VR Logo

Unrated

Franklin India Floating Rate Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.25 Lakh

Analyst's Choice?

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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.19 0.04 0.18 0.91 2.07 3.95 7.76 6.85 6.57 6.68 6.50
CCIL T Bill Liquidity Weight 0.45 0.00 0.04 0.33 0.88 1.81 4.08 4.15 4.44 4.78 4.70
Debt: Floater 1.33 0.05 0.20 1.07 2.09 4.06 8.68 7.38 7.72 8.03 7.95
Rank within category 5 3 5 4 4 5 6 5 5 5 4
Number of funds in category 7 7 7 7 7 7 6 5 5 5 4

As on 14-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.33 (22-Nov-2019 - 29-Nov-2019) -0.06 (04-Dec-2019 - 11-Dec-2019)
Month 0.81 (05-Jul-2019 - 06-Aug-2019) 0.17 (26-Aug-2009 - 25-Sep-2009)
Quarter 2.11 (16-Jul-2013 - 15-Oct-2013) 0.54 (25-Nov-2009 - 24-Feb-2010)
Year 7.78 (06-Feb-2019 - 06-Feb-2020) 2.46 (19-May-2009 - 19-May-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.55 0.35 2.53 5.75 0.54 1.74
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Floater 6.94 0.84 1.77 3.34 1.88 4.30
Rank within category 5 1 1 1 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 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 18 19 12 82
Modified Duration (yrs) 1.04 1.94 0.30 --
Average Maturity (yrs) 2.02 2.37 0.89 --
Yield to Maturity (%) 7.62 7.97 7.39 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.15% GOI 21/12/2020 GOI Securities Floating Rate Bond SOV 23.58 - 44.07 28.48
up 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 9.57 9.57
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 9.94 9.50
equal GOI 2031 GOI Securities SOV 0.00 - 8.03 5.95
equal HDB Financial Services 2021 Debenture AAA 5.68 - 8.81 5.68
equal Rabo Bank India 27/11/2020 Certificate of Deposit A1+ 0.00 - 4.74 4.51
down 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 6.44 4.18
equal Shriram Transport Finance 2021 Non Convertible Debenture AA+ 0.00 - 4.10 3.92
equal 8.84% Tata Power 21/11/2022 Non Convertible Debenture AA 0.00 - 4.77 3.62
equal 9.70% Coastal Gujarat Power 27/08/2023 Non Convertible Debenture AA 0.00 - 3.90 2.95
equal Northern ARC Capital 16/07/2021 Debenture A+ 1.90 - 2.99 2.86
equal 9.31% Tata Motors 29/09/2023 Debenture AA- 0.00 - 3.30 2.46
equal 8.70% Vedanta 20/04/2020 Debenture AA 0.00 - 4.18 2.38
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 4.21 2.38
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 2.37 - 4.46 2.37
equal 7.50% PNB Housing Finance 15/09/2020 Debenture AA+ 0.00 - 4.12 2.34
equal 8.47% PNB Housing Finance 2021 Debenture AA+ 0.00 - 2.17 2.08
equal Motilal Oswal Home Finance 24/08/2023 Debenture AA- 0.00 - 3.55 2.02

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

*As on 31-Dec-2019

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:


0.04%

Change from previous, NAV as on 14-Feb-2020

Growth: ₹ 29.7727

Dividend Daily: ₹ 10.0581


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: 5.97%
Benchmark: CRISIL Liquid
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 421 Cr (As on 31-Jan-2020)
Expense: 0.95% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily14-Feb-20200.0012

 13-Feb-20200.0016
 12-Feb-20200.0014
 11-Feb-20200.0007
 10-Feb-20200.0038
 07-Feb-20200.0013
 06-Feb-20200.0013
 05-Feb-20200.0019
 04-Feb-20200.0012
 03-Feb-20200.0040
 31-Jan-20200.0010
 30-Jan-20200.0009
 29-Jan-20200.0013
 28-Jan-20200.0013
 27-Jan-20200.0050
 24-Jan-20200.0021
 23-Jan-20200.0024
 22-Jan-20200.0030
 21-Jan-20200.0021
 20-Jan-20200.0029
 16-Jan-20200.0016
 15-Jan-20200.0020
 13-Jan-20200.0043
 10-Jan-20200.0003
 09-Jan-20200.0018

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

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM