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Franklin India Dynamic Accrual Fund - Direct Plan

Debt: Dynamic Bond

1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh


"Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending on where it expects to earn maximum returns, the fund management team actively decides whether to invest in bonds maturing in a few months or in the ones maturing several years later.

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 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 14.60 0.01 0.23 0.93 7.32 7.64 16.12 7.32 7.94 8.87 --
VR Bond 2.68 0.01 0.10 0.60 1.14 2.12 2.88 6.14 5.55 6.65 --
Debt: Dynamic Bond 4.17 -0.04 -0.02 0.56 1.26 2.85 4.69 7.93 6.53 7.92 --

As on 07-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Dynamic Accrual Fund - Direct Plan  | Invest Online Now
Jan-13 16.12 7.32 7.94 0.06% 173
ICICI Prudential All Seasons Bond Fund - Direct Plan  | Invest Now
5 star
Jan-13 5.45 9.84 8.12 0.61% 6,647
IDFC Dynamic Bond Fund - Direct Plan
4 star
Jan-13 3.24 9.62 7.78 0.72% 4,064
Kotak Dynamic Bond Fund - Direct Plan  | Invest Online
5 star
Jan-13 4.42 9.71 8.28 0.52% 2,972
Axis Dynamic Bond Fund - Direct Plan
4 star
Jan-13 4.78 9.97 7.86 0.25% 2,248

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 5.58 19-Aug-2013 - 26-Aug-2013 -5.00 12-Aug-2013 - 19-Aug-2013
Month 6.18 30-Aug-2021 - 29-Sep-2021 -6.24 19-Jul-2013 - 19-Aug-2013
Quarter 8.02 06-Jul-2021 - 05-Oct-2021 -7.97 20-May-2013 - 19-Aug-2013
Year 18.49 30-Sep-2020 - 30-Sep-2021 -4.67 18-Sep-2019 - 17-Sep-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.27 5.32 0.65 0.82 0.56 2.14
VR Bond 6.20 2.04 1.18 1.59 -- --
Debt: Dynamic Bond 7.88 3.58 1.36 2.13 1.07 1.52

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

As on 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 5 37 5 30
Modified Duration (yrs) 1.07 2.30 1.07 --
Average Maturity (yrs) 1.40 3.08 1.40 --
Yield to Maturity (%) 7.31 12.01 7.31 --
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
down SBI Overnight Direct-G Mutual Fund -- 0.00 - 137.84 51.08
down 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2027 Debenture A+ 3.75 - 48.82 48.82
equal 12.80% Nufuture Digital 31/12/2023 Debenture D 0.00 - 0.00 0.00
equal 11.50% Rivaaz Trade Ventures 30/06/2023 Debenture D 0.00 - 0.00 0.00
equal 12.25% Rivaaz Trade Ventures 31/12/2023 Debenture D 0.00 - 0.00 0.00

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-2021

*As on 31-Oct-2021

Fund Manager

— Sachin Padwal-Desai since 01-Jan-2013

Education: Mr. Desai is a B.E and PGDM from IIM Bangalore.

Experience: Prior to joining Franklin Templeton Mutual Fund, he has worked with Sundaram Mutual Fund, ICICI Bank, Infosys Technologies and Thermax.

Funds Managed:

— Santosh Kamath since 23-Feb-2015

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.


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:


Change from previous, NAV as on 07-Dec-2021

Growth: ₹ 83.3103

IDCW Quarterly: ₹ 14.0417

Investment Strategy

The scheme aims to generate a steady stream of income and to generate capital appreciation through investment focus on high credit quality and highly liquid money market instruments.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 2,000
Lock-in Period Not Applicable
Exit Load For units in excess of 10% of the investment,3% will be charged for redemption within 365 days
For units in excess of 10% of the investment,2% will be charged for redemption between 366 - 730 days
For units in excess of 10% of the investment,1% will be charged for redemption between 731 - 1095 days
For units in excess of 10% of the investment,0.5% will be charged for redemption between 1096 - 1460 days

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.87%
Benchmark: CRISIL Composite Bond Index
Riskometer: High
Type: Open-ended
Assets: ₹ 173 Cr (As on 30-Nov-2021)
Expense: 0.06% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Quarterly20-Mar-20200.1585


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: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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