Franklin India Overnight Fund Direct - Growth

Q: What are the returns of Franklin India Overnight Fund?

The Franklin India Overnight Fund is a 5 yrs 11 m old fund and has delivered average annual returns of 4.98% since inception. Franklin India Overnight Fund Returns 1-Year 3-Year 5-Year Since Inception 6.54% 6.29% 5.01% 4.98%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹1336.3871+0.02% 1 day change	4.98% p.a.	#NA View Ranked Funds	2

Historical NAV & returns

NAV: ₹1336.3871 as on Apr 23, 2025

This fund Category average

Franklin India Overnight Fund overview

VRO rating	2
Expense ratio	0.07% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹421 Crs
Lock-in	No Lockin
Age	5 yrs 11 m since May 07, 2019
Benchmark	NIFTY 1D Rate Index
Min. investment	SIP ₹500 & Lump. ₹5000
Risk	Low
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Franklin India Overnight 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 Apr 07, 2025

Period	This fund	Category average
1 month	0.5%	0.5%
3 months	1.52%	1.52%
6 months	3.19%	3.19%
1 year	6.54%	6.57%
3 years	6.29%	6.34%
5 years	5.01%	5.07%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

Cash & Call Money 95.37907579%

SOV 4.62092418%

Top Debt Holdings

Reserve Bank of India 4.62%

Allocation by Instruments

Cash/Net Current Assets 95.37907579%

Treasury Bills 4.62092418%

Other Holdings

Others 95.38%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Franklin India Overnight Fund	N.A.	₹421 Crs	5 yrs 11 m	0.07%
Mirae Asset Overnight Fund	N.A.	₹391 Crs	5 yrs 6 m	0.07%
HSBC Overnight Fund	N.A.	₹2,086 Crs	5 yrs 11 m	0.06%
PGIM India Overnight Fund	N.A.	₹29 Crs	5 yrs 8 m	0.1%
Edelweiss Overnight Fund	N.A.	₹566 Crs	5 yrs 9 m	0.11%
Bank of India Overnight Fund	N.A.	₹41 Crs	5 yrs 2 m	0.09%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Franklin India Overnight Fund	0.5%	3.19%	6.54%	6.29%	5.01%	N.A.
Mirae Asset Overnight Fund	0.5%	3.2%	6.59%	6.37%	5.11%	2.77%
HSBC Overnight Fund	0.5%	3.2%	6.59%	6.36%	5.1%	2.98%
PGIM India Overnight Fund	0.51%	3.2%	6.6%	6.34%	5.09%	2.83%
Edelweiss Overnight Fund	0.5%	3.17%	6.5%	6.29%	5.04%	2.86%
Bank of India Overnight Fund	0.51%	3.24%	6.67%	6.43%	5.17%	2.66%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Franklin India Overnight Fund	0.23	0.45	-0.36	-0.36
Mirae Asset Overnight Fund	0.24	0.45	-0.04	-0.04
HSBC Overnight Fund	0.24	0.46	-0.11	-0.11
PGIM India Overnight Fund	0.23	0.46	-0.17	-0.16
Edelweiss Overnight Fund	0.24	0.46	-0.37	-0.35
Bank of India Overnight Fund	0.23	0.45	0.2	0.21

View all Overnight funds

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

Alpha	0.85 vs. 1.53 Underperformed at beating benchmark
Sharpe	-0.36 vs. 1.42 Poor risk-adjusted returns
Beta	0.45 vs. 0.09 More sensitive to market's ups & downs
Standard deviation	0.23 vs. 0.15 More volatile performance

Compare Franklin India Overnight Fund in detail with

About this fund

About Franklin India Overnight Fund

Franklin India Overnight Fund Direct - Growth is a Overnight mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been in existence for 5 yrs 11 m, having been launched on 07/05/2019. Franklin India Overnight Fund Direct - Growth has ₹421 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Franklin India Overnight Fund Direct - Growth as of 23/04/2025 is ₹1336.39. The fund has an expense ratio of 0.07%, which is close to what most other Overnight funds charge.

Franklin India Overnight Fund Direct - Growth returns of last 1-year are 6.56%. Since launch, it has delivered 4.98% average annual returns.
Franklin India Overnight Fund Direct - Growth 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 low indicating it has lent to borrowers whose quality is poor. 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.

...

Fund AUM	₹421 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Pallab Roy

Mr. Roy is a M.Com and MBA (Finance). He has been associated with Franklin Templeton Investments since 2001.

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 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.

Franklin Templeton Mutual Fund details

No. of schemes	34 view all schemes
Total AUM	₹1,08,219 Crs as on Mar 31, 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 (in Crs.)	1Y	3Y
Franklin India Floating Rate Fund	N.A.	₹314 Crs	10.24%	8.3%
Franklin India Banking & PSU Debt Fund	N.A.	₹547 Crs	9.34%	7.23%
Franklin India Money Market Fund	N.A.	₹2,547 Crs	8.18%	7.19%
Franklin India Government Securities Fund	N.A.	₹150 Crs	11.14%	7.16%
Franklin India Liquid Fund	N.A.	₹2,002 Crs	7.42%	6.89%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of Franklin India Overnight Fund?

The current Net Asset Value (NAV) of the Franklin India Overnight Fund - Direct Growth plan is approximately ₹1336.3871 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Franklin India Overnight Fund is a 5 yrs 11 m old fund and has delivered average annual returns of 4.98% since inception.

Franklin India Overnight Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.54%	6.29%	5.01%	4.98%

How much does this mutual fund charge as expense ratio?

The Franklin India Overnight Fund - Direct Growth has an expense ratio of 0.07%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

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

The Franklin India Overnight Fund currently has assets under management (AUM) or fund size valued at approximately ₹421 Crs crore as of Mar 31, 2025.

To whom does Franklin India Overnight Fund lend to?

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

Holding Name	Percentage of Portfolio
Reserve Bank of India	4.62%

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 Overnight Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
Cash & Call Money	95.37907579%
SOV	4.62092418%

What is risk level of Franklin India Overnight Fund?

This is a Overnight fund comes with Low risk.

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

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

How do I invest in Franklin India Overnight Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Franklin India Overnight Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Franklin India Overnight Fund is complete.

How can I redeem my investments in Franklin India Overnight Fund?

Redeeming your investments in Franklin India Overnight Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

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

ET Money rank

in Overnight

#NA

Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
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.