Franklin India Banking & PSU Debt Fund Direct Growth

Franklin India Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 25 April, 2014. The fund is managed by Anuj Tagra, Sandeep Manam, Chandni Gupta. This fund is suitable to keep your money safe.

1. Franklin India Banking & PSU Debt Fund Direct Growth has ₹543 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.2.
   

Franklin India Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.70%, 7.59% and 6.18% respectively.

Franklin India Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are India Infrastructure Finance Company Limited, 6.9% Govt Stock 2065, Jubilant Bevco Limited, Rec Limited, Small Industries Development Bank Of India

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

The fund seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Municipal bonds. However, there is no assurance or guarantee that the objective of the scheme will be achieved.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Franklin India Banking & PSU Debt Fund Direct Growth has no lock in period.