Franklin India Floating Rate Fund Direct Dividend Daily is a Debt Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was introduced to investors on 01 Jan 2013. Pallab Roy, Umesh Sharma is the Current Fund Manager of Franklin India Floating Rate Fund Direct Dividend Daily.The fund currently has an Asset Under Management(AUM) of ₹252 Cr and the Latest NAV as of 09 Dec 2019 is ₹10.05.
The Franklin India Floating Rate Fund Direct Dividend Daily is rated Moderate risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 1000. Nil.
Investment Objective
The investment objective of the scheme is to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market and debt instruments
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)
₹1000
Min for First Investment
₹1000
Min for Second Investment