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(Franklin Templeton Tax Shield)

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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)




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.


  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.

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