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6 Best Debt Funds by Franklin Templeton Mutual Fund 2024

Updated on April 20, 2024 , 7730 views

The Debt fund offered by Franklin Templeton aim to provide optimal returns by Investing in high-quality government securities. Through debt funds, investors can easily plan their short to mid term Financial goals. Schemes like Liquid Funds, ultra short term funds and short term funds by Franklin Templeton helps in fulfilling one’s financial goals.

Investors planning to invest can choose funds from the below top 7 Best Debt Funds by Franklin Templeton Mutual Fund. These funds have been shortlisted by undertaking certain important parameters like AUM, NAV, past performances, the average maturity of the Portfolio, duration, etc.

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Why Invest in Franklin Templeton Mutual Fund?

An investor can invest in debt schemes with an amount as low as INR 500 via a SIP and INR 5,000 via a lump sum amount investment
Debt funds are considered to be an ideal investment for generating regular Income. For example, choosing dividend payout can be an option for regular income.
Since, debt funds largely invest in government securities, corporate debt and other securities like treasury bills, etc., they are not affected by equity Market Volatility.

Best Franklin Templeton Debt Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	2023 (%)	Debt Yield (YTM)	Mod. Duration	Eff. Maturity
Franklin India Savings Fund Growth	₹45.8942 ↑ 0.02	₹1,446	2	3.8	7.4	5.6	7.3	7.65%	10M 6D	10M 29D
Franklin India Corporate Debt Fund Growth	₹89.4161 ↑ 0.10	₹748	1.7	3.5	6.4	4.9	6.5	7.76%	1Y 11M 1D	2Y 3M 13D
Franklin India Banking And PSU Debt Fund Growth	₹20.4066 ↑ 0.01	₹638	1.9	3.7	6.7	5.1	6.8	7.64%	1Y 9M 22D	2Y 2M 15D
Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth	₹34.9131 ↑ 0.04	₹297	1.3	5.9	13.7	8.8		0%		1Y 15D
Franklin India Government Securities Fund Growth	₹53.3961 ↑ 0.09	₹142	1.3	3.2	5	4.1	5.5	7.14%	2Y 2M 5D	2Y 10M 12D
Franklin India Credit Risk Fund Growth	₹25.3348 ↑ 0.04	₹104	2.9	5	7.5	11		0%
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Apr 24

1. Franklin India Savings Fund

(Erstwhile Franklin India Savings Plus Fund Retail Option)

Aims to provide income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate returns, and also fixed rate instruments and money market instruments.

Franklin India Savings Fund is a Debt - Money Market fund was launched on 11 Feb 02. It is a fund with Moderately Low risk and has given a CAGR/Annualized return of 7.1% since its launch. Ranked 47 in Money Market category. Return for 2023 was 7.3% , 2022 was 4.4% and 2021 was 3.6% .

Below is the key information for Franklin India Savings Fund

Franklin India Savings Fund Growth
Launch Date	11 Feb 02
NAV (22 Apr 24)	₹45.8942 ↑ 0.02 (0.05 %)
Net Assets (Cr)	₹1,446 on 31 Mar 24
Category	Debt - Money Market
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.29
Sharpe Ratio	1.8
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.65%
Effective Maturity	10 Months 29 Days
Modified Duration	10 Months 6 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹10,775
31 Mar 21	₹11,337
31 Mar 22	₹11,756
31 Mar 23	₹12,375
31 Mar 24	₹13,301

Franklin India Savings Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Franklin India Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Apr 24

Duration	Returns
1 Month	0.7%
3 Month	2%
6 Month	3.8%
1 Year	7.4%
3 Year	5.6%
5 Year	5.9%
10 Year
15 Year
Since launch	7.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	7.3%
2022	4.4%
2021	3.6%
2020	6%
2019	8.5%
2018	7.5%
2017	7.2%
2016	8.1%
2015	8.3%
2014	8.9%

Fund Manager information for Franklin India Savings Fund

Name	Since	Tenure
Rahul Goswami	6 Oct 23	0.49 Yr.
Umesh Sharma	25 Oct 18	5.44 Yr.
Pallab Roy	25 Jun 08	15.78 Yr.

