March 20, 2024
mayank
Franklin India Corporate Debt Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 95.5618
Yearly NAV IDCW: Rs 19.3140
Quarterly NAV IDCW: Rs 13.6098
Monthly NAV IDCW: Rs 16.6570
NAV IDCW Half Yearly: Rs 14.9368
Suitable For Which Investors?
“Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). 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 Scheme seeks primarily to provide investors Regular income and Capital appreciation.
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) Rahul Goswami
Education: Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)
Experience: Prior to joining Franklin Templeton Mutual Fund, he has worked with ICICI Prudential AMC , UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
Investment Details
| Min. Investment (Rs) | 10,000 |
| 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 | 01-Jan-13 |
| Return Since Launch | 8.34% |
| Benchmark | NIFTY Corporate Bond Index B-III |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 739 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.29% |
| (As on 29-Feb-2024) | |
| Risk Grade | Below Average |
| Return Grade | Average |
Trailing Returns (%) of Franklin India Corporate Debt Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India Corporate Debt Dir | 1.58 | 0.01 | 0.67 | 1.80 | 3.53 | 7.32 | 5.58 | 6.79 | 7.25 | 8.30 |
| VR Bond | 2.25 | -0.04 | 0.44 | 2.34 | 4.01 | 7.87 | 5.32 | 5.84 | 5.92 | 6.77 |
| Debt: Corporate Bond | 1.78 | -0.01 | 0.71 | 1.99 | 3.63 | 7.68 | 5.59 | 6.80 | 6.99 | 7.84 |
| Rank within category | 20 | 1 | 18 | 20 | 18 | 18 | 11 | 13 | 5 | 2 |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 20 | 19 | 13 | 11 |
Peer Comparison of Franklin India Corporate 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 Corporate Debt Dir | 4 star | 7.32 | 5.58 | 6.79 | 0.29 | 739 | 8.34 | — | 11Y 2M |
| ICICI Pru Corporate Bond Dir | 5 star | 8.14 | 6.26 | 7.49 | 0.32 | 26,051 | 8.18 | — | 11Y 2M |
| ABSL Corporate Bond Dir | 4 star | 7.97 | 6.05 | 7.46 | 0.33 | 21,535 | 8.19 | — | 11Y 2M |
| Axis Corporate Debt Dir | 4 star | 8.13 | 6.11 | 6.98 | 0.30 | 5,242 | 7.40 | — | 6Y 8M |
| Nippon India Corporate Bond Dir | 5 star | 8.26 | 6.40 | 7.05 | 0.34 | 2,613 | 7.93 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 20 | 66 |
| Macaulay Duration (yrs) | 1.25 | 2.98 |
| Average Maturity (yrs) | 1.37 | 3.94 |
| Yield to Maturity (%) | 7.63 | 7.64 |
| Avg Credit Rating | AAA | — |
How to Invest in Franklin India Corporate Debt Fund?
Chanakya’s Mutual Fund Guidance For Franklin India Corporate Debt Fund
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