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3 star

Franklin India Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.26 Lakh

Suitability:

Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

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 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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(₹)
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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 8.86 0.01 0.18 0.69 2.44 4.22 8.90 8.90 8.67 -- --
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 3.90 4.12 -- --
Debt: Banking and PSU 9.52 -0.01 0.21 0.75 2.37 4.62 9.62 8.65 8.49 -- --
Rank within category 14 8 15 15 11 15 16 7 8 -- --
Number of funds in category 19 21 21 21 20 19 19 16 14 10 3

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Banking & PSU Debt Fund  | Invest Online Now
3 star
Apr-14 8.90 8.90 8.67 0.50 1,022
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 10.68 9.75 8.66 0.65 19,780
Axis Banking & PSU Debt Fund
5 star
Jun-12 9.39 9.29 8.72 0.62 18,606
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 10.27 9.22 8.86 0.76 10,286
Nippon India Banking & PSU Debt Fund  | Invest Online
4 star
May-15 10.61 9.15 8.83 0.80 7,396

Best & Worst Performance

Best (Period) Worst (Period)
Week 3.64 (24-Mar-2020 - 31-Mar-2020) -2.54 (12-Mar-2020 - 19-Mar-2020)
Month 4.12 (24-Mar-2020 - 23-Apr-2020) -3.07 (20-Feb-2020 - 23-Mar-2020)
Quarter 6.00 (24-Mar-2020 - 24-Jun-2020) -0.51 (06-Dec-2016 - 07-Mar-2017)
Year 13.24 (01-Nov-2018 - 01-Nov-2019) 3.84 (13-Jun-2017 - 13-Jun-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.46 2.27 1.54 2.65 2.57 6.26
CCIL T Bill Liquidity Weight 3.89 0.32 -3.35 -6.53 -- --
Debt: Banking and PSU 8.18 2.40 1.44 2.91 1.99 5.36
Rank within category 7 11 7 11 13 3
Number of funds in category 17 17 17 17 17 17

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

As on 31-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 39 52 35 84
Modified Duration (yrs) 2.91 3.96 2.05 2.84
Average Maturity (yrs) 3.66 5.29 2.60 3.68
Yield to Maturity (%) 4.91 7.44 4.91 5.03
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
up 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 9.32 9.32
equal Bank of Baroda 2021 Certificate of Deposit A1+ 0.00 - 8.70 8.70
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 7.85 7.85
new 5.77% GOI 2030 GOI Securities SOV 0.00 - 7.28 7.28
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 5.27 5.27
equal 7.62% Export-Import Bank 2026 Bonds AAA 0.00 - 4.24 4.24
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 4.16 4.16
new 7.52% NHPC 2023 Bonds AAA 0.00 - 3.13 3.13
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 3.09 3.08
equal 8.60% ONGC Petro Additions 2022 Debenture AAA 2.30 - 3.38 3.04
equal 9.17% NTPC 22/09/2024 Debenture AAA 1.47 - 2.79 2.79
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 1.92 - 2.85 2.56
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 2.55 2.55
equal 5.36% HPCL 2025 Debenture AAA 0.00 - 4.86 2.44
new National Bank Agr. Rur. Devp 2021 Commercial Paper A1+ 0.00 - 2.42 2.42
down National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 4.78 2.39
equal 8.02% Export-Import Bank 29/10/2025 Bonds AAA 0.99 - 2.28 2.28
equal 6.98% Power Finance Corp. 20/04/2023 Non Convertible Debenture AAA 0.00 - 1.53 1.53
equal 10.40% Sikka Ports and Terminals 18/07/2021 Bonds/NCDs AAA 0.00 - 1.23 1.23
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.92 - 2.72 1.22
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 1.17 - 6.01 1.19
equal 8.14% Nuclear Power Corpn. 25/03/2026 Debenture AAA 0.00 - 1.08 1.08
equal 8.27% REC 2025 Bonds AAA 0.79 - 1.14 1.07
equal 7.13% NHPC 2027 Debenture AAA 0.00 - 1.03 1.03
equal 6.80% NHPC 23/04/2027 Debenture AAA 0.00 - 1.02 1.02

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 31-Oct-2020

Fund Manager

— Sachin Padwal-Desai since 02-Apr-2014

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:

— Umesh Sharma since 02-Apr-2014

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:


0.01%

Change from previous, NAV as on 27-Nov-2020

Growth: ₹ 17.4007

Dividend: ₹ 10.9471


Investment Strategy

The fund seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSUs).

Investment Details

Minimum Investment (₹) 5,000
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: 25-Apr-2014
Return Since Launch: 8.76%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,022 Cr (As on 31-Oct-2020)
Expense: 0.50% (As on 31-Oct-2020)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend18-Sep-20200.1850

 19-Jun-20200.1850
 20-Mar-20200.1441
 20-Dec-20190.1441
 20-Sep-20190.1441
 21-Jun-20190.1441
 22-Mar-20190.1441
 21-Dec-20180.1441
 21-Sep-20180.1441
 15-Jun-20180.1441
 16-Mar-20180.1445
 15-Dec-20170.1445
 15-Sep-20170.1445
 16-Jun-20170.1445
 17-Mar-20170.1445
 16-Dec-20160.1445
 16-Sep-20160.1445
 17-Jun-20160.1445
 28-Mar-20160.1445
 18-Dec-20150.1445
 18-Sep-20150.1372
 19-Jun-20150.1336
 20-Mar-20150.1343
 19-Dec-20140.1270
 19-Sep-20140.1169

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: 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

Last Session

VR Helpline

Critical Investment Decisions

dateSaturday, 28-Nov-2020
time04:00 PM - 04:30 PM

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