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Franklin India Corporate Debt Fund - Direct Plan

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Debt: Corporate Bond

1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Analyst's Choice?

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

  • 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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(₹)
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cal

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Trailing Returns (%)

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 & Worst Performance

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)

Risk Measures (%)

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

Portfolio Aggregates

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

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 8.08 6.94
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.00 - 6.42 5.35
equal 8.97% REC 28/03/2029 Non Convertible Debenture AAA 0.00 - 7.97 5.18
up 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 4.33 - 7.36 5.17
up 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 4.49 4.49
new 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 4.00 4.00
equal 7.85% Grasim Industries 15/04/2024 Non Convertible Debenture AAA 0.00 - 5.32 3.83
equal 10.25% Shriram Transport Finance 26/04/2024 Debenture AA+ 3.49 - 5.98 3.49
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 3.27 - 4.18 3.27
down 8.60% ONGC Petro Additions 2022 Debenture AAA 2.63 - 7.15 3.24
new 10.99% Andhra Bank 31/08/2050 Bonds AA- 0.00 - 3.12 3.12
equal 8.25% Piramal Capital & Housing Finance 2027 Bonds/Debentures AA 0.00 - 3.55 2.50
equal 9.15% ICICI Bank Debenture AA+ 1.08 - 3.47 2.40
equal 9.25% Reliance Jio Infocomm 16/06/2024 Debenture AAA 0.00 - 2.98 2.36
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 2.83 2.35
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 2.34 - 4.94 2.34
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 2.33 2.33
equal 7.80% Apollo Tyres 29/04/2022 Debenture AA+ 2.19 - 3.50 2.19
equal 8.85% ONGC Petro Additions 19/04/2022 Debenture AAA 0.00 - 2.76 2.00
new 9.10% Power Finance Corp. 23/03/2029 Non Convertible Debenture AAA 0.00 - 7.13 1.98
new 7.67% LIC Housing Fin. 29/07/2021 Bonds AAA 0.00 - 1.88 1.88
new 7.79% LIC Housing Fin. 18/10/2024 Debenture AAA 0.00 - 1.88 1.88
new 8.70% Bank of Baroda 28/11/2020 Non Convertible Debenture AA+ 0.00 - 1.87 1.87
equal Jindal Power 22/12/2020 Debenture BBB+ 0.00 - 2.49 1.79
equal 8.50% Bank of Baroda Bonds AA 0.00 - 1.96 1.57

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

— 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:

Invest Online Now
-0.07%

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

Growth: ₹ 73.5265

Dividend Yearly: ₹ 19.4973

More

Dividend Quarterly: ₹ 14.5151

Dividend Monthly: ₹ 17.1718

Dividend Half Yearly: ₹ 15.3003

Investment Strategy

The Scheme seeks primarily to provide investors Regular income and Capital appreciation.

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 (₹) 1,000
Exit Load 0

Basic Details

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: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Half Yearly20-Sep-20190.3962

 22-Mar-20190.3962
 21-Sep-20180.3602
 16-Mar-20180.3972
 15-Sep-20170.3972
 17-Mar-20170.3972
 16-Sep-20160.3972
 28-Mar-20160.3792
 18-Sep-20150.3792
 20-Mar-20150.3811
 19-Sep-20140.3702
 24-Mar-20140.3117
 30-Sep-20130.2727
 18-Mar-20130.3083
Dividend Monthly22-Nov-20190.0720

 18-Oct-20190.0720
 20-Sep-20190.0720
 23-Aug-20190.0720
 19-Jul-20190.0720
 21-Jun-20190.0720
 24-May-20190.0720
 18-Apr-20190.0720
 22-Mar-20190.0720
 15-Feb-20190.0720
 18-Jan-20190.0720
 21-Dec-20180.0720
 22-Nov-20180.0720
 19-Oct-20180.0720
 21-Sep-20180.0720
 24-Aug-20180.0720
 20-Jul-20180.0720
 15-Jun-20180.0720
 18-May-20180.0720
 20-Apr-20180.0720
 16-Mar-20180.0722
 16-Feb-20180.0722
 19-Jan-20180.0722
 15-Dec-20170.0722
 17-Nov-20170.0722
Dividend Quarterly20-Sep-20190.1981

 21-Jun-20190.1981
 22-Mar-20190.1981
 21-Dec-20180.1981
 21-Sep-20180.1981
 15-Jun-20180.1981
 16-Mar-20180.1986
 15-Dec-20170.1986
 15-Sep-20170.1986
 16-Jun-20170.1986
 17-Mar-20170.1986
 16-Dec-20160.1986
 16-Sep-20160.1986
 17-Jun-20160.1986
 28-Mar-20160.1986
 18-Dec-20150.1986
 18-Sep-20150.1986
 19-Jun-20150.1986
 20-Mar-20150.1996
 19-Dec-20140.1996
 19-Sep-20140.1948
 23-Jun-20140.1948
 24-Mar-20140.1948
 30-Dec-20130.1948
 30-Sep-20130.1559
Dividend Yearly22-Mar-20190.9724

 16-Mar-20180.9751
 17-Mar-20170.9028
 28-Mar-20160.7223
 20-Mar-20150.3448

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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