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Franklin India Low Duration Fund


1 Lakh

Investment declined to
₹ 0.99 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.15 Lakh

Analyst's Choice?

Suitability:

Low Duration debt funds invest in bonds maturing in 6 months to 1 year time. 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 3 months maturity, from the one that invests in bonds maturing in 3-6 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 the next one 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 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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(₹)
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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 -5.02 0.05 0.21 1.31 -6.04 -4.89 -1.38 4.95 6.88 7.74 --
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 4.78 --
Debt: Low Duration 0.83 0.02 0.03 0.67 1.16 2.67 2.11 5.24 6.32 7.04 --
Rank within category 26 2 1 1 26 25 18 18 13 10 --
Number of funds in category 26 26 26 26 26 26 26 26 24 23 16

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.57 (29-Mar-2016 - 05-Apr-2016) -6.74 (13-Jan-2020 - 20-Jan-2020)
Month 1.35 (11-Mar-2016 - 12-Apr-2016) -5.99 (18-Dec-2019 - 17-Jan-2020)
Quarter 3.05 (20-Aug-2013 - 19-Nov-2013) -6.79 (17-Oct-2019 - 16-Jan-2020)
Year 10.91 (26-Feb-2016 - 27-Feb-2017) -2.01 (16-Jan-2019 - 16-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.84 3.97 -0.21 -0.12 3.96 5.54
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Low Duration 5.08 3.25 0.69 1.45 1.93 2.52
Rank within category 17 17 17 20 25 1
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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 59 95 59 52
Modified Duration (yrs) 0.92 0.97 0.71 0.74
Average Maturity (yrs) 1.20 1.24 0.85 0.92
Yield to Maturity (%) 10.31 12.34 10.24 6.93

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 10.75% Greenko Clean Energy Projects 2020 Debenture A+ 4.24 - 7.39 7.39
equal 9.40% Small Business Fincredit 28/09/2020 Debenture A 3.42 - 6.07 6.07
equal 9.60% Renew Power 26/02/2021 Debenture A+ 3.05 - 5.32 5.32
equal Tata Realty and Infrastructure 359-D 30/10/2020 Commercial Paper A1+ 0.00 - 4.97 4.97
equal Ess Kay Fincorp 2023 Debenture A 0.00 - 4.81 4.81
equal Tata Projects 299-D 22/06/2020 Commercial Paper A1+ 0.00 - 4.77 4.77
equal Renew Solar Power 2022 Debenture A+ 2.11 - 3.76 3.76
equal 11.50% JM Fin Asset Reconstruction co 29/03/2022 Debenture AA- 0.00 - 3.62 3.62
equal 12.30% Sterlite Power Grid Ventures 28/03/2022 Debenture A+ 0.00 - 3.57 3.57
equal Essel Infraprojects 22/05/2020 Structured Obligation C 0.00 - 3.41 3.41
equal 11.50% JM Fin Asset Reconstruction co 29/05/2022 Debenture AA- 0.00 - 3.14 3.14
equal 10.15% Uttar Pradesh Power Corporation 20/01/2021 Debenture A+ 1.54 - 2.70 2.70
equal 9.23% Talwandi Sabo Power 30/07/2021 Debenture AA 0.00 - 2.45 2.45
equal Edelweiss Rural & Corporate Services 29/11/2021 Debenture AA- 0.00 - 2.44 2.44
equal Motilal Oswal Home Finance 24/08/2023 Debenture AA- 0.00 - 2.25 2.25
equal Shriram Transport Finance 2021 Non Convertible Debenture AA+ 0.00 - 2.23 2.23
equal Indostar Capital Finance 2021 Debenture AA- 1.20 - 2.08 2.08
equal Tata Power 21/08/2072 Debenture AA- 0.00 - 2.00 2.00
equal 7.50% Tata Motors 20/10/2021 Debenture AA- 0.00 - 1.92 1.92
equal Sadbhav Infrastructure Project 23/04/2023 Debenture A 0.00 - 1.75 1.75
equal Clix Capital Services 27/06/2023 Debenture AA- 0.91 - 1.59 1.59
equal 11.25% Aadarshini Real Estate Developers 29/07/2020 Debenture A+ 0.00 - 1.48 1.48
equal 11.50% SD Corporation 2022 Debenture AA 0.00 - 1.45 1.45
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 1.23 1.23
equal Pune Solapur Expressways 31/03/2029 Debenture A 0.00 - 1.22 1.22

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-Jan-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-Feb-2020

Growth: ₹ 21.1841

Dividend Quarterly: ₹ 9.5934

Dividend Monthly: ₹ 9.7680


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: 26-Jul-2010
Return Since Launch: 8.15%
Benchmark: NIFTY Low Duration Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 4,079 Cr (As on 31-Jan-2020)
Expense: 0.88% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average

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: 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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