Franklin India Corporate Debt Fund
As on March 31, 2025
Franklin India Corporate Debt Fund

As on March 31, 2025
TYPE OF SCHEME

An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds

SCHEME CATEGORY

Corporate Bond Fund
SCHEME CHARACTERISTICS

Min 80% in Corporate Bonds (only AA+ and above)
INVESTMENT OBJECTIVE

The investment objective of the Scheme is primarily to provide investors Regular income and Capital appreciation.
DATE OF ALLOTMENT:

June 23, 1997
FUND MANAGER(S):

Anuj Tagra (w.e.f. March 07, 2024)
Chandni Gupta (w.e.f. March 07, 2024)
Rahul Goswami (w.e.f. October 6, 2023)

BENCHMARK:

NIFTY Corporate Bond Index A-II
(w.e.f. April 1, 2024)
MATURITY & YIELD

RESIDUAL MATURITY/AVERAGE MATURITY 5.36 years
ANNUALISED PORTFOLIO YTM#7.41%***
MODIFIED DURATION 3.36 years
MACAULAY DURATION 3.54 years
#Yields of all securities are in annualised terms
***Yield to maturity (YTM) of the portfolio is calculated by recomputing yield from simple average of valuation prices provided by valuation agencies for G-sec FRB securities.
EXPENSE RATIO#: 0.83%
EXPENSE RATIO# (DIRECT) : 0.23%
# 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:

Plan A :Rs 10,000/1
MINIMUM INVESTMENT FOR SIP

Rs 500/1
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS

Plan A : Rs1000/1
LOAD STRUCTURE:

Plan A : Entry Load : Nil
Exit Load (for each purchase of Units) : Nil
Sales suspended in Plan B - All Options
Different plans have a different expense structure



NAV AS OF MARCH 31, 2025

Growth Plan Rs 96.1892
Annual IDCW Plan Rs 16.4206
Monthly IDCW Plan Rs 15.0811
Quarterly IDCW Plan Rs 11.8576
Half-yearly IDCW Plan Rs 12.4122
Direct - Growth Plan Rs 104.0135
Direct - Annual IDCW Plan Rs 18.4107
Direct - Monthly IDCW Plan Rs 16.9356
Direct - Quarterly IDCW Plan Rs 13.4773
Direct - Half-yearly IDCW Plan Rs 14.5988

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 EndRs759.14 Crores
Monthly AverageRs751.38 Crores

Company NameCompany Ratings Market Value (including accrued interest, if any) (Rs. in Lakhs)% of assets
Sikka Ports & Terminals Ltd* CRISIL AAA 5,792.08 7.63
Mankind Pharma Ltd* CRISIL AA+ 5,224.33 6.88
Summit Digitel Infrastructure Ltd* CRISIL AAA 5,193.19 6.84
Pipeline Infrastructure Ltd* CRISIL AAA 5,115.35 6.74
ICICI Home Finance Co Ltd* CARE AAA 5,083.88 6.70
Bharti Telecom Ltd* CRISIL AA+ 4,271.25 5.63
Bajaj Finance Ltd CRISIL AAA 2,729.01 3.59
HDB Financial Services Ltd CRISIL AAA 2,708.97 3.57
Bajaj Finance Ltd IND AAA 2,555.12 3.37
Jamnagar Utilities & Power Pvt Ltd CRISIL AAA 2,536.70 3.34
Kotak Mahindra Investments Ltd CRISIL AAA 1,077.11 1.42
Total Corporate Debt 42,286.99 55.70
Small Industries Development Bank Of India* CARE AAA 5,087.99 6.70
REC Ltd* CRISIL AAA 4,904.43 6.46
ONGC Petro Additions Ltd* CRISIL AA 4,220.56 5.56
National Bank For Agriculture & Rural Development IND AAA 2,533.02 3.34
Total PSU/PFI Bonds 16,746.00 22.06
GOI FRB 2034 (30-OCT-2034)* SOVEREIGN 5,725.96 7.54
6.92% GOI 2039 (18-NOV-2039) SOVEREIGN 2,618.23 3.45
7.10% KERALA SDL 26-MAR-43 SOVEREIGN 606.67 0.80
7.32% CHHATTISGARH SDL 05-MAR-37 SOVEREIGN 571.02 0.75
7.10% WEST BENGAL SDL 26-MAR-45 SOVEREIGN 504.75 0.66
7.10% RAJASTHAN SDL 26-MAR-43 SOVEREIGN 504.56 0.66
7.10% HIMACHAL PRADESH SDL 26-MAR-40 SOVEREIGN 504.02 0.66
7.10% WEST BENGAL SDL 26-MAR-47 SOVEREIGN 503.74 0.66
7.10% WEST BENGAL SDL 26-MAR-46 SOVEREIGN 503.20 0.66
7.08% ANDHRA PRADESH SDL 26-MAR-37 SOVEREIGN 459.01 0.60
7.09% HARYANA SDL 26-MAR-40 SOVEREIGN 456.09 0.60
7.08% HARYANA SDL 26-MAR-39 SOVEREIGN 239.22 0.32
7.08% KERALA SDL 26-MAR-40 SOVEREIGN 211.46 0.28
7.32% WEST BENGAL SDL 05-MAR-38 SOVEREIGN 51.61 0.07
Total Gilts 13,459.54 17.73
Total Debt Holdings 72,492.53 95.49
Company Name No.of Shares Market Value(Rs. in Lakhs) % of Assets
Alternative Investment Fund Units
Corporate Debt Market Development Fund Class A2 1,954 215.67 0.28
Total Alternative Investment Fund Units 215.67 0.28
 
Total Holdings 72,708.20 95.78
Net receivable (RBNL matured on July 20, 2020) ~~~ 400.85 0.53
Call,cash and other current asset 2,805.32 3.70
Total Asset 75,914.37 100.00
* Top 10 holdings


@ TREPs /Reverse Repo : 6.21%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -2.51%
~~~The amount of INR 534.60 lacs represents the fair valuation at which securities were valued. This amount only reflects the realizable value and does not indicate any reduction or write-off of the amount repayable by Reliance Broadcast Network Ltd (RBNL). For more details kindly refer to the note on our website.



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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.