NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹10.25
-0.02%
NAV as on 16 Jan 25, 12:00 AM
low to moderate risk
floating rate
debt
NAV as on 16 Jan 25, 12:00 AM
low to moderate risk
floating rate
debt
8.00%p.a.
Last 1Y
6.33%p.a.
Last 3Y
5.41%p.a.
Last 5Y
2.87%p.a.
Since Inception
About Franklin India Floating Rate Daily Reinvestment Inc Dist cum Cap Wdrl for NRIs
NRIs can achieve long-term capital appreciation by investing in the Franklin India Floating Rate Daily Reinvestment Inc Dist cum Cap Wdrl scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Nov 2001, Franklin India Floating Rate Daily Reinvestment Inc Dist cum Cap Wdrl is Floating Rate fund of its category with 294.95 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- Franklin India Floating Rate Daily Reinvestment Inc Dist cum Cap Wdrl delivered 8.0% annual returns during the last year. It has delivered 2.9% average annual returns since the fund was launched.
- Franklin India Floating Rate Daily Reinvestment Inc Dist cum Cap Wdrl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
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 instrument and money market instruments.
Top 10 Holdings
7.93% Govt Stock 2033
26.57%
7.3% Govt Stock 2028
24.16%
7.04% Govt Stock 2029
10.34%
Bajaj Finance Limited
7.29%
Bharti Telecom Limited
6.93%
Mankind Pharma Ltd
6.91%
Ongc Petro Additions Ltd.
5.49%
7.53% Govt Stock 2034
5.17%
7.98% Govt Stock 2031
5.16%
Corporate Debt Market Development Fund Class A2
0.28%
Fund Managers
- Pallab Roy (Jul 2010 - Present)
- Rohan Maru (Oct 2024 - Present)
- Sandeep Manam (Oct 2021 - Present)
Key Information
View Scheme Document
Franklin India Floating Rate Daily Reinvestment Inc Dist cum Cap Wdrl SIP Calculator
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NRI Mutual Fund Tax on Franklin India Floating Rate Daily Reinvestment Inc Dist cum Cap Wdrl
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Franklin India Floating Rate Daily Reinvestment Inc Dist cum Cap Wdrl?
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 Floating Rate Daily Reinvestment Inc Dist cum Cap Wdrl
- 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
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Frequently Asked Questions
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