I have invested in Franklin India Ultra Short Bond Fund Super Institutional Plan? Is the best time to exit?

Ultra-Short Duration funds are meant to provide quick liquidity which typically flows from their cash position and holdings in high-quality debt instruments such as AAA-rated securities.

Franklin India Ultra Short Bond Fund has very low holdings in high-quality bonds and other liquid assets (4.1% in AAA-rated papers). Moreover, the fund has been hit hard by its significant exposure to Vodafone-Idea. Therefore, we recommend to EXIT this scheme.