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Franklin India Floating Rate Fund (erstwhile Franklin India Cash Management Account)##

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 30/06/2020
Minimum Investment/Multiples for Fresh Purchase (INR)

1000/1

Additional Investment/Multiples thereof (INR)

1000/1

Over 8,000 Unique Investors (As of 30/06/2020)
Why should you invest in Franklin India Floating Rate Fund (erstwhile Franklin India Cash Management Account)?
  • The fund is suitable for short term investments.
  • It predominantly invests in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)
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
  • Dividends shall be taxable in the hands of investors and the mutual fund will deduct TDS @ 7.5%^ 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.

^ In accordance with the Central Board of Direct Taxes press release dated May 13, 2020, the mutual fund shall deduct TDS at the rate of 7.50% for resident investor w.e.f. May 14, 2020 till March 31, 2021 (earlier 10% from April 1, 2020 to May 13, 2020).

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

The recommended investment horizon is “1 Month and above”

Alternative To
  • Short Term Savings Instruments

Suitable For
  • Regular Income

  • Parking of short term funds

Fund Video

For those who have an investment tenure of a month or above, short term debt fund like Franklin India Floating Rate Fund is a good choice. They invest in floating rate instruments, debt and money market instruments. To know more about Franklin India Floating Rate Fund, earlier known as Franklin India Cash Management Account, watch the below video.

Fund Information

  • Inception 23/04/2001
  • Entry Load Nil
  • Exit Load Nil
  • NAV in INR as on 31/07/2020
  • Growth 30.4746
  • Dividend 10.1349
  • Direct-Growth 32.1393
  • Direct-Dividend 10.0368
  • Additional Fund Information as on 30/06/2020
  • Fund Size in INR (CR) 169.46
  • Weighted Average Maturity 1.23 Years
  • Modified Duration [3] 1.09 Years
  • Yield to Maturity [2] 6.52%
  • Expense Ratio [#] 0.95
  • Expense Ratio (Direct) [#] 0.14
  • Benchmark(s) Crisil Liquid Fund IndexINST2::Crisil Liquid Fund Index
  • Fund Manager Santosh Kamath, Pallab Roy, Pyari Menon & Umesh Sharma
Product Label
This product is suitable for Investors who are seeking*:
  • Regular income for short term
  • A fund that invests primarily in floating rate and short term fixed rate debt instruments
Moderate

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

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 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.

## 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.