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3 star

Franklin India Banking & PSU Debt Fund


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.12 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

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 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 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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(₹)
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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 6.79 0.20 0.66 2.25 5.27 6.46 11.56 9.11 8.92 -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 4.16 4.32 -- --
Debt: Banking and PSU 7.06 0.19 0.69 2.16 5.84 6.76 11.31 8.58 8.66 -- --
Rank within category 14 6 9 10 16 13 12 4 5 -- --
Number of funds in category 19 19 19 19 19 19 18 16 14 7 3

As on 10-Jul-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 11.56 9.11 8.92 0.58 1,025
IDFC Banking & PSU Debt Fund - Regular Plan
4 star
Mar-13 12.88 9.60 8.76 0.65 16,967
Axis Banking & PSU Debt Fund  | Invest Online
5 star
Jun-12 11.57 9.35 8.86 0.62 16,456
Kotak Banking and PSU Debt Fund Regular Plan  | Invest Online
4 star
Dec-98 11.77 9.03 8.99 0.61 7,146
LIC MF Banking & PSU Debt Fund  | Invest Online
4 star
May-07 10.26 8.67 8.13 0.83 1,446

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 8.55 2.12 1.53 2.70 2.40 6.19
CCIL T Bill Liquidity Weight 4.07 0.28 -4.34 -7.86 -- --
Debt: Banking and PSU 8.12 2.27 1.35 2.90 2.07 5.36
Rank within category 5 10 5 11 11 6
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 44 52 31 77
Modified Duration (yrs) 2.05 3.96 2.05 --
Average Maturity (yrs) 2.60 5.29 2.60 --
Yield to Maturity (%) 5.14 8.20 5.14 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 7.78 7.78
equal Union Bank of India 24/02/2021 Certificate of Deposit A1+ 0.00 - 7.14 7.14
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 3.60 - 6.62 6.01
equal ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 5.81 5.81
new 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 4.91 4.91
equal Bank of Baroda 2020 Certificate of Deposit A1+ 0.00 - 4.86 4.86
new National Bank Agr. Rur. Devp 2021 Certificate of Deposit A1+ 0.00 - 4.70 4.70
equal 7.62% Export-Import Bank 2026 Bonds AAA 0.00 - 4.24 4.24
equal 7.70% REC 2027 Non Convertible Debenture AAA 0.00 - 3.58 3.58
equal 8.05% NTPC 2026 Bonds AAA 0.00 - 3.22 3.22
equal 7.29% SIDBI 2022 Debenture AAA 0.00 - 3.08 3.08
equal 8.60% ONGC Petro Additions 2022 Debenture AAA 2.30 - 5.63 3.03
new L&T Infrastructre Finance 364-D 17/11/2020 Commercial Paper A1+ 0.00 - 2.87 2.87
equal 9.17% NTPC 22/09/2024 Debenture AAA 1.47 - 4.88 2.77
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 7.70 2.65
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 4.46 2.55
equal 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 2.54 2.54
down ONGC 91-D 14/08/2020 Commercial Paper A1+ 0.00 - 9.38 2.43
equal 8.02% Export-Import Bank 29/10/2025 Bonds AAA 0.00 - 2.26 2.26
equal 7.14% REC 2030 Debenture AAA 0.00 - 2.03 2.03
new 7.50% NHPC 2025 Non Convertible Debenture AAA 0.00 - 7.54 1.58
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 1.54 1.54
equal 6.98% Power Finance Corp. 20/04/2023 Non Convertible Debenture AAA 0.00 - 1.51 1.51
down HPCL 83-D 28/07/2020 Commercial Paper A1+ 0.00 - 5.64 1.46
equal 10.40% Sikka Ports and Terminals 18/07/2021 Bonds/NCDs AAA 0.00 - 1.23 1.23

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-Jun-2020

*As on 31-May-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:


0.20%

Change from previous, NAV as on 10-Jul-2020

Growth: ₹ 17.0704

Dividend: ₹ 10.9397


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: 8.99%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,025 Cr (As on 30-Jun-2020)
Expense: 0.58% (As on 31-May-2020)
Risk Grade: Above Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend19-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

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM