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

INVEST VIA NRE/NRO

Franklin India Dynamic Asset Allocation Fund Of Funds Growth for NRI [153.14]

Min Investment

5,000

Fund Size

1,294.88 Cr

Expense Ratio

1.4%

Exit Load

1%

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

153.14

0.13%

NAV as on 20 Jun 24, 12:00 AM

high risk

fund of funds

fof

NAV as on 20 Jun 24, 12:00 AM

high risk

fund of funds

fof

26.40%p.a.

Last 1Y

17.10%p.a.

Last 3Y

12.75%p.a.

Last 5Y

14.05%p.a.

Since Inception

About Franklin India Dynamic Asset Allocation Fund Of Funds Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Franklin India Dynamic Asset Allocation Fund Of Funds Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Fund of Funds mutual fund scheme that predominantly invests in Fund of Funds stocks of companies. Launched on Oct 2003, Franklin India Dynamic Asset Allocation Fund Of Funds Growth is Fund of Funds fund of its category with 1,294.88 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Fund of Funds funds.

  • Franklin India Dynamic Asset Allocation Fund Of Funds Growth delivered 26.4% annual returns during the last year. It has delivered 14.1% average annual returns since the fund was launched.
  • Franklin India Dynamic Asset Allocation Fund Of Funds Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in fof

Fund Objective

To provide long-term capital appreciation with relatively lower volatility through a dynamically balanced portfolio of equity and income funds. The equity allocation (i.e. the allocation to the diversified equity fund) will be determined based on the month-end weighted average P/E and P/B ratios of the Nifty 500 Index.

Top 6 Holdings

Franklin India Flexi Cap Dir Gr

41.99%

ICICI Pru Short Term Dir Gr

28.91%

SBI Short Term Debt Dir Gr

28.88%

Franklin India S/T Income Dir Gr

0.02%

Franklin India Dynamic Accrual Fund- Segregated Portfolio 3- 9.50% Yes Bank

0.00%

Franklin India S/T Inc Sgtd Ptf3DirRetGr

0.00%

Fund Managers

  1. Varun Sharma (Sep 2023 - Present)
  2. Rajasa Kakulavarapu (Feb 2022 - Present)

Key Information

View Scheme Document

Franklin India Dynamic Asset Allocation Fund Of Funds 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 Dynamic Asset Allocation Fund Of Funds 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 Dynamic Asset Allocation Fund Of Funds 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 Dynamic Asset Allocation Fund Of Funds 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