Business Today
Subscribe
PMS TodayUS NewsIndiaUPSTARTWeatherBT ShortsNRIEducationElection
BT India 100BT GolfBT Mindrush
Search

COMPANIES

No Data Found

NEWS

No Data Found
Advertisement
News
mutual funds
franklin india money market fund direct growth
Franklin India Money Market Fund Direct Growth

Franklin India Money Market Fund Direct Growth

  • Low to Moderate Risk
  • Fixed Income
  • Money Market
Share
  • Whatsapp
  • Twitter
  • Facebook
NAV as on Jul 31, 2025
i
Price per unit of the scheme.
₹ 52.26450.02%1 Day Change
0.58%
Minimum Investment₹10000
Expense Ratio0.09%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
4
Scheme Rating
*Morningstar Rating Methodologyi
i

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions
 

bt_logoFUND PERFORMANCE

As On Jan 01, 2023
Compare fund’s performance against category average across different time periods


No Data Found.
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

bt_logoFUND COMPARISON

1M3M6M1Y3Y5Y
This Fund
Franklin India Money Market Fund Direct Growth
VS
Fixed Income: Money Market Average NAV
    Topper in Fixed Income: Money Market
    Tata Money Market Fund Direct Plan Growth
    All Fund


    No Data Found.
    *For the other fund, rescaled NAVs are used
    Share
    • Whatsapp
    • Twitter
    • Facebook

    bt_logoRETURN CALCULATOR

    Check the return on your investment in the fund
    Franklin India Money Market Fund Direct Growth
    Investment Type
    Monthly Investment
    Time Period (yrs)
    Annual Return in %
    • Invested Amount
      ₹0
    • Return
      ₹0
    • Current Value
      ₹0

    bt_logoFUND SUMMARY

    Benchmark
    Nifty Money Market TR INR
    Expense Ratio
    0.09%
    Category Avg Expense Ratio
    0.21%
    Minimum Investment (Lumpsum/SIP)
    ₹ 10000 /₹ 1000
    Lock In (Years)
    No Lock-in
    Fund Size
    ₹ 3,441.02 Cr(As on Jun, 2025)
    Inception Date
    Jan 01, 2013
    Turnover
    - %
    Exit Load
    Nil

    bt_logoABOUT THE FUND

    Objective: To provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.

    Franklin India Money Market Fund Direct Growth is an Fixed Income - Money Market fund. The fund was launched inJan 01, 2013. Its risk level is . The NAV of the fund as onJul 31, 2025 is ₹52.26. Its expense ratio is 0.09 %. The fund has an AUM of ₹3,441.02 Cr.The fund is managed byUmesh Sharma,Pallab Roy,Rahul Goswami,Chandni Gupta,Rohan Maru.
    The minimum initial investment is  ₹10000 in Lumpsum mode.

    SUBSCRIBE TO
    BUSINESS TODAY MAGAZINE
    Subscribe Now
    Already a subscriber?Login

