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Unrated

Franklin India Short Term Income Plan - Retail Plan


1 Lakh

Investment declined to
₹ 0.93 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.12 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

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 like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is to build wealth in the long run.

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 -8.47 0.57 0.56 -3.29 -6.19 -9.06 -6.97 2.83 5.13 6.36 7.15
CCIL T Bill Liquidity Weight 1.78 0.11 0.16 0.35 1.22 2.09 4.36 4.26 4.43 4.75 4.78
Debt: Short Duration 3.34 0.32 0.74 0.52 1.56 3.67 5.38 5.69 6.58 7.08 7.48

As on 22-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 2.71 (24-Mar-2020 - 31-Mar-2020) -4.49 (09-Jan-2020 - 16-Jan-2020)
Month 3.33 (24-Mar-2020 - 23-Apr-2020) -6.11 (20-Feb-2020 - 23-Mar-2020)
Quarter 5.17 (20-Nov-2008 - 19-Feb-2009) -8.26 (24-Dec-2019 - 24-Mar-2020)
Year 14.93 (28-Nov-2008 - 30-Nov-2009) -7.50 (22-May-2019 - 21-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.74 4.38 -0.62 -0.51 -0.69 -3.64
CCIL T Bill Liquidity Weight 4.16 0.26 -5.00 -9.29 -- --
Debt: Short Duration 5.37 3.15 0.44 0.94 2.51 3.19

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

As on 30-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 101 156 101 51
Modified Duration (yrs) 2.36 2.36 1.84 --
Average Maturity (yrs) 3.21 3.21 2.44 --
Yield to Maturity (%) 18.53 18.53 11.27 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 10.25% Shriram Transport Finance 26/04/2024 Debenture AA+ 5.07 - 12.30 12.30
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 6.90 6.90
equal 11.90% Rishanth Wholesale Trading 20/10/2023 Debenture A 2.64 - 6.58 6.58
equal 8.70% Edelweiss Agri Value Chain 30/06/2027 Debenture AA- 0.00 - 5.76 5.76
equal 11.50% SD Corporation 2022 Debenture AA 0.00 - 5.73 5.73
equal Renew Power 31/07/2025 Debenture A+ 1.85 - 4.56 4.56
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2025 Debenture A+ 1.66 - 4.11 4.11
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2024 Debenture A+ 1.61 - 3.96 3.96
equal 12.30% Sterlite Power Grid Ventures 28/03/2022 Debenture A 0.00 - 3.93 3.93
equal Edelweiss Rural & Corporate Services 29/11/2021 Debenture AA- 0.00 - 3.78 3.78
equal 10.25% Star Health & Allied Insurance 2024 Debenture A+ 0.00 - 2.64 2.64
equal 9.60% Narmada Wind Energy Pvt. 31/03/2023 Debenture A+ 1.13 - 2.63 2.63
equal Vivriti Capital 19/03/2021 Debenture A- 1.03 - 2.61 2.61
equal 10.15% Uttar Pradesh Power Corporation 20/01/2022 Debenture A+ 1.00 - 2.44 2.44
equal Aptus Value Housing Finance India 20/08/2025 Debenture A+ 0.00 - 2.24 2.24
equal 7.91% PNB Housing Finance 29/03/2022 Debenture AA+ 0.00 - 2.20 2.20
equal 9.90% Shriram Transport Finance 21/06/2024 Debenture AA+ 0.89 - 2.19 2.19
equal 12.40% JM Fin Asset Reconstruction co 2022 Debenture AA- 0.00 - 2.19 2.19
equal Renew Power 28/09/2022 Debenture A+ 0.86 - 2.17 2.17
equal 12.64% Five-Star Business Finance 16/04/2022 Debenture A 0.86 - 2.15 2.15
equal 12.25% DLF 2020 Debenture A+ 0.19 - 1.04 2.09
equal 9.60% Renew Wind Energy Delhi 31/03/2023 Debenture A+ 0.87 - 2.07 2.07
equal Ess Kay Fincorp 2023 Debenture A 0.00 - 1.91 1.91
equal 10.90% Ess Kay Fincorp 2021 Debenture A 0.37 - 0.93 1.87
equal 8.70% Edelweiss Rural & Corporate Services 30/06/2027 Debenture AA- 0.00 - 1.86 1.86

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-Apr-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:


0.57%

Change from previous, NAV as on 22-May-2020

Growth: ₹ 3,728.7961

Dividend Weekly: ₹ 942.4330

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Dividend Quarterly: ₹ 1,082.4337

Dividend Monthly: ₹ 1,040.4924


Investment Strategy

The scheme aims to generate stable returns by investing in fixed income securities with shorter maturity periods likely to be less than three years. , the average maturity of the portfolio of the scheme is likely to be between 4 months and 12 months, and the maturity of individual securities in the scheme is likely to be less than 3 years.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 5,000
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,0.5% will be charged for redemption within 365 days

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 31-Jan-2002
Return Since Launch: 7.45%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 5,316 Cr (As on 30-Apr-2020)
Expense: 0.81% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly17-Apr-20205.4000

 20-Mar-20205.0423
 20-Feb-20205.4024
 24-Jan-20205.5825
 20-Dec-20195.9427
 22-Nov-20195.9427
 18-Oct-20195.9427
 20-Sep-20195.9427
 23-Aug-20195.9427
 19-Jul-20195.9427
 21-Jun-20195.9427
 24-May-20195.9427
 18-Apr-20195.9427
 22-Mar-20195.9427
 15-Feb-20195.9427
 18-Jan-20195.9427
 21-Dec-20185.9427
 22-Nov-20185.9427
 19-Oct-20185.9427
 21-Sep-20185.9427
 24-Aug-20185.9427
 20-Jul-20185.9427
 15-Jun-20185.9427
 18-May-20185.9427
 20-Apr-20185.9427
Dividend Quarterly20-Mar-202015.8471

 20-Dec-201918.0081
 20-Sep-201918.0081
 21-Jun-201918.0081
 22-Mar-201918.0081
 21-Dec-201818.0081
 21-Sep-201818.0081
 15-Jun-201818.0081
 16-Mar-201818.0566
 15-Dec-201718.0566
 15-Sep-201718.0566
 16-Jun-201718.0566
 17-Mar-201718.0566
 16-Dec-201617.6955
 16-Sep-201617.6955
 17-Jun-201617.6955
 28-Mar-201617.6955
 18-Dec-201517.6955
 18-Sep-201517.6955
 19-Jun-201517.6955
 20-Mar-201517.4208
 19-Dec-201417.0578
 19-Sep-201417.5336
 20-Jun-201417.1440
 21-Mar-201415.5854
Dividend Weekly28-Feb-20200.0692

 20-Feb-20200.5485
 14-Feb-20200.4093
 07-Feb-20205.8301
 31-Jan-20202.2787
 24-Jan-20202.2847
 10-Jan-20201.2536
 03-Jan-20202.8085
 27-Dec-20191.3376
 20-Dec-20192.2549
 29-Nov-20190.6695
 22-Nov-20190.4640
 15-Nov-20192.3959
 08-Nov-20190.9703
 01-Nov-20190.3339
 25-Oct-20191.6059
 11-Oct-20191.8720
 27-Sep-20191.2640
 13-Sep-20190.4604
 06-Sep-20192.0245
 23-Aug-20190.9773
 09-Aug-20191.3131
 02-Aug-20190.0349
 19-Jul-20190.8786
 12-Jul-20192.9332
Bonus12-Oct-20136.0000

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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Debt funds and the crisis

dateFriday, 29-May-2020
time12:30 PM - 01:00 PM