1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
Credit risk funds invest mainly in bonds which are rated AA or below by credit rating agencies. The lower rating indicates a higher possibility of these bonds defaulting on repayment of investors' money. Therefore, these funds are the riskiest among debt fund categories. But they compensate for this additional risk with a higher return potential as these bonds offer better rates of interest than the highest rated bonds.
However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
Taxability of earnings:
Capital gains
Dividends
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YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
---|---|---|---|---|---|---|---|---|---|---|---|
Fund | 0.79 | 0.15 | 0.23 | 1.68 | 5.77 | 7.31 | 5.14 | 4.15 | 5.85 | 7.14 | -- |
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 | -- |
Debt: Credit Risk | 0.18 | 0.04 | -0.04 | 0.44 | 1.77 | 4.15 | 0.46 | 1.30 | 3.79 | 6.01 | -- |
As on 20-Jan-2021
Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
---|---|---|---|---|---|---|---|
Franklin India Credit Risk Fund | Invest Online Now | Dec-11 | 5.14 | 4.15 | 5.85 | 0.64 | 3,638 | |
ICICI Prudential Credit Risk Fund | Invest Now | Dec-10 | 9.46 | 8.58 | 8.39 | 1.65 | 6,735 | |
HDFC Credit Risk Debt Fund - Regular Plan | Invest Online | Mar-14 | 10.65 | 8.27 | 8.47 | 1.57 | 6,601 | |
SBI Credit Risk Fund | Invest Online | Jul-04 | 9.18 | 7.34 | 7.86 | 1.56 | 3,671 | |
Kotak Credit Risk Fund Regular Plan | Invest Online | May-10 | 6.21 | 7.18 | 7.70 | 1.73 | 1,845 |
Best (Period) | Worst (Period) | |
---|---|---|
Week | 2.63 (24-Mar-2020 - 31-Mar-2020) | -4.86 (09-Jan-2020 - 16-Jan-2020) |
Month | 2.79 (20-Aug-2013 - 19-Sep-2013) | -6.13 (20-Feb-2020 - 23-Mar-2020) |
Quarter | 6.33 (24-Sep-2020 - 24-Dec-2020) | -8.46 (24-Dec-2019 - 24-Mar-2020) |
Year | 13.71 (19-Aug-2013 - 19-Aug-2014) | -7.35 (08-Aug-2019 - 07-Aug-2020) |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 4.07 | 4.92 | -0.14 | -0.14 | -3.31 | -3.96 |
CCIL T Bill Liquidity Weight | 3.78 | 0.34 | -2.89 | -5.80 | -- | -- |
Debt: Credit Risk | 1.66 | 6.60 | 0.06 | 0.23 | -3.35 | -6.40 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-Dec-2020
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 51 | 90 | 51 | 27 |
Modified Duration (yrs) | 1.58 | 2.20 | 1.58 | 1.57 |
Average Maturity (yrs) | 2.45 | 3.35 | 2.45 | 1.97 |
Yield to Maturity (%) | 8.98 | 26.64 | 8.98 | 7.39 |
Avg Credit Rating | AA | -- | -- | -- |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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10.25% Shriram Transport Finance 26/04/2024 | Debenture | AA+ | 6.78 - 10.79 | 10.63 |
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11.90% Rishanth Wholesale Trading 20/10/2023 | Debenture | A+ | 0.00 - 6.77 | 6.22 |
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10.32% Andhra Pradesh Capital Region Development Authority 16/08/2026 | Debenture | A+ | 3.53 - 6.06 | 5.62 |
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9.50% Piramal Capital & Housing Finance 15/04/2022 | Debenture | AA | 2.89 - 4.93 | 4.68 |
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9.90% Coastal Gujarat Power 27/08/2028 | Debenture | AA | 2.15 - 3.65 | 3.56 |
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10.21% Five-Star Business Finance 28/03/2023 | Debenture | A | 1.13 - 1.92 | 3.54 |
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10.32% Andhra Pradesh Capital Region Development Authority 16/08/2027 | Debenture | A+ | 1.93 - 3.32 | 3.09 |
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9.90% Shriram Transport Finance 21/06/2024 | Debenture | AA+ | 1.68 - 2.71 | 2.67 |
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9.20% Hinduja Leyland Finance 13/09/2024 | Debenture | AA- | 1.38 - 2.35 | 2.16 |
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Renew Wind Energy Delhi 30/09/2030 | Structured Obligation | A+ | 1.43 - 2.34 | 2.03 |
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Sadbhav Infrastructure Project 23/04/2023 | Debenture | BBB+ | 0.00 - 1.89 | 1.85 |
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10.50% Vistaar Financial Services 22/06/2023 | Debenture | A- | 1.15 - 1.95 | 1.80 |
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10.50% Vistaar Financial Services 23/07/2024 | Debenture | A- | 1.14 - 1.93 | 1.79 |
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10.15% Uttar Pradesh Power Corporation 20/01/2027 | Debenture | A+ | 1.10 - 1.84 | 1.78 |
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10.15% Uttar Pradesh Power Corporation 20/01/2023 | Debenture | A+ | 1.08 - 1.78 | 1.67 |
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9.75% Uttar Pradesh Power Corporation 20/10/2022 | Debenture | A+ | 0.97 - 1.61 | 1.51 |
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Edelweiss Rural & Corporate Services 29/11/2021 | Debenture | AA- | 0.98 - 1.65 | 1.49 |
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9.95% Molagavalli Renewable 31/03/2023 | Debenture | A+ | 0.96 - 1.58 | 1.44 |
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9.40% Hinduja Leyland Finance 28/08/2024 | Debenture | AA- | 0.90 - 1.53 | 1.41 |
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Aptus Value Housing Finance India 20/06/2025 | Debenture | A+ | 0.87 - 1.49 | 1.36 |
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8.70% Edelweiss Rural & Corporate Services 30/06/2027 | Debenture | A+ | 0.00 - 1.62 | 1.29 |
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10.25% lnCred Financial Services 26/04/2021 | Debenture | A | 0.79 - 1.35 | 1.24 |
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India Shelter Finance Corporation 2025 | Debenture | A | 1.20 - 1.54 | 1.22 |
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10.15% Uttar Pradesh Power Corporation 20/01/2028 | Debenture | A+ | 0.59 - 0.99 | 0.97 |
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10.15% Uttar Pradesh Power Corporation 20/01/2022 | Debenture | A+ | 0.63 - 1.04 | 0.97 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2020
— Kunal Agrawal since 25-Oct-2018
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:
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The Scheme seeks to provide regular income and capital appreciation through a focus on corporate securities.
Minimum Investment (₹) | 5,000 |
Minimum Addl Investment (₹) | 1,000 |
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,3% will be charged for redemption within 365 days For units in excess of 10% of the investment,2% will be charged for redemption between 366 - 730 days For units in excess of 10% of the investment,1% will be charged for redemption between 731 - 1095 days |
Fund House: | Franklin Templeton Mutual Fund |
Launch Date: | 07-Dec-2011 |
Return Since Launch: | 7.92% |
Benchmark: | NIFTY Credit Risk Bond TRI |
Riskometer: | Very High |
Type: | Open-ended |
Assets: | ₹ 3,638 Cr (As on 31-Dec-2020) |
Expense: | 0.64% (As on 30-Nov-2020) |
Risk Grade: | -- |
Return Grade: | -- |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend | 20-Dec-2019 | 0.1585 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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