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Unrated

Franklin India Short Term Income Plan - Institutional Plan


1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.18 Lakh

Analyst's Choice?

Suitability:

Short Duration debt funds are suitable to invest your money for a duration of 1 year to 3 years. You can expect to earn higher returns than what a bank fixed deposit of a similar duration can fetch.

The risk of incurring a loss in these funds over the said time frame is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.

Remember, these are suitable only to invest for a short time frame of up to 3 years. Do not invest in this, or any other Short Duration fund, if your aim is 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 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 -2.46 -0.06 -0.08 0.93 -3.09 -2.00 0.97 6.07 7.24 8.31 8.39
CCIL T Bill Liquidity Weight 0.58 0.02 0.03 0.28 0.79 1.74 4.08 4.14 4.44 4.77 4.71
Debt: Short Duration 1.64 -0.06 0.03 1.06 1.74 3.60 5.55 5.72 6.64 7.39 7.64

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 1.31 (29-Aug-2013 - 05-Sep-2013) -4.48 (09-Jan-2020 - 16-Jan-2020)
Month 3.00 (28-Nov-2008 - 30-Dec-2008) -3.64 (23-Dec-2019 - 22-Jan-2020)
Quarter 5.19 (20-Nov-2008 - 19-Feb-2009) -3.96 (17-Oct-2019 - 16-Jan-2020)
Year 15.05 (28-Nov-2008 - 30-Nov-2009) -0.13 (16-Jan-2019 - 16-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.84 2.91 0.06 0.05 4.30 7.08
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Short Duration 5.33 3.02 0.27 0.71 3.43 5.17

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 124 156 124 56
Modified Duration (yrs) 1.84 2.24 1.84 1.97
Average Maturity (yrs) 2.44 3.07 2.44 2.39
Yield to Maturity (%) 12.06 13.01 11.11 7.17

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 7.46 7.46
equal 10.25% Shriram Transport Finance 26/04/2024 Debenture AA+ 5.07 - 6.68 6.68
equal Adani Rail Infra 28/04/2023 Debenture AA- 3.90 - 5.37 5.37
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 3.53 3.53
equal 11.90% Rishanth Wholesale Trading 20/10/2023 Debenture A 2.64 - 3.39 3.39
equal 11.50% SD Corporation 2022 Debenture AA 0.00 - 2.94 2.94
equal 8.70% Edelweiss Agri Value Chain 30/06/2027 Debenture AA- 0.00 - 2.88 2.88
equal 9.50% Yes Bank Bonds BBB 0.00 - 2.71 2.71
equal Edelweiss Rural & Corporate Services 29/11/2021 Debenture AA- 0.00 - 2.68 2.68
equal Renew Power 31/07/2025 Debenture A+ 1.85 - 2.35 2.35
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2025 Debenture A+ 1.66 - 2.10 2.10
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2024 Debenture A+ 1.61 - 2.03 2.03
equal 12.30% Sterlite Power Grid Ventures 28/03/2022 Debenture A+ 0.00 - 2.03 2.03
equal 9.60% Narmada Wind Energy Pvt. 31/03/2023 Debenture A+ 1.13 - 1.41 1.41
equal 10.25% Star Health & Allied Insurance 2024 Debenture A+ 0.00 - 1.37 1.37
equal Vivriti Capital 19/03/2021 Debenture A- 0.00 - 1.32 1.32
equal 10.15% Uttar Pradesh Power Corporation 20/01/2022 Debenture A+ 1.00 - 1.30 1.30
equal 9.90% Shriram Transport Finance 21/06/2024 Debenture AA+ 0.89 - 1.18 1.18
equal 12.25% DLF 2020 Debenture A+ 0.19 - 0.63 1.17
equal Aptus Value Housing Finance India 20/08/2025 Debenture A+ 0.00 - 1.16 1.16
equal 12.40% JM Fin Asset Reconstruction co 2022 Debenture AA- 0.00 - 1.15 1.15
equal 7.91% PNB Housing Finance 29/03/2022 Debenture AA+ 0.00 - 1.14 1.14
equal Renew Power 28/09/2022 Debenture A+ 0.86 - 1.13 1.13
equal 12.64% Five-Star Business Finance 16/04/2022 Debenture A 0.00 - 1.11 1.11
equal 9.60% Renew Wind Energy Delhi 31/03/2023 Debenture A+ 0.87 - 1.09 1.09

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

— Kunal Agrawal since 15-Apr-2014

Education: Mr. Agrawal is a B.Tech from IIT Delhi and PGDM from IIM C.

Experience: Prior to joining Franklin India AMC he has worked with Credits- Portfolio Management, CRISIL Ltd., IBM Ltd. & Infosys Ltd.

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:


-0.06%

Change from previous, NAV as on 28-Feb-2020

Growth: ₹ 3,288.1724


Investment Strategy

The scheme aims to generate stable returns by investing in fixed income securities with shorter maturity periods likely to be less than three years. , the average maturity of the portfolio of the scheme is likely to be between 4 months and 12 months, and the maturity of individual securities in the scheme is likely to be less than 3 years.

Investment Details

Minimum Investment (₹) 5,00,00,000
Minimum Addl Investment (₹) 1,00,00,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,00,000
Minimum Balance (₹) --
Exit Load For units in excess of 10% of the investment,0.5% will be charged for redemption within 365 days

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 06-Sep-2005
Return Since Launch: 8.56%
Benchmark: CRISIL Short-Term Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 10,387 Cr (As on 31-Jan-2020)
Expense: 1.18% (As on 30-Sep-2019)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly20-Apr-20185.9427

 16-Mar-20185.9587
 16-Feb-20185.9587
 19-Jan-20185.9587
 15-Dec-20175.9587
 17-Nov-20175.9587
 27-Oct-20175.9587
 15-Sep-20175.9587
 18-Aug-20175.9587
 21-Jul-20175.9587
 16-Jun-20175.9587
 19-May-20175.9587
 21-Apr-20175.9587
 17-Mar-20175.9587
 17-Feb-20175.9587
 20-Jan-20175.9587
 16-Dec-20165.7781
 18-Nov-20165.7781
 21-Oct-20165.7781
 16-Sep-20165.7781
 19-Aug-20165.7781
 22-Jul-20165.7781
 17-Jun-20165.7781
 20-May-20165.7781
 22-Apr-20165.4170
Dividend Weekly15-Mar-20133.5853

 08-Mar-20132.6481
 01-Mar-20131.0010
 22-Feb-20131.0774
 15-Feb-20130.0719
 08-Feb-20131.7911
 01-Feb-20130.0487
 24-Jan-20131.1743
 18-Jan-20131.4963
 11-Jan-20132.6619
 04-Jan-20133.5493
 28-Dec-20121.6510
 23-Dec-20121.0571
 14-Dec-20121.6130
 07-Dec-20121.3607
 30-Nov-20121.9944
 23-Nov-20121.1865
 16-Nov-20121.6162
 11-Nov-20121.1445
 02-Nov-20120.2757
 25-Oct-20120.3764
 19-Oct-20122.6571
 12-Oct-20122.0924
 05-Oct-20122.2284
 28-Sep-20123.0011

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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