Franklin India Government Securities Fund Direct Growth

Franklin India Government Securities Fund Direct Growth

Debt

Direct

Government Bond

NAV as on 07-10-2024

₹ 60.67

-0.2%

1D

Inception Returns

7.2%

/yr

About the Fund

Franklin India Government Securities 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 Government Securities Fund Direct Growth has ₹149 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Franklin India Government Securities Fund Direct Growth has given a CAGR return of 7.19% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.90%, 5.20% and 5.53% respectively.

Holdings

Franklin India Government Securities Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.18% Govt Stock 2033, 7.23% Govt Stock 2039, 364 DTB 14112024, 8% Govt Stock 2034

Taxation

As it is a government 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 Government Securities Fund Direct Growth

The primary objective of the Scheme is to generate return through investments in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the central Government and / or State Government for repayment of Principal and Interest.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
12 people have invested ₹ 3.4L in Franklin India Government Securities Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.6%
Benchmark
ICICI Securities Mibex TR INR
AUM₹149 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹10000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
573.61%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (07-Oct-24)

Period
Franklin India Government Securities Fund Direct Growth
Government Bond Index
1M
0.7%
0.5%
3M
2.6%
2.5%
6M
4.5%
4.6%
1Y
7.9%
9.3%
3Y
5.2%
5.7%
5Y
5.5%
6.2%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Aug'24

Jul'24

Jun'24

Government
73.9%
Cash Equivalent
26.1%
All changes are between Oct'69 and Dec'69
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 146.2 Cr
₹ 141.9 Cr
₹ 140.6 Cr
  • AUM of the fund stands at 146.2 Cr as of Aug'24
  • AUM increased by 4.3 Cr between Aug'24 and Jul'24
Cash allocation has gone up from 1.3% to 43.2%
Cash allocation has gone up from 1.3% to 43.2%
Debt allocation has gone down from 98.7% to 56.8%
Debt allocation has gone down from 98.7% to 56.8%

Top Sector in August was Government

Aug'24
Government
74%
Jul'24
Government
99%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
63.77%
-33.3%
7.18% Govt Stock 2033
7.18% Govt Stock 2033
13.87%
-42.9%
7.23% Govt Stock 2039
7.23% Govt Stock 2039
10.75%
100%
364 DTB 14112024
364 DTB 14112024
6.66%
0%
8% Govt Stock 2034
8% Govt Stock 2034
3.49%
0%
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Sachin Padwal-Desai
Sachin Padwal-Desai
Fund Manager of Franklin India Government Securities Fund Direct Growth, since 5 July 2010
Umesh Sharma
Umesh Sharma
Fund Manager of Franklin India Government Securities Fund Direct Growth, since 5 July 2010
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total AUM
₹1.13L Cr
as on 31-Aug-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
In the last 3 years, SBI Magnum Gilt Fund Direct Growth has given 7.19% return, outperforming this fund by 1.99% per annum.
Insights icon
This fund expense ratio is slightly on the lower side within the category (government bond). Its expense ratio is 0.6% which is lower than the category average expense ratio of 0.79%.
Insights icon
In the last 1 year, Bandhan Government Securities Fund - Investment Plan - Direct Plan - Growth has given 12.78% return, outperforming this fund by 4.88%.
Insights icon
In the last 5 years, ICICI Prudential Gilt Fund Direct Plan Growth has given 7.83% return, outperforming this fund by 2.29% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 3.4% growth in AUM moving from 143.62 Cr to 148.51 Cr.

Franklin India Government Securities Fund Direct Growth Highlights

Risk meter
pointer

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 7.19% since inception which is more than its category average return of 6.94%
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is less than its category average of ₹ 1681 Cr
Expense Ratio 0.6%

Expense Ratio 0.6%

This fund has an expense ratio of 0.6% which is less than its category average expense ratio of 0.89%

Frequently Asked Questions

The current NAV of Franklin India Government Securities Fund Direct Growth is ₹60.67 as on 07-Oct-2024.
Existing (Absolute + CAGR) as on 07-Oct-2024.
Franklin India Government Securities Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.71%
0.71%
6 Month Returns
4.46%
4.46%
1 Year Returns
7.9%
7.9%
3 Years Returns
16.43%
5.2%
5 Years Returns
30.9%
5.53%
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.
0.6% as on September 2024
₹149 Cr as on September 2024
7.1% Govt Stock 2034(63.77%), 7.18% Govt Stock 2033(13.87%), 7.23% Govt Stock 2039(10.75%), 364 DTB 14112024(6.66%), 8% Govt Stock 2034(3.49%) as on September 2024
Yield to Maturity is 6.96 as on September 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 2.4 as on September 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 Government Securities Fund Direct Growth
The Exit load of Franklin India Government Securities Fund Direct Growth is 0%