Franklin India Money Market Fund Direct Growth

Franklin India Money Market Fund Direct Growth

Debt

Franklin Templeton Mutual Fund

Money Market

Get the latest NAV of Franklin India Money Market Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹55.74

NAV as on 12 Aug 2026

7.45%/per year

Since Inception

Absolute Gain%

▲▼

42 people have invested ₹ 30.7L in Franklin India Money Market Fund in the last three months

Franklin India Money Market Fund Performance vs. Money Market Index

Fund returns vs Benchmark returns vs Category Average returns as on (12-Aug-26)

The fund has consistently outperformed the benchmark (Money Market Index) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.66%
1.92%
3.35%
6.47%
7.43%
6.58%
Money Market Index
0.62%
1.71%
2.92%
5.58%
6%
5.47%
Money Market Avg
0.58%
1.73%
2.99%
5.85%
6.89%
6.2%
Best in Money Market
0.66%
1.97%
3.64%
6.71%
7.56%
6.8%
Worst in Money Market
0.6%
1.76%
3.03%
6.31%
6.82%
6.4%
Category Rank
2/21
7/14
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Franklin India Money Market Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

1
/22
46% Performance
49% Risk Management
78% Cost

Ranked 1 out of 22 mutual funds in the money market category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Franklin India Money Market Fund
1/22
3,920Cr
0.12%
6.47%
7.43%
0.21
1.49
1.67
4.73
1.92
Tata Money Market Fund
2/22
34,138Cr
0.15%
6.59%
7.57%
0.35
1.47
1.99
6.11
2.93
LIC MF Money Market Fund
3/22
4,332Cr
0.16%
6.62%
6.83%
-0.31
1.40
0.64
1.62
-0.48
Axis Money Market Fund
4/22
17,973Cr
0.18%
6.56%
7.49%
0.26
1.48
1.82
5.62
2.44
See all

Franklin India Money Market Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Franklin India Money Market Fund Asset Allocation

See fund asset allocation details as on (14-Jul-26)

Fund Distribution

as on (14-Jul-26)

AAA
100%
Cash allocation has gone down from 97.5% to 97.2%
Cash allocation has gone down from 97.5% to 97.2%
Debt allocation has gone up from 2.3% to 2.6%
Debt allocation has gone up from 2.3% to 2.6%

Franklin India Money Market Fund Sector Allocation

See fund sector allocation details as on (14-Jul-26)

Sector Allocation

Cash Equivalent
46.8%
Corporate
33.5%
Government
19.6%

Top 3 Sectors in June were Financial Services, Corporate & Government

Jun'26

Financial Services

100%

Corporate

38%

Government

17%

May'26

Financial Services

100%

Corporate

41%

Government

15%

Franklin India Money Market Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.12%
Benchmark
Nifty Money Market TR INR
AUM₹3920 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹10,000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
246.81%
Risk
Risk meter
pointer
Low to Moderate Risk

About Franklin India Money Market Fund

Franklin India Money Market Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Rahul Goswami, Rohan Maru, Chandni Gupta. This fund is suitable to keep your money safe.

Key Parameters

  1. Franklin India Money Market Fund has ₹3920 Cr worth of assets under management (AUM) as on Jul 2026 and is more than category average.
  2. The fund has an expense ratio 0.1.

Returns

Franklin India Money Market Fund has given a CAGR return of 7.45% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.47%, 7.43% and 6.58% respectively.

Holdings

Franklin India Money Market Fund has allocated its funds majorly in Financial Services, Cash Equivalent, Corporate, Government. Its top holdings are 7.67% Uttarpradesh Sdl 2027, Bajaj Housing Finance Limited, Piramal Finance Limited, HDFC Bank Ltd, Canara Bank

Taxation

As it is a money market mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Franklin India Money Market Fund

To provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 10000.00 and for SIP is INR 500.00. Franklin India Money Market Fund has no lock in period.

Fund Manager

Rahul Goswami

Fund Manager of Franklin India Money Market Fund, since 6 October 2023

Rohan Maru

Fund Manager of Franklin India Money Market Fund, since 10 October 2024

Chandni Gupta

Fund Manager of Franklin India Money Market Fund, since 30 April 2024

Learn more about Franklin Templeton Mutual Fund
Parameters
Jun'26
May'26
Apr'26
AUM
₹ 4.4K Cr
₹ 4.4K Cr
₹ 4.3K Cr
  • AUM of the fund stands at 4.4K Cr as of Jun'26
  • AUM has remained same between Jun'26 and May'26

Frequently Asked Questions for Franklin India Money Market Fund Direct Growth

How do I invest in Franklin India Money Market Fund?

INDmoney makes it simple to invest in the Franklin India Money Market Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Franklin India Money Market Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Franklin India Money Market Fund?

The NAV of the fund today is ₹55.74. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Franklin India Money Market Fund fund has generated a return of 6.47% in 1 year, 7.43% in 3 years, 6.58% in 5 years.

Who is the fund manager of Franklin India Money Market Fund?

The fund managers are Rahul Goswami, Rohan Maru, Chandni Gupta.

What is the expense ratio of the fund?

The expense ratio is 0.12%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹3920 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Franklin India Money Market Fund?

The top 3 holdings of the fund are 7.67% Uttarpradesh Sdl 2027(9.58%), Bajaj Housing Finance Limited(7.11%), Piramal Finance Limited(6.41%)