Data below for Franklin India Savings Fund as on 31 Mar 24

Asset Allocation

Asset Class	Value
Cash	55.82%
Debt	43.95%
Other	0.23%

Debt Sector Allocation

Sector	Value
Corporate	45.58%
Cash Equivalent	32.83%
Government	21.36%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
364 DTB 05122024 Sovereign Bonds \| -	8%	₹119 Cr	12,500,000
India (Republic of) - \| -	6%	₹94 Cr	10,000,000
Punjab National Bank Domestic Bonds \| -	6%	₹94 Cr	2,000
Union Bank of India Domestic Bonds \| -	5%	₹70 Cr	1,500
HDFC Bank Ltd. Debentures \| -	3%	₹47 Cr	1,000
IDFC First Bank Ltd. Debentures \| -	3%	₹47 Cr	1,000
Small Industries Development Bank of India Debentures \| -	3%	₹47 Cr	1,000
Canara Bank Domestic Bonds \| -	3%	₹46 Cr	1,000 ↑ 1,000
Indian Bank Domestic Bonds \| -	3%	₹46 Cr	1,000 ↑ 1,000
DBS Bank India Ltd. Debentures \| -	3%	₹46 Cr	1,000 ↑ 1,000

2. Franklin India Corporate Debt Fund

(Erstwhile Franklin India Income Builder Account - Plan A)

The investment objective of the Scheme is primarily to provide investors Regular income under the Dividend Plan and Capital appreciation under the Growth Plan.

Franklin India Corporate Debt Fund is a Debt - Corporate Bond fund was launched on 23 Jun 97. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.5% since its launch. Ranked 22 in Corporate Bond category. Return for 2023 was 6.5% , 2022 was 3.2% and 2021 was 3.8% .

Below is the key information for Franklin India Corporate Debt Fund

Franklin India Corporate Debt Fund Growth
Launch Date	23 Jun 97
NAV (22 Apr 24)	₹89.4161 ↑ 0.10 (0.12 %)
Net Assets (Cr)	₹748 on 31 Mar 24
Category	Debt - Corporate Bond
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆
Risk	Moderate
Expense Ratio	0.78
Sharpe Ratio	-0.48
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	0-1 Years (0.5%),1 Years and above(NIL)
Yield to Maturity	7.76%
Effective Maturity	2 Years 3 Months 13 Days
Modified Duration	1 Year 11 Months 1 Day

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹10,809
31 Mar 21	₹11,650
31 Mar 22	₹12,125
31 Mar 23	₹12,597
31 Mar 24	₹13,449

Franklin India Corporate Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Franklin India Corporate Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Apr 24

Duration	Returns
1 Month	0.5%
3 Month	1.7%
6 Month	3.5%
1 Year	6.4%
3 Year	4.9%
5 Year	6.3%
10 Year
15 Year
Since launch	8.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	6.5%
2022	3.2%
2021	3.8%
2020	9%
2019	9.2%
2018	7.5%
2017	7.7%
2016	9%
2015	8.4%
2014	13%

Fund Manager information for Franklin India Corporate Debt Fund

Name	Since	Tenure
Rahul Goswami	6 Oct 23	0.49 Yr.
Anuj Tagra	7 Mar 24	0.07 Yr.
Chandni Gupta	7 Mar 24	0.07 Yr.

Data below for Franklin India Corporate Debt Fund as on 31 Mar 24

Asset Allocation

Asset Class	Value
Cash	8.5%
Debt	91.24%
Other	0.26%

Debt Sector Allocation

Sector	Value
Corporate	51.12%
Government	40.12%
Cash Equivalent	8.5%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Export Import Bank Of India Debentures \| -	9%	₹65 Cr	650
Nuclear Power Corporation Of India Limited Debentures \| -	7%	₹54 Cr	5,000
Small Industries Development Bank Of India Debentures \| -	7%	₹51 Cr	500
HDFC Bank Limited Debentures \| -	7%	₹50 Cr	500
National Housing Bank Debentures \| -	7%	₹50 Cr	500
ICICI Home Finance Company Limited 8.1% Debentures \| -	7%	₹50 Cr	5,000 ↑ 5,000
National Bank For Agriculture And Rural Development Debentures \| -	7%	₹49 Cr	500
7.37% Govt Stock 2028 Sovereign Bonds \| -	6%	₹47 Cr	4,500,000
Rural Electrification Corporation Limited Debentures \| -	4%	₹27 Cr	250
Mahindra & Mahindra Financial Services Ltd Debentures \| -	4%	₹26 Cr	2,500

3. Franklin India Banking And PSU Debt Fund

The fund seeks to provide income through a portfolio of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSUs). However, there is no assurance or guarantee that the objective of the scheme will be achieved.

Franklin India Banking And PSU Debt Fund is a Debt - Banking & PSU Debt fund was launched on 25 Apr 14. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.4% since its launch. Ranked 40 in Banking & PSU Debt category. Return for 2023 was 6.8% , 2022 was 3.3% and 2021 was 3.7% .

