August 14, 2024
mayank
Franklin India Ultra Short Duration Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Franklin India Ultra Short Duration Fund Open Date, Close Date?
NFO opens on August 19, 2024
NFO will close on August 28, 2024
What is the Investment Strategy?
The scheme seeks to to provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments.
Basic Details
| Fund House | Franklin Templeton Mutual Fund |
| Issue Open | 19 August 2024 |
| Issue Close | 28 August 2024 |
| Type | Open-ended |
| Category | Debt: Ultra Short Duration |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Moderate |
| Benchmark | NIFTY Ultra Short Duration Debt Index A-I |
What is the Benchmark Index?
The Nifty Fixed Income PRC (Potential Risk Class) Indices are based on SEBI guidelines on Potential Risk Class Matrix for debt schemes based on Interest Rate Risk and Credit Risk and have been prepared for various categories of MFs as per SEBI guidelines on ‘Categorization and Rationalization of Mutual Fund Schemes’ with respect to Macaulay’s Duration and Credit Rating range for each debt fund category. The indices are rebalanced on a monthly basis.
Index Characteristics:
| Launch Date | April 04, 2022 |
| Base Date | September 03, 2001 |
| Base Value | 1000 |
| Calculation Frequency | Daily – End of day |
| Reconstitution Frequency | Monthly |
Statistics (Returns as on Jul 31, 2024)
| Index Name | Avg Yield %* | Avg. Macaulay Duration* | Avg. Maturity* | Avg. Modified Duration* | 3 M | 6 M | 1 Yr. | 3 Yr. | Since Inception |
| NIFTY Ultra Short Duration Debt Index A-I | 7.32 | 0.42 | 0.42 | 0.39 | 1.86 | 3.90 | 7.57 | 6.11 | 7.38 |
Performance Review of the Fund Managers of Franklin India Ultra Short Duration Fund?
1) Pallab Roy
Education: Mr. Roy is a M.Com and MBA (Finance).
Experience: He has been associated with Franklin Templeton Investments since 2001.
Past Performance of his Schemes
| Fund | Franklin India Floating Rate Fund | It’s Benchmark | Franklin India Money Market Fund | It’s Benchmark |
| 1 Year | 8.08 | 4.71 | 7.43 | 4.71 |
| 3 Year | 5.96 | 3.58 | 5.91 | 3.58 |
| 5 Year | 5.79 | 3.31 | 5.73 | 3.31 |
| 7 Year | 6.07 | 3.58 | 6.32 | 3.58 |
| 10 Year | 6.11 | 3.98 | 6.90 | 3.98 |
As on 14-08-2024
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.
Past Performance of his Schemes
| Fund | Franklin India Corporate Debt Fund | It’s Benchmark | Franklin India Government Securities Fund | It’s Benchmark |
| 1 Year | 7.08 | 8.22 | 6.79 | 10.50 |
| 3 Year | 5.20 | 5.98 | 4.72 | 6.99 |
| 5 Year | 5.94 | 5.44 | 4.79 | 6.73 |
| 7 Year | 6.48 | 5.83 | 4.49 | 7.25 |
| 10 Year | 7.48 | 6.73 | 6.70 | 8.77 |
As on 14-08-2024
Which Company Owns Franklin India Ultra Short Duration Fund?
Franklin Templeton Asset Management India Private Ltd
Address: Unit No.202/203/204, 2nd Floor Dalamal Tower, Plot No. 211 Free Press Journal Marg, Nariman Point Mumbai – 400013
Website: http://www.franklintempletonindia.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
Is it good to invest in Franklin India Ultra Short Duration NFO?
Guidance for Franklin India Ultra Short Duration Fund by Paresh Gordhandas, C.A., Research Analyst.
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