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:
|CCIL T Bill Liquidity Weight*||0.48||0.03||0.06||0.31||0.87||1.81||4.05||--||--||--||--|
As on 14-Feb-2020
* As on 17-Feb-2020
|Best (Period)||Worst (Period)|
|Week||0.73 (26-Mar-2019 - 02-Apr-2019)||-0.64 (18-Apr-2018 - 25-Apr-2018)|
|Month||1.87 (01-Mar-2019 - 02-Apr-2019)||-1.34 (17-Apr-2018 - 17-May-2018)|
|Quarter||3.41 (26-Sep-2018 - 26-Dec-2018)||-0.21 (06-Apr-2018 - 06-Jul-2018)|
|Year||11.64 (25-Sep-2018 - 25-Sep-2019)||6.59 (17-Jan-2018 - 17-Jan-2019)|
|CCIL T Bill Liquidity Weight*||4.06||0.27||-6.06||-10.48||--||--|
The Risk Measures have been calculated using calendar month returns for the last three years.
* As on 31-Jan-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||22||22||--||15|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||--||--||--||--|
|Yield to Maturity (%)||--||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|Kotak Mahindra Prime 26/04/2021||Debenture||AAA||9.78 - 9.89||9.89|
|7.14% HUDCO 22/12/2020||Non Convertible Debenture||AAA||8.81 - 9.41||8.81|
|7.07% Reliance Industries 24/12/2020||Bonds/Debentures||AAA||8.51 - 9.07||8.51|
|7.40% National Bank Agr. Rur. Devp 2021||Debenture||AAA||8.43 - 9.02||8.43|
|7.88% LIC Housing Fin. 28/01/2021||Bonds/NCDs||AAA||8.43 - 9.00||8.43|
|8.19% Mahindra Vehicle Manufacturers 23/02/2021||Debenture||AAA||8.28 - 8.97||8.28|
|7.94% HDB Financial Services 15/04/2021||Non Convertible Debenture||AAA||8.13 - 8.63||8.13|
|8.84% Power Grid Corporation 29/03/2021||Bonds||AAA||8.02 - 8.95||8.02|
|7.52% SIDBI 2021||Bonds/NCDs||AAA||6.62 - 7.08||6.62|
|8.75% HDFC 2021||Debenture||AAA||4.40 - 5.47||5.13|
|8.25% Tata Sons 23/03/2021||Debenture||AAA||4.95 - 5.31||4.95|
|7.48% Bennet Coleman & Company 26/04/2021||Bonds/NCDs||AAA||2.64 - 2.85||2.72|
|7.60% REC 17/04/2021||Bonds/NCDs||AAA||1.32 - 1.41||1.32|
|7.70% REC 15/03/2021||Bonds/NCDs||AAA||0.00 - 1.19||1.12|
|7.73% Power Finance Corp. 2021||Debenture||AAA||0.82 - 0.87||0.82|
|M&M Financial Services 2021||Debenture||AAA||0.58 - 0.70||0.70|
|7.75% Power Finance Corp. 15/04/2021||Debenture||AAA||0.51 - 0.54||0.51|
|9.18% Power Finance Corp. 15/04/2021||Bonds||AAA||0.31 - 0.33||0.31|
|7.50% Bajaj Finance 2020||Non Convertible Debenture||AAA||0.30 - 0.32||0.30|
|9.30% Fullerton India Credit 15/03/2021||Debenture||AAA||0.22 - 0.32||0.30|
|Bajaj Housing Finance 2021||Bonds/NCDs||AAA||0.12 - 0.12||0.12|
|7.65% IRFC 15/03/2021||Debenture||AAA||0.00 - 0.11||0.10|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Jan-2020
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.
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.
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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.
|Fund House:||Franklin Templeton Mutual Fund|
|Return Since Launch:||8.34%|
|Benchmark:||CRISIL Composite Bond|
|Plan||Record Date||Dividend (₹ / Unit)|
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]
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