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Franklin India Credit Risk Fund (erstwhile Franklin India Corporate Bond Opportunities Fund)##

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 31/07/2018
Minimum Investment/Multiples for Fresh Purchase (INR)

5000/1

Additional Investment/Multiples thereof (INR)

1000/1

Over 35,000 Unique Investors (As of 30/06/2018)
Why should you invest in Franklin India Credit Risk Fund (erstwhile Franklin India Corporate Bond Opportunities Fund)?
  • This fund is positioned as a fixed income fund that seeks to maximize portfolio yield by primarily investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds).
  • The fund invests predominantly in corporate bonds
  • It endeavors to provide regular income and capital appreciation
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 “3 years or more”

Alternative To
  • Short Term Savings Instruments

Suitable For
  • Regular Income

  • Reasonable Capital appreciation

  • Diversification from equities

Fund Video

If you are considering staying invested for a period of 3 years or more in a credit risk fund, then Franklin India Credit Risk Fund might be one that you would want to consider. Earlier known as Franklin India Corporate Bond Opportunities Fund, it is a fixed income fund that seeks to maximize portfolio yield by primarily investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds). Know more about Franklin India Credit Risk Fund, watch the below video.

Fund Information

  • Inception 07/12/2011
  • 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
    Nil - if redeemed after 36 months from the date of allotment
  • NAV in INR as on 17/09/2018
  • Growth 18.46
  • Dividend 11.16
  • Direct-Growth 19.35
  • Direct-Dividend 11.85
  • Additional Fund Information as on 31/07/2018
  • Fund Size in INR (CR) 7099.92
  • Weighted Average Maturity 2.35 Years
  • Modified Duration [3] 1.76 Years
  • Yield to Maturity [2] 187.00%
  • Expense Ratio [#] 1.75
  • Expense Ratio (Direct) [#] 1.03
  • Benchmark(s) Crisil Short Term Bond Fund Index
    Crisil 10 Year Gilt Index
  • Fund Manager Santosh Kamath & Sumit Gupta
Product Label
This product is suitable for Investors who are seeking*:
  • Medium to long term capital appreciation with current income
  • A bond fund focusing on AA and below rated corporate bonds (excluding AA+ rated corporate bonds)
Moderate

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

## Effective June 4, 2018.

[#] 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.