Franklin India Banking & PSU Debt Fund Direct Growth
Debt
Direct
Banking & Psu
NAV as on 11-03-2025
₹ 22.71
▲0.1%
1D
Inception Returns
7.8%
/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 Chandni Gupta. This fund is suitable to keep your money safe.
Key Parameters
- Franklin India Banking & PSU Debt Fund Direct Growth has ₹587 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 7.83% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.70%, 6.54% and 6.12% respectively.
Holdings
Franklin India Banking & PSU Debt Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 7.53% Govt Stock 2034, ICICI Bank Limited, Rural Electrification Corporation Limited, Ongc Petro Additions Ltd., National Bank For Agriculture And Rural Development
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:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.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 | ₹587 Cr |
| Inception Date | 25 April, 2014 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 116.41% |
| STCG | Selling mutual fund 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 (11-Mar-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 595.6 Cr as of Jan'25
- AUM increased by 23.3 Cr between Jan'25 and Dec'24
Top 2 Sectors in January were Corporate, Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.53% Govt Stock 2034 | 7% | 0% | |
ICICI Bank Limited | 5.98% | 0% | |
Rural Electrification Corporation Limited | 5.48% | 0% | |
Ongc Petro Additions Ltd. | 5.12% | 0% | |
National Bank For Agriculture And Rural Development | 4.55% | 0% |
Mutual Fund Insights
Franklin India Banking & PSU Debt Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹587 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 | 0.52% | 0.52% |
6 Month Returns | 3.58% | 3.58% |
1 Year Returns | 7.7% | 7.7% |
3 Years Returns | 20.91% | 6.54% |
5 Years Returns | 34.56% | 6.12% |
- 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 | 90.3 |
AA | 9.7 |