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Franklin India Savings Fund As on April 28, 2023 |
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An open ended debt scheme investing in money market instruments
SCHEME CATEGORY
Money Market Fund
SCHEME CHARACTERISTICS
Money Market Instruments with Maturity upto 1 year
INVESTMENT OBJECTIVE
To provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.
DATE OF ALLOTMENT (MAIN PORTFOLIO):
| Retail Option | Feb 11, 2002 |
| Institutional Option | Sep 6, 2005 |
FUND MANAGER(S):
Pallab Roy & Umesh Sharma
BENCHMARK:
Tier-1 : NIFTY Money Market Index B-I
Tier-2 : NIFTY Money Market Index A-I
(effective April 1, 2022)
| MATURITY & YIELD | |
| RESIDUAL MATURITY / AVERAGE MATURITY | 0.64 Years 232.67 |
| ANNUALISED PORTFOLIO YTM# | 7.34% |
| MODIFIED DURATION | 0.59 Years 216.71 Days |
| MACULAY DURATION | 0.64 Years 232.68 Days |
Please note that from this month onwards, we will be giving average maturity, modified duration and macaulay duration in years as well as in days.
EXPENSE RATIO#: 0.26% (Retail) EXPENSE RATIO# (DIRECT) : 0.09% (Retail)
All investors have redeemed from the Institutional Plan in FISF effective June 19, 2020 and this Plan has been closed for subscription / redemption
# 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:
Retail Plan: Rs10,000/1 MINIMUM INVESTMENT FOR SIP
Rs 500/1
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS:
Retail Plan:Rs1000/1 LOAD STRUCTURE:
| Entry Load | : | Nil |
| Exit Load (for each purchase of Units) | : | Nil |
| Different plans have a different expense structure | ||
| Retail Plan | |
| Growth Plan | Rs 42.7676 |
| Quarterly IDCW | Rs10.5407 |
| Monthly IDCW | Rs10.2698 |
| Daily IDCW | Rs10.0457 |
| Retail Plan (Direct) | |
| Growth Plan | Rs44.0434 |
| Quarterly IDCW | Rs 11.0131 |
| Monthly IDCW | Rs 10.686010.0571 |
| Daily IDCW | Rs 10.0571 |
| 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 1137.50 Crores |
| Monthly Average | Rs 1095.51 Crores |
| Company Name | Company Ratings | Group | Market Value (including accrued interest, if any) (Rs. in Lakhs) | % of assets | ||
| Bank of Baroda* | IND A1+ | Bank Of Baroda | 4,893.96 | 4.30 | ||
| ICICI Bank Ltd* | ICRA A1+ | ICICI | 4,871.10 | 4.28 | ||
| State Bank Of India* | IND A1+ | SBI | 4,870.25 | 4.28 | ||
| JM Financial Products Ltd* | CRISIL A1+ | JM Financial | 4,853.32 | 4.27 | ||
| Reliance Jio Infocomm Ltd* | CARE A1+ | Reliance | 4,851.84 | 4.27 | ||
| Housing Development Finance Corporation Ltd* | CRISIL A1+ | HDFC | 4,789.00 | 4.21 | ||
| Axis Bank Ltd* | CRISIL A1+ | Axis Bank | 4,788.70 | 4.21 | ||
| Canara Bank* | CRISIL A1+ | Canara Bank | 4,781.56 | 4.20 | ||
| Union Bank of India | IND A1+ | Union Bank of India | 4,727.48 | 4.16 | ||
| Punjab National Bank | CARE A1+ | Punjab National Bank | 4,719.29 | 4.15 | ||
| Kotak Mahindra Bank Ltd | CRISIL A1+ | Kotak Mahindra | 4,711.28 | 4.14 | ||
| Indian Bank | CRISIL A1+ | Indian Bank | 4,702.50 | 4.13 | ||
| Small Industries Development Bank of India | CARE A1+ | SIDBI | 4,696.93 | 4.13 | ||
| National Bank For Agriculture & Rural Development | IND A1+ | NABARD | 4,696.28 | 4.13 | ||
| Axis Finance Ltd | IND A1+ | Axis Bank | 4,696.27 | 4.13 | ||
| HDFC Bank Ltd | CARE A1+ | HDFC | 4,691.99 | 4.12 | ||
| Kotak Mahindra Investments Ltd | ICRA A1+ | Kotak Mahindra | 4,681.35 | 4.12 | ||
| Reliance Industries Ltd | CARE A1+ | RELIANCE | 3,979.10 | 3.50 | ||
| Reliance Retail Ventures Ltd | CARE A1+ | Reliance | 2,486.94 | 2.19 | ||
| ICICI Securities Ltd | CRISIL A1+ | ICICI | 2,455.69 | 2.16 | ||
| Cholamandalam Investment and Finance Co Ltd | ICRA A1+ | Murugappa | 2,417.89 | 2.13 | ||
| Total Money Market Instruments | 92,362.66 | 81.20 | ||||
| 364 DTB (07-MAR-2024)* | SOVEREIGN | GOI | 9,432.88 | 8.29 | ||
| 364 DTB (14-MAR-2024)* | SOVEREIGN | GOI | 9,421.51 | 8.28 | ||
| 182 DTB (06-JUL-2023) | SOVEREIGN | GOI | 1,481.45 | 1.30 | ||
| Total Gilts | 20,335.84 | 17.88 | ||||
| Total Debt Holdings | 1,12,698.49 | 99.08 | ||||
| Total Holdings | 1,12,698.49 | 99.08 | ||||
| Call,cash and other current asset | 1,051.96 | 0.92 | ||||
| Total Asset | 1,13,750.45 | 100.00 | ||||
| * Top 10 holdings | ||||||
@ Reverse Repo :1.02%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -0.10%
“India Ratings and Research (Ind-Ra) has assigned a credit rating of “IND A1+mfs” to “Franklin India Savings Plus Fund”. Ind-Ra’s National Scale Money Market Fund Rating
primarily focuses on the investment objective of preservation of capital. India Ratings reviews, among other factors, applicable fund regulation, track record of the fund
industry, industry standards and practices. An India Ratings MMF rating is primarily based on an analysis of the fund’s investment policy. India Ratings expects MMFs to be
diversified and to adhere to conservative guidelines limiting credit, market and liquidity risks. India Ratings typically requests monthly portfolio holdings and relevant
performance statistics to actively monitor national scale MMF Ratings. Ratings do not guarantee the return profile or risk attached to the investments made. Ratings are not a
recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment
strategy with respect to any investment, loan or security or any issuer. Ratings do not comment on the adequacy of market price, the suitability of any investment, loan or
security for a particular investor (including without limitation, any accounting and/or regulatory treatment), or the tax-exempt nature or taxability of payments made in respect
of any investment, loan or security. India Ratings is not your advisor, nor is India Ratings providing to you or any other party any financial advice, or any legal, auditing,
accounting, appraisal, valuation or actuarial services. A rating should not be viewed as a replacement for such advice or services.
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.