| Risk | Low |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.10% |
| NAV | ₹1062.19 (26 Oct 2020) |
|---|---|
| Fund Started | 07 May 2019 |
| Fund Size | ₹412 Cr |
Franklin India Overnight Fund Direct Growth is a Debt Mutual Fund Scheme launched by Franklin Templeton Mutual Fund. This scheme was made available to investors on 07 May 2019. Pallab Roy is the Current Fund Manager of Franklin India Overnight Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹412 Cr and the Latest NAV as of 26 Oct 2020 is ₹1062.19.
The Franklin India Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The Scheme seeks to provide reasonable income along with high liquidity by investing in overnight securities having maturity of 1 business day. There can be no assurance that the investment objective of the scheme will be realized.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.