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Unrated

Franklin India Floating Rate Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 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.

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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 2.28 0.10 0.30 0.45 0.95 3.06 7.37 7.17 7.08 7.29 --
CCIL T Bill Liquidity Weight 1.78 0.11 0.16 0.35 1.22 2.09 4.36 4.26 4.43 4.75 --
Debt: Floater 3.65 0.24 0.66 1.16 2.17 4.30 8.97 7.92 8.16 8.43 --
Rank within category 7 7 7 7 7 7 7 5 5 5 --
Number of funds in category 7 7 7 7 7 7 7 5 5 5 0

As on 22-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.26 (24-Mar-2020 - 31-Mar-2020) -0.92 (12-Mar-2020 - 19-Mar-2020)
Month 1.54 (24-Mar-2020 - 23-Apr-2020) -1.03 (25-Feb-2020 - 26-Mar-2020)
Quarter 2.26 (16-Jul-2013 - 15-Oct-2013) 0.41 (24-Dec-2019 - 24-Mar-2020)
Year 8.35 (05-Mar-2019 - 04-Mar-2020) 6.49 (28-Nov-2016 - 28-Nov-2017)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.84 0.57 2.42 2.39 -0.23 1.07
CCIL T Bill Liquidity Weight 4.16 0.26 -5.00 -9.29 -- --
Debt: Floater 7.33 0.93 2.13 3.21 1.27 3.53
Rank within category 5 1 2 3 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-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 13 20 12 67
Modified Duration (yrs) 0.95 1.94 0.30 --
Average Maturity (yrs) 1.08 2.37 0.89 --
Yield to Maturity (%) 7.87 7.87 7.29 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Axis Bank 2020 Certificate of Deposit A1+ 0.00 - 18.27 18.27
up 8.45% ONGC Petro Additions 2023 Debenture AAA 0.00 - 10.13 10.13
equal Aditya Birla Housing Finance 17/02/2023 Debenture AAA 0.00 - 9.84 9.84
up HDB Financial Services 2021 Debenture AAA 4.99 - 9.80 9.80
equal Rabo Bank India 27/11/2020 Certificate of Deposit A1+ 0.00 - 9.14 9.14
equal 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 6.89 6.89
equal Northern ARC Capital 16/07/2021 Debenture A+ 1.90 - 4.80 4.80
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 4.21 3.98
equal 7.50% PNB Housing Finance 15/09/2020 Debenture AA+ 0.00 - 4.12 3.95
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 2.09 - 4.36 3.89
equal 8.47% PNB Housing Finance 2021 Debenture AA+ 0.00 - 3.48 3.48
equal Motilal Oswal Home Finance 24/08/2023 Debenture AA- 0.00 - 3.55 3.40
new 7.07% Reliance Industries 24/12/2020 Bonds/Debentures AAA 0.00 - 2.93 2.93

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-Apr-2020

Fund Manager

— Pallab Roy since 01-Jan-2013

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 01-Jan-2013

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:


0.10%

Change from previous, NAV as on 22-May-2020

Growth: ₹ 31.6026

Dividend Daily: ₹ 10.0000


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: 01-Jan-2013
Return Since Launch: 7.29%
Benchmark: CRISIL Liquid
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 250 Cr (As on 30-Apr-2020)
Expense: 0.10% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily22-May-20200.0096

 21-May-20200.0032
 20-May-20200.0025
 19-May-20200.0042
 18-May-20200.0080
 15-May-20200.0055
 14-May-20200.0033
 13-May-20200.0014
 23-Apr-20200.0033
 22-Apr-20200.0026
 21-Apr-20200.0045
 20-Apr-20200.0016
 17-Apr-20200.0096
 03-Apr-20200.0039
 31-Mar-20200.0049
 30-Mar-20200.0006
 27-Mar-20200.0391
 16-Mar-20200.0022
 09-Mar-20200.0000
 06-Mar-20200.0005
 05-Mar-20200.0009
 04-Mar-20200.0099
 03-Mar-20200.0008
 02-Mar-20200.0033
 28-Feb-20200.0005

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

Debt funds and the crisis

dateFriday, 29-May-2020
time12:30 PM - 01:00 PM