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Unrated

Franklin India Fixed Maturity Plan Series 1 Plan B (1104 Days) - Regular Plan


1 Lakh

Investment Grown to
₹ 1.08 Lakh

Analyst's Choice?

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from 3 months to 5 years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

If you are looking to invest for a defined tenure during which you are sure you will not need to redeem your money, you may consider investing in an FMP of a matching duration. But avoid them if your investment horizon is more than 3 years. We believe that retail investors who are looking to invest for 3 years or more should have at least some portion of their money in equity because of its ability to earn much higher returns. That makes FMPs unsuitable.

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 0.87 0.02 0.11 0.40 1.34 3.14 8.25 -- -- -- --
CCIL T Bill Liquidity Weight 0.58 0.02 0.03 0.28 0.79 1.74 4.08 -- -- -- --
Debt: FMP 1.50 -0.03 0.08 0.78 1.85 3.98 8.87 -- -- -- --
Rank within category 676 63 182 680 661 634 489 -- -- -- --
Number of funds in category 712 716 715 715 710 702 628 42 7 0 0

As on 28-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.53 (06-Jun-2017 - 13-Jun-2017) -0.42 (19-Apr-2018 - 26-Apr-2018)
Month 1.45 (06-Mar-2018 - 05-Apr-2018) -0.81 (17-Apr-2018 - 17-May-2018)
Quarter 2.94 (26-Sep-2018 - 26-Dec-2018) 0.24 (06-Nov-2017 - 05-Feb-2018)
Year 10.24 (25-Sep-2018 - 25-Sep-2019) 4.18 (25-Sep-2017 - 25-Sep-2018)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.06 0.27 -6.06 -10.48 -- --
Debt: FMP* 6.98 1.65 1.01 1.46 3.03 6.18
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 16 16 -- 15
Modified Duration (yrs) -- -- -- --
Average Maturity (yrs) -- -- -- --
Yield to Maturity (%) -- -- -- --

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 8.87% REC 2020 Bonds AAA 9.85 - 11.05 10.31
equal 8.15% National Bank Agr. Rur. Devp 2020 Bonds AAA 10.30 - 11.08 10.30
equal 7.85% Kotak Mahindra Prime 2020 Debenture AAA 8.86 - 10.07 9.52
equal 7.90% Tata Sons 2020 Debenture AAA 8.71 - 9.28 8.71
equal 8.15% Power Grid Corporation 2020 Debenture AAA 8.32 - 8.96 8.32
equal 8.78% NTPC 2020 Bonds/NCDs AAA 7.93 - 8.59 7.93
equal 7.78% HDFC 24/03/2020 Debenture AAA 7.93 - 8.46 7.93
equal 8.36% Power Finance Corp. 26/02/2020 Bonds AAA 7.92 - 8.52 7.92
equal 6.73% IRFC 23/03/2020 Debenture AAA 7.53 - 7.99 7.53
equal 7.80% LIC Housing Fin. 19/03/2020 Debenture AAA 5.95 - 6.34 5.95
equal 7.85% Bajaj Finance 2020 Debenture AAA 5.16 - 5.48 5.16
equal 7.09% Export-Import Bank 2020 Bonds AAA 0.00 - 1.26 1.19
equal Power Finance Corp. 360-D 06/03/2020 Commercial Paper A1+ 0.00 - 0.99 0.98
equal LIC Housing Fin. 312-D 24/03/2020 Commercial Paper A1+ 0.00 - 0.98 0.98
equal SIDBI 15/05/2020 Securitised Debt A1+ 0.00 - 0.97 0.97
equal HDFC 362-D 02/03/2020 Commercial Paper A1+ 0.00 - 0.39 0.39

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 08-May-2017

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 08-May-2017

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:


0.02%

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

Growth: ₹ 12.1623

Dividend Quarterly: ₹ 10.0609

Dividend: ₹ 10.8648


Investment Strategy

The Scheme seeks to generate income by investing in a portfolio of fixed income securities/ debt instruments maturing on or before the maturity of the Scheme.

Tenure (Days) 1104
Maturity date 20-May-2020

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 12-May-2017
Return Since Launch: 7.24%
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Closed-end

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly20-Feb-20200.1333

 22-Nov-20190.1333
 23-Aug-20190.1765
 24-May-20190.1693
 15-Feb-20190.1621
 22-Nov-20180.1080
 24-Aug-20180.1441
 25-May-20180.0720
 16-Feb-20180.0614
 24-Nov-20170.1228
 24-Aug-20170.1083
Dividend24-May-20190.6483

 25-May-20180.2161

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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