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4 star

Franklin India Savings Fund - Retail Plan


Debt: Money Market

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Money Market debt funds invest in bonds with a maturity of up to one 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 over the said timeframe is low but they do not guarantee returns or safety of capital.

Such funds are usually more suited to institutional investors. 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.

If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable 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 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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(₹)
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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 0.99 0.00 0.05 0.38 0.90 1.70 5.17 6.90 7.13 7.55 8.03
CCIL T Bill Liquidity Weight 0.54 0.02 0.02 0.20 0.49 0.99 2.47 3.65 3.86 4.33 4.65
Debt: Money Market 0.98 0.01 0.06 0.38 0.89 1.71 5.04 6.50 6.73 7.26 7.89
Rank within category 11 17 10 11 11 10 10 5 2 2 4
Number of funds in category 18 18 18 18 18 17 17 13 12 12 12

As on 16-Apr-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Savings Fund - Retail Plan  | Invest Online Now
4 star
Feb-02 5.17 6.90 7.13 0.28 1,163
Aditya Birla Sun Life Money Manager Fund  | Invest Online
5 star
Oct-05 5.88 7.18 7.13 0.30 11,383
HDFC Money Market Fund  | Invest Online
5 star
Nov-99 5.91 7.02 6.92 0.35 11,249
ICICI Prudential Money Market Fund  | Invest Now
4 star
Mar-06 5.64 6.89 6.93 0.33 9,655
Axis Money Market Fund - Regular Plan
4 star
Aug-19 5.51 -- -- 0.31 2,162

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.56 24-Mar-2020 - 31-Mar-2020 -1.05 17-Mar-2020 - 24-Mar-2020
Month 2.24 24-Mar-2020 - 23-Apr-2020 -0.63 25-Feb-2020 - 26-Mar-2020
Quarter 3.74 24-Mar-2020 - 24-Jun-2020 0.13 24-Dec-2019 - 24-Mar-2020
Year 10.10 20-Aug-2013 - 20-Aug-2014 4.76 27-Oct-2003 - 26-Oct-2004

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.77 0.78 2.96 6.08 1.56 3.66
CCIL T Bill Liquidity Weight 3.60 0.37 -2.39 -5.59 -- --
Debt: Money Market 6.50 1.10 2.58 5.07 1.41 3.26
Rank within category 5 10 7 6 13 2
Number of funds in category 14 14 14 14 14 14

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

As on 31-Mar-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 20 27 20 33
Modified Duration (yrs) 0.62 0.62 0.12 0.42
Average Maturity (yrs) 0.65 0.65 0.12 0.43
Yield to Maturity (%) 3.78 5.79 3.09 3.74
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
new Reserve Bank of India 364-D 24/03/2022 Treasury Bills SOV 0.00 - 12.44 12.44
new 8.20% GOI 15/02/2022 Central Government Loan SOV 0.00 - 8.92 8.92
new Reserve Bank of India 364-D 30/03/2022 Treasury Bills SOV 0.00 - 8.29 8.29
new 8.79% GOI 2021 Central Government Loan SOV 0.00 - 4.43 4.43
equal Axis Bank 23/12/2021 Certificate of Deposit A1+ 0.00 - 4.37 4.30
equal Reliance Retail Ventures 89-D 12/05/2021 Commercial Paper A1+ 0.00 - 4.31 4.28
equal LIC Housing Fin. 160-D 20/07/2021 Commercial Paper A1+ 0.00 - 4.28 4.25
new Reliance Industries 177-D 12/08/2021 Commercial Paper A1+ 0.00 - 4.24 4.24
equal ICICI Securities 176-D 11/08/2021 Commercial Paper A1+ 0.00 - 4.26 4.24
new Export-Import Bank 14/12/2021 Certificate of Deposit A1+ 0.00 - 4.19 4.19
equal Kotak Mahindra Bank 25/02/2022 Certificate of Deposit A1+ 0.00 - 4.17 4.15
new HDFC-Warrant 342-D 28/02/2022 Commercial Paper A1+ 0.00 - 4.14 4.14
equal Bajaj Housing Finance 365-D 24/02/2022 Commercial Paper A1+ 0.00 - 4.16 4.14
new SIDBI 18/03/2022 Commercial Paper A1+ 0.00 - 4.14 4.14
equal Power Finance Corp. 358-D 30/07/2021 Commercial Paper A1+ 0.00 - 5.96 2.13
new SBI Cards & Payments Services 2021 Commercial Paper A1+ 0.00 - 2.10 2.10
equal National Bank Agr. Rur. Devp 2022 Commercial Paper A1+ 0.00 - 2.09 2.08
equal National Bank Agr. Rur. Devp 24/02/2022 Commercial Paper A1+ 0.00 - 2.08 2.08
new Bajaj Finance 365-D 16/02/2022 Commercial Paper A1+ 0.00 - 2.07 2.07
equal Aditya Birla Finance 30/04/2021 Commercial Paper A1+ 0.00 - 0.86 0.86

