Franklin India Overnight Fund Direct Growth

Debt
Overnight
Low Risk
4.99%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
All
NAV: 25 Feb 2024₹1,241.29
Min. SIP amount₹500
Rating1
Fund size₹337.82Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Overnight
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA6.7%5.0%4.6%
Category averageNA6.7%4.9%NA
Rank with in categoryNA2925NA
Understand terms

Holdings (3)

NameSectorInstrumentAssets
FinancialT-Bills1.48%
Reserve Bank of India
FinancialT-Bills1.47%
FinancialT-Bills0.89%

Pros and cons

Category: Debt Overnight

Pros

Cons

Consistently higher annualised returns than category average for the past 1Y and 3Y
Higher expense ratio: 0.11%
Exit load is zero
Low rating: 1
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Higher alpha: 1.44 The fund has generated returns higher than benchmark - CRISIL Liquid Overnight Index - in the last 3Y

Expense ratio, exit load and tax

Expense ratio: 0.11%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund management

Umesh Sharma
May 2019 - Present
View details

Education
Mr. Sharma is a B.Com (H), CS and CA.
Experience
Prior to joining Franklin Templeton Mutual Fund he has worked with ICICI Bank Ltd., UTI Mutual Fund, Invesco Mutual Fund and JM Financials.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit No.202/203/204, 2nd Floor Dalamal Tower, Plot No. 211Free Press Journal Marg, Nariman Point Mumbai 400013
Phone
1800-425-4255 / 60004255
Launch Date
19 Feb 1996
Franklin Templeton Mutual Fund
Asset Management Company
Custodian
Hongkong & Shanghai Banking Corporation
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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