Rating : ★ ★ ★ ☆ ☆

Franklin India Floating Rate Growth

Debt

  

Floater Fund

NAV

32.4976 +0.001

(as on 18 May, 2022)

RETURNS

4.98 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

1%

Asset Size

335.53 Cr.

(As of 30 Apr, 2022)

Benchmark

Crisil Low Duration Debt TR INR

Riskometer

Investors understand that their principal will be at Risk.

Objective

To provide income and liquidity consistent with the prudent risk from a portfolio comprising of floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, and also fixed rate instrument and money market instruments.

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Fund manager

Umesh Sharma

Exit load

N / A

Minimum sip

₹0

Minimum investment

₹1000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

3.8% Govt Stock 2024

22.16%

4.81% Govt Stock 2031

8.92%

Aditya Birla Housing Finance Limited

7.50%

LIC Housing Finance Limited

7.45%

Sector Allocation

About the Scheme Type

Floater Funds invest a major proportion of its corpus, at least 65%, in floating rest instruments and remaining in fixed incomesecurities. Given their inclination towards variable components,they propose a lower degree of sensitivity to the changes in theinterest rate which is one of their key advantages. And it’s for this primary reason that Floater Funds appeal to risk-averse investors. A second benefit of these funds is that they help investors acquire a diversified bond or loan portfolio at a lower investment rate.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of Franklin Templeton Asst Mgmt(IND)Pvt Ltd

Since 1947, our firm has been dedicated to delivering exceptional asset management for institutional, retail, and high-net-worth clients. Franklin Templeton's association with India dates back to over 2 decades as an investor. As part of the group's major thrust on investing in markets around the world, the India office was set up in 1996 as Templeton Asset Management India Pvt. Limited. It flagged off the mutual fund business with the launch of Templeton India Growth Fund in September 1996, and since then the business has grown at a steady pace.

At Franklin Templeton Mutual Fund, we understand that the strength of our business relationships is a key point of differentiation for us as a company, along with the trust that our business partners and clients have in us. Throughout the Franklin Templeton Mutual Fund’s history, a strong commitment to corporate values has guided our decision making and has been a roadmap for our success.

These values, and our unique perspective, help us achieve our mission by offering high quality investment solutions, providing outstanding service, and attracting, motivating and retaining talented people. They also help to create a “culture of compliance.” Franklin Templeton Mutual Fund’s core values include

  • Putting clients first
  • Building relationships
  • Working with integrity
  • Seeking to achieve quality results