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Franklin India Floating Rate Fund - Direct - Growth
★★★★★ monitor_heart Health Score: 65/100 · GoodFranklin Templeton Mutual Fund · Debt · Floater
₹47.85
AUM: ₹278 Cr
NAV updated 5 days ago
Plan
Direct
Option
Growth
Risk
Low to Moderate
Expense Ratio
0.39%
Exit Load
Nil
Fund Manager
Mayank Bukrediwala
Inception
—
Benchmark
NIFTY Short Duration Debt Index A-II
Sharpe Ratio
0.15
Std Dev (1Y)
0.9%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.85%
3m
+1.79%
6m
+3.73%
1y
+6.38%
3y
+8.32%
5y
+7.21%
10y
+6.98%
since inception
+7.14%
rate_review TopFund's Take on Franklin India Floating Rate Fund - Direct - Growth
Franklin India Floating Rate Fund - Direct - Growth holds up reasonably well within the Floater category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 65/100.
Cost: At 0.39%, the expense ratio runs 44% above the Floater category average of 0.27%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.15 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 0.9% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about Franklin India Floating Rate Fund - Direct - Growth
The current NAV (Net Asset Value) of Franklin India Floating Rate Fund - Direct - Growth is ₹47.85. NAV is updated every business day after market close by AMFI.
1Y: 6.38% · 3Y CAGR: 8.32% · 5Y CAGR: 7.21%
The expense ratio is 0.39% per annum — the annual fee deducted from your investment to cover fund management costs.
Franklin India Floating Rate Fund - Direct - Growth is managed by Mayank Bukrediwala at Franklin Templeton Mutual Fund.
Franklin India Floating Rate Fund - Direct - Growth is a Low to Moderate risk fund. Suitable for investors with a moderate risk appetite.
Franklin India Floating Rate Fund - Direct - Growth is a Floater fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Franklin India Floating Rate Fund - Direct - Growth is ₹279 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.