Templeton India Children Asset Plan-Gift Plan - Growth

Templeton India Children’s Asset Plan-Gift Plan is a balanced fund. This fund is managed by Anand Radhakrishnan, Anil Prabhudas, Sachin Desai and Umesh Sharma. The fund’s performance has been fairly inconsistent. If you hold units in this fund, keep a close watch on its performance.

Where does Templeton India Children’s Asset Plan-Gift Plan invest your money?

Templeton India Children’s Asset Plan-Gift Planis an equity oriented hybrid fund which invests your money in both equity securities and debt securities. It has about 67% exposure in equities. Its equity portion has multi cap exposure and is predominantly exposed to large and mid cap stocks. Mid cap companies give kicker returns. The fund’s equity portfolio has 26% allocated to stocks of medium sized companies and 4% to stocks of small sized companies.

Suitable for what?

The following needs if occurring between 3 and 5 years:

  • Child's Education
  • Marriage
  • Home Purchase
Not suitable for?
  • Long term needs
  • Creation of wealth
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has Templeton India Children’s Asset Plan-Gift Plan performed in the past?

If you had invested Rs 1 lakh when the fund was launched at June 1998, your value of investments would be around Rs 4.5 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.5 lakhs. The performance has been better or similar to other equity oriented hybrid mutual funds. The fund has been giving at around 11% every year for those who stayed invested since inception.

Assume you had invested Rs 10,000 every month in Templeton India Children’s Asset Plan-Gift Plan through SIP from the last five years today you would have around Rs 7.4 lakhs.

What charges apply?

No exit load applies for units withdrawn from this scheme. Expense ratio of Templeton India Children’s Asset Plan-Gift Plan is 2.30%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

Returns on equity oriented hybrid funds are absolutely tax-free provided you do not withdraw within a year of buying the units. Templeton India Children’s Asset Plan-Gift Plan does not qualify for sec 80C ELSS benefits.

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