Franklin India Money Market Fund Direct Growth

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

1. Franklin India Money Market Fund Direct Growth has ₹3472 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.1.
   

Franklin India Money Market Fund Direct Growth has given a CAGR return of 7.54% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.34%, 7.54% and 6.02% respectively.

Franklin India Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are Export-Import Bank Of India, 364 Days Tbill (Md 05/03/2026), HDFC Bank Limited, Small Industries Development Bank Of India, 364 Days Tbill Red 12-03-2026

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.

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

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