Franklin India Overnight Fund Direct Growth

Franklin India Overnight Fund Direct Growth

Debt

Direct

Overnight

NAV as on 01-12-2024

₹ 1303.66

Inception Returns

4.9%

/yr

About Franklin India Overnight Fund Direct Growth

Franklin India Overnight Fund Direct Growth is a debt fund. This fund was started on 10 May, 2019. The fund is managed by Pallab Roy, Umesh Sharma. This fund is suitable to keep your money safe.

Key Parameters

  1. Franklin India Overnight Fund Direct Growth has ₹425 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 Overnight Fund Direct Growth has given a CAGR return of 4.88% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.67%, 5.88% and 4.83% respectively.

Holdings

Franklin India Overnight Fund Direct Growth has allocated its funds majorly in Cash Equivalent. Its top holdings are 182 DTB 18112024, 91 DTB 28112024, 364 DTB 12122024

Taxation

As it is a overnight 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 Overnight Fund Direct Growth

The Scheme intends to provide reasonable income along with high liquidity by investing in overnight securities having maturity of 1 business day.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Franklin India Overnight Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

Franklin India Overnight Fund Direct Growth Overview

Expense ratio0.1%
Benchmark
CRISIL Liquid Fund TR INR
AUM₹425 Cr
Inception Date10 May, 2019
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
344.33%
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 (01-Dec-24)

Period
Franklin India Overnight Fund Direct Growth
Overnight Index
1M
0.5%
-
3M
1.6%
-
6M
3.2%
-
1Y
6.7%
-
3Y
5.9%
-
5Y
4.8%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 100%

AAA
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

Cash Equivalent
100%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 344.7 Cr
₹ 476.6 Cr
₹ 324.8 Cr
  • AUM of the fund stands at 344.7 Cr as of Oct'24
  • AUM decreased by 131.9 Cr between Oct'24 and Sep'24
  • Debt & Cash

Holdings
Weight%
1M Change
91 DTB 28112024
91 DTB 28112024
1.17%
0%
364 DTB 12122024
364 DTB 12122024
1.17%
0%
182 DTB 18112024
182 DTB 18112024
1.17%
0%
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Pallab Roy
Pallab Roy
Fund Manager of Franklin India Overnight Fund Direct Growth, since 10 May 2019
Umesh Sharma
Umesh Sharma
Fund Manager of Franklin India Overnight Fund Direct Growth, since 10 May 2019
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total AUM
₹1.17L Cr
as on 31-Oct-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

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In the last 5 years, Mirae Asset Overnight Fund Direct Growth has given 4.96% return, outperforming this fund by 0.14% per annum.
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This fund expense ratio is slightly on the lower side within the category (overnight). Its expense ratio is 0.1% which is lower than the category average expense ratio of 0.12%.
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In the last 3 years, Axis Overnight Fund Direct Growth has given 5.98% return, outperforming this fund by 0.09% per annum.
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In the last 1 year, Axis Overnight Fund Direct Growth has given 6.76% return, outperforming this fund by 0.09%.
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Over the last 3 months, this fund has experienced a 36.1% growth in AUM moving from 312.35 Cr to 425.23 Cr.

Franklin India Overnight 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 4.88% since inception which is more than its category average return of 3.97%
AUM size ₹425 Cr

AUM size ₹425 Cr

This fund has AUM of ₹425 Cr which is less than its category average of ₹ 2689 Cr
Expense Ratio 0.1%

Expense Ratio 0.1%

This fund has an expense ratio of 0.1% which is less than its category average expense ratio of 0.14%

Frequently Asked Questions for Franklin India Overnight Fund Direct Growth

The current NAV of Franklin India Overnight Fund Direct Growth is ₹1303.66 as on 01-Dec-2024.
Existing (Absolute + CAGR) as on 01-Dec-2024.
Franklin India Overnight Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.53%
0.53%
6 Month Returns
3.23%
3.23%
1 Year Returns
6.67%
6.67%
3 Years Returns
18.71%
5.88%
5 Years Returns
26.57%
4.83%
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.
0.1% as on November 2024
₹425 Cr as on November 2024
Yield to Maturity is 6.35 as on November 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 0.01 as on November 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 Overnight Fund Direct Growth
The Exit load of Franklin India Overnight Fund Direct Growth is 0%