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Franklin India Savings Fund - Retail Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Money Market debt funds invest in bonds with maturity of up to 1 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 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 0.91 0.06 0.09 0.53 1.45 3.37 8.13 7.61 7.82 8.18 8.16
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Money Market 0.87 0.05 0.09 0.50 1.40 3.25 7.37 6.97 7.39 7.87 7.95
Rank within category 4 2 5 3 5 3 1 1 2 2 2
Number of funds in category 16 16 16 16 16 16 15 12 12 12 11

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.59 (29-Aug-2013 - 05-Sep-2013) -0.52 (09-Jul-2013 - 16-Jul-2013)
Month 1.46 (30-Aug-2013 - 01-Oct-2013) -0.23 (24-Jun-2013 - 24-Jul-2013)
Quarter 3.24 (20-Aug-2013 - 19-Nov-2013) 0.84 (21-May-2013 - 20-Aug-2013)
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 7.36 0.59 2.85 5.67 1.60 4.26
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Money Market 6.81 0.70 2.74 6.85 0.99 2.74
Rank within category 1 12 9 9 14 1
Number of funds in category 15 15 15 15 15 15

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 55 58 19 41
Modified Duration (yrs) 0.32 0.77 0.32 0.34
Average Maturity (yrs) 0.34 0.83 0.34 0.33
Yield to Maturity (%) 5.70 7.87 5.52 5.72

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 76-D 17/03/2020 Cash Management Bill SOV 0.00 - 6.81 6.81
equal L&T Infrastructre Finance 138-D 16/03/2020 Commercial Paper A1+ 0.00 - 6.85 5.24
equal Reliance Industries 112-D 09/03/2020 Commercial Paper A1+ 0.00 - 4.20 4.20
equal Larsen & Toubro 182-D 28/02/2020 Commercial Paper A1+ 0.00 - 4.82 3.68
equal Hero FinCorp 364-D 30/10/2020 Commercial Paper A1+ 0.00 - 3.61 3.61
equal 8.08% Odisha State 2020 State Development Loan SOV 0.00 - 3.62 3.60
equal ICICI Bank 17/07/2020 Certificate of Deposit A1+ 0.00 - 7.45 3.60
equal Kotak Mahindra Prime 344-D 27/11/2020 Commercial Paper A1+ 0.00 - 3.50 3.50
equal LIC Housing Fin. 344-D 28/05/2020 Commercial Paper A1+ 0.00 - 6.00 3.31
equal L&T Infrastructre Finance 364-D 17/11/2020 Commercial Paper A1+ 0.00 - 3.00 3.00
equal National Bank Agr. Rur. Devp 13/03/2020 Commercial Paper A1+ 0.00 - 6.93 2.83
equal Aditya Birla Finance 291-D 13/03/2020 Commercial Paper A1+ 0.00 - 2.62 2.62
equal SIDBI 15/05/2020 Securitised Debt A1+ 0.00 - 4.71 2.59
equal Axis Bank 28/10/2020 Certificate of Deposit A1+ 0.00 - 2.52 2.52
equal Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 9.05 2.19
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 4.94 2.07
equal HDFC 358-D 10/07/2020 Commercial Paper A1+ 0.00 - 4.65 2.05
equal Fullerton India Credit 359-D 15/07/2020 Commercial Paper A1+ 0.00 - 4.61 2.05
equal Fullerton India Credit 365-D 08/12/2020 Commercial Paper A1+ 0.00 - 1.99 1.99
new Reliance Industries 364-D 27/01/2021 Commercial Paper A1+ 0.00 - 1.99 1.99
new Reliance Jio Infocomm 364-D 29/01/2021 Commercial Paper A1+ 0.00 - 1.98 1.98
equal REC 365-D 04/03/2020 Commercial Paper A1+ 0.00 - 6.93 1.68
equal HDFC Bank 2020 Certificate of Deposit A1+ 0.00 - 6.94 1.68
new National Bank Agr. Rur. Devp 310-D 13/03/2020 Commercial Paper A1+ 0.00 - 1.68 1.68
equal HSBC InvestDirect Financial Services India 197-D 27/02/2020 Commercial Paper A1+ 0.00 - 2.84 1.57

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

— 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:


0.06%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 36.7518

Dividend Quarterly: ₹ 10.9549

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Dividend Monthly: ₹ 10.1821

Dividend Daily: ₹ 10.0719


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
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 11-Feb-2002
Return Since Launch: 7.48%
Benchmark: NIFTY Money Market
Riskometer: Moderately Low
Type: Open-ended
Assets: ₹ 4,741 Cr (As on 31-Jan-2020)
Expense: 0.26% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: High

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily20-Feb-20200.0015

 18-Feb-20200.0011
 17-Feb-20200.0033
 14-Feb-20200.0011
 13-Feb-20200.0014
 12-Feb-20200.0012
 11-Feb-20200.0021
 10-Feb-20200.0038
 07-Feb-20200.0020
 06-Feb-20200.0037
 05-Feb-20200.0011
 04-Feb-20200.0012
 03-Feb-20200.0032
 31-Jan-20200.0010
 30-Jan-20200.0011
 29-Jan-20200.0012
 28-Jan-20200.0012
 27-Jan-20200.0031
 24-Jan-20200.0012
 23-Jan-20200.0013
 22-Jan-20200.0011
 21-Jan-20200.0009
 20-Jan-20200.0030
 17-Jan-20200.0011
 16-Jan-20200.0012
Dividend Monthly24-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
 15-Feb-20190.0468
 18-Jan-20190.0468
 21-Dec-20180.0432
 22-Nov-20180.0432
 19-Oct-20180.0396
 21-Sep-20180.0396
 24-Aug-20180.0396
 20-Jul-20180.0360
 15-Jun-20180.0252
 18-May-20180.0324
 20-Apr-20180.0432
 16-Mar-20180.0217
 16-Feb-20180.0469
 19-Jan-20180.0469
Dividend Quarterly20-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
 19-Dec-20140.1597
 19-Sep-20140.1714
 20-Jun-20140.1714
 21-Mar-20140.1559
 27-Dec-20130.1559

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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