Franklin India Banking & PSU Debt Fund Direct-Growth

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹24.3179-0.03% 1 day change	7.83% p.a.	App exclusive #NA View Ranked Funds	₹485 Cr

Historical NAV & returns

NAV: ₹24.3179 as on Feb 02, 2026

This fund Category average

Franklin India Banking & PSU Debt Fund overview

Expense ratio	0.19% as on Jan 31, 2026
Exit load	0%
AUM (Fund size)	₹485 Cr
Lock-in Period	Nil
Age	11 yrs 10 m since Apr 02, 2014
Benchmark	Nifty Banking & PSU Debt Index A-II
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Franklin India Banking & PSU Debt Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	0.19%	0.01%
3 Months	0.94%	0.59%
6 Months	2.61%	1.83%
1 Year	7.67%	6.91%
2 Years	7.81%	7.55%
3 Years	7.66%	7.53%
4 Years	6.82%	6.72%
5 Years	6.35%	6.23%
7 Years	7.37%	7.24%
10 Years	7.56%	7.38%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 65.12156726%

SOV 21.03291888%

A1+ 8.16246203%

AA 3.75953011%

Top Debt Holdings

Small Industries Devp. Bank of India Ltd. 7.4%

Uttarakhand State 7.19%

REC Ltd. 6.98%

GOI 6.85%

Allocation by Instruments

Debenture 35.16618844%

Cash Margin 28.88121292%

Non Convertible Debenture 14.259975260000001%

State Development Loan 14.17787032%

Other Holdings

Others 0.42%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Franklin India Banking & PSU Debt Fund	0.19%	2.61%	7.67%	7.66%	6.35%	7.56%
ITI Banking & PSU Debt Fund	0.18%	2.08%	6.82%	7.35%	6.46%	3.25%
ICICI Prudential Banking & PSU Debt Fund	0.0%	2.19%	7.23%	7.78%	6.68%	7.79%
Axis Banking & PSU Debt Fund	-0.01%	1.88%	6.96%	7.27%	6.11%	7.39%
Bandhan Banking and PSU Fund	0.08%	1.86%	6.69%	7.26%	6.12%	7.34%
Kotak Banking and PSU Debt Fund	0.01%	2.1%	7.26%	7.73%	6.52%	7.74%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Franklin India Banking & PSU Debt Fund	0.94	1.01	1.43	2.32
ITI Banking & PSU Debt Fund	0.87	0.97	1.13	1.95
ICICI Prudential Banking & PSU Debt Fund	0.94	1.09	1.54	2.06
Axis Banking & PSU Debt Fund	1.08	1.31	0.88	1.33
Bandhan Banking and PSU Fund	1.0	1.23	0.93	1.47
Kotak Banking and PSU Debt Fund	1.24	1.35	1.13	1.72

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Franklin India Banking & PSU Debt Fund	N.A.	485 Cr	11 yrs 10 m	0.19%
ITI Banking & PSU Debt Fund	N.A.	37 Cr	5 yrs 3 m	0.15%
ICICI Prudential Banking & PSU Debt Fund	N.A.	9,728 Cr	13 yrs 1 m	0.39%
Axis Banking & PSU Debt Fund	N.A.	13,574 Cr	13 yrs 1 m	0.34%
Bandhan Banking and PSU Fund	N.A.	12,651 Cr	12 yrs 11 m	0.36%
Kotak Banking and PSU Debt Fund	N.A.	5,608 Cr	13 yrs 1 m	0.4%

View all Banking And Psu funds

Key risk & return ratios Compared to other funds in the category

Alpha	3.24 vs. 3.52 Underperformed at beating benchmark
Sharpe	1.43 vs. 4.03 Poor risk-adjusted returns
Beta	1.01 vs. 1.32 Less sensitive to market ups & downs
Standard deviation	0.94 vs. 1.13 More stable returns

About this fund

About Franklin India Banking & PSU Debt Fund

Franklin India Banking & PSU Debt Fund Direct-Growth is a Banking and PSU mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been in existence for 11 yrs 10 m, having been launched on 02/04/2014. Franklin India Banking & PSU Debt Fund Direct-Growth has ₹485 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Franklin India Banking & PSU Debt Fund Direct-Growth as of 02/02/2026 is ₹24.32. The fund has an expense ratio of 0.19%, which is less than what most other Banking And Psu funds charge.

Franklin India Banking & PSU Debt Fund Direct-Growth returns of last 1-year are 7.86%. Since launch, it has delivered 7.83% average annual returns. The fund has doubled the money invested in it every 10 yrs.
Franklin India Banking & PSU Debt Fund Direct-Growth scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is high.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Small Industries Devp. Bank of India Ltd., Uttarakhand State, REC Ltd., GOI, India Infrastructure Finance Company Ltd..

...

Fund AUM	485 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Anuj Tagra

Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies Prior to joining Franklin India Mutual Fund, he has worked with ICICI Prudential AMC, Union Bank of India and Fidelity Investments.

Chandni Gupta

She 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.

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).

Franklin Templeton Mutual Fund details

No. of schemes	34 view all schemes
Total AUM	1,28,113 Cr as on Dec 31, 2025
Address	Unit No.202/203/204, 2nd Floor Dalamal Tower, Plot No. 211 Free Press Journal Marg, Nariman Point Mumbai, 400013
Phone	1800-425-4255 / 60004255

More funds from Franklin Templeton Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Franklin India Floating Rate Fund	N.A.	305 Cr	8.35%	8.49%
Franklin India Money Market Fund	N.A.	3,830 Cr	7.35%	7.56%
Franklin India Liquid Fund	N.A.	2,640 Cr	6.5%	7.02%
Franklin India Government Securities Fund	N.A.	187 Cr	5.01%	6.35%
Franklin India Overnight Fund	N.A.	471 Cr	5.7%	6.35%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Franklin India Banking & PSU Debt Fund Direct-Growth?

The current Net Asset Value (NAV) of the Franklin India Banking & PSU Debt Fund - Direct Growth plan is approximately ₹24.3179 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Franklin India Banking & PSU Debt Fund Direct-Growth is a 11 yrs 10 m old fund and has delivered average annual returns of 7.83% since inception.

Franklin India Banking & PSU Debt Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.67%	7.66%	6.35%	7.56%	7.83%

How much does this mutual fund charge as expense ratio?

The Franklin India Banking & PSU Debt Fund - Direct Growth has an expense ratio of 0.19%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Franklin India Banking & PSU Debt Fund currently has assets under management (AUM) or fund size valued at approximately 485 Cr as on Dec 31, 2025.

To whom does Franklin India Banking & PSU Debt Fund lend to?

The top 3 debt holdings of Franklin India Banking & PSU Debt Fund are as follows

Holding Name	Percentage of Portfolio
Small Industries Devp. Bank of India Ltd.	7.4%
Uttarakhand State	7.19%
REC Ltd.	6.98%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Franklin India Banking & PSU Debt Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	65.12156726%
SOV	21.03291888%
A1+	8.16246203%

What is risk level of Franklin India Banking & PSU Debt Fund?

This is a Banking And Psu fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Franklin India Banking & PSU Debt Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Franklin India Banking & PSU Debt Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Franklin India Banking & PSU Debt Fund is complete.

How can I redeem my investments in Franklin India Banking & PSU Debt Fund?

Redeeming your investments in the Franklin India Banking & PSU Debt Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Banking and PSU

#NA

Return Outperformance: This fund has generated highest return amongst Banking and PSU funds in the last 10 Years.
Expense Ratio: This fund has the 2nd lowest expense ratio amongst actively/passively managed Banking and PSU funds.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.