HealthyDirect · GrowthFit for a long SIP
Franklin India Banking & PSU Debt Fund
Franklin Templeton Mutual FundDebt Scheme - Banking and PSU Fund12.5 years
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).
- NAV
- 25.3096
- 29 Oct 2026
- 1Y
- +5.4%
- Trailing CAGR
- AUM
- ₹565.39 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.7% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
12.5 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.23% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -3.6%. Ask whether you can hold through a similar fall.
Vs category
Fail
31% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Anuj Tagra · 2.7 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 59.4% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+5.4%
- 3Y+7.3%
- 5Y+6.4%
- 10Y+7.2%
- SI+7.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.1%
- 3Y+6.7%
- 5Y+6.9%
- 10Y+6.9%
- Since inception
- +7.7%
- Calendar-day CAGR
- Excess 1Y
- +1.4%
- Category median, same plan and option
- 3Y win rate
- +31%
- Windows beating the median
- 3Y percentile
- 100
- Vs comparable share classes
- SIP 3Y XIRR
- +6.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.7%
- 2305 daily-ending windows
- Median rolling 3Y
- +7.8%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1821 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -3.6%
- Worst peak-to-trough
- Current
- -0.2%
- Below last peak
- Current spell
- 24 days
- Days below latest peak
- Time below peak
- +46%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 4 days
- 335 recovered episodes
- Longest recovery
- 58 days
- Trough to prior peak
6 Mar 2020 – 20 Apr 2020
Trough 23 Mar 2020 · recovered in 28 days
-3.6%
25 Nov 2016 – 12 Jan 2017
Trough 28 Dec 2016 · recovered in 15 days
-1.4%
9 Apr 2018 – 4 Jul 2018
Trough 17 May 2018 · recovered in 48 days
-1.2%
7 Feb 2017 – 30 Mar 2017
Trough 10 Mar 2017 · recovered in 20 days
-1.1%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
100
Vs category
59
Consistency
34
Risk-adjusted
79
Drawdown
91
Mean
72
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 37 holdings · top 10 are 59.4%.
- Top 5
- 37.3%
- Top 10
- 59.4%
- Largest holding
- 15.9%
- Effective holdings
- 15.4
Cash Margin
Unspecified
15.9%
Cash/Net Current Assets
Unspecified
5.8%
INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED 7.56 NCD 20MR28 FVRS1LAC
Industrials
5.5%
STATE DEVELOPMENT LOAN 37162 MH 04MR47 7.66 FV RS 100
Unspecified
5.4%
AXIS BANK LIMITED SR 5 7.65 NCD 30JN27 FVRS10LAC
Financial
4.7%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
HDFC Banking and PSU Debt Fund
HDFC Mutual Fund
- 1Y
- +3.4%
- 3Y
- +6.7%
- Vol
- 1.6%
- Max DD
- -3.1%
- Sharpe
- 1.12
- 3Y win
- +48%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
ITI Banking & PSU Debt Fund
ITI Mutual Fund
- 1Y
- +4.0%
- 3Y
- +6.8%
- Vol
- 0.8%
- Max DD
- -1.1%
- Sharpe
- 0.20
- 3Y win
- +48%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Lower trailing returns
Kotak Banking and PSU Debt Fund
Kotak Mahindra Mutual Fund
- 1Y
- +4.0%
- 3Y
- +7.0%
- Vol
- 1.5%
- Max DD
- -2.8%
- Sharpe
- 1.35
- 3Y win
- +82%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Higher TER · Lower trailing returns
Aditya Birla Sun Life Banking & PSU Debt Fund - Retail Plan
Aditya Birla Sun Life Mutual Fund
- 1Y
- +4.5%
- 3Y
- +6.8%
- Vol
- n/a
- Max DD
- -3.1%
- Sharpe
- n/a
- 3Y win
- n/a
- Shallower drawdown
Caveat: Lower trailing returns