Franklin India Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV: ₹ 44.4 as on 05-06-2023
Fund Performance
17 people have invested ₹ 2.2L in Franklin India Money Market Fund Direct Growth in the last three months
Fund Insights
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 6.99% return, outperforming Franklin India Money Market Fund Direct Growth by 0.34%
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 5.22% return, outperforming Franklin India Money Market Fund Direct Growth by 0.42% per annum
In the last 5 years, Aditya Birla Sun Life Money Manager Fund Direct Plan Growth has given 6.43% return, outperforming Franklin India Money Market Fund Direct Growth by 0.17% per annum
Franklin India Money Market Fund Direct Growth has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.09% which is lower than the category average expense ratio of 0.34%
Over the last 6 months, Franklin India Money Market Fund Direct Growth has experienced a 28.1% growth in AUM moving from 887.9 Cr to 1.13K Cr
About the 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 Pallab Roy, Umesh Sharma. This fund is suitable to keep your money safe.
Key Parameters
- Franklin India Money Market Fund Direct Growth has a NAV of ₹44.4 as on 05-06-2023.
- Franklin India Money Market Fund Direct Growth has ₹1138 Cr worth of assets under management (AUM) as on 30-04-2023 and is less than category average.
- The fund has an expense ratio 0.1.
Franklin India Money Market Fund Direct Growth Overview
 | 0.09% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹1138 Cr |
 | 1 January, 2013 |
 | ₹10000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 75.7% |
Fund Distribution as on (30-Apr-23)
Credit rating breakup
AAA
100%
Sector Allocation
Government
43.6%
Cash Equivalent
29.8%
Corporate
26.6%
Top Holdings of Franklin India Money Market Fund Direct Growth as on (31-May-23)
Debt Holdings19
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Call, Cash & Other Assets | 26.22% | 0% | |
182 DTB 02032023 | 5.47% | 0% | |
Chennai Petroleum Corporation Ltd | 4.57% | 0% | |
Export-Import Bank Of India | 4.54% | 0% | |
Tata Capital Financial Services Limited | 4.54% | 0% |
See all
Franklin India Money Market Fund Direct Growth: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at 0.49% whereas the fund’s underlying benchmark Money Market Index returns stands at 0.41% as on Apr'23
- This fund outperformed Money Market Index by 0.08% in Apr'23
AUM Change
- AUM of the fund stands at 1.1K Cr as of Apr'23
- AUM increased by 138.6 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Peer Analysis
Franklin India Money Market Fund Direct Growth Fund Manager
Pallab Roy
Fund Manager of Franklin India Money Market Fund Direct Growth, since 25 June 2008
Top funds managed
Umesh Sharma
Fund Manager of Franklin India Money Market Fund Direct Growth, since 25 October 2018
Top funds managed
Fund Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.46% since inception which is more than its category average return of 4.91%
AUM size ₹1138 Cr
This fund has AUM of ₹1138 Cr which is less than its category average of ₹ 5044 Cr
Expense Ratio 0.09%
This fund has an expense ratio of 0.09% which is less than its category average expense ratio of 0.34%
Frequently Asked Questions
The current NAV of Franklin India Money Market Fund Direct Growth is ₹44.39 as on 05-Jun-2023.
Existing (Absolute + CAGR) as on 05-Jun-2023.
Franklin India Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.69% | 0.69% |
6 Month Returns | 3.81% | 3.81% |
1 Year Returns | 6.65% | 6.65% |
3 Years Returns | 15.09% | 4.8% |
5 Years Returns | 35.51% | 6.27% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.09% as on May 2023
₹1138 Cr as on May 2023
Call, Cash & Other Assets(26.22%), 182 DTB 02032023(5.47%), Chennai Petroleum Corporation Ltd(4.57%), Export-Import Bank Of India(4.54%), Tata Capital Financial Services Limited(4.54%) as on May 2023
Government(42.37%), Cash Equivalent(31.97%), Corporate(25.67%) as on May 2023
Yield to Maturity is 7.34 as on May 2023. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 0.59 as on May 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Pallab Roy, Umesh Sharma are the fund managers of Franklin India Money Market Fund Direct Growth
The Exit load of Franklin India Money Market Fund Direct Growth is 0%