March 20, 2024
mayank
Franklin India Floating Rate Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 39.6130
NAV IDCW Daily: Rs 10.0827
Suitable For Which Investors?
“This is a fund that invests mainly in bonds whose rate of interest keeps changing with the prevailing interest rates in the economy. Given their investment mandate, such funds are usually less volatile in response to changing interest rates.
They can be a viable option for the fixed-income allocation in your portfolio. However, we believe that retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.
If you do decide to invest in them, remember that 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 to provide income and liquidity consistent with the prudent risk from a portfolio comprising of floating rate return, and also fixed rate money market and debt instruments. debt instruments, fixed rate debt instruments swapped for floating rate instruments and money market instruments.
Fund Manager:
1) Pallab Roy
Education: Mr. Roy is a M.Com and MBA (Finance).
Experience: He has been associated with Franklin Templeton Investments since 2001.
2) 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) | 1,000 |
| 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 | 6.88% |
| Benchmark | CRISIL Low Duration Debt |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 309 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.23% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | Above Average |
Trailing Returns (%) of Franklin India Floating Rate Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India Floating Rate Dir | 1.83 | 0.01 | 0.85 | 2.10 | 3.68 | 8.43 | 6.09 | 6.38 | 6.56 | 6.78 |
| CCIL T Bill Liquidity Weight | 0.98 | 0.01 | 0.35 | 1.13 | 2.28 | 4.65 | 3.20 | 3.28 | 3.52 | 4.02 |
| Debt: Floater | 1.77 | 0.00 | 0.76 | 2.01 | 3.62 | 8.10 | 6.03 | 6.91 | 7.08 | 7.62 |
| Rank within category | 4 | 2 | 3 | 5 | 4 | 3 | 5 | 6 | 5 | 5 |
| Number of funds in category | 13 | 13 | 13 | 13 | 13 | 12 | 9 | 6 | 5 | 5 |
Peer Comparison of Franklin India Floating Rate 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 Floating Rate Dir | 4 star | 8.43 | 6.09 | 6.38 | 0.23 | 309 | 6.88 | — | 11Y 2M |
| HDFC Floating Rate Debt Dir | 4 star | 8.23 | 6.21 | 6.99 | 0.26 | 14,765 | 7.82 | — | 11Y 2M |
| ABSL Floating Rate Dir | 5 star | 7.95 | 6.13 | 6.78 | 0.23 | 11,705 | 7.95 | — | 11Y 2M |
| UTI Floater Dir | 4 star | 7.69 | 5.65 | 6.61 | 0.35 | 1,485 | 6.74 | — | 5Y 4M |
| ICICI Pru Floating Interest Dir | 3 star | 8.74 | 6.54 | 7.45 | 0.61 | 10,236 | 8.25 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 9 | 45 |
| Macaulay Duration (yrs) | 0.84 | 1.65 |
| Average Maturity (yrs) | 6.06 | 4.19 |
| Yield to Maturity (%) | 7.75 | 7.84 |
| Avg Credit Rating | AAA | — |
How to Invest in Franklin India Floating Rate Fund?
Chanakya’s Mutual Fund Guidance For Franklin India Floating Rate Fund
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