Franklin India Ultra Short Bond Fund-Super Inst(G)-Direct Plan

 
Prime Rating: Unrated

Scheme Objective: To provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments


AMC Name
Franklin Templeton Asset Management (India) Private Limited
Category
Debt
Sub-category
Ultra Short Duration

Details

NAV as on 22 May 2020 ₹ 27.8985
Min. Investment: ₹ 10000
Min Addl. Investment:  ₹ 1000
Exit load: N/A
Launch date: 01 Jan 2013
Risk-O-Meter Moderate
Benchmark Name: Crisil Liquid Fund Index
Expense Ratio: 0.07
Scheme AUM (in Crores): ₹ 9,590.56
Fund Manager: Pallab Roy, Santosh Kamath

Performance (As on 22 May 2020)

Returns (%)
  Scheme Benchmark
1 week 0.39 N/A
3 months 1.77 N/A
6 months -0.36 N/A
1 year 4.42 N/A
3 years 7.28 N/A
5 years 8.20 N/A
Returns over 1 year are annualised
Key ratios
Lowest 1 year return 3.8%
Average 1 year return 8.6%
% instances of 1-year losses 0%
Standard deviation 1.35
Sharpe 2.48
Calculated based on 1-year rolling return for the past three years, as on 31 March, 2020.

Portfolio

Top 10 instruments Type Allocation (%) Rating
Call, Cash & Other Assets Cash & Cash Equivalents and Net Assets 16.36% Cash
Call, Cash & Other Assets Cash & Cash Equivalents and Net Assets 14.87% Cash
9.45% Vedanta Ltd (17-Aug-2020) ** Corporate Debt 8.24% CRISIL AA
Call, Cash & Other Assets Cash & Cash Equivalents and Net Assets 7.79% Cash
Call, Cash & Other Assets Cash & Cash Equivalents and Net Assets 7.1% Cash
JM Financial Credit Solutions Ltd (1Y SBI MCLR + 300 Bps) (23-Jul-2024) ** Corporate Debt 5.61% ICRA AA
Indostar Capital Finance Ltd (1Y SBI MCLR + 200 Bps) (02-May-2023) ** Corporate Debt 4.46% CARE AA-
Call, Cash & Other Assets Cash & Cash Equivalents and Net Assets 4.24% Cash
Indostar Capital Finance Ltd (1Y SBI MCLR + 325 Bps) (02-Nov-2021) ** Corporate Debt 4.06% CARE AA-
8.5666% Nuvoco Vistas Corp Ltd (14-Sep-2020) ** Corporate Debt 3.92% CRISIL AA

About this category

Ultra-short duration debt funds invest in debt instruments such as commercial paper, certificate of deposits, treasury bills and other money market instruments. They maintain an average portfolio maturity of around 6 months. These funds may deliver losses on a day-to-day basis but are generally low volatile. While most funds pick instruments that have a high credit rating, some can go into papers with lower credit ratings in order to deliver higher return.

Suitability

These funds suit any investor with investment horizons of 6 months to a year. Ensure that funds do not have a high share of low-rated debt. These funds can also be used to maintain emergency money as well.

Taxation

Short-term: Holding period is less than 36 months.

Taxation: Capital gains are taxed at individual’s slab rate 


Long-term: Holding period is 36 months or more.

Taxation: Capital gains are taxed at 20% with indexation benefit.


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