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2 star

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 2.83 0.01 0.06 0.26 0.78 1.55 3.06 -- -- -- --
CCIL T Bill Liquidity Weight 1.88 0.03 0.04 0.17 0.43 1.08 2.05 -- -- -- --
Debt: Overnight 2.84 0.01 0.06 0.26 0.78 1.55 3.08 -- -- -- --
Rank within category 19 17 20 17 14 16 19 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 6 3 3 3

As on 03-Dec-2021

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
2 star
May-19 3.06 -- -- 0.14% 205
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.13 -- -- 0.12% 12,897
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.10 4.11 4.51 0.12% 10,537
DSP Overnight Fund - Regular Plan  | Invest Online
4 star
Jan-19 3.08 -- -- 0.14% 3,147
Edelweiss Overnight Fund - Regular Plan  | Invest Online
5 star
Jul-19 3.10 -- -- 0.16% 757

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 2.82 22-Mar-2020 - 22-Mar-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.18 0.40 -1.54 -4.30 -- --
Debt: Overnight* 3.95 0.36 0.44 2.24 0.60 0.53
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 30-Nov-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.01 0.01 0.00 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.31 3.37 2.71 --
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-2021

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:


0.01%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 1,096.8091

IDCW Weekly: ₹ 1,000.4292

IDCW 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
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Franklin Templeton Mutual Fund
Launch Date: 08-May-2019
Return Since Launch: 3.65%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 205 Cr (As on 31-Oct-2021)
Expense: 0.14% (As on 31-Oct-2021)
Risk Grade: --
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily02-Dec-20210.0839

 01-Dec-20210.0851
 30-Nov-20210.0869
 29-Nov-20210.0850
 28-Nov-20210.1692
 26-Nov-20210.0839
 25-Nov-20210.0838
 24-Nov-20210.0852
 23-Nov-20210.0931
 22-Nov-20210.1013
 21-Nov-20210.2831
 18-Nov-20210.0937
 17-Nov-20210.0845
 16-Nov-20210.0847
 15-Nov-20210.0839
 14-Nov-20210.1681
 12-Nov-20210.0833
 11-Nov-20210.0839
 10-Nov-20210.0846
 09-Nov-20210.0847
 08-Nov-20210.0836
 07-Nov-20210.3585
 03-Nov-20210.0891
 02-Nov-20210.0858
 01-Nov-20210.0850
IDCW Weekly28-Nov-20210.6167

 21-Nov-20210.6319
 14-Nov-20210.5895
 07-Nov-20210.6193
 31-Oct-20210.6047
 24-Oct-20210.6033
 17-Oct-20210.5654
 10-Oct-20210.5646
 03-Oct-20210.6323
 26-Sep-20210.5962
 19-Sep-20210.5851
 12-Sep-20210.5628
 05-Sep-20210.5532
 29-Aug-20210.5654
 22-Aug-20210.4824
 16-Aug-20210.6366
 08-Aug-20210.5642
 01-Aug-20210.5806
 25-Jul-20210.5900
 18-Jul-20210.5855
 11-Jul-20210.5814
 04-Jul-20210.6303
 27-Jun-20210.5935
 20-Jun-20210.5922
 13-Jun-20210.5852

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: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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