Franklin India Banking & PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV: ₹ 21.35 as on 16-05-2024
About the Fund
Franklin India Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 25 April, 2014. The fund is managed by Sachin Padwal-Desai, Umesh Sharma. This fund is suitable to keep your money safe.
Key Parameters
- Franklin India Banking & PSU Debt Fund Direct Growth has ₹630 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.
Fund Performance
46 people have invested ₹ 2.2L in Franklin India Banking & PSU Debt Fund Direct Growth in the last three months
Overview
 | 0.19% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹630 Cr |
 | 25 April, 2014 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 66.94% |
Franklin India Banking & PSU Debt Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
94.6%
AA
5.4%
Sector Allocation
Corporate
50.7%
Government
37.9%
Cash Equivalent
11.4%
Top Holdings of Franklin India Banking & PSU Debt Fund Direct Growth as on (30-Apr-24)
Debt Holdings26
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Nuclear Power Corporation Of India Limited | 8.03% | 0% | |
Food Corporation Of India | 7.84% | 0% | |
National Bank For Agriculture And Rural Development | 7.79% | 0% | |
Export Import Bank Of India | 5.7% | 0% | |
HDFC Bank Limited | 4.31% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 630.2 Cr as of Apr'24
- AUM decreased by 7.8 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.19% which is lower than the category average expense ratio of 0.55%.
In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.56% return, outperforming this fund by 0.52%.
In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.46% return, outperforming this fund by 2.05% per annum.
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.48% return, outperforming this fund by 0.58% per annum.
Peer Analysis
Fund Manager
Sachin Padwal-Desai
Fund Manager of Franklin India Banking & PSU Debt Fund Direct Growth, since 25 April 2014
Top funds managed
Umesh Sharma
Fund Manager of Franklin India Banking & PSU Debt Fund Direct Growth, since 25 April 2014
Top funds managed
Franklin India Banking & PSU Debt Fund Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.82% since inception which is more than its category average return of 5.48%
AUM size ₹630 Cr
This fund has AUM of ₹630 Cr which is less than its category average of ₹ 3677 Cr
Expense Ratio 0.19%
This fund has an expense ratio of 0.19% which is less than its category average expense ratio of 0.49%
Frequently Asked Questions
The current NAV of Franklin India Banking & PSU Debt Fund Direct Growth is ₹21.35 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Franklin India Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.53% | 0.53% |
6 Month Returns | 3.76% | 3.76% |
1 Year Returns | 7.05% | 7.05% |
3 Years Returns | 17.11% | 5.41% |
5 Years Returns | 39.65% | 6.91% |
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.
0.19% as on April 2024
₹630 Cr as on April 2024
Nuclear Power Corporation Of India Limited(8.03%), Food Corporation Of India(7.84%), National Bank For Agriculture And Rural Development(7.79%), Export Import Bank Of India(5.7%), HDFC Bank Limited(4.31%) as on April 2024
Corporate(50.74%), Government(37.85%), Cash Equivalent(11.41%) as on April 2024
Yield to Maturity is 7.59 as on April 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 2.03 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 94.55 |
AA | 5.45 |
Sachin Padwal-Desai, Umesh Sharma are the fund managers of Franklin India Banking & PSU Debt Fund Direct Growth
The Exit load of Franklin India Banking & PSU Debt Fund Direct Growth is 0%