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Franklin India Income Opportunities Fund

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Debt: Medium Duration

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1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

Medium Duration debt funds invest mainly in bonds maturing in about three to four years. They aim to earn better returns than bank fixed deposits of a similar duration. The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. We believe that Short Duration funds are a better alternative for the fixed-income allocation in an investor’s portfolio.

We also believe that investors with an investment horizon of more than three years may consider investing some portion of their money in equity funds to earn higher returns. They witness more severe ups and downs than debt funds but the possibility of incurring a loss reduces with an increase in one’s investment horizon.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 0.99 0.19 0.45 2.18 7.03 0.90 0.80 2.94 5.10 6.57 7.43
VR Bond 0.12 0.09 0.10 0.21 1.38 1.81 7.36 7.29 7.20 7.63 7.57
Debt: Medium Duration -0.10 0.04 -0.16 0.11 1.37 3.08 6.99 6.27 7.14 7.76 7.78

As on 20-Jan-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Income Opportunities Fund  | Invest Online Now
Unrated
 Dec-09 0.80 2.94 5.10 0.74 1,721
SBI Magnum Medium Duration Fund  | Invest Online
5 star
 Nov-03 11.55 9.63 10.01 1.26 6,887
ICICI Prudential Medium Term Bond Fund  | Invest Now
4 star
 Sep-04 9.85 8.12 8.20 1.71 6,207
IDFC Bond Fund Medium Term Plan - Regular Plan
4 star
 Jul-03 10.09 8.57 8.09 1.44 4,228
HDFC Medium Term Debt Fund  | Invest Online
4 star
 Feb-02 9.50 8.15 8.26 1.34 2,619

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.25 (24-Mar-2020 - 31-Mar-2020) -6.50 (21-Apr-2020 - 28-Apr-2020)
Month 3.40 (06-Oct-2020 - 05-Nov-2020) -6.88 (31-Mar-2020 - 30-Apr-2020)
Quarter 8.01 (01-Sep-2020 - 01-Dec-2020) -7.26 (07-Jul-2020 - 06-Oct-2020)
Year 12.97 (19-Aug-2013 - 19-Aug-2014) -12.40 (30-Aug-2019 - 31-Aug-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.96 7.27 -0.25 -0.21 1.03 -4.22
VR Bond 7.10 2.02 1.15 1.94 -- --
Debt: Medium Duration 5.38 4.57 0.58 1.08 0.58 -0.73

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Dec-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 33 54 33 37
Modified Duration (yrs) 2.89 3.87 2.75 3.15
Average Maturity (yrs) 4.14 5.73 4.00 3.99
Yield to Maturity (%) 10.84 18.06 10.84 6.14
Avg Credit Rating AA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.25% Piramal Capital & Housing Finance 2027 Bonds/Debentures AA 7.89 - 15.11 14.81
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 6.77 - 12.93 12.50
equal 9.90% Shriram Transport Finance 21/06/2024 Debenture AA+ 4.95 - 8.77 8.75
equal 9.85% DCB Bank 2028 Debenture AA- 3.96 - 7.75 7.12
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2028 Debenture A+ 3.81 - 7.24 6.75
equal Sadbhav Infrastructure Project 2023 Debenture BBB+ 0.00 - 5.67 5.48
equal 10.15% Hinduja Leyland Finance 27/03/2025 Debenture AA- 3.15 - 6.04 5.45
equal Edelweiss Rural & Corporate Services 29/11/2021 Debenture AA- 0.00 - 4.98 4.46
equal 9.60% Renew Wind Energy Delhi 31/03/2023 Debenture A+ 2.31 - 4.27 3.82
equal 10.15% Uttar Pradesh Power Corporation 20/01/2028 Debenture A+ 2.02 - 3.91 3.75
equal 8.90% Vedanta 2021 Non Convertible Debenture AA- 0.00 - 3.86 3.71
equal 10.25% Shriram Transport Finance 26/04/2024 Debenture AA+ 2.03 - 3.56 3.55
equal 10.15% Uttar Pradesh Power Corporation 20/01/2023 Debenture A+ 1.67 - 3.16 2.91
equal Aptus Value Housing Finance India 20/07/2025 Debenture A+ 1.31 - 2.51 2.30
equal 10.25% Star Health & Allied Insurance 2024 Debenture A+ 1.21 - 2.34 2.25
equal 10.15% Uttar Pradesh Power Corporation 20/01/2027 Debenture A+ 1.11 - 2.13 2.03
equal 11.70% Svantantra Microfin 30/11/2023 Debenture A- 1.01 - 1.88 1.71
equal 10.15% Uttar Pradesh Power Corporation 20/01/2022 Debenture A+ 0.81 - 1.53 1.40
equal 9.95% Narmada Wind Energy Pvt. 31/03/2023 Debenture A+ 0.78 - 1.42 1.28
equal Tata Power 21/08/2072 Debenture AA 0.00 - 1.30 1.27
equal 11.10% Hinduja Leyland Finance 2022 Non Convertible Debenture AA- 0.67 - 1.28 1.17
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.65 - 1.25 1.16
equal India Shelter Finance Corporation 2025 Debenture A 1.03 - 1.81 1.10
equal 9.75% Uttar Pradesh Power Corporation 20/10/2022 Debenture A+ 0.50 - 0.94 0.87
equal 9.20% Hinduja Leyland Finance 13/09/2024 Debenture AA- 0.46 - 0.89 0.80

