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

INVEST VIA NRE/NRO

Franklin India Corporate Debt Plan A Growth for NRI [90.47]

Min Investment

10,000

Fund Size

761.37 Cr

Expense Ratio

0.8%

Exit Load

0%

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

90.47

0.02%

NAV as on 20 Jun 24, 12:00 AM

low to moderate risk

corporate bond

debt

NAV as on 20 Jun 24, 12:00 AM

low to moderate risk

corporate bond

debt

6.47%p.a.

Last 1Y

5.02%p.a.

Last 3Y

5.92%p.a.

Last 5Y

8.50%p.a.

Since Inception

About Franklin India Corporate Debt Plan A Growth for NRIs

NRIs can achieve long-term capital appreciation by investing in the Franklin India Corporate Debt Plan A Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on Jun 1997, Franklin India Corporate Debt Plan A Growth is Corporate Bond fund of its category with 761.37 Cr fund under management as on Jun 2024. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.

  • Franklin India Corporate Debt Plan A Growth delivered 6.5% annual returns during the last year. It has delivered 8.5% average annual returns since the fund was launched.
  • Franklin India Corporate Debt Plan A 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 investment objective of the Scheme is primarily to provide investors Regular income and Capital appreciation.

Top 10 Holdings

National Housing Bank

7.00%

Pipeline Infrastructure Ltd. 7.96%

6.72%

ICICI Home Finance Company Limited 8.1%

6.70%

Sikka Ports & Terminals Limited

6.50%

Small Industries Development Bank Of India

6.18%

7.37% Govt Stock 2028

6.03%

7.18% Govt Stock 2033

5.42%

Indian Railway Finance Corporation Limited

3.95%

Mahindra & Mahindra Financial Services Ltd

3.52%

National Bank For Agriculture And Rural Development

3.48%

Fund Managers

  1. Rahul Goswami (Oct 2023 - Present)
  2. Anuj Tagra (Mar 2024 - Present)
  3. Chandni Gupta (Mar 2024 - Present)

Key Information

View Scheme Document

Franklin India Corporate Debt Plan A 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 Corporate Debt Plan A 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 Corporate Debt Plan A 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 Corporate Debt Plan A 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