Franklin India Banking & PSU Debt Fund
- NAV as on 24 Sep 2026
- ₹24.14-0.05%1 day
- Return since launch
- 7.4%
- 52-week range
- ₹22.77 — ₹24.16
- AUM
- ₹567 Cr
Franklin India Banking & PSU Debt Fund is a Banking and PSU debt fund from Franklin Templeton Mutual Fund with ₹567 Cr under management, launched in 2014. Over three years it has returned 6.8% a year, against 6.7% for its category. The expense ratio is 0.49% and the SEBI riskometer reading is Low to Moderate.
Performance
Franklin India Banking & PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.0% against +4.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.9% | +1.1 pts | 4.7% | 4.7% |
| 2Y | 6.4% | +1.0 pts | 5.4% | 5.4% |
| 3Y | 6.8% | +0.1 pts | 6.7% | 6.1% |
| 5Y | 6.8% | +0.9 pts | 5.8% | 6.3% |
| 7Y | 6.4% | +0.3 pts | 6.2% | 6.1% |
| 10Y | 6.7% | 0.0 pts | 6.7% | 6.4% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | +0.2 pts | 0.1% | 0.1% |
| 3M | 1.4% | +0.6 pts | 0.8% | 0.7% |
| 6M | 3.3% | +0.3 pts | 2.9% | 3.0% |
| 1Y | 6.0% | +1.2 pts | 4.7% | 4.7% |
| 2Y | 6.9% | +0.7 pts | 6.1% | 6.1% |
| 3Y | 7.1% | +0.4 pts | 6.7% | 6.7% |
| 5Y | 6.1% | +0.2 pts | 5.8% | 5.8% |
| 7Y | 6.5% | +0.1 pts | 6.4% | 6.3% |
| 10Y | 6.9% | +0.2 pts | 6.7% | 6.7% |
Since launch (2 Apr 2014): 7.4%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.9% | +0.2 pts | 7.7% |
| 2024 | 7.6% | −0.5 pts | 8.2% |
| 2023 | 6.8% | −0.2 pts | 7.0% |
| 2022 | 3.3% | −0.6 pts | 3.9% |
| 2021 | 3.7% | −0.1 pts | 3.8% |
| 2020 | 9.1% | −1.3 pts | 10.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.49%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.41%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.07%
- Exit load
- Exit load of 0.50% if redeemed within 6 months.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty Banking & PSU Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.22 | 0.85 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.76 | 1.49 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.06 | 1.34 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Franklin India Banking & PSU Debt Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt82.7%
- Other17.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 17.71% | ₹100 Cr | +1.42% | +1.72% | +1.60% |
| National Bank For Agriculture & Rural Development | Financial | 8.16% | ₹46.28 Cr | +9.04% | +10.81% | +10.82% |
| Small Industries Devp. Bank of India Ltd. | Financial | 6.00% | ₹34.00 Cr | +3.47% | +4.51% | +4.19% |
| Maharashtra State | Others | 5.65% | ₹32.04 Cr | +5.33% | — | — |
| India Infrastructure Finance Company Ltd. | Construction | 5.51% | ₹31.26 Cr | +5.22% | +6.33% | +10.51% |
| Axis Bank Ltd. | Financial | 4.61% | ₹26.13 Cr | +4.38% | +5.27% | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 4.49% | ₹25.45 Cr | +4.31% | — | — |
| HDFC Bank Ltd. | Financial | 4.35% | ₹24.66 Cr | +1.73% | +8.91% | +8.28% |
| Indian Bank | Financial | 4.34% | ₹24.59 Cr | — | — | — |
| Bank Of Baroda | Financial | 4.31% | ₹24.43 Cr | +1.63% | +4.93% | — |
| Kotak Mahindra Bank Ltd. | Financial | 4.31% | ₹24.42 Cr | +4.09% | — | — |
| ICICI Bank Ltd. | Financial | 4.29% | ₹24.34 Cr | +4.08% | -6.26% | -10.99% |
| REC Ltd. | Financial | 4.18% | ₹23.68 Cr | +3.57% | +7.05% | +3.32% |
| Power Finance Corporation Ltd. | Financial | 3.62% | ₹20.51 Cr | +3.44% | +4.19% | +5.02% |
| Union Bank of India | Financial | 3.41% | ₹19.31 Cr | +4.29% | — | — |
| Canara Bank | Financial | 2.50% | ₹14.16 Cr | +4.19% | — | +4.91% |
| Jubilant Beverages Ltd. | Consumer Staples | 2.27% | ₹12.86 Cr | +2.15% | +2.60% | +2.40% |
| Andhra Pradesh State | Financial | 1.85% | ₹10.48 Cr | +1.75% | +2.22% | +2.93% |
| National Housing Bank | Financial | 1.80% | ₹10.21 Cr | +1.84% | +1.10% | +3.07% |
| Punjab State | Others | 1.78% | ₹10.11 Cr | +1.75% | +2.12% | — |
| Bihar State | Others | 1.13% | ₹6.40 Cr | +1.10% | +1.34% | — |
| Jubilant Bevco Ltd. | Consumer Staples | 1.08% | ₹6.12 Cr | +1.02% | +1.24% | +8.02% |
