March 20, 2024
mayank
Franklin India Banking & PSU Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 21.1085
NAV IDCW: Rs 11.1535
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The fund seeks to provide regular income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSUs).
Fund Manager:
1) Anuj Tagra
Education: Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies
Experience: Prior to joining Franklin India Mutual Fund, he has worked with ICICI Prudential AMC, Union Bank of India and Fidelity Investments.
2) Chandni Gupta
Education: She holds B.E. degree in IT and CFA degree from CFA Institute, USA.
Experience: Prior to joining Franklin India Mutual Fund, she has worked with ICICI Prudential Asset Management Company Limited Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.
3) Umesh Sharma
Education: Mr. Sharma is a B.Com (H), CS and CA.
Experience: Prior to joining Franklin Templeton Mutual Fund he has worked with ICICI Bank Ltd., UTI Mutual Fund, Invesco Mutual Fund and JM Financials.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Franklin Templeton Mutual Fund |
| Launch Date | 25-Apr-14 |
| Return Since Launch | 7.83% |
| Benchmark | NIFTY Banking and PSU Debt Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 639 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.27% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | Average |
Trailing Returns (%) of Franklin India Banking & PSU Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India Banking & PSU Debt Dir | 1.75 | -0.01 | 0.70 | 1.95 | 3.69 | 7.63 | 5.63 | 6.95 | 7.29 | — |
| CCIL T Bill Liquidity Weight | 0.98 | 0.01 | 0.35 | 1.13 | 2.28 | 4.65 | 3.20 | 3.28 | 3.52 | — |
| Debt: Banking and PSU | 1.81 | -0.02 | 0.70 | 2.03 | 3.67 | 7.66 | 5.67 | 6.94 | 7.04 | — |
| Rank within category | 14 | 10 | 12 | 15 | 9 | 11 | 10 | 9 | 6 | — |
| Number of funds in category | 23 | 23 | 23 | 23 | 22 | 22 | 21 | 16 | 15 | 10 |
Peer Comparison of Franklin India Banking & PSU Debt Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Franklin India Banking & PSU Debt Dir | 3 star | 7.63 | 5.63 | 6.95 | 0.27 | 639 | 7.83 | — | 9Y 10M |
| Bandhan Banking & PSU Debt Dir | 4 star | 7.38 | 5.49 | 7.18 | 0.33 | 14,375 | 7.76 | — | 11Y |
| ABSL Banking & PSU Debt Dir | 4 star | 7.72 | 5.90 | 7.26 | 0.38 | 9,737 | 8.45 | — | 11Y 2M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 8.12 | 6.36 | 7.46 | 0.39 | 8,699 | 8.18 | — | 11Y 2M |
| HDFC Banking and PSU Debt Dir | 4 star | 7.88 | 5.83 | 7.25 | 0.39 | 6,068 | 7.97 | — | 9Y 11M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 23 | 52 |
| Macaulay Duration (yrs) | 1.65 | 3.17 |
| Average Maturity (yrs) | 1.87 | 4.87 |
| Yield to Maturity (%) | 7.60 | 7.59 |
| Avg Credit Rating | AAA | — |
How to Invest in Franklin India Banking & PSU Debt Fund?
Chanakya’s Mutual Fund Guidance For Franklin India Banking & PSU Debt Fund
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