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Franklin India Government Securities Fund

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Debt: Gilt

1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 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 sharper ups and downs because of changes in interest rates.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 7.62 0.19 0.69 0.89 5.57 7.53 8.81 5.43 7.54 7.40 7.49
CCIL All Sovereign Bond - TRI 10.17 0.27 0.78 1.57 6.56 9.96 11.66 9.72 10.38 9.61 9.27
Debt: Gilt 8.99 0.23 0.80 1.29 6.63 9.07 11.00 8.07 9.23 8.71 8.87
Rank within category 22 21 24 23 24 22 22 25 23 21 19
Number of funds in category 25 25 25 25 25 25 25 25 24 22 20

As on 10-Jul-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 8.81 5.43 7.54 1.16 304
SBI Magnum Gilt Fund  | Invest Online
4 star
 Dec-00 12.57 8.78 10.24 0.95 3,415
Nippon India Gilt Securities Fund  | Invest Online
5 star
 Jul-03 12.35 9.45 10.66 1.59 1,452
Nippon India Gilt Securities PF
5 star
 Aug-08 12.36 9.45 10.66 1.71 1,452
IDFC Government Securities Fund - Investment Plan - Regular Plan
4 star
 Dec-08 14.37 9.97 10.45 1.16 1,066

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 5.28 4.62 0.00 -0.01 0.90 -3.47
CCIL All Sovereign Bond - TRI 9.12 4.76 0.80 1.80 -- --
Debt: Gilt 7.61 3.92 0.60 1.38 0.76 -0.59
Rank within category 24 25 24 24 25 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 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 6 6 1 9
Modified Duration (yrs) 3.26 7.64 1.53 --
Average Maturity (yrs) 4.37 11.82 2.19 --
Yield to Maturity (%) 4.55 6.87 4.55 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new Reserve Bank of India 84-D 20/08/2020 Treasury Bills SOV 0.00 - 39.35 39.35
new 5.79% GOI 2030 GOI Securities SOV 0.00 - 25.18 25.18
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 35.52 6.80
new Reserve Bank of India 182-D 06/08/2020 Treasury Bills SOV 0.00 - 6.57 6.57
new Reserve Bank of India 91-D 27/08/2020 Treasury Bills SOV 0.00 - 4.26 4.26
new 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 83.45 1.07

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 30-Jun-2020

*As on 31-May-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
0.19%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 47.1778

Dividend Quarterly: ₹ 11.0706

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: 8.70%
Benchmark: I-SEC Li-BEX
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 304 Cr (As on 30-Jun-2020)
Expense: 1.16% (As on 31-May-2020)
Risk Grade: High
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly19-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
 20-Jun-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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