Franklin India Floating Rate Fund Daily Dividend+0.03%

3
6.65%
1 Year Return
Debt
Floater
3.0star
6M
1Y
3Y
5Y
All

Fund Details

Franklin India Floating Rate Fund Daily Dividend

RiskModerate
Min SIP Amount₹1000
Expense Ratio0.95%
NAV10.06 (29 May 2020)
Fund Started08 Nov 2001
Fund Size250 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Franklin India Floating Rate Fund Daily Dividend
6.7%
6.6%
6.4%
5.9%
Category Average
8.1%
7.3%
7.6%
-
Rank within category
7
5
5
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    0
    with 6.7% annual returns

    Comparison

    Data not available
    Pros
    1. Age is more than 10 years
    2. Risk-adjusted returns are higher compared to the category
    3. Risk is lower compared to the benchmark
    4. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. 1Y Returns are lower than the benchmark
    3. 3Y Returns are lower than the benchmark
    4. 5Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    Axis Bank Ltd.FinancialCD18.3%
    ONGC Petro Additions Ltd.EnergyDebenture10.1%
    Aditya Birla Housing Finance Ltd.FinancialDebenture9.8%
    HDB Financial Services Ltd.FinancialDebenture9.8%
    Rabo Bank India Ltd.FinancialCD9.1%
    Sikka Ports and Terminals Ltd.EnergyDebenture6.9%
    Northern ARC Capital Ltd.FinancialDebenture4.8%
    JM Financial Credit Solutions Ltd.FinancialDebenture4.0%
    PNB Housing Finance Ltd.FinancialDebenture4.0%
    Indostar Capital Finance Pvt Ltd.FinancialDebenture3.9%
    See All

    Fund Managers

    addPallab Roy
    Education
    Mr. Roy is a M.Com and MBA (Finance).
    Experience
    He has been associated with Franklin Templeton Investments since 2001.
    Funds Managed
    addUmesh Sharma
    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.
    Funds Managed
    addSrikesh Nair
    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
    Funds Managed
    addPyari Menon
    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).
    Funds Managed

    Franklin India Floating Rate Fund Daily Dividend Details

    Franklin India Floating Rate Fund Daily Dividend is a Debt Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was made available to investors on 08 Nov 2001. Pallab Roy, Umesh Sharma is the Current Fund Manager of Franklin India Floating Rate Fund Daily Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹250 Cr and the Latest NAV as of 29 May 2020 is ₹10.06.

    The Franklin India Floating Rate Fund Daily Dividend is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 1000.

    Investment Objective

    The primary 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
    Nil
    Exit Load

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    About Franklin Templeton Mutual Fund

    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
    Franklin Templeton Mutual Fund
    Asset Management Company
    Custodian
    Hongkong & Shanghai Banking Corporation
    Registrar & Transfer Agent
    Templeton
    Address
    Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi
    Email
    NA
    Website
    NA
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