|Min SIP Amount||₹500|
|NAV||₹79.26 (23 Oct 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹2,052 Cr|
|Axis Bank Ltd.||Financial||Equity||7.1%|
|HDFC Bank Ltd.||Financial||Equity||6.2%|
|Tata Power Co. Ltd.||Energy||Equity||4.3%|
|ICICI Bank Ltd.||Financial||Equity||4.3%|
|Apollo Hospitals Enterprise Ltd.||Healthcare||Equity||3.7%|
|Bharti Airtel Ltd.||Communication||Equity||3.3%|
|Bharat Electronics Ltd.||Engineering||Equity||2.4%|
|Gujarat State Petronet Ltd.||Energy||Equity||2.3%|
|Cholamandalam Financial Holdings Ltd.||Financial||Equity||2.3%|
Franklin India Equity Advantage Fund Direct Growth is a Equity Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was made available 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 fund.The fund currently has an Asset Under Management(AUM) of ₹2,052 Cr and the Latest NAV as of 23 Oct 2020 is ₹79.26.
The Franklin India Equity Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year
The scheme seeks to provide medium to long-term capital appreciation by investing primarily in Large and Mid-cap stocks.
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.