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Franklin India Savings Plus Fund

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Annualised Returns As of 31/10/2017
Minimum Investment/Multiples for Fresh Purchase (INR)

Retail Plan: 10000/1

Additional Investment/Multiples thereof (INR)

Retail Plan: 1000/1

Over 8,000 Unique Investors (As of 30/09/2017)
Why should you invest in this fund?
  • The fund seeks to manage interest rate risk by keeping maturity at the shorter end
  • Franklin India Savings Plus Plan aims to invest in liquid fixed income instruments with a view to provide liquidity to the investor
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 month or more”

Alternative To
  • Short Term Deposit

Suitable For
  • Regular Income

  • Parking of short term funds

Fund Video

Fund Information

  • Inception 11/02/2002
  • Entry Load Nil
  • Exit Load Nil (w.e.f. April 25, 2016)
  • NAV in INR as on 24/11/2017
  • Daily Dividend 10.02
  • Direct-Growth 31.73
  • Direct-Daily Dividend 10.00
  • Direct-Monthly Dividend 10.31
  • Direct-Quarterly Dividend 11.36
  • Institutional-Dividend 10.37
  • Retail-Growth 31.09
  • Retail-Dividend 11.10
  • Retail-Monthly Dividend 10.09
  • Additional Fund Information as on 31/10/2017
  • Fund Size in INR (CR) 327.57
  • Portfolio Turnover 123.67%
  • Weighted Average Maturity 0.74 Years
  • Modified Duration [3] 0.65 Years
  • Yield to Maturity [2] 7.22%
  • Expense Ratio [#] Reg - 0.38%,Inst - 0.84%
  • Expense Ratio (Direct) [#] Reg - 0.16%
  • Benchmark(s) Crisil Liquid Fund Index
    Crisil 1 Year T-Bill Index
  • Fund Manager Pallab Roy & Sachin Shankar Padwal Desai
Product Label
This product is suitable for Investors who are seeking*:
  • Regular income for short term
  • A fund that invests primarily in floating and short term fixed rate debt instruments
Moderately Low

*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 October 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.