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Franklin India Ultra Short Bond Fund - Retail Plan

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Debt: Ultra Short Duration

1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 Lakh

Analyst's Choice?

Suitability:

Ultra Short Duration debt funds invest in bonds maturing in 3 to 6 months' time. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
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cal

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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 -2.90 0.03 0.12 0.90 -2.00 0.03 4.50 6.83 7.73 8.22 8.22
CCIL T Bill Liquidity Weight 0.52 -0.03 0.04 0.28 0.83 1.77 4.03 4.10 4.46 4.76 4.71
Debt: Ultra Short Duration 0.76 0.05 0.09 0.52 1.31 2.98 6.51 6.19 6.98 7.85 7.96

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.41 (29-Aug-2013 - 05-Sep-2013) -4.25 (13-Jan-2020 - 20-Jan-2020)
Month 1.22 (30-Aug-2013 - 01-Oct-2013) -3.69 (23-Dec-2019 - 22-Jan-2020)
Quarter 2.89 (24-Jul-2013 - 23-Oct-2013) -2.34 (23-Oct-2019 - 22-Jan-2020)
Year 10.25 (26-Jul-2013 - 28-Jul-2014) 4.26 (22-Jan-2019 - 22-Jan-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.59 2.51 0.37 0.19 1.86 3.92
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Ultra Short Duration 6.14 1.64 1.35 3.07 1.48 2.85

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

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 110 149 110 40
Modified Duration (yrs) 0.49 0.52 0.39 0.36
Average Maturity (yrs) 0.61 0.62 0.49 0.43
Yield to Maturity (%) 9.51 10.48 9.25 6.22

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 9.45% Vedanta 17/08/2020 Debenture AA 0.00 - 4.94 4.94
equal Edelweiss Rural & Corporate Services 29/11/2021 Debenture AA- 0.00 - 4.57 4.57
equal 9.60% Renew Power 26/02/2021 Debenture A+ 3.32 - 4.19 4.19
equal 8.35% Bharti Airtel 20/04/2021 Non Convertible Debenture AA 0.00 - 3.39 3.39
equal JM Financial Credit Solutions 23/07/2024 Debenture AA 0.00 - 3.36 3.36
new Reserve Bank of India 70-D 17/03/2020 Treasury Bills SOV 0.00 - 3.09 3.09
equal 9.00% Indostar Capital Finance 2023 Debenture AA- 2.19 - 2.73 2.73
equal 8.25% Bharti Airtel 20/04/2020 Non Convertible Debenture AA 0.00 - 2.48 2.48
equal Indostar Capital Finance 2021 Debenture AA- 1.50 - 2.42 2.42
equal 8.57% NUVOCO Vistas Corp. 14/09/2020 Debenture AA 0.00 - 2.34 2.34
up Piramal Enterprises 29/05/2020 Debenture AA 0.00 - 1.93 1.93
equal Bharti Telecom 19/02/2021 Zero Coupon Bonds AA+ 0.00 - 1.73 1.73
equal Piramal Enterprises 15/05/2020 Debenture AA 0.00 - 1.68 1.68
new Piramal Enterprises 2022 Debenture AA 0.00 - 1.58 1.58
equal 8.10% Shriram Transport Finance 30/03/2020 Non Convertible Debenture AA+ 0.00 - 1.55 1.55
equal Northern ARC Capital 16/07/2021 Debenture A+ 0.40 - 0.50 1.48
equal Clix Capital Services 27/06/2023 Debenture AA- 1.17 - 1.46 1.46
equal Hero Solar Energy 21/06/2022 Debenture A 0.00 - 1.41 1.41
equal 10.15% Uttar Pradesh Power Corporation 20/01/2021 Debenture A+ 0.76 - 1.39 1.39
equal Tata Realty and Infrastructure 2021 Debenture AA 0.00 - 1.34 1.34
up 10.25% Sikka Ports and Terminals 22/08/2021 Debenture AAA 0.00 - 1.27 1.27
equal Motilal Oswal Home Finance 28/09/2023 Debenture AA- 0.00 - 1.25 1.25
equal Clix Capital Services 25/05/2023 Debenture AA- 0.00 - 1.24 1.24
equal Pune Solapur Expressways 31/03/2029 Debenture A 0.00 - 1.21 1.21
equal PNB Housing Finance Bonds/NCDs AA+ 0.00 - 1.18 1.18

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 31-Jan-2020

Fund Manager

— Pallab Roy since 20-Jun-2008

Education: Mr. Roy is a M.Com and MBA (Finance).

Experience: He has been associated with Franklin Templeton Investments since 2001.

Funds Managed:

— Santosh Kamath since 25-Oct-2018

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:

0.03%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 25.7749

Dividend Weekly: ₹ 9.7979

Dividend Daily: ₹ 9.7176

Investment Strategy

The scheme aims to enhance income consistent with a high level of liquidity, through a judicious portfolio mix of money market and debt instruments.

Investment Details

Minimum Investment (₹) 10,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 18-Dec-2007
Return Since Launch: 8.07%
Benchmark: NIFTY Ultra Short Duration Debt
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 16,099 Cr (As on 31-Jan-2020)
Expense: 0.86% (As on 31-Jan-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily15-Jan-20200.0017

 14-Jan-20200.0003
 13-Jan-20200.0055
 10-Jan-20200.0013
 09-Jan-20200.0021
 08-Jan-20200.0026
 07-Jan-20200.0019
 06-Jan-20200.0047
 03-Jan-20200.0031
 02-Jan-20200.0035
 01-Jan-20200.0034
 31-Dec-20190.0019
 30-Dec-20190.0036
 27-Dec-20190.0018
 26-Dec-20190.0028
 24-Dec-20190.0010
 23-Dec-20190.0060
 20-Dec-20190.0016
 19-Dec-20190.0024
 18-Dec-20190.0031
 17-Dec-20190.0024
 16-Dec-20190.0056
 12-Dec-20190.0019
 11-Dec-20190.0016
 10-Dec-20190.0022
Dividend Weekly10-Jan-20200.0134

 03-Jan-20200.0167
 27-Dec-20190.0094
 20-Dec-20190.0156
 13-Dec-20190.0109
 06-Dec-20190.0082
 29-Nov-20190.0164
 22-Nov-20190.0120
 15-Nov-20190.0169
 08-Nov-20190.0077
 01-Nov-20190.0061
 25-Oct-20190.0122
 18-Oct-20190.0130
 11-Oct-20190.0135
 04-Oct-20190.0153
 27-Sep-20190.0133
 20-Sep-20190.0039
 13-Sep-20190.0123
 06-Sep-20190.0115
 30-Aug-20190.0128
 23-Aug-20190.0076
 16-Aug-20190.0095
 09-Aug-20190.0134
 02-Aug-20190.0156
 26-Jul-20190.0143

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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