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Franklin India Short Term Income Plan - Direct Plan

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Debt: Short Duration

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is 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 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 4.39 -0.87 -0.46 5.41 7.87 8.55 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Short Duration 4.97 0.21 2.23 5.63 6.06 7.29 --
Rank within category 19 29 26 19 3 7 --
Number of funds in category 28 29 29 28 26 26 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 2.51 (20-Aug-2013 - 19-Sep-2013) -1.60 (24-Jun-2013 - 24-Jul-2013)
Quarter 4.76 (29-Aug-2013 - 28-Nov-2013) -1.88 (20-May-2013 - 19-Aug-2013)
Year 13.72 (19-Aug-2013 - 19-Aug-2014) 6.49 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.00 1.68 1.33 2.43 3.14 7.47
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Short Duration 6.01 3.03 0.53 1.06 3.67 6.35
Rank within category 2 10 3 3 7 14
Number of funds in category 27 27 27 27 27 27

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 131 156 131 57
Modified Duration (yrs) 1.91 2.24 1.91 2.04
Average Maturity (yrs) 2.51 3.07 2.51 2.54
Yield to Maturity (%) 12.57 12.57 11.03 7.37

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 7.36 6.73
equal 10.25% Shriram Transport Finance 26/04/2024 Debenture AA+ 5.07 - 6.00 5.82
equal Adani Rail Infra 28/04/2023 Debenture AA- 3.90 - 4.77 4.77
new 10.90% Vodafone Idea 2023 Debenture BBB- 0.00 - 3.39 3.39
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 3.16 3.16
equal 11.90% Rishanth Wholesale Trading 20/10/2023 Debenture A 2.64 - 3.05 3.05
equal 11.50% SD Corporation 2022 Debenture AA 0.00 - 2.68 2.68
equal 8.70% Edelweiss Agri Value Chain 30/06/2027 Debenture AA- 0.00 - 2.57 2.57
new 9.50% Yes Bank Bonds BBB+ 0.00 - 2.45 2.45
equal Edelweiss Rural & Corporate Services 29/11/2021 Debenture AA- 0.00 - 2.41 2.41
equal Piramal Enterprises 15/05/2020 Debenture AA 2.02 - 2.33 2.33
equal Piramal Enterprises 29/05/2020 Debenture AA 1.87 - 2.16 2.16
equal Renew Power 31/07/2025 Debenture A+ 1.85 - 2.11 2.11
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2025 Debenture A+ 1.66 - 1.94 1.88
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2024 Debenture A+ 1.61 - 1.88 1.83
equal 12.30% Sterlite Power Grid Ventures 28/03/2022 Debenture A+ 0.00 - 1.82 1.82
equal 2.00% Tata Steel 23/04/2022 Debenture AA 0.00 - 1.58 1.58
new Essel Infraprojects 22/05/2020 Structured Obligation BB 0.00 - 1.36 1.36
equal 9.60% Narmada Wind Energy Pvt. 31/03/2023 Debenture A+ 1.13 - 1.30 1.28
new 10.25% Star Health & Allied Insurance 2024 Debenture A+ 0.00 - 1.23 1.23
equal Vivriti Capital 19/03/2021 Debenture A- 0.00 - 1.19 1.19
down Pri-Media Services 30/06/2020 Structured Obligation BB 0.00 - 0.80 1.16
equal 10.15% Uttar Pradesh Power Corporation 20/01/2022 Debenture A+ 1.00 - 1.16 1.16
up 12.25% DLF 2020 Debenture A+ 0.19 - 0.57 1.05
new Aptus Value Housing Finance India 20/08/2025 Debenture A+ 0.00 - 1.04 1.04

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-Nov-2019

Fund Manager

— Kunal Agrawal since 15-Apr-2014

Education: Mr. Agrawal is a B.Tech from IIT Delhi and PGDM from IIM C.

Experience: Prior to joining Franklin India AMC he has worked with Credits- Portfolio Management, CRISIL Ltd., IBM Ltd. & Infosys Ltd.

Funds Managed:

— Santosh Kamath since 15-Apr-2014

Education: Mr. Kamath is a B.E ( Electronics ) from REC Bhopal and PGDM (Management) from XLRI Jamshedpur.

Experience: Prior to joining Franklin Templeton Investments he has worked with ING Vysya AMC, Zurich Asset Management, SBI Mutual, CRISIL and Jardine Fleming Asset Management.

Interviews:

Funds Managed:

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-0.04%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 4,274.4409

Dividend Weekly: ₹ 1,053.8597

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Dividend Quarterly: ₹ 1,311.4470

Dividend Monthly: ₹ 1,249.8160

Investment Strategy

The scheme aims to generate stable returns by investing in fixed income securities with shorter maturity periods likely to be less than three years. , the average maturity of the portfolio of the scheme is likely to be between 4 months and 12 months, and the maturity of individual securities in the scheme is likely to be less than 3 years.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 5,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load For units in excess of 10% of the investment,0.5% will be charged for redemption within 365 days

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 01-Jan-2013
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 11,590 Cr (As on 30-Nov-2019)
Expense: 0.73% (As on 30-Nov-2019)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly22-Nov-20195.9427

 18-Oct-20195.9427
 20-Sep-20195.9427
 23-Aug-20195.9427
 19-Jul-20195.9427
 21-Jun-20195.9427
 24-May-20195.9427
 18-Apr-20195.9427
 22-Mar-20195.9427
 15-Feb-20195.9427
 18-Jan-20195.9427
 21-Dec-20185.9427
 22-Nov-20185.9427
 19-Oct-20185.9427
 21-Sep-20185.9427
 24-Aug-20185.9427
 20-Jul-20185.9427
 15-Jun-20185.9427
 18-May-20185.9427
 20-Apr-20185.9427
 16-Mar-20185.9587
 16-Feb-20185.9587
 19-Jan-20185.9587
 15-Dec-20175.9587
 17-Nov-20175.9587
Dividend Quarterly20-Sep-201918.0081

 21-Jun-201918.0081
 22-Mar-201918.0081
 21-Dec-201818.0081
 21-Sep-201818.0081
 15-Jun-201818.0081
 16-Mar-201818.0566
 15-Dec-201718.0566
 15-Sep-201718.0566
 16-Jun-201718.0566
 17-Mar-201718.0566
 16-Dec-201617.6955
 16-Sep-201617.6955
 17-Jun-201617.6955
 28-Mar-201617.6955
 18-Dec-201517.6955
 18-Sep-201517.6955
 19-Jun-201517.6955
 20-Mar-201517.4208
 19-Dec-201417.0578
 19-Sep-201417.5336
 23-Jun-201417.1440
 20-Jun-201417.1440
 24-Mar-201415.5854
 30-Dec-201315.5854
Dividend Weekly29-Nov-20190.7852

 22-Nov-20190.5792
 15-Nov-20192.5176
 08-Nov-20191.0883
 01-Nov-20190.4362
 25-Oct-20191.7294
 11-Oct-20191.9970
 27-Sep-20191.3791
 13-Sep-20190.5734
 06-Sep-20192.1257
 23-Aug-20191.0995
 09-Aug-20191.4531
 02-Aug-20190.1548
 26-Jul-20190.0773
 19-Jul-20190.9932
 12-Jul-20193.0525
 05-Jul-20193.7952
 21-Jun-20191.2370
 31-May-20192.9326
 24-May-20192.4551
 17-May-20192.5058
 10-May-20191.5983
 03-May-20190.3519
 26-Apr-20190.3059
 29-Mar-20193.3620

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

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