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

INVEST VIA NRE/NRO

Franklin India ELSS Tax Saver Fund Growth for NRI [1391.10]

Min Investment

500

Fund Size

6,397.51 Cr

Expense Ratio

1.8%

Exit Load

0%

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

1391.10

0.34%

NAV as on 20 Jun 24, 12:00 AM

very high risk

elss (tax savings)

elss

NAV as on 20 Jun 24, 12:00 AM

very high risk

elss (tax savings)

elss

45.21%p.a.

Last 1Y

21.74%p.a.

Last 3Y

19.70%p.a.

Last 5Y

21.44%p.a.

Since Inception

About Franklin India ELSS Tax Saver Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Franklin India ELSS Tax Saver Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Apr 1999, Franklin India ELSS Tax Saver Fund Growth is ELSS (Tax Savings) fund of its category with 6,397.51 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.

  • Franklin India ELSS Tax Saver Fund Growth delivered 45.2% annual returns during the last year. It has delivered 21.4% average annual returns since the fund was launched.
  • Franklin India ELSS Tax Saver Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in elss

Fund Objective

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate.

Top 10 Holdings

ICICI Bank Ltd

7.72%

HDFC Bank Ltd

6.82%

Bharti Airtel Ltd

5.41%

Larsen & Toubro Ltd

5.07%

Infosys Ltd

4.23%

Axis Bank Ltd

4.09%

State Bank of India

3.98%

NTPC Ltd

3.21%

United Spirits Ltd

2.99%

Reliance Industries Ltd

2.94%

Fund Managers

  1. R. Janakiraman (May 2016 - Present)
  2. Rajasa Kakulavarapu (Dec 2023 - Present)

Key Information

View Scheme Document

Franklin India ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver 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