    bt_logoFUND MANAGER

    Umesh Sharma
    Umesh Sharma
    i
    Lead Fund Manager.
    Oct 25, 2018 - Present
    • Fund Manager Rank11Out of 20
      i
      Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
    • Schemes managed14
    • Total AUM₹ 14,858.07 Cr
    • Highest Return In 1 Yr308.96 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Franklin India Equity Hybrid Fund Direct Growth
    ₹ 309.53
    -1.06%
    -1.17%
    Very High Risk
    ₹2,248.32Cr
    Franklin India Dynamic Accrual Fund Segregated Portfolio 2 Direct Growth
    --
    ₹ 3.21
    258.95%
    -%
    Low Risk
    ₹29.52Cr
    Franklin India Banking & PSU Debt Fund Direct Growth
    ₹ 23.67
    0.63%
    0.52%
    Moderate Risk
    ₹543.34Cr
    Franklin India Equity Hybrid Fund Direct Growth
    Very High Risk
    • NAV₹ 309.53
    • Fund Size₹2,248.32Cr
    Fund Return-1.06%
    Category Return-1.17%
    Franklin India Dynamic Accrual Fund Segregated Portfolio 2 Direct Growth
    Low Risk--
    • NAV₹ 3.21
    • Fund Size₹29.52Cr
    Fund Return258.95%
    Category Return--
    Franklin India Banking & PSU Debt Fund Direct Growth
    Moderate Risk
    • NAV₹ 23.67
    • Fund Size₹543.34Cr
    Fund Return0.63%
    Category Return0.52%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Rohan Maru
    Rohan Maru
    i
    Lead Fund Manager.
    Oct 10, 2024 - Present
    • Fund Manager Rank11Out of 20
      i
      Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
    • Schemes managed16
    • Total AUM₹ 1,45,540.88 Cr
    • Highest Return In 1 Yr14.60 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    ICICI Prudential Savings Fund Direct Plan Growth
    ₹ 555.74
    0.62%
    0.42%
    Low to Moderate Risk
    ₹25,546.71Cr
    ICICI Prudential Equity Arbitrage Fund Direct Plan Growth
    --
    ₹ 36.99
    0.54%
    0.44%
    Low Risk
    ₹30,810.84Cr
    ICICI Prudential US Bluechip Equity Fund Direct Plan Growth
    --
    ₹ 74.23
    6.06%
    -%
    Very High Risk
    ₹3,112.72Cr
    ICICI Prudential Savings Fund Direct Plan Growth
    Low to Moderate Risk
    • NAV₹ 555.74
    • Fund Size₹25,546.71Cr
    Fund Return0.62%
    Category Return0.42%
    ICICI Prudential Equity Arbitrage Fund Direct Plan Growth
    Low Risk--
    • NAV₹ 36.99
    • Fund Size₹30,810.84Cr
    Fund Return0.54%
    Category Return0.44%
    ICICI Prudential US Bluechip Equity Fund Direct Plan Growth
    Very High Risk--
    • NAV₹ 74.23
    • Fund Size₹3,112.72Cr
    Fund Return6.06%
    Category Return--
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Pallab Roy
    Pallab Roy
    i
    Lead Fund Manager.
    Jun 25, 2008 - Present
    • Schemes managed8
    • Total AUM₹ 8,476.89 Cr
    • Highest Return In 1 Yr14.60 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    Franklin India Floating Rate Direct Growth
    ₹ 45.06
    0.73%
    0.52%
    Low to Moderate Risk
    ₹358.30Cr
    Franklin India Liquid Super Institutional Plan Direct Growth
    --
    ₹ 3,982.96
    0.50%
    0.38%
    Low to Moderate Risk
    ₹2,675.66Cr
    Franklin India Money Market Fund Direct Growth
    ₹ 52.26
    0.58%
    0.45%
    Low to Moderate Risk
    ₹3,441.02Cr
    Franklin India Floating Rate Direct Growth
    Low to Moderate Risk
    • NAV₹ 45.06
    • Fund Size₹358.30Cr
    Fund Return0.73%
    Category Return0.52%
    Franklin India Liquid Super Institutional Plan Direct Growth
    Low to Moderate Risk--
    • NAV₹ 3,982.96
    • Fund Size₹2,675.66Cr
    Fund Return0.50%
    Category Return0.38%
    Franklin India Money Market Fund Direct Growth
    Low to Moderate Risk
    • NAV₹ 52.26
    • Fund Size₹3,441.02Cr
    Fund Return0.58%
    Category Return0.45%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Rahul Goswami
    Rahul Goswami
    i
    Lead Fund Manager.
    Oct 6, 2023 - Present
    • Schemes managed8
    • Total AUM₹ 7,553.74 Cr
    • Highest Return In 1 Yr14.60 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    ICICI Prudential Fixed Maturity Plan 85 1114 Days V Direct Cumulative
    --
    --
    -%
    -%
    Moderate Risk
    ₹0.00Cr
    Franklin India Money Market Fund Direct Growth
    ₹ 52.26
    0.58%
    0.45%
    Low to Moderate Risk
    ₹3,441.02Cr
    Franklin India Government Securities Fund Direct Growth
    ₹ 64.41
    0.45%
    0.43%
    Low to Moderate Risk
    ₹155.21Cr
    ICICI Prudential Fixed Maturity Plan 85 1114 Days V Direct Cumulative
    Moderate Risk--
    • NAV--
    • Fund Size₹0.00Cr
    Fund Return--
    Category Return--
    Franklin India Money Market Fund Direct Growth
    Low to Moderate Risk
    • NAV₹ 52.26
    • Fund Size₹3,441.02Cr
    Fund Return0.58%
    Category Return0.45%
    Franklin India Government Securities Fund Direct Growth
    Low to Moderate Risk
    • NAV₹ 64.41
    • Fund Size₹155.21Cr
    Fund Return0.45%
    Category Return0.43%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
    Chandni Gupta
    Chandni Gupta
    i
    Lead Fund Manager.
    Apr 30, 2024 - Present
    • Schemes managed19
    • Total AUM₹ 42,838.42 Cr
    • Highest Return In 1 Yr10.73 %
    Other Funds
    • table
    • card
    1M
    3M
    6M
    1Y
    3Y
    5Y
    Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size
    ICICI Prudential Nifty SDL Sep 2027 Index Fund Direct Growth
    --
    ₹ 12.50
    0.68%
    -%
    Moderate Risk
    ₹1,750.51Cr
    ICICI Prudential Nifty G-Sec Dec 2030 Index Fund Direct Growth
    --
    ₹ 12.79
    0.57%
    -%
    Moderate Risk
    ₹957.42Cr
    ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth
    ₹ 34.42
    0.62%
    0.52%
    Low to Moderate Risk
    ₹10,588.38Cr
    ICICI Prudential Nifty SDL Sep 2027 Index Fund Direct Growth
    Moderate Risk--
    • NAV₹ 12.50
    • Fund Size₹1,750.51Cr
    Fund Return0.68%
    Category Return--
    ICICI Prudential Nifty G-Sec Dec 2030 Index Fund Direct Growth
    Moderate Risk--
    • NAV₹ 12.79
    • Fund Size₹957.42Cr
    Fund Return0.57%
    Category Return--
    ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth
    Low to Moderate Risk
    • NAV₹ 34.42
    • Fund Size₹10,588.38Cr
    Fund Return0.62%
    Category Return0.52%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoDETAILED PORTFOLIO

