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Franklin India Ultra Short Duration Fund As on April 30, 2025 |
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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 |
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 | 0.75 Years |
| ANNUALISED PORTFOLIO YTM# | 6.80%*** |
| MODIFIED DURATION | 0.43 Years |
| MACAULAY DURATION | 0.47 Years |
***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. |
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 |
| Growth Plan | Rs 10.5046 |
| Daily IDCW | Rs 10.5046 |
| Direct - Growth Plan | Rs 10.5378 |
| Direct - IDCW Plan | Rs 10.5378 |
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 258.15 Crores |
| Monthly Average | Rs 257.38 Crores |
| Company Name | Company Ratings | Market Value (including accrued interest, if any) (Rs. in Lakhs) | % of assets | |
| Bharti Telecom Ltd* | CRISIL AA+ | 1,563.80 | 6.06 | |
| LIC Housing Finance Ltd* | CRISIL AAA | 1,526.47 | 5.91 | |
| Cholamandalam Investment and Finance Co Ltd | IND AA+ | 530.31 | 2.05 | |
| Total Corporate Debt | 3,620.58 | 14.02 | ||
| Small Industries Development Bank of India* | CARE A1+ | 2,403.60 | 9.31 | |
| Punjab National Bank* | CRISIL A1+ | 2,389.79 | 9.26 | |
| Canara Bank* | CRISIL A1+ | 2,380.54 | 9.22 | |
| HDFC Bank Ltd* | CARE A1+ | 2,380.28 | 9.22 | |
| National Bank For Agriculture & Rural Development* | CRISIL A1+ | 2,358.03 | 9.13 | |
| Bajaj Financial Securities Ltd* | CRISIL A1+ | 1,486.36 | 5.76 | |
| Axis Bank Ltd* | CRISIL A1+ | 1,447.91 | 5.61 | |
| IIFL Finance Ltd | CRISIL A1+ | 989.85 | 3.83 | |
| Indian Bank | CRISIL A1+ | 945.57 | 3.66 | |
| Kotak Mahindra Prime Ltd | CRISIL A1+ | 482.52 | 1.87 | |
| Total Money Market Instruments | 17,264.43 | 66.88 | ||
| GOI FRB 2028 (04-OCT-2028)* | SOVEREIGN | 1,520.93 | 5.89 | |
| 364 DTB (19-MAR-2026) | SOVEREIGN | 950.41 | 3.68 | |
| 364 DTB (22-JAN-2026) | SOVEREIGN | 15.15 | 0.06 | |
| Total Gilts | 2,486.50 | 9.63 | ||
| Total Debt Holdings | 23,371.51 | 90.53 | ||
| Company Name | No.of Shares | Market Value(Rs. in Lakhs) | % of Assets | |
| Alternative Investment Fund Units | ||||
| Corporate Debt Market Development Fund Class A2 | 547 | 60.86 | 0.24 | |
| Total Alternative Investment Fund Units | 60.86 | 0.24 | ||
| Total Holdings | 23,432.37 | 90.77 | ||
| Margin on Derivatives | 1.39 | 0.01 | ||
| Call,cash and other current asset | 2,381.69 | 9.23 | ||
| Total Asset | 25,815.46 | 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 | 5.81% |
| IDFC First Bank (Pay Fixed - Receive Floating) | 1,000 | 3.87% |
| IDFC First Bank (Pay Fixed - Receive Floating) | 1,000 | 3.87% |
| Total Interest Rate Swap | 3,500 | 13.56% |
@ TREPs /Reverse Repo : 10.36%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -1.13%
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.