Franklin India Banking & PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV as on 27-11-2024
₹ 22.27
Inception Returns
7.9%
/yr
About Franklin India Banking & PSU Debt Fund Direct Growth
Franklin India Banking & PSU Debt Fund Direct Growth is a debt fund. This fund was started on 25 April, 2014. The fund is managed by Sachin Padwal-Desai, Umesh Sharma. This fund is suitable to keep your money safe.
Key Parameters
- Franklin India Banking & PSU Debt Fund Direct Growth has ₹586 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Franklin India Banking & PSU Debt Fund Direct Growth has given a CAGR return of 7.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.21%, 6.13% and 6.36% respectively.
Holdings
Franklin India Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Housing Bank, 7.53% Govt Stock 2034, ICICI Bank Limited, Rural Electrification Corporation Limited, Ongc Petro Additions Ltd.
Taxation
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Franklin India Banking & PSU Debt Fund Direct Growth
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, Public Sector Undertakings (PSUs) and Municipal bonds. However, there is no assurance or guarantee that the objective of the scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Franklin India Banking & PSU Debt Fund Direct Growth has no lock in period.
Historical NAV & Returns
Franklin India Banking & PSU Debt Fund Direct Growth Overview
| Expense ratio | 0.18% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹586 Cr |
| Inception Date | 25 April, 2014 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 116.41% |
| STCG | Selling within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (27-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 577.7 Cr as of Oct'24
- AUM decreased by 5.5 Cr between Oct'24 and Sep'24
Top 2 Sectors in October were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Housing Bank | 8.77% | 0% | |
7.53% Govt Stock 2034 | 6.94% | 0% | |
ICICI Bank Limited | 5.92% | 100% | |
Rural Electrification Corporation Limited | 5.6% | 0% | |
Ongc Petro Additions Ltd. | 5.5% | 0% |
Mutual Fund Insights
Franklin India Banking & PSU Debt Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹586 Cr
Expense Ratio 0.18%
Frequently Asked Questions for Franklin India Banking & PSU Debt Fund Direct Growth
Franklin India Banking & PSU Debt Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.55% | 0.55% |
6 Month Returns | 4.12% | 4.12% |
1 Year Returns | 8.21% | 8.21% |
3 Years Returns | 19.52% | 6.13% |
5 Years Returns | 36.12% | 6.36% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 94.14 |
AA | 5.86 |