Franklin India Banking & PSU Debt Fund Direct Growth

Debt
Direct
Banking & Psu
Franklin India Banking & PSU Debt Fund Direct Growth

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. This fund is suitable to keep your money safe.

Key Parameters

  1. Franklin India Banking & PSU Debt Fund Direct Growth has ₹624 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Franklin India Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.06%, 5.44% and 6.67% respectively.

Holdings

Franklin India Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Housing Bank, Food Corporation Of India, 7.18% Govt Stock 2033, HDFC Bank Limited, Indian Railway Finance Corporation Limited

Taxation

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:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Franklin India Banking & PSU Debt Fund Direct Growth

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 and lockin period

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.

Fund Performance
zero opening, trading, fund transfer fee
38 people have invested ₹ 2.3L in Franklin India Banking & PSU Debt Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.18%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹624 Cr
Inception Date25 April, 2014
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
66.94%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 94.8%

AAA
94.6%

AA
5.4%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
54.7%
Government
34.6%
Cash Equivalent
10.7%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
National Housing Bank
National Housing Bank
8.53%
100%
Food Corporation Of India
Food Corporation Of India
7.95%
0%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
6.6%
100%
HDFC Bank Limited
HDFC Bank Limited
4.26%
0%
Indian Railway Finance Corporation Limited
Indian Railway Finance Corporation Limited
4.23%
100%

Sachin Padwal-Desai
Sachin Padwal-Desai
Fund Manager of Franklin India Banking & PSU Debt Fund Direct Growth, since 25 April 2014
Umesh Sharma
Umesh Sharma
Fund Manager of Franklin India Banking & PSU Debt Fund Direct Growth, since 25 April 2014

Mutual Fund Insights

Insights icon
This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.18% which is lower than the category average expense ratio of 0.55%.
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Over the last 6 months, this fund has experienced a 4.5% drop in AUM moving from 653.57 Cr to 624.25 Cr.
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In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.27% return, outperforming this fund by 0.6% per annum.
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In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.69% return, outperforming this fund by 0.63%.
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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.56% return, outperforming this fund by 2.12% per annum.

Franklin India Banking & PSU Debt Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.83% since inception which is more than its category average return of 5.51%
AUM size ₹624 Cr

AUM size ₹624 Cr

This fund has AUM of ₹624 Cr which is less than its category average of ₹ 3717 Cr
Expense Ratio 0.18%

Expense Ratio 0.18%

This fund has an expense ratio of 0.18% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions

The current NAV of Franklin India Banking & PSU Debt Fund Direct Growth is ₹21.47 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Franklin India Banking & PSU Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.66%
0.66%
6 Month Returns
3.85%
3.85%
1 Year Returns
7.06%
7.06%
3 Years Returns
17.22%
5.44%
5 Years Returns
38.13%
6.67%
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.
0.18% as on May 2024
₹624 Cr as on May 2024
National Housing Bank(8.53%), Food Corporation Of India(7.95%), 7.18% Govt Stock 2033(6.6%), HDFC Bank Limited(4.26%), Indian Railway Finance Corporation Limited(4.23%) as on May 2024
Corporate(54.69%), Government(34.64%), Cash Equivalent(10.66%) as on May 2024
Yield to Maturity is 7.59 as on May 2024. 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 2.03 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
94.55
AA
5.45
Sachin Padwal-Desai, Umesh Sharma 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%