Franklin India Money Market Fund Direct Growth
DebtMoney MarketLow to Moderate Risk
Direct
NAV (19-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹2,060 Cr
Expense Ratio
0.14%
ISIN
INF090I01GV8
Minimum SIP
₹1,000
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
As of 19-Sep-24, it has a Net Asset Value (NAV) of ₹48.76, Assets Under Management (AUM) of 2060.40 Crores, and an expense ratio of 0.14%.
- Franklin India Money Market Fund Direct Growth has given a CAGR return of 7.47% since inception.
- The fund's asset allocation comprises around 0.00% in equities, 38.76% in debts, and 61.04% in cash & cash equivalents.
- You can start investing in Franklin India Money Market Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹10000.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+7.69%
+6.56% (Cat Avg.)
3 Years
+6.22%
+5.64% (Cat Avg.)
5 Years
+5.90%
+5.28% (Cat Avg.)
10 Years
+7.15%
+5.72% (Cat Avg.)
Since Inception
+7.47%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Debt | ₹798.67 Cr | 38.76% |
| Others | ₹1,261.74 Cr | 61.24% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Canara Bank | Bond - Gov't Agency Debt | ₹120.26 Cr | 5.84% |
| India (Republic of) | Bond - Short-term Government Bills | ₹96.92 Cr | 4.70% |
| Export-Import Bank Of India | Cash - Commercial Paper | ₹96.75 Cr | 4.70% |
| Indian Bank | Bond - Gov't Agency Debt | ₹96.17 Cr | 4.67% |
| Axis Bank Limited | Cash - CD/Time Deposit | ₹94.52 Cr | 4.59% |
| 364 DTB 31072025 | Bond - Gov't/Treasury | ₹94.22 Cr | 4.57% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹72.92 Cr | 3.54% |
| Godrej Housing Finance Limited | Cash - Commercial Paper | ₹72.53 Cr | 3.52% |
| Punjab National Bank | Cash - CD/Time Deposit | ₹72.36 Cr | 3.51% |
| Union Bank of India | Bond - Gov't Agency Debt | ₹72.33 Cr | 3.51% |
| Aditya Birla Finance Limited | Cash - Commercial Paper | ₹71.98 Cr | 3.49% |
| India (Republic of) | Bond - Short-term Government Bills | ₹67.05 Cr | 3.25% |
| Punjab National Bank | Bond - Gov't Agency Debt | ₹58.18 Cr | 2.82% |
| Larsen And Toubro Limited | Cash - Commercial Paper | ₹48.48 Cr | 2.35% |
| Julius Baer Capital (India) Private Limited | Cash - Commercial Paper | ₹48.41 Cr | 2.35% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹48.4 Cr | 2.35% |
| HDFC Bank Ltd. | Bond - Corporate Bond | ₹48.28 Cr | 2.34% |
| IDFC First Bank Ltd. | Bond - Corporate Bond | ₹48.26 Cr | 2.34% |
| Small Industries Development Bank of India | Bond - Corporate Bond | ₹48.2 Cr | 2.34% |
| Canara Bank | Cash - CD/Time Deposit | ₹48.15 Cr | 2.34% |
| Dbs Bank India Limited | Cash - CD/Time Deposit | ₹48.12 Cr | 2.34% |
| HDFC Bank Limited | Cash - CD/Time Deposit | ₹48.09 Cr | 2.33% |
| Union Bank Of India | Cash - CD/Time Deposit | ₹48.04 Cr | 2.33% |
| Mahindra & Mahindra Financial Services Ltd. | Cash - Commercial Paper | ₹48.01 Cr | 2.33% |
| LIC Housing Finance Ltd. | Cash - Commercial Paper | ₹48 Cr | 2.33% |
| Pilani Investment And Industries Corporation Ltd. | Cash - Commercial Paper | ₹47.8 Cr | 2.32% |
| Muthoot Finance Limited | Cash - Commercial Paper | ₹46.97 Cr | 2.28% |
| ICICI Bank Limited | Cash - CD/Time Deposit | ₹46.8 Cr | 2.27% |
| Birla Group Holdings Private Limited | Cash - Commercial Paper | ₹43.42 Cr | 2.11% |
| Hero Fincorp Limited | Cash - Commercial Paper | ₹38.74 Cr | 1.88% |
| 182 DTB 09012025 | Bond - Gov't/Treasury | ₹24.41 Cr | 1.18% |
| India (Republic of) | Bond - Short-term Government Bills | ₹24.38 Cr | 1.18% |
