Khabza Career Portal
Menu
  • Jobs
  • Companies Hiring
  • Government Jobs
    • Z83 Application Form
  • Where to study
    • SA Bursaries
  • News
    • Cover Letter and Resume
    • Career News
    • Business
    • Education
    • Fashion
    • Finance
    • Food
    • Health
    • How To
    • Law
    • Lifestyle
    • Marketing
    • Product
    • Property
    • SEO
    • Sport
    • Technology
    • Travel
  • About
    • Services
    • Contacts
    • Privacy Policy
    • Terms of Service
Menu

Invest in Franklin Templeton tax shield direct growth and save tremendous tax

Posted on 13 February 202013 February 2020 by Khabza
0
SHARES
Facebook
Twitter

The purpose of the scheme is medium to long-term capital growth, with tax exemption on salaries. The program invests in equity and is the risk to PSU bonds and debentures as well as money market instruments. 

The scheme aims to provide income tax exemption to investors as well as the increase of capital. This scheme rated as a moderately high risk. An investor can invest through the SIP route, and minimum lump sum amount is Rs 500.

It is a tax saver mutual fund scheme from Franklin Templeton Mutual Fund. We mostly invest in this scheme due to its tax saving feature. The Franklin Templeton tax shield direct growth scheme is currently managed by Lakshmikant Reddy and R Janakiraman and launched in India on 1 January 2013. Its AUM is around Rs 4,123.88 crore, and the latest level of NAV is around Rs. 613.152 as of 31 January 2020.

Here you can see Franklin Templeton tax shield direct growth scheme Return Performance

  • 7.97% in the last year.
  • 29.29% in the previous three years.
  • 152.71% since the commencement of the scheme.
  • You can start an SIP investment with a minimum of Rs 500.

Tax Implications

  • A deduction of 1.5 lack will be tax-free under 80C
  • Three years lock.
  • Returns will be taxed at 10%.

When you want to invest for five years or more, you can comfortably beat the inflation rate and are better off than fixed-income options. But the way your interest fluctuates, be ready to invest. Apart from this, you get tax exemption on the amount invested under Section 80C as per Indian Income Tax laws. According to this clause, up to Rs, 1.5 lakh is invested in eligible securities in a financial year, such as this fund is exempt from tax.

But the way your interest fluctuates, be ready to invest. Also, keep in mind that you cannot withdraw money from this fund until the completion of three years from the beginning of the investment. You will have to invest in this scheme through SIP, like all equity funds.

Taxation of Income: Capital gains

  • If an investor sold his mutual fund units after one year from the date of the start of the investment, if you earn up to Rs 1 lakh in your financial year, then this amount will be exempt from tax. If you get more than Rs 1 lakh, then this amount will be taxed at a rate of 10%.
  • If you are selling your mutual fund unit within one year from the beginning of the date of investment, then any amount you get will be taxed at the rate of 15%.
  • As long as you continue to operate the units, there will be no tax.

Keep in mind: If you need to redeem your investment in less than five years, do not invest in this or any other ELSS fund.

Latest post

  • Protect Your Photography Business with a Wyoming-Specific Contract Template
  • What To Expect from Thigh Lift Surgery
  • How to Select a Rewarding Career as Well as Get Job Satisfaction
  • 10 Types of Rudraksha Beads and Their Benefits
  • How the UK’s Best Accounting Outsourcing Services Are Re-establishing the Country as an International Business Leader?
  • What Classroom Features Should be Present in a Preschool?
  • Home Upgrades That Are Perfect for Growing Families
  • How To Take Your Bath and Shower Routine to the Next Level
  • Benefits Of A Will In The UK
  • How to Create a Standout Resume: Tips and Tricks for Success
  • Is it worth trading with the Investmarkets broker? – Traders Union gives the answer.
  • Insights from the Traders Union Experts for All Levels of Trading
  • Different Types of Therapy for Children Explained
  • Why you need home security system for your home?
  • Finding the Best Pizza Coupons for Your Family
  • Fun Ways To Spend Free Time
  • How to Update Your Banking Details on SASSA
  • When to hire a roof repair contractor? Tips to look for
  • Security Guard Cover Letter and Resume or CV
  • Auditor Job Cover Letter and Resume

Enter Your Name and E-mail Address to Get Updates




©2023 Khabza Career Portal | Theme by SuperbThemes