About Franklin India Taxshield Direct-Dividend Reinvestment
Franklin India Taxshield Direct-Dividend Reinvestment is a Tax Saver
mutual fund scheme from Franklin Templeton Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Lakshmikanth Reddy
and R Janakiraman
. It has an AUM of ₹4,095.95 Crores and the latest NAV decalared is ₹44.132 as on 15 Nov 2019 at 8:20 pm.
Franklin India Taxshield Direct-Dividend Reinvestment scheme return performance in last 1 year is 6.43%, in last 3 years is 28.01% and 149.22% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.