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Unrated

Franklin India Floating Rate Fund


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 3.29 0.06 0.13 1.04 2.03 3.05 6.99 6.74 6.48 6.60 6.59
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 4.70 4.78
Debt: Floater 5.73 0.14 0.50 1.98 4.26 5.49 9.50 7.78 7.87 8.11 8.22
Rank within category 7 6 7 7 7 7 7 5 5 5 5
Number of funds in category 7 7 7 7 7 7 7 5 5 5 5

As on 10-Jul-2020

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 6.99 6.74 6.48 0.95 169
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 11.87 8.26 8.27 0.55 11,636
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 9.43 8.04 8.19 0.38 9,331
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 9.58 8.22 8.46 0.36 6,360
Aditya Birla Sun Life Floating Rate Fund - Retail Plan  | Invest Online
Unrated
Jun-03 9.58 8.22 8.46 0.28 6,360

Best & Worst Performance

Best (Period) Worst (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 6.51 0.63 1.90 2.07 -0.55 0.54
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Floater 7.39 1.16 1.89 3.49 0.24 2.38
Rank within category 5 1 3 5 1 5
Number of funds in category 5 5 5 5 5 5

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

As on 30-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 9 20 9 78
Modified Duration (yrs) 0.64 1.94 0.47 --
Average Maturity (yrs) 0.83 2.37 0.83 --
Yield to Maturity (%) 7.02 7.87 7.02 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 0.00 - 44.07 17.70
equal Aditya Birla Housing Finance 17/02/2023 Debenture AAA 0.00 - 14.85 14.85
equal HDB Financial Services 2021 Debenture AAA 4.99 - 14.77 14.77
equal Rabo Bank India 27/11/2020 Certificate of Deposit A1+ 0.00 - 13.57 13.57
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 8.91 8.91
equal Northern ARC Capital 16/07/2021 Debenture A+ 1.90 - 7.07 7.07
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 2.09 - 5.90 5.90
equal 7.50% PNB Housing Finance 15/09/2020 Debenture AA+ 0.00 - 5.89 5.89
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 2.09 - 5.79 5.79

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-Jun-2020

*As on 31-May-2020

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:


0.06%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 30.3921

Dividend Daily: ₹ 10.1304


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
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 23-Apr-2001
Return Since Launch: 5.95%
Benchmark: CRISIL Liquid
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 169 Cr (As on 30-Jun-2020)
Expense: 0.95% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily10-Jul-20200.0043

 03-Jul-20200.0014
 02-Jul-20200.0014
 01-Jul-20200.0015
 30-Jun-20200.0014
 29-Jun-20200.0041
 26-Jun-20200.0027
 25-Jun-20200.0001
 24-Jun-20200.0012
 23-Jun-20200.0055
 19-Jun-20200.0015
 18-Jun-20200.0015
 17-Jun-20200.0016
 16-Jun-20200.0015
 15-Jun-20200.0045
 12-Jun-20200.0015
 11-Jun-20200.0015
 10-Jun-20200.0025
 17-Apr-20200.0066
 03-Apr-20200.0032
 31-Mar-20200.0047
 30-Mar-20200.0001
 27-Mar-20200.0273
 16-Mar-20200.0016
 06-Mar-20200.0004

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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM