Franklin India Floating Rate Fund

As on March 31, 2025
Franklin India Floating Rate Fund

As on March 31, 2025

TYPE OF SCHEME

An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate instruments converted to floating rate exposures using swaps/ derivatives)
SCHEME CATEGORY

Floater Fund
SCHEME CHARACTERISTICS

Min 65% in Floating Rate Instruments
INVESTMENT OBJECTIVE

To provide income and liquidity consistent with the prudent risk from a portfolio comprising of floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, and also fixed rate instruments and money market instruments.
DATE OF ALLOTMENT:

April 23, 2001
FUND MANAGER(S):

Pallab Roy,
Rohan Maru (w.e.f. October 10, 2024)
Sandeep Manam
(dedicated for making investments for Foreign Securities)
BENCHMARK:

NIFTY Short Duration Debt Index A-II (w.e.f. April 1, 2024)
MATURITY & YIELD

RESIDUAL MATURITY/AVERAGE MATURITY 9.38 years
ANNUALISED PORTFOLIO YTM# 7.40%***
MODIFIED DURATION 3.91 years
MACAULAY DURATION 4.08 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 which was the practice followed prior to November 17, 2021.
EXPENSE RATIO#: 0.98%
EXPENSE RATIO# (DIRECT) : 0.28%
# 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:

 Rs1000/1
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 MARCH 31, 2025
Growth Plan Rs 39.7888
IDCW Plan Rs 10.2698
Direct - Growth Plan Rs 43.3555
Direct - IDCW Plan Rs 10.1670

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 313.67 Crores
Monthly AverageRs 316.17 Crores

Company NameCompany Ratings Market Value (including accrued interest, if any) (Rs. in Lakhs)% of assets
Bharti Telecom Ltd* CRISIL AA+ 2,121.23 6.76
Mankind Pharma Ltd* CRISIL AA+ 2,089.73 6.66
Bajaj Finance Ltd* IND AAA 2,044.10 6.52
Total Corporate Debt 6,255.06 19.94
ONGC Petro Additions Ltd* CRISIL AA 1,534.72 4.89
National Bank For Agriculture & Rural Development IND AAA 1,006.82 3.21
Total PSU/PFI Bonds 2,541.54 8.10
GOI FRB 2033 (22-SEP-2033)* SOVEREIGN 7,731.72 24.65
6.99% TAMIL NADU SDL 26-MAR-31* SOVEREIGN 2,511.17 8.01
GOI FRB 2031 (07-DEC-2031)* SOVEREIGN 2,079.58 6.63
GOI FRB 2034 (30-OCT-2034)* SOVEREIGN 1,561.62 4.98
7.10% KERALA SDL 26-MAR-43* SOVEREIGN 1,011.12 3.22
7.10% WEST BENGAL SDL 26-MAR-45* SOVEREIGN 1,009.50 3.22
7.10% RAJASTHAN SDL 26-MAR-43 SOVEREIGN 1,009.12 3.22
7.10% HIMACHAL PRADESH SDL 26-MAR-40 SOVEREIGN 1,008.04 3.21
7.10% WEST BENGAL SDL 26-MAR-47 SOVEREIGN 1,007.48 3.21
7.10% WEST BENGAL SDL 26-MAR-46 SOVEREIGN 1,006.41 3.21
7.09% HARYANA SDL 26-MAR-40 SOVEREIGN 962.86 3.07
7.08% ANDHRA PRADESH SDL 26-MAR-37 SOVEREIGN 459.01 1.46
7.08% KERALA SDL 26-MAR-40 SOVEREIGN 422.92 1.35
7.08% HARYANA SDL 26-MAR-39 SOVEREIGN 211.27 0.67
Total Gilts 21,991.82 70.11
Total Debt Holdings 30,788.42 98.16
Company Name No.of Shares Market Value(Rs. in Lakhs) % of Assets
Alternative Investment Fund Units
Corporate Debt Market Development Fund Class A2 789 87.11 0.28
Total Alternative Investment Fund Units 87.11 0.28
 
Total Holdings 30,875.54 98.43
Call,cash and other current asset 491.30 1.57
Total Asset 31,366.84 100.00
* 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 7.97%
IDFC First Bank (Pay Fixed - Receive Floating) 3,000 9.56%
IDFC First Bank (Pay Fixed - Receive Floating) 2,500 7.97%
Total Interest Rate Swap 8,000


@ TREPs / Reverse Repo : 1.49%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : 0.08%



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.