Franklin India

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

Latest NAV

₹10.8348

As of

3 Jun 2026

2,922 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	+0.02%	+0.01%	+0.01	44 / 78	Q3
1W	+0.21%	+0.16%	+0.06	36 / 77	Q2
2W	-0.39%	+0.09%	-0.48	75 / 76	Q4
1M	-0.33%	+0.09%	-0.43	72 / 75	Q4
3M	-0.45%	+0.38%	-0.83	71 / 74	Q4
6M	-0.82%	+0.73%	-1.55	71 / 75	Q4
YTD	-0.71%	+0.64%	-1.35	70 / 74	Q4
1Y	-1.23%	+1.73%	-2.96	73 / 74	Q4
2Y	+0.08%	+2.20%	-2.12	39 / 72	Q3
3Y	+0.35%	+2.30%	-1.95	30 / 67	Q2
4Y	+0.82%	+2.36%	-1.54	26 / 60	Q2
5Y	+0.66%	+2.14%	-1.48	24 / 54	Q2
7Y	+0.43%	+1.92%	-1.49	19 / 45	Q2
10Y	+0.41%	+1.28%	-0.87	14 / 33	Q2
Inception	+0.66%	+1.84%	-1.18	34 / 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	-0.71%	+0.60%	-1.31	59 / 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

+0.63%

136 windows

min -1.4% · max 2.6%

73% positive

3-Year rolling

+0.58%

112 windows

min -0.2% · max 1.6%

96% positive

5-Year rolling

+0.54%

87 windows

min 0.2% · max 0.9%

100% positive

7-Year rolling

+0.53%

63 windows

min 0.3% · max 0.9%

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

0.51%

3-year · annualised

Sharpe ratio

-12.00

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-1.87%

Jul 2025 → May 2026

% positive months

69.4%

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	3 Jun 2026
NIPPON INDIA MONEY MARKET FUND - DIRECT Plan - DAILY IDCW Option	Nippon India	₹1,006.2364	3 Jun 2026
SBI Savings Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹18.5990	3 Jun 2026
ICICI Prudential Money Market Fund Option - Direct Plan - Daily IDCW	ICICI Prudential	₹100.1435	3 Jun 2026
Invesco India Money Market Fund - Direct Plan - Daily IDCW (Reinvestment)	Invesco	₹1,012.2021	3 Jun 2026
Bandhan Money Market Fund -Direct Plan-Daily IDCW	Bandhan	₹10.0994	3 Jun 2026
Aditya Birla Sun Life Money Manager Fund - Direct - daily IDCW	Aditya Birla Sun Life	₹100.0200	3 Jun 2026
Franklin India Money Market Fund Retail Option - Direct - Daily - IDCW	Franklin India	₹10.0646	3 Jun 2026
Mirae Asset Money Market Fund Direct IDCW	Mirae Asset	₹1,346.7546	3 Jun 2026
Kotak Money Market Fund - (Monthly Payout of Income Distribution cum capital withdrawal option) - Direct	Kotak	₹1,273.6788	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹10.8348
2 Jun 2026	₹10.8326
1 Jun 2026	₹10.8295
29 May 2026	₹10.8188
27 May 2026	₹10.8116
26 May 2026	₹10.8076
25 May 2026	₹10.8088
22 May 2026	₹10.8683
21 May 2026	₹10.8703
20 May 2026	₹10.8772

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 Money Market Fund Retail Option - Direct - Monthly - IDCW is ₹10.8348. 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 1 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 -1.23% — -2.96 pp behind the Money Market Fund category average of 1.73%. The fund ranks #73 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 0.35% — -1.95 pp behind the Money Market Fund category average of 2.30%. The fund ranks #30 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 0.66% — -1.48 pp behind the Money Market Fund category average of 2.14%. The fund ranks #24 of 54 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 ₹104,160 today — a multiplier of 1.04×, based on the 10-year CAGR of 0.41%. The category average over the same window would have grown ₹1 lakh to ₹113,561.

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 ₹606,197 today. That's an XIRR (money-weighted annualised return) of 0.40%.

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 ₹1,229,116 (multiplier 1.02×). XIRR: 0.47%. 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 #24 out of 54 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 2.14%; this fund delivered 0.66%.

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 0.87%, worst 0.16%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -11.64 — 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: 0.66%.

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