Franklin India

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

Latest NAV

₹10.8993

As of

17 Jul 2026

2,953 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	14 / 78	Q1
1W	+0.09%	+0.05%	+0.05	6 / 77	Q1
2W	+0.10%	+0.02%	+0.07	9 / 77	Q1
1M	+0.09%	+0.13%	-0.04	28 / 76	Q2
3M	-0.19%	+0.49%	-0.67	65 / 74	Q4
6M	-0.27%	+1.00%	-1.27	69 / 74	Q4
YTD	-0.12%	+1.05%	-1.17	69 / 74	Q4
1Y	-0.98%	+1.84%	-2.82	72 / 74	Q4
2Y	+0.20%	+2.30%	-2.09	37 / 72	Q3
3Y	+0.42%	+2.36%	-1.93	32 / 67	Q2
4Y	+0.88%	+2.44%	-1.56	28 / 61	Q2
5Y	+0.73%	+2.24%	-1.50	25 / 56	Q2
7Y	+0.45%	+1.91%	-1.46	23 / 49	Q2
10Y	+0.42%	+1.30%	-0.87	14 / 33	Q2
Inception	+0.71%	+1.89%	-1.18	36 / 78	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	-0.12%	+1.08%	-1.20	58 / 63
2025	+0.45%	+2.54%	-2.10	31 / 62
2024	+0.82%	+2.53%	-1.71	27 / 62
2023	+1.60%	+2.35%	-0.74	24 / 61
2022	+0.91%	+1.43%	-0.53	22 / 55
2021	+0.04%	+0.83%	-0.79	25 / 52
2020	-0.32%	+1.67%	-1.98	54 / 56
2019	+0.83%	+2.50%	-1.67	19 / 52
2018	+1.25%	+1.63%	-0.39	12 / 39
2017	-0.85%	+1.10%	-1.95	37 / 37
2016	+0.34%	+1.02%	-0.68	8 / 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

+0.59%

137 windows

min -1.0% · max 2.4%

69% positive

3-Year rolling

+0.57%

113 windows

min -0.1% · max 1.7%

94% positive

5-Year rolling

+0.54%

89 windows

min 0.1% · max 1.0%

100% positive

7-Year rolling

+0.52%

64 windows

min 0.2% · max 1.0%

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

0.57%

3-year · annualised

Sharpe ratio

-10.60

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-1.87%

Jul 2025 → May 2026

% positive months

66.7%

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 - Daily - IDCW	Franklin India	₹10.0537	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	₹10.8993
16 Jul 2026	₹10.8934
15 Jul 2026	₹10.8893
14 Jul 2026	₹10.8874
13 Jul 2026	₹10.8929
10 Jul 2026	₹10.8891
9 Jul 2026	₹10.8876
8 Jul 2026	₹10.8807
7 Jul 2026	₹10.8855
6 Jul 2026	₹10.8924

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 - Monthly - IDCW is ₹10.8993. 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 - Monthly - IDCW has NAV history starting from 25 Apr 2014, a track record of about 12 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 - Monthly - 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 - Monthly - IDCW has delivered a absolute return of -0.98% — -2.82 pp behind the Money Market Fund category average of 1.84%. The fund ranks #72 of 74 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Franklin India Money Market Fund Retail Option - Direct - Monthly - IDCW has delivered a CAGR of 0.42% — -1.93 pp behind the Money Market Fund category average of 2.36%. The fund ranks #32 of 67 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Franklin India Money Market Fund Retail Option - Direct - Monthly - IDCW has delivered a CAGR of 0.73% — -1.5 pp behind the Money Market Fund category average of 2.24%. The fund ranks #25 of 56 in its category — the second (Q2) quartile.

₹1 lakh invested in Franklin India Money Market Fund Retail Option - Direct - Monthly - IDCW exactly 10 years ago would be worth approximately ₹104,295 today — a multiplier of 1.04×, based on the 10-year CAGR of 0.42%. 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 - Monthly - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹608,052 today. That's an XIRR (money-weighted annualised return) of 0.52%.

A ₹10,000 monthly SIP for 10 years in Franklin India Money Market Fund Retail Option - Direct - Monthly - IDCW = ₹1,200,000 invested. It would currently be worth ₹1,233,147 (multiplier 1.03×). XIRR: 0.54%. 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 - Monthly - IDCW ranks #25 out of 56 funds in the Money Market Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 2.24%; this fund delivered 0.73%.

The worst peak-to-trough decline Franklin India Money Market Fund Retail Option - Direct - Monthly - IDCW has experienced over the last 5-year window is 1.87% — its NAV fell from a high on 21 Jul 2025 to a low on 26 May 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 - Monthly - IDCW averaged 0.54% (best 1.01%, worst 0.12%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -10.51 — negative risk-adjusted performance.

In calendar year 2025, Franklin India Money Market Fund Retail Option - Direct - Monthly - IDCW returned 0.45% — lagging the Money Market Fund category average of 2.54% by 2.10 pp. It ranked #31 of 62 in its category that year.

Franklin India Money Market Fund Retail Option - Direct - Monthly - 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 - Monthly - 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: 1.9%. 5-year CAGR: 0.73%.

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