Franklin India Low Duration Fund Growth
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- Fund Summary
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|Risk||Very High Risk|
|Fund Type||Other Bond|
|Exit Load||0.5% for 90 Days|
More about this fund
|JM Financial Asset Reconstruction Company Limited||13.13%|
|Talwandi Sabo Power Limited||10.1%|
|Edelweiss Commodities Services Limited||9.98%|
|SBI Overnight Fund Dir Gr||9.65%|
|The Tata Power Company Limited||8.37%|
|Clix Capital Services Private Limited||6.55%|
|Shriram Transport Finance Company Limited||5.17%|
|JM Financial Credit Solutions Limited||4.95%|
|Sadbhav Infrastructure Project Limited||3.31%|
|Shriram Transport Finance Company Limited||3.24%|
About Franklin India Low Duration Fund
Franklin India Low Duration Fund is an open ended debt fund aimed at corporate debt instruments such that the Macaulay duration of the portfolio is between 6 months to 12 months. The fund has an objective to earn regular income through these investments.
Pros & Cons of Franklin India Low Duration Fund
Franklin India Low Duration Fund offers the following benefits: 1. The fund portfolio is well diversified with a mix of high quality credit debentures, bonds and government securities. The fund is suitable for investors who seek the high accrual offered by long term papers, have a view on interest rates and have a long term investment horizon.
Certain drawbacks of Franklin India Low Duration Fund 1. Returns might not be as good as those provided by equity linked mutual funds.
Fund Information and Statistics of Franklin India Low Duration Fund
i) Inception / Launch date
Franklin India Low Duration Fund was launched on Feb 07, 2000 by Franklin India Mutual Fund AMC.
ii) Risk level
The fund has moderate risk level and it is suitable for investors looking for regular income for short term and investing funds for short term.
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 & Mr. Kunal Agrawal are the fund managers of the scheme.
v) Entry / Exit load
The fund house does not charge any entry load for investing in the fund. However, an exit load of 0.50% is charged if the units are redeemed/ switched-out within 90 days of allotment.
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