Below is the key information for Franklin India Banking And PSU Debt Fund

Franklin India Banking And PSU Debt Fund Growth
Launch Date	25 Apr 14
NAV (22 Apr 24)	₹20.4066 ↑ 0.01 (0.07 %)
Net Assets (Cr)	₹638 on 31 Mar 24
Category	Debt - Banking & PSU Debt
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.53
Sharpe Ratio	0.28
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.64%
Effective Maturity	2 Years 2 Months 15 Days
Modified Duration	1 Year 9 Months 22 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹11,099
31 Mar 21	₹11,783
31 Mar 22	₹12,290
31 Mar 23	₹12,784
31 Mar 24	₹13,701

Franklin India Banking And PSU Debt Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Returns for Franklin India Banking And PSU Debt Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Apr 24

Duration	Returns
1 Month	0.5%
3 Month	1.9%
6 Month	3.7%
1 Year	6.7%
3 Year	5.1%
5 Year	6.6%
10 Year
15 Year
Since launch	7.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	6.8%
2022	3.3%
2021	3.7%
2020	9.1%
2019	11.2%
2018	6.9%
2017	6.3%
2016	9.7%
2015	7.3%
2014

Fund Manager information for Franklin India Banking And PSU Debt Fund

Name	Since	Tenure
Umesh Sharma	25 Apr 14	9.94 Yr.
Anuj Tagra	7 Mar 24	0.07 Yr.
Chandni Gupta	7 Mar 24	0.07 Yr.
Sandeep Manam	18 Oct 21	2.45 Yr.

Data below for Franklin India Banking And PSU Debt Fund as on 31 Mar 24

Asset Allocation

Asset Class	Value
Cash	12.04%
Debt	82.9%
Other	0.28%

Debt Sector Allocation

Sector	Value
Government	49%
Corporate	38.68%
Cash Equivalent	12.04%

Credit Quality

Rating	Value
AA	5.22%
AAA	94.78%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Nuclear Power Corporation Of India Limited Debentures \| -	9%	₹54 Cr	5,000
National Bank For Agriculture And Rural Development Debentures \| -	8%	₹51 Cr	500
Indian Railway Finance Corporation Limited Debentures \| -	8%	₹51 Cr	500
Food Corporation Of India Debentures \| -	8%	₹49 Cr	500
Export Import Bank Of India Debentures \| -	6%	₹36 Cr	350
Ongc Petro Additions Limited 8.29% - \| -	5%	₹30 Cr	3,000
Nhpc Limited Debentures \| -	4%	₹27 Cr	250
HDFC Bank Limited Debentures \| -	4%	₹26 Cr	250 ↑ 250
Small Industries Development Bank Of India Debentures \| -	4%	₹26 Cr	250
Small Industries Development Bank Of India Debentures \| -	4%	₹26 Cr	2,500 ↑ 2,500

4. Franklin India Ultra Short Bond Fund - Super Institutional Plan

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

Franklin India Ultra Short Bond Fund - Super Institutional Plan is a Debt - Ultrashort Bond fund was launched on 18 Dec 07. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.9% since its launch. .

Below is the key information for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth
Launch Date	18 Dec 07
NAV (07 Aug 22)	₹34.9131 ↑ 0.04 (0.11 %)
Net Assets (Cr)	₹297 on 31 Jul 22
Category	Debt - Ultrashort Bond
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆
Risk	Moderate
Expense Ratio	0.52
Sharpe Ratio	2.57
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	0%
Effective Maturity	1 Year 15 Days
Modified Duration

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹10,471
31 Mar 21	₹11,316
31 Mar 22	₹13,043

Franklin India Ultra Short Bond Fund - Super Institutional Plan SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹206,148.
Net Profit of ₹26,148 Invest Now

Purchase not allowed

Returns for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Apr 24

Duration	Returns
1 Month	0.6%
3 Month	1.3%
6 Month	5.9%
1 Year	13.7%
3 Year	8.8%
5 Year	8.7%
10 Year
15 Year
Since launch	8.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014

Fund Manager information for Franklin India Ultra Short Bond Fund - Super Institutional Plan

Name	Since	Tenure

Data below for Franklin India Ultra Short Bond Fund - Super Institutional Plan as on 31 Jul 22

Asset Allocation

Asset Class	Value

Debt Sector Allocation

Sector	Value

Credit Quality

Rating	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

5. Franklin India Government Securities Fund

(Erstwhile Franklin India Government Securities Fund - Long Term Plan)

Aims to invest exclusively in government securities of Zero credit or default risk

Franklin India Government Securities Fund is a Debt - Government Bond fund was launched on 7 Dec 01. It is a fund with Moderate risk and has given a CAGR/Annualized return of 7.8% since its launch. Ranked 17 in Government Bond category. Return for 2023 was 5.5% , 2022 was 2.5% and 2021 was 2.1% .

