Franklin India Corporate Debt Direct Growth
Debt
Direct
Corporate Bond
NAV: ₹ 92.4 as on 27-09-2023
Fund Performance
50 people have invested ₹ 5.5L in Franklin India Corporate Debt Direct Growth in the last three months
Fund Insights
In the last 1 year, ICICI Prudential Corporate Bond Fund Direct Plan Growth has given 7.99% return, outperforming this fund by 0.82%.
In the last 3 years, Nippon India Corporate Bond Fund Direct Plan Growth Plan has given 6.1% return, outperforming this fund by 0.63% per annum.
In the last 5 years, HSBC Corporate Bond Fund Direct Plan Growth Plan has given 8.35% return, outperforming this fund by 0.97% per annum.
This fund has one of the lowest expense ratio in the category (corporate bond). Its expense ratio is 0.2% which is lower than the category average expense ratio of 0.48%.
About the Fund
Franklin India Corporate Debt 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
- Franklin India Corporate Debt Direct Growth has ₹803 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Franklin India Corporate Debt Direct Growth Overview
 | 0.2% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹803 Cr |
 | 1 January, 2013 |
 | ₹10000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 42.59% |
Fund Distribution as on (31-Dec-69)
Credit rating breakup
AAA
97.3%
AA
2.7%
Sector Allocation
Government
41.7%
Corporate
36.9%
Cash Equivalent
21.4%
Top Holdings of Franklin India Corporate Debt Direct Growth as on (31-Aug-23)
Debt Holdings22
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 364 DTB 07032024 | 15.06% | 0% | |
Export Import Bank Of India | 8.26% | 0% | |
Indian Railway Finance Corporation Limited | 6.73% | 0% | |
HDFC Bank Limited | 6.51% | 0% | |
Nuclear Power Corporation Of India Limited | 6.49% | 0% |
See all
Franklin India Corporate Debt Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 811.3 Cr as of Aug'23
- AUM decreased by 5 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Peer Analysis
Franklin India Corporate Debt Direct Growth Fund Manager
Sachin Padwal-Desai
Fund Manager of Franklin India Corporate Debt Direct Growth, since 4 June 2021
Top funds managed
Umesh Sharma
Fund Manager of Franklin India Corporate Debt Direct Growth, since 4 June 2021
Top funds managed
Fund Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 8.39% since inception which is more than its category average return of 5.43%
AUM size ₹803 Cr
This fund has AUM of ₹803 Cr which is less than its category average of ₹ 5713 Cr
Expense Ratio 0.2%
This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.58%
Frequently Asked Questions
The current NAV of Franklin India Corporate Debt Direct Growth is ₹92.44 as on 27-Sep-2023.
Existing (Absolute + CAGR) as on 27-Sep-2023.
Franklin India Corporate Debt Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.58% | 0.58% |
6 Month Returns | 3.63% | 3.63% |
1 Year Returns | 7.17% | 7.17% |
3 Years Returns | 17.32% | 5.47% |
5 Years Returns | 42.75% | 7.38% |
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.
0.2% as on August 2023
₹803 Cr as on August 2023
364 DTB 07032024(15.06%), Export Import Bank Of India(8.26%), Indian Railway Finance Corporation Limited(6.73%), HDFC Bank Limited(6.51%), Nuclear Power Corporation Of India Limited(6.49%) as on August 2023
Government(59.16%), Corporate(37.4%), Cash Equivalent(3.44%) as on August 2023
Yield to Maturity is 7.31 as on August 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 1.16 as on August 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 97.3 |
AA | 2.7 |
Sachin Padwal-Desai, Umesh Sharma are the fund managers of Franklin India Corporate Debt Direct Growth
The Exit load of Franklin India Corporate Debt Direct Growth is 0%