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Unrated

Franklin India Floating Rate Fund


Debt: Floater

1 Lakh

Investment Grown to
₹ 1.06 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. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.

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

  • 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 5.01 0.05 0.19 0.57 1.42 3.30 6.37 6.76 6.49 6.52 6.64
CCIL T Bill Liquidity Weight 2.74 0.03 0.07 0.27 0.61 1.26 3.37 3.98 4.14 4.58 4.76
Debt: Floater 7.65 0.04 0.17 0.98 1.61 5.12 8.93 7.79 7.78 8.05 8.25
Rank within category 7 3 3 7 6 7 7 5 5 5 5
Number of funds in category 7 7 7 7 7 7 7 5 5 5 5

As on 23-Oct-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 6.37 6.76 6.49 0.95 163
HDFC Floating Rate Debt Fund  | Invest Online
Unrated
Oct-07 9.00 8.08 8.10 0.48 13,351
Nippon India Floating Rate Fund  | Invest Online
Unrated
Aug-04 11.20 8.18 8.09 0.57 12,372
ICICI Prudential Floating Interest Fund  | Invest Now
Unrated
Nov-05 9.20 7.77 7.90 1.31 9,844
Aditya Birla Sun Life Floating Rate Fund  | Invest Online
Unrated
Mar-09 8.77 8.14 8.30 0.36 7,110

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 6.52 0.66 2.20 2.27 -0.28 1.13
CCIL T Bill Liquidity Weight 3.90 0.32 -3.63 -6.95 -- --
Debt: Floater 7.40 1.19 2.09 3.94 0.34 2.73
Rank within category 5 1 3 5 2 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-Sep-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 8 20 8 95
Modified Duration (yrs) 1.32 1.94 0.63 1.78
Average Maturity (yrs) 1.93 2.37 0.83 2.23
Yield to Maturity (%) 5.56 7.87 5.56 5.32
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
equal 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 0.00 - 41.68 18.46
equal Aditya Birla Housing Finance 17/02/2023 Debenture AAA 0.00 - 15.84 15.84
equal HDB Financial Services 2021 Debenture AAA 4.99 - 15.45 15.45
equal Rabo Bank India 27/11/2020 Certificate of Deposit A1+ 0.00 - 14.15 14.15
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 9.53 9.53
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 2.09 - 6.16 6.16
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 2.09 - 6.09 6.09
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 6.04 6.04

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-Sep-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:


0.05%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 30.8982

Dividend Daily: ₹ 10.1669


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 TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 163 Cr (As on 30-Sep-2020)
Expense: 0.95% (As on 30-Sep-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily23-Oct-20200.0012

 22-Oct-20200.0012
 21-Oct-20200.0025
 19-Oct-20200.0023
 15-Oct-20200.0013
 14-Oct-20200.0023
 13-Oct-20200.0019
 12-Oct-20200.0020
 09-Oct-20200.0023
 08-Oct-20200.0018
 07-Oct-20200.0029
 05-Oct-20200.0039
 01-Oct-20200.0031
 30-Sep-20200.0032
 29-Sep-20200.0019
 24-Sep-20200.0002
 23-Sep-20200.0012
 22-Sep-20200.0012
 21-Sep-20200.0032
 16-Sep-20200.0017
 15-Sep-20200.0017
 14-Sep-20200.0043
 10-Sep-20200.0025
 09-Sep-20200.0038
 03-Sep-20200.0017

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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