28-05-2025
Franklin India Banking & PSU Debt Fund completes 11 years, crosses Rs 500 crore AUM
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Franklin India Banking & PSU Debt Fund, a flagship offering from Franklin Templeton Mutual Fund , has completed 11 years in the market, marking a significant dual milestone with the scheme crossing Rs 500 crore in Assets Under Management ( AUM ).Launched in 2014, the fund invests a minimum of 80% of its portfolio in high-quality debt instruments issued by banks, public sector undertakings (PSUs), and municipal bodies. It aims to deliver optimum returns with low credit risk and is structured to minimize interest rate volatility while maintaining high portfolio the past 1-year and 3-year periods, the scheme has outperformed its benchmark, reflecting strong and consistent performance. A Rs 10,000 investment at inception would have grown to Rs 21,942 today, while a Rs 10,000 monthly SIP since inception would now be worth Rs 19.58 lakh—testament to the fund's steady compounding over Read | Defence sector based mutual funds rally up to 60% in 3 months. Will the momentum continue? The scheme, jointly managed by Chandni Gupta and Anuj Tagra, is suitable for retail investors seeking stability through reduced interest rate volatility and lower credit risk in their fixed income investments, while aiming for a good risk-adjusted return, according to a press release from the fund of April 30, 2025, the fund had 57.16% of its portfolio in PSU debt instruments and 16.20% in government securities (gilts). It is recommended for investors with an investment horizon of one year or India Banking & PSU Debt Fund remains a preferred choice for investors looking for stable returns with limited credit risk in a dynamic interest rate Read | Nifty up 13% from April's low. How should mutual fund investors alter their investment strategy? The scheme tracks the Nifty Banking & PSU Debt Index A-II and has a moderate risk profile, compared to the benchmark's low-to-moderate risk minimum investment amount is Rs 5,000 for a lump sum and Rs 500 for SIPs. Additional investments can be made in multiples of Re 1, above the respective minimum thresholds.
