Franklin India Liquid Fund
LiquidLow to ModerateOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹4,241.77+0.01%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹3,983.55 — ₹4,241.38
- AUM
- ₹6,082 Cr
Franklin India Liquid Fund is a Liquid debt fund from Franklin Templeton Mutual Fund with ₹6,082 Cr under management, launched in 2005. Over three years it has returned 6.7% a year, against 6.8% for its category. The expense ratio is 0.20% and the SEBI riskometer reading is Low to Moderate.
Performance
Franklin India Liquid Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.5% against +6.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.7% | +0.4 pts | 6.3% | 6.4% |
| 2Y | 6.6% | +0.2 pts | 6.4% | 6.4% |
| 3Y | 6.7% | 0.0 pts | 6.8% | 6.5% |
| 5Y | 6.7% | +0.5 pts | 6.2% | 6.5% |
| 7Y | 6.3% | +0.1 pts | 6.1% | 6.1% |
| 10Y | 6.1% | +0.1 pts | 6.0% | 5.9% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.6% | +0.1 pts | 1.6% | 1.6% |
| 6M | 3.5% | +0.1 pts | 3.4% | 3.4% |
| 1Y | 6.5% | +0.2 pts | 6.3% | 6.3% |
| 2Y | 6.7% | +0.2 pts | 6.5% | 6.5% |
| 3Y | 6.9% | +0.2 pts | 6.8% | 6.7% |
| 5Y | 6.3% | +0.1 pts | 6.2% | 6.2% |
| 7Y | 5.7% | +0.1 pts | 5.5% | 5.5% |
| 10Y | 6.1% | +0.1 pts | 6.0% | 6.0% |
Since launch (2 Sep 2005): 7.1%
Calendar-year returns
Category average4.3%
3.3%
4.8%
7.0%
7.4%
6.6%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.6% | +0.1 pts | 6.4% |
| 2024 | 7.4% | +0.1 pts | 7.3% |
| 2023 | 7.0% | 0.0 pts | 7.0% |
| 2022 | 4.8% | 0.0 pts | 4.8% |
| 2021 | 3.3% | 0.0 pts | 3.3% |
| 2020 | 4.3% | +0.3 pts | 4.0% |
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
0.20%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.17%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.03%
- Exit load
- Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹10,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Liquid Index A-I
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Low to Moderate
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 | 5.03 | 4.96 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 9.60 | 9.88 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.21 | 0.20 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Franklin India Liquid Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt93.5%
- Other6.5%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Small Industries Devp. Bank of India Ltd. | Financial | 9.90% | ₹602 Cr | +2.68% | +14.83% | — |
| Others | Others | 6.64% | ₹404 Cr | +0.41% | +0.45% | +0.46% |
| HDFC Securities Ltd. | Financial | 3.12% | ₹190 Cr | +1.32% | +0.74% | — |
| REC Ltd. | Financial | 2.85% | ₹173 Cr | +0.72% | — | — |
| IIFL Home Finance Ltd. | Financial | 2.46% | ₹150 Cr | — | — | — |
| company:5085 | Financial | 2.46% | ₹150 Cr | — | — | — |
| company:3907 | Metals & Mining | 2.46% | ₹149 Cr | — | — | — |
| company:11779 | Capital Goods | 2.44% | ₹148 Cr | — | — | — |
| company:18495 | Financial | 2.43% | ₹148 Cr | — | — | — |
| company:11523 | Others | 2.43% | ₹148 Cr | — | — | +3.14% |
