Franklin India Government Securities Fund
As on April 30, 2025
Franklin India Government Securities Fund

As on April 30, 2025
TYPE OF SCHEME

An open ended debt scheme investing in government securities across maturity
SCHEME CATEGORY

Gilt Fund
SCHEME CHARACTERISTICS

Min 80% in G-secs (across maturity)
INVESTMENT OBJECTIVE

The Primary objective of the Scheme is to generate return through investments in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the central Government and / or State Government for repayment of Principal and Interest
DATE OF ALLOTMENT:

December 7, 2001

FUND MANAGER(S):

Anuj Tagra (w.e.f. March 07, 2024)
Rahul Goswami (w.e.f. October 6, 2023)
BENCHMARK:

NIFTY All Duration G-Sec Index
MATURITY & YIELD

RESIDUAL MATURITY/AVERAGE MATURITY 20.39 years
ANNUALISED PORTFOLIO YTM#6.80%***
MODIFIED DURATION 7.02 years
MACAULAY DURATION 7.27 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#: 1.15%
EXPENSE RATIO# (DIRECT) : 0.60%
# 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 FOR NEW /
EXISTING INVESTORS:

Rs10,000/1 (G);
Rs25,000/1 (D);

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
*CDSC is treated similarly

Different plans have a different expense structure

Benchmark for FIGSF has been changed to NIFTY All Duration G-Sec Index, effective from 8th September 2021


NAV AS OF APRIL 30, 2025

FIGSF
Growth Plan Rs 58.9401
IDCW Plan Rs 10.9430
FIGSF (Direct)
Growth Plan Rs 64.5229
IDCW Plan Rs 12.2418

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 153.29 crores
Monthly AverageRs 151.80 crores

Company NameCompany Ratings Market Value (including accrued interest, if any) (Rs. in Lakhs)% of assets
6.90% GOI 2065 (15-APR-2065)* SOVEREIGN 4,375.08 28.54
GOI FRB 2034 (30-OCT-2034)* SOVEREIGN 2,539.25 16.56
6.79% GOI 2034 (07-OCT-2034)* SOVEREIGN 1,552.37 10.13
7.10% Himachal Pradesh SDL (26-Mar-2040)* SOVEREIGN 1,032.97 6.74
7.09% Haryana SDL (26-Mar-2040)* SOVEREIGN 983.75 6.42
7.10% Kerala SDL (26-Mar-2043)* SOVEREIGN 623.17 4.07
7.18% GOI 2033 (14-AUG-2033)* SOVEREIGN 534.01 3.48
7.10% West Bengal SDL (26-Mar-2047)* SOVEREIGN 519.76 3.39
7.10% West Bengal SDL (26-Mar-2046)* SOVEREIGN 518.85 3.38
7.10% Rajasthan SDL (26-Mar-2043)*' SOVEREIGN 518.50 3.38
7.10% West Bengal SDL (26-Mar-2045) SOVEREIGN 517.38 3.38
7.08% Haryana SDL (26-Mar-2039) SOVEREIGN 489.30 3.19
7.08% Kerala SDL (26-Mar-2040) SOVEREIGN 216.69 1.41
7.32% Chhattisgarh SDL (05-Mar-2037) SOVEREIGN 55.41 0.36
7.32% West Bengal SDL (05-Mar-2038) SOVEREIGN 52.79 0.34
Total Gilts 14,529.27 94.78
Total Debt Holdings 14,529.27 94.78
 
Total Holdings 14,529.27 94.78
Margin on Derivatives 5.33 0.03
Call,cash and other current asset 794.79 5.18
Total Asset 15,329.39 100.00

Outstanding Interest Rate Swap Position
Contract Name Notional Value (In Lakhs) % of assets
IDFC First Bank (Pay Fixed - Receive Floating) 1,000 6.52%
IDFC First Bank (Pay Fixed - Receive Floating) 1,000 6.52%
IDFC First Bank (Pay Fixed - Receive Floating) 1,500 9.79%
IDFC First Bank (Pay Fixed - Receive Floating) 1,500 9.79%
Total Interest Rate Swap 5,000 32.62%

'@ TREPs / Reverse Repo : 15.26%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -10.08%



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.


Franklin India Government Securities Fund (FIGSF) - Composite and PF Plan (Merging Plans) to be merged into FIGSF – Long Term Plan (Surviving Plan) effective June 4, 2018.