Franklin India

Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW

Latest NAV

₹10.0537

As of

17 Jul 2026

3,191 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	+0.00%	+0.03%	-0.03	68 / 78	Q4
1W	-0.05%	+0.05%	-0.10	73 / 77	Q4
2W	-0.16%	+0.02%	-0.18	72 / 77	Q4
1M	-0.07%	+0.13%	-0.20	56 / 76	Q3
3M	-0.32%	+0.49%	-0.80	67 / 74	Q4
6M	-0.58%	+1.00%	-1.58	71 / 74	Q4
YTD	-0.59%	+1.05%	-1.64	71 / 74	Q4
1Y	-0.59%	+1.84%	-2.43	69 / 74	Q4
2Y	-0.01%	+2.30%	-2.31	67 / 72	Q4
3Y	-0.01%	+2.36%	-2.37	60 / 67	Q4
4Y	-0.04%	+2.44%	-2.48	61 / 61	Q4
5Y	-0.13%	+2.24%	-2.36	56 / 56	Q4
7Y	0.00%	+1.91%	-1.91	41 / 49	Q4
10Y	+0.05%	+1.30%	-1.24	23 / 33	Q3
Inception	+0.04%	+1.89%	-1.85	59 / 78	Q4

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	-0.59%	+1.08%	-1.67	60 / 63
2025	+0.56%	+2.54%	-1.98	28 / 62
2024	0.00%	+2.53%	-2.53	52 / 62
2023	0.00%	+2.35%	-2.35	54 / 61
2022	-0.57%	+1.43%	-2.01	55 / 55
2021	-0.05%	+0.83%	-0.88	47 / 52
2020	+0.42%	+1.67%	-1.25	27 / 56
2019	+0.76%	+2.50%	-1.74	20 / 52
2018	+0.00%	+1.63%	-1.63	24 / 39
2017	+0.01%	+1.10%	-1.09	14 / 37
2016	+0.00%	+1.02%	-1.02	21 / 35

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

+0.05%

149 windows

min -0.6% · max 0.8%

36% positive

3-Year rolling

+0.05%

125 windows

min -0.2% · max 0.4%

50% positive

5-Year rolling

+0.08%

101 windows

min -0.1% · max 0.2%

64% positive

7-Year rolling

+0.11%

76 windows

min 0.0% · max 0.2%

99% 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

0.28%

3-year · annualised

Sharpe ratio

—

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.67%

Jun 2025 → Jul 2026

% positive months

8.3%

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 Money Market Fund

Scheme	Fund house	NAV	As of
HDFC Money Market Fund - Daily IDCW Option - Direct Plan	HDFC	₹1,063.6400	17 Jul 2026
NIPPON INDIA MONEY MARKET FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹1,006.2980	17 Jul 2026
SBI Savings Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹18.8241	17 Jul 2026
ICICI Prudential Money Market Fund Option - Direct Plan - Daily IDCW	ICICI Prudential	₹100.1435	17 Jul 2026
Invesco India Money Market Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,012.2021	17 Jul 2026
Bandhan Money Market Fund -Direct Plan-Daily IDCW	Bandhan	₹10.0994	17 Jul 2026
Aditya Birla Sun Life Money Manager Fund - Direct - daily IDCW	Aditya Birla Sun Life	₹100.0200	17 Jul 2026
Franklin India Money Market Fund Retail Option - Direct - Monthly - IDCW	Franklin India	₹10.8993	17 Jul 2026
Mirae Asset Money Market Fund Direct IDCW	Mirae Asset	₹1,362.9574	17 Jul 2026
Kotak Money Market Fund - (Monthly Payout of Income Distribution cum capital withdrawal option) - Direct	Kotak	₹1,289.1926	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹10.0537
16 Jul 2026	₹10.0537
15 Jul 2026	₹10.0537
14 Jul 2026	₹10.0537
13 Jul 2026	₹10.0588
10 Jul 2026	₹10.0588
9 Jul 2026	₹10.0588
8 Jul 2026	₹10.0588
7 Jul 2026	₹10.0633
6 Jul 2026	₹10.0697

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 17 Jul 2026, the NAV of Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW is ₹10.0537. It's a Money Market Fund from Franklin India, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW has NAV history starting from 30 Apr 2013, a track record of about 13 years 2 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 Money Market Fund Retail Option - Direct - Daily - IDCW is managed by Franklin India. It's classified by AMFI under the 'Money Market Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW has delivered a absolute return of -0.59% — -2.43 pp behind the Money Market Fund category average of 1.84%. The fund ranks #69 of 74 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW has delivered a CAGR of -0.01% — -2.37 pp behind the Money Market Fund category average of 2.36%. The fund ranks #60 of 67 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW has delivered a CAGR of -0.13% — -2.36 pp behind the Money Market Fund category average of 2.24%. The fund ranks #56 of 56 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW exactly 10 years ago would be worth approximately ₹100,537 today — a multiplier of 1.01×, based on the 10-year CAGR of 0.05%. The category average over the same window would have grown ₹1 lakh to ₹113,739.

A ₹10,000 monthly SIP in Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹598,496 today. That's an XIRR (money-weighted annualised return) of -0.10%.

A ₹10,000 monthly SIP for 10 years in Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW = ₹1,200,000 invested. It would currently be worth ₹1,199,174 (multiplier 1.00×). XIRR: -0.01%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW ranks #56 out of 56 funds in the Money Market Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 2.24%; this fund delivered -0.13%.

The worst peak-to-trough decline Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW has experienced over the last 5-year window is 0.67% — its NAV fell from a high on 09 Jun 2025 to a low on 14 Jul 2026. 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 Money Market Fund Retail Option - Direct - Daily - IDCW averaged 0.08% (best 0.25%, worst -0.13%). 64% of rolling windows ended positive.

In calendar year 2025, Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW returned 0.56% — lagging the Money Market Fund category average of 2.54% by 1.98 pp. It ranked #28 of 62 in its category that year.

Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW 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 Money Market Fund Retail Option - Direct - Daily - IDCW 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: 0.7%. 5-year CAGR: -0.13%.

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