Franklin India Banking & PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV: ₹ 19.6 as on 23-03-2023
Fund Performance
39 people have invested ₹ 2.1L in mutual fund in the last three months
Fund Insights
In the last 1 year, UTI Banking & PSU Debt Fund Direct Plan Growth has given 11.02% return, outperforming Franklin India Banking & PSU Debt Fund Direct Growth by 6.86%
In the last 3 years, UTI Banking & PSU Debt Fund Direct Plan Growth has given 7.94% return, outperforming Franklin India Banking & PSU Debt Fund Direct Growth by 1.85% per annum
In the last 5 years, Edelweiss Banking and PSU Debt Fund Direct Plan Growth has given 7.92% return, outperforming Franklin India Banking & PSU Debt Fund Direct Growth by 0.77% per annum
Franklin India Banking & PSU Debt Fund Direct Growth has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.16% which is lower than the category average expense ratio of 0.55%
Franklin India Banking & PSU Debt Fund Direct Growth Performance as on (23-Mar-23)
About the Fund
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 Sachin Padwal-Desai, Umesh Sharma, Sandeep Manam. This fund is suitable to keep your money safe.
Key parameters
1) Franklin India Banking & PSU Debt Fund Direct Growth has a NAV of ₹19.6376 as on 23-03-2023.
2) Franklin India Banking & PSU Debt Fund Direct Growth has ₹713 Cr worth of assets under management (AUM) as on 31-01-2023 and is less than category average.
3) The fund has an expense ratio 0.16 %.
Franklin India Banking & PSU Debt Fund Direct Growth Overview
 | 0.16% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹713 Cr |
 | 25 April, 2014 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 99.65% |
Fund Distribution as on (28-Feb-23)
Credit rating breakup
AAA
98.5%
AA
1.5%
Sector Allocation
Government
60.4%
Corporate
26.9%
Cash Equivalent
12.7%
Top Holdings of Franklin India Banking & PSU Debt Fund Direct Growth as on (28-Feb-23)
Debt Holdings27
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
 7.26 8/22/2032 12:00:00 Am | 11% | 0% | |
7.38 6/20/2027 12:00:00 Am | 9.39% | 0% | |
National Bank For Agriculture And Rural Development | 7.15% | 0% | |
State Bank Of India | 6.83% | 0% | |
Power Finance Corporation Ltd. | 5.77% | 0% |
See all
Franklin India Banking & PSU Debt Fund Direct Growth: Monthly Changes Updates
All changes are between Dec'22 and Feb'23
Fund Performance
- This fund’s returns stands at 0.25% whereas the fund’s underlying benchmark Banking and PSU Index returns stands at 0.21% as on Feb'23
- This fund outperformed Banking and PSU Index by 0.04% in Feb'23
AUM Change
- AUM of the fund stands at 712.5 Cr as of Feb'23
- AUM increased by 8.6 Cr between Feb'23 and Jan'23
Fund Portfolio Changes
Top Stocks bought last month
Power Finance Corporation Ltd.'s allocation increased from 1.73% to 5.77%
Ntpc Limited's allocation increased from 0.73% to 3.77%
Rural Electrification Corporation Limited's allocation increased from 0.73% to 1.53%
Top Stocks sold last month
Rec Limited's allocation decreased from 3.71 % to 3.42 %
Power Finance Corporation Ltd.'s allocation decreased from 5.72 % to 1.73 %
Ntpc Limited's allocation decreased from 3.73 % to 0.73 %
Debt allocation has gone down from 80.2% to 73.7%
Cash allocation has gone up from 19.8% to 26.3%
Top 2 Sectors in February were Government, Corporate
Feb'23
Government
60%
Corporate
27%
Jan'23
Government
67%
Corporate
31%
Peer Analysis
Franklin India Banking & PSU Debt Fund Direct Growth Fund Manager
Sachin Padwal-Desai
Fund Manager of Franklin India Banking & PSU Debt Fund Direct Growth, since 25 April 2014
Top funds managed
Umesh Sharma
Fund Manager of Franklin India Banking & PSU Debt Fund Direct Growth, since 25 April 2014
Top funds managed
Sandeep Manam
Fund Manager of Franklin India Banking & PSU Debt Fund Direct Growth, since 18 October 2021
Top funds managed
Fund Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.86% since inception which is more than its category average return of 5.41%
AUM size ₹713 Cr
This fund has AUM of ₹713 Cr which is less than its category average of ₹ 3500 Cr
Expense Ratio 0.16%
This fund has an expense ratio of 0.16% which is less than its category average expense ratio of 0.48%
Frequently Asked Questions
The current NAV of Franklin India Banking & PSU Debt Fund Direct Growth is 19.6 as on 17-Mar-2023.
Existing (Absolute + CAGR)
Franklin India Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.58% | 0.58% |
6 Month Returns | 2.84% | 2.84% |
1 Year Returns | 4.13% | 4.13% |
3 Years Returns | 18.21% | 5.73% |
5 Years Returns | 41.2% | 7.14% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.16 as on February 2023
712 Cr as on February 2023
Yield to Maturity is 7.72 as on February 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 1.97 as on February 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 98.52 |
AA | 1.48 |
Umesh Sharma,Sachin Padwal-Desai,Sandeep Manam are the fund managers of Franklin India Banking & PSU Debt Fund Direct Growth
The Exit load of Franklin India Banking & PSU Debt Fund Direct Growth is 0%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.