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
₹42.58
0.05%
NAV as on 06 Mar 26, 12:00 AM
low to moderate risk
floating rate
debt
NAV as on 06 Mar 26, 12:00 AM
low to moderate risk
floating rate
debt
7.97%p.a.
Last 1Y
7.85%p.a.
Last 3Y
6.36%p.a.
Last 5Y
6.00%p.a.
Since Inception
About Franklin India Floating Rate Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Franklin India Floating Rate Fund -Growth scheme from Franklin Templeton Asset Management (India) Private Limited. It is a Floating Rate mutual fund scheme that predominantly invests in Floating Rate stocks of companies. Launched on Apr 2001, Franklin India Floating Rate Fund -Growth is Floating Rate fund of its category with 286.29 Cr fund under management as on Mar 2026. The expense ratio of this fund is less than that of most other Fund category Floating Rate funds.
- Franklin India Floating Rate Fund -Growth delivered 8.0% annual returns during the last year. It has delivered 6.0% average annual returns since the fund was launched.
- Franklin India Floating Rate 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
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
Cash/Net Current Assets
2.83%
Cash Margin
43.66%
CENTRAL GOVERNMENT LOAN 20388 GOI 07DC31 FLT FV RS 100
5.42%
CENTRAL GOVERNMENT LOAN 23277 GOI 22SP33 FLT FV RS 100
23.99%
4.45% Government of India (30/10/2034)
3.61%
Others Class A2 AIF
0.36%
GOVERNMENT OF INDIA 35031 GOI 07OT34 6.79 FV RS 100
7.76%
BHARTI TELECOM LIMITED SR XXI 8.75 NCD 05NV29 FVRS1LAC
7.35%
6.99% TAMIL NADU SDL 26-MAR-31
7.75%
7.10% RAJASTHAN SDL 26-MAR-43
0.27%
Fund Managers
- Pallab Roy (Aug 2006 - Present)
- Sandeep Manam (Oct 2021 - Present)
- Rohan Maru (Oct 2024 - Present)
Key Information
View Scheme Document
Franklin India Floating Rate Fund -Growth SIP Calculator
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Fixed Deposit
NRI Mutual Fund Tax on Franklin India Floating Rate Fund -Growth
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 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 Floating Rate 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
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