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| NAV: 21 Oct 2021 | ₹10.93 |
| Min. SIP amount | ₹500 |
| Rating | 2star |
| Fund size | ₹840.71 Cr |
Understand terms
Annualised returns
Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Category: Debt Banking and PSU
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 4.4% | 9.1% | 7.9% | 8.6% |
| Category average | 4.4% | 8.4% | 7.7% | NA |
| Rank with in category | 9 | 7 | 6 | NA |
Understand termsinfo
Holdings (37)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
GOI | Sovereign | GOI Sec | 7.1% |
Housing & Urban Development Corporation Ltd. | Financial | Debenture | 6.1% |
National Bank For Agriculture & Rural Development | Financial | Debenture | 6.0% |
Power Finance Corporation Ltd. | Financial | NCD | 5.0% |
GOI | Sovereign | GOI Sec | 4.7% |
Indian Railway Finance Corporation Ltd. | Financial | Debenture | 4.6% |
GOI | Sovereign | GOI Sec | 4.4% |
NHPC Ltd. | Energy | Bonds | 3.7% |
Small Industries Devp. Bank of India Ltd. | Financial | Debenture | 3.7% |
ONGC Petro Additions Ltd. | Energy | Debenture | 3.6% |
See All
Disclaimer
This content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
infoCategory: Debt Banking and PSU
thumb_up_alt
Pros
3Y and 5Y annualised returns higher than category average
Higher alpha: 6.65
The fund has generated returns higher than benchmark - NIFTY Banking and PSU Debt TRI - in the last 3Y
Exit load is zero
Lower expense ratio: 0.18%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
thumb_down_alt
Cons
Low rating: 2
1Y annualised returns lower than category average by 0.03%
Understand terms
Expense ratio
A fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
Tax
A percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit load
A fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp duty
A form of tax payable for the purchase or sale of an asset or security.
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.18%
31 Aug 2021 - 30 Sep 2021
0.18%
31 Jul 2021 - 31 Aug 2021
0.18%
30 Jun 2021 - 31 Jul 2021
0.19%
31 May 2021 - 30 Jun 2021
0.19%
30 Apr 2021 - 31 May 2021
0.19%
31 Mar 2021 - 30 Apr 2021
0.21%
28 Feb 2021 - 31 Mar 2021
0.21%
31 Jan 2021 - 28 Feb 2021
0.22%
31 Dec 2020 - 31 Jan 2021
0.22%
30 Nov 2020 - 31 Dec 2020
0.22%
31 Oct 2020 - 30 Nov 2020
0.19%
30 Sep 2020 - 31 Oct 2020
0.21%
31 Aug 2020 - 30 Sep 2020
0.19%
31 Jul 2020 - 31 Aug 2020
0.19%
30 Jun 2020 - 31 Jul 2020
0.19%
31 May 2020 - 30 Jun 2020
0.23%
30 Apr 2020 - 31 May 2020
0.23%
31 Mar 2020 - 30 Apr 2020
0.21%
29 Feb 2020 - 31 Mar 2020
0.23%
31 Jan 2020 - 29 Feb 2020
0.23%
31 Dec 2019 - 31 Jan 2020
0.23%
30 Nov 2019 - 31 Dec 2019
0.23%
31 Oct 2019 - 30 Nov 2019
0.23%
30 Sep 2019 - 31 Oct 2019
0.23%
31 Aug 2019 - 30 Sep 2019
0.23%
31 Jul 2019 - 31 Aug 2019
0.22%
30 Jun 2019 - 31 Jul 2019
0.22%
31 May 2019 - 30 Jun 2019
0.22%
30 Apr 2019 - 31 May 2019
0.16%
31 Mar 2019 - 30 Apr 2019
0.16%
28 Feb 2019 - 31 Mar 2019
0.16%
31 Jan 2019 - 28 Feb 2019
0.21%
31 Dec 2018 - 31 Jan 2019
0.20%
30 Nov 2018 - 31 Dec 2018
0.19%
31 Oct 2018 - 30 Nov 2018
0.19%
30 Sep 2018 - 31 Oct 2018
0.19%
31 Aug 2018 - 30 Sep 2018
0.19%
31 Jul 2018 - 31 Aug 2018
0.19%
30 Jun 2018 - 31 Jul 2018
0.18%
31 May 2018 - 30 Jun 2018
0.18%
30 Apr 2018 - 31 May 2018
0.17%
31 Mar 2018 - 30 Apr 2018
0.17%
28 Feb 2018 - 31 Mar 2018
0.19%
31 Jan 2018 - 28 Feb 2018
0.19%
31 Dec 2017 - 31 Jan 2018
0.19%
30 Nov 2017 - 31 Dec 2017
0.18%
31 Oct 2017 - 30 Nov 2017
0.18%
Expense ratio, exit load and tax
Expense ratio: 0.18%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹500 |
Fund management
Sachin Padwal-Desai
Apr 2014 - Present
View details
Education
Mr. Desai is a B.E and PGDM from IIM Bangalore.
