Franklin India Corporate Debt Fund Direct Growth

Franklin India Corporate Debt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Chandni Gupta, Rahul Goswami. This fund is suitable to keep your money safe.

1. Franklin India Corporate Debt Fund Direct Growth has ₹843 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.
   

Franklin India Corporate Debt Fund Direct Growth has given a CAGR return of 8.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 10.94%, 8.26% and 7.15% respectively.

Franklin India Corporate Debt Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are Pipeline Infrastructure Limited, Summit Digitel Infrastructure Limited, Small Industries Development Bank Of India, ICICI Home Finance Company Limited, Sikka Ports & Terminals Limited

As it is a corporate bond 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 investment objective of the Scheme is primarily to provide investors Regular income and Capital appreciation.

Minimum investment for lump sum payment is INR 10000.00 and for SIP is INR 500.00. Franklin India Corporate Debt Fund Direct Growth has no lock in period.