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6 Best Debt Funds by Franklin Templeton Mutual Fund 2024

Updated on November 17, 2024 , 7973 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	₹47.8406 ↑ 0.01	₹2,458	1.9	3.8	7.7	6.3	7.3	7.39%	5M 19D	6M
Franklin India Corporate Debt Fund Growth	₹93.6576 ↑ 0.08	₹765	2.1	4.2	7.7	5.6	6.5	7.46%	2Y 8M 5D	3Y 8M 2D
Franklin India Banking And PSU Debt Fund Growth	₹21.3419 ↑ 0.02	₹578	1.9	4	7.7	5.8	6.8	7.34%	2Y 9M 14D	3Y 8M 28D
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	₹55.9869 ↑ 0.01	₹151	1.7	4.2	7.4	4.9	5.5	6.71%	3Y 6M 25D	5Y 3M 13D
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 19 Nov 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 (19 Nov 24)	₹47.8406 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹2,458 on 31 Oct 24
Category	Debt - Money Market
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderately Low
Expense Ratio	0.27
Sharpe Ratio	2.67
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.39%
Effective Maturity	6 Months
Modified Duration	5 Months 19 Days

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,636
31 Oct 21	₹11,010
31 Oct 22	₹11,438
31 Oct 23	₹12,271
31 Oct 24	₹13,206

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 19 Nov 24

Duration	Returns
1 Month	0.6%
3 Month	1.9%
6 Month	3.8%
1 Year	7.7%
3 Year	6.3%
5 Year	5.7%
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	1.07 Yr.
Rohan Maru	10 Oct 24	0.06 Yr.
Chandni Gupta	30 Apr 24	0.51 Yr.

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

Asset Allocation

Asset Class	Value
Cash	75.5%
Debt	24.33%
Other	0.17%

Debt Sector Allocation

Sector	Value
Corporate	46.92%
Cash Equivalent	38.92%
Government	13.99%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
India (Republic of) - \| -	4%	₹98 Cr	10,000,000
Indian Bank Domestic Bonds \| -	4%	₹97 Cr	2,000
364 DTB 31072025 Sovereign Bonds \| -	4%	₹95 Cr	10,000,000
364 DTB 28022025 Sovereign Bonds \| -	3%	₹68 Cr	7,151,200
HDFC Bank Ltd. Debentures \| -	2%	₹54 Cr	1,100 ↑ 100
5.22 Govt Stock 15062025 Sovereign Bonds \| -	2%	₹50 Cr	5,000,000 ↑ 5,000,000
IDFC First Bank Ltd. Debentures \| -	2%	₹49 Cr	1,000
Small Industries Development Bank of India Debentures \| -	2%	₹49 Cr	1,000
182 DTB 09012025 Sovereign Bonds \| -	1%	₹25 Cr	2,500,000
364 DTB Sovereign Bonds \| -	1%	₹25 Cr	2,500,000

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 (19 Nov 24)	₹93.6576 ↑ 0.08 (0.09 %)
Net Assets (Cr)	₹765 on 31 Oct 24
Category	Debt - Corporate Bond
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆
Risk	Moderate
Expense Ratio	0.77
Sharpe Ratio	1.45
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	7.46%
Effective Maturity	3 Years 8 Months 2 Days
Modified Duration	2 Years 8 Months 5 Days

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,874
31 Oct 21	₹11,372
31 Oct 22	₹11,666
31 Oct 23	₹12,428
31 Oct 24	₹13,384

Franklin India Corporate Debt 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 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 19 Nov 24

Duration	Returns
1 Month	0.7%
3 Month	2.1%
6 Month	4.2%
1 Year	7.7%
3 Year	5.6%
5 Year	6%
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	1.07 Yr.
Anuj Tagra	7 Mar 24	0.65 Yr.
Chandni Gupta	7 Mar 24	0.65 Yr.

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

Asset Allocation

Asset Class	Value
Cash	13.36%
Debt	86.37%
Other	0.27%

Debt Sector Allocation

Sector	Value
Corporate	71.86%
Government	14.52%
Cash Equivalent	13.36%

Credit Quality

Rating	Value
AA	5.98%
AAA	94.02%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Home Finance Company Limited Debentures \| -	7%	₹53 Cr	5,000
Pipeline Infrastructure Private Limited Debentures \| -	7%	₹51 Cr	5,000
Sikka Ports And Terminals Limited Debentures \| -	7%	₹51 Cr	500
Summit Digitel Infrastructure Ltd Debentures \| -	7%	₹51 Cr	5,000
Rural Electrification Corporation Limited Debentures \| -	7%	₹49 Cr	9,000
8% Govt Stock 2034 Sovereign Bonds \| -	5%	₹37 Cr	3,500,000
Mahindra & Mahindra Financial Services Ltd. 8.25% Debentures \| -	4%	₹27 Cr	2,500
Bajaj Finance Limited Debentures \| -	4%	₹27 Cr	2,500
National Bank For Agriculture And Rural Development Debentures \| -	3%	₹26 Cr	2,500
Bajaj Finance Ltd. 8.1167% Debentures \| -	3%	₹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 (19 Nov 24)	₹21.3419 ↑ 0.02 (0.07 %)
Net Assets (Cr)	₹578 on 31 Oct 24
Category	Debt - Banking & PSU Debt
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	0.51
Sharpe Ratio	1.67
Information Ratio	0
Alpha Ratio	0
Min Investment	5,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	7.34%
Effective Maturity	3 Years 8 Months 28 Days
Modified Duration	2 Years 9 Months 14 Days

