Franklin India Floating Rate Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026

Franklin India Floating Rate Fund has 4 plan/option variants. Representative NAV Rs 47.8209 (20-Jul-2026). Category Floater Fund. Risk Low to Moderate.

Franklin India Floating Rate Fund is a floater fund offered by Franklin Templeton Mutual Fund, available in Direct and Other Plans across Growth, IDCW. The scheme aims to generate income by investing at least 65% of assets in floating rate instruments including fixed rate instruments converted to floating rate using swaps, thereby reducing the portfolio’s sensitivity to interest rate changes compared with traditional fixed rate debt funds. With multiple variants, Franklin India Floating Rate Fund lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews Franklin India Floating Rate Fund across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

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Franklin India Floating Rate Fund Plans and Options Available

Franklin India Floating Rate Fund is offered across 4 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Scheme Code	Plan	Option	ISIN (Growth / Payout)	ISIN (Reinvestment)	NAV (Rs)	NAV Date
118508	Direct Plan	Growth	INF090I01LK1	–	47.8209	20-Jul-2026
118507	Direct Plan	IDCW	INF090I01LL9	–	10.0697	20-Jul-2026
101048	Other Plan	Growth	INF090I01LM7	–	43.4817	20-Jul-2026
101044	Other Plan	IDCW	INF090I01LN5	–	10.171	20-Jul-2026

Investment Objective and Portfolio Approach

Franklin India Floating Rate Fund seeks to generate income by investing at least 65% of assets in floating rate instruments including fixed rate instruments converted to floating rate using swaps, thereby reducing the portfolio’s sensitivity to interest rate changes compared with traditional fixed rate debt funds.

In terms of portfolio construction, the scheme holds at least 65% in floating rate instruments or fixed rate instruments converted to floating rate via interest rate swaps, with the rest in short to medium term fixed income securities, targeting lower interest rate risk than conventional debt funds.

Franklin India Floating Rate Fund Performance and Returns

Franklin India Floating Rate Fund has delivered returns that are dependent on the fund manager’s portfolio decisions, market conditions and the expense ratio differential between plans; investors should check the latest factsheet for current figures. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in Franklin India Floating Rate Fund

The Direct Plan of Franklin India Floating Rate Fund is available for investors transacting directly with the AMC or through a registered investment advisor, and carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in Franklin India Floating Rate Fund

The Growth option of Franklin India Floating Rate Fund reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of Franklin India Floating Rate Fund distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of Franklin India Floating Rate Fund is not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, while the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. This is the annual fee deducted from the scheme’s assets.

The exit load on Franklin India Floating Rate Fund is typically Nil or a very small exit load for very short holding periods; investors should confirm in the scheme information document.

Who Should Consider Franklin India Floating Rate Fund

Conservative income seekers. The scheme suits investors looking for stable income with lower volatility than equity funds.

Medium term investors. A holding period matching the scheme’s duration target is generally advisable for the scheme.

Investors stepping down risk. The scheme can be suitable for investors shifting from equity to debt as they approach a financial goal.

Key Risks in the scheme

Interest rate risk. The NAV of the scheme is sensitive to changes in interest rates and benchmark yields.

Credit risk. Debt holdings carry issuer credit risk, and any downgrade or default in the portfolio can affect NAV.

Reinvestment risk. Maturing bonds may need to be reinvested at lower yields in a falling interest rate environment.

How to Invest in Franklin India Floating Rate Fund

Investors evaluating Franklin India Floating Rate Fund should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in Franklin India Floating Rate Fund can be made as a lump sum or through a Systematic Investment Plan of at least Rs 1,000 lump sum for most floater funds, followed by regular monitoring of NAV and portfolio composition at least quarterly.

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Conclusion

Franklin India Floating Rate Fund is a floater fund scheme from Franklin Templeton Mutual Fund available across 4 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 47.8209 for the Direct Plan Growth option as on 20-Jul-2026 reflects the scheme’s performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Frequently Asked Questions on Franklin India Floating Rate Fund

What plans and options are available in Franklin India Floating Rate Fund?

Ans. Franklin India Floating Rate Fund is available in Direct and Other Plans and Growth, IDCW, giving investors 4 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of Franklin India Floating Rate Fund?

Ans. The latest NAV of the Direct Plan Growth option of Franklin India Floating Rate Fund is Rs 47.8209 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of Franklin India Floating Rate Fund?

Ans. The primary objective of Franklin India Floating Rate Fund is to generate income by investing at least 65% of assets in floating rate instruments including fixed rate instruments converted to floating rate using swaps, thereby reducing the portfolio’s sensitivity to interest rate changes compared with traditional fixed rate debt funds.

What is the difference between the Direct and Regular Plan in Franklin India Floating Rate Fund?

Ans. The Direct Plan of Franklin India Floating Rate Fund carries lower than the Regular Plan of the same scheme, since it excludes distributor commission, excluding distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of Franklin India Floating Rate Fund?

Ans. The Regular Plan of Franklin India Floating Rate Fund carries an expense ratio of not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, and the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on Franklin India Floating Rate Fund?

Ans. The exit load on Franklin India Floating Rate Fund is typically Nil or a very small exit load for very short holding periods; investors should confirm in the scheme information document. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in Franklin India Floating Rate Fund?

Ans. Franklin India Floating Rate Fund can suit investors whose financial goals, risk appetite and investment horizon align with the floater fund category. Consult a SEBI registered advisor to assess personal suitability.

Is Franklin India Floating Rate Fund a good investment?

Ans. Franklin India Floating Rate Fund can be appropriate for investors who understand the floater fund category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.