Franklin India Floating Rate Fund - Growth Plan

Franklin India Floating Rate Fund - Growth Plan is a scheme launched by Franklin Mutual Fund on April 23, 2001, and falls under the Floater fund category. It currently manages an AUM of Rs 350.64 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 1000. It charges an expense ratio of 0.98% for managing the portfolio.

• Investing Strategy:

  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 instruments and money market instruments.

• Performance:

  Franklin India Floating Rate Fund - Growth Plan trailing returns over different times are 8% (1 year), 7.73% (3 year) and 6.13% (5 year). The average annual return of this fund stands at 5.86%.