Please wait...

Franklin India Banking & PSU Debt Fund

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 28/02/2018
Minimum Investment/Multiples for Fresh Purchase (INR)


Additional Investment/Multiples thereof (INR)


Over 1,500 Unique Investors (As of 31/03/2018)
Why should you invest in this fund?
  • The fund invests in debt securities issued by Banks and PSUs
  • Franklin India Banking & PSU Debt Fund aims to minimize interest rate volatility in the portfolio and generate optimum return by keeping credit risk low and investing primarily in higher quality debt instruments.
  • The fund may also seek exposure in Government Securities and State Development Loans in order to maintain an optimum balance of yield, safety and liquidit
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 “1 year or more”

Alternative To
  • Short Term Deposit

Suitable For
  • Regular Income

  • Reasonable Capital appreciation

Fund Video

Fund Information

  • Inception 25/04/2014
  • Entry Load Nil
  • Exit Load Nil (w.e.f. April 25, 2016)
  • NAV in INR as on 20/04/2018
  • Growth 13.63
  • Dividend 10.36
  • Direct-Growth 13.89
  • Direct-Dividend 10.58
  • Additional Fund Information as on 28/02/2018
  • Fund Size in INR (CR) 79.26
  • Weighted Average Maturity 2.77 Years
  • Modified Duration [3] 2.22 Years
  • Yield to Maturity [2] 8.41%
  • Expense Ratio [#] 0.6
  • Expense Ratio (Direct) [#] 0.19
  • Benchmark(s) Crisil Composite Bond Fund Index
    Crisil 10 Year Gilt Index
  • Fund Manager Umesh Sharma & Sachin Shankar Padwal Desai
Product Label
This product is suitable for Investors who are seeking*:
  • Regular Income for medium term
  • An income fund that invests predominantly in debt and money market instruments issued by Banks
    and Public Sector Undertakings

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

[#] The rates specified are the actual average charged for the month of March 2018. The above ratio includes GST on Investment management fees. The above expense also includes proportionate charge in respect sales of beyond T-15 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.