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Franklin India Pension Plan - Direct - Growth

Solution

  

Retirement Fund

NAV

129.533 -0.2194

as on (08 Apr, 2020)

RETURNS

3.8 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

1.61 %

Benchmark

CRISIL Composite Bond Fund TR INR

Asset Size

448.32 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

The Fund seeks to provide investors regular income under the Dividend Plan and capital appreciation under the Growth Plan.

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Fund manager

Sachin Padwal-Desai

(since 08 Aug, 2006)

Exit load

3 %

(If redeemed within 1095 days)

Minimum sip

₹ 500

minimum investment

₹ 500

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

7.17% Govt Stock 2028

10.72 %

State Bank Of India

5.78 %

Hinduja Leyland Finance Limited

4.77 %

Edelweiss Commodities Services Limited

4.58 %

Sector Allocation

About the Scheme Type

Retirement Fund

For investors with a clear goal of having a corpus for their retirement phase, a Retirement Fund could be a good option. These come with a lock-in period of 5 years or until retirement, whichever is earlier. SEBI has purposefully mandated the lock-inso as to give impetus to long term saving as they also come with tax benefits. Also, there’s a pretty hefty exit load – 3 to 4%, in case of premature withdrawals. Given that they’re only been there since a few years, there are limited number of Retirement Funds today.

Ratings

This fund is rated 5 stars by Morning Star Ratings.

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Overview of Franklin Templeton Asst Mgmt(IND)Pvt Ltd

Since 1947, our firm has been dedicated to delivering exceptional asset management for institutional, retail, and high-net-worth clients. Franklin Templeton's association with India dates back to over 2 decades as an investor. As part of the group's major thrust on investing in markets around the world, the India office was set up in 1996 as Templeton Asset Management India Pvt. Limited. It flagged off the mutual fund business with the launch of Templeton India Growth Fund in September 1996, and since then the business has grown at a steady pace.

At Franklin Templeton Mutual Fund, we understand that the strength of our business relationships is a key point of differentiation for us as a company, along with the trust that our business partners and clients have in us. Throughout the Franklin Templeton Mutual Fund’s history, a strong commitment to corporate values has guided our decision making and has been a roadmap for our success.

These values, and our unique perspective, help us achieve our mission by offering high quality investment solutions, providing outstanding service, and attracting, motivating and retaining talented people. They also help to create a “culture of compliance.” Franklin Templeton Mutual Fund’s core values include

  • Putting clients first
  • Building relationships
  • Working with integrity
  • Seeking to achieve quality results