Franklin India Floating Rate - Direct - Growth
- Fund Summary
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|Fund Type||Floating Rate|
More about this fund
|7.80% GOI Floating Rate Bonds 2020||17.7%|
|Aditya Birla Housing Finance Limited||14.85%|
|HDB Financial Services Limited||14.77%|
|5.22% GOI 2025||8.91%|
|Northern Arc Capital Limited||7.07%|
|JM FINANCIAL CREDIT SOLUTIONS LIMITED||5.9%|
|PNB Housing Finance Limited||5.89%|
|Indostar Capital Finance Limited||5.79%|
About Franklin India Floating Rate Fund
Franklin India Floating Rate Fund is an open-ended floater fund. It is suitable for short-term investments and invests predominantly in floating rate instruments with an investment objective of providing income and liquidity consistent with the risk of the portfolio.
Pros & Cons of Franklin India Floating Rate Fund
- This scheme is a good alternative to short-term savings instruments and is suitable for investors looking for regular returns and avenues to park their short-term funds.
- The recommended investment horizon for Franklin India Debt Hybrid Fund is one month or more.
The scheme has generated 5.98% per year returns over the last 10 years.
Fund Information and Statistics of Franklin India Floating Rate Fund
i) Inception / Launch date
The scheme was launched on 23 April 2001 by Franklin Templeton Mutual Fund.
ii) Risk level
The scheme is suitable for investors seeking regular income in the short-term and invests predominantly in floating rate and short-term fixed-rate debt instruments. It has a moderate risk level.
The minimum amount for the redemption of units is Rs. 1,000. Further, the Mutual Fund will dispatch the redemption proceeds within the regulatory 10 business days of the receipt of a valid redemption request at its Official Points of Acceptance of Transactions.
iv) Fund Manager
Pallab Roy, Umesh Sharma & Srikesh Karunakaran Nair are the Fund Managers of Franklin India Floating Rate Fund.
v) Entry / Exit load
There is no entry load or exit load in this scheme.
Tax benefits of investing in Franklin India Floating Rate Fund
The following taxes are applicable to income arising from investing in this scheme: 1. STCG from the debt component is added to the investor’s income and taxed as per the income-tax slab. 2. LTCG component is taxed at 20% with indexation benefits.
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