Franklin India Dynamic Accrual Fund (Number of Segregated Portfolios 3)##
Annualised Returns As of 30/06/2021
Minimum Investment/Multiples for Fresh Purchase (INR)
10000/1
Additional Investment/Multiples thereof (INR)
1000/1
Over 21,000 Unique Investors (As of 30/06/2021)
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
- Income distribution cum capital withdrawal (IDCW) shall be taxable in the hands of investors and the mutual fund will deduct TDS @10% for resident investors and @20% (plus applicable surcharge and cess) for non-resident investors before payouts/re-investment. However, investors can claim tax-credit of TDS deducted at the time of filing their annual return.
- 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.
What is the “Ideal Investment Horizon” while investing in this fund?
The recommended investment horizon is “4 years or more”
Alternative To
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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 30/07/2021
- Growth 71.7843
- IDCW 11.8651
- Direct-Growth 76.7357
- Direct-IDCW 12.9335
- Additional Fund Information as on 30/06/2021
- Fund Size in INR (CR) 1049.71
- Weighted Average Maturity 2.11 Years
- Modified Duration [3] 1.51 Years
- Yield to Maturity [2] 10.20%
- Expense Ratio [#] 0.04
- Expense Ratio (Direct) [#] 0.04
- Benchmark(s) Crisil Composite Bond Fund IndexINST2::Crisil 10 Year Gilt Index
- Fund Manager Santosh Kamath, Umesh Sharma & Sachin Shankar Padwal Desai
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
[##]IDCW - Income Distribution cum Capital Withdrawal
## 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)
Post the creation of the segregated portfolio (8.25% Vodafone Idea Ltd 10JUL20) on January 24, 2020, the annual coupon due and the full principal due along with the interest was received by the segregated portfolio on June 12, 2020 and July 10, 2020 respectively. With these receipts, the segregated portfolio completed full recovery on July 10, 2020.
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.
** The information given here is neither a complete disclosure of every material fact of Income-tax Act 1961 nor does it constitute tax or legal advice. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.