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Franklin India Overnight Fund - Direct Weekly Dividend Plan - Weekly - IDCW
★★★★★ monitor_heart Health Score: 43/100 · WeakFranklin Templeton Mutual Fund · Debt · Overnight Fund
₹1,000.0
AUM: ₹729 Cr
NAV updated 19 days ago
Plan
Direct
Option
Idcw
Risk
Low
Expense Ratio
0.31%
Exit Load
Nil
Fund Manager
Srikesh Nair, Varun Sharma
Inception
Jan 2013
Benchmark
NIFTY 50 Total Return Index
Sharpe Ratio
-12.75
Std Dev (1Y)
0.51%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-0.07%
3m
+0.0%
6m
-0.02%
1y
-0.07%
3y
-0.02%
5y
+0.0%
10y
+11.5%
since inception
+0.0%
rate_review TopFund's Take on Franklin India Overnight Fund - Direct Weekly Dividend Plan - Weekly - IDCW
Franklin India Overnight Fund - Direct Weekly Dividend Plan - Weekly - IDCW lags behind most of its peers in the Overnight Fund category, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 43/100.
Cost: At 0.31%, the expense ratio runs 48% above the Overnight Fund category average of 0.21%. 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 -12.75 — 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 0.51% 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 Overnight Fund - Direct Weekly Dividend Plan - Weekly - IDCW
The current NAV (Net Asset Value) of Franklin India Overnight Fund - Direct Weekly Dividend Plan - Weekly - IDCW is ₹1000.0. NAV is updated every business day after market close by AMFI.
1Y: -0.07% · 3Y CAGR: -0.02% · 5Y CAGR: 0.0%
The expense ratio is 0.31% per annum — the annual fee deducted from your investment to cover fund management costs.
Franklin India Overnight Fund - Direct Weekly Dividend Plan - Weekly - IDCW is managed by Srikesh Nair, Varun Sharma at Franklin Templeton Mutual Fund.
Franklin India Overnight Fund - Direct Weekly Dividend Plan - Weekly - IDCW is a Low risk fund. Suitable for investors with a moderate risk appetite.
Franklin India Overnight Fund - Direct Weekly Dividend Plan - Weekly - IDCW is a Overnight Fund fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Franklin India Overnight Fund - Direct Weekly Dividend Plan - Weekly - IDCW is ₹730 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.