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Dec-2020

Fund Manager

— Kunal Agrawal since 25-Oct-2018

Education: Mr. Agrawal is a B.Tech from IIT Delhi and PGDM from IIM C.

Experience: Prior to joining Franklin India AMC he has worked with Credits- Portfolio Management, CRISIL Ltd., IBM Ltd. & Infosys Ltd.

Funds Managed:

— Santosh Kamath since 15-Apr-2014

Education: Mr. Kamath is a B.E ( Electronics ) from REC Bhopal and PGDM (Management) from XLRI Jamshedpur.

Experience: Prior to joining Franklin Templeton Investments he has worked with ING Vysya AMC, Zurich Asset Management, SBI Mutual, CRISIL and Jardine Fleming Asset Management.

Interviews:

Funds Managed:

0.19%

Change from previous, NAV as on 20-Jan-2021

Growth: ₹ 22.1362

Dividend: ₹ 10.2624

Investment Strategy

The scheme aims to generate regular income by investing in fixed income securities across the yield curve.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load For units in excess of 10% of the investment,3% will be charged for redemption within 365 days
For units in excess of 10% of the investment,2% will be charged for redemption between 366 - 540 days
For units in excess of 10% of the investment,1% will be charged for redemption between 541 - 730 days

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 11-Dec-2009
Return Since Launch: 7.41%
Benchmark: NIFTY Medium Duration
Riskometer: Very High
Type: Open-ended
Assets: ₹ 1,721 Cr (As on 31-Dec-2020)
Expense: 0.74% (As on 30-Nov-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend20-Dec-20190.1585

 20-Sep-20190.1585
 21-Jun-20190.1585
 22-Mar-20190.1585
 21-Dec-20180.1585
 21-Sep-20180.1585
 15-Jun-20180.1585
 16-Mar-20180.1589
 15-Dec-20170.1589
 15-Sep-20170.1589
 16-Jun-20170.1589
 17-Mar-20170.1589
 16-Dec-20160.1589
 16-Sep-20160.1589
 17-Jun-20160.1589
 28-Mar-20160.1625
 18-Dec-20150.1625
 18-Sep-20150.1625
 19-Jun-20150.1625
 20-Mar-20150.1633
 19-Dec-20140.1633
 19-Sep-20140.1753
 20-Jun-20140.1753
 21-Mar-20140.2338
 27-Dec-20130.2727

Contact Information

AMC: Franklin Templeton Asset Management India Private Ltd

Address: Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone Road (West) Mumbai - 400013

Phone: 1800-425-4255 / 60004255

Email: [email protected]

Website: http://www.franklintempletonindia.com

Registrar & Transfer Agent: Franklin Templeton Asset Management (India) Pvt. Ltd.

Address: Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi Chennai - 600096

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