Franklin India Banking & PSU Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was introduced to investors on 25 Apr 2014. Sachin Padwal-Desai, Umesh Sharma is the Current Fund Manager of Franklin India Banking & PSU Debt Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹1,021 Cr and the Latest NAV as of 24 Jan 2020 is ₹16.54.
The Franklin India Banking & PSU Debt Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
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. However, there is no assurance or guarantee that the objective of the scheme will be achieved.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹1000
Min for Second Investment