As on April 30, 2025
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Franklin India Floating Rate Fund As on April 30, 2025 |
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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 | 9.28 years |
| ANNUALISED PORTFOLIO YTM# | 7.20% |
| MODIFIED DURATION | 4.06 years |
| MACAULAY DURATION | 4.24 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 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 |
| Growth Plan | Rs 40.4338 |
| IDCW Plan | Rs 10.3780 |
| Direct - Growth Plan | Rs 44.0836 |
| Direct - IDCW Plan | Rs 10.2747 |
| 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 | Rs 322.57 Crores |
| Monthly Average | Rs 319.05 Crores |
| Company Name | Company Ratings | Market Value (including accrued interest, if any) (Rs. in Lakhs) | % of assets | |
| Bharti Telecom Ltd* | CRISIL AA+ | 2,153.82 | 6.68 | |
| Bajaj Finance Ltd* | IND AAA | 2,075.52 | 6.43 | |
| Mankind Pharma Ltd* | CRISIL AA+ | 2,036.83 | 6.31 | |
| Poonawalla Fincorp Ltd | CRISIL AAA | 1,004.61 | 3.11 | |
| Total Corporate Debt | 7,270.77 | 22.54 | ||
| ONGC Petro Additions Ltd* | CRISIL AA | 1,552.54 | 4.81 | |
| Total PSU/PFI Bonds | 1,552.54 | 4.81 | ||
| GOI FRB 2033 (22-SEP-2033)* | SOVEREIGN | 7,826.18 | 24.26 | |
| 6.99% Tamil Nadu SDL (26-Mar-2031)* | SOVEREIGN | 2,565.11 | 7.95 | |
| GOI FRB 2031 (07-DEC-2031)* | SOVEREIGN | 2,099.79 | 6.51 | |
| GOI FRB 2034 (30-OCT-2034)* | SOVEREIGN | 1,523.55 | 4.72 | |
| 7.10% West Bengal SDL (26-Mar-2047)* | SOVEREIGN | 1,039.52 | 3.22 | |
| 7.10% Kerala SDL (26-Mar-2043)* | SOVEREIGN | 1,038.61 | 3.22 | |
| 7.10% West Bengal SDL (26-Mar-2046) | SOVEREIGN | 1,037.71 | 3.22 | |
| 7.10% Rajasthan SDL (26-Mar-2043) | SOVEREIGN | 1,037.00 | 3.21 | |
| 7.10% West Bengal SDL (26-Mar-2045) | SOVEREIGN | 1,034.76 | 3.21 | |
| 7.10% Himachal Pradesh SDL (26-Mar-2040) | SOVEREIGN | 1,032.97 | 3.20 | |
| 7.09% Haryana SDL (26-Mar-2040) | SOVEREIGN | 983.75 | 3.05 | |
| 7.08% Andhra Pradesh SDL (26-Mar-2037) | SOVEREIGN | 468.19 | 1.45 | |
| 7.08% Kerala SDL (26-Mar-2040) | SOVEREIGN | 433.38 | 1.34 | |
| 6.79% GOI 2034 (07-OCT-2034) | SOVEREIGN | 310.42 | 0.96 | |
| 7.08% Haryana SDL (26-Mar-2039) | SOVEREIGN | 216.06 | 0.67 | |
| Total Gilts | 22,646.99 | 70.21 | ||
| Total Debt Holdings | 31,470.30 | 97.56 | ||
| Company Name | No.of Shares | Market Value(Rs. in Lakhs) | % of Assets | |
| Alternative Investment Fund Units | ||||
| Corporate Debt Market Development Fund Class A2 | 789 | 87.77 | 0.27 | |
| Total Alternative Investment Fund Units | 87.77 | 0.27 | ||
| Total Holdings | 31,558.08 | 97.83 | ||
| Margin on Derivatives | 2.01 | 0.29 | ||
| Call,cash and other current asset | 696.44 | 1.88 | ||
| Total Asset | 32,256.52 | 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 | 7.75% |
| IDFC First Bank (Pay Fixed - Receive Floating) | 3,000 | 9.30% |
| IDFC First Bank (Pay Fixed - Receive Floating) | 2,500 | 7.75% |
| Total Interest Rate Swap | 8,000 | 24.80% |
@ TREPs / Reverse Repo : 2.22%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -0.34%
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.