| Development Bank of Singapore | Financial | 2.05% | ₹124 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 1.79% | ₹109 Cr | +2.66% | — | — |
| National Bank For Agriculture & Rural Development | Financial | 1.64% | ₹99.88 Cr | +2.68% | — | +3.18% |
| Union Bank of India | Financial | 1.63% | ₹99.18 Cr | +2.69% | +1.48% | — |
| PNB Housing Finance Ltd. | Financial | 1.63% | ₹99.01 Cr | — | — | — |
| Bank Of Baroda | Financial | 1.63% | ₹98.88 Cr | +1.98% | +2.96% | — |
| Bajaj Financial Securities Ltd. | Financial | 1.62% | ₹98.62 Cr | +1.98% | — | +2.83% |
| company:18352 | Financial | 1.46% | ₹88.78 Cr | +2.01% | +1.96% | — |
| Sikka Ports and Terminals Ltd. | Energy | 1.22% | ₹74.41 Cr | — | — | — |
| ICICI Securities Ltd. | Financial | 0.99% | ₹59.97 Cr | +1.34% | +6.02% | +1.59% |
| Power Finance Corporation Ltd. | Financial | 0.85% | ₹51.65 Cr | +3.56% | +3.18% | — |
| Manappuram Finance Ltd. | Financial | 0.82% | ₹49.87 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 0.82% | ₹49.83 Cr | +3.96% | +2.25% | +1.58% |
| company:7990 | Financial | 0.82% | ₹49.76 Cr | — | — | — |
| company:9041 | Services | 0.81% | ₹49.40 Cr | — | — | — |
| company:5989 | Financial | 0.81% | ₹49.24 Cr | — | — | +1.57% |
| Aditya Birla Capital Ltd. | Financial | 0.73% | ₹44.29 Cr | +2.67% | +2.96% | +1.57% |
| Export-Import Bank Of India | Financial | 0.44% | ₹26.91 Cr | +2.68% | +2.26% | — |
| Axis Bank Ltd. | Financial | 0.41% | ₹25.00 Cr | — | +4.45% | +3.18% |
| IIFL Finance Ltd. | Financial | 0.41% | ₹24.96 Cr | — | — | +3.97% |
| HSBC InvestDirect Financial Services India Ltd. | Financial | 0.41% | ₹24.91 Cr | — | — | — |
| Julius Baer Capital India Pvt Ltd. | Financial | 0.41% | ₹24.89 Cr | — | — | +3.16% |
| DSP Finance Pvt Ltd. | Financial | 0.41% | ₹24.70 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.05% | ₹2.99 Cr | +1.53% | +5.98% | +5.24% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5085 | 0.00% | 2.46% | +2.46% |
| company:3907 | 0.00% | 2.46% | +2.46% |
| company:11779 | 0.00% | 2.44% | +2.44% |
| company:18495 | 0.00% | 2.43% | +2.43% |
| company:11523 | 0.00% | 2.43% | +2.43% |
| Godrej Properties Ltd. | 2.22% | 0.00% | -2.22% |
| HDFC Securities Ltd. | 5.14% | 3.12% | -2.02% |
| HDFC Bank Ltd. | 2.67% | 0.82% | -1.85% |
| company:18352 | 0.00% | 1.46% | +1.46% |
| LIC Housing Finance Ltd. | 1.44% | 0.00% | -1.44% |
| Motilal Oswal Financial Services Ltd. | 1.33% | 0.00% | -1.33% |
| Aditya Birla Capital Ltd. | 1.77% | 0.73% | -1.04% |
| Small Industries Devp. Bank of India Ltd. | 3.55% | 2.63% | -0.92% |
| Canara Bank | 0.89% | 0.00% | -0.89% |
| Godrej Housing Finance Ltd. | 0.89% | 0.00% | -0.89% |
| Punjab National Bank | 0.89% | 0.00% | -0.89% |
| company:7990 | 0.00% | 0.82% | +0.82% |
| company:9041 | 0.00% | 0.81% | +0.81% |
| company:5989 | 0.00% | 0.81% | +0.81% |
| 360 One Wam Ltd. | 0.45% | 0.00% | -0.45% |
| Cholamandalam Investment and Finance Company Ltd. | 0.44% | 0.00% | -0.44% |
| Reserve Bank of India | 0.46% | 0.05% | -0.41% |
| Bank Of Baroda | 1.33% | 1.63% | +0.29% |
