Franklin India Taxshield mutual fund needs to sustain performance; should you invest?

economictimes.indiatimes.com:

mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.BASIC FACTS DATE OF LAUNCH 4 OCTOBER 1999CATEGORY EQUITYTYPE ELSSAUM* Rs.5,029 croreBENCHMARK NIFTY 500 TOTAL RETURN INDEXWHAT IT COSTS NAV** GROWTH OPTION Rs.1,008.54IDCW** Rs.52.17MINIMUM INVESTMENT Rs.500MINIMUM SIP AMOUNT Rs.500EXPENSE RATIO* (%) 1.83*AS ON 30 JUNE 2023 **AS ON 25 JULY 2023FUND MANAGER ANAND RADHAKRISHNAN / R.

JANAKIRAMAN ® 1 YEAR, 8 MONTHS / 7 YEARSRecent portfolio changes New entrantsCrompton Greaves Consumer Electricals (April); Kalyan Jewellers India (June).Complete exitsDelhivery, Maruti Suzuki India, One 97 Communications (April); LIC (May); Tata Power Company, Zydus Lifesciences (June).Increasing allocationACC, City Union Bank, ICICI Prudential Life Insurance Company, United Breweries, Whirlpool of India (April); ACC, Multi Commodity Exchange of India (May); City Union Bank, GAIL, Voltas (June).Should you buy? This fund has amplified its large-cap bias, diluting exposure to mid and small caps in recent years. The portfolio is well diversified, running healthy positions in the top bets.

The fund managers show no particuar style preference for this fund, adopting an index-agnostic approach to picking stocks and sectors. The fund went through a rocky patch between 2015 and 2020, underperforming the index as well as the category.

However, it has seen an upturn in fortunes since 2021, suggesting a comeback. Even so, it needs to sustain this turnaround for longer to be considered a worthy bet.(Source: Value Research)