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,917
31 Oct 21	₹11,357
31 Oct 22	₹11,657
31 Oct 23	₹12,458
31 Oct 24	₹13,435

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 19 Nov 24

Duration	Returns
1 Month	0.5%
3 Month	1.9%
6 Month	4%
1 Year	7.7%
3 Year	5.8%
5 Year	6.1%
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
Anuj Tagra	7 Mar 24	0.65 Yr.
Chandni Gupta	7 Mar 24	0.65 Yr.
Sandeep Manam	18 Oct 21	3.04 Yr.

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

Asset Allocation

Asset Class	Value
Cash	5.88%
Debt	93.8%
Other	0.32%

Debt Sector Allocation

Sector	Value
Corporate	64.5%
Government	29.3%
Cash Equivalent	5.88%

Credit Quality

Rating	Value
AA	5.59%
AAA	94.41%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
National Housing Bank Debentures \| -	9%	₹51 Cr	5,000
ICICI Bank Limited Debentures \| -	6%	₹35 Cr	350 ↑ 350
Rural Electrification Corporation Limited Debentures \| -	6%	₹33 Cr	6,000
Ongc Petro Additions Ltd. Debentures \| -	6%	₹32 Cr	3,000
Small Industries Development Bank Of India Debentures \| -	5%	₹27 Cr	2,500
Bajaj Finance Limited Debentures \| -	5%	₹27 Cr	2,500
National Bank For Agriculture And Rural Development Debentures \| -	5%	₹26 Cr	2,500
Power Finance Corporation Ltd. Debentures \| -	5%	₹26 Cr	2,500
Power Finance Corporation Ltd. Debentures \| -	4%	₹26 Cr	2,500
HDFC Bank Limited Debentures \| -	4%	₹26 Cr	250

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 Oct 19	₹10,000
31 Oct 20	₹10,444
31 Oct 21	₹11,442

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 19 Nov 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 (19 Nov 24)	₹55.9869 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹151 on 31 Oct 24
Category	Debt - Government Bond
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆☆
Risk	Moderate
Expense Ratio	1.08
Sharpe Ratio	0.7
Information Ratio	0
Alpha Ratio	0
Min Investment	10,000
Min SIP Investment	500
Exit Load	NIL
Yield to Maturity	6.71%
Effective Maturity	5 Years 3 Months 13 Days
Modified Duration	3 Years 6 Months 25 Days

Growth of 10,000 investment over the years.

Date	Value
31 Oct 19	₹10,000
31 Oct 20	₹10,783
31 Oct 21	₹11,074
31 Oct 22	₹11,249
31 Oct 23	₹11,855
31 Oct 24	₹12,773

Franklin India Government Securities Fund SIP Returns

Total investment amount is ₹180,000
expected amount after 3 Years is ₹194,235.
Net Profit of ₹14,235 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 19 Nov 24

Duration	Returns
1 Month	0.4%
3 Month	1.7%
6 Month	4.2%
1 Year	7.4%
3 Year	4.9%
5 Year	5%
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	1.07 Yr.
Anuj Tagra	7 Mar 24	0.65 Yr.

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

Asset Allocation

Asset Class	Value
Cash	55.71%
Debt	44.29%

Debt Sector Allocation

Sector	Value
Cash Equivalent	55.71%
Government	44.29%

Credit Quality

Rating	Value
AAA	100%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
182 DTB 18102024 Sovereign Bonds \| -	33%	₹50 Cr	5,000,000 ↑ 3,500,000
7.10%Goi 08/04/2034 Sovereign Bonds \| -	24%	₹36 Cr	3,500,000 ↓ -4,500,000
India (Republic of) 6.79% Sovereign Bonds \| -	13%	₹20 Cr	2,015,500 ↑ 2,015,500
364 DTB 21112024 Sovereign Bonds \| -	13%	₹20 Cr	2,000,000 ↑ 2,000,000
364 DTB 14112024 Sovereign Bonds \| -	7%	₹10 Cr	1,000,000
8% Govt Stock 2034 Sovereign Bonds \| -	3%	₹5 Cr	500,000
07.18 Goi 14082033 Sovereign Bonds \| -	3%	₹5 Cr	500,000
Call, Cash & Other Assets CBLO \| -	3%	₹4 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 Oct 19	₹10,000
31 Oct 20	₹9,614
31 Oct 21	₹11,289
31 Oct 22	₹12,030

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 19 Nov 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	12.91 Yr.
Kunal Agrawal	4 Jun 21	3.41 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.