Franklin India Money Market Fund
- NAV as on 9 Nov 2026
- ₹54.64+0.07%1 day
- Return since launch
- 7.1%
- 52-week range
- ₹51.36 — ₹54.60
- AUM
- ₹3,887 Cr
Franklin India Money Market Fund is a Money Market debt fund from Franklin Templeton Mutual Fund with ₹3,887 Cr under management, launched in 2002. Over three years it has returned 6.9% a year, against 7.0% for its category. The expense ratio is 0.30% and the SEBI riskometer reading is Low to Moderate.
Performance
Franklin India Money Market Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.3% against +6.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 6.5% | +0.3 pts | 6.2% | 6.3% |
| 2Y | 6.6% | +0.2 pts | 6.4% | 6.5% |
| 3Y | 6.9% | −0.1 pts | 7.0% | 6.8% |
| 5Y | 7.0% | +0.6 pts | 6.4% | 6.8% |
| 7Y | 6.5% | +0.1 pts | 6.4% | 6.4% |
| 10Y | 6.5% | +0.2 pts | 6.3% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.4% | 0.0 pts | 0.3% | 0.3% |
| 3M | 1.5% | +0.1 pts | 1.4% | 1.4% |
| 6M | 3.4% | +0.1 pts | 3.3% | 3.3% |
| 1Y | 6.3% | +0.2 pts | 6.2% | 6.2% |
| 2Y | 7.0% | +0.2 pts | 6.7% | 6.8% |
| 3Y | 7.2% | +0.2 pts | 7.0% | 7.0% |
| 5Y | 6.5% | +0.1 pts | 6.4% | 6.4% |
| 7Y | 6.1% | +0.1 pts | 6.0% | 5.9% |
| 10Y | 6.6% | +0.3 pts | 6.3% | 6.5% |
Since launch (21 Jan 2002): 7.1%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.4% | −0.1 pts | 7.5% |
| 2024 | 7.6% | −0.1 pts | 7.6% |
| 2023 | 7.3% | −0.1 pts | 7.3% |
| 2022 | 4.4% | −0.3 pts | 4.7% |
| 2021 | 3.6% | −0.2 pts | 3.8% |
| 2020 | 6.0% | −0.1 pts | 6.1% |
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
0.30%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.26%
- Brokerage
- 0.00%
- Transaction charges
- 0.00%
- Statutory levies
- 0.04%
- Exit load
- Exit load of 0.50% if redeemed within 90 days
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹10,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Money Market Index A-I
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 | 2.48 | 2.13 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 3.74 | 3.15 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 0.56 | 0.55 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
Franklin India Money Market Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Debt78.0%
- Other22.0%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 22.33% | ₹868 Cr | +0.82% | +0.80% | +0.79% |
| Bajaj Housing Finance Ltd. | Financial | 7.51% | ₹292 Cr | +7.32% | +7.10% | — |
| Piramal Finance Ltd. | Financial | 6.78% | ₹263 Cr | +6.59% | +6.38% | — |
| HDFC Bank Ltd. | Financial | 6.26% | ₹243 Cr | +6.11% | +5.92% | +1.36% |
| Uttar Pradesh State | Others | 5.23% | ₹203 Cr | +10.51% | — | — |
| Qatar National Bank | Financial | 5.05% | ₹196 Cr | — | — | — |
| IDBI Bank Ltd. | Financial | 4.99% | ₹194 Cr | +4.86% | +4.72% | +2.05% |
| Embassy Office Parks REIT | Construction | 4.99% | ₹194 Cr | +4.86% | +4.72% | — |
| National Bank For Agriculture & Rural Development | Financial | 3.77% | ₹147 Cr | +3.68% | +3.57% | +2.04% |
| L&T Finance Ltd. | Financial | 3.67% | ₹142 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 3.14% | ₹122 Cr | +3.07% | +2.98% | +1.36% |
| Bank Of Baroda | Financial | 2.54% | ₹98.79 Cr | +0.62% | +2.40% | +0.68% |
| Axis Bank Ltd. | Financial | 2.52% | ₹98.10 Cr | +2.47% | +2.40% | +3.05% |
| Kotak Mahindra Bank Ltd. | Financial | 1.90% | ₹73.97 Cr | +1.85% | — | +1.37% |
| Arka Fincap Ltd. | Financial | 1.87% | ₹72.61 Cr | +1.82% | +1.76% | — |
| Standard Chartered Securities (India) Ltd. | Financial | 1.87% | ₹72.54 Cr | +1.82% | +1.76% | — |
| Union Bank of India | Financial | 1.27% | ₹49.41 Cr | +1.86% | +3.58% | +2.74% |
