Franklin India Money Market Fund Direct Growth
NAV as on 09-05-2025
₹ 51.34
Inception Returns
7.5%
/yr
Historical NAV & Returns
Absolute
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22 people have invested ₹ 3L in Franklin India Money Market Fund Direct Growth in the last three months
About Franklin India Money Market Fund Direct Growth
Franklin India Money Market Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Rahul Goswami, Rohan Maru, Chandni Gupta. This fund is suitable to keep your money safe.
Key Parameters
- Franklin India Money Market Fund Direct Growth has ₹2547 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Franklin India Money Market Fund Direct Growth has given a CAGR return of 7.52% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.13%, 7.34% and 6.07% respectively.
Holdings
Franklin India Money Market Fund Direct Growth has allocated its funds majorly in Financial Services, Corporate, Government, Cash Equivalent. Its top holdings are Export Import Bank Of India**, 364 Days Tbill (Md 05/03/2026), HDFC Bank Limited, Canara Bank, 364 Days Tbill Red 12-03-2026
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:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.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.
Franklin India Money Market Fund Direct Growth Overview
| Expense ratio | 0.14% |
Benchmark | Nifty Money Market TR INR |
| AUM | ₹2547 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹10000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 222.82% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (09-May-25)
Fund Distribution
as on (31-Dec-69)
AAA
100%
Sector Allocation
Corporate
43.9%
Government
34.6%
Cash Equivalent
21.5%
All changes are between Oct'69 and Dec'69
- AUM of the fund stands at 2.5K Cr as of Mar'25
- AUM decreased by 52.1 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Axis Bank Ltd.'s allocation increased from 1.99% to 2.37%
Cash allocation has gone down from 86.9% to 81.1%
Debt allocation has gone up from 12.8% to 18.6%
Top 3 Sectors in March were Financial Services, Corporate & Government
Mar'25
Financial Services
100%
Corporate
44%
Government
35%
Feb'25
Financial Services
100%
Corporate
34%
Government
25%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Export Import Bank Of India** | 7.9% | 100% | |
364 Days Tbill (Md 05/03/2026) | 7.15% | 100% | |
HDFC Bank Limited | 6.35% | 0% | |
364 Days Tbill Red 12-03-2026 | 4.76% | 100% | |
Small Industries Dev Bank Of India** | 4.76% | 20% | |
Canara Bank | 4.76% | 0% | |
Indian Bank (12/03/2026) | 3.63% | 100% | |
National Bank For Agriculture And Rural Development | 3.18% | 0% | |
Axis Bank Limited | 3.17% | 100% | |
National Bank For Agriculture And Rural Development | 3.17% | 0% | |
Hero Fincorp Limited | 3.16% | 0% | |
Icici Securities Limited | 3.15% | 0% | |
Tata Motors Finance Ltd. | 3.14% | 0% | |
Muthoot Finance Ltd. | 3.14% | 0% | |
LIC Housing Finance Limited | 2.38% | 0% | |
IDBI Bank Limited | 2.38% | 0% | |
National Bank For Agriculture And Rural Development | 2.37% | 100% | |
Kotak Mahindra Bank Ltd. | 2.37% | 0% | |
Canara Bank** | 2.37% | 100% | |
Indian Bank | 2.37% | 0% | |
HDFC Bank Limited** | 2.36% | 100% | |
Canara Bank** | 2.36% | 200% | |
Mankind Pharma Limited | 2.26% | 0% | |
Punjab National Bank | 1.6% | 100% | |
Indian Bank | 1.6% | 100% | |
Kotak Mahindra Bank Limited | 1.59% | 0% | |
Union Bank Of India | 1.59% | 0% | |
Union Bank Of India | 1.59% | 0% | |
Punjab National Bank (18/03/2026) | 1.57% | 0% | |
Indian Bank | 1.57% | 0% | |
Small Industries Development Bk Of India ** # | 1.57% | 0% | |
Axis Bank Ltd. | 1.13% | 250% | |
Mankind Pharma Limited | 0.84% | 0% | |
Standard Chartered Securities (India) Limited | 0.81% | 0% | |
Corporate Debt Market Development Fund Class A2 | 0.21% | 0% | |
364 DTB 22012026 | 0.1% | 0% | |
91 Days Tbill Red 24-04-2025 | 0.02% | 0% |
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Franklin India Money Market Fund | 8.13% | 7.34% | 6.07% | 7.52% |
 Aditya Birla Sun Life Money Manager Fund Direct Growth | 8.05% | 7.45% | 6.3% | 7.46% |
 Baroda BNP Paribas Money Market Fund Direct Growth | 7.9% | 7.01% | 5.48% | 5.68% |
 SBI Savings Fund Direct Growth | 8.01% | 7.35% | 6.17% | 7.58% |
 Tata Money Market Fund Direct Growth | 8.19% | 7.55% | 6.41% | 6.77% |
 ICICI Prudential Money Market Fund Direct Growth | 8.07% | 7.38% | 6.19% | 7.32% |
 DSP Savings Fund Direct Growth | 7.71% | 7.18% | 5.93% | 7.04% |
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Rahul Goswami
Fund Manager of Franklin India Money Market Fund Direct Growth, since 6 October 2023
Top funds managed
Rohan Maru
Fund Manager of Franklin India Money Market Fund Direct Growth, since 10 October 2024
Top funds managed
Chandni Gupta
Fund Manager of Franklin India Money Market Fund Direct Growth, since 30 April 2024
Top funds managed
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total Schemes
Total AUM
₹1.03L Cr
as on 31-Mar-2025
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+9122-67519100
Website
services@franklintempleton.com
Mutual Fund Insights
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.41% return, outperforming this fund by 0.34% per annum.
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 8.19% return, outperforming this fund by 0.06%.
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 0.31%.
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 7.55% return, outperforming this fund by 0.21% per annum.
Over the last 6 months, this fund has experienced a 28.3% growth in AUM moving from 1.98K Cr to 2.54K Cr.
Franklin India Money Market Fund Direct Growth 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 7.52% since inception which is more than its category average return of 5.49%
AUM size ₹2547 Cr
This fund has AUM of ₹2547 Cr which is less than its category average of ₹ 11016 Cr
Expense Ratio 0.14%
This fund has an expense ratio of 0.14% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions for Franklin India Money Market Fund Direct Growth
The current NAV of Franklin India Money Market Fund Direct Growth is ₹51.34 as on 09-May-2025.
Existing (Absolute + CAGR) as on 09-May-2025.
Franklin India Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.57% | 0.57% |
6 Month Returns | 4.17% | 4.17% |
1 Year Returns | 8.13% | 8.13% |
3 Years Returns | 23.66% | 7.34% |
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 April 2025
₹2547 Cr as on April 2025
Export Import Bank Of India**(7.9%), 364 Days Tbill (Md 05/03/2026)(7.15%), HDFC Bank Limited(6.35%), Canara Bank(4.76%), 364 Days Tbill Red 12-03-2026(4.76%) as on April 2025
Corporate(47.29%), Government(31.07%), Cash Equivalent(21.64%) as on April 2025
Yield to Maturity is 7.15 as on April 2025. 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 0.85 as on April 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Rahul Goswami, Rohan Maru, Chandni Gupta 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%