Franklin India Money Market Fund Direct Growth

Franklin India Money Market Fund Direct Growth

Debt

Direct

Money Market

NAV as on 09-10-2024

₹ 48.99

Inception Returns

7.5%

/yr

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

  1. Franklin India Money Market Fund Direct Growth has ₹2060 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.

Returns

Franklin India Money Market Fund Direct Growth has given a CAGR return of 7.48% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.79%, 6.32% and 5.91% respectively.

Holdings

Franklin India Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Cash Equivalent, Government. Its top holdings are Canara Bank, Export-Import Bank Of India, Indian Bank, Axis Bank Limited, 364 DTB 31072025

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:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Franklin India Money Market Fund Direct Growth

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 Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
31 people have invested ₹ 6.2L in Franklin India Money Market Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.14%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹2060 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹10000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
222.82%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (09-Oct-24)

Period
Franklin India Money Market Fund Direct Growth
Money Market Index
1M
0.7%
0.5%
3M
1.9%
1.4%
6M
3.8%
3%
1Y
7.8%
6.6%
3Y
6.3%
5.8%
5Y
5.9%
5.4%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Aug'24

Jul'24

Jun'24

Corporate
44.8%
Cash Equivalent
40.3%
Government
14.9%
All changes are between Oct'69 and Dec'69
Parameters
Aug'24
Jul'24
Jun'24
AUM
₹ 1.9K Cr
₹ 1.9K Cr
₹ 1.5K Cr
  • AUM of the fund stands at 1.9K Cr as of Aug'24
  • AUM has remained same between Aug'24 and Jul'24
Cash allocation has gone down from 63.2% to 61%
Cash allocation has gone down from 63.2% to 61%
Debt allocation has gone up from 36.6% to 38.8%
Debt allocation has gone up from 36.6% to 38.8%

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

Aug'24
Financial Services
100%
Corporate
45%
Government
15%
Jul'24
Financial Services
100%
Corporate
44%
Government
16%
  • Debt & Cash

Holdings
Weight%
1M Change
Canara Bank
Canara Bank
5.76%
0%
Export-Import Bank Of India
Export-Import Bank Of India
4.63%
0%
Indian Bank
Indian Bank
4.61%
0%
Axis Bank Limited
Axis Bank Limited
4.53%
0%
364 DTB 31072025
364 DTB 31072025
4.51%
100%
Loading...
We are taking more time than usual
Pallab Roy
Pallab Roy
Fund Manager of Franklin India Money Market Fund Direct Growth, since 25 June 2008
Umesh Sharma
Umesh Sharma
Fund Manager of Franklin India Money Market Fund Direct Growth, since 25 October 2018
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total AUM
₹1.13L Cr
as on 31-Aug-2024
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+912267519100
Website
service@templeton.com

Mutual Fund Insights

Insights icon
Over the last 3 months, this fund has experienced a 26.5% growth in AUM moving from 1.62K Cr to 2.06K Cr.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 8% return, outperforming this fund by 0.21%.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.61% return, outperforming this fund by 0.3% per annum.
Insights icon
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.14% 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 6.21% return, outperforming this fund by 0.3% per annum.

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 7.48% since inception which is more than its category average return of 5.3%
AUM size ₹0 Cr

AUM size ₹0 Cr

This fund has AUM of ₹0 Cr which is less than its category average of ₹ 9143 Cr
Expense Ratio 0.14%

Expense Ratio 0.14%

This fund has an expense ratio of 0.14% which is less than its category average expense ratio of 0.35%

Frequently Asked Questions

The current NAV of Franklin India Money Market Fund Direct Growth is ₹48.99 as on 09-Oct-2024.
Existing (Absolute + CAGR) as on 09-Oct-2024.
Franklin India Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
3.75%
3.75%
1 Year Returns
7.79%
7.79%
3 Years Returns
20.17%
6.32%
5 Years Returns
33.27%
5.91%
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.
0.14% as on September 2024
₹2060 Cr as on September 2024
Canara Bank(5.76%), Export-Import Bank Of India(4.63%), Indian Bank(4.61%), Axis Bank Limited(4.53%), 364 DTB 31072025(4.51%) as on September 2024
Corporate(44.25%), Cash Equivalent(41.02%), Government(14.73%) as on September 2024
Yield to Maturity is 7.54 as on September 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 0.51 as on September 2024. 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%