Suitability:
Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.
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
Dividends
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YTD | 1 Month | 3 Months | 1 Years | 3 Years | 5 Years | 10 Years | |
---|---|---|---|---|---|---|---|
Fund | 9.11 | 0.30 | 1.54 | 9.87 | 8.65 | 8.96 | -- |
VR Bond | 6.71 | -0.12 | 0.36 | 7.30 | 5.80 | 6.98 | -- |
Debt: Corporate Bond | 5.47 | 0.27 | 1.65 | 6.21 | 5.53 | 7.05 | -- |
Rank within category | 12 | 8 | 16 | 11 | 1 | 1 | -- |
Number of funds in category | 19 | 21 | 21 | 19 | 15 | 14 | 0 |
As on 13-Dec-2019
Best (Period) | Worst (Period) | |
---|---|---|
Month | 5.07 (19-Aug-2013 - 18-Sep-2013) | -5.54 (19-Jul-2013 - 19-Aug-2013) |
Quarter | 7.18 (19-Aug-2013 - 18-Nov-2013) | -7.19 (20-May-2013 - 19-Aug-2013) |
Year | 16.73 (19-Aug-2013 - 19-Aug-2014) | 4.91 (25-Sep-2017 - 25-Sep-2018) |
Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
---|---|---|---|---|---|---|
Fund | 8.43 | 2.01 | 1.32 | 2.12 | 0.65 | 2.74 |
VR Bond | 5.65 | 2.30 | -0.06 | -0.09 | -- | -- |
Debt: Corporate Bond | 5.48 | 4.11 | 0.53 | 0.94 | 0.48 | -0.23 |
Rank within category | 1 | 9 | 2 | 2 | 10 | 1 |
Number of funds in category | 15 | 15 | 15 | 15 | 15 | 15 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 30-Nov-2019
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Number of Securities | 64 | 64 | 50 | 63 |
Modified Duration (yrs) | 2.90 | 3.22 | 2.38 | 2.34 |
Average Maturity (yrs) | 3.83 | 4.43 | 3.11 | 3.14 |
Yield to Maturity (%) | 8.25 | 10.05 | 8.25 | 7.07 |
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Company | Instrument | Credit Rating | 1Y Range | % Assets | |
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8.95% Pipeline Infrastructure 22/03/2024 | Non Convertible Debenture | AAA | 0.00 - 8.08 | 6.94 |
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9.25% Power Finance Corp. 25/09/2024 | Non Convertible Debenture | AAA | 0.00 - 6.42 | 5.35 |
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8.97% REC 28/03/2029 | Non Convertible Debenture | AAA | 0.00 - 7.97 | 5.18 |
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10.25% Sikka Ports and Terminals 22/08/2021 | Debenture | AAA | 4.33 - 7.36 | 5.17 |
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9.10% India Grid Trust 2022 | Debenture | AAA | 0.00 - 4.49 | 4.49 |
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8.50% National Bank Agr. Rur. Devp | Debenture | AAA | 0.00 - 4.00 | 4.00 |
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7.85% Grasim Industries 15/04/2024 | Non Convertible Debenture | AAA | 0.00 - 5.32 | 3.83 |
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10.25% Shriram Transport Finance 26/04/2024 | Debenture | AA+ | 3.49 - 5.98 | 3.49 |
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9.20% ICICI Bank 31/12/2050 | Bonds | AA+ | 3.27 - 4.18 | 3.27 |
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8.60% ONGC Petro Additions 2022 | Debenture | AAA | 2.63 - 7.15 | 3.24 |
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10.99% Andhra Bank 31/08/2050 | Bonds | AA- | 0.00 - 3.12 | 3.12 |
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8.25% Piramal Capital & Housing Finance 2027 | Bonds/Debentures | AA | 0.00 - 3.55 | 2.50 |
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9.15% ICICI Bank | Debenture | AA+ | 1.08 - 3.47 | 2.40 |
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9.25% Reliance Jio Infocomm 16/06/2024 | Debenture | AAA | 0.00 - 2.98 | 2.36 |
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7.17% Nat. Highways Authority 23/12/2021 | Non Convertible Debenture | AAA | 0.00 - 2.83 | 2.35 |
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9.90% Coastal Gujarat Power 27/08/2028 | Debenture | AA | 2.34 - 4.94 | 2.34 |
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7.27% GOI 2026 | GOI Securities | SOV | 0.00 - 2.33 | 2.33 |
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7.80% Apollo Tyres 29/04/2022 | Debenture | AA+ | 2.19 - 3.50 | 2.19 |
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8.85% ONGC Petro Additions 19/04/2022 | Debenture | AAA | 0.00 - 2.76 | 2.00 |
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9.10% Power Finance Corp. 23/03/2029 | Non Convertible Debenture | AAA | 0.00 - 7.13 | 1.98 |
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7.67% LIC Housing Fin. 29/07/2021 | Bonds | AAA | 0.00 - 1.88 | 1.88 |
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7.79% LIC Housing Fin. 18/10/2024 | Debenture | AAA | 0.00 - 1.88 | 1.88 |
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8.70% Bank of Baroda 28/11/2020 | Non Convertible Debenture | AA+ | 0.00 - 1.87 | 1.87 |
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Jindal Power 22/12/2020 | Debenture | BBB+ | 0.00 - 2.49 | 1.79 |
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8.50% Bank of Baroda | Bonds | AA | 0.00 - 1.96 | 1.57 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Nov-2019
— Sachin Padwal-Desai since 25-Oct-2018
Education: Mr. Desai is a B.E and PGDM from IIM Bangalore.
Experience: Prior to joining Sundaram Mutual Fund he has worked with ICICI Bank, Infosys Technologies and Thermax.
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:
— Umesh Sharma since 25-Oct-2018
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:
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The Scheme seeks primarily to provide investors Regular income and Capital appreciation.
Minimum Investment (₹) | 10,000 |
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 |
Fund House: | Franklin Templeton Mutual Fund |
Launch Date: | 01-Jan-2013 |
Benchmark: | NIFTY Corporate Bond TRI |
Riskometer: | Moderate |
Type: | Open-ended |
Assets: | ₹ 1,342 Cr (As on 30-Nov-2019) |
Expense: | 0.32% (As on 30-Nov-2019) |
Risk Grade: | Average |
Return Grade: | High |
Turnover: | -- |
Plan | Record Date | Dividend (₹ / Unit) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Half Yearly | 20-Sep-2019 | 0.3962 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Monthly | 22-Nov-2019 | 0.0720 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Quarterly | 20-Sep-2019 | 0.1981 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dividend Yearly | 22-Mar-2019 | 0.9724 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fund News - 11-Nov-2019
Benchmark change in schemes of Franklin Templeton Mutual Fund
Fund News - 25-Oct-2018
Fund Manager change in Six Schemes of Franklin Templeton Mutual Fund
Fund News - 02-Aug-2018
Fund Manager Change in Three Schemes of Franklin Templeton Mutual Fund
Fund News - 11-Jun-2018
Fund News - 12-Dec-2016
Franklin India Short Term Income Retail Fund: Dividend Declaration
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