NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund

INVEST VIA NRE/NRO

Franklin India Banking & PSU Debt Fund Growth for NRI [20.65]

Min Investment

5,000

Fund Size

620.01 Cr

Expense Ratio

0.5%

Exit Load

0%

SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671

20.65

0.02%

NAV as on 22 Jun 24, 12:00 AM

moderate risk

banking & psu

debt

NAV as on 22 Jun 24, 12:00 AM

moderate risk

banking & psu

debt

6.79%p.a.

Last 1Y

5.20%p.a.

Last 3Y

6.34%p.a.

Last 5Y

7.40%p.a.

Since Inception

About Franklin India Banking & PSU Debt Fund Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Franklin India Banking & PSU Debt Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Apr 2014, Franklin India Banking & PSU Debt Fund Growth is Banking & PSU fund of its category with 620.01 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.

  • Franklin India Banking & PSU Debt Fund Growth delivered 6.8% annual returns during the last year. It has delivered 7.4% average annual returns since the fund was launched.
  • Franklin India Banking & PSU Debt Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
  • The scheme has predominantly invested in debt

Fund Objective

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

Top 10 Holdings

National Housing Bank

8.53%

Food Corporation Of India

7.95%

7.18% Govt Stock 2033

6.60%

Ongc Petro Additions Limited 8.29%

4.95%

HDFC Bank Limited

4.26%

Indian Railway Finance Corporation Limited

4.23%

Small Industries Development Bank Of India

4.23%

Small Industries Development Bank Of India

4.15%

Power Finance Corporation Ltd.

4.08%

State Bank Of India

4.07%

Fund Managers

  1. Anuj Tagra (Mar 2024 - Present)
  2. Chandni Gupta (Mar 2024 - Present)
  3. Sandeep Manam (Oct 2021 - Present)

Key Information

View Scheme Document

Franklin India Banking & PSU Debt Fund Growth SIP Calculator

If invested

5,000

per month

For a period of

Investment of 0 could have been

0(+0.0%)

0 (+0.0%)

This Fund

0 (+0.0%)

Fixed Deposit

NRI Mutual Fund Tax on Franklin India Banking & PSU Debt Fund Growth

Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.

Fund TypeShort-term Capital Gains (STCG) TaxLong-term Capital Gains (LTCG) Tax
Equity mutual funds15%10% (above Rs. 1 lakh LTCG) without indexation*
Debt & other types of fundsAt tax slab rate20% with indexation benefits

How can NRIs invest in Franklin India Banking & PSU Debt Fund Growth?

NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:

  • Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
  • PAN Number
  • Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
  • Passport – front and back
  • Passport size photograph
  • signature

If all details are correct, your KYC will be approved within 7 to 8 business days.

  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Franklin India Banking & PSU Debt Fund Growth
  • Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
  • City and country of birth
  • NRE/NRO bank account statement/ canceled cheque for the latest 3 months
  • Nominee details

Frequently Asked Questions