| Bajaj Financial Securities Ltd. | 1.34% | 1.62% | +0.29% |
| REC Ltd. | 3.08% | 2.85% | -0.23% |
| IIFL Home Finance Ltd. | 2.66% | 2.46% | -0.19% |
| Development Bank of Singapore | 2.21% | 2.05% | -0.16% |
| Bajaj Finance Ltd. | 1.93% | 1.79% | -0.14% |
| National Bank For Agriculture & Rural Development | 1.77% | 1.64% | -0.13% |
| Union Bank of India | 1.76% | 1.63% | -0.13% |
| PNB Housing Finance Ltd. | 1.76% | 1.63% | -0.13% |
| Sikka Ports and Terminals Ltd. | 1.32% | 1.22% | -0.10% |
| ICICI Securities Ltd. | 1.06% | 0.99% | -0.08% |
| Power Finance Corporation Ltd. | 0.92% | 0.85% | -0.07% |
| Manappuram Finance Ltd. | 0.88% | 0.82% | -0.07% |
| Export-Import Bank Of India | 0.48% | 0.44% | -0.04% |
| Axis Bank Ltd. | 0.44% | 0.41% | -0.03% |
| HSBC InvestDirect Financial Services India Ltd. | 0.44% | 0.41% | -0.03% |
| Julius Baer Capital India Pvt Ltd. | 0.44% | 0.41% | -0.03% |
| IIFL Finance Ltd. | 0.44% | 0.41% | -0.03% |
| DSP Finance Pvt Ltd. | 0.44% | 0.41% | -0.03% |
| Others | 0.14% | 0.13% | -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 | ₹26,590 Cr | 0.19% | 6.6% | 6.7% | 6.7% |
 Axis Liquid Fund | ₹63,343 Cr | 0.23% | 6.7% | 6.7% | 6.7% |
 DSP Liquid Fund | ₹27,920 Cr | 0.21% | 6.6% | 6.7% | 6.7% |
 Edelweiss Liquid Fund | ₹13,272 Cr | 0.17% | 6.6% | 6.7% | 6.7% |
 Bank of India Liquid Fund | ₹1,825 Cr | 0.15% | 6.7% | 6.7% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme aims to provide current income with high liquidity through 100% investment in debt 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 months3.49% absolute | ₹60,000 | ₹62,094 | 3.49% | |
| 1 year6.48% annualised | ₹1,20,000 | ₹1,24,297 | 3.58% | |
| 3 years6.91% annualised | ₹3,60,000 | ₹4,01,058 | 11.40% | |
| 5 years6.31% annualised | ₹6,00,000 | ₹7,06,985 | 17.83% |
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.
What is the NAV of Franklin India Liquid Fund?
The NAV of Franklin India Liquid Fund is ₹4,241.77 as on 24 Sep 2026.
What is the expense ratio of Franklin India Liquid Fund?
The expense ratio of Franklin India Liquid Fund is 0.20% per year.
What is the minimum SIP amount for Franklin India Liquid Fund?
You can start a SIP in Franklin India Liquid Fund with ₹3,000 a month.
What returns has Franklin India Liquid Fund given?
Franklin India Liquid Fund has returned 6.7% over 1 year, 6.7% over 3 years and 6.7% over 5 years (annualised).
Is there a lock-in or exit load on Franklin India Liquid Fund?
Lock-in: None. Exit load: Exit load of 0.0070% if redeemed within 1 day, 0.0065% if redeemed within 2 days, 0.0060% if redeemed within 3 days, 0.0055% if redeemed within 4 days, 0.0050% if redeemed within 5 days, 0.0045% if redeemed within 6 days..
How risky is Franklin India Liquid Fund?
Franklin India Liquid Fund is rated Low to Moderate on the SEBI riskometer and belongs to the Liquid category.
Which fund house manages Franklin India Liquid Fund?
Franklin India Liquid Fund is managed by Franklin Templeton Mutual Fund, which runs 38 schemes with ₹1,27,382 Cr under management.