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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 31/07/2018
Minimum Investment/Multiples for Fresh Purchase (INR)

1000/1

Additional Investment/Multiples thereof (INR)

1000/1

Over 6,500 Unique Investors (As of 30/06/2018)
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
  • 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 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 21/09/2018
  • Growth 26.84
  • Dividend 10.00
  • Direct-Growth 28.01
  • Direct-Dividend 10.01
  • Additional Fund Information as on 31/08/2018
  • Fund Size in INR (CR) 216.45
  • Weighted Average Maturity 1.99 Years
  • Modified Duration [3] 0.64 Years
  • Yield to Maturity [2] 68.00%
  • Expense Ratio [#] 0.95
  • Expense Ratio (Direct) [#] 0.44
  • Benchmark(s) Crisil Liquid Fund Index
    Crisil 1 Year T-Bill Index
  • Fund Manager Pallab Roy, Umesh Sharma & Srikesh Karunakaran Nair
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.

## 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.