March 21, 2024
mayank
Franklin India Government Securities Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 57.8877
Quarterly NAV IDCW: Rs 11.6995
Suitable For Which Investors?
“This is a fund that invests mainly in bonds issued by the government of India. These bonds do not carry any risk of default since the repayment of investors’ money is backed by the government. But they are prone to sharp ups and downs because of changes in interest rates.
However, 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.”
Fund’s Investment Strategy:
The Scheme seeks to generate return through investments in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the central Government and / or State Government for repayment of Principal and Interest.
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) 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) | 5,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Franklin Templeton Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.09% |
| Benchmark | NIFTY All Duration G-Sec Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 138 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.61% |
| (As on 29-Feb-2024) | |
| Risk Grade | Below Average |
| Return Grade | Low |
Trailing Returns (%) of Franklin India Government Securities Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India Government Securities Dir | 1.30 | 0.00 | 0.39 | 1.45 | 3.08 | 6.00 | 4.91 | 5.79 | 5.52 | 7.75 |
| CCIL All Sovereign Bond – TRI | 3.27 | -0.01 | 0.26 | 3.22 | 4.84 | 9.39 | 6.08 | 7.88 | 7.56 | 8.83 |
| Debt: Gilt | 2.44 | 0.01 | 0.28 | 2.56 | 4.31 | 8.52 | 5.91 | 7.59 | 7.21 | 8.76 |
| Rank within category | 23 | 20 | 5 | 23 | 23 | 23 | 20 | 20 | 20 | 20 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 23 | 20 | 20 | 20 | 20 |
Peer Comparison of Franklin India Government Securities 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 Government Securities Dir | 1 star | 6.00 | 4.91 | 5.79 | 0.61 | 138 | 7.09 | — | 11Y 2M |
| SBI Magnum Gilt Dir | 5 star | 9.03 | 6.44 | 8.59 | 0.46 | 7,951 | 9.27 | — | 11Y 2M |
| ICICI Pru Gilt Dir | 5 star | 9.16 | 6.75 | 8.38 | 0.56 | 4,879 | 8.64 | — | 11Y 2M |
| Kotak Gilt Investment Dir | 4 star | 8.79 | 6.35 | 8.12 | 0.46 | 3,137 | 8.35 | — | 11Y 2M |
| Kotak Gilt Investment PF & Trust Dir | 4 star | 8.79 | 6.35 | 8.12 | 0.40 | 3,137 | 8.29 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 3 | 11 |
| Macaulay Duration (yrs) | 2.43 | 7.10 |
| Average Maturity (yrs) | 2.87 | 12.39 |
| Yield to Maturity (%) | 7.11 | 7.23 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Franklin India Government Securities Fund?
Chanakya’s Mutual Fund Guidance For Franklin India Government Securities Fund
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