| Rajasthan State | Others | 0.90% | ₹5.12 Cr | +0.85% | +1.08% | +0.08% |
| Tata Capital Ltd. | Financial | 0.90% | ₹5.10 Cr | — | — | — |
| Uttarakhand State | Others | 0.25% | ₹1.41 Cr | +0.24% | +2.03% | — |
| GOI | Sovereign | 0.17% | ₹0.94 Cr | +0.03% | +4.13% | +0.03% |
| Chhattisgarh State | Others | 0.09% | ₹0.53 Cr | +0.09% | +0.11% | +0.11% |
| West Bengal State | Others | 0.09% | ₹0.50 Cr | +0.08% | +0.11% | +4.07% |
| Himachal Pradesh State | Others | 0.09% | ₹0.50 Cr | — | — | — |
| Kerala State | Others | 0.02% | ₹0.10 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | -2.65% | ₹-15.00 Cr | -2.57% | -10.43% | -16.99% |
| Standard Chartered Bank | Financial | -3.53% | ₹-20.00 Cr | -3.43% | -5.22% | — |
| DBS Bank India Ltd. | Financial | -4.41% | ₹-25.00 Cr | -4.29% | — | — |
| ICICI Securities Primary Dealership Ltd. | Financial | -5.29% | ₹-30.00 Cr | -5.14% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Canara Bank | 4.24% | 2.50% | -1.74% |
| India Infrastructure Finance Company Ltd. | 5.33% | 5.51% | +0.19% |
| Maharashtra State | 5.47% | 5.65% | +0.18% |
| Axis Bank Ltd. | 4.44% | 4.61% | +0.17% |
| National Bank For Agriculture & Rural Development | 4.56% | 4.73% | +0.17% |
| ICICI Securities Primary Dealership Ltd. | -5.13% | -5.29% | -0.16% |
| Indian Bank | 4.17% | 4.34% | +0.16% |
| Kotak Mahindra Bank Ltd. | 4.15% | 4.31% | +0.16% |
| Bank Of Baroda | 4.15% | 4.31% | +0.16% |
| ICICI Bank Ltd. | 4.13% | 4.29% | +0.16% |
| Mahindra & Mahindra Financial Services Ltd. | 4.34% | 4.49% | +0.14% |
| DBS Bank India Ltd. | -4.27% | -4.41% | -0.14% |
| REC Ltd. | 4.05% | 4.18% | +0.13% |
| Union Bank of India | 3.28% | 3.41% | +0.13% |
| Standard Chartered Bank | -3.42% | -3.53% | -0.11% |
| IDFC First Bank Ltd. | -2.56% | -2.65% | -0.08% |
| Power Finance Corporation Ltd. | 3.54% | 3.62% | +0.08% |
| Jubilant Beverages Ltd. | 2.19% | 2.27% | +0.08% |
| Small Industries Devp. Bank of India Ltd. | 1.76% | 1.82% | +0.07% |
| National Housing Bank | 1.74% | 1.80% | +0.06% |
| Punjab State | 1.73% | 1.78% | +0.05% |
| Andhra Pradesh State | 1.80% | 1.85% | +0.05% |
| Jubilant Bevco Ltd. | 1.04% | 1.08% | +0.04% |
| HDFC Bank Ltd. | 0.88% | 0.91% | +0.03% |
| Bihar State | 1.10% | 1.13% | +0.03% |
| Tata Capital Ltd. | 0.87% | 0.90% | +0.03% |
| Rajasthan State | 0.88% | 0.90% | +0.03% |
| Others | 0.36% | 0.37% | +0.01% |
| Uttarakhand State | 0.24% | 0.25% | +0.01% |
| GOI | 0.16% | 0.17% | 0.00% |
| Himachal Pradesh State | 0.09% | 0.09% | 0.00% |
| Chhattisgarh State | 0.09% | 0.09% | 0.00% |
| West Bengal State | 0.09% | 0.09% | 0.00% |
| Kerala State | 0.02% | 0.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹6,781 Cr | 0.66% | 5.4% | 6.5% | 6.7% |
 Bandhan Banking and PSU Debt Fund | ₹12,014 Cr | 0.68% | 5.7% | 6.4% | 6.5% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,667 Cr | 0.74% | 4.9% | 6.3% | 6.6% |
 Kotak Banking and PSU Debt Fund | ₹4,937 Cr | 0.75% | 4.6% | 6.2% | 6.5% |
 UTI Banking & PSU Debt Fund | ₹1,508 Cr | 0.47% | 6.2% | 6.9% | 7.2% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment 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 and Public Sector Undertakings (PSUs).
Fund managers
- Anuj TagraMr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management StudiesPrior to joining Franklin India Mutual Fund, he has worked with ICICI Prudential AMC, Union Bank of India and Fidelity Investments.
- Chandni GuptaShe holds B.E. degree in IT and CFA degree from CFA Institute, USA.Prior to joining Franklin India Mutual Fund, she has worked with ICICI Prudential Asset Management Company Limited Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months3.28% absolute | ₹60,000 | ₹61,968 | 3.28% | |
| 1 year5.97% annualised | ₹1,20,000 | ₹1,23,952 | 3.29% | |
| 3 years7.13% annualised | ₹3,60,000 | ₹4,02,459 | 11.79% | |
| 5 years6.08% annualised | ₹6,00,000 | ₹7,02,679 | 17.11% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.