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 31-Mar-2021

Fund Manager

— Pallab Roy since 20-Jun-2008

Education: Mr. Roy is a M.Com and MBA (Finance).

Experience: He has been associated with Franklin Templeton Investments since 2001.

Funds Managed:

— Umesh Sharma since 25-Oct-2018

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:


0.00%

Change from previous, NAV as on 16-Apr-2021

Growth: ₹ 38.9888

IDCW Quarterly: ₹ 10.4922

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IDCW Monthly: ₹ 10.1438

IDCW Daily: ₹ 10.1088


Investment Strategy

The Scheme seeks to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.

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 (₹) 2,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 11-Feb-2002
Return Since Launch: 7.35%
Benchmark: NIFTY Money Market TRI
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 1,163 Cr (As on 31-Mar-2021)
Expense: 0.28% (As on 28-Feb-2021)
Risk Grade: --
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily12-Apr-20210.0015

 09-Apr-20210.0016
 06-Apr-20210.0043
 05-Apr-20210.0053
 31-Mar-20210.0021
 30-Mar-20210.0047
 26-Mar-20210.0022
 25-Mar-20210.0015
 22-Mar-20210.0034
 19-Mar-20210.0031
 18-Mar-20210.0012
 17-Mar-20210.0008
 16-Mar-20210.0010
 15-Mar-20210.0022
 12-Mar-20210.0016
 10-Mar-20210.0016
 09-Mar-20210.0007
 08-Mar-20210.0022
 05-Mar-20210.0007
 04-Mar-20210.0008
 03-Mar-20210.0008
 02-Mar-20210.0008
 01-Mar-20210.0024
 26-Feb-20210.0005
 25-Feb-20210.0010
IDCW Monthly19-Mar-20210.0300

 18-Feb-20210.0400
 22-Jan-20210.0400
 18-Dec-20200.0400
 20-Nov-20200.0400
 23-Oct-20200.0350
 18-Sep-20200.0324
 21-Aug-20200.0509
 24-Jul-20200.0601
 19-Jun-20200.0601
 22-May-20200.0601
 17-Apr-20200.0585
 20-Mar-20200.0468
 20-Feb-20200.0468
 24-Jan-20200.0468
 20-Dec-20190.0468
 22-Nov-20190.0468
 18-Oct-20190.0468
 20-Sep-20190.0468
 23-Aug-20190.0468
 19-Jul-20190.0468
 21-Jun-20190.0468
 24-May-20190.0468
 18-Apr-20190.0468
 22-Mar-20190.0468
IDCW Quarterly19-Mar-20210.2200

 18-Dec-20200.2200
 18-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-20190.1585
 21-Dec-20180.1585
 21-Sep-20180.1585
 15-Jun-20180.1585
 16-Mar-20180.1589
 15-Dec-20170.1589
 15-Sep-20170.1589
 16-Jun-20170.1589
 17-Mar-20170.1589
 16-Dec-20160.1589
 16-Sep-20160.1589
 17-Jun-20160.1589
 28-Mar-20160.1589
 18-Dec-20150.1589
 18-Sep-20150.1589
 19-Jun-20150.1589
 20-Mar-20150.1597

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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