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||0.78 (26-Mar-2019 - 02-Apr-2019)||-0.59 (18-Sep-2018 - 25-Sep-2018)|
|Month||1.98 (01-Mar-2019 - 02-Apr-2019)||-1.02 (24-Aug-2018 - 25-Sep-2018)|
|Quarter||3.30 (01-Jan-2019 - 02-Apr-2019)||0.51 (02-Aug-2018 - 01-Nov-2018)|
|Year||10.77 (01-Nov-2018 - 01-Nov-2019)||8.46 (25-Jul-2018 - 25-Jul-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||20||20||--||15|
|Modified Duration (yrs)||--||--||--||--|
|Average Maturity (yrs)||--||--||--||--|
|Yield to Maturity (%)||--||--||--||--|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|8.82% Aditya Birla Housing Finance 26/07/2021||Debenture||AAA||10.87 - 11.00||10.94|
|8.32% Reliance Jio Infocomm 2021||Debenture||AAA||10.87 - 11.30||10.88|
|8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021||Debenture||AAA||10.65 - 11.46||10.65|
|9.40% REC 17/07/2021||Bonds||AAA||9.60 - 10.36||9.60|
|8.81% Aditya Birla Finance 26/07/2021||Zero Coupon Bonds||AAA||8.94 - 9.08||9.01|
|Fullerton India Credit 15/07/2021||Deep Discount Bonds||AAA||7.33 - 7.45||7.42|
|9.70% Power Finance Corp. 2021||Bonds||AAA||7.41 - 8.01||7.41|
|10.40% Sikka Ports and Terminals 18/07/2021||Bonds/NCDs||AAA||7.19 - 7.76||7.19|
|8.25% L&T Finance 21/06/2021||Debenture||AAA||4.88 - 5.25||4.88|
|8.05% Power Finance Corp. 27/04/2021||Debenture||AAA||3.11 - 3.33||3.11|
|8.40% Power Grid Corporation 27/05/2021||Debenture||AAA||3.04 - 3.28||3.04|
|8.50% NHPC 14/07/2021||Bonds/Debentures||AAA||2.96 - 3.18||2.96|
|Sundaram Finance 15/07/2021||Debenture||AAA||2.67 - 2.71||2.70|
|7.48% Bennet Coleman & Company 26/04/2021||Bonds/NCDs||AAA||0.00 - 2.80||2.69|
|8.75% HDFC 2021||Debenture||AAA||0.99 - 1.97||1.89|
|8.22% ICICI Home Finance Company 27/05/2021||Bonds/NCDs||AAA||1.21 - 1.30||1.21|
|9.30% Fullerton India Credit 15/03/2021||Debenture||AAA||0.00 - 0.39||0.37|
|Bajaj Housing Finance 2021||Bonds/NCDs||AAA||0.00 - 0.22||0.22|
|M&M Financial Services 2021||Debenture||AAA||0.22 - 0.22||0.22|
|7.88% LIC Housing Fin. 28/01/2021||Bonds/NCDs||AAA||0.00 - 0.10||0.09|
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.
Personal finance advice and mutual fund ideas delivered to your inbox every Monday
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:||9.23%|
|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