|Min SIP Amount||₹1000|
|NAV||₹10.06 (28 Oct 2020)|
|Fund Started||01 Jan 2013|
|Fund Size||₹163 Cr|
|Aditya Birla Housing Finance Ltd.||Financial||Debenture||15.8%|
|HDB Financial Services Ltd.||Financial||Debenture||15.4%|
|Rabo Bank India Ltd.||Financial||CD||14.2%|
|JM Financial Credit Solutions Ltd.||Financial||Debenture||6.2%|
|Indostar Capital Finance Pvt Ltd.||Financial||Debenture||6.1%|
Franklin India Floating Rate Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was made available to investors on 01 Jan 2013. Pallab Roy, Umesh Sharma is the Current Fund Manager of Franklin India Floating Rate Fund Direct Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹163 Cr and the Latest NAV as of 28 Oct 2020 is ₹10.06.
The Franklin India Floating Rate Fund Direct Dividend Daily is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 1000.
The Scheme seeks to provide income and liquidity consistent with the prudent risk from a portfolio comprising of floating rate return, and also fixed rate money market and debt instruments. debt instruments, fixed rate debt instruments swapped for floating rate instruments and money market instruments.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.