Franklin India Banking & PSU Debt Fund
As on April 30, 2025
Franklin India Banking & PSU Debt Fund
As on April 30, 2025
TYPE OF SCHEME

An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds
SCHEME CATEGORY

Banking & PSU Fund
SCHEME CHARACTERISTICS

Min 80% in Banks / PSUs / PFIs / Municipal Bonds
INVESTMENT OBJECTIVE

The fund seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks, Public Sector Undertakings (PSUs) and Municipal bonds. However, there is no assurance or guarantee that the objective of the scheme will be achieved
DATE OF ALLOTMENT:

April 25, 2014
FUND MANAGER(S):

Chandni Gupta (w.e.f. March 07, 2024)
Anuj Tagra (w.e.f. March 07, 2024)
Sandeep Manam
(dedicated for making investments for Foreign Securities)
BENCHMARK:

Nifty Banking & PSU Debt Index A-II
(w.e.f. April 1, 2024)
MATURITY & YIELD

RESIDUAL MATURITY/AVERAGE MATURITY7.41 years
ANNUALISED PORTFOLIO YTM#6.95%
MODIFIED DURATION3.76 years
MACULAY DURATION3.98 years
#Yields of all securities are in annualised terms
EXPENSE RATIO#: 0.51%
EXPENSE RATIO# (DIRECT) : 0.17%
# The above ratio includes the GST on Investment Management Fees. The rates specified are the actual expenses charged as at the end of the month. The above ratio also includes, proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets, wherever applicable.

MINIMUM INVESTMENT/
MULTIPLES FOR NEW INVESTORS:

Rs5,000/1
MINIMUM INVESTMENT FOR SIP

Rs 500/1
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS:

Rs1000/1
LOAD STRUCTURE:

Entry Load : Nil
Exit Load (for each purchase of Units): Nil
Different plans have a different expense structure



NAV AS OF APRIL 30, 2025

Growth Plan Rs 22.2166
IDCW Plan Rs 10.8603
Direct - Growth Plan Rs 23.1962
Direct - IDCW Plan Rs 11.4787

As per the addendum dated March 31, 2021, the Dividend Plan has been renamed to Income Distribution cum capital withdrawal (IDCW) Plan with effect from April 1, 2021

FUND SIZE (AUM)

Month EndRs 544.81 Crores
Monthly AverageRs 545.65 Crores

Company NameCompany Ratings Market Value (including accrued interest, if any) (Rs. in Lakhs)% of assets
ICICI Bank Ltd* CARE AAA 3,117.48 5.72
HDFC Bank Ltd* CRISIL AAA 2,694.24 4.95
Bajaj Finance Ltd* IND AAA 2,594.40 4.76
Bharti Telecom Ltd CRISIL AA+ 2,153.82 3.95
Total Corporate Debt 10,559.93 19.38
State Bank Of India (Basel III)* CRISIL AAA 2,579.27 4.73
Total Tier II Bonds 2,579.27 4.73
India Infrastructure Finance Co Ltd* IND AAA 5,140.36 9.44
Small Industries Development Bank Of India* CARE AAA 4,128.99 7.58
REC Ltd* CRISIL AAA 3,268.78 6.00
ONGC Petro Additions Ltd* CRISIL AA 3,105.08 5.70
National Housing Bank* CRISIL AAA 2,692.47 4.94
National Bank For Agriculture & Rural Development IND AAA 2,563.99 4.71
Power Finance Corporation Ltd ICRA AAA 2,525.89 4.64
Housing & Urban Development Corporation Ltd ICRA AAA 2,503.96 4.60
REC Ltd CARE AAA 1,620.73 2.97
National Bank For Agriculture & Rural Development CRISIL AAA 1,557.16 2.86
Small Industries Development Bank Of India CRISIL AAA 1,023.80 1.88
Indian Railway Finance Corporation Ltd ICRA AAA 1,012.07 1.86
Total PSU/PFI Bonds 31,143.26 57.16
6.90% GOI 2065 (15-APR-2065)* SOVEREIGN 3,866.35 7.10
6.79% GOI 2034 (07-OCT-2034) SOVEREIGN 1,552.37 2.85
7.10% West Bengal SDL (26-Mar-2047) SOVEREIGN 519.76 0.95
7.10% West Bengal SDL (26-Mar-2046) SOVEREIGN 518.85 0.95
7.10% Rajasthan SDL (26-Mar-2043) SOVEREIGN 518.50 0.95
7.10% West Bengal SDL (26-Mar-2045) SOVEREIGN 517.38 0.95
7.10% Himachal Pradesh SDL (26-Mar-2040) SOVEREIGN 516.48 0.95
7.09% Haryana SDL (26-Mar-2040) SOVEREIGN 465.99 0.86
7.08% Haryana SDL (26-Mar-2039) SOVEREIGN 244.65 0.45
7.32% Chhattisgarh SDL (05-Mar-2037) SOVEREIGN 55.41 0.10
7.32% West Bengal SDL (05-Mar-2038) SOVEREIGN 52.79 0.10
Total Gilts 8,828.53 16.20
Total Debt Holdings 53,111.00 97.49
Company Name No.of Shares Market Value(Rs. in Lakhs) % of Assets
Alternative Investment Fund Units
Corporate Debt Market Development Fund Class A2 1,762 195.94 0.36
Total Alternative Investment Fund Units 195.94 0.36
 
