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

Franklin India Banking & PSU Debt Fund Direct Growth

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Debt
Direct
Banking & Psu

NAV: ₹ 19.6 as on 23-03-2023

Fund Performance
zero opening, trading, fund transfer fee
39 people have invested ₹ 2.1L in mutual fund in the last three months

Fund Insights

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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%

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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

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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

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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)

Return
1M
3M
6M
1Y
3Y
5Y
Franklin India Banking & PSU Debt Fund Direct Growth
0.6%
1.5%
2.9%
4.2%
6.1%
7.2%
Banking and PSU Index
0.6%
1.2%
2.6%
3.6%
5.9%
5.9%

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

Expense ratio
Expense ratio
0.16%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹713 Cr
Inception Date
Inception Date
25 April, 2014
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
99.65%

Fund Distribution as on (28-Feb-23)

  • Debt & Cash 100%

Credit rating breakup

AAA
98.5%
AA
1.5%

Sector Allocation

Feb'23

Jan'23

Dec'22

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 & Cash

Debt Holdings27
Holdings
Weight%
Holdings Trend
1M Change
7.26 8/22/2032 12:00:00 Am
7.26 8/22/2032 12:00:00 Am
11%
0%
7.38 6/20/2027 12:00:00 Am
7.38 6/20/2027 12:00:00 Am
9.39%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
7.15%
0%
State Bank Of India
State Bank Of India
6.83%
0%
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
5.77%
0%

Franklin India Banking & PSU Debt Fund Direct Growth: Monthly Changes Updates

All changes are between Dec'22 and Feb'23

Fund Performance

Feb'23
Jan'23
Dec'22
Fund Returns
0.25%
0.46%
0.43%
Banking and PSU Index
0.21%
0.37%
0.33%
  • 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

Parameters
Feb'23
Jan'23
Dec'22
AUM
₹ 712.5 Cr
₹ 703.8 Cr
₹ 705.1 Cr
  • 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%
Power Finance Corporation Ltd.'s allocation increased from 1.73% to 5.77%
Ntpc Limited's allocation increased from 0.73% to 3.77%
Ntpc Limited's allocation increased from 0.73% to 3.77%
Rural Electrification Corporation Limited's allocation increased from 0.73% to 1.53%
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 %
Rec Limited's allocation decreased from 3.71 % to 3.42 %
Power Finance Corporation Ltd.'s allocation decreased from 5.72 % to 1.73 %
Power Finance Corporation Ltd.'s allocation decreased from 5.72 % to 1.73 %
Ntpc Limited's allocation decreased from 3.73 % to 0.73 %
Ntpc Limited's allocation decreased from 3.73 % to 0.73 %
Debt allocation has gone down from 80.2% to 73.7%
Debt allocation has gone down from 80.2% to 73.7%
Cash allocation has gone up from 19.8% to 26.3%
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%

Franklin India Banking & PSU Debt Fund Direct Growth Fund Manager

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
Sandeep Manam

Sandeep Manam

Fund Manager of Franklin India Banking & PSU Debt Fund Direct Growth, since 18 October 2021

Fund Highlights

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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 7.86% since inception which is more than its category average return of 5.41%
AUM size ₹713 Cr

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%

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%
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  • 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%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.