CreditMantri Finserve Private Limited
4th Floor Sudhama, 36 Vijayaraghava Road,T Nagar, Chennai, Tamil Nadu 600017
Have any queries? Click here for more details
All written queries will be responded within 1 working day.
We'd love to help you through every step along the way.
Is your Credit Score >750?
(Formerly known as Franklin India Balanced Fund)
Introduction to the Fund
Mutual funds are professionally managed by Asset Management Companies with the funds of several investors who come together to invest in a diverse portfolio.
Franklin India Bluechip Fund invests primarily in bluechip equity with a view to providing long term gains. Dividends under the scheme are usually declared every 2 years.
Franklin India Bluechip Fund
Established in 1993, Franklin India Bluechip Fund has demonstrated a steady growth in assets and reaped profit for its investors. While the main objective is long-term gains, the AMC does pay out profits under the fund which is usually every 2 years by way of dividend.
Dividend income is exempt from tax. However, a Dividend Distribution Tax is applicable under the law at 11.648% of the fund value.
There is no lock-in period under Franklin India Bluechip Fund but if you want substantial gains on your investment, you would be well advised to remain invested for a minimum period of 5 years.
The minimum initial investment is INR 5000. Thereafter you can invest in multiples of INR 1. You can redeem your investment either partially or fully at any time. If you choose to withdraw within a year of initial investment, you will be charged an exit load of 1% towards administrative cost.
You can invest in Franklin India Bluechip Fund through a Systematic Investment Plan (SIP) for a minimum amount of INR 500.
Franklin India Bluechip Fund is an equity fund that invests in large-cap stocks. This makes it apt for people who are willing to invest in long term capital appreciation. This fund has two options that you can choose from – the growth option and the dividend option. Each of these is available under the Direct Plan and the Regular Plan.
Being an equity fund, there is an inherent risk. However, the portfolio is fairly well diversified and the fund has been performing well for those who have weathered the few dips since inception.
Despite being subject to market risks, there are several advantages of investing in Franklin India Bluechip Fund.
The Net Asset Value as of February 6, 2019, was as follows.
The turnover of the portfolio was 23.83 percent as of Dec 2018 while the fund size was 7809.08 Cr INR. To see the specific NAV under a particular variant for a particular date, please visit the fund website.
You can invest in Franklin India Bluechip Fund either directly with the fund manager for direct variant or through a third-party for regular variant. At the time of investment, you can either opt to receive dividend pay-outs as and when declared or reinvest any dividends back into the fund.
The procedure for investment is simple – submit the application form along with your KYC documents to the fund manager or third party. You can obtain the application form online from the website of the fund manager or through your broker or agent.
Irrespective of the variant you choose or the mode of application, you will be required to submit full KYC documentation with each new purchase. Under the SIP option, you will have to submit KYC only at inception. You can avail ECS facility for directly deposit the SIP amount into the fund from your bank account.
1) Can I apply for Franklin India Bluechip Fund if I am under 18?
According to law, individuals below the age of 18 cannot invest in mutual funds or equity funds. The only way for a person below the age of 18 to invest in such a fund is through a legal guardian.
2) When will I receive dividend on my investment?
This fund has been known for being consistent in providing investors with dividends at a regular time every two years.
3) How much dividend will I get?
The dividend that you will receive under Franklin India Bluechip Fund will depend on how well the fund performs in the market. It also depends on the amount you have invested. Returns on the corpus are divided among investors on a pro-rata basis.
4) What is the meaning of Growth fund?
A growth fund is one that does not provide the pay-out option. The dividends obtained from this fund are reinvested into the fund to increase the AUM and NAV of the fund.
Get low interest loans & Lifetime FREE credit cards
Get customized Credit Health Report
Improve your creditworthiness
Aditya Birla Sun Life Dividend Yield Fund
Aditya Birla Sun Life Focused Equity Fund
Aditya Birla Sun Life Frontline Equity Fund
Aditya Birla Sun Life Manufacturing Equity Fund
Aditya Birla Sun Life MNC Fund
Aditya Birla Sun Life Mutual Funds
Advantages Of Mutual Funds
Axis Equity Funds
Axis Long Term Equity Fund
Axis Mutual Funds
Bank Of India Axa Mutual Funds
Baroda Pioneer Mutual Funds
Basics Of Mutual Funds
Best Performing Mutual Funds
BNP Paribas Mutual Funds
Canara Robeco Emerging Equities Fund
Canara Robeco Mutual Funds
Charges In Mutual Funds
Dsp Mutual Funds
Edelweiss Mutual Funds
Franklin Build India Fund
Franklin India Credit Risk Fund
Franklin India Equity Advantage Fund
Franklin India Equity Hybrid Fund
Franklin India Feeder Franklin Us Opportunities Fund
Franklin India Focused Equity Fund
Franklin India Low Duration Fund
Franklin India Prima Fund
Franklin India Smaller Companies Fund
Franklin Templeton Mutual Funds
HDFC Arbitrage Fund
HDFC Balanced Advantage Fund
HDFC Balanced Fund
HDFC Banking And Psu Debt Fund
HDFC Capital Builder Value Fund
HDFC Corporate Bond Fund
HDFC Credit Risk Debt Fund
HDFC Equity Fund
HDFC Long Term Advantage Fund
HDFC Mutual Funds
HDFC Top 100 Funds
How To Invest In Mutual Funds
HSBC Mutual Funds
ICICI Prudential Balanced Advantage Fund
ICICI Prudential Banking And Financial Services Fund
ICICI Prudential Child Care Plan
ICICI Prudential Dividend Yield Equity Fund
ICICI Prudential Dynamic Fund
ICICI Prudential Equity Arbitrage Fund
ICICI Prudential Export And Services Fund
ICICI Prudential Fmcg Fund
ICICI Prudential Fund
ICICI Prudential Infrastructure Fund
ICICI Prudential Midcap Fund
ICICI Prudential Select Large Cap Fund
Invesco Mutual Fund
L And T Mutual Fund
LIC Mutual Fund
Lock In Period Of Mutual Funds
Mirae Asset Mutual Fund
Motilal Oswal Mutual Funds
Pgim India Mutual Funds
Principal Mutual Funds
Quantum Mutual Funds
Reliance Focused Equity Fund
Reliance Large Cap Fund
Reliance Mutual Fund
Returns In Mutual Funds
Sahara Mutual Fund
SBI Banking And Financial Services Fund
SBI Fmcg Fund
SBI It Fund
SBI Magnum Comma Fund
SBI Mutual Fund
SBI Psu Fund
Sundaram Mutual Funds
Tata Mutual Funds
Taurus Mutual Funds
Tax Saving Mutual Funds
Types Of Mutual Funds
Uti Mutual Funds
Valuation Of Mutual Funds
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.