I want to invest for 4-5 years. Confused in below funds. Please suggest best one.
 ABSL Floating Rate Fund ‘OR’  Franklin India Savings fund
Go with ABSL Floating Rate Fund as the modified duration, average maturity and expense ratio is less than Franklin Fund.
Investment instruments are subjective to individual investments goals, and hence, there is no fixed instrument that might meet everyone’s needs. A debt fund can be proven right or wrong for you depending upon how well it meets your investment objectives, while also taking care of your risk appetite.
Here’s how you can assess if a debt fund is suitable for you or not:
Investment Horizon: It refers to the time period for which you wish to stay invested in a debt fund, it could be as short as a day and as long as 10-20 years. Overnight funds feature the shortest average maturity, i.e. of 1 business day. On the other hand, debt funds holding securities with long average maturity periods include long-duration funds and gilt funds.
Risk Appetite: While all debt schemes feature interest rate risk, credit risk, and inflation risk, the degree of risk varies from fund to fund. Liquid funds and overnight funds carry the least amount of interest rate risk, a gilt fund features the least amount of credit risk. Read more about the risks associated with debt funds.
Interest Rate Trend: During an upward trend in interest rates, it is wiser to invest in short duration funds rather than long-duration funds. This is because, with increasing interest rates, the modified duration of long duration debt funds will be higher. Similarly, longer duration debt funds are favourable in times of declining interest rates.