Franklin India Money Market Fund(G)-Direct Plan
View the regular plan of this scheme
Rs 48.6692 0.0091(0.019 %) NAV as on 10 Sep 2024
Scheme Objective: To provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.
Performance (As on 10 Sep 2024)
| 1 week returns | 3 month returns | 6 month returns | 1 year returns | 3 year returns | 5 year returns | Returns since inception | |
|---|---|---|---|---|---|---|---|
| Scheme | 0.13 % | 1.87 % | 3.90 % | 7.61 % | 6.16 % | 5.89 % | 7.46 % | >
Portfolio
Money market debt funds invest in money market instruments such as commercial paper, certificate of deposits and treasury bills. While their average maturity can vary, it tends to hold around or below 1 year. These funds may deliver losses on a day-to-day basis but are generally low volatile. While most funds pick instruments that have a high credit rating, some can go into papers with lower credit ratings in order to deliver higher return.
These funds suit any investor with investment horizons of 6 months to a year. Ensure that funds do not have a high share of low-rated debt. These funds can also be used to maintain emergency money as well.