    As on Jul, 2025
    EQUITY (-%)
    DEBT (13.13%)
    CASH (86.64%)
    Allocation by Market Cap
    Other Cap(0.23%)
    Industry Holdings
    No Data For Allocation
    Stock Holdings
    No Data For Allocation

    bt_logoPERFORMANCE MEASURES

    Fund evaluation across critical parameters for better decision making. Study period is 3 years.
    • Consistency
      i
      It represents the consistency of a fund in beating its benchmark.
    • Downside Risk
      i
      Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
      ----
    • Risk Adjusted Return
      i
      Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
    • Volatility
      i
      Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
    • Upside Capture Ratio
      i
      Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
    • Downside Capture Ratio
      i
      Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
      ----

    bt_logoHISTORICAL RISK MEASURES

    Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
    • Alpha: Excess return of the fund over benchmark
      i
      Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
      -0.27
      This Fund
      VS
      -0.52
      Category Avg
    • R-Squared: How well the fund tracks benchmark
      i
      R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
      62.13
      This Fund
      VS
      47.44
      Category Avg
    • Beta: Risk of the fund in relation to benchmark
      i
      Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
      3.99
      This Fund
      VS
      3.16
      Category Avg
    • Sharpe Ratio: Risk adjusted return of the fund
      i
      Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
      2.09
      This Fund
      VS
      1.03
      Category Avg
    • Sortino Ratio: Return per unit of bad risk
      i
      A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
      7.77
      This Fund
      VS
      4.09
      Category Avg
    • Standard Devation: Volatility of the fund
      i
      Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
      0.40
      This Fund
      VS
      0.54
      Category Avg
    Benchmark used in calculation : S&P BSE 500 India TR INR

