Franklin India Short Term Income Plan is a Debt Plan ( Short Term)
Launch date Jan 31 2002
Minimum Investment – Rs 5000
Exit Load – 0.5% for redemption within 1 year
Expense ration – 1.52% (31-3-2014)
AUM – Rs 9080 crore 9 as on 30-6-2014)
Performance of Franklin Templeton India Short Term Income Plan – Retail Plan over last 5 years ( as on 9/7/2014)
| AUM | 1 year | 2 year | 3 Year | 5 Year | |
| Rs in crores | |||||
| Templeton (I) ST Income -Retail (G) | 9080 | 9.1 | 9.8 | 9.7 | 8.7 |
Portfolio of Franklin Templeton India Short Term Income Plan – Retail Plan
| Instrument | Credit Rating | 1Y Range | % Assets |
| 10.55% JSW Steel 2017 | Debenture | AA | 4.5 |
| Andhra Bank 2014 | Certificate of Deposit | P1+ | 3.83 |
| Dewan Housing Fin. Corpn. 2019 | Debenture | AA+ | 3.64 |
| International Maritime & Allied Services 2015 | Debenture | A | 3.63 |
| Reserve Bank of India 91-D 21/08/2014 | Treasury Bills | SOV | 3.16 |
| Dena Bank 2014 | Certificate of Deposit | P1+ | 3.05 |
| 12% IL&FS Transportation Networks 2019 | Debenture | A | 2.7 |
| 4% HPCL Mittal Pipelies 2020 | Debenture | AA- | 2.34 |
| 11% Dewan Housing Fin. Corpn. 2019 | Debenture | AA+ | 2.26 |
| Tata Capital Housing Finance 2015 | Debenture | AA+ | 2.15 |
| Andhra Bank 2014 | Certificate of Deposit | P1+ | 2.13 |
| Essel Corporate Resources 2017 | Structured Obligation | A- | 2.07 |
| Canara Bank 2014 | Certificate of Deposit | P1+ | 2.06 |
| JSW Techno Projects Management 2017 | Debenture | A | 1.86 |
| JSW Techno Projects Management 2015 | Debenture | A | 1.8 |
| 4% HPCL Mittal Energy 2020 | Debenture | AA- | 1.75 |
| JSW Techno Projects Management 2016 | Debenture | A | 1.65 |
| 11.9% Prime Publishing 2016 | Debenture | A- | 1.62 |
| Andhra Bank 2014 | Certificate of Deposit | P1+ | 1.61 |
| 4% HPCL Mittal Pipelies 2022 | Debenture | AA- | 1.47 |
| Magma Fincorp 2016 | Debenture | AA+ | 1.36 |
| 8% Mahindra Lifespace Dev 2017 | Debenture | A+ | 1.35 |
| 10.07% Century Textiles & Inds. 2015 | Debenture | AA- | 1.35 |
| Export-Import Bank 90-D 23/06/2014 | Commercial Paper | P1+ | 1.28 |
| Indian Bank 2014 | Certificate of Deposit | P1+ | 1.28 |
Portfolio Aggregates
| Portfolio Aggregates | ||||
| Fund | 1Y High | 1Y Low | Category | |
| Number of Securities | 111 | 115 | 102 | 34 |
| Modified Duration (yrs) | – | 1.69 | 1.64 | 1.81 |
| Average Maturity (yrs) | 1.86 | 2.3 | 1.75 | 2.17 |
| Yield to Maturity (%) | – | 10.73 | 10.26 | 9.44 |
Summary
Fund is performing well and can be considered for Invesment in this Asset class.