Franklin India Ultra Short Duration Fund
As on March 31, 2025
Franklin India Ultra Short Duration Fund
As on March 31, 2025

TYPE OF SCHEME

An open ended Ultra-short term debt scheme investing in instruments such that the Macaulay Duration of the portfolio is between 3 months to 6 months
SCHEME CATEGORY

Ultra Short Duration Fund
SCHEME CHARACTERISTICS

100 % in Debt securities, Money Market instruments, cash & cash equivalent
INVESTMENT OBJECTIVE

To provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments.
DATE OF ALLOTMENT:

August 29, 2024
FUND MANAGER(S):

Rohan Maru (w.e.f. October 10, 2024)
Pallab Roy, Rahul Goswami
BENCHMARK:

NIFTY Ultra Short Duration Debt Index A-I
MATURITY & YIELD

RESIDUAL MATURITY / AVERAGE MATURITY 0.89 Years
ANNUALISED PORTFOLIO YTM# 7.35%***
MODIFIED DURATION 0.47 Years
MACAULAY DURATION 0.51 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#: 0.67%
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 FOR NEW /
EXISTING INVESTORS

 Rs5000/1
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 MARCH 31, 2025
Growth Plan Rs 10.4253
Daily IDCW Rs 10.4253
Direct - Growth Plan Rs 10.4546
Direct - IDCW Plan Rs 10.4546

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 227.45 Crores
Monthly AverageRs 237.44 Crores

Company NameCompany Ratings Market Value (including accrued interest, if any) (Rs. in Lakhs)% of assets
Bharti Telecom Ltd* CRISIL AA+ 1,551.20 6.82
LIC Housing Finance Ltd* CRISIL AAA 1,511.55 6.65
Total Corporate Debt 3,062.75 13.47
Export-Import Bank Of India* ICRA AAA 1,558.98 6.85
Total PSU/PFI Bonds 1,558.98 6.85
Punjab National Bank* CRISIL A1+ 2,368.26 10.41
Canara Bank* CRISIL A1+ 2,359.58 10.37
HDFC Bank Ltd* CARE A1+ 2,358.56 10.37
National Bank For Agriculture & Rural Development* CRISIL A1+ 2,335.10 10.27
Mankind Pharma Ltd* CRISIL A1+ 1,495.20 6.57
Bajaj Financial Securities Ltd* CRISIL A1+ 1,476.09 6.49
Axis Bank Ltd CRISIL A1+ 1,435.98 6.31
IIFL Finance Ltd CRISIL A1+ 981.66 4.32
Indian Bank CRISIL A1+ 936.66 4.12
IDFC First Bank Ltd CRISIL A1+ 885.35 3.89
Kotak Mahindra Prime Ltd CRISIL A1+ 478.88 2.11
Total Money Market Instruments 17,111.33 75.23
GOI FRB 2028 (04-OCT-2028)* SOVEREIGN 1,562.43 6.87
364 DTB (19-MAR-2026) SOVEREIGN 941.95 4.14
364 DTB (22-JAN-2026) SOVEREIGN 15.02 0.07
Total Gilts 2,519.41 11.08
Total Debt Holdings 24,252.46 106.63
Company Name No.of Shares Market Value(Rs. in Lakhs) % of Assets
Alternative Investment Fund Units
Corporate Debt Market Development Fund Class A2 547 60.41 0.27
Total Alternative Investment Fund Units 60.41 0.27
 
Total Holdings 24,312.87 106.89
Call,cash and other current asset -1,567.81 -6.89
Total Asset 22,745.06 100.00
* Top 10 Holdings

Outstanding Interest Rate Swap Position
Contract Name Notional Value (In Lakhs) % of assets
IDFC First Bank (Pay Fixed - Receive Floating)1,500 6.59%
IDFC First Bank (Pay Fixed - Receive Floating)1,000 4.40%
IDFC First Bank (Pay Fixed - Receive Floating)1,000 4.40%
Total Interest Rate Swap 3,500

@ TREPs / Reverse Repo : -6.56%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -0.33%



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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.