    bt_logoPEER ANALYSIS

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size
    Tata Money Market Fund Direct Plan GrowthTata Money Market Fund Direct Plan Growth
    ₹ 4,850.39
    0.59%
    0.45%
    Low to Moderate Risk
    ₹ 32,550.91 Cr
    Axis Money Market Fund Direct GrowthAxis Money Market Fund Direct Growth
    ₹ 1,456.06
    0.59%
    0.45%
    Low to Moderate Risk
    ₹ 18,168.60 Cr
    Baroda BNP Paribas Money Market Fund Direct GrowthBaroda BNP Paribas Money Market Fund Direct Growth
    ₹ 1,409.82
    0.58%
    0.45%
    Low to Moderate Risk
    ₹ 1,531.71 Cr
    Nippon India Money Market Fund Direct Plan Growth OptionNippon India Money Market Fund Direct Plan Growth Option
    ₹ 4,239.49
    0.58%
    0.45%
    Low to Moderate Risk
    ₹ 20,190.74 Cr
    Sundaram Money Market Direct GrowthSundaram Money Market Direct Growth
    ₹ 15.22
    0.58%
    0.45%
    Low to Moderate Risk
    ₹ 1,396.44 Cr
    Franklin India Money Market Fund Direct GrowthFranklin India Money Market Fund Direct Growth
    ₹ 52.26
    0.58%
    0.45%
    Low to Moderate Risk
    ₹ 3,441.02 Cr
    Tata Money Market Fund Direct Plan Growth
    Low to Moderate Risk
    • NAV₹ 4,850.39
    • Fund Size₹ 32,550.91 Cr
    Fund Return0.59%
    Category Return0.45%
    Axis Money Market Fund Direct Growth
    Low to Moderate Risk
    • NAV₹ 1,456.06
    • Fund Size₹ 18,168.60 Cr
    Fund Return0.59%
    Category Return0.45%
    Baroda BNP Paribas Money Market Fund Direct Growth
    Low to Moderate Risk
    • NAV₹ 1,409.82
    • Fund Size₹ 1,531.71 Cr
    Fund Return0.58%
    Category Return0.45%
    Nippon India Money Market Fund Direct Plan Growth Option
    Low to Moderate Risk
    • NAV₹ 4,239.49
    • Fund Size₹ 20,190.74 Cr
    Fund Return0.58%
    Category Return0.45%
    Sundaram Money Market Direct Growth
    Low to Moderate Risk
    • NAV₹ 15.22
    • Fund Size₹ 1,396.44 Cr
    Fund Return0.58%
    Category Return0.45%
    Franklin India Money Market Fund Direct Growth
    Low to Moderate Risk
    • NAV₹ 52.26
    • Fund Size₹ 3,441.02 Cr
    Fund Return0.58%
    Category Return0.45%
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoTOP FUNDS FROM THIS AMC

    1M
    3M
    6M
    1Y
    3Y
    5Y
    • card
    • table
    Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)
    Franklin India Income Opportunities Fund Segregated Portfolio 2 Direct GrowthFranklin India Income Opportunities Fund Segregated Portfolio 2 Direct Growth
    --
    ₹ 2.04
    259.06%
    --
    Moderate Risk
    ₹ 45.54 Cr
    Franklin India Short Term Income Plan Segregated Portfolio 2 Retail Plan Direct GrowthFranklin India Short Term Income Plan Segregated Portfolio 2 Retail Plan Direct Growth
    --
    ₹ 371.80
    259.05%
    --
    Moderate Risk
    ₹ 164.26 Cr
    Franklin India Credit Risk Fund Segregated Portfolio 2 Direct GrowthFranklin India Credit Risk Fund Segregated Portfolio 2 Direct Growth
    --
    ₹ 2.17
    259.05%
    --
    Very High Risk
    ₹ 105.84 Cr
    Franklin India Dynamic Accrual Fund Segregated Portfolio 2 Direct GrowthFranklin India Dynamic Accrual Fund Segregated Portfolio 2 Direct Growth
    --
    ₹ 3.21
    258.95%
    --
    Low Risk
    ₹ 29.52 Cr
    Franklin India Low Duration Fund Segregated Portfolio 2 Direct GrowthFranklin India Low Duration Fund Segregated Portfolio 2 Direct Growth
    --
    ₹ 1.39
    258.80%
    --
    Moderate Risk
    ₹ 47.42 Cr
    Franklin India Short Term Income Plan Direct Plan GrowthFranklin India Short Term Income Plan Direct Plan Growth
    ₹ 15,097.54
    192.10%
    --
    Moderate Risk
    ₹ 12.51 Cr
    Franklin India Income Opportunities Fund Segregated Portfolio 2 Direct Growth
    Moderate Risk--
    • NAV₹ 2.04
    • Fund Size₹ 45.54 Cr
    1 Month Return259.06%
    Category Return--
    Franklin India Short Term Income Plan Segregated Portfolio 2 Retail Plan Direct Growth
    Moderate Risk--
    • NAV₹ 371.80
    • Fund Size₹ 164.26 Cr
    1 Month Return259.05%
    Category Return--
    Franklin India Credit Risk Fund Segregated Portfolio 2 Direct Growth
    Very High Risk--
    • NAV₹ 2.17
    • Fund Size₹ 105.84 Cr
    1 Month Return259.05%
    Category Return--
    Franklin India Dynamic Accrual Fund Segregated Portfolio 2 Direct Growth
    Low Risk--
    • NAV₹ 3.21
    • Fund Size₹ 29.52 Cr
    1 Month Return258.95%
    Category Return--
    Franklin India Low Duration Fund Segregated Portfolio 2 Direct Growth
    Moderate Risk--
    • NAV₹ 1.39
    • Fund Size₹ 47.42 Cr
    1 Month Return258.80%
    Category Return--
    Franklin India Short Term Income Plan Direct Plan Growth
    Moderate Risk
    • NAV₹ 15,097.54
    • Fund Size₹ 12.51 Cr
    1 Month Return192.10%
    Category Return--
    Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

