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||1.78||0.11||0.16||0.35||1.22||2.09||4.36||--||--||--||--|
|Rank within category||81||262||243||43||136||69||167||--||--||--||--|
|Number of funds in category||643||654||654||651||646||640||614||51||6||0||0|
As on 22-May-2020
|Best (Period)||Worst (Period)|
|Week||2.41 (24-Mar-2020 - 31-Mar-2020)||-1.87 (12-Mar-2020 - 19-Mar-2020)|
|Month||3.24 (24-Mar-2020 - 23-Apr-2020)||-2.27 (25-Feb-2020 - 26-Mar-2020)|
|Quarter||3.75 (01-Jan-2019 - 02-Apr-2019)||-0.15 (26-Dec-2019 - 26-Mar-2020)|
|Year||11.74 (06-Feb-2019 - 06-Feb-2020)||7.38 (27-Mar-2019 - 26-Mar-2020)|
|CCIL T Bill Liquidity Weight*||4.16||0.26||-5.00||-9.29||--||--|
|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 30-Apr-2020
|Fund||1Y High||1Y Low||Category|
|Number of Securities||17||17||15||15|
|Modified Duration (yrs)||--||--||--||1.63|
|Average Maturity (yrs)||1.81||2.72||1.81||1.08|
|Yield to Maturity (%)||--||--||--||6.76|
|Company||Instrument||Credit Rating||1Y Range||% Assets|
|LIC Housing Fin. 25/02/2022||Debenture||AAA||11.89 - 12.02||11.89|
|7.35% BPCL 2022||Bonds||AAA||10.44 - 11.15||10.44|
|8.35% REC 13/03/2022||Debenture||AAA||10.44 - 11.18||10.44|
|9.48% Tata Capital Financial Services 2022||Non Convertible Debenture||AAA||10.26 - 11.14||10.26|
|10.25% Sikka Ports and Terminals 22/08/2021||Debenture||AAA||10.10 - 11.13||10.10|
|8.60% ONGC Petro Additions 2022||Debenture||AAA||8.98 - 9.50||9.24|
|8.60% National Bank Agr. Rur. Devp 31/01/2022||Debenture||AAA||7.77 - 8.28||7.77|
|Fullerton India Credit 19/04/2022||Debenture||AAA||6.52 - 6.78||6.78|
|8.81% SIDBI 25/01/2022||Debenture||AAA||5.78 - 6.17||5.78|
|Aditya Birla Finance 2022||Debenture||AAA||3.84 - 3.92||3.91|
|7.90% National Bank Agr. Rur. Devp 18/04/2022||Non Convertible Debenture||AAA||0.00 - 2.87||2.86|
|HDB Financial Services 29/10/2021||Bonds/NCDs||AAA||2.60 - 2.63||2.61|
|Bajaj Housing Finance 2022||Debenture||AAA||0.98 - 0.99||0.98|
|Aditya Birla Housing Finance 13/04/2022||Debenture||AAA||0.94 - 0.96||0.96|
|7.60% Nat. Highways Authority 18/03/2022||Bonds||AAA||0.85 - 0.91||0.85|
|9.38% L&T Housing Finance 2022||Debenture||AAA||0.84 - 0.92||0.84|
|Bajaj Finance 2022||Zero Coupon Bonds||AAA||0.00 - 0.65||0.65|
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Apr-2020
*As on 31-Mar-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:||11.19%|
|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