Fund Details
Franklin India Overnight Fund Direct Growth
| Risk | Low |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.10% |
| NAV | ₹1083.14 (22 Jun 2021) |
|---|---|
| Fund Started | 07 May 2019 |
| Fund Size | ₹196 Cr |
Returns
Comparison
1. Lower expense ratio - 0.1%
2. Exit load is zero
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years
Fund Managers
Franklin India Overnight Fund Direct Growth Details
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 ₹196 Cr and the Latest NAV as of 22 Jun 2021 is ₹1083.14.
The Franklin India Overnight Fund Direct Growth is rated Low risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
Investment Objective
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.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
