Franklin India Money Market Fund Direct Growth

Franklin India Money Market Fund Direct Growth

NAV as on 23-04-2025

₹ 51.23

Inception Returns

7.5%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
29 people have invested ₹ 10.4L 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 Chandni Gupta, Rohan Maru, Rahul Goswami. This fund is suitable to keep your money safe.

Key Parameters

  1. 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.
  2. The fund has an expense ratio 0.1.

Returns

Franklin India Money Market Fund Direct Growth has given a CAGR return of 7.53% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.18%, 7.21% and 6.06% 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 ratio0.14%
Benchmark
Nifty Money Market TR INR
AUM₹2547 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹10000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
222.82%
STCGSelling mutual fund 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 (23-Apr-25)

Period
Franklin India Money Market Fund Direct Growth
Money Market Index
1M
1.2%
0.9%
3M
2.4%
1.9%
6M
4.3%
3.4%
1Y
8.2%
7%
3Y
7.2%
6.6%
5Y
6.1%
5.6%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Mar'25

Feb'25

Jan'25

Dec'24

Nov'24

Oct'24

Corporate
43.9%
Government
34.6%
Cash Equivalent
21.5%
All changes are between Oct'69 and Dec'69
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 2.5K Cr
₹ 2.6K Cr
₹ 2.5K Cr
  • 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%
Axis Bank Ltd.'s allocation increased from 1.99% to 2.37%
Cash allocation has gone down from 86.9% to 81.1%
Cash allocation has gone down from 86.9% to 81.1%
Debt allocation has gone up from 12.8% to 18.6%
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%
  • Debt & Cash

Holdings
Weight%
1M Change
Export Import Bank Of India**
Export Import Bank Of India**
7.9%
100%
364 Days Tbill (Md 05/03/2026)
364 Days Tbill (Md 05/03/2026)
7.15%
100%
HDFC Bank Limited
HDFC Bank Limited
6.35%
0%
364 Days Tbill Red 12-03-2026
364 Days Tbill Red 12-03-2026
4.76%
100%
Small Industries Dev Bank Of India**
Small Industries Dev Bank Of India**
4.76%
20%
  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Franklin India Money Market Fund Direct Growth
Franklin India Money Market Fund Direct Growth
8.18%
7.21%
6.06%
7.53%
Tata Money Market Fund Direct Plan Growth
Tata Money Market Fund Direct Plan Growth
8.24%
7.43%
6.37%
6.77%
ICICI Prudential Money Market Fund Direct Plan Growth
ICICI Prudential Money Market Fund Direct Plan Growth
8.12%
7.27%
6.17%
7.33%
Aditya Birla Sun Life Money Manager Fund Direct Plan Growth
Aditya Birla Sun Life Money Manager Fund Direct Plan Growth
8.1%
7.32%
6.28%
7.47%
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Chandni Gupta
Chandni Gupta
Fund Manager of Franklin India Money Market Fund Direct Growth, since 30 April 2024
Top funds managed
Rohan Maru
Rohan Maru
Fund Manager of Franklin India Money Market Fund Direct Growth, since 10 October 2024
Rahul Goswami
Rahul Goswami
Fund Manager of Franklin India Money Market Fund Direct Growth, since 6 October 2023
Top funds managed
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
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

Insights icon
Over the last 6 months, this fund has experienced a 28.3% growth in AUM moving from 1.98K Cr to 2.54K Cr.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 8.24% return, outperforming this fund by 0.05%.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 7.43% return, outperforming this fund by 0.22% 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 0.31%.
Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.37% 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 7.53% since inception which is more than its category average return of 5.52%
AUM size ₹2547 Cr

AUM size ₹2547 Cr

This fund has AUM of ₹2547 Cr which is less than its category average of ₹ 10409 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 0.32%

Frequently Asked Questions for Franklin India Money Market Fund Direct Growth

The current NAV of Franklin India Money Market Fund Direct Growth is ₹51.23 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
Franklin India Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.2%
1.2%
6 Month Returns
4.3%
4.3%
1 Year Returns
8.18%
8.18%
3 Years Returns
23.22%
7.21%
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 March 2025
₹2547 Cr as on March 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 March 2025
Corporate(47.29%), Government(31.07%), Cash Equivalent(21.64%) as on March 2025
Yield to Maturity is 7.15 as on March 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 March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Chandni Gupta, Rohan Maru, Rahul Goswami 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%