Franklin India Corporate Debt Fund
Franklin Templeton Mutual Fund · Best Corporate Bond Mutual Funds
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+8.11% 3Y CAGR)NAV history
Scorecard
★★★☆☆3/5 vs 58 Corporate Bond Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Corporate Bond Fund (same plan and option).
3Y CAGR +0.97% · ranks 26 of 58 Corporate Bond Funds
Volatility 6.9% vs 3.1% category avg
0.3% expense vs 0.3% category avg
73% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Low expense ratio (0.26%) vs the Corporate Bond Fund average of 0.33%
Concerns
- 1-year return (-1.07%) trails the Corporate Bond Fund average (+1.57%)
- 3-year return (+0.97%) trails the Corporate Bond Fund average (+2.67%)
- 5-year return (-0.22%) trails the Corporate Bond Fund average (+1.58%)
- Ranks #47 of 58 on 1-year return in its Corporate Bond Fund cohort
- More volatile than its Corporate Bond Fund peers (6.9% vs 3.1%)
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Corporate Bond Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (Corporate Bond Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.52% | +0.30% | +0.22% |
| 3M abs | +2.22% | +1.72% | +0.50% |
| 6M abs | -4.14% | +0.49% | -4.63% |
| 1Y CAGR | -1.07% | +1.57% | -2.64% |
| 3Y CAGR | +0.97% | +2.67% | -1.70% |
| 5Y CAGR | -0.22% | +1.58% | -1.80% |
Category average across peers in Corporate Bond Fund (57 of 58 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 58 peers in Corporate Bond Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
152 overlapping 1Y windows, sampled monthly across the fund’s history.
Worst falls, and the wait to get back
How far this fund has dropped from a high, and how long it took to reclaim it.
- -11.1%06 Mar 2020 → 28 Mar 2023
Still below that high — 3.1 years down, and no recovery yet.
- -7.4%28 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 02 Dec 2013 — 3 months under water after the low.
- -6.9%16 Mar 2018 → 19 Mar 2018
Fell over 3 days, back to the old high on 05 Mar 2019 — 12 months under water after the low.
Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | -3.42% | |
| 2025 | +2.70% | |
| 2024 | +1.23% | |
| 2023 | +0.18% | |
| 2022 | -2.87% | |
| 2021 | -2.20% | |
| 2020 | +1.82% | |
| 2019 | +2.27% | |
| 2018 | +0.62% | |
| 2017 | +1.38% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹1,308Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Franklin India Corporate Debt Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Franklin Templeton in the news
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Corporate Bond funds
Corporate bond funds lend mainly to high-rated companies (AA+ and above). They aim for a little more yield than government debt while keeping credit risk low.
Frequently asked questions
What is the NAV of Franklin India Corporate Debt Fund?
As of 20 Aug 2026, the NAV of Franklin India Corporate Debt Fund is ₹19.09 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Franklin India Corporate Debt Fund delivered?
Franklin India Corporate Debt Fund has returned -1.07% over 1 year, +0.97% per year over 3 years, -0.22% per year over 5 years and +2.41% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Franklin India Corporate Debt Fund?
Franklin India Corporate Debt Fund charges an expense ratio of 0.26% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Franklin India Corporate Debt Fund?
Its largest holdings are POONAWALLA FINCORP LIMITED SR G1 TR 1 7.55 NCD 25MR27 FVRS1LAC (6.0%), JAMNAGAR UTILITIES & POWER PRIVATE LIMITED SR PPD7 7.90 LOA 10AG28 FVRS1LAC (6.0%), SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IV 7.79 BD 19AP27 FVRS1LAC (5.8%), NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24E 7.80 BD 15MR27 FVRS1LAC (5.7%) and LIC HOUSING FINANCE LTD TR 442 7.9265 NCD 14JL27 FVRS1LAC (4.4%). Holdings are disclosed monthly and change over time.
How risky is Franklin India Corporate Debt Fund?
It is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 6.9% and its worst peak-to-trough fall in our sample was -11.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of -0.80 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Corporate Debt Fund's -0.80 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of Franklin India Corporate Debt Fund?
Franklin India Corporate Debt Fund is benchmarked against the Nifty Corporate Bond Index A-II. Its alpha and beta on this page are measured against that index.
Who manages Franklin India Corporate Debt Fund?
Franklin India Corporate Debt Fund is managed by Anuj Tagra, Chandni Gupta and Rahul Goswami at Franklin Templeton.
How is Franklin India Corporate Debt Fund taxed?
Franklin India Corporate Debt Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.