Franklin India Corporate Debt Fund Direct Growth

Franklin India Corporate Debt Fund Direct Growth

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Debt
Direct
Corporate Bond
NAV: ₹ 97.21 as on 12-06-2024

About the Fund

Franklin India Corporate Debt Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Sachin Padwal-Desai, Umesh Sharma. This fund is suitable to keep your money safe.

Key Parameters

  1. Franklin India Corporate Debt Fund Direct Growth has ₹761 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Franklin India Corporate Debt Fund Direct Growth has given a CAGR return of 8.33% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.98%, 5.46% and 6.52% respectively.

Holdings

Franklin India Corporate Debt Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are National Housing Bank, Pipeline Infrastructure Ltd. 7.96%, ICICI Home Finance Company Limited 8.1%, Sikka Ports & Terminals Limited, Small Industries Development Bank Of India

Taxation

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:
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 Corporate Debt Fund Direct Growth

The investment objective of the Scheme is primarily to provide investors Regular income and Capital appreciation.

Minimum Investment and lockin period

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.

Fund Performance
zero opening, trading, fund transfer fee
34 people have invested ₹ 5.3L in Franklin India Corporate Debt Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.26%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹761 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹10000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
42.59%

Franklin India Corporate Debt Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
66.9%
Government
25.3%
Cash Equivalent
7.8%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 729.9 Cr
₹ 748.2 Cr
₹ 738.7 Cr
  • AUM of the fund stands at 729.9 Cr as of Apr'24
  • AUM decreased by 18.3 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Franklin India Corporate Debt Fund Direct Growth as on (31-May-24)

  • Debt & Cash

Debt Holdings26
Holdings
Weight%
1M Change
National Housing Bank
National Housing Bank
7%
100%
Pipeline Infrastructure Ltd. 7.96%
Pipeline Infrastructure Ltd. 7.96%
6.72%
0%
ICICI Home Finance Company Limited 8.1%
ICICI Home Finance Company Limited 8.1%
6.7%
0%
Sikka Ports & Terminals Limited
Sikka Ports & Terminals Limited
6.5%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
6.18%
0%

Mutual Fund Insights

Insights icon
In the last 5 years, Axis Corporate Debt Fund Direct Growth has given 7.68% return, outperforming this fund by 1.16% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.26% which is lower than the category average expense ratio of 0.49%.
Insights icon
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.76% return, outperforming this fund by 0.78%.
Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.22% return, outperforming this fund by 0.76% per annum.

Fund Manager

Sachin Padwal-Desai
Sachin Padwal-Desai
Fund Manager of Franklin India Corporate Debt Fund Direct Growth, since 4 June 2021
Umesh Sharma
Umesh Sharma
Fund Manager of Franklin India Corporate Debt Fund Direct Growth, since 4 June 2021

Franklin India Corporate Debt Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 8.33% since inception which is more than its category average return of 5.47%
AUM size ₹761 Cr

AUM size ₹761 Cr

This fund has AUM of ₹761 Cr which is less than its category average of ₹ 6121 Cr
Expense Ratio 0.26%

Expense Ratio 0.26%

This fund has an expense ratio of 0.26% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions

The current NAV of Franklin India Corporate Debt Fund Direct Growth is ₹97.21 as on 12-Jun-2024.
Existing (Absolute + CAGR) as on 12-Jun-2024.
Franklin India Corporate Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.66%
0.66%
6 Month Returns
3.79%
3.79%
1 Year Returns
6.98%
6.98%
3 Years Returns
17.29%
5.46%
5 Years Returns
37.15%
6.52%
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.
0.26% as on May 2024
₹761 Cr as on May 2024
National Housing Bank(7%), Pipeline Infrastructure Ltd. 7.96%(6.72%), ICICI Home Finance Company Limited 8.1%(6.7%), Sikka Ports & Terminals Limited(6.5%), Small Industries Development Bank Of India(6.18%) as on May 2024
Corporate(70.01%), Government(28.45%), Cash Equivalent(1.54%) as on May 2024
Yield to Maturity is 7.75 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 2.02 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Sachin Padwal-Desai, Umesh Sharma are the fund managers of Franklin India Corporate Debt Fund Direct Growth
The Exit load of Franklin India Corporate Debt Fund Direct Growth is 0%