Franklin India Floating Rate Fund

As on July 31, 2025
Franklin India Floating Rate Fund

As on July 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 8.15 years
ANNUALISED PORTFOLIO YTM#7.09%***
MODIFIED DURATION 2.82 years
MACAULAY DURATION 2.96 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#: 0.97%
EXPENSE RATIO# (DIRECT) : 0.25%
# 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 JULY 31, 2025
Growth Plan Rs 41.2531
IDCW Plan Rs 10.3254
Direct - Growth Plan Rs45.0597
Direct - IDCW Plan Rs 10.2240

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 352.17 Crores
Monthly AverageRs 354.94 Crores

Company NameCompany Ratings Market Value (including accrued interest, if any) (Rs. in Lakhs)% of assets
Jubilant Beverages Ltd* CRISIL AA 2,489.64 7.07
Jubilant Bevco Ltd* CRISIL AA 2,450.83 6.96
Bharti Telecom Ltd* CRISIL AAA 2,223.37 6.31
Bajaj Finance Ltd* IND AAA 2,122.38 6.03
LIC Housing Finance Ltd* CARE AAA 1,562.22 4.44
LIC Housing Finance Ltd CRISIL AAA 1,558.85 4.43
Poonawalla Fincorp Ltd CRISIL AAA 1,022.85 2.90
Total Corporate Debt 13,430.14 38.14
Bank of Baroda* IND A1+ 2,410.72 6.85
Total Money Market Instruments 2,410.72 6.85
GOI FRB 2033 (22-SEP-2033)* SOVEREIGN 8,006.14 22.73
6.90% GOI 2065 (15-APR-2065)* SOVEREIGN 2,988.52 8.49
7.04% Karnataka SDL (26-Sep-2032)* SOVEREIGN 2,619.39 7.44
GOI FRB 2031 (07-DEC-2031)* SOVEREIGN 2,066.89 5.87
GOI FRB 2034 (30-OCT-2034) SOVEREIGN 1,560.25 4.43
7.08% Andhra Pradesh SDL (26-Mar-2037) SOVEREIGN 468.39 1.33
7.10% Rajasthan SDL (26-Mar-2043) SOVEREIGN 85.05 0.24
Total Gilts 17,794.63 50.53
Total Debt Holdings 33,635.49 95.51
Company Name No.of Shares Market Value(Rs. in Lakhs) % of Assets
Alternative Investment Fund Units
Corporate Debt Market Development Fund Class A2 884 99.81 0.28
Total Alternative Investment Fund Units 99.81 0.28
 
Total Holdings 33,735.30 95.79
Margin on Derivatives 2.49 0.01
Call,cash and other current asset 1,479.45 4.20
Total Asset 35,217.24 100.00
* 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 7.10%
IDFC First Bank (Pay Fixed - Receive Floating) 2,500 7.10%
IDFC First Bank (Pay Fixed - Receive Floating) 2,500 7.10%
IDFC First Bank (Pay Fixed - Receive Floating) 2,500 7.10%
Total Interest Rate Swap 10,000 28.40%


@ TREPs / Reverse Repo : 4.14%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : 0.06%



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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.