Franklin India Government Securities Fund Direct-Growth

Q: What are the returns of Franklin India Government Securities Fund?

The Franklin India Government Securities Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 7.4% since inception. Franklin India Government Securities Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 11.14% 7.16% 5.57% 6.79% 7.4%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹64.6506+0.19% 1 day change	7.4% p.a.	#NA View Ranked Funds	3

Historical NAV & returns

NAV: ₹64.6506 as on Apr 23, 2025

This fund Category average

Franklin India Government Securities Fund overview

VRO rating	3
Expense ratio	0.6% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹150 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	NIFTY All Duration G-Sec
Min. investment	SIP ₹500 & Lump. ₹10000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Franklin India Government Securities 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 Apr 24, 2025

Period	This fund	Category average
1 month	2.69%	3.01%
3 months	4.21%	4.56%
6 months	6.1%	6.17%
1 year	11.14%	12.58%
3 years	7.16%	8.65%
5 years	5.57%	6.99%
7 years	6.98%	8.39%
10 years	6.79%	8.16%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

SOV 87.82744918%

Cash & Call Money 12.17255074%

Top Debt Holdings

GOI 45.33%

West Bengal State 10.43%

Haryana State 9.62%

Himachal Pradesh State 6.73%

Allocation by Instruments

GOI Securities 45.334730009999994%

State Development Loan 42.49271917%

Cash/Net Current Assets 12.17255074%

Other Holdings

Others 12.17%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Franklin India Government Securities Fund	N.A.	₹150 Crs	12 yrs 3 m	0.6%
SBI Magnum Gilt Fund	N.A.	₹11,489 Crs	12 yrs 3 m	0.46%
PGIM India Gilt Fund	N.A.	₹116 Crs	12 yrs 3 m	0.5%
DSP Gilt Fund	N.A.	₹1,566 Crs	12 yrs 3 m	0.56%
LIC MF Gilt Fund	N.A.	₹87 Crs	12 yrs 3 m	0.75%
Edelweiss Government Securities Fund	N.A.	₹171 Crs	11 yrs 2 m	0.51%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Franklin India Government Securities Fund	2.69%	6.1%	11.14%	7.16%	5.57%	6.79%
SBI Magnum Gilt Fund	3.21%	6.31%	12.84%	9.17%	7.51%	8.77%
PGIM India Gilt Fund	2.97%	6.12%	12.88%	8.65%	7.08%	7.89%
DSP Gilt Fund	3.35%	6.29%	13.67%	9.19%	7.56%	8.69%
LIC MF Gilt Fund	3.23%	6.31%	12.35%	8.09%	6.53%	7.86%
Edelweiss Government Securities Fund	3.11%	6.18%	12.69%	8.63%	7.85%	8.4%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Franklin India Government Securities Fund	1.65	0.43	0.0	-0.01
SBI Magnum Gilt Fund	2.37	0.63	0.79	1.41
PGIM India Gilt Fund	2.29	0.64	0.6	1.12
DSP Gilt Fund	2.86	0.79	0.62	1.18
LIC MF Gilt Fund	2.47	0.67	0.31	0.64
Edelweiss Government Securities Fund	2.65	0.77	0.5	0.96

View all Gilt funds

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

Alpha	-0.76 vs. 2.41 Underperformed at beating benchmark
Sharpe	0.0 vs. 2.08 Poor risk-adjusted returns
Beta	0.43 vs. 0.69 Less sensitive to market ups & downs
Standard deviation	1.65 vs. 2.05 More stable returns

Compare Franklin India Government Securities Fund in detail with

About this fund

About Franklin India Government Securities Fund

Franklin India Government Securities Fund Direct-Growth is a Gilt mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. Franklin India Government Securities Fund Direct-Growth has ₹150 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Franklin India Government Securities Fund Direct-Growth as of 23/04/2025 is ₹64.65. The fund has an expense ratio of 0.6%, which is close to what most other Gilt funds charge.

Franklin India Government Securities Fund Direct-Growth returns of last 1-year are 11.10%. Since launch, it has delivered 7.40% average annual returns. The fund has doubled the money invested in it every 11 yrs.
Franklin India Government Securities Fund Direct-Growth scheme's ability to deliver returns consistently is lower than most funds of its category. Its ability to control losses in a falling market is low.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. 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 GOI, West Bengal State, Haryana State, Himachal Pradesh State, Kerala State.

...

Fund AUM	₹150 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Rahul Goswami

Mr. Goswami is a B. Sc (Mathematics and MBA (Finance) Prior to joining Franklin Templeton Mutual Fund, he has worked with ICICI Prudential AMC , UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.

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.

Investment objective

The Scheme seeks to generate return through investments in sovereign securities issued by the Central Government and / or a State Government and / or any security unconditionally guaranteed by the central Government and / or State Government for repayment of Principal and Interest.

Franklin Templeton Mutual Fund details

No. of schemes	34 view all schemes
Total AUM	₹1,08,219 Crs as on Mar 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 (in Crs.)	1Y	3Y
Franklin India Floating Rate Fund	N.A.	₹314 Crs	10.24%	8.3%
Franklin India Banking & PSU Debt Fund	N.A.	₹547 Crs	9.34%	7.23%
Franklin India Money Market Fund	N.A.	₹2,547 Crs	8.18%	7.19%
Franklin India Liquid Fund	N.A.	₹2,002 Crs	7.42%	6.89%
Franklin India Overnight Fund	N.A.	₹421 Crs	6.54%	6.29%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Franklin India Government Securities Fund?

The current Net Asset Value (NAV) of the Franklin India Government Securities Fund - Direct Growth plan is approximately ₹64.6506 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Franklin India Government Securities Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 7.4% since inception.

Franklin India Government Securities Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
11.14%	7.16%	5.57%	6.79%	7.4%

How much does this mutual fund charge as expense ratio?

The Franklin India Government Securities Fund - Direct Growth has an expense ratio of 0.6%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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

The Franklin India Government Securities Fund currently has assets under management (AUM) or fund size valued at approximately ₹150 Crs crore as of Mar 31, 2025.

To whom does Franklin India Government Securities Fund lend to?

The top 3 debt holdings of Franklin India Government Securities Fund are as follows

Holding Name	Percentage of Portfolio
GOI	45.33%
West Bengal State	10.43%
Haryana State	9.62%

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 Government Securities Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
SOV	87.82744918%
Cash & Call Money	12.17255074%

What is risk level of Franklin India Government Securities Fund?

This is a Gilt 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 Government Securities Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

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 Government Securities Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Franklin India Government Securities Fund is complete.

How can I redeem my investments in Franklin India Government Securities Fund?

Redeeming your investments in Franklin India Government Securities Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Franklin India Government Securities Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Gilt

#NA

Age: This is the 2nd oldest Gilt fund.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.