NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Franklin India Balanced Advantage Fund Growth for NRI [13.43]

Min Investment

5,000

Fund Size

1,912.01 Cr

Expense Ratio

2.0%

Exit Load

1%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

13.43

-0.10%

NAV as on 22 Jun 24, 12:00 AM

very high risk

dynamic asset allocation

hybrid (nc)

NAV as on 22 Jun 24, 12:00 AM

very high risk

dynamic asset allocation

hybrid (nc)

25.91%p.a.

Last 1Y

0.00%p.a.

Last 3Y

0.00%p.a.

Last 5Y

16.76%p.a.

Since Inception

About Franklin India Balanced Advantage Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Franklin India Balanced Advantage Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Sep 2022, Franklin India Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 1,912.01 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.

  • Franklin India Balanced Advantage Fund Growth delivered 25.9% annual returns during the last year. It has delivered 16.8% average annual returns since the fund was launched.
  • Franklin India Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in hybrid (nc)

Fund Objective

The Scheme intends to generate long-term capital appreciation and income generation by investing in a dynamically managed portfolio of equity & equity related instruments and fixed income and money market instruments. There can be no assurance that the investment objective of the scheme will be realized.

Top 10 Holdings

Nifty Index Future

20.04%

6.69% Govt Stock 2024

10.76%

HDFC Bank Ltd

5.94%

ICICI Bank Ltd

4.56%

Larsen & Toubro Ltd

3.18%

Infosys Ltd

3.05%

Reliance Industries Ltd

2.95%

ICICI Home Finance Company Limited 8.1%

2.66%

LIC Housing Finance Ltd. 7.835%

2.62%

Bharti Airtel Ltd

2.44%

Fund Managers

  1. Rahul Goswami (Nov 2023 - Present)
  2. Anuj Tagra (Mar 2024 - Present)
  3. Chandni Gupta (Mar 2024 - Present)
  4. Varun Sharma (Sep 2023 - Present)
  5. Sandeep Manam (Sep 2022 - Present)
  6. Rajasa Kakulavarapu (Sep 2022 - Present)

Key Information

View Scheme Document

Franklin India Balanced Advantage Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Franklin India Balanced Advantage Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Franklin India Balanced Advantage Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Franklin India Balanced Advantage Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions