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Franklin India Overnight Fund Direct Growth+0.01%

3.03%
1 Year Return
Debt
Overnight
1.0star
6M
1Y
All

Fund Details

Franklin India Overnight Fund Direct Growth

RiskLow
Min SIP Amount₹500
Expense Ratio0.10%
NAV₹1083.14 (22 Jun 2021)
Fund Started07 May 2019
Fund Size196 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
3.0%
-
-
3.9%
Category Average
3.0%
4.5%
5.1%
-
Rank Within Category
27
-
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Would have become
0
with 3.0% returns per annum

Comparison

Data not available
Pros
1. Lower expense ratio - 0.1%
2. Exit load is zero
Cons
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

Pallab Roy
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Umesh Sharma
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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.

Scheme Information Document(SID)

₹5000
Min for First Investment
₹1000
Min for Second Investment
Nil
Exit Load

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About Franklin Templeton Mutual Fund

Address
Indiabulls Finance Centre; Tower 2, 12th and 13th Floor; Senapati Bapat Marg; Elphinstone Road (W) Mumbai 400013
Phone
022 - 67519100
Launch Date
19 Feb 1996
Website
NA
Franklin Templeton Mutual Fund
Asset Management Company
Custodian
Hongkong & Shanghai Banking Corporation
Registrar & Transfer Agent
Templeton
Address
Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi
Email
NA
Website
NA
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