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Franklin India Government Securities Fund

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Debt: Gilt

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1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors' money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

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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cal

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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 8.01 -0.15 0.05 0.46 1.87 1.41 7.73 6.18 7.05 8.63 7.56
CCIL All Sovereign Bond - TRI 12.08 0.08 -0.03 0.74 3.34 3.66 12.87 10.37 9.92 10.57 9.29
Debt: Gilt 10.62 -0.15 0.10 0.51 3.14 2.97 10.74 8.82 8.94 9.64 8.92
Rank within category 23 9 20 16 25 25 23 25 23 21 19
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Government Securities Fund  | Invest Online Now
1 star
 Dec-01 7.73 6.18 7.05 1.05 259
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 12.04 9.46 9.90 0.95 4,307
IDFC Government Securities Fund - Investment Plan - Regular Plan
5 star
 Dec-08 13.71 10.86 10.17 1.23 2,105
Nippon India Gilt Securities Fund  | Invest Online
4 star
 Jul-03 11.10 9.97 10.22 1.59 1,931
Nippon India Gilt Securities PF
4 star
 Aug-08 11.12 9.98 10.23 1.71 1,931

Best & Worst Performance

Best (Period) Worst (Period)
Week 6.96 (21-Feb-2003 - 28-Feb-2003) -5.61 (05-Feb-2003 - 12-Feb-2003)
Month 11.80 (18-Nov-2008 - 18-Dec-2008) -8.79 (19-Jul-2013 - 19-Aug-2013)
Quarter 18.22 (29-Sep-2008 - 30-Dec-2008) -12.63 (20-May-2013 - 19-Aug-2013)
Year 31.39 (21-May-2002 - 21-May-2003) -6.66 (08-Sep-2017 - 10-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.69 4.63 0.16 0.25 0.86 -3.20
CCIL All Sovereign Bond - TRI 9.55 5.00 0.91 1.75 -- --
Debt: Gilt 8.24 4.08 0.81 1.54 0.76 -0.18
Rank within category 25 24 25 25 22 25
Number of funds in category 25 25 25 25 25 25

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

As on 31-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 7 7 2 9
Modified Duration (yrs) 6.58 7.64 2.27 7.40
Average Maturity (yrs) 9.29 11.82 2.98 11.99
Yield to Maturity (%) 5.80 6.87 3.99 5.85
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 38.47 38.47
new 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 21.24 21.24
new 7.17% GOI 2028 GOI Securities SOV 0.00 - 14.35 14.35
down 5.77% GOI 2030 GOI Securities SOV 0.00 - 32.07 10.34
equal 7.27% GOI 2026 GOI Securities SOV 6.43 - 29.72 7.97
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 30.12 1.25
down 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 25.17 0.77

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-Oct-2020

Fund Manager

— Sachin Padwal-Desai since 01-Oct-2004

Education: Mr. Desai is a B.E and PGDM from IIM Bangalore.

Experience: Prior to joining Sundaram Mutual Fund he has worked with ICICI Bank, Infosys Technologies and Thermax.

Funds Managed:

— Umesh Sharma since 05-Jul-2010

Education: Mr. Sharma is a B.Com (H), CS and CA.

Experience: Prior to joining Franklin Templeton Mutual Fund he has worked with ICICI Bank Ltd., UTI Mutual Fund, Invesco Mutual Fund and JM Financials.

Funds Managed:

Invest Online Now
-0.15%

Change from previous, NAV as on 27-Nov-2020

Growth: ₹ 47.3495

Dividend Quarterly: ₹ 10.8879

Investment Strategy

The Scheme seeks to generate return through investments in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the central Government and / or State Government for repayment of Principal and Interest.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 5,000
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 07-Dec-2001
Return Since Launch: 8.53%
Benchmark: I-SEC Li-BEX
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 259 Cr (As on 31-Oct-2020)
Expense: 1.05% (As on 31-Oct-2020)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly18-Sep-20200.2035

 19-Jun-20200.2035
 20-Mar-20200.1585
 20-Dec-20190.1585
 20-Sep-20190.1585
 21-Jun-20190.1585
 22-Mar-20190.1441
 21-Dec-20180.1441
 21-Sep-20180.1441
 15-Jun-20180.1441
 16-Mar-20180.1517
 15-Dec-20170.1625
 15-Sep-20170.1625
 16-Jun-20170.1625
 17-Mar-20170.1625
 16-Dec-20160.1625
 16-Sep-20160.1625
 17-Jun-20160.1625
 28-Mar-20160.1625
 18-Dec-20150.1625
 18-Sep-20150.1625
 19-Jun-20150.1625
 20-Mar-20150.1669
 19-Dec-20140.1669
 19-Sep-20140.1714

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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