Franklin India Money Market Fund

Q: What are the returns of this mutual fund scheme?

The Franklin India Money Market Fund is a 23 yrs 9 m old fund and has delivered average annual returns of 7.12% since inception. Franklin India Money Market Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.62% 7.51% 5.95% 6.76% 7.12%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹51.2119+0.05% 1 day change	7.12% p.a.	App exclusive #NA View Ranked Funds	₹3,580 Cr

Historical NAV & returns

NAV: ₹51.2119 as on Oct 20, 2025

This fund Category average

Franklin India Money Market Fund overview

AUM (Fund size)	₹3,580 Cr
Exit load	0%
Lock-in Period	Nil
Age	23 yrs 9 m since Jan 21, 2002
Benchmark	NIFTY Money Market Index A-I
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Expense ratio	0.3% as on Sep 30, 2025
Plan type	Regular
Risk	Low to Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Franklin India Money Market Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Oct 25, 2025

Period	This fund	Category average
1 Month	0.47%	0.47%
3 Months	1.38%	1.36%
6 Months	3.28%	3.22%
1 Year	7.62%	7.36%
2 Years	7.61%	7.36%
3 Years	7.51%	7.26%
4 Years	6.56%	6.42%
5 Years	5.95%	5.85%
7 Years	6.47%	6.3%
10 Years	6.76%	6.51%

Asset allocationas on Sep 30, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

A1+ 91.36040482%

SOV 13.54664691%

Others 0.26192397%

Cash & Call Money -5.16897596%

Top Debt Holdings

Reserve Bank of India 12.16%

National Bank For Agriculture & Rural Development 10.23%

Axis Bank Ltd. 7.98%

Bank Of Baroda 7.55%

Allocation by Instruments

Certificate of Deposit 66.38715555%

Commercial Paper 24.973249269999997%

Treasury Bills 12.16451483%

State Development Loan 1.3821320799999999%

Other Holdings

Others 0.26%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Franklin India Money Market Fund	0.47%	3.28%	7.62%	7.51%	5.95%	6.76%
UTI Money Market Fund	0.49%	3.33%	7.66%	7.61%	6.15%	6.76%
Sundaram Money Market Fund	0.48%	3.3%	7.53%	7.31%	5.86%	4.35%
Nippon India Money Market Fund	0.48%	3.33%	7.61%	7.58%	6.16%	6.77%
Tata Money Market Fund	0.48%	3.3%	7.6%	7.57%	6.14%	5.98%
Aditya Birla Sun Life Money Manager Fund	0.49%	3.32%	7.59%	7.6%	6.15%	6.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Franklin India Money Market Fund	0.36	0.91	2.6	5.03
UTI Money Market Fund	0.32	0.8	3.21	6.79
Sundaram Money Market Fund	0.33	0.85	2.36	4.87
Nippon India Money Market Fund	0.33	0.82	3.04	6.25
Tata Money Market Fund	0.33	0.83	3.02	6.02
Aditya Birla Sun Life Money Manager Fund	0.31	0.78	3.29	6.39

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Franklin India Money Market Fund	N.A.	3,580 Cr	23 yrs 9 m	0.3%
UTI Money Market Fund	N.A.	18,862 Cr	16 yrs 3 m	0.22%
Sundaram Money Market Fund	N.A.	1,761 Cr	7 yrs 1 m	0.29%
Nippon India Money Market Fund	N.A.	23,246 Cr	20 yrs 4 m	0.38%
Tata Money Market Fund	N.A.	38,808 Cr	22 yrs 5 m	0.4%
Aditya Birla Sun Life Money Manager Fund	N.A.	26,757 Cr	20 yrs	0.36%

View all Money Market funds

Key risk & return ratios Compared to other funds in the category

Alpha	2.56 vs. 3.39 Underperformed at beating benchmark
Sharpe	2.6 vs. 3.65 Poor risk-adjusted returns
Beta	0.91 vs. 2.49 Less sensitive to market ups & downs
Standard deviation	0.36 vs. 0.3 More volatile performance

Compare Franklin India Money Market Fund in detail with

About this fund

About Franklin India Money Market Fund

Franklin India Money Market Fund is a Money Market mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been in existence for 23 yrs 9 m, having been launched on 21/01/2002. Franklin India Money Market Fund has ₹3,580 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Franklin India Money Market Fund as of 20/10/2025 is ₹51.21. The fund has an expense ratio of 0.3%, which is higher than what most other Money Market funds charge.

Franklin India Money Market Fund returns of last 1-year are 7.67%. Since launch, it has delivered 7.13% average annual returns. The fund has doubled the money invested in it every 11 yrs.
Franklin India Money Market Fund scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund's credit profile is very high indicating it has lent to borrowers whose quality is excellent. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Reserve Bank of India, National Bank For Agriculture & Rural Development, Axis Bank Ltd., Bank Of Baroda, Export-Import Bank Of India.

...

Fund AUM	3,580 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Rahul Goswami

Mr. Goswami is a B. Sc (Mathematics and MBA (Finance) Prior to joining Franklin Templeton Mutual Fund, he has worked with ICICI Prudential AMC , UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.

Chandni Gupta

She holds B.E. degree in IT and CFA degree from CFA Institute, USA. Prior to joining Franklin India Mutual Fund, she has worked with ICICI Prudential Asset Management Company Limited Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.

Rohan Maru

Mr. Maru is M.Com and MBA in Finance. Prior to joining Franklin India Mutual Fund, he has worked with ICICI Prudential Mutual Fund, Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.

Investment objective

The Scheme seeks to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.

Franklin Templeton Mutual Fund details

No. of schemes	34 view all schemes
Total AUM	1,23,581 Cr as on Sep 30, 2025
Address	Unit No.202/203/204, 2nd Floor Dalamal Tower, Plot No. 211 Free Press Journal Marg, Nariman Point Mumbai, 400013
Phone	1800-425-4255 / 60004255

More funds from Franklin Templeton Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
Franklin India Floating Rate Fund	N.A.	334 Cr	8.06%	7.87%
Franklin India Banking & PSU Debt Fund	N.A.	499 Cr	8.13%	7.63%
Franklin India Liquid Fund	N.A.	2,631 Cr	6.77%	7.01%
Franklin India Overnight Fund	N.A.	486 Cr	5.97%	6.35%
Franklin India Government Securities Fund	N.A.	168 Cr	5.98%	6.34%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Franklin India Money Market Fund?

The current Net Asset Value (NAV) of the Franklin India Money Market Fund plan is approximately ₹51.2119 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Franklin India Money Market Fund is a 23 yrs 9 m old fund and has delivered average annual returns of 7.12% since inception.

Franklin India Money Market Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.62%	7.51%	5.95%	6.76%	7.12%

How much does this mutual fund charge as expense ratio?

The Franklin India Money Market Fund has an expense ratio of 0.3%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Franklin India Money Market Fund currently has assets under management (AUM) or fund size valued at approximately 3,580 Cr as on Sep 30, 2025.

To whom does Franklin India Money Market Fund lend to?

The top 3 debt holdings of Franklin India Money Market Fund are as follows

Holding Name	Percentage of Portfolio
Reserve Bank of India	12.16%
National Bank For Agriculture & Rural Development	10.23%
Axis Bank Ltd.	7.98%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Franklin India Money Market Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
A1+	91.36040482%
SOV	13.54664691%
Others	0.26192397%

What is risk level of Franklin India Money Market Fund?

This is a Money Market fund comes with Low to Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How can I redeem my investments in Franklin India Money Market Fund?

Redeeming your investments in the Franklin India Money Market Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Money Market

#NA

Exit Load: This fund has no exit load.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.