Total Holdings 53,306.93 97.84
Margin on Derivatives 8.92 0.02
Call,cash and other current asset 1,165.35 2.14
Total Asset 54,481.19 100.00
* Top 10 holdings

Outstanding Interest Rate Swap Position
Contract Name Notional Value (In Lakhs) % of assets
IDFC First Bank (Pay Fixed - Receive Floating) 2,500 4.59%
IDFC First Bank (Pay Fixed - Receive Floating) 2,500 4.59%
IDFC First Bank (Pay Fixed - Receive Floating) 3,500 6.42%
Total Interest Rate Swap 8,500 15.60%

@ TREPs /Reverse Repo : 3.37%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -1.23%



Please click here for Product Label & Benchmark Risk-o-meter.

“India Ratings and Research (Ind-Ra) has assigned a credit rating of “IND AAAmfs” to “Franklin India Banking and PSU Debt Fund”. Ind-Ra’s Bond Fund Ratings include two measures of risk, to reflect better the risks faced by fixed-income investors. The fund credit rating measures vulnerability to losses as a result of credit defaults, and is primarily expressed by a portfolio’s weighted average (WA) rating. A complementary fund volatility rating measures a portfolio’s potential sensitivity to market risk factors, such as duration, spread risk, currency fluctuations and others. Credit and volatility ratings are typically assigned together. The ratings include other fund-specific risk factors that may be relevant. These risk factors include concentration risk, derivatives used for hedging or speculative purposes, leverage, and counterparty exposures. Ind-Ra assesses the fund manager’s capabilities to ensure it is suitably qualified, competent and capable of managing the fund. India Ratings will not rate funds from managers that fail to pass this assessment. Ind-Ra requests monthly portfolio holdings and relevant performance statistics in order to actively monitor the ratings. Ratings do not guarantee the return profile or risk attached to the investments made. Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan or security or any issuer. Ratings do not comment on the adequacy of market price, the suitability of any investment, loan or security for a particular investor (including without limitation, any accounting and/or regulatory treatment), or the taxexempt nature or taxability of payments made in respect of any investment, loan or security. India Ratings is not your advisor, nor is India Ratings providing to you or any other party any financial advice, or any legal, auditing, accounting, appraisal, valuation or actuarial services. A rating should not be viewed as a replacement for such advice or services.

All investments in debt funds are subject to various types of risks including credit risk, interest rate risk, liquidity risk etc. Some fixed income schemes may have a higher concentration to securities rated below AA and therefore may be exposed to relatively higher risk of downgrade or default and the associated volatility in prices which could impact NAV of the scheme. Credit rating issued by SEBI registered entities is an opinion of the rating agency and should not be considered as an assurance of repayment by issuer. There is no assurance or guarantee of principal or returns in any of the mutual fund scheme.

This scheme has exposure to floating rate instruments . The duration of these instruments is linked to the interest rate reset period. The interest rate risk in a floating rate instrument or in a fixed rate instrument hedged with derivatives is likely to be lesser than that in an equivalent maturity fixed rate instrument. Under some market circumstances the volatility may be of an order greater than what may ordinarily be expected considering only its duration. Hence investors are recommended to consider the unadjusted portfolio maturity of the scheme as well and exercise adequate due diligence when deciding to make their investments.