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1 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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(₹)
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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 1.08 0.01 0.06 0.25 0.72 1.45 2.93 -- -- -- --
CCIL T Bill Liquidity Weight 0.68 0.02 0.05 0.17 0.48 0.97 2.21 -- -- -- --
Debt: Overnight 1.08 0.01 0.06 0.25 0.73 1.47 2.97 -- -- -- --
Rank within category 18 22 25 24 22 21 23 -- -- -- --
Number of funds in category 30 30 30 30 30 30 30 4 3 3 3

As on 12-May-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
1 star
May-19 2.93 -- -- 0.15 202
Nippon India Overnight Fund - Regular Plan
4 star
Dec-18 2.97 -- -- 0.19 6,370
Axis Overnight Fund - Regular Plan
4 star
Mar-19 3.04 -- -- 0.10 6,152
UTI Overnight Fund - Regular Plan  | Invest Online
4 star
Dec-03 3.00 4.70 5.48 0.12 4,686
DSP Overnight Fund - Regular Plan  | Invest Online
5 star
Jan-19 3.01 -- -- 0.18 1,217

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* 3.56 0.38 -2.17 -5.20 -- --
Debt: Overnight* 4.49 0.39 0.24 0.78 0.61 0.62
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-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities -- -- -- 1
Modified Duration (yrs) 0.01 0.01 0.00 0.01
Average Maturity (yrs) 0.01 0.01 0.00 0.01
Yield to Maturity (%) 3.25 3.37 2.71 3.29
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 30-Apr-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 12-May-2021

Growth: ₹ 1,078.0909

IDCW Weekly: ₹ 1,000.2525

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: 3.80%
Benchmark: CRISIL Overnight Index
Riskometer: Low
Type: Open-ended
Assets: ₹ 202 Cr (As on 30-Apr-2021)
Expense: 0.15% (As on 31-Mar-2021)
Risk Grade: --
Return Grade: Low

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW Daily11-May-20210.0839

 10-May-20210.0843
 09-May-20210.1687
 07-May-20210.0837
 06-May-20210.0824
 05-May-20210.0821
 04-May-20210.0818
 03-May-20210.0827
 02-May-20210.1682
 30-Apr-20210.0836
 29-Apr-20210.0835
 28-Apr-20210.0822
 27-Apr-20210.0831
 26-Apr-20210.0829
 25-Apr-20210.1657
 23-Apr-20210.0823
 22-Apr-20210.0793
 21-Apr-20210.0835
 20-Apr-20210.0830
 19-Apr-20210.0826
 18-Apr-20210.1659
 14-Apr-20210.1637
 12-Apr-20210.0813
 11-Apr-20210.1498
 09-Apr-20210.0742
IDCW Weekly09-May-20210.5826

 02-May-20210.5868
 25-Apr-20210.5785
 18-Apr-20210.5794
 11-Apr-20210.5605
 04-Apr-20210.5255
 29-Mar-20210.6734
 21-Mar-20210.5911
 14-Mar-20210.5902
 07-Mar-20210.5785
 28-Feb-20210.5053
 21-Feb-20210.4354
 14-Feb-20210.5727
 07-Feb-20210.5790
 31-Jan-20210.5877
 24-Jan-20210.5845
 17-Jan-20210.5663
 08-Jan-20210.5643
 01-Jan-20210.5286
 24-Dec-20200.5797
 18-Dec-20200.5320
 11-Dec-20200.5252
 04-Dec-20200.4266
 27-Nov-20200.5207
 20-Nov-20200.3821

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

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over