Franklin India Equity Advantage Fund Direct Dividend is a Equity Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. R Janakiraman, Srikesh Nair, Lakshmikanth Reddy is the Current Fund Manager of Franklin India Equity Advantage Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹2,401 Cr and the Latest NAV as of 30 Mar 2020 is ₹10.49.
The Franklin India Equity Advantage Fund Direct Dividend is rated Moderately High risk. Minimum SIP Investment is 500. Exit load of 1% if redeemed within 1 year.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.