Franklin India Pension Fund (G)

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Balanced Hybrid NAV 133.1188 0.15 20 November, 2019
  • 7.78%
  • 9Y 4M

Fund Details

Category Balanced Hybrid
Fund Type Open Ended
Investment Plan Growth
Launch Date 31 March, 1997
Benchmark CRISIL Composite Bond (60), NIFTY 500 (40)
Asset Size(Cr) 289.31 (As on Oct 31, 2019)
Min Investment ₹ 500
Min SIP Investment ₹ 500
Min Addl Investment ₹ 500
Exit Load
Expense Ratio 1.06% (As on Sep 30, 2019)
Fund Manager Sachin Padwal-Desai , Umesh Sharma, Lakshmikanth Reddy, Krishna Prasad Natarajan

Investment Returns (As on 20 Nov, 2019)

  • 3 Month 5.19%
  • 6 Month 4.5%
  • 1 Year 10.27%
  • 3 Year 6.81%
  • 5 Year 7.78%
Graph
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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Asset Allocation

  • Equity: 39.77%
  • Debt: 57.04%
  • Cash: 3.20%

Top Sector Allocation

  • Sector Allocation (%)
  • GOI-Sep-6.4971
  • StateBankOfIndia-Sep-5.8288
  • HindujaLeylandFinanceLtd-Nov-4.8727
  • EdelweissCommoditiesServicesLtd-Oct-4.6091
  • HDFCBankLtd3.8996
  • DLFPromenadeLtd-Dec-3.8705
  • TataSteelLtd-Jan-3.5575
  • KKRIndiaFinancialServicesPvtLtd-Mar-3.4897
  • HousingDevelopmentFinanceCorpLtd-Jun-3.463
  • JMFinancialProductsLtd-Jul-3.4463

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
Franklin India Pension Fund (G) 10.27% 6.81% 7.78%

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Franklin India Pension Fund: Generate Healthy Corpus for Retirement

It is an open-ended scheme which is a government notified pension plan. Along with good returns, the mutual fund brings along with its tax saving benefits as well, which makes it an ideal SIP investment for generating a good corpus for retirement. The fund is currently one of the top recommended mutual funds  and have gained quite a buzz in the finance market. The healthy returns generated by Franklin India Pension Fund dragged the attention of many investors and compelled them in investing their hard earned money in the mutual fund. In the equity market, the scheme follows a blend style of investment and diversify the assets in the growth and value stocks of large cap companies. Furthermore, in the debt market, the fund managers targets the instruments having low credit quality and high interest rate sensitivity for generating high profits on the invested amount.

Tax Benefits of Franklin India Pension Fund

Franklin India Pension Fund gives an opportunity to the Indian investors to enjoy the tax benefits as mentioned under Section 80C. By investing in the SIP plan of Franklin Templeton Mutual Fund, an investor can save tax up to an investment of Rs. 1.5 Lakh with a target amount of Rs. 10,000 till the person reaches the age of 60 years. However, the schemes comes with a lock period of 5 years or the retirement age (60 years), whichever is earlier. Below are the tax imposed on the profits-

  • LTCG Tax of 20% is implied if the units are held for more than 3 years.
  • STCG Tax applied will be according to the income tax slabs if the units are held for less than 3 years.
  • An NRI investor can also invest his money in this fund and the LTCG tax imposed on him will be 10%.

In short, this scheme is a top ranked mutual fund which provides similar benefits like ELSS.

Who Should Invest in Franklin Pension Plan Fund?

Conservative Investors: Franklin Pension Plan Fund being a hybrid fund is less prone towards risk than the pure equity funds which makes it a suitable scheme for the conservative investors. Moreover, the scheme parks the assets largely in the debt instruments which are a good source to generate stable returns whereas the superior returns are eyed by the equity assets.

Investor in Search of Tax Benefits: The balanced fund of Franklin Templeton MF provides tax saving benefits on an investment of up to Rs. 1.5 Lakh. Thus, if you are searching for an alternative of ELSS funds then this scheme will surely end your search.

For a Happy Retirement: By investing in this pension fund of Franklin Templeton, an individual can plan a good retirement corpus to enjoy the second inning of the life. In short, this is the best balanced fund that can help you in planning your retirement well.

An Overview About the Fund Managers

Franklin India Pension Fund is currently managed by four fund managers namely, Mr. Umesh Sharma, Mr. Sachin Padwal-Desai, Mr. Lakshmikanth Reddy, and Mr. Krishna Prasad Natarajan. Working as a team, they ensure that they deliver superior returns to the aspiring investors. Let us have an overview of the fund managers associated with the pension fund of Franklin Templeton.

Mr. Umesh Sharma: Mr. Sharma is the Vice President of Fixed Income Securities and the senior fund manager in Franklin Templeton Mutual Fund. He joined the AMC in 2010 and got associated with the scheme in the same year. Prior to joining the AMC, he has worked with many financial institutions and thus, holds great expertise in finance management.Mr. Sachin Padwal-Desai: He holds a B.tech and PGDM degree and have at par experience in the fixed income market. He started his career with the fund house in 2004 and after two years started managing Franklin India Pension Fund. Moreover, the highly-qualified fund manager also looks after several best investment plans of Franklin Templeton Asset Management India Pvt. Ltd.

Mr. Lakshmikanth Reddy: He was appointed as the fund manager of Franklin India in May, 2016 and by far have made an immense contribution in the success of the scheme. He has profound knowledge about the mutual fund space and holds great expertise in the equity market. Moreover he is a B.Tech and MBA graduate.

Mr. Krishna Prasad Natarajan: Last but not the least, Mr. Natarajan is the newest member in the team who is handling this balanced hybrid fund since January 2019. He holds B.E., PGDIM, and CFA degree.

By far, you must have acquired all the information about the Franklin India Pension Plan. Thus, start investing in this scheme to generate a healthy corpus for retirement. For getting further assistance in planning your retirement through SIP, you can also use the SIP Calculator available on the website.

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