Franklin India Money Market Fund Direct Growth

Franklin India Money Market Fund Direct Growth

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Debt
Direct
Money Market
NAV: ₹ 47.62 as on 24-05-2024

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 Umesh Sharma, Pallab Roy. This fund is suitable to keep your money safe.

Key Parameters

  1. Franklin India Money Market Fund Direct Growth has ₹1511 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.1.
Fund Performance
zero opening, trading, fund transfer fee
39 people have invested ₹ 64.6L in Franklin India Money Market Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.13%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹1511 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹10000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
75.7%

Franklin India Money Market Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
45.6%
Cash Equivalent
38.6%
Government
15.8%

Top Holdings of Franklin India Money Market Fund Direct Growth as on (30-Apr-24)

  • Debt & Cash

Debt Holdings26
Holdings
Weight%
1M Change
364 DTB 05122024
364 DTB 05122024
7.87%
0%
Bank Of Baroda
Bank Of Baroda
6.34%
100%
Indian Bank
Indian Bank
6.16%
0%
Kotak Mahindra Bank Ltd.
Kotak Mahindra Bank Ltd.
4.78%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
4.67%
0%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 1.4K Cr
₹ 1.4K Cr
₹ 1.6K Cr
  • AUM of the fund stands at 1.4K Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 11.7% drop in AUM moving from 1.71K Cr to 1.51K Cr.
Insights icon
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.13% which is lower than the category average expense ratio of 0.33%.
Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.26% return, outperforming this fund by 0.23% per annum.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.72% return, outperforming this fund by 0.23%.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.13% return, outperforming this fund by 0.31% per annum.

Fund Manager

Umesh Sharma
Umesh Sharma
Fund Manager of Franklin India Money Market Fund Direct Growth, since 25 October 2018
Pallab Roy
Pallab Roy
Fund Manager of Franklin India Money Market Fund Direct Growth, since 25 June 2008

Franklin India Money Market Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.47% since inception which is more than its category average return of 4.96%
AUM size ₹1511 Cr

AUM size ₹1511 Cr

This fund has AUM of ₹1511 Cr which is less than its category average of ₹ 7131 Cr
Expense Ratio 0.13%

Expense Ratio 0.13%

This fund has an expense ratio of 0.13% 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 ₹47.62 as on 24-May-2024.
Existing (Absolute + CAGR) as on 24-May-2024.
Franklin India Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.57%
0.57%
6 Month Returns
3.85%
3.85%
1 Year Returns
7.49%
7.49%
3 Years Returns
18.49%
5.82%
5 Years Returns
34.02%
6.03%
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.
0.13% as on April 2024
₹1511 Cr as on April 2024
364 DTB 05122024(7.87%), Bank Of Baroda(6.34%), Indian Bank(6.16%), Kotak Mahindra Bank Ltd.(4.78%), National Bank For Agriculture And Rural Development(4.67%) as on April 2024
Corporate(45.2%), Cash Equivalent(39.13%), Government(15.67%) as on April 2024
Yield to Maturity is 7.56 as on April 2024. 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 0.68 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Umesh Sharma, Pallab Roy 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%