Franklin India's ultra-short rises more than two-fold on credit plays

The fund's exposure to less than AA papers stood at Rs 6,832 crore at the end of January, which was more than double the exposure at the end of August

Most debt schemes, particularly those dealing with short-term money, have turned cautious on lower-rated papers following tighter liquidity in the debt markets. However, Franklin India Ultra Short Bond Fund seems to be following a different strategy with its exposure to less than AA papers rising more than twofold, compared to August-end levels.
 
The data sourced from Value Research shows that the fund’s exposure to less than AA papers (rated A, A+ or A-) stood at Rs 6,832 crore at the end of January, which was more than double the exposure at the end of August, before the Infrastructure Leasing