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Unrated

Franklin India Floating Rate Fund


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

"This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that 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.

If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable 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 3.25 0.00 -0.08 0.15 0.52 1.79 3.74 5.73 5.93 6.01 6.34
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 4.48
Debt: Floater 3.60 -0.01 0.00 0.27 0.60 2.13 4.16 7.07 6.84 7.33 7.82
Rank within category 7 7 10 11 9 9 7 6 5 5 5
Number of funds in category 8 12 12 12 12 10 8 6 5 5 5

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Floating Rate Fund  | Invest Online Now
Unrated
Apr-01 3.74 5.73 5.93 0.97% 408
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 4.59 7.47 7.14 0.48% 25,466
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 3.87 7.12 6.99 0.28% 20,161
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 3.87 7.12 6.99 0.42% 20,161
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 4.15 8.22 7.10 0.57% 19,899

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 1.24 24-Mar-2020 - 31-Mar-2020 -0.93 12-Mar-2020 - 19-Mar-2020
Month 1.47 24-Mar-2020 - 23-Apr-2020 -1.08 25-Feb-2020 - 26-Mar-2020
Quarter 2.60 24-Mar-2020 - 24-Jun-2020 0.27 24-Dec-2019 - 24-Mar-2020
Year 7.80 05-Mar-2019 - 04-Mar-2020 2.46 19-May-2009 - 19-May-2010

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.63 0.81 2.28 3.39 0.48 2.14
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Floater 6.88 1.27 2.44 4.33 1.02 3.72
Rank within category 6 1 5 6 2 6
Number of funds in category 6 6 6 6 6 6

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 16 8 97
Modified Duration (yrs) 0.59 1.29 0.40 --
Average Maturity (yrs) 4.25 4.25 1.95 --
Yield to Maturity (%) 4.53 4.87 4.17 --
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
up 6.51% GOI 2024 GOI Securities SOV 2.72 - 23.01 17.02
equal GOI 22/09/2033 GOI Securities Floating Rate Bond SOV 0.00 - 16.90 14.93
equal GOI 2031 GOI Securities SOV 0.00 - 9.79 7.45
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 8.30 6.26
equal Aditya Birla Housing Finance 17/02/2023 Debenture AAA 6.19 - 14.23 6.19
equal Export-Import Bank 184-D 30/12/2021 Certificate of Deposit A1+ 0.00 - 7.80 6.10
equal Kotak Mahindra Investments 239-D 04/05/2022 Commercial Paper A1+ 0.00 - 6.48 5.99
equal LIC Housing Fin. 353-D 07/07/2022 Commercial Paper A1+ 0.00 - 7.13 5.95
up 4.45% GOI 30/10/2034 GOI Securities SOV 0.00 - 3.68 3.68
up 5.63% GOI 2026 GOI Securities SOV 0.00 - 3.66 3.66
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 2.49 - 5.57 2.49
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 2.45 - 5.52 2.45
equal Axis Bank 23/12/2021 Certificate of Deposit A1+ 0.00 - 5.19 2.45
equal 4.48% GOI 2023 GOI Securities SOV 0.00 - 3.22 2.45
new GOI 2028 GOI Securities SOV 0.00 - 2.44 2.44
equal 6.84% GOI 19/12/2022 GOI Securities SOV 1.26 - 2.93 1.26

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-Oct-2021

Fund Manager

— Pallab Roy since 07-Aug-2006

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 05-Jul-2010

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 03-Dec-2021

Growth: ₹ 32.1844

IDCW Daily: ₹ 10.1643


Investment Strategy

The Scheme seeks to provide income and liquidity consistent with the prudent risk from a portfolio comprising of floating rate return, and also fixed rate money market and debt instruments. debt instruments, fixed rate debt instruments swapped for floating rate instruments and money market instruments.

Investment Details

Minimum Investment (₹) 1,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 23-Apr-2001
Return Since Launch: 5.83%
Benchmark: CRISIL Liquid Fund Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 408 Cr (As on 31-Oct-2021)
Expense: 0.97% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily30-Nov-20210.0019

 26-Nov-20210.0026
 25-Nov-20210.0001
 24-Nov-20210.0008
 22-Nov-20210.0030
 18-Nov-20210.0017
 17-Nov-20210.0016
 16-Nov-20210.0002
 15-Nov-20210.0055
 11-Nov-20210.0022
 09-Nov-20210.0016
 08-Nov-20210.0091
 22-Oct-20210.0002
 21-Oct-20210.0004
 20-Oct-20210.0026
 18-Oct-20210.0014
 13-Oct-20210.0010
 12-Oct-20210.0010
 11-Oct-20210.0029
 08-Oct-20210.0023
 07-Oct-20210.0017
 05-Oct-20210.0018
 04-Oct-20210.0017
 01-Oct-20210.0021
 30-Sep-20210.0012

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: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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