Experience
Prior to joining Franklin Templeton Mutual Fund, he has worked with Sundaram Mutual Fund, ICICI Bank, Infosys Technologies and Thermax.
Also manages these schemes
Umesh Sharma
Apr 2014 - Present
View details
Education
Mr. Sharma is a B.Com (H), CS and CA.
Experience
Prior to joining Franklin Templeton Mutual Fund he has worked with ICICI Bank Ltd., UTI Mutual Fund, Invesco Mutual Fund and JM Financials.
Also manages these schemes
Srikesh Nair
Jun 2018 - Present
View details
Education
Mr. Nair is a B.S. Marine Engineering from BITS Pilani and holds a Post Graduate Diploma in Management from Management Development Institute, Gurgaon.
Experience
Prior to joining Franklin Templeton Asset Management (India) Pvt. Ltd. he has worked with Goldman Sachs Services Private Limited (Apr 2011 - May 2015) as an Analyst and Teekay Shipping (Oct 2007 - Apr 2008 ) as a Trainee Marine Engineer
Also manages these schemes
Pyari Menon
Sep 2019 - Present
View details
Education
Mr. Menon has done Master of Business Administration (The University of Melbourne) and Bachelor of Technology (IIT Madras).
Experience
Prior to joining Franklin Templeton Asset Management (India) Pvt. Ltd (April 2019- till date), he has worked with Tano Capital (September 2012 – December 2018),
Daiwa Securities (November 2010-April 2012), Intellectual Ventures (March 2009-November 2010).
Also manages these schemes
Mayank Bukrediwala
Aug 2020 - Present
View details
Education
Mr. Bukrediwala has done PGDBM and Bachelor of Technology.
Experience
Prior to joining Franklin Templeton Mutual Fund he has worked with Goldman Sachs.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | #11 in India |
|---|---|
| Total AUM | 79,021.82 Cr |
| Date of Incorporation | 19 Feb 1996 |
|---|
Franklin India Banking & PSU Debt Fund Direct IDCW is a Debt Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was made avail
Franklin India Banking & PSU Debt Fund Direct IDCW is a Debt Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was made available to investors on 19 Feb 1996. Sachin Padwal-Desai, Umesh Sharma is the Current Fund Manager of Franklin India Banking & PSU Debt Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹79,022 Cr and the Latest NAV as of 21 Oct 2021 is ₹10.93.
The Franklin India Banking & PSU Debt Fund Direct IDCW is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
...Read more
Investment Objective
The fund seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by ent
The fund seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSUs).
...Read more
| Fund benchmark | NIFTY Banking and PSU Debt TRI |
|---|
Fund house contact details
Address
Indiabulls Finance Centre; Tower 2, 12th and 13th Floor; Senapati Bapat Marg; Elphinstone Road (W) Mumbai 400013
Phone
022 - 67519100
Launch Date
19 Feb 1996
E-mail
[email protected]Website
NA
Franklin Templeton Mutual Fund
Asset Management Company
Custodian
Hongkong & Shanghai Banking Corporation
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]Website
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