Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Franklin India Floating Rate Fund - Direct - IDCW
★★★★★ monitor_heart Health Score: 65/100 · GoodFranklin Templeton Mutual Fund · Debt · Floater
₹10.07
AUM: ₹278 Cr
NAV updated 6 days ago
Plan
Direct
Option
Idcw
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
-15.65
Std Dev (1Y)
0.52%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.92%
3m
+1.85%
6m
+3.76%
1y
+6.36%
3y
+8.34%
5y
+7.23%
10y
+6.98%
since inception
+0.05%
rate_review TopFund's Take on Franklin India Floating Rate Fund - Direct - IDCW
Franklin India Floating Rate Fund - Direct - IDCW 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 negative Sharpe ratio of -15.65 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.52% 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.
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info Fund Snapshot
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Frequently Asked Questions about Franklin India Floating Rate Fund - Direct - IDCW
The current NAV (Net Asset Value) of Franklin India Floating Rate Fund - Direct - IDCW is ₹10.07. NAV is updated every business day after market close by AMFI.
1Y: 6.36% · 3Y CAGR: 8.34% · 5Y CAGR: 7.23%
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 - IDCW is managed by Mayank Bukrediwala at Franklin Templeton Mutual Fund.
Franklin India Floating Rate Fund - Direct - IDCW is a Low to Moderate risk fund. Suitable for investors with a moderate risk appetite.
Franklin India Floating Rate Fund - Direct - IDCW 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 - IDCW is ₹279 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.