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Unrated

Franklin India Overnight Fund - Regular Plan


Debt: Overnight

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.22 Lakh

Suitability:

Overnight funds invest in bonds having maturity of just one day (hence the name 'Overnight'). They are suitable for institutional investors looking to park their surplus money for a few days or weeks to earn a bit extra on the sum which would otherwise lie idle in a bank account. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.

Retail investors can avoid these funds altogether. Here's why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there's a different category of funds that invests in bonds of up to 3 months maturity, from the one that invests in bonds maturing in 3-6 months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don't need for up to the next one year in a Liquid fund.

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 paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 1.78 0.01 0.06 0.23 0.69 1.67 4.19 -- -- -- --
CCIL T Bill Liquidity Weight 2.07 0.03 0.05 0.26 0.89 1.91 3.96 -- -- -- --
Debt: Overnight 1.89 0.01 0.06 0.23 0.74 1.77 4.29 -- -- -- --
Rank within category 27 18 20 22 29 28 18 -- -- -- --
Number of funds in category 28 30 30 30 30 29 19 3 3 3 3

As on 10-Jul-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 4.19 -- -- 0.19 737
HDFC Overnight Fund  | Invest Online
Unrated
Feb-02 4.25 5.43 5.82 0.20 13,989
SBI Overnight Fund  | Invest Online
Unrated
Oct-02 4.32 5.48 5.92 0.18 13,825
ICICI Prudential Overnight Fund  | Invest Now
Unrated
Nov-18 4.27 -- -- 0.20 10,011
Aditya Birla Sun Life Overnight Fund - Regular Plan  | Invest Online
Unrated
Nov-18 4.29 -- -- 0.22 7,621

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) 4.17 (11-Jul-2019 - 10-Jul-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 4.07 0.28 -4.34 -7.86 -- --
Debt: Overnight* 5.16 0.32 -0.48 -0.60 0.24 0.16
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-Jun-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- --
Modified Duration (yrs) 0.01 0.01 0.01 --
Average Maturity (yrs) 0.01 0.01 0.00 --
Yield to Maturity (%) 3.14 5.83 0.59 --

Value Research Fund Style*

Credit Rating vis-à-vis Category

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Top Holdings

The underlying data is unavailable.

As on 30-Jun-2020

*As on 31-May-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 12-Jul-2020

Growth: ₹ 1,052.1224

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 6
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: 4.40%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 737 Cr (As on 30-Jun-2020)
Expense: 0.19% (As on 31-May-2020)
Risk Grade: --
Return Grade: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily12-Jul-20200.1498

 10-Jul-20200.0805
 09-Jul-20200.0746
 08-Jul-20200.0752
 07-Jul-20200.0742
 06-Jul-20200.0771
 05-Jul-20200.1476
 03-Jul-20200.0735
 02-Jul-20200.0690
 01-Jul-20200.1045
 30-Jun-20200.0733
 29-Jun-20200.0696
 28-Jun-20200.1203
 26-Jun-20200.0597
 25-Jun-20200.0465
 24-Jun-20200.0494
 23-Jun-20200.0707
 22-Jun-20200.0718
 21-Jun-20200.1411
 19-Jun-20200.0702
 18-Jun-20200.0672
 17-Jun-20200.0742
 16-Jun-20200.0691
 15-Jun-20200.0682
 14-Jun-20200.1405
Dividend Weekly10-Jul-20200.5262

 03-Jul-20200.5385
 26-Jun-20200.4195
 19-Jun-20200.4850
 12-Jun-20200.5009
 05-Jun-20200.5138
 29-May-20200.4235
 22-May-20200.4856
 15-May-20200.4178
 08-May-20200.5333
 30-Apr-20200.5133
 24-Apr-20200.3944
 17-Apr-20200.4659
 09-Apr-20200.3568
 03-Apr-20200.2915
 27-Mar-20200.1279
 20-Mar-20200.5551
 13-Mar-20200.6167
 06-Mar-20200.6190
 28-Feb-20200.6469
 20-Feb-20200.6606
 14-Feb-20200.6516
 07-Feb-20200.6529
 31-Jan-20200.6591
 24-Jan-20200.6586

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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