Franklin India Floating Rate Fund Direct Growth

Franklin India Floating Rate Fund Direct Growth

NAV as on 31-03-2025

₹ 43.36

Inception Returns

7.1%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
46 people have invested ₹ 9.8L in Franklin India Floating Rate Fund Direct Growth in the last three months

About Franklin India Floating Rate Fund Direct Growth

Franklin India Floating Rate Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Pallab Roy, Rohan Maru. This fund is suitable to keep your money safe.

Key Parameters

  1. Franklin India Floating Rate Fund Direct Growth has ₹316 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Franklin India Floating Rate Fund Direct Growth has given a CAGR return of 7.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.08%, 7.78% and 6.68% respectively.

Holdings

Franklin India Floating Rate Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.93% Govt Stock 2033, 7.3% Govt Stock 2028, 6.79% Government Of India (07/10/2034), Bharti Telecom Limited, 7.59% Govt Stock 2031

Taxation

As it is a floating rate 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 Floating Rate Fund Direct Growth

To provide income and liquidity consistent with the prudent risk from a portfolio comprising of floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, and also fixed rate instrument and money market instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 1000.00 and for SIP is INR 500.00. Franklin India Floating Rate Fund Direct Growth has no lock in period.

Franklin India Floating Rate Fund Direct Growth Overview

Expense ratio0.28%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹316 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹1000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
123.55%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Moderate Risk

Trailing Returns

as on (31-Mar-25)

Period
Franklin India Floating Rate Fund Direct Growth
Floating Rate Index
1M
1.1%
0.9%
3M
2.3%
1.9%
6M
4.1%
3.5%
1Y
9.1%
8%
3Y
7.8%
7%
5Y
6.7%
6.5%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
80.9%

AA
19.1%

Sector Allocation

Feb'25

Jan'25

Dec'24

Government
68.1%
Corporate
23.9%
Cash Equivalent
8.1%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 323.2 Cr
₹ 287.8 Cr
₹ 290.6 Cr
  • AUM of the fund stands at 323.2 Cr as of Feb'25
  • AUM increased by 35.4 Cr between Feb'25 and Jan'25
Top Stocks bought last month
Mankind Pharma Ltd's allocation increased from 6.73% to 7.03%
Mankind Pharma Ltd's allocation increased from 6.73% to 7.03%
Ongc Petro Additions Ltd.'s allocation increased from 5.35% to 5.59%
Ongc Petro Additions Ltd.'s allocation increased from 5.35% to 5.59%
Top Stocks sold last month
Bajaj Finance Limited's allocation decreased from 7.8 % to 7.4 %
Bajaj Finance Limited's allocation decreased from 7.8 % to 7.4 %
Cash allocation has gone up from 2.3% to 8.1%
Cash allocation has gone up from 2.3% to 8.1%
Debt allocation has gone down from 97.4% to 91.7%
Debt allocation has gone down from 97.4% to 91.7%

Top 2 Sectors in February were Government, Corporate

Feb'25
Government
68%
Corporate
24%
Jan'25
Government
71%
Corporate
27%
  • Debt & Cash

Holdings
Weight%
1M Change
7.93% Govt Stock 2033
7.93% Govt Stock 2033
25.34%
0%
7.3% Govt Stock 2028
7.3% Govt Stock 2028
23.01%
0%
6.79% Government Of India (07/10/2034)
6.79% Government Of India (07/10/2034)
11.49%
0%
Bharti Telecom Limited
Bharti Telecom Limited
6.61%
0%
7.59% Govt Stock 2031
7.59% Govt Stock 2031
6.57%
0%
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Pallab Roy
Pallab Roy
Fund Manager of Franklin India Floating Rate Fund Direct Growth, since 5 July 2010
Rohan Maru
Rohan Maru
Fund Manager of Franklin India Floating Rate Fund Direct Growth, since 10 October 2024
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total AUM
₹1.11L Cr
as on 28-Feb-2025
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+9122-67519100
Website
services@franklintempleton.com

Mutual Fund Insights

Insights icon
In the last 1 year, DSP Floater Fund Direct Growth has given 9.23% return, outperforming this fund by 0.15%.
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In the last 3 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.87% return, outperforming this fund by 0.09% per annum.
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In the last 5 years, ICICI Prudential Floating Interest Fund Direct Plan Growth has given 7.43% return, outperforming this fund by 0.76% per annum.
Insights icon
Over the last 3 months, this fund has experienced a 7.1% growth in AUM moving from 294.95 Cr to 315.74 Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (floating rate). Its expense ratio is 0.28% which is lower than the category average expense ratio of 0.54%.

Franklin India Floating Rate Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.07% since inception which is more than its category average return of 6.16%
AUM size ₹316 Cr

AUM size ₹316 Cr

This fund has AUM of ₹316 Cr which is less than its category average of ₹ 4225 Cr
Expense Ratio 0.28%

Expense Ratio 0.28%

This fund has an expense ratio of 0.28% which is less than its category average expense ratio of 0.55%

More funds from Franklin

Franklin India Government Securities Fund Direct Growth

Franklin India Government Securities Fund Direct Growth

5Y CAGR

▲ 5.41

Franklin India Corporate Debt Direct Growth

Franklin India Corporate Debt Direct Growth

5Y CAGR

▲ 6.65

Franklin India Banking & PSU Debt Fund Direct Growth

Franklin India Banking & PSU Debt Fund Direct Growth

5Y CAGR

▲ 6.24

Franklin India Money Market Fund Direct Growth

Franklin India Money Market Fund Direct Growth

5Y CAGR

▲ 6.04

Franklin India Credit Risk Fund Direct Growth

Franklin India Credit Risk Fund Direct Growth

5Y CAGR

▲ 6.22

Frequently Asked Questions for Franklin India Floating Rate Fund Direct Growth

The current NAV of Franklin India Floating Rate Fund Direct Growth is ₹43.36 as on 31-Mar-2025.
Existing (Absolute + CAGR) as on 31-Mar-2025.
Franklin India Floating Rate Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.08%
1.08%
6 Month Returns
4.12%
4.12%
1 Year Returns
9.08%
9.08%
3 Years Returns
25.21%
7.78%
5 Years Returns
38.14%
6.68%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.28% as on March 2025
₹316 Cr as on March 2025
7.93% Govt Stock 2033(25.34%), 7.3% Govt Stock 2028(23.01%), 6.79% Government Of India (07/10/2034)(11.49%), Bharti Telecom Limited(6.61%), 7.59% Govt Stock 2031(6.57%) as on March 2025
Government(71.53%), Corporate(24.46%), Cash Equivalent(4.01%) as on March 2025
Yield to Maturity is 7.32 as on March 2025. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 1.38 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
80.87
AA
19.13
Pallab Roy, Rohan Maru are the fund managers of Franklin India Floating Rate Fund Direct Growth
The Exit load of Franklin India Floating Rate Fund Direct Growth is 0%