VR Logo

2 star

Franklin India Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 3.57 -0.01 0.08 0.51 0.60 1.95 3.89 8.36 7.22 7.71 --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 3.24 3.53 3.99 --
Debt: Banking and PSU 3.32 -0.01 0.09 0.45 0.69 2.06 3.70 8.00 7.04 7.71 --
Rank within category 5 15 11 5 12 13 6 8 6 9 --
Number of funds in category 21 22 22 22 22 22 20 17 15 13 3

As on 03-Dec-2021

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
2 star
Apr-14 3.89 8.36 7.22 0.53% 834
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 3.54 8.83 7.68 0.62% 18,845
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 3.87 8.39 7.03 0.70% 18,115
Axis Banking & PSU Debt Fund
4 star
Jun-12 3.48 8.06 7.60 0.62% 16,526
ICICI Prudential Banking & PSU Debt Fund  | Invest Now
4 star
Jan-10 4.70 8.10 6.78 0.80% 13,926

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 3.73 25-Nov-2020 - 25-Nov-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 8.08 2.15 1.99 3.52 2.59 5.87
CCIL T Bill Liquidity Weight 3.18 0.40 -1.54 -4.30 -- --
Debt: Banking and PSU 7.75 2.43 1.76 3.56 2.32 5.38
Rank within category 8 6 8 11 12 5
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 35 42 35 80
Modified Duration (yrs) 1.68 2.43 1.59 --
Average Maturity (yrs) 1.99 2.96 1.87 --
Yield to Maturity (%) 4.81 5.15 4.38 --
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.99% Housing & Urban Development Corporation 2022 Debenture AAA 0.00 - 6.14 6.14
equal 5.47% National Bank Agr. Rur. Devp 2025 Debenture AAA 0.00 - 5.97 5.97
equal 7.42% Power Finance Corporation 19/11/2024 Non Convertible Debenture AAA 4.14 - 5.02 5.02
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 0.00 - 4.61 4.61
equal 7.17% GOI 2028 GOI Securities SOV 0.00 - 5.30 4.40
equal 7.52% NHPC 2023 Bonds AAA 3.11 - 3.74 3.74
equal 7.29% SIDBI 2022 Debenture AAA 3.05 - 3.67 3.67
equal 8.60% ONGC Petro Additions 2022 Debenture AAA 3.02 - 3.65 3.65
equal 9.17% NTPC 22/09/2024 Debenture AAA 2.76 - 3.30 3.30
equal 6.88% REC 20/03/2025 Debenture AAA 0.00 - 3.10 3.10
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.00 - 3.09 3.09
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 2.54 - 3.05 3.05
equal 5.05% Indian Oil Corporation 25/11/2022 Debenture AAA 0.00 - 5.99 3.02
equal 5.36% Hindustan Petroleum Corporation 2025 Debenture AAA 2.45 - 2.98 2.98
equal Export-Import Bank 184-D 30/12/2021 Certificate of Deposit A1+ 0.00 - 2.98 2.98
equal 5.81% REC 31/12/2025 Debenture AAA 0.00 - 2.97 2.97
equal Axis Bank 13/05/2022 Certificate of Deposit A1+ 0.00 - 5.77 2.94
equal 6.79% GOI 15/05/2027 GOI Securities SOV 0.00 - 9.38 2.48
equal 6.98% Power Finance Corporation 20/04/2023 Non Convertible Debenture AAA 1.52 - 1.85 1.85
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 1.21 - 1.45 1.45
equal 9.25% Power Finance Corporation Additional Tier 2 Bond AAA 1.19 - 1.44 1.44
equal 8.14% Nuclear Power Corpn. 25/03/2026 Debenture AAA 1.08 - 1.30 1.30
equal 8.27% REC 2025 Bonds AAA 1.06 - 1.29 1.29
equal 8.25% RBL Bank 15/04/2023 Debenture AA- 1.01 - 1.21 1.21
equal SIDBI 25/03/2022 Commercial Paper A1+ 0.00 - 1.18 1.18

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-2021

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 Franklin Templeton Mutual Fund, he has worked with Sundaram Mutual Fund, 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 03-Dec-2021

Growth: ₹ 18.0670

IDCW: ₹ 10.5466


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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 25-Apr-2014
Return Since Launch: 8.08%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 834 Cr (As on 31-Oct-2021)
Expense: 0.53% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW17-Sep-20210.2000

 18-Jun-20210.2000
 19-Mar-20210.2000
 18-Dec-20200.2000
 18-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

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

Upcoming Video

Investors' Hangout

Stocks or Equity Funds for the long term?

DateFriday, 10-Dec-2021
Time12:30 PM - 01:00 PM

attending You have reserved a spot