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Franklin India Money Market Fund - Direct - Growth
★★★★★ monitor_heart Health Score: 74/100 · GoodFranklin Templeton Mutual Fund · Debt · Money Market
₹55.5
AUM: ₹3,919 Cr
NAV updated 7 days ago
Plan
Direct
Option
Growth
Risk
Low to Moderate
Expense Ratio
0.14%
Exit Load
Nil
Fund Manager
Sachin Padwal-Desai, Pallab Roy
Inception
Jan 2013
Benchmark
NIFTY Money Market Index A-I
Sharpe Ratio
0.24
Std Dev (1Y)
0.49%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.67%
3m
+1.55%
6m
+3.27%
1y
+6.26%
3y
+7.37%
5y
+6.51%
10y
+6.8%
since inception
+7.44%
rate_review TopFund's Take on Franklin India Money Market Fund - Direct - Growth
Franklin India Money Market Fund - Direct - Growth holds up reasonably well within the Money Market category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 74/100.
Cost: At 0.14%, the expense ratio is meaningfully cheaper — about 12% below the Money Market category average of 0.16% (based on 117 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.24 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 0.49% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to conservative investors prioritising capital stability and predictable income over high growth.
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 Money Market Fund - Direct - Growth
The current NAV (Net Asset Value) of Franklin India Money Market Fund - Direct - Growth is ₹55.5. NAV is updated every business day after market close by AMFI.
1Y: 6.26% · 3Y CAGR: 7.37% · 5Y CAGR: 6.51%
The expense ratio is 0.14% per annum — the annual fee deducted from your investment to cover fund management costs.
Franklin India Money Market Fund - Direct - Growth is managed by Sachin Padwal-Desai, Pallab Roy at Franklin Templeton Mutual Fund.
Franklin India Money Market Fund - Direct - Growth is a Low to Moderate risk fund. Suitable for investors with a moderate risk appetite.
Franklin India Money Market Fund - Direct - Growth is a Money Market fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Franklin India Money Market Fund - Direct - Growth is ₹3,920 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.