Franklin India Ultra Short Term Fund
- NAV as on 24 Sep 2026
- ₹11.440.00%1 day
- Return since launch
- 6.7%
- 52-week range
- ₹10.79 — ₹11.44
- AUM
- ₹281 Cr
Franklin India Ultra Short Term Fund is a Ultra Short Duration debt fund from Franklin Templeton Mutual Fund with ₹281 Cr under management, launched in 2024. The expense ratio is 0.72% and the SEBI riskometer reading is Low to Moderate.
Performance
Franklin India Ultra Short Term Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +6.1% 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 | 6.3% | +0.2 pts | 6.1% | 6.5% |
| 2Y | 6.4% | +0.1 pts | 6.3% | 6.5% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.5% | 0.0 pts | 0.5% | 0.5% |
| 3M | 1.5% | 0.0 pts | 1.6% | 1.6% |
| 6M | 3.3% | −0.2 pts | 3.5% | 3.5% |
| 1Y | 6.1% | 0.0 pts | 6.1% | 6.3% |
| 2Y | 6.7% | +0.2 pts | 6.5% | 6.7% |
Since launch (19 Aug 2024): 6.7%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 7.0% | −0.2 pts | 7.2% |
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
0.72%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.61%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.10%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Ultra Short Duration Debt 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.
Portfolio
Franklin India Ultra Short Term Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt81.6%
- Other18.4%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 18.71% | ₹52.67 Cr | +0.93% | +1.06% | +0.87% |
| Sundaram Home Finance Ltd. | Financial | 9.18% | ₹25.85 Cr | +7.79% | +9.50% | — |
| Indian Railway Finance Corporation Ltd. | Financial | 9.13% | ₹25.71 Cr | +7.77% | — | — |
| National Housing Bank | Financial | 9.03% | ₹25.42 Cr | — | — | — |
| Sundaram Finance Ltd. | Financial | 8.99% | ₹25.31 Cr | — | — | — |
| Small Industries Devp. Bank of India Ltd. | Financial | 8.82% | ₹24.82 Cr | +7.50% | +8.26% | +8.00% |
| National Bank For Agriculture & Rural Development | Financial | 8.64% | ₹24.32 Cr | +7.33% | +8.30% | — |
| HDFC Bank Ltd. | Financial | 8.58% | ₹24.15 Cr | — | +8.27% | +7.99% |
| Jubilant Bevco Ltd. | Consumer Staples | 6.99% | ₹19.69 Cr | +5.92% | +6.76% | +5.97% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 5.15% | ₹14.51 Cr | — | — | — |
| Nagaland State | Others | 3.68% | ₹10.36 Cr | +3.15% | +3.69% | — |
| GOI | Sovereign | 3.67% | ₹10.34 Cr | +3.14% | +3.66% | +5.07% |
| Assam State | Others | 3.59% | ₹10.12 Cr | — | — | — |
| Credila Financial Services Ltd. | Financial | 3.41% | ₹9.61 Cr | +2.89% | — | — |
| Jubilant Beverages Ltd. | Consumer Staples | 3.09% | ₹8.69 Cr | +2.61% | +2.98% | +2.64% |
| Piramal Finance Ltd. | Financial | 1.75% | ₹4.94 Cr | +1.49% | +1.67% | — |
| ICICI Securities Primary Dealership Ltd. | Financial | -3.55% | ₹-10.00 Cr | -13.89% | — | — |
| Standard Chartered Bank | Financial | -8.88% | ₹-25.00 Cr | -15.44% | -8.84% | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| ICICI Securities Primary Dealership Ltd. | -15.59% | -3.55% | +12.04% |
| DBS Bank India Ltd. | -8.66% | 0.00% | +8.66% |
| Standard Chartered Bank | -17.32% | -8.88% | +8.44% |
| Union Bank of India | 3.32% | 0.00% | -3.32% |
| Power Finance Corporation Ltd. | 1.86% | 0.00% | -1.86% |
| Sundaram Home Finance Ltd. | 8.90% | 9.18% | +0.29% |
| Indian Railway Finance Corporation Ltd. | 8.85% | 9.13% | +0.28% |
| Sundaram Finance Ltd. | 8.72% | 8.99% | +0.28% |
| Small Industries Devp. Bank of India Ltd. | 8.54% | 8.82% | +0.27% |
| National Bank For Agriculture & Rural Development | 8.37% | 8.64% | +0.27% |
| HDFC Bank Ltd. | 8.31% | 8.58% | +0.27% |
| National Housing Bank | 8.76% | 9.03% | +0.27% |
| Jubilant Bevco Ltd. | 6.79% | 6.99% | +0.21% |
| Mahindra & Mahindra Financial Services Ltd. | 4.99% | 5.15% | +0.16% |
| GOI | 3.56% | 3.67% | +0.11% |
| Nagaland State | 3.57% | 3.68% | +0.11% |
| Credila Financial Services Ltd. | 3.31% | 3.41% | +0.10% |
| Jubilant Beverages Ltd. | 3.00% | 3.09% | +0.09% |
| Piramal Finance Ltd. | 1.70% | 1.75% | +0.06% |
| Assam State | 3.61% | 3.59% | -0.02% |
| Others | 0.29% | 0.30% | +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 | ₹1,772 Cr | 0.31% | 7.0% | 6.8% | 6.8% |
 HSBC Ultra Short Term Fund | ₹3,628 Cr | 0.38% | 6.8% | 6.8% | 6.8% |
 HDFC CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹2,264 Cr | 0.25% | 7.2% | — | — |
 Aditya Birla Sun Life CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund | ₹2,164 Cr | 0.37% | 7.1% | — | — |
 ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹533 Cr | 0.22% | 7.1% | — | — |
 Kotak CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | ₹270 Cr | 0.35% | 6.8% | — | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to to provide a combination of regular income and high liquidity by investing primarily in a mix of short term 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.
- 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 months3.32% absolute | ₹60,000 | ₹61,992 | 3.32% | |
| 1 year6.07% annualised | ₹1,20,000 | ₹1,24,020 | 3.35% |
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.