Franklin India Money Market Fund
The Scheme seeks to provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.
Growthvine rating: 3/5 — ranked #7 of 27 in category.
Fund basics
| Category | Debt: Money Market |
|---|---|
| NAV | ₹54.33 (as of 2026-10-01) |
| AUM | ₹3,937 Cr |
| Expense ratio | 0.24% |
| Riskometer | Low to Moderate |
| Fund manager | Chandni Gupta |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 6.50% |
|---|---|
| Sharpe ratio | 2.44 |
| Standard deviation | 0.54% |
| Max drawdown | −1.16% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 98.1% of NIFTY Money Market Index's upside and — of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 4.9% | Q1 (Top) | #3 of 26 |
| 2025 | 7.4% | Q1 (Top) | #3 of 24 |
| 2024 | 7.7% | Q2 | #10 of 24 |
| 2023 | 7.3% | Q2 | #9 of 22 |
| 2022 | 4.4% | Q2 | #10 of 19 |