Should I invest in Franklin India Floating Rate Fund - Direct?

We don't give personal investment advice. Franklin India Floating Rate Fund - Direct - Growth is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.5%. 5-year CAGR: 7.03%.

Franklin India

Franklin India Floating Rate Fund - Direct - Growth

Latest NAV

₹47.1024

As of

3 Jun 2026

3,579 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.05%	+0.03%	+0.02	3 / 12	Q1
1W	+0.19%	+0.19%	0.00	8 / 12	Q3
2W	+0.02%	+0.23%	-0.21	11 / 12	Q4
1M	+0.09%	+0.16%	-0.07	10 / 12	Q4
3M	+0.90%	+0.82%	+0.08	6 / 12	Q2
6M	+2.70%	+2.18%	+0.51	1 / 12	Q1
YTD	+2.20%	+1.84%	+0.36	2 / 12	Q1
1Y	+5.80%	+5.18%	+0.62	2 / 12	Q1
2Y	+8.04%	+7.42%	+0.62	1 / 12	Q1
3Y	+8.19%	+7.61%	+0.58	1 / 12	Q1
4Y	+7.95%	+7.45%	+0.50	2 / 12	Q1
5Y	+7.03%	+6.61%	+0.42	2 / 12	Q1
7Y	+6.90%	+7.04%	-0.14	5 / 7	Q3
10Y	+6.92%	+7.32%	-0.40	5 / 5	Q4
Inception	+7.09%	+7.11%	-0.02	6 / 12	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+2.20%	+1.84%	+0.36	2 / 12
2025	+8.65%	+8.03%	+0.62	1 / 12
2024	+8.88%	+8.56%	+0.32	3 / 12
2023	+8.12%	+7.74%	+0.37	3 / 12
2022	+4.91%	+4.50%	+0.41	5 / 12
2021	+3.99%	+4.08%	-0.09	5 / 8
2020	+6.66%	+9.54%	-2.87	7 / 7
2019	+7.97%	+8.93%	-0.96	6 / 6
2018	+7.26%	+7.15%	+0.11	4 / 5
2017	+6.50%	+6.85%	-0.35	4 / 5
2016	+7.08%	+9.04%	-1.96	5 / 5

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+7.15%

152 windows

min 3.3% · max 10.6%

100% positive

3-Year rolling

+6.93%

128 windows

min 5.1% · max 8.8%

100% positive

5-Year rolling

+6.78%

103 windows

min 6.1% · max 7.3%

100% positive

7-Year rolling

+6.82%

79 windows

min 6.3% · max 7.4%

100% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

1.13%

3-year · annualised

Sharpe ratio

1.26

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.52%

Aug 2025 → Sep 2025

% positive months

97.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Floater Fund

Scheme	Fund house	NAV	As of
HDFC Floating Rate Debt Fund - Direct Plan - Growth Option	HDFC	₹53.6722	3 Jun 2026
Nippon India Floater Fund - Direct Plan Growth Plan - Growth Option	Nippon India	₹49.8068	3 Jun 2026
SBI Floating Rate Debt Fund - Direct Plan - Growth	SBI	₹14.1147	3 Jun 2026
ICICI Prudential Floating Interest Fund - Direct Plan - Growth	ICICI Prudential	₹490.3965	3 Jun 2026
BANDHAN FLOATER FUND - DIRECT PLAN GROWTH	Bandhan	₹13.8592	3 Jun 2026
Aditya Birla Sun Life Floating Rate Fund-Direct Plan-Growth	Aditya Birla Sun Life	₹376.8756	3 Jun 2026
KOTAK FLOATING RATE FUND-DIRECT PLAN-GROWTH OPTION	Kotak	₹1,627.7214	3 Jun 2026
DSP Floater Fund - Direct Plan - Growth	DSP	₹13.9635	3 Jun 2026
UTI - Floater Fund - Direct Plan - Growth Option	UTI	₹1,648.9902	3 Jun 2026
Axis Floater Fund - Direct Plan - Growth	Axis	₹1,382.0774	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹47.1024
2 Jun 2026	₹47.0787
1 Jun 2026	₹47.0847
29 May 2026	₹47.0400
27 May 2026	₹47.0137
26 May 2026	₹47.0403
25 May 2026	₹47.0424
22 May 2026	₹47.0400
21 May 2026	₹47.0347
20 May 2026	₹47.0911

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Franklin India Floating Rate Fund - Direct - Growth is ₹47.1024. It's a Floater Fund from Franklin India, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Franklin India Floating Rate Fund - Direct - Growth has NAV history starting from 31 Dec 2012, a track record of about 13 years 5 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Franklin India Floating Rate Fund - Direct - Growth is managed by Franklin India. It's classified by AMFI under the 'Floater Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Franklin India Floating Rate Fund - Direct - Growth has delivered a absolute return of 5.80% — +0.62 pp ahead of the Floater Fund category average of 5.18%. The fund ranks #2 of 12 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Franklin India Floating Rate Fund - Direct - Growth has delivered a CAGR of 8.19% — +0.58 pp ahead of the Floater Fund category average of 7.61%. The fund ranks #1 of 12 in its category — the top (Q1) quartile.

Over the trailing 5-year window, Franklin India Floating Rate Fund - Direct - Growth has delivered a CAGR of 7.03% — +0.42 pp ahead of the Floater Fund category average of 6.61%. The fund ranks #2 of 12 in its category — the top (Q1) quartile.

₹1 lakh invested in Franklin India Floating Rate Fund - Direct - Growth exactly 10 years ago would be worth approximately ₹195,226 today — a multiplier of 1.95×, based on the 10-year CAGR of 6.92%. The category average over the same window would have grown ₹1 lakh to ₹202,631.

A ₹10,000 monthly SIP in Franklin India Floating Rate Fund - Direct - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹728,269 today. That's an XIRR (money-weighted annualised return) of 7.68%.

A ₹10,000 monthly SIP for 10 years in Franklin India Floating Rate Fund - Direct - Growth = ₹1,200,000 invested. It would currently be worth ₹1,726,513 (multiplier 1.44×). XIRR: 7.07%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Franklin India Floating Rate Fund - Direct - Growth ranks #2 out of 12 funds in the Floater Fund category — that places it in the top quartile (Q1) — strong outperformance. The category average return over the same window is 6.61%; this fund delivered 7.03%.

The worst peak-to-trough decline Franklin India Floating Rate Fund - Direct - Growth has experienced over the last 5-year window is 0.52% — its NAV fell from a high on 04 Aug 2025 to a low on 02 Sep 2025. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Franklin India Floating Rate Fund - Direct - Growth averaged 6.78% (best 7.30%, worst 6.08%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.30 — weak risk-adjusted performance.

In calendar year 2025, Franklin India Floating Rate Fund - Direct - Growth returned 8.65% — beating the Floater Fund category average of 8.03% by 0.62 pp. It ranked #1 of 12 in its category that year.

Franklin India Floating Rate Fund - Direct - Growth is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Franklin India Floating Rate Fund - Direct - Growth is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 0.5%. 5-year CAGR: 7.03%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Franklin India Floating Rate Fund - Direct - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Floater Fund

Recent NAVs

Frequently asked questions

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