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Franklin India Banking & PSU Debt Fund


1 Lakh

Investment Grown to
₹ 1.13 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.28 Lakh

Analyst's Choice?

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 2.56 0.00 0.11 2.02 2.98 6.06 12.63 8.79 8.50 -- --
CCIL T Bill Liquidity Weight 0.55 0.04 0.10 0.36 0.91 1.88 4.15 4.15 4.46 -- --
Debt: Banking and PSU 1.98 -0.02 0.08 1.53 2.38 4.91 10.94 7.91 8.18 -- --
Rank within category 2 6 5 2 2 2 2 2 7 -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 5 3

As on 20-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.32 (09-Nov-2016 - 16-Nov-2016) -1.01 (01-Dec-2016 - 08-Dec-2016)
Month 2.22 (26-Oct-2016 - 25-Nov-2016) -1.25 (25-Nov-2016 - 27-Dec-2016)
Quarter 3.98 (03-May-2019 - 02-Aug-2019) -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 7.80 2.07 1.03 1.72 5.03 10.21
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Banking and PSU 7.18 2.04 0.86 1.66 4.66 9.00
Rank within category 4 13 4 7 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-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 50 51 19 68
Modified Duration (yrs) 3.03 3.50 2.45 2.56
Average Maturity (yrs) 3.83 4.63 3.11 3.11
Yield to Maturity (%) 7.20 8.67 7.20 6.75

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.05% National Housing Bank 18/12/2024 Non Convertible Debenture AAA 0.00 - 7.20 7.20
down 7.27% GOI 2026 GOI Securities SOV 0.00 - 7.70 6.84
new 7.50% NHPC 2025 Non Convertible Debenture AAA 0.00 - 5.62 5.62
equal 7.24% IRFC 2021 Bonds AAA 0.00 - 4.69 4.32
equal 7.69% BPCL 16/01/2023 Debenture AAA 0.00 - 7.11 3.87
equal 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.00 - 8.29 3.60
equal REC 13/12/2022 Debenture AAA 0.00 - 3.92 3.32
equal 8.60% ONGC Petro Additions 2022 Debenture AAA 0.00 - 9.20 2.87
equal HPCL 14/08/2024 Debenture AAA 0.00 - 6.16 2.85
up 9.95% Food Corporation of India 2022 Bonds AAA 0.28 - 8.03 2.80
equal 9.17% NTPC 22/09/2024 Debenture AAA 0.00 - 4.88 2.59
equal 8.80% Power Grid Corporation 13/03/2023 Bonds AAA 0.00 - 4.68 2.52
new 7.59% GOI 2026 GOI Securities SOV 0.00 - 2.47 2.47
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 2.41 - 6.33 2.41
equal 7.27% Nat. Highways Authority 2022 Debenture AAA 0.00 - 4.46 2.41
equal 7.34% HUDCO 16/09/2022 Debenture AAA 0.00 - 7.49 2.40
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 2.81 2.38
new 8.45% ONGC Petro Additions 2023 Debenture AAA 0.00 - 2.38 2.38
down 7.70% Nat. Highways Authority 13/09/2029 Non Convertible Debenture AAA 0.00 - 5.13 2.37
new 6.70% National Bank Agr. Rur. Devp 2022 Debenture AAA 0.00 - 2.37 2.37
equal 8.70% Bank of Baroda 28/11/2020 Non Convertible Debenture AA+ 0.00 - 2.79 2.37
equal 10.99% Andhra Bank 31/08/2050 Bonds AA- 1.10 - 4.27 2.34
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 8.43 2.30
equal 7.18% National Bank Agr. Rur. Devp 2022 Non Convertible Debenture AAA 0.00 - 5.93 2.30
down 8.39% State Bank of India 25/10/2024 Bonds/Debentures AA+ 0.00 - 2.80 1.90

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-Jan-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:


0.00%

Change from previous, NAV as on 20-Feb-2020

Growth: ₹ 16.3938

Dividend: ₹ 10.9073


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: 8.85%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,057 Cr (As on 31-Jan-2020)
Expense: 0.51% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend20-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: 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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