Franklin India Corporate Debt Fund
As on April 30, 2025
Franklin India Corporate Debt Fund

As on April 30, 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 7.57 years
ANNUALISED PORTFOLIO YTM#7.16%***
MODIFIED DURATION 3.82 years
MACAULAY DURATION 4.02 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 APRIL 30, 2025

Growth Plan Rs 98.5815
Annual IDCW Plan Rs 16.8290
Monthly IDCW Plan Rs 15.3752
Quarterly IDCW Plan Rs 12.1525
Half-yearly IDCW Plan Rs 12.7209
Direct - Growth Plan Rs 106.6534
Direct - Annual IDCW Plan Rs 18.8780
Direct - Monthly IDCW Plan Rs 17.2745
Direct - Quarterly IDCW Plan Rs 13.8195
Direct - Half-yearly IDCW Plan Rs 14.9696

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 EndRs771.49 Crores
Monthly AverageRs764.02 Crores

Company NameCompany Ratings Market Value (including accrued interest, if any) (Rs. in Lakhs)% of assets
Sikka Ports & Terminals Ltd* CRISIL AAA 5,522.17 7.16
Pipeline Infrastructure Ltd* CRISIL AAA 5,178.50 6.71
Summit Digitel Infrastructure Ltd* CRISIL AAA 5,161.10 6.69
ICICI Home Finance Co Ltd* CARE AAA 5,120.33 6.64
Mankind Pharma Ltd* CRISIL AA+ 5,092.07 6.60
Bharti Telecom Ltd* CRISIL AA+ 4,338.94 5.62
HDB Financial Services Ltd CRISIL AAA 2,741.93 3.55
Bajaj Finance Ltd IND AAA 2,594.40 3.36
Poonawalla Fincorp Ltd CRISIL AAA 2,507.27 3.25
Kotak Mahindra Investments Ltd CRISIL AAA 1,090.90 1.41
Total Corporate Debt 39,347.61 51.00
Small Industries Development Bank Of India* CARE AAA 5,161.24 6.69
REC Ltd* CRISIL AAA 4,903.16 6.36
ONGC Petro Additions Ltd* CRISIL AA 4,274.25 5.54
National Bank For Agriculture & Rural Development IND AAA 2,562.66 3.32
National Bank for Financing Infrastructure and Development CRISIL AAA 2,515.80 3.26
Housing & Urban Development Corporation Ltd ICRA AAA 2,503.96 3.25
Power Finance Corporation Ltd CRISIL AAA 1,616.13 2.09
Total PSU/PFI Bonds 23,537.20 30.51
6.90% GOI 2065 (15-APR-2065)* SOVEREIGN 5,392.54 6.99
6.79% GOI 2034 (07-OCT-2034) SOVEREIGN 2,587.10 3.35
GOI FRB 2034 (30-OCT-2034) SOVEREIGN 1,523.55 1.97
7.10% Kerala SDL (26-Mar-2043) SOVEREIGN 623.17 0.81
7.10% West Bengal SDL (26-Mar-2047) SOVEREIGN 519.76 0.67
7.10% West Bengal SDL (26-Mar-2046) SOVEREIGN 518.85 0.67
7.10% Rajasthan SDL (26-Mar-2043) SOVEREIGN 518.50 0.67
7.10% West Bengal SDL (26-Mar-2045) SOVEREIGN 517.38 0.67
7.10% Himachal Pradesh SDL (26-Mar-2040) SOVEREIGN 516.48 0.67
7.09% Haryana SDL (26-Mar-2040) SOVEREIGN 465.99 0.60
7.08% Haryana SDL (26-Mar-2039) SOVEREIGN 244.65 0.32
7.08% Kerala SDL (26-Mar-2040) SOVEREIGN 216.69 0.28
7.32% Chhattisgarh SDL (05-Mar-2037) SOVEREIGN 55.41 0.07
7.32% West Bengal SDL (05-Mar-2038) SOVEREIGN 52.79 0.07
Total Gilts 13,752.85 17.83
Total Debt Holdings 76,637.67 99.34
Company Name No.of Shares Market Value(Rs. in Lakhs) % of Assets
Alternative Investment Fund Units
Corporate Debt Market Development Fund Class A2 1,954 217.30 0.28
Total Alternative Investment Fund Units 217.30 0.28
 
Total Holdings 76,854.97 99.62
Margin on Derivatives 12.12 0.02
Call,cash and other current asset 281.49 0.36
Total Asset 77,148.58 100.00
* 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 3.24%
IDFC First Bank (Pay Fixed - Receive Floating) 6,500 8.43%
IDFC First Bank (Pay Fixed - Receive Floating) 2,500 3.24%
Total Interest Rate Swap 11,500 14.91%


@ TREPs /Reverse Repo : 2.30%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -1.94%



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

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.