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Franklin India Low Duration Fund

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Debt: Low Duration

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1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Suitability:

Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to a year in a Liquid fund.

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 0.59 0.05 0.28 1.13 4.59 7.61 8.98 5.10 6.62 7.55 8.25
CCIL T Bill Liquidity Weight 0.05 0.02 0.02 0.13 0.50 1.08 2.99 3.79 4.02 4.44 4.70
Debt: Low Duration 0.05 0.03 -0.03 0.20 0.99 2.27 6.01 5.01 5.97 6.55 7.40

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 Low Duration Fund  | Invest Online Now
Unrated
 Feb-00 8.98 5.10 6.62 0.43 2,578
ICICI Prudential Savings Fund  | Invest Now
5 star
 Sep-02 8.27 8.13 8.09 0.55 29,895
Aditya Birla Sun Life Low Duration Fund  | Invest Online
4 star
 May-98 7.26 7.57 7.50 1.22 19,972
SBI Magnum Low Duration Fund  | Invest Online
4 star
 Jul-07 6.39 7.39 7.41 1.01 16,320
Kotak Low Duration Fund - Standard Plan  | Invest Online
4 star
 Mar-08 7.49 7.74 7.86 1.15 11,678

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.98 (24-Mar-2020 - 31-Mar-2020) -6.74 (13-Jan-2020 - 20-Jan-2020)
Month 2.59 (24-Nov-2020 - 24-Dec-2020) -5.99 (18-Dec-2019 - 17-Jan-2020)
Quarter 4.75 (07-Oct-2020 - 06-Jan-2021) -9.21 (24-Dec-2019 - 24-Mar-2020)
Year 10.91 (26-Feb-2016 - 27-Feb-2017) -6.78 (25-Mar-2019 - 24-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.02 4.53 0.06 0.04 -1.71 -1.44
CCIL T Bill Liquidity Weight 3.78 0.34 -2.89 -5.80 -- --
Debt: Low Duration 5.18 4.37 1.30 2.57 -0.67 -0.25

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 32 59 32 60
Modified Duration (yrs) 0.45 1.12 0.45 0.76
Average Maturity (yrs) 0.74 1.46 0.74 0.89
Yield to Maturity (%) 7.01 12.61 7.01 4.11
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 11.50% JM Fin Asset Reconstruction co 29/03/2022 Debenture AA- 3.62 - 6.19 5.70
equal 11.50% JM Fin Asset Reconstruction co 29/05/2022 Debenture AA- 3.14 - 5.36 4.94
equal Ess Kay Fincorp 2023 Debenture A 3.90 - 8.67 3.90
equal Edelweiss Rural & Corporate Services 29/11/2021 Debenture A+ 0.00 - 4.17 3.84
equal 9.23% Talwandi Sabo Power 30/07/2021 Debenture AA 2.45 - 4.14 3.83
equal Tata Power 21/08/2072 Debenture AA 0.00 - 3.31 3.24
equal Clix Capital Services 27/06/2023 Debenture A+ 0.00 - 2.68 2.51
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 1.23 - 2.13 1.94
equal 10.25% Shriram Transport Finance 27/12/2024 Non Convertible Debenture AA+ 1.18 - 1.91 1.90
equal Hero Wind Energy 15/08/2021 Debenture A 1.06 - 1.93 1.89
equal Shriram Transport Finance 31/05/2021 Debenture AA+ 0.70 - 1.23 1.22
equal Sadbhav Infrastructure Project 23/04/2023 Debenture BBB+ 0.00 - 1.19 1.19
equal 9.75% Uttar Pradesh Power Corporation 20/10/2021 Debenture A+ 0.73 - 1.25 1.17
equal 10.25% lnCred Financial Services 26/04/2021 Debenture A 0.72 - 1.26 1.16
equal 10.15% Uttar Pradesh Power Corporation 20/01/2021 Debenture A+ 1.07 - 4.02 1.07
equal 11.30% Hinduja Leyland Finance 21/07/2021 Debenture AA- 0.61 - 1.05 0.98
equal 9.90% Shriram Transport Finance 21/06/2024 Debenture AA+ 0.58 - 0.96 0.94
down Indostar Capital Finance 2021 Debenture AA- 0.75 - 2.22 0.75
equal 10.15% Uttar Pradesh Power Corporation 20/01/2022 Debenture A+ 0.43 - 0.73 0.68
equal 8.70% Edelweiss Agri Value Chain 30/06/2027 Debenture A+ 0.00 - 0.84 0.66
equal 9.60% Renew Wind Energy Delhi 31/03/2023 Debenture A+ 0.39 - 0.67 0.60
equal 9.00% Five-Star Business Finance 28/03/2023 Debenture A 0.36 - 0.62 0.58
equal 9.50% Piramal Capital & Housing Finance 21/04/2022 Debenture AA 0.28 - 0.49 0.47
equal 9.95% Narmada Wind Energy Pvt. 31/03/2023 Debenture A+ 0.27 - 0.45 0.41
equal 9.70% Xander Finance Pvt. Ltd. 15/03/2021 Debenture A+ 0.39 - 0.85 0.39

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 15-Apr-2014

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:

0.05%

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

Growth: ₹ 22.7883

Dividend Quarterly: ₹ 10.3200

Dividend Monthly: ₹ 10.5077

Investment Strategy

The Scheme seeks to earn regular income for investors through investment primarily highly rated debt securities. in debt securities.

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 (₹) --
Exit Load 0.5% for redemption within 90 days

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 07-Feb-2000
Return Since Launch: 8.16%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2,578 Cr (As on 31-Dec-2020)
Expense: 0.43% (As on 30-Nov-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly20-Dec-20190.0504

 22-Nov-20190.0504
 18-Oct-20190.0504
 20-Sep-20190.0504
 23-Aug-20190.0504
 19-Jul-20190.0504
 21-Jun-20190.0504
 24-May-20190.0576
 18-Apr-20190.0576
 22-Mar-20190.0576
 15-Feb-20190.0468
 18-Jan-20190.0540
 21-Dec-20180.0540
 22-Nov-20180.0540
 19-Oct-20180.0360
 21-Sep-20180.0396
 24-Aug-20180.0576
 20-Jul-20180.0576
 15-Jun-20180.0288
 18-May-20180.0144
 20-Apr-20180.0612
 16-Mar-20180.0361
 16-Feb-20180.0506
 19-Jan-20180.0506
 15-Dec-20170.0506
Dividend Quarterly20-Dec-20190.1080

 20-Sep-20190.1441
 21-Jun-20190.1441
 22-Mar-20190.1729
 21-Dec-20180.1621
 21-Sep-20180.1621
 15-Jun-20180.1333
 16-Mar-20180.0939
 15-Dec-20170.1445
 15-Sep-20170.1770
 16-Jun-20170.1445
 17-Mar-20170.1445
 16-Dec-20160.2022
 16-Sep-20160.1950
 17-Jun-20160.1950
 28-Mar-20160.1445
 18-Dec-20150.1697
 18-Sep-20150.1733
 19-Jun-20150.1661
 20-Mar-20150.1691
 19-Dec-20140.1800
 19-Sep-20140.1753
 20-Jun-20140.2104
 21-Mar-20140.1753
 27-Dec-20130.2104

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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