Franklin India Money Market Fund Direct Growth
Franklin India Money Market Fund Direct Growth

Franklin India Money Market Fund Direct Growth

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Debt
Direct
Money Market

NAV: ₹ 44.4 as on 05-06-2023

Fund Performance
zero opening, trading, fund transfer fee
17 people have invested ₹ 2.2L in Franklin India Money Market Fund Direct Growth in the last three months

Fund Insights

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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%

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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

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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

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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%

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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

  1. Franklin India Money Market Fund Direct Growth has a NAV of ₹44.4 as on 05-06-2023.
  2. 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.
  3. The fund has an expense ratio 0.1.

Franklin India Money Market Fund Direct Growth Overview

Expense ratio
Expense ratio
0.09%
Benchmark
Benchmark
CRISIL Liquid Fund TR INR
AUM
AUM
₹1138 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%

Fund Distribution as on (30-Apr-23)

  • Debt & Cash 100%

Credit rating breakup

AAA
100%

Sector Allocation

Apr'23

Mar'23

Feb'23

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 & Cash

Debt Holdings19
Holdings
Weight%
1M Change
Call, Cash & Other Assets
Call, Cash & Other Assets
26.22%
0%
182 DTB 02032023
182 DTB 02032023
5.47%
0%
Chennai Petroleum Corporation Ltd
Chennai Petroleum Corporation Ltd
4.57%
0%
Export-Import Bank Of India
Export-Import Bank Of India
4.54%
0%
Tata Capital Financial Services Limited
Tata Capital Financial Services Limited
4.54%
0%

Franklin India Money Market Fund Direct Growth: Monthly Changes Updates

All changes are between Feb'23 and Apr'23

Fund Performance

Apr'23
Mar'23
Feb'23
Fund Returns
0.49%
0.49%
0.49%
Money Market Index
0.41%
0.41%
0.41%
  • 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

Parameters
Apr'23
Mar'23
Feb'23
AUM
₹ 1.1K Cr
₹ 998.9 Cr
₹ 1.1K Cr
  • 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

Franklin India Money Market Fund Direct Growth Fund Manager

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 Highlights

Risk meter
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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 7.46% since inception which is more than its category average return of 4.91%
AUM size ₹1138 Cr

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%

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%