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Franklin India Corporate Debt Fund


1 Lakh

Investment Grown to
₹ 1.08 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

Analyst's Choice?

Suitability:

Corporate Bond funds have a narrow mandate of investing mainly in the highest rated corporate bonds.

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 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 2.35 -0.01 0.00 1.36 -0.52 2.44 8.19 7.70 8.04 8.15 8.84
VR Bond 4.45 0.05 0.14 1.00 2.49 4.89 8.73 7.16 7.42 7.44 7.53
Debt: Corporate Bond 4.58 -0.02 0.03 2.01 2.51 4.71 8.50 7.28 7.70 7.83 7.92
Rank within category 20 7 12 18 20 20 14 8 7 5 1
Number of funds in category 20 20 20 20 20 20 20 14 13 10 7

As on 29-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.07 (19-Aug-2013 - 26-Aug-2013) -4.62 (12-Aug-2013 - 19-Aug-2013)
Month 6.63 (28-Nov-2008 - 30-Dec-2008) -5.66 (19-Jul-2013 - 19-Aug-2013)
Quarter 7.69 (16-Oct-2008 - 15-Jan-2009) -7.54 (20-May-2013 - 19-Aug-2013)
Year 20.37 (04-Dec-2000 - 04-Dec-2001) -1.77 (16-Oct-2003 - 15-Oct-2004)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.30 2.45 0.74 1.07 0.76 0.69
VR Bond 6.97 1.99 0.75 1.65 -- --
Debt: Corporate Bond 6.69 2.52 0.85 1.56 0.59 0.33
Rank within category 7 9 10 10 11 8
Number of funds in category 14 14 14 14 14 14

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

As on 30-Apr-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 51 72 50 67
Modified Duration (yrs) 1.84 3.22 1.84 --
Average Maturity (yrs) 2.31 4.43 2.31 --
Yield to Maturity (%) 6.66 10.05 6.66 --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
new 6.18% GOI 2024 GOI Securities SOV 0.00 - 10.92 10.92
equal 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 4.33 - 7.26 7.26
equal 8.45% ONGC Petro Additions 2023 Debenture AAA 0.00 - 4.73 4.73
equal 10.25% Shriram Transport Finance 26/04/2024 Debenture AA+ 3.30 - 5.58 4.24
equal 8.60% ONGC Petro Additions 2022 Debenture AAA 2.90 - 5.13 4.06
down 9.25% Power Finance Corp. 25/09/2024 Non Convertible Debenture AAA 0.00 - 6.42 3.76
equal 9.90% Coastal Gujarat Power 27/08/2028 Debenture AA 2.23 - 3.57 2.66
equal 8.85% ONGC Petro Additions 19/04/2022 Debenture AAA 1.79 - 2.76 2.51
new 7.60% Nat. Highways Authority 18/03/2022 Bonds AAA 0.00 - 2.40 2.40
equal 7.09% REC 17/10/2022 Debenture AAA 0.00 - 2.32 2.32
equal 7.80% Shriram Transport Finance 17/07/2020 Debenture AA+ 0.00 - 2.32 2.32
equal 7.44% Power Finance Corp. 2027 Bonds AAA 0.00 - 2.32 2.32
new HPCL 14/08/2024 Debenture AAA 0.00 - 1.91 1.91
equal LIC Housing Fin. 25/02/2022 Debenture AAA 1.27 - 2.05 1.80
equal 7.17% Nat. Highways Authority 23/12/2021 Non Convertible Debenture AAA 0.00 - 2.83 1.71
equal 8.02% Export-Import Bank 29/10/2025 Bonds AAA 0.00 - 1.40 1.40
down ICICI Bank 14/09/2020 Certificate of Deposit A1+ 0.00 - 1.66 1.38
down 9.20% ICICI Bank 31/12/2050 Bonds AA+ 1.37 - 4.18 1.37
equal 8.39% National Bank Agr. Rur. Devp 19-D 19/07/2021 Debenture AAA 0.80 - 1.38 1.13
equal 8.30% REC 2025 Bonds AAA 0.00 - 0.96 0.96
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 0.93 0.93
equal 9.15% Coastal Gujarat Power 14/06/2022 Debenture AA 0.00 - 1.10 0.91
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 0.28 - 0.76 0.74
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.40 - 1.22 0.56
equal Canara Bank Debenture A+ 0.00 - 0.53 0.53

