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Franklin India Dynamic Accrual Fund

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns As of 31/05/2018
Minimum Investment/Multiples for Fresh Purchase (INR)


Additional Investment/Multiples thereof (INR)


Over 15,000 Unique Investors (As of 31/03/2018)
Why should you invest in Franklin India Dynamic Accrual Fund?
  • This fund is positioned in the dynamic Bond fund category that focuses on investing in fixed income instruments across duration
  • The fund manager strives to generate high accrual income through exposure to corporate bonds.
  • It further aims to generate capital appreciation by actively managing the fund’s portfolio on interest rate movements.
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 “4 years or more”

Alternative For
  • Medium Term Savings Instruments

Suitable For
  • Regular Income

  • Capital appreciation

  • Diversification from equities

Fund Video

Fund Information

  • Inception 05/03/1997
  • Entry Load Nil
  • Exit Load Upto 10% of the Units may be redeemed without any exit load in each year from the date of allotment.
    Any redemption in excess of the above limit shall be subject to the following exit load:
    3% - if redeemed on or before 12 months from the date of allotment
    2% - if redeemed after 12 months but within 24 months from the date of allotment
    1% - if redeemed after 24 months but within 36 months from the date of allotment
    0.50% - if redeemed after 36 months but within 48 months from the date of allotment
    Nil - if redeemed after 48 months from the date of allotment
  • NAV in INR as on 20/06/2018
  • Growth 61.61
  • Dividend 11.64
  • Direct-Growth 64.32
  • Direct-Dividend 12.29
  • Additional Fund Information as on 30/04/2018
  • Fund Size in INR (CR) 3319.58
  • Weighted Average Maturity 2.82 Years
  • Modified Duration [3] 2.11 Years
  • Yield to Maturity [2] 10.64%
  • Expense Ratio [#] 1.77
  • Expense Ratio (Direct) [#] 0.93
  • Benchmark(s) Crisil Composite Bond Fund Index
    Crisil 10 Year Gilt Index
  • Fund Manager Santosh Kamath, Umesh Sharma & Sachin Shankar Padwal Desai
Product Label
This product is suitable for Investors who are seeking*:
  • Medium term capital appreciation with current income
  • A fund that focuses on fixed income securities with high accrual and potential for capital gains

*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 May 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.