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Franklin India Corporate Debt Fund
As on June 30, 2025 |
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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 | 4.66 years |
| ANNUALISED PORTFOLIO YTM# | 6.97% |
| MODIFIED DURATION | 2.41 years |
| MACAULAY DURATION | 2.56 years |
***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#: 0.82% EXPENSE RATIO# (DIRECT) : 0.24%
# 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
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| Growth Plan | Rs 99.9865 |
| Annual IDCW Plan | Rs 17.0688 |
| Monthly IDCW Plan | Rs 15.4189 |
| Quarterly IDCW Plan | Rs 12.0904 |
| Half-yearly IDCW Plan | Rs 12.9022 |
| Direct - Growth Plan | Rs 108.2751 |
| Direct - Annual IDCW Plan | Rs 19.1653 |
| Direct - Monthly IDCW Plan | Rs 17.3417 |
| Direct - Quarterly IDCW Plan | Rs 13.7644 |
| Direct - Half-yearly IDCW Plan | Rs 15.1979 |
| 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 End | Rs943.51 Crores |
| Monthly Average | Rs903.61 Crores |
| Company Name | Company Ratings | Market Value (including accrued interest, if any) (Rs. in Lakhs) | % of assets | |||
| Jubilant Bevco Ltd* | CRISIL AA | 6,745.79 | 7.15 | |||
| LIC Housing Finance Ltd* | CRISIL AAA | 5,674.18 | 6.01 | |||
| Sikka Ports & Terminals Ltd* | CRISIL AAA | 5,602.58 | 5.94 | |||
| Summit Digitel Infrastructure Ltd* | CRISIL AAA | 5,255.21 | 5.57 | |||
| Pipeline Infrastructure Ltd* | CRISIL AAA | 5,180.63 | 5.49 | |||
| Embassy Office Parks Reit* | CRISIL AAA | 5,023.43 | 5.32 | |||
| Bharti Telecom Ltd* | CRISIL AA+ | 4,434.21 | 4.70 | |||
| Jubilant Beverages Ltd | CRISIL AA | 4,360.10 | 4.62 | |||
| LIC Housing Finance Ltd | CARE AAA | 2,737.18 | 2.90 | |||
| HDB Financial Services Ltd | CRISIL AAA | 2,580.08 | 2.73 | |||
| Poonawalla Fincorp Ltd | CRISIL AAA | 2,542.45 | 2.69 | |||
| Kotak Mahindra Investments Ltd | CRISIL AAA | 1,022.82 | 1.08 | |||
| Total Corporate Debt | 51,158.65 | 54.22 | ||||
| Small Industries Development Bank Of India* | CARE AAA | 7,404.93 | 7.85 | |||
| National Bank For Agriculture & Rural Development* | IND AAA | 5,173.70 | 5.48 | |||
| REC Ltd* | CRISIL AAA | 5,006.93 | 5.31 | |||
| Power Finance Corporation Ltd | CRISIL AAA | 2,589.03 | 2.74 | |||
| National Bank for Financing Infrastructure and Development | CRISIL AAA | 2,549.28 | 2.70 | |||
| Housing & Urban Development Corporation Ltd | ICRA AAA | 2,523.14 | 2.67 | |||
| Power Finance Corporation Ltd | ICRA AAA | 2,150.67 | 2.28 | |||
| National Bank For Agriculture & Rural Development | CRISIL AAA | 1,618.96 | 1.72 | |||
| Total PSU/PFI Bonds | 29,016.65 | 30.75 | ||||
| 6.90% GOI 2065 (15-APR-2065) | SOVEREIGN | 3,548.13 | 3.76 | |||
| 6.84% Andhra Pradesh SDL (04-Jun-2038) | SOVEREIGN | 1,976.84 | 2.10 | |||
| 7.32% Chhattisgarh SDL (05-Mar-2037) | SOVEREIGN | 55.50 | 0.06 | |||
| 7.32% West Bengal SDL (05-Mar-2038) | SOVEREIGN | 52.33 | 0.06 | |||
| 7.10% Rajasthan SDL (26-Mar-2043) | SOVEREIGN | 42.46 | 0.04 | |||
| Total Gilts | 5,675.26 | 6.02 | ||||
| Total Debt Holdings | 85,850.56 | 90.99 | ||||
| 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 | 219.75 | 0.23 | |||
| Total Alternative Investment Fund Units | 219.75 | 0.23 | ||||
| Total Holdings | 86,070.31 | 91.22 | ||||
| Margin on Derivatives | 13.39 | 0.01 | ||||
| Call,cash and other current asset | 8,267.72 | 8.76 | ||||
| Total Asset | 94,351.42 | 100.00 | ||||
| * Top 10 holdings | ||||||
Outstanding Interest Rate Swap Position
| Contract Name | Notional Value (In Lakhs) | % of assets |
| ICICI Bank (Pay Fixed - Receive Floating) | 2,500 | 2.65% |
| ICICI Bank (Pay Fixed - Receive Floating) | 1,500 | 1.59% |
| IDFC First Bank (Pay Fixed - Receive Floating) | 2,500 | 2.65% |
| IDFC First Bank (Pay Fixed - Receive Floating) | 6,500 | 6.89% |
| IDFC First Bank (Pay Fixed - Receive Floating) | 2,500 | 2.65% |
| Total Interest Rate Swap | 15,500 | 16.43% |
@ TREPs /Reverse Repo : 13.86%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -5.10%
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.