Franklin India Short Term Income Plan Growth
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|Risk||Very High Risk|
|Fund Type||Other Bond|
|Exit Load||0.5% for 365 Days|
More about this fund
|Shriram Transport Finance Company Limited||13.97%|
|Piramal Capital & Housing Finance Limited||7.31%|
|Rishanth Wholesale Trading Private Limited||6.47%|
|SBI Overnight Fund Dir Gr||5.93%|
|Edelweiss Agri Value Chain Limited||5.13%|
|Renew Power Ventures Private Limited||4.6%|
|Andhra Pradesh Capital Region Development Authority||4.48%|
|Andhra Pradesh Capital Region Development Authority||4.27%|
|Edelweiss Commodities Services Limited||3.77%|
|Star Health and Allied Insurance Company Limited||2.9%|
About Franklin India Short Term Income Plan
Franklin India Short Term Income Plan is an open-ended debt plan investing in Debentures, government securities, and other fixed income instruments. The scheme also invests Money Market instruments and securities held under reverse repos. The Macaulay Duration of the portfolio of the scheme is between 1 year to 3 years. The fund strives to deliver regular income over a medium-term investment horizon.
Pros & Cons of Franklin India Short Term Income Plan
Franklin India Short Term Income Plan offers the following benefits:
- The scheme enables investors to earn higher interest income by investing in short term corporate bonds.
- The fund is ideal for short-term parking of fund with a reasonable income.
- Notably, the fund returns are consistently higher than the average category return.
Fund Information and Statistics of Franklin India Short Term Income Plan
Inception / Launch date
The Franklin India Short Term Income Plan was launched on January 31, 2002, by Franklin Templeton India.
Investment in Franklin India Short Term Income Plan are at moderate risk and ideal for regular income over medium-term.
The scheme will offer units for purchase and redemption at NAV prices on every Business Day. Under normal circumstances, your fund house will dispatch the redemption proceeds within 2 business days.
The fund is jointly managed by Mr Santosh Kamath and Mr Kunal Agrawal since April 2014. They come with a cumulative work experience of 38 years between them.
Entry / Exit load
The fund house does not charge any entry load or exit load if 10% units are redeemed before one year from the date of allotment. However, 0.5% exit load is charged if the remaining units are redeemed before one year. No exit load is charged after that.
Tax benefits of investing in Franklin India Short Term Income Plan
- A Short-term capital gain tax will be levied on unitholders as per the income tax slab rate if units are held for less than 36 months.
- A long-term capital gains tax of 20% is applicable with indexation if units are held for more than 36 months.
About Franklin Templeton India
Franklin Templeton Investments was established in 1947 and has come a long way since. Today, it has 42 research offices, 12 global trading offices, and over 600 investment professionals. The company operates in 170+ countries with the aim of delivering exception asset management for retail, institutional, and high-net-worth clients.
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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