Franklin India Corporate Debt - Plan A - Growth
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|Fund Type||Corporate Bond|
More about this fund
|Food Corporation of India||6.89%|
|Reliance Ports and Terminals Limited||6.22%|
|Housing Development Finance Corporation Limited||5.92%|
|ONGC Petro Additions Limited||5.12%|
|Coastal Gujarat Power Limited||4.03%|
|ONGC Petro Additions Limited||3.16%|
|Power Finance Corporation Limited||3.04%|
|Rural Electrification Corporation Limited||3.03%|
|National Bank For Agriculture and Rural Development||3.02%|
|Rural Electrification Corporation Limited||3.01%|
About Franklin India Corporate Debt Fund
Franklin India Corporate Debt Fund is an open ended debt fund aimed at investing in predominantly investing in AA+ and above corporate bonds to provide investors regular income and capital appreciation.
Pros & Cons of Franklin India Corporate Debt Fund
Franklin India Corporate Debt Fund offers the following benefits: 1. The Fund also seeks to provide stable returns in the long term by managing credit risk actively by investing in reputed corporate backed bonds. 2. The fund is suitable for investors looking for reasonable capital appreciation and regular income over a medium period.
Certain drawbacks of Franklin India Corporate Debt Fund 1. Returns might not be as good as those provided by equity linked mutual funds.
Fund Information and Statistics of Franklin India Corporate Debt Fund
i) Inception / Launch date
Franklin India Corporate Debt Fund was launched on June 23, 1997 Franklin India Mutual Fund AMC.
ii) Risk level
The fund has moderate level risk since it has investment in A++ and above rated corporate bonds.
Redemption of Units will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Santosh Kamath is the fund manager of the scheme. He has an experience of 15 years in fund management.
v) Entry / Exit load
The fund house has no exit or entry load associated with the fund.
Tax benefits of investing in the fund
Long term capital gains tax applies to returns on this fund. A capital gain registered during a period of less than 3 years is defined as Short-term Capital Gain (STCG). A capital gain registered over a period of 3 years or more is defined as Long-term Capital Gains (LTCG). STCG from debt oriented funds are added to the investor’s income. They are then taxed according to his income slab. Long term capital gains tax from debt funds is taxed at the rate of 20% after indexation and 10% without the benefit of indexation.
Investors need not pay any tax on dividends. However a Dividend Distribution Tax (DDT) is deducted at source at 29.12% (25% + 12% surcharge + 4% Health & education cess) for Individuals and at 34.944% (30% + 12% surcharge + 4% Health & education cess) for any other person.
About Franklin Templeton Investments
Franklin Templeton Mutual Fund is managed by Templeton Asset Management (“AMC”). The fund house prides on its ability to provide investors with relatively quick and risk free returns. The CEO of the fund house is Mr Sanjay Sapre. The fund house manages more than 50 schemes across equity, debt and liquid, fund of funds, sector equity funds and hybrid funds category.
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns