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Fund name
|
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
---|---|---|---|---|---|---|
Franklin India Floating Rate Fund
|
Low to Moderate
|
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0.96 |
|||
Low to Moderate
|
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0.49 |
||||
Low to Moderate
|
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0.44 |
||||
Low to Moderate
|
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0.42 |
||||
Low to Moderate
|
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0.28 |
₹288 Cr
--
1,000
1,000
500
12
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.
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."
Capital Gains Taxation
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
Franklin India Floating Rate Fund is mandated to invest at least 65 per cent of its assets in bonds carrying a floating rate of interest.
Mutual funds can be bought directly from the website of the fund house. For instance, Franklin India Floating Rate Fund fund can be purchased from the website of Franklin Templeton Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Franklin India Floating Rate Fund is ₹39.2965 as of 15-Feb-2025.
The AUM of Franklin India Floating Rate Fund Fund is ₹288 Cr as of 31-Jan-2025
The riskometer level of Franklin India Floating Rate Fund is Low to Moderate. See More
Company | Percentage of Portfolio |
---|---|
GOI GOI FRB 22/09/2033 |
27.47
|
GOI Sec 04/10/2028 |
25.00
|
Bajaj Finance Ltd Debenture 7.82 31/01/2034 |
7.56
|
Bharti Telecom Ltd SR XXI NCD 8.75 05/11/2029 |
7.21
|
Mankind Pharma Ltd SR 3 Bonds/Deb 7.97 16/11/2027 |
7.14
|
As of 31-Jan-2025, Franklin India Floating Rate Fund had invested 97.75% in Debt and 2.25% in Cash & Cash Eq. See More
Franklin India Floating Rate Fund is 23 years 10 months old. It has delivered 5.91% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
8.14%
|
6.67%
|
5.70%
|
6.16%
|
6.13%
|
5.91%
|
No, There is no lock in period in Franklin India Floating Rate Fund.
The expense ratio of Franklin India Floating Rate Fund is 0.96.