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Franklin India Dynamic Accrual Fund


1 Lakh

Investment Grown to
₹ 1.06 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Analyst's Choice?

Suitability:

Dynamic Bond funds have the freedom to invest in bonds of any duration. Depending upon where it expects to earn maximum returns, the fund management team decides whether to invest in bonds maturing in a few months time or in the ones maturing several years later. Therefore, they are the most versatile type of debt funds available.

However, like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 5.66 -0.09 0.72 6.41 7.63 8.63 8.10
VR Bond 6.71 -0.12 0.36 7.30 5.80 6.98 7.16
Debt: Dynamic Bond 6.32 -0.38 0.28 6.93 4.83 6.85 7.85
Rank within category 22 14 12 21 1 2 4
Number of funds in category 29 29 29 29 24 23 14

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 6.51 (28-Nov-2008 - 30-Dec-2008) -6.30 (19-Jul-2013 - 19-Aug-2013)
Quarter 7.76 (16-Oct-2008 - 15-Jan-2009) -8.15 (20-May-2013 - 19-Aug-2013)
Year 18.73 (04-Dec-2000 - 04-Dec-2001) -1.26 (16-Oct-2003 - 15-Oct-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.53 1.58 1.11 1.86 0.40 1.81
VR Bond 5.65 2.30 -0.06 -0.09 -- --
Debt: Dynamic Bond 4.81 3.42 -0.06 0.00 1.15 -0.82
Rank within category 1 2 2 2 2 1
Number of funds in category 27 27 27 27 27 27

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

As on 30-Nov-2019

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 86 96 86 21
Modified Duration (yrs) 1.88 2.16 1.85 3.96
Average Maturity (yrs) 2.54 3.01 2.50 5.57
Yield to Maturity (%) 12.11 12.11 10.93 7.01

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 10.25% Shriram Transport Finance 26/04/2024 Debenture AA+ 6.39 - 7.25 6.47
equal 8.35% Bharti Airtel 20/04/2021 Non Convertible Debenture AA 0.00 - 3.86 3.86
equal Adani Rail Infra 28/04/2023 Debenture AA- 2.69 - 3.47 3.47
equal 8.95% Pipeline Infrastructure 22/03/2024 Non Convertible Debenture AAA 0.00 - 4.88 3.05
equal 10.15% Uttar Pradesh Power Corporation 20/01/2023 Debenture A+ 2.73 - 2.95 2.79
equal 11.84% Hero Solar Energy 2022 Debenture A+ 0.00 - 2.54 2.54
equal 11.50% SD Corporation 2022 Debenture AA 0.00 - 2.53 2.51
equal Piramal Enterprises 29/05/2020 Debenture AA 2.48 - 2.65 2.51
equal Edelweiss Rural & Corporate Services 29/11/2021 Debenture AA- 0.00 - 2.51 2.51
equal 11.25% India Shelter Finance Corporation 2026 Debenture A 0.00 - 2.49 2.49
new 9.31% Tata Motors 29/09/2023 Debenture AA- 0.00 - 2.49 2.49
equal 12.50% JM Fin Asset Reconstruction co 2022 Debenture AA- 0.00 - 2.48 2.48
equal 10.32% Andhra Pradesh Capital Region Development Authority 16/08/2027 Debenture A+ 2.30 - 2.81 2.34
equal 11.25% Aadarshini Real Estate Developers 29/07/2020 Debenture A+ 0.00 - 2.27 2.27
new 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 2.22 2.22
down 9.10% India Grid Trust 2022 Debenture AAA 0.00 - 2.41 2.18
new 8.25% Vodafone Idea 2020 Bonds/Debentures BBB- 0.00 - 2.12 2.12
equal 10.90% Ess Kay Fincorp 2021 Debenture A 0.61 - 1.31 1.85
equal 9.50% Piramal Capital & Housing Finance 15/04/2022 Debenture AA 0.00 - 1.79 1.79
new 10.90% Vodafone Idea 2023 Debenture BBB- 0.00 - 1.78 1.78
equal Pune Solapur Expressways 31/03/2029 Debenture A 1.65 - 3.06 1.67
equal 12.30% Sterlite Power Grid Ventures 28/03/2022 Debenture A+ 0.00 - 1.66 1.64
new 7.40% Tata Motors 29/06/2021 Bonds AA- 0.00 - 1.50 1.50
equal 11.50% Rivaaz Trade Ventures 30/03/2023 Debenture AA- 1.39 - 1.52 1.48
equal Sadbhav Infrastructure Project 2023 Debenture A 0.00 - 1.46 1.46

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 30-Nov-2019

Fund Manager

— Sachin Padwal-Desai since 21-Jul-2004

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:

— Santosh Kamath since 23-Feb-2015

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:

— Umesh Sharma since 05-Jul-2010

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:


-0.05%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 68.8815

Dividend Quarterly: ₹ 11.8412


Investment Strategy

The scheme aims to generate a steady stream of income and to generate capital appreciation through investment focus on high credit quality and highly liquid money market instruments.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 2,000
Exit Load For units in excess of 10% of the investment,3% will be charged for redemption within 365 days
For units in excess of 10% of the investment,2% will be charged for redemption between 366 - 730 days
For units in excess of 10% of the investment,1% will be charged for redemption between 731 - 1095 days
For units in excess of 10% of the investment,0.5% will be charged for redemption between 1096 - 1460 days

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 05-Mar-1997
Benchmark: CRISIL Composite Bond
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,981 Cr (As on 30-Nov-2019)
Expense: 1.66% (As on 30-Nov-2019)
Risk Grade: Low
Return Grade: Above Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Quarterly20-Sep-20190.1621

 21-Jun-20190.1621
 22-Mar-20190.1621
 21-Dec-20180.1621
 21-Sep-20180.1621
 15-Jun-20180.1621
 16-Mar-20180.1625
 15-Dec-20170.1625
 15-Sep-20170.1625
 16-Jun-20170.1625
 17-Mar-20170.1625
 16-Dec-20160.1625
 16-Sep-20160.1625
 17-Jun-20160.1625
 28-Mar-20160.1625
 18-Dec-20150.1625
 18-Sep-20150.1625
 19-Jun-20150.1625
 20-Mar-20150.1633
 19-Dec-20140.1633
 19-Sep-20140.1714
 20-Jun-20140.1753
 21-Mar-20140.1559
 27-Dec-20130.1559
 27-Sep-20130.1169

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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM