Franklin India Floating Rate Fund Direct Growth

Debt
Floater
Low to Moderate Risk
6.14%
3Y annualised
+0.07% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 28 Mar 2024₹39.73
Min. SIP amount₹500
Rating4
Fund size₹308.72Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Floater
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns8.4%6.1%6.4%6.9%
Category average7.7%5.6%6.3%NA
Rank with in category346NA
Understand terms

Holdings (9)

NameSectorInstrumentAssets
GOI
SovereignGOI FRB32.26%
GOI
SovereignGOI Sec23.27%
GOI
SovereignGOI Sec9.96%
FinancialDebenture8.03%
National Bank For Agriculture & Rural Development
FinancialBonds/NCD8.00%
SovereignGOI Sec6.55%
GOI
SovereignGOI Sec3.36%
FinancialDebenture3.27%
GOI
SovereignGOI Sec1.65%

Pros and cons

Category: Debt Floater

Pros

Cons

1Y category rank: 3, 3Y category rank: 4
10Y annualised returns lower than category average by 0.29%
Consistently higher annualised returns than category average for the past 1Y, 3Y and 5Y
Exit load is zero
Lower expense ratio: 0.23%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.23%

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹1,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund management

Umesh Sharma
Jan 2013 - 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

Fund house & investment objective

Fund house contact details

Address
Unit No.202/203/204, 2nd Floor Dalamal Tower, Plot No. 211Free Press Journal Marg, Nariman Point Mumbai 400013
Phone
1800-425-4255 / 60004255
Launch Date
19 Feb 1996
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,

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