Franklin India Floating Interest Rates Fund
- NAV as on 24 Sep 2026
- ₹43.78+0.05%1 day
- Return since launch
- 5.9%
- 52-week range
- ₹41.34 — ₹43.78
- AUM
- ₹281 Cr
Franklin India Floating Interest Rates Fund is a Floater debt fund from Franklin Templeton Mutual Fund with ₹281 Cr under management, launched in 2001. Over three years it has returned 6.9% a year, against 7.2% for its category. The expense ratio is 0.95% and the SEBI riskometer reading is Low to Moderate.
Performance
Franklin India Floating Interest Rates Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +5.9% against +5.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.7% | −0.1 pts | 5.8% | 5.5% |
| 2Y | 6.3% | 0.0 pts | 6.2% | 6.1% |
| 3Y | 6.9% | −0.3 pts | 7.2% | 6.7% |
| 5Y | 7.0% | +0.6 pts | 6.4% | 6.8% |
| 7Y | 6.6% | 0.0 pts | 6.6% | 6.5% |
| 10Y | 6.4% | −0.4 pts | 6.8% | 6.6% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.3% | +0.1 pts | 0.2% | 0.2% |
| 3M | 1.4% | +0.3 pts | 1.1% | 1.0% |
| 6M | 2.9% | −0.4 pts | 3.3% | 3.0% |
| 1Y | 5.9% | +0.1 pts | 5.8% | 5.6% |
| 2Y | 6.9% | +0.1 pts | 6.8% | 6.8% |
| 3Y | 7.3% | 0.0 pts | 7.2% | 7.1% |
| 5Y | 6.4% | +0.1 pts | 6.4% | 6.3% |
| 7Y | 6.1% | −0.4 pts | 6.5% | 6.4% |
| 10Y | 6.3% | −0.5 pts | 6.8% | 7.0% |
Since launch (23 Apr 2001): 5.9%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.9% | −0.1 pts | 8.0% |
| 2024 | 8.0% | −0.5 pts | 8.5% |
| 2023 | 7.4% | −0.4 pts | 7.7% |
| 2022 | 4.2% | −0.3 pts | 4.5% |
| 2021 | 3.3% | −0.8 pts | 4.1% |
| 2020 | 5.9% | −3.6 pts | 9.6% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.95%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.82%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.13%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY SD Debt Index A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at low to moderate risk — typically short duration debt schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 1.31 | 1.19 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.76 | 2.20 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.14 | 1.39 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Franklin India Floating Interest Rates Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt22.3%
- Other77.7%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 78.03% | ₹220 Cr | +1.42% | +1.31% | +1.14% |
| Karnataka State | Others | 9.16% | ₹25.76 Cr | +8.51% | +8.19% | +7.34% |
| Maharashtra State | Others | 9.13% | ₹25.68 Cr | +8.51% | — | — |
| REC Ltd. | Financial | 9.12% | ₹25.66 Cr | +8.56% | — | — |
| Chhattisgarh State | Others | 8.85% | ₹24.89 Cr | +8.63% | +8.06% | — |
| Bank Of Baroda | Financial | 8.74% | ₹24.59 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 8.58% | ₹24.14 Cr | +8.03% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 8.57% | ₹24.10 Cr | +8.02% | — | — |
| Jubilant Beverages Ltd. | Consumer Staples | 8.09% | ₹22.75 Cr | +7.55% | +7.03% | +7.15% |
| Jubilant Bevco Ltd. | Consumer Staples | 8.03% | ₹22.58 Cr | +7.83% | +7.30% | +7.01% |
| Bajaj Finance Ltd. | Financial | 7.41% | ₹20.86 Cr | +6.95% | +6.47% | +6.03% |
| Poonawalla Fincorp Ltd. | Financial | 3.63% | ₹10.20 Cr | +3.40% | +3.39% | +2.93% |
| Uttar Pradesh State | Others | 3.61% | ₹10.15 Cr | — | — | — |
| GOI | Sovereign | 1.91% | ₹5.36 Cr | +1.79% | +6.79% | +22.92% |
| Kerala State | Others | 1.81% | ₹5.08 Cr | — | — | — |
| ICICI Securities Primary Dealership Ltd. | Financial | -21.33% | ₹-60.00 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | -26.66% | ₹-75.00 Cr | -34.09% | -31.86% | -28.52% |
| Standard Chartered Bank | Financial | -26.66% | ₹-75.00 Cr | -25.57% | -15.93% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ICICI Securities Primary Dealership Ltd. | -8.62% | -21.33% | -12.70% |
| IDFC First Bank Ltd. | -25.87% | -26.66% | -0.79% |
| Standard Chartered Bank | -25.87% | -26.66% | -0.79% |
| REC Ltd. | 8.81% | 9.12% | +0.31% |
| Bank Of Baroda | 8.43% | 8.74% | +0.31% |
| HDFC Bank Ltd. | 8.27% | 8.58% | +0.31% |
| National Bank For Agriculture & Rural Development | 8.26% | 8.57% | +0.31% |
| Bajaj Finance Ltd. | 7.13% | 7.41% | +0.28% |
| Jubilant Bevco Ltd. | 7.75% | 8.03% | +0.28% |
| Jubilant Beverages Ltd. | 7.82% | 8.09% | +0.26% |
| Maharashtra State | 8.87% | 9.13% | +0.26% |
| Karnataka State | 8.91% | 9.16% | +0.25% |
| Uttar Pradesh State | 3.48% | 3.61% | +0.12% |
| Poonawalla Fincorp Ltd. | 3.50% | 3.63% | +0.12% |
| Chhattisgarh State | 8.96% | 8.85% | -0.12% |
| GOI | 1.83% | 1.91% | +0.07% |
| Kerala State | 1.74% | 1.81% | +0.06% |
| Others | 0.36% | 0.38% | +0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,059 Cr | 0.65% | 6.2% | 6.9% | 7.0% |
 ICICI Prudential Floating Interest Rates Fund | ₹9,119 Cr | 0.85% | 5.7% | 6.8% | 7.0% |
 SBI Floating Interest Rates Fund | ₹688 Cr | 0.42% | 6.5% | 7.0% | 7.1% |
 Bandhan Floating Interest Rates Fund | ₹228 Cr | 0.71% | 6.3% | 6.9% | 6.9% |
 Axis Floating Interest Rates Fund | ₹149 Cr | 0.53% | 7.0% | 7.4% | 7.5% |
 Tata Floating Interest Rates Fund | ₹114 Cr | 0.72% | 5.7% | 6.6% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The Scheme seeks to provide income and liquidity consistent with the prudent risk from a portfolio comprising of floating rate return, and also fixed rate money market and debt instruments. debt instruments, fixed rate debt instruments swapped for floating rate instruments and money market instruments.
Fund managers
- Pallab RoyMr. Roy is a M.Com and MBA (Finance).He has been associated with Franklin Templeton Investments since 2001.
- Rohan MaruMr. Maru is M.Com and MBA in Finance.Prior to joining Franklin India Mutual Fund, he has worked with ICICI Prudential Mutual Fund, Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.87% absolute | ₹60,000 | ₹61,722 | 2.87% | |
| 1 year5.90% annualised | ₹1,20,000 | ₹1,23,905 | 3.25% | |
| 3 years7.26% annualised | ₹3,60,000 | ₹4,03,289 | 12.02% | |
| 5 years6.43% annualised | ₹6,00,000 | ₹7,09,245 | 18.21% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.