Franklin India Money Market Fund Direct Growth

Franklin India Money Market Fund Direct Growth

NAV as on 02-04-2025

₹ 50.91

0.1%

1D

Inception Returns

7.5%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
24 people have invested ₹ 18.6L 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 Rohan Maru, Chandni Gupta, Rahul Goswami. This fund is suitable to keep your money safe.

Key Parameters

  1. Franklin India Money Market Fund Direct Growth has ₹2599 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 7.50% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.91%, 7.00% and 6.04% 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, HDFC Bank Limited, Canara Bank, Small Industries Development Bank Of India, Bharti Telecom Limited

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
CRISIL Liquid Fund TR INR
AUM₹2599 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 (02-Apr-25)

Period
Franklin India Money Market Fund Direct Growth
Money Market Index
1M
0.9%
0.5%
3M
2.1%
1.5%
6M
4%
3.1%
1Y
7.9%
6.3%
3Y
7%
-
5Y
6%
-

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.8%

AAA
100%

Sector Allocation

Feb'25

Jan'25

Dec'24

Cash Equivalent
40.9%
Corporate
33.6%
Government
25.5%
All changes are between Oct'69 and Dec'69
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 2.6K Cr
₹ 2.5K Cr
₹ 2.3K Cr
  • AUM of the fund stands at 2.6K Cr as of Feb'25
  • AUM increased by 148.5 Cr between Feb'25 and Jan'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 up from 79.4% to 86.9%
Cash allocation has gone up from 79.4% to 86.9%
Debt allocation has gone down from 20.3% to 12.8%
Debt allocation has gone down from 20.3% to 12.8%

Top 3 Sectors in February were Financial Services, Corporate & Government

Feb'25
Financial Services
100%
Corporate
34%
Government
25%
Jan'25
Financial Services
100%
Corporate
31%
Government
18%
  • Debt & Cash

Holdings
Weight%
1M Change
Export-Import Bank of India
Export-Import Bank of India
9.03%
100%
HDFC Bank Limited
HDFC Bank Limited
7.26%
0%
Canara Bank
Canara Bank
5.45%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
5.44%
20%
Bharti Telecom Limited
Bharti Telecom Limited
3.69%
0%
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Rohan Maru
Rohan Maru
Fund Manager of Franklin India Money Market Fund Direct Growth, since 10 October 2024
Chandni Gupta
Chandni Gupta
Fund Manager of Franklin India Money Market Fund Direct Growth, since 30 April 2024
Rahul Goswami
Rahul Goswami
Fund Manager of Franklin India Money Market Fund Direct Growth, since 6 October 2023
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total AUM
₹1.11L Cr
as on 28-Feb-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 3 months, this fund has experienced a 14.4% growth in AUM moving from 2.27K Cr to 2.59K Cr.
Insights icon
In the last 1 year, Tata Money Market Fund Direct Plan Growth has given 7.99% return, outperforming this fund by 0.08%.
Insights icon
In the last 3 years, Tata Money Market Fund Direct Plan Growth has given 7.23% return, outperforming this fund by 0.23% per annum.
Insights icon
In the last 5 years, Tata Money Market Fund Direct Plan Growth has given 6.35% return, outperforming this fund by 0.31% 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%.

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 7.5% since inception which is more than its category average return of 5.51%
AUM size ₹2599 Cr

AUM size ₹2599 Cr

This fund has AUM of ₹2599 Cr which is less than its category average of ₹ 10722 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 0.33%

More funds from Franklin

Franklin India Government Securities Fund Direct Growth

Franklin India Government Securities Fund Direct Growth

5Y CAGR

▲ 5.41

Franklin India Floating Rate Direct Growth

Franklin India Floating Rate Direct Growth

5Y CAGR

▲ 6.68

Franklin India Corporate Debt Direct Growth

Franklin India Corporate Debt Direct Growth

5Y CAGR

▲ 6.65

Franklin India Banking & PSU Debt Fund Direct Growth

Franklin India Banking & PSU Debt Fund Direct Growth

5Y CAGR

▲ 6.24

Franklin India Credit Risk Fund Direct Growth

Franklin India Credit Risk Fund Direct Growth

5Y CAGR

▲ 6.22

Frequently Asked Questions for Franklin India Money Market Fund Direct Growth

The current NAV of Franklin India Money Market Fund Direct Growth is ₹50.91 as on 02-Apr-2025.
Existing (Absolute + CAGR) as on 02-Apr-2025.
Franklin India Money Market Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.91%
0.91%
6 Month Returns
3.95%
3.95%
1 Year Returns
7.91%
7.91%
3 Years Returns
22.49%
7%
5 Years Returns
34.07%
6.04%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.14% as on March 2025
₹2599 Cr as on March 2025
Export-Import Bank of India(9.03%), HDFC Bank Limited(7.26%), Canara Bank(5.45%), Small Industries Development Bank Of India(5.44%), Bharti Telecom Limited(3.69%) as on March 2025
Corporate(42.71%), Government(34.67%), Cash Equivalent(22.62%) as on March 2025
Yield to Maturity is 7.47 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 0.55 as on March 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Rohan Maru, Chandni Gupta, 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%