Franklin India Money Market Fund Direct Growth
Debt
Direct
Money Market
NAV: ₹ 47.55 as on 16-05-2024
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 Umesh Sharma, Pallab Roy. This fund is suitable to keep your money safe.
Key Parameters
- Franklin India Money Market Fund Direct Growth has ₹1511 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.
Fund Performance
39 people have invested ₹ 64.5L in Franklin India Money Market Fund Direct Growth in the last three months
Overview
 | 0.13% |
 Benchmark | CRISIL Liquid Fund TR INR |
 | ₹1511 Cr |
 | 1 January, 2013 |
 | ₹10000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 75.7% |
Franklin India Money Market Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Corporate
45.6%
Cash Equivalent
38.6%
Government
15.8%
Top Holdings of Franklin India Money Market Fund Direct Growth as on (30-Apr-24)
Debt Holdings26
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 364 DTB 05122024 | 7.94% | 0% | |
Bank Of Baroda | 6.39% | 100% | |
Indian Bank | 6.21% | 0% | |
Kotak Mahindra Bank Ltd. | 4.82% | 0% | |
National Bank For Agriculture And Rural Development | 4.71% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 1.4K Cr as of Apr'24
- AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.86% return, outperforming this fund by 0.24%.
This fund has one of the lowest expense ratio in the category (money market). Its expense ratio is 0.13% which is lower than the category average expense ratio of 0.33%.
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 6.1% return, outperforming this fund by 0.32% per annum.
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.27% return, outperforming this fund by 0.22% per annum.
Over the last 3 months, this fund has experienced a 11.7% drop in AUM moving from 1.71K Cr to 1.51K Cr.
Peer Analysis
Fund Manager
Umesh Sharma
Fund Manager of Franklin India Money Market Fund Direct Growth, since 25 October 2018
Top funds managed
Pallab Roy
Fund Manager of Franklin India Money Market Fund Direct Growth, since 25 June 2008
Top funds managed
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 7.47% since inception which is more than its category average return of 4.96%
AUM size ₹1511 Cr
This fund has AUM of ₹1511 Cr which is less than its category average of ₹ 6863 Cr
Expense Ratio 0.13%
This fund has an expense ratio of 0.13% which is less than its category average expense ratio of 0.33%
Frequently Asked Questions
The current NAV of Franklin India Money Market Fund Direct Growth is ₹47.55 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Franklin India Money Market Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 3.85% | 3.85% |
1 Year Returns | 7.62% | 7.62% |
3 Years Returns | 18.38% | 5.78% |
5 Years Returns | 34.14% | 6.05% |
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.
0.13% as on April 2024
₹1511 Cr as on April 2024
364 DTB 05122024(7.94%), Bank Of Baroda(6.39%), Indian Bank(6.21%), Kotak Mahindra Bank Ltd.(4.82%), National Bank For Agriculture And Rural Development(4.71%) as on April 2024
Corporate(45.57%), Cash Equivalent(38.62%), Government(15.81%) as on April 2024
Yield to Maturity is 7.56 as on April 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 0.68 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
Umesh Sharma, Pallab Roy 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%