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

INVEST VIA NRE/NRO

Franklin India Equity Savings Fund Growth for NRI [15.29]

Min Investment

5,000

Fund Size

584.73 Cr

Expense Ratio

1.1%

Exit Load

0%

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

15.29

0.02%

NAV as on 22 Jun 24, 12:00 AM

low to moderate risk

equity savings

equity

NAV as on 22 Jun 24, 12:00 AM

low to moderate risk

equity savings

equity

11.79%p.a.

Last 1Y

8.05%p.a.

Last 3Y

8.30%p.a.

Last 5Y

7.40%p.a.

Since Inception

About Franklin India Equity Savings Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Franklin India Equity Savings Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Equity Savings mutual fund scheme that predominantly invests in Equity Savings stocks of companies. Launched on Aug 2018, Franklin India Equity Savings Fund Growth is Equity Savings fund of its category with 584.73 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Equity Savings funds.

  • Franklin India Equity Savings Fund Growth delivered 11.8% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
  • Franklin India Equity Savings Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in equity

Fund Objective

The Scheme intends to generate long-term capital appreciation by investing a portion of the Scheme’s assets in equity and equity related instruments. The Scheme also intends to generate income through investments in fixed income securities and using arbitrage and other derivative Strategies. There can be no assurance that the investment objective of the scheme will be realized.

Top 10 Holdings

HDFC Bank Ltd

6.72%

ICICI Bank Ltd

5.84%

Bajaj Finance Ltd. 7.82%

5.21%

Future on ICICI Bank Ltd

4.96%

Future on HDFC Bank Ltd

4.94%

Future on Mahindra & Mahindra Ltd

4.57%

Mahindra & Mahindra Ltd

4.53%

7.37% Govt Stock 2028

4.36%

LIC Housing Finance Ltd. 7.835%

4.29%

REC Ltd. 7.7%

4.28%

Fund Managers

  1. Pallab Roy (Mar 2024 - Present)
  2. Anuj Tagra (Apr 2024 - Present)
  3. Varun Sharma (Sep 2023 - Present)
  4. Sandeep Manam (Oct 2021 - Present)
  5. Rajasa Kakulavarapu (Sep 2021 - Present)

Key Information

View Scheme Document

Franklin India Equity Savings 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 Equity Savings 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 Equity Savings 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 Equity Savings 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