Franklin India Savings Fund Direct Growth is a Debt Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Sachin Padwal-Desai, Pallab Roy is the Current Fund Manager of Franklin India Savings Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹2,899 Cr and the Latest NAV as of 19 Sep 2019 is ₹36.61.
The Franklin India Savings Fund Direct Growth is rated Moderately Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 10000. Nil.
Investment Objective
Aims to provide income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns, and also fixed rate instruments and money market instruments.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹10000
Min for First Investment
₹1000
Min for Second Investment