| Toyota Financial Services India Limited | Cash - Commercial Paper | ₹24.22 Cr | 1.18% |
| Bank Of Baroda | Cash - CD/Time Deposit | ₹24.21 Cr | 1.17% |
| Standard Chartered Securities India | Cash - Commercial Paper | ₹24.11 Cr | 1.17% |
| National Bank For Agriculture And Rural Development | Cash - CD/Time Deposit | ₹24.07 Cr | 1.17% |
| Standard Chartered Securities India Limited | Cash - Commercial Paper | ₹23.88 Cr | 1.16% |
| Corporate Debt Market Development Fund Class A2 | Mutual Fund - Open End | ₹4.11 Cr | 0.20% |
| Call, Cash & Other Assets | Cash - Collateral | ₹-1.38 Cr | 0.07% |
Allocation By Credit Quality (Debt)
AAA
Other Allocation
Equity Sector
Debt & Others
| Instruments | Amount | Holdings |
|---|---|---|
| Cash - Commercial Paper | ₹683.32 Cr | 33.16% |
| Cash - CD/Time Deposit | ₹575.69 Cr | 27.94% |
| Bond - Gov't Agency Debt | ₹346.94 Cr | 16.84% |
| Bond - Short-term Government Bills | ₹188.35 Cr | 9.14% |
| Bond - Corporate Bond | ₹144.74 Cr | 7.02% |
| Bond - Gov't/Treasury | ₹118.63 Cr | 5.76% |
| Mutual Fund - Open End | ₹4.11 Cr | 0.20% |
| Cash - Collateral | ₹-1.38 Cr | 0.07% |
Risk & Performance Ratios
Standard Deviation
This fund
0.59%
Cat. avg.
0.70%
Lower the better
Sharpe Ratio
This fund
0.61
Cat. avg.
-0.39
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
-0.19
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st August 2024
ISIN | INF090I01GV8 | Expense Ratio | 0.14% | Exit Load | No Charges | Fund Size | ₹2,060 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹10,000 | Fund Status | Open Ended Investment Company | Benchmark | Nifty Money Market TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
- For investments made before 1 April 2023:
- If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
- If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.
- Holding the units: No tax is applicable as long as you hold the units.
Dividend Taxation:
Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Money Market Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Edelweiss Money Market Fund Regular Growth Low to Moderate Risk | 0.8% | 0.0% | ₹757.61 Cr | 6.8% |
| Union Money Market Fund Direct Growth Low to Moderate Risk | 0.3% | 0.0% | ₹179.08 Cr | 7.3% |
| Union Money Market Fund Regular Growth Low to Moderate Risk | 1.0% | 0.0% | ₹179.08 Cr | 6.5% |
| TRUSTMF Money Market Fund Direct Growth Low to Moderate Risk | 0.2% | 0.0% | ₹68.50 Cr | 7.4% |
| TRUSTMF Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹68.50 Cr | 7.2% |
| LIC MF Money Market Fund Direct Growth Low Risk | 0.6% | 0.0% | ₹29.45 Cr | 6.7% |
| LIC MF Money Market Fund Regular Growth Low Risk | 1.0% | 0.0% | ₹29.45 Cr | 6.3% |
| Tata Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27628.33 Cr | 7.6% |
| Franklin India Money Market Fund Regular Growth Low to Moderate Risk | 0.3% | 0.0% | ₹2060.40 Cr | 7.5% |
| HDFC Money Market Fund Regular Growth Low to Moderate Risk | 0.4% | 0.0% | ₹27665.38 Cr | 7.5% |
About the AMC
Total AUM
₹1,09,365 Cr
Address
Indiabulls Finance Centre; Tower 2, 12th and 13th Floor, Mumbai, 400 013
Other Funds by Franklin Templeton Mutual Fund
Risk Level
Your principal amount will be at Low to Moderate Risk
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What is the current NAV of Franklin India Money Market Fund Direct Growth?
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Who manages the Franklin India Money Market Fund Direct Growth?
- Rahul Goswami
- Pallab Roy
- Chandni Gupta
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