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-Apr-2020

Fund Manager

— Sachin Padwal-Desai since 25-Oct-2018

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 15-Apr-2014

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 25-Oct-2018

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:


-0.01%

Change from previous, NAV as on 29-May-2020

Growth: ₹ 72.0839

Dividend Yearly: ₹ 17.3314

More

Dividend Quarterly: ₹ 13.3942

Dividend Monthly: ₹ 15.9320

Dividend Half Yearly: ₹ 13.8797


Investment Strategy

The Scheme seeks primarily to provide investors Regular income and Capital appreciation.

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 (₹) 1,000
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 23-Jun-1997
Return Since Launch: 8.99%
Benchmark: NIFTY Corporate Bond TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 1,072 Cr (As on 30-Apr-2020)
Expense: 0.92% (As on 30-Apr-2020)
Risk Grade: Average
Return Grade: Above Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Monthly22-May-20200.0925

 17-Apr-20200.0900
 20-Mar-20200.0720
 24-Jan-20200.0720
 20-Dec-20190.0720
 22-Nov-20190.0720
 18-Oct-20190.0720
 20-Sep-20190.0720
 23-Aug-20190.0720
 19-Jul-20190.0720
 21-Jun-20190.0720
 24-May-20190.0720
 18-Apr-20190.0720
 22-Mar-20190.0720
 15-Feb-20190.0720
 18-Jan-20190.0720
 21-Dec-20180.0720
 22-Nov-20180.0720
 19-Oct-20180.0720
 21-Sep-20180.0720
 24-Aug-20180.0720
 20-Jul-20180.0720
 15-Jun-20180.0720
 18-May-20180.0720
 20-Apr-20180.0720
Dividend Half Yearly20-Mar-20200.3962

 20-Sep-20190.3962
 22-Mar-20190.3962
 21-Sep-20180.3602
 16-Mar-20180.3972
 15-Sep-20170.3972
 17-Mar-20170.3972
 16-Sep-20160.3972
 28-Mar-20160.3792
 18-Sep-20150.3792
 20-Mar-20150.3811
 19-Sep-20140.3702
 21-Mar-20140.3117
 27-Sep-20130.2727
 15-Mar-20130.3083
 28-Sep-20120.3083
 30-Mar-20120.3083
 29-Sep-20110.3083
 28-Mar-20110.3074
 24-Sep-20100.3514
 26-Mar-20100.7008
 25-Sep-20090.7008
 26-Mar-20090.6745
 26-Sep-20080.3504
 28-Mar-20080.6044
Dividend Quarterly20-Mar-20200.1981

 20-Dec-20190.1981
 20-Sep-20190.1981
 21-Jun-20190.1981
 22-Mar-20190.1981
 21-Dec-20180.1981
 21-Sep-20180.1981
 15-Jun-20180.1981
 16-Mar-20180.1986
 15-Dec-20170.1986
 15-Sep-20170.1986
 16-Jun-20170.1986
 17-Mar-20170.1986
 16-Dec-20160.1986
 16-Sep-20160.1986
 17-Jun-20160.1986
 28-Mar-20160.1986
 18-Dec-20150.1986
 18-Sep-20150.1986
 19-Jun-20150.1986
 20-Mar-20150.1996
 19-Dec-20140.1996
 19-Sep-20140.1948
 20-Jun-20140.1948
 21-Mar-20140.1948
Dividend Yearly20-Mar-20201.0085

 22-Mar-20190.9724
 16-Mar-20180.9751
 17-Mar-20170.9028
 28-Mar-20160.7223
 20-Mar-20150.3448
 26-Mar-20090.6132
 28-Mar-20080.8234
 28-Mar-20070.2631
 29-Mar-20060.2631
 24-Mar-20050.3980
 26-Mar-20041.0000
 28-Mar-20031.0000
 26-Mar-20021.4000
 23-Mar-20011.0000
 24-Mar-20001.2000
 30-Jun-19991.2750
 30-Apr-19981.0000

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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