INF109K01VH0
Franklin India Overnight Fund 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.
The fund follows a conservative investment strategy designed to offer:
- Liquidity: High liquidity suitable for earning extra returns on idle money lying