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Franklin India Short Term Income Plan

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 31/10/2018
Minimum Investment/Multiples for Fresh Purchase (INR)

Retail - 5000/1

Additional Investment/Multiples thereof (INR)

Retail: 5000/1

Over 35,000 Unique Investors (As of 30/09/2018)
Why should you invest in Franklin India Short Term Income Plan?
  • The fund aims to provide stable returns by investing in fixed income instruments
  • It invests primarily in short term corporate bonds with a focus on higher interest income
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 year or more”

Alternative To
  • Short Term Savings Instruments

Suitable For
  • Regular Income

  • Reasonable Capital appreciation

Fund Video

Franklin India Short Term Income Plan is a fixed income fund that focuses to provide stable returns by investing in short term corporate bonds. The ideal time period to invest in this fund is 1 year or more. To know more about Franklin India Short Term Income Plan, watch the video below.

Fund Information

  • Inception 31/01/2002
  • 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:
    0.50% - 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 12/12/2018
  • Direct-Growth 4,053.4399
  • Direct-Monthly Dividend 1,280.2494
  • Direct-Quarterly Dividend 1,340.0389
  • Direct-Weekly Dividend 1,090.4689
  • Institutional-Growth 3,192.1383
  • Retail-Growth 3,870.6920
  • Retail-Monthly Dividend 1,211.7242
  • Retail-Quarterly Dividend 1,267.2045
  • Retail-Weekly Dividend 1,085.9758
  • Additional Fund Information as on 31/10/2018
  • Fund Size in INR (CR) 11493.7
  • Weighted Average Maturity 2.93 Years
  • Modified Duration [3] 2.20 Years
  • Yield to Maturity [2] 11.41%
  • Expense Ratio [#] 1.57
  • Expense Ratio (Direct) [#] 0.79
  • Benchmark(s) Crisil Short Term Bond Fund Index
    Crisil 1 Year T-Bill Index
  • Fund Manager Santosh Kamath & Kunal Agrawal
Product Label
This product is suitable for Investors who are seeking*:
  • Regular income for medium term
  • A fund that invests in short term corporate bonds including PTCs
Moderate

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

[#] 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.