| Credila Financial Services Ltd. | Financial | 1.24% | ₹48.33 Cr | +1.21% | +1.17% | — |
| Infina Finance Pvt. Ltd. | Financial | 1.23% | ₹47.61 Cr | — | — | — |
| Kotak Mahindra Prime Ltd. | Financial | 1.22% | ₹47.36 Cr | +1.19% | — | — |
| Canara Bank | Financial | 0.63% | ₹24.46 Cr | +1.83% | +2.38% | +4.08% |
| Telangana State | Financial | 0.27% | ₹10.36 Cr | +0.26% | — | — |
| West Bengal State | Others | 0.13% | ₹5.13 Cr | +0.13% | +0.13% | — |
| Punjab State | Others | 0.13% | ₹5.07 Cr | +0.13% | — | — |
| DBS Bank India Ltd. | Financial | -3.86% | ₹-150.00 Cr | — | — | — |
| ICICI Securities Primary Dealership Ltd. | Financial | -5.15% | ₹-200.00 Cr | -5.10% | — | — |
| IDFC First Bank Ltd. | Financial | -5.15% | ₹-200.00 Cr | -5.10% | — | — |
| Standard Chartered Bank | Financial | -5.15% | ₹-200.00 Cr | -10.20% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Qatar National Bank | 0.00% | 5.05% | +5.05% |
| Uttar Pradesh State | 9.90% | 5.23% | -4.66% |
| company:5500 | 1.85% | 0.00% | -1.85% |
| Union Bank of India | 2.52% | 1.27% | -1.25% |
| Canara Bank | 1.84% | 0.63% | -1.21% |
| Bajaj Housing Finance Ltd. | 7.37% | 7.51% | +0.14% |
| Piramal Finance Ltd. | 6.65% | 6.78% | +0.13% |
| HDFC Bank Ltd. | 6.15% | 6.26% | +0.11% |
| Embassy Office Parks REIT | 4.90% | 4.99% | +0.09% |
| IDBI Bank Ltd. | 4.90% | 4.99% | +0.09% |
| National Bank For Agriculture & Rural Development | 3.71% | 3.77% | +0.07% |
| L&T Finance Ltd. | 3.60% | 3.67% | +0.07% |
| ICICI Securities Primary Dealership Ltd. | -5.08% | -5.15% | -0.07% |
| IDFC First Bank Ltd. | -5.08% | -5.15% | -0.07% |
| Standard Chartered Bank | -5.08% | -5.15% | -0.07% |
| Small Industries Devp. Bank of India Ltd. | 3.09% | 3.14% | +0.06% |
| DBS Bank India Ltd. | -3.81% | -3.86% | -0.05% |
| Bank Of Baroda | 2.50% | 2.54% | +0.05% |
| Axis Bank Ltd. | 2.48% | 2.52% | +0.05% |
| Standard Chartered Securities (India) Ltd. | 1.83% | 1.87% | +0.04% |
| Kotak Mahindra Bank Ltd. | 1.87% | 1.90% | +0.04% |
| Arka Fincap Ltd. | 1.83% | 1.87% | +0.03% |
| Credila Financial Services Ltd. | 1.22% | 1.24% | +0.02% |
| Infina Finance Pvt. Ltd. | 1.20% | 1.23% | +0.02% |
| Kotak Mahindra Prime Ltd. | 1.20% | 1.22% | +0.02% |
| Others | 0.28% | 0.29% | 0.00% |
| Telangana State | 0.26% | 0.27% | 0.00% |
| Punjab State | 0.13% | 0.13% | 0.00% |
| West Bengal State | 0.13% | 0.13% | 0.00% |
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 | ₹16,350 Cr | 0.35% | 6.5% | 6.8% | 7.0% |
 Aditya Birla Sun Life Money Market Fund | ₹25,875 Cr | 0.37% | 6.5% | 6.9% | 7.0% |
 Axis Money Market Fund | ₹19,507 Cr | 0.36% | 6.5% | 6.9% | 7.0% |
 UTI Money Market Fund | ₹16,039 Cr | 0.29% | 6.5% | 6.9% | 7.0% |
 LIC MF Money Market Fund | ₹3,979 Cr | 0.38% | 6.4% | 6.4% | — |
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 money market instruments.
Fund managers
- Chandni GuptaShe holds B.E. degree in IT and CFA degree from CFA Institute, USA.Prior to joining Franklin India Mutual Fund, she has worked with ICICI Prudential Asset Management Company Limited Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.
- Rahul GoswamiMr. Goswami is a B. Sc (Mathematics and MBA (Finance)Prior to joining Franklin Templeton Mutual Fund, he has worked with ICICI Prudential AMC , UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
- 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 months3.35% absolute | ₹60,000 | ₹62,010 | 3.35% | |
| 1 year6.33% annualised | ₹1,20,000 | ₹1,24,195 | 3.50% | |
| 3 years7.18% annualised | ₹3,60,000 | ₹4,02,778 | 11.88% | |
| 5 years6.54% annualised | ₹6,00,000 | ₹7,11,325 | 18.55% |
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.