Franklin India Equity Advantage Fund Direct Growth 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 Growth.The fund currently has an Asset Under Management(AUM) of ₹2,603 Cr and the Latest NAV as of 22 Jan 2020 is ₹86.52.
The Franklin India Equity Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year.
Investment Objective
An open-end diversified equity fund that seeks to provide medium to long-term capital appreciation by investing in stocks across the entire market capitalization range.
Tax Implications
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.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment
Exit load of 1% if redeemed within 1 year
Exit Load