Franklin India Corporate Debt Fund Direct Growth

Franklin India Corporate Debt Fund Direct Growth

Debt

Direct

Corporate Bond

NAV as on 06-12-2024

₹ 101.51

-0.1%

1D

Inception Returns

8.4%

/yr

About 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 Rahul Goswami, Chandni Gupta. This fund is suitable to keep your money safe.

Key Parameters

  1. Franklin India Corporate Debt Fund Direct Growth has ₹765 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 Corporate Debt Fund Direct Growth has given a CAGR return of 8.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.43%, 6.27% and 6.61% 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 7.53% Govt Stock 2034, ICICI Home Finance Company Limited, Pipeline Infrastructure Private Limited, Sikka Ports & Terminals Limited, Summit Digitel Infrastructure Ltd

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
29 people have invested ₹ 2L in Franklin India Corporate Debt Fund Direct Growth in the last three months

Franklin India Corporate Debt Fund Direct Growth Overview

Expense ratio0.23%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹765 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹10000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
156.55%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (06-Dec-24)

Period
Franklin India Corporate Debt Fund Direct Growth
Corporate Bond Index
1M
0.8%
0.6%
3M
2.3%
1.8%
6M
4.6%
4.1%
1Y
8.4%
8%
3Y
6.3%
5.8%
5Y
6.6%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
86.4%

AA
13.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Corporate
74.2%
Government
14.8%
Cash Equivalent
11%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 764.8 Cr
₹ 785.4 Cr
₹ 799.5 Cr
  • AUM of the fund stands at 764.8 Cr as of Oct'24
  • AUM decreased by 20.6 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 10.7% to 11%
Cash allocation has gone up from 10.7% to 11%
Debt allocation has gone down from 89% to 88.7%
Debt allocation has gone down from 89% to 88.7%

Top 3 Sectors in October were Financial Services, Corporate & Government

Oct'24
Financial Services
100%
Corporate
74%
Government
15%
Sep'24
Financial Services
100%
Corporate
75%
Government
14%
  • Debt & Cash

Holdings
Weight%
1M Change
7.53% Govt Stock 2034
7.53% Govt Stock 2034
7.31%
0%
ICICI Home Finance Company Limited
ICICI Home Finance Company Limited
6.92%
0%
Pipeline Infrastructure Private Limited
Pipeline Infrastructure Private Limited
6.73%
0%
Summit Digitel Infrastructure Ltd
Summit Digitel Infrastructure Ltd
6.7%
0%
Sikka Ports & Terminals Limited
Sikka Ports & Terminals Limited
6.7%
0%
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Rahul Goswami
Rahul Goswami
Fund Manager of Franklin India Corporate Debt Fund Direct Growth, since 6 October 2023
Chandni Gupta
Chandni Gupta
Fund Manager of Franklin India Corporate Debt Fund Direct Growth, since 7 March 2024
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total AUM
₹1.17L Cr
as on 31-Oct-2024
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+912267519100
Website
service@templeton.com

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 3.0% drop in AUM moving from 788.92 Cr to 764.91 Cr.
Insights icon
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.96% return, outperforming this fund by 0.69% per annum.
Insights icon
In the last 1 year, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 9.22% return, outperforming this fund by 0.79%.
Insights icon
In the last 5 years, Axis Corporate Bond Fund Direct Growth has given 7.46% return, outperforming this fund by 0.84% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.23% which is lower than the category average expense ratio of 0.5%.

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 8.37% since inception which is more than its category average return of 5.71%
AUM size ₹765 Cr

AUM size ₹765 Cr

This fund has AUM of ₹765 Cr which is less than its category average of ₹ 6841 Cr
Expense Ratio 0.23%

Expense Ratio 0.23%

This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions for Franklin India Corporate Debt Fund Direct Growth

The current NAV of Franklin India Corporate Debt Fund Direct Growth is ₹101.51 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
Franklin India Corporate Debt Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.76%
0.76%
6 Month Returns
4.56%
4.56%
1 Year Returns
8.43%
8.43%
3 Years Returns
20.01%
6.27%
5 Years Returns
37.75%
6.61%
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.
0.23% as on November 2024
₹765 Cr as on November 2024
7.53% Govt Stock 2034(7.31%), ICICI Home Finance Company Limited(6.92%), Pipeline Infrastructure Private Limited(6.73%), Sikka Ports & Terminals Limited(6.7%), Summit Digitel Infrastructure Ltd(6.7%) as on November 2024
Corporate(76.25%), Government(13.59%), Cash Equivalent(10.17%) as on November 2024
Yield to Maturity is 7.46 as on November 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 2.68 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
86.38
AA
13.62
Rahul Goswami, Chandni Gupta 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%