Below is the key information for Franklin India Government Securities Fund

Franklin India Government Securities Fund Growth
Launch Date	7 Dec 01
NAV (22 Apr 24)	₹53.3961 ↑ 0.09 (0.17 %)
Net Assets (Cr)	₹142 on 31 Mar 24
Category	Debt - Government Bond
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.07
Sharpe Ratio	-1.62
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.14%
Effective Maturity	2 Years 10 Months 12 Days
Modified Duration	2 Years 2 Months 5 Days

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹11,020
31 Mar 21	₹11,351
31 Mar 22	₹11,828
31 Mar 23	₹12,218
31 Mar 24	₹12,899

Franklin India Government Securities Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹197,169.
Net Profit of ₹17,169 Invest Now

Returns for Franklin India Government Securities Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Apr 24

Duration	Returns
1 Month	0.4%
3 Month	1.3%
6 Month	3.2%
1 Year	5%
3 Year	4.1%
5 Year	5.4%
10 Year
15 Year
Since launch	7.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	5.5%
2022	2.5%
2021	2.1%
2020	8.5%
2019	8%
2018	4.3%
2017	0.1%
2016	15.7%
2015	5.4%
2014	20.3%

Fund Manager information for Franklin India Government Securities Fund

Name	Since	Tenure
Rahul Goswami	6 Oct 23	0.49 Yr.
Anuj Tagra	7 Mar 24	0.07 Yr.

Data below for Franklin India Government Securities Fund as on 31 Mar 24

Asset Allocation

Asset Class	Value
Cash	6.06%
Debt	93.94%

Debt Sector Allocation

Sector	Value
Government	93.94%
Cash Equivalent	6.06%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
7.37% Govt Stock 2028 Sovereign Bonds \| -	38%	₹52 Cr	5,000,000
182 DTB 25072024 Sovereign Bonds \| -	18%	₹24 Cr	2,500,000 ↑ 2,500,000
India (Republic of) - \| -	18%	₹24 Cr	2,500,000 ↑ 2,500,000
India (Republic of) - \| -	14%	₹19 Cr	2,000,000 ↓ -5,000,000
7.18% Govt Stock 2033 Sovereign Bonds \| -	7%	₹10 Cr	1,000,000
Call, Cash & Other Assets CBLO \| -	6%	₹8 Cr

6. Franklin India Credit Risk Fund

(Erstwhile Franklin India Corporate Bond Opportunities Fund)

The Fund seeks to provide regular income and capital appreciation through a focus on corporate securities.

Franklin India Credit Risk Fund is a Debt - Credit Risk fund was launched on 30 Nov 11. It is a fund with Moderate risk and has given a CAGR/Annualized return of 8.4% since its launch. Ranked 16 in Credit Risk category. , 2022 was 6.5% and 2021 was 13.8% .

Below is the key information for Franklin India Credit Risk Fund

Franklin India Credit Risk Fund Growth
Launch Date	30 Nov 11
NAV (11 Jun 23)	₹25.3348 ↑ 0.04 (0.14 %)
Net Assets (Cr)	₹104 on 15 Jul 23
Category	Debt - Credit Risk
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆
Risk	Moderate
Expense Ratio	0.04
Sharpe Ratio	0.29
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	0-12 Months (3%),12-24 Months (2%),24-36 Months (1%),36 Months and above(NIL)
Yield to Maturity	0%
Effective Maturity
Modified Duration

Growth of 10,000 investment over the years.

Date	Value
31 Mar 19	₹10,000
31 Mar 20	₹9,550
31 Mar 21	₹10,571
31 Mar 22	₹12,158
31 Mar 23	₹12,682

Franklin India Credit Risk Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹200,132.
Net Profit of ₹20,132 Invest Now

Purchase not allowed

Returns for Franklin India Credit Risk Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Apr 24

Duration	Returns
1 Month	0.9%
3 Month	2.9%
6 Month	5%
1 Year	7.5%
3 Year	11%
5 Year	7%
10 Year
15 Year
Since launch	8.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023
2022	6.5%
2021	13.8%
2020	-0.2%
2019	4%
2018	8.4%
2017	8.3%
2016	8.7%
2015	9.3%
2014	11.9%

Fund Manager information for Franklin India Credit Risk Fund

Name	Since	Tenure
Santosh Kamath	8 Dec 11	12.32 Yr.
Kunal Agrawal	4 Jun 21	2.83 Yr.

Data below for Franklin India Credit Risk Fund as on 15 Jul 23

Asset Allocation

Asset Class	Value
Cash	100%

Debt Sector Allocation

Sector	Value
Cash Equivalent	100%

Credit Quality

Rating	Value
B	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Vodafone Idea Limited Debentures \| -	100%	₹104 Cr	3,370

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.