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Franklin India Government Securities Fund
As on April 30, 2026 |
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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 | 13.39 years |
| ANNUALISED PORTFOLIO YTM# | 7.00% |
| MODIFIED DURATION | 4.04 years |
| MACAULAY DURATION | 4.21 years |
BASE EXPENSE RATIO#: 0.95%
BASE EXPENSE RATIO# (DIRECT) : 0.53%
#Base Expense Ratio (BER) is the actual expense ratio charged as per the AUM slabs and within the BER limits prescribed in Regulation 66 of SEBI MF regulations. BER excludes brokerage and transaction costs incurred towards execution of trades and the applicable statutory levies as on that date. Brokerage and transaction costs incurred towards execution of trades and statutory levies are charged, at actuals, and is over and above the BER.
For Total Expense Ratio (TER) and break up of TER i.e., BER, brokerage and transaction costs and statutory levies, please refer to daily TER disclosures on our website www.franklintempletonindia.com. For detailed understanding of TER, please refer to the TER note on our website. MINIMUM INVESTMENT FOR NEW /
EXISTING INVESTORS:
| Rs10,000/1 (G); |
| Rs25,000/1 (D); |
Rs 500/1
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS:
| Rs1000/1 |
| 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
| FIGSF | |
| Growth Plan | Rs 60.0868 |
| IDCW Plan | Rs 10.6161 |
| FIGSF (Direct) | |
| Growth Plan | Rs 66.1414 |
| IDCW Plan | Rs 11.8029 |
| 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 164.46 crores |
| Monthly Average | Rs 164.46 crores |
| Company Name | Company Ratings | Market Value (including accrued interest, if any) (Rs. in Lakhs) | % of assets |
| 6.90% GOI 2065 (15-APR-2065)* | SOVEREIGN | 3,210.44 | 19.52 |
| 7.66% Maharashtra SDL (04-Mar-2047)* | SOVEREIGN | 2,987.55 | 18.17 |
| 91 DTB (14-MAY-2026)* | SOVEREIGN | 1,996.34 | 12.14 |
| 7.73% Andhra Pradesh SDL (23-Mar-2032)* | SOVEREIGN | 1,526.69 | 9.28 |
| 7.62% Punjab SDL (28-Jan-2033)* | SOVEREIGN | 1,521.13 | 9.25 |
| 7.86% Haryana SDL (29-Jun-2032)* | SOVEREIGN | 1,041.28 | 6.33 |
| 7.17% Rajasthan SDL (02-Mar-2032)* | SOVEREIGN | 497.04 | 3.02 |
| 7.65% Bihar SDL (24-Dec-2033)* | SOVEREIGN | 320.26 | 1.95 |
| 7.64% Uttarakhand SDL (24-Dec-2032)* | SOVEREIGN | 70.58 | 0.43 |
| 7.32% Chhattisgarh SDL (05-Mar-2037)* | SOVEREIGN | 51.24 | 0.31 |
| 7.32% West Bengal SDL (05-Mar-2038) | SOVEREIGN | 48.58 | 0.30 |
| Total Gilts | 13,271.12 | 80.69 | |
| Total Debt Holdings | 13,271.12 | 80.69 | |
| Total Holdings | 13,271.12 | 80.69 | |
| Margin on Derivatives | 0.33 | 0.00 | |
| Call,cash and other current asset | 3,174.78 | 19.30 | |
| Total Asset | 16,446.23 | 100.00 |
Outstanding Interest Rate Swap Position
| Contract Name | Notional Value (In Lakhs) | % of assets |
| DBS BANK LTD (Pay Fixed - Receive Floating) | 2,500 | 15.20 |
| STANDARD CHARTERED BANK (Pay Fixed - Receive Floating) | 1,500 | 9.12 |
| ICICI SECURITIES PRIMARY DEALERSHIP LTD (Pay Fixed - Receive Floating) | 1,000 | 6.08 |
| ICICI SECURITIES PRIMARY DEALERSHIP LTD (Pay Fixed - Receive Floating) | 1,000 | 6.08 |
| IDFC FIRST BANK LTD (Pay Fixed - Receive Floating) | 1,000 | 6.08 |
| Total Interest Rate Swap | 7,000 | 42.56 |
@ TREPs /Reverse Repo : 9.11%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : 10.19%
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.