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Franklin India Monthly Income Plan

An open end income scheme. Income is not assured, and is subject to the availability of distributable surplus
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Annualised Returns As of 31/03/2018
Minimum Investment/Multiples for Fresh Purchase (INR)

Plan A: 10000/1

Additional Investment/Multiples thereof (INR)

Plan A: 1000/1

Over 10,000 Unique Investors (As of 31/03/2018)
Why should you invest in this fund?
  • Franklin India Monthly Income Plan invests predominantly in high quality debt instruments with a maximum exposure of 20% to equities
  • The fund manager strives to earn regular income from the fixed income market by actively managing the fund’s portfolio.
  • The marginal equity allocation seeks to enhance the funds returns by acting as a "kicker” and provides this fund an edge over conventional debt funds
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 “3 years or more ”

Alternative To
  • Long Term Deposit

Suitable For
  • Regular Income

Fund Video

Fund Information

  • Inception 28/09/2000
  • Entry Load Nil
  • Exit Load Upto 10% of the Units may be redeemed without any exit load within 1 year from the date of allotment.
    Any redemption in excess of the above limit shall be subject to the following exit load:
    1% - if redeemed on or before 1 year from the date of allotment
    Nil - if redeemed after 1 year from the date of allotment
  • NAV in INR as on 23/05/2018
  • Growth 52.29
  • Monthly Dividend 13.37
  • Quarterly Dividend 13.05
  • Direct-Growth 54.44
  • Direct-Monthly Dividend 14.04
  • Direct-Quarterly Dividend 13.69
  • Additional Fund Information as on 30/04/2018
  • Fund Size in INR (CR) 394.57
  • Weighted Average Maturity 4.61 Years
  • Modified Duration [3] 3.18 Years
  • Yield to Maturity [2] 8.67%
  • Expense Ratio [#] 2.33
  • Expense Ratio (Direct) [#] 1.63
  • Benchmark(s) CRISIL Hybrid 85+15 - Conservative Index
    Crisil 10 Year Gilt Index
  • Fund Manager Lakshmikanth Reddy, Sachin Shankar Padwal Desai, Umesh Sharma & Srikesh Karunakaran Nair
Product Label
This product is suitable for Investors who are seeking*:
  • Medium term capital appreciation with current income  
  • An MIP investing predominantly in debt instruments with marginal equity exposure

*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 April 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.