March 21, 2024
mayank
Franklin India Money Market Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 46.9635
Weekly NAV IDCW: Rs 10.0168
Quarterly NAVIDCW: Rs 11.3644
Monthly NAV IDCW: Rs 10.8261
Suitable For Which Investors?
“Money Market debt funds invest in bonds with a maturity of up to one year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds over the said timeframe is low but they do not guarantee returns or safety of capital.
Such funds are usually more suited to institutional investors. Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
If you do decide to invest in them, remember that these funds usually deliver low returns which are only marginally higher than your bank account. They are not suitable if your aim is to build wealth in the long run.”
Fund’s Investment Strategy:
The Scheme seeks to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.
Fund Manager:
1) Pallab Roy
Education: Mr. Roy is a M.Com and MBA (Finance).
Experience: He has been associated with Franklin Templeton Investments since 2001.
2) Rahul Goswami
Education: Mr. Goswami is a B. Sc (Mathematics and MBA (Finance)
Experience: Prior to joining Franklin Templeton Mutual Fund, he has worked with ICICI Prudential AMC , UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
3) Umesh Sharma
Education: Mr. Sharma is a B.Com (H), CS and CA.
Experience: Prior to joining Franklin Templeton Mutual Fund he has worked with ICICI Bank Ltd., UTI Mutual Fund, Invesco Mutual Fund and JM Financials.
Investment Details
| Min. Investment (Rs) | 10,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 2,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Franklin Templeton Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.45% |
| Benchmark | NIFTY Money Market Index B-I |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 1,567 Cr |
| (As on 29-Feb-2024) | |
| Expense | 0.14% |
| (As on 29-Feb-2024) | |
| Risk Grade | — |
| Return Grade | Average |
Trailing Returns (%) of Franklin India Money Market Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India Money Market Dir | 1.72 | 0.02 | 0.65 | 1.92 | 3.68 | 7.67 | 5.59 | 6.05 | 6.51 | 7.23 |
| CCIL T Bill Liquidity Weight | 1.00 | 0.02 | 0.38 | 1.14 | 2.30 | 4.71 | 3.21 | 3.27 | 3.53 | 4.02 |
| Debt: Money Market | 1.70 | 0.02 | 0.65 | 1.91 | 3.65 | 7.59 | 5.63 | 6.01 | 6.37 | 7.02 |
| Rank within category | 10 | 10 | 14 | 14 | 11 | 11 | 12 | 8 | 5 | 3 |
| Number of funds in category | 23 | 23 | 23 | 23 | 23 | 22 | 18 | 14 | 12 | 12 |
Peer Comparison of Franklin India Money Market Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Franklin India Money Market Dir | 3 star | 7.67 | 5.59 | 6.05 | 0.14 | 1,567 | 7.45 | — | 11Y 2M |
| ABSL Money Manager Dir | 5 star | 7.83 | 5.83 | 6.25 | 0.21 | 19,231 | 7.39 | — | 11Y 2M |
| HDFC Money Market Dir | 4 star | 7.75 | 5.78 | 6.23 | 0.23 | 17,645 | 7.29 | — | 11Y 2M |
| Tata Money Market Dir | 5 star | 7.92 | 5.94 | 6.25 | 0.16 | 16,515 | 6.62 | — | 11Y 2M |
| ICICI Pru Money Market Dir | 4 star | 7.77 | 5.71 | 6.07 | 0.21 | 15,531 | 7.24 | — | 11Y 2M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 27 | 51 |
| Macaulay Duration (yrs) | 0.64 | 0.56 |
| Average Maturity (yrs) | 0.64 | 0.56 |
| Yield to Maturity (%) | 7.58 | 7.63 |
| Avg Credit Rating | AAA | — |
How to Invest in Franklin India Money Market Fund?
Chanakya’s Mutual Fund Guidance For Franklin India Money Market Fund
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