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Franklin India Ultra Short Bond Fund - Super Institutional Plan - Direct Plan

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Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 9.14 0.79 2.17 9.67 8.87 9.24 --
CCIL T Bill Liquidity Weight 4.21 0.30 0.89 4.41 4.19 4.52 --
Debt: Ultra Short Duration 7.06 0.51 3.28 7.12 6.80 7.58 --
Rank within category 2 1 2 2 2 2 --
Number of funds in category 23 27 26 23 17 17 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 1.27 (30-Aug-2013 - 01-Oct-2013) 0.20 (17-Apr-2018 - 17-May-2018)
Quarter 3.05 (24-Jul-2013 - 23-Oct-2013) 1.49 (06-Nov-2017 - 05-Feb-2018)
Year 10.93 (26-Jul-2013 - 28-Jul-2014) 7.48 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.47 0.56 4.79 7.66 1.28 4.82
CCIL T Bill Liquidity Weight 4.11 0.25 -6.57 -10.84 -- --
Debt: Ultra Short Duration 6.70 1.55 2.02 4.16 1.53 3.48
Rank within category 2 9 1 3 9 4
Number of funds in category 19 19 19 19 19 19

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 116 149 116 41
Modified Duration (yrs) 0.50 0.52 0.39 0.36
Average Maturity (yrs) 0.62 0.62 0.49 0.40
Yield to Maturity (%) 10.48 10.48 9.25 6.29

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.45% Vedanta 17/08/2020 Debenture AA 0.00 - 4.71 4.71
equal Edelweiss Rural & Corporate Services 29/11/2021 Debenture AA- 0.00 - 4.36 4.36
new 8.25% Vodafone Idea 2020 Bonds/Debentures BBB- 0.00 - 4.21 4.21
equal 9.60% Renew Power 26/02/2021 Debenture A+ 3.32 - 4.47 3.99
equal 8.35% Bharti Airtel 20/04/2021 Non Convertible Debenture AA 0.00 - 3.23 3.23
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 3.20 3.20
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 2.19 - 2.92 2.61
equal 8.25% Bharti Airtel 20/04/2020 Non Convertible Debenture AA 0.00 - 2.36 2.36
equal Indostar Capital Finance 2021 Debenture AA- 1.50 - 2.32 2.32
equal 8.57% NUVOCO Vistas Corp. 14/09/2020 Debenture AA 0.00 - 2.24 2.24
new 9.60% Piramal Realty 13/03/2020 Debenture A- 0.00 - 2.07 2.07
new 9.60% Aasan Corporate Solutions 13/12/2019 Debenture A- 0.00 - 2.04 2.04
equal Bharti Telecom 19/02/2021 Zero Coupon Bonds AA+ 0.00 - 1.62 1.62
equal 8.10% Shriram Transport Finance 30/03/2020 Non Convertible Debenture AA+ 0.00 - 1.48 1.48
equal Northern ARC Capital 16/07/2021 Debenture A+ 0.40 - 0.56 1.45
equal Clix Capital Services 27/06/2023 Debenture AA- 1.17 - 1.54 1.40
new 9.60% Aasan Corporate Solutions 20/12/2019 Debenture A- 0.00 - 1.39 1.39
equal Hero Solar Energy 21/06/2022 Debenture A+ 0.00 - 1.33 1.33
equal 10.15% Uttar Pradesh Power Corporation 20/01/2021 Debenture A+ 0.76 - 1.33 1.33
equal DLF Home Developers Ltd 88-D 27/12/2019 Commercial Paper A1 0.00 - 1.70 1.32
equal Tata Realty and Infrastructure 2021 Debenture AA 0.00 - 1.25 1.25
equal 9.75% Uttar Pradesh Power Corporation 20/10/2020 Debenture A+ 0.40 - 1.20 1.20
equal Clix Capital Services 25/05/2023 Debenture AA- 0.00 - 1.19 1.19
equal Motilal Oswal Home Finance 28/09/2023 Debenture AA- 0.00 - 1.18 1.18
equal Pune Solapur Expressways 31/03/2029 Debenture A 0.00 - 1.15 1.15

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

— 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:

— Santosh Kamath since 25-Oct-2018

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:

Invest Online Now
-0.01%

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

Growth: ₹ 28.0905

Dividend Weekly: ₹ 10.1023

Dividend Daily: ₹ 10.0605

Investment Strategy

The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt 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 (₹) --
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 01-Jan-2013
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 16,882 Cr (As on 30-Nov-2019)
Expense: 0.40% (As on 30-Nov-2019)
Risk Grade: Below Average
Return Grade: High
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Dec-20190.0020

 11-Dec-20190.0017
 10-Dec-20190.0023
 09-Dec-20190.0046
 04-Dec-20190.0027
 03-Dec-20190.0038
 02-Dec-20190.0051
 29-Nov-20190.0030
 28-Nov-20190.0026
 27-Nov-20190.0027
 26-Nov-20190.0035
 25-Nov-20190.0058
 22-Nov-20190.0024
 21-Nov-20190.0010
 20-Nov-20190.0020
 19-Nov-20190.0014
 18-Nov-20190.0076
 15-Nov-20190.0035
 14-Nov-20190.0020
 13-Nov-20190.0043
 11-Nov-20190.0051
 06-Nov-20190.0021
 05-Nov-20190.0018
 04-Nov-20190.0034
 01-Nov-20190.0028
Dividend Weekly06-Dec-20190.0086

 29-Nov-20190.0170
 22-Nov-20190.0126
 15-Nov-20190.0174
 08-Nov-20190.0084
 01-Nov-20190.0066
 25-Oct-20190.0127
 18-Oct-20190.0136
 11-Oct-20190.0141
 04-Oct-20190.0159
 27-Sep-20190.0139
 20-Sep-20190.0045
 13-Sep-20190.0129
 06-Sep-20190.0120
 30-Aug-20190.0115
 23-Aug-20190.0082
 16-Aug-20190.0101
 09-Aug-20190.0140
 02-Aug-20190.0161
 26-Jul-20190.0149
 19-Jul-20190.0125
 12-Jul-20190.0168
 05-Jul-20190.0167
 28-Jun-20190.0053
 21-Jun-20190.0112

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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