- Mutual Funds
- Franklin Templeton Mutual Funds
- Franklin India Floating Rate fund (RIDCW-D)
Formerly Franklin India Floating Rate DR
Floater funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
Floater Funds are mandated to invest a minimum of 65% of total assets in Floating Rate Instruments.
This is a relatively small category with a limited number of funds.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher interest rate risk.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 10.1986
NAV (Apr 18)
Fund Returns
Last 1Y | 7.5% |
Last 3Y | 5.2% |
Last 5Y | 5% |
Last 10Y | 4.6% |
Since Inception | 2.7% |
6 Month CAGR | 3.7% |
Scheme Information
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.
Expense Ratio | 0.99 |
Launched (23y ago) | Nov 08, 2001 |
AUM in Crores | 266.307 |
ISIN | INF090I01LN5 |
Lock-in | No Lock-in |
Benchmark | Nifty Short Duration Debt A-II TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 0.8 |
Standard Deviation (5yr) | 0.8 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -0.439 |
Sharpe Ratio (5yr) | -0.263 |
YTM | 7.79 |
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Franklin India Floating Rate fund (RIDCW-D) | 8,25,950 | 93,338 | 5% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Debt Holdings
7.69% govt stock 2028
26.3%8.25% govt stock 2033
25%8.12% govt stock 2031
11.7%small industries development bank of india 7.75%
9.6%rec limited
9.4%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
27.5% | 16.8% | ||
22.5% | 18.2% | ||
21.9% | 14.3% | ||
22.5% | 21.3% | ||
25.5% | 15.2% |
Franklin India Floating Rate fund (RIDCW-D) Review
Franklin India Floating Rate fund (RIDCW-D) is a Floater Debt fund and has delivered an annualised return of 2.7% over a period of 22 years. The fund was previously known as Franklin India Floating Rate DR. The fund is managed by Franklin Templeton Asst Mgmt(IND)Pvt Ltd. The fund managers are Pallab Roy, Sandeep Manam, Umesh Sharma.
Nav of Franklin India Floating Rate fund (RIDCW-D) as of 4/18/2024 is ₹10.20 with the total AUM as of 4/19/2024 is ₹266.307. With Scripbox you can compare and check the latest nav for all mutual funds in India. Franklin India Floating Rate fund (RIDCW-D) was launched on Nov 08, 2001. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for Franklin India Floating Rate fund (RIDCW-D) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
Franklin India Floating Rate fund (RIDCW-D) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to Nifty Short Duration Debt A-II TR INR.
Franklin India Floating Rate fund (RIDCW-D) is rated as a 1 fund in Debt and delivered 7.5% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Franklin India Floating Rate fund (RIDCW-D).
Frequently Asked Questions
What is Franklin India Floating Rate fund (RIDCW-D)?
How to invest in Franklin India Floating Rate fund (RIDCW-D)?
You can invest in Franklin India Floating Rate fund (RIDCW-D) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of Franklin India Floating Rate fund (RIDCW-D)?
The minimum sip amount for Franklin India Floating Rate fund (RIDCW-D) is ₹1000. You can invest in multiples of ₹5000.
Is Franklin India Floating Rate fund (RIDCW-D) good to invest in?
As per Scripbox experts, Franklin India Floating Rate fund (RIDCW-D) is a Not Recommended fund. You can investFranklin India Floating Rate fund (RIDCW-D) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the Franklin India Floating Rate fund (RIDCW-D)?
The expense ratio of the Franklin India Floating Rate fund (RIDCW-D) is 0.99% for regular plan.