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Franklin India Banking & PSU Debt Fund

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Annualised Returns As of 31/08/2017
Minimum Investment/Multiples for Fresh Purchase (INR)

5000/1

Additional Investment/Multiples thereof (INR)

1000/1

Over 1,500 Unique Investors (As of 30/06/2017)
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 @28.84% (25% + 12% surcharge + 3% education cess)
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 19/09/2017
  • Growth 13.30
  • Dividend 10.50
  • Direct-Growth 13.52
  • Direct-Dividend 10.70
  • Additional Fund Information as on 31/07/2017
  • Fund Size in INR (CR) 108.42
  • Weighted Average Maturity 2.75 Years
  • Modified Duration [3] 2.11 Years
  • Yield to Maturity [2] 7.05%
  • Expense Ratio [#] 0.45%
  • Expense Ratio (Direct) [#] 0.08%
  • 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
Moderate

*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 August 2017. The above ratio includes the Service tax 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.