    bt_logoABOUT THE AMC

    company icon
    Franklin Templeton Asst Mgmt(IND)Pvt Ltd
    Franklin Templeton Asst Mgmt(IND)Pvt Ltd manages assets worth ₹ 1,16,485.55 crores. It’s current offering of mutual fund schemes includes 16 equity, 19 debt and 7 hybrid schemes.
    phone icon
    Phone
    +91 22 - 67519100
    mail icon
    Email
    services@franklintempleton.com
    aum
    AUM
    ₹ 1,16,485.55 Cr (
    As on Jun 30, 2025
    )
    location
    Address
    Senapati Bapat Marg, Elphinstone Road (West), Mumbai Mumbai,400 013

    bt_logoFAQ's

    What is the category of Franklin India Money Market Fund Direct Growth ?
    The category of Franklin India Money Market Fund Direct Growth is Fixed Income - Money Market
    What is the current NAV of Franklin India Money Market Fund Direct Growth ?
    The current NAV of Franklin India Money Market Fund Direct Growth as on Jul 31, 2025 is ₹52.26
    How safe is Franklin India Money Market Fund Direct Growth ?
    The risk level of Franklin India Money Market Fund Direct Growth is Low to Moderate.
    What are short term returns given by Franklin India Money Market Fund Direct Growth ?
    The return given by Franklin India Money Market Fund Direct Growth in 1 month is 0.58%, 3 months is 1.91%, 6 months is 4.34%, and 1 year is 8.23%
    What are the long term returns given by Franklin India Money Market Fund Direct Growth ?
    The return given by Franklin India Money Market Fund Direct Growth in 3 years is 7.61% and 5 years is 6.04%.
    What is the expense ratio of Franklin India Money Market Fund Direct Growth ?
    The expense ratio of Franklin India Money Market Fund Direct Growth is 0.09%
    What is the AUM of Franklin India Money Market Fund Direct Growth ?
    The assets under Management (AUM) of Franklin India Money Market Fund Direct Growth is Rs 3,441.02 crores.
    What is the minimum investment in Franklin India Money Market Fund Direct Growth ?
    The minimum Lumpsum investment in Franklin India Money Market Fund Direct Growth is ₹10,000.00 and the minimum SIP investment in Franklin India Money Market Fund Direct Growth is ₹1,000.00
    What is the asset allocation of Franklin India Money Market Fund Direct Growth?
    Franklin India Money Market Fund Direct Growth has an exposure of 13.13% in Debt and 86.64% in Cash & Money Market Securities

    bt_logoCALCULATORS

    calculatorIncome Tax Calculatorsip calculatorSIP Calculatorfd calculatorFD Calculatordividend yield calculatorDividend Yield Calculatorlump sum calculatorLump-Sum Calculatorcagr calculator CAGR Calculatortop up sip calculatorTop-Up Calculatorlatter factor calculatorLatte Factor Calculator

    bt_logoTop Stories