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Franklin India Dynamic Accrual Fund (Number of Segregated Portfolios 3)##

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 31/01/2020
Minimum Investment/Multiples for Fresh Purchase (INR)


Additional Investment/Multiples thereof (INR)


Over 15,000 Unique Investors (As of 31/12/2019)
Why should you invest in Franklin India Dynamic Accrual Fund (Number of Segregated Portfolios 3)?
  • This fund is positioned in the dynamic Bond fund category that focuses on investing in fixed income instruments across duration
  • The fund manager strives to generate high accrual income through exposure to corporate bonds.
  • It further aims to generate capital appreciation by actively managing the fund’s portfolio on interest rate movements.
What are the “Tax Benefits” of investing in this fund?
  • Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months
  • Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months
  • Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @29.12% ( 25% + 12% surcharge + 4% Health & education cess) for Individuals and @ 34.944% ( 30% + 12% surcharge + 4% Health & education cess) for any other person.^^
  • In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

^^ The DDT is to be paid by the mutual fund after grossing-up income distributed to the investor.

What is the “Ideal Investment Horizon” while investing in this fund?

The recommended investment horizon is “4 years or more”

Alternative To
  • Medium Term Savings Instruments

Suitable For
  • Regular Income

  • Capital appreciation

  • Diversification from equities

Fund Video

Fund Information

  • Inception 05/03/1997
  • Entry Load Nil
  • Exit Load Upto 10% of the Units may be redeemed without any exit load in each year from the date of allotment.
    Any redemption in excess of the above limit shall be subject to the following exit load:
    3% - if redeemed on or before 12 months from the date of allotment
    2% - if redeemed after 12 months but within 24 months from the date of allotment
    1% - if redeemed after 24 months but within 36 months from the date of allotment
    0.50% - if redeemed after 36 months but within 48 months from the date of allotment
    Nil - if redeemed after 48 months from the date of allotment
  • NAV in INR as on 31/03/2020
  • Growth 66.9602
  • Dividend 11.0678
  • Direct-Growth 71.0316
  • Direct-Dividend 11.9721
  • Additional Fund Information as on 31/01/2020
  • Fund Size in INR (CR) 3712.24
  • Weighted Average Maturity 2.53 Years
  • Modified Duration [3] 1.82 Years
  • Yield to Maturity [2] 11.60%
  • Expense Ratio [#] 1.68
  • Expense Ratio (Direct) [#] 0.87
  • Benchmark(s) Crisil Composite Bond Fund Index
    Crisil 10 Year Gilt Index
  • Fund Manager Santosh Kamath & Umesh Sharma
Product Label
This product is suitable for Investors who are seeking*:
  • Medium term capital appreciation with current income
  • A fund that focuses on fixed income securities with high accrual and potential for capital gains

*Investors should consult their financial distributors if in doubt about whether the product is suitable for them.

Update on ADA Group exposures collateralised by equity


## 1. Franklin India Dynamic Accrual Fund- Segregated Portfolio 1- 8.25% Vodafone Idea Ltd-10JUL20 2. Franklin India Dynamic Accrual Fund- Segregated Portfolio 2- 10.90% Vodafone Idea Ltd 02Sep2023 (P/C 03Sep2021) 3. Franklin India Dynamic Accrual Fund - Segregated Portfolio 3 (9.50% Yes Bank Ltd CO 23DEC21)

All investments in debt funds are subject to various types of risks including credit risk, interest rate risk, liquidity risk etc. Some fixed income schemes may have a higher concentration to securities rated below AA and therefore may be exposed to relatively higher risk of downgrade or default and the associated volatility in prices which could impact NAV of the scheme. Credit rating issued by SEBI registered entities is an opinion of the rating agency and should not be considered as an assurance of repayment by issuer. There is no assurance or guarantee of principal or returns in any of the mutual fund scheme.

[#] The rates specified are the actual expenses charged as at the end of the month. The above ratio includes the GST on Investment management fees. The above expense also includes proportionate charge in respect sales of beyond T-30 cities subject to maximum of 30 bps on daily net assets wherever applicable.

[2] Pre fund expenses.

[3] Modified duration of floating rate securities is calculated based on the next reset date.