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Unrated

Franklin India Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having a maturity of just one day. They are suitable to earn a little extra on idle money lying in the bank. You may invest in these funds the money that you have set aside to meet any emergency needs or any surplus money that you don't need for a few days up to a year.

The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.92 0.01 0.05 0.23 0.73 1.46 3.36 -- -- -- --
CCIL T Bill Liquidity Weight 2.98 0.02 0.04 0.21 0.63 1.18 3.20 -- -- -- --
Debt: Overnight 3.04 0.01 0.05 0.23 0.73 1.48 3.48 -- -- -- --
Rank within category 27 29 21 22 18 19 26 -- -- -- --
Number of funds in category 28 30 30 30 30 30 27 3 3 3 3

As on 27-Nov-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Franklin India Overnight Fund - Regular Plan  | Invest Online Now
Unrated
May-19 3.36 -- -- 0.15 354
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.53 4.93 5.78 0.12 5,709
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 3.51 -- -- 0.19 3,926
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.54 -- -- 0.12 3,890
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.64 -- -- 0.17 1,992

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.13 (09-Aug-2019 - 18-Aug-2019) 0.01 (26-Mar-2020 - 02-Apr-2020)
Month 0.47 (17-May-2019 - 17-Jun-2019) 0.16 (22-Mar-2020 - 21-Apr-2020)
Quarter 1.38 (08-May-2019 - 07-Aug-2019) 0.61 (22-Mar-2020 - 21-Jun-2020)
Year 4.70 (08-May-2019 - 07-May-2020) 3.35 (28-Nov-2019 - 27-Nov-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.89 0.32 -3.35 -6.53 -- --
Debt: Overnight* 4.87 0.37 -0.32 -0.50 0.48 0.41
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Oct-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.01 0.01 0.00 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.06 4.92 0.59 --
Avg Credit Rating Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 31-Oct-2020

Fund Manager

— Pallab Roy since 07-May-2019

Education: Mr. Roy is a M.Com and MBA (Finance).

Experience: He has been associated with Franklin Templeton Investments since 2001.

Funds Managed:

— Umesh Sharma since 07-May-2019

Education: Mr. Sharma is a B.Com (H), CS and CA.

Experience: Prior to joining Franklin Templeton Mutual Fund he has worked with ICICI Bank Ltd., UTI Mutual Fund, Invesco Mutual Fund and JM Financials.

Funds Managed:


0.02%

Change from previous, NAV as on 30-Nov-2020

Growth: ₹ 1,063.9527

Dividend Weekly: ₹ 1,000.0000

Dividend Daily: ₹ 1,000.0000


Investment Strategy

The Scheme seeks to provide reasonable income along with high liquidity by investing in overnight securities having maturity of 1 business day. There can be no assurance that the investment objective of the scheme will be realized.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1,000
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 08-May-2019
Return Since Launch: 4.04%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 354 Cr (As on 31-Oct-2020)
Expense: 0.15% (As on 31-Oct-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily27-Nov-20200.0640

 26-Nov-20200.0629
 25-Nov-20200.0621
 24-Nov-20200.0683
 23-Nov-20200.0686
 22-Nov-20200.1280
 20-Nov-20200.0635
 19-Nov-20200.0611
 18-Nov-20200.0624
 17-Nov-20200.0658
 16-Nov-20200.1791
 13-Nov-20200.0592
 12-Nov-20200.0627
 11-Nov-20200.0702
 10-Nov-20200.0713
 09-Nov-20200.0706
 08-Nov-20200.1416
 06-Nov-20200.0702
 05-Nov-20200.0697
 04-Nov-20200.0695
 03-Nov-20200.0726
 02-Nov-20200.0726
 01-Nov-20200.2202
 29-Oct-20200.0730
 28-Oct-20200.0728
Dividend Weekly20-Nov-20200.3821

 13-Nov-20200.5142
 06-Nov-20200.4974
 29-Oct-20200.5126
 23-Oct-20200.5137
 16-Oct-20200.5219
 09-Oct-20200.5384
 01-Oct-20200.5677
 25-Sep-20200.5411
 18-Sep-20200.5442
 11-Sep-20200.5334
 04-Sep-20200.5045
 28-Aug-20200.5115
 21-Aug-20200.5161
 14-Aug-20200.5361
 07-Aug-20200.5226
 31-Jul-20200.5301
 24-Jul-20200.5317
 17-Jul-20200.5274
 10-Jul-20200.5262
 03-Jul-20200.5385
 26-Jun-20200.4195
 19-Jun-20200.4850
 12-Jun-20200.5009
 05-Jun-20200.5138

Contact Information

AMC: Franklin Templeton Asset Management India Private Ltd

Address: Indiabulls Finance Center, Tower 2, 12th and 13th Floor, Senapati Bapat Marg, Elphinstone Road (West) Mumbai - 400013

Phone: 1800-425-4255 / 60004255

Email: [email protected]

Website: http://www.franklintempletonindia.com

Registrar & Transfer Agent: Franklin Templeton Asset Management (India) Pvt. Ltd.

Address: Unit 301, III Floor, Campus 4B, RMZ Millenia Business Park, 143 Dr. MGR Road, Kandanchavadi Chennai - 600096

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dateSaturday, 28-Nov-2020
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