Subscribe to InvestmentKit Newsletter

Email:

Over 60,356 Regular Readers

Most Useful and Popular Articles

How to Download your Aadhaar card online? Check your LIC policy details online
Best Indian Mutual Funds for 2014 Check your ICICI Prudential policy details online
13 ways to invest in Gold in India Check your SBI Life Insurance policy online
How to get 9% returns from your savings account? Check your aadhar status online


Tax Saving Schemes in Indian Mutual Funds
(Franklin Templeton Tax Shield)

State Bank of India Plans

Unit Plus Super ULIP - New ULIP with multiple benefits
Money Back Plans- Guaranteed Profit
Children Plans - Education / Marriage
 

Explore Insurance Section

Useful Articles on Insurance

 

Explore Others Famous Articles

Credit Cards
Property
Gold
 

Indian Government Schemes

 

Public Provident Fund
  FAQ on PPF
  Online Calculator for PPF
  Advanced PPF Calculator
  Explore More on PPF
NSC Issue
  FAQ on NSC
  Online Calculator of NSC
Post Office Monthly Income Scheme (MIS)
  FAQ on Post Office MIS
  Online Calculator of MIP
Kisan Vikas Patra
  FAQ on KVP
Post Office Recurring Deposit
  Online Calculator for RD
  Advanced Calculator for RD
  Calculator for RD for duration more than 5 years
Taxable Bonds
Senior Citizen Savings Scheme 2004
Comparison of all Government Schemes
 
Investing in Franklin Templeton funds can reduce your tax burden in 2 ways

Tax rebates while investing
Concessional tax on your long-term capital gains

Tax rebates through Section 88

Section 88 is where you can invest upto Rs.70,000 in Franklin Templeton funds each year and get a tax rebate of upto Rs.14,000.

Franklin Templeton offers you two schemes - Franklin India Taxshield (FIT) an open end equity linked savings scheme and Templeton India Pension Plan (TIPP), an open end pension scheme - to help you save tax under Section 88.

Franklin India Taxshield (FIT)

Objective

Investment 

recommended

To provide medium to long term growth of capital along with income tax rebate Rs.10,000

FIT is an open end growth scheme investing predominantly in equity and equity related instruments which have the potential to deliver capital appreciation over the long term. Taxshield with a conservative and quality minded approach to investing has recorded healthy growth, rewarding investors with steady performance over the long term. The following table demonstrating the performance of the Taxshield series of schemes stands testimony to this.

Performance

  Last 1 year Last 3 years* Last 5 years* Since Inception* Ratings**
FIT (G) 14.51 0.44 - 27.77
FIT (D) 14.45 0.44 - 27.77 "
FIT 95 15.69 -16.34 23.69 11.33
FIT 96 24.92 -17.84 13.61 12.42
FIT 97 12.01 -16.49 18.34 17.71
FIT 98 21.48 -12.32 - 24.32 -
FIT 99 23.06 -15.04 - 19.16 -

* Annualised Compounded returns based on 31.12.2002 NAVs - Scheme Name, Inception Date, NAV : Taxshield (G), 10.4.1999, Rs.24.94; Taxshield (D), 10.4.1999, Rs.11.72; Taxshield 95, 31.3.1995, Rs.23.00; Taxshield 96, 31.3.1996, Rs.22.06; Taxshield 97, 31.3.1997, Rs.25.56; Taxshield 98, 31.3.1998, Rs.28.16; Taxshield 99, 31.3.1999, Rs.19.32.
Past performance may or may not be sustained in future
Dividends declared assumed to be reinvested. ** Value Research Ratings

 

Advantages of saving tax with Franklin Templeton

Scope for capital appreciation :
With an allocation to equities, these schemes have the potential to deliver capital appreciation over the long term

Flexible withdrawal options :
Investments in FIT can be redeemed at NAV after a short lock-in period of 3 years. While Pension Plan is designed to help you save for retirement and redemptions at NAV can start after the age of 58, you also have the facility to redeem your investment after completion of 3 financial years to meet any emergencies. 

Convenience :  
The minimum investment amount is just Rs.500 and you can make your investments through out the year.

Most Popular Links

Articles for Investors
Ask anything from Experts
Calculators
 

Indian Mutual Funds

Latest NAV
Track your Mutual Funds
Mutual Fund for Beginners
 
 
 

Forex

Live Rates & Calendar
MetaTrader Indicators
 

Others

Subscribe to our Newsletter
Toolbar
 
Our Other Famous Websites
SBI Life Insurance
DodaCharts.com
MoneySavingsHelp.com
PaisaYehPaisa.com
Helpof.com
AnswersKit.com
 
 



Do you like this website? Get future updates via our Free newsletter.

Email ID:

 
 

InvestmentKit is also available in

USA

Australia

Our Network:

InvestmentKit.com DodaCharts.com IndianPostOffice.Helpof.com AnswersKit.com SBILifeInsurance.Helpof.com RTILeaks.com
PaisaYehPaisa.com PublicProvidentFundIndia.com TechnologyPedia.com MoneySavingsHelp.com VedicAstrologyKit.com  
YellowPagesKit.com InvestmentKit.us     InvestmentKit.com.au  
 Privacy and Disclaimer  

 www.InvestmentKit.com

     
Insurance is the subject matter of solicitation.

Mutual Fund investments are subject to market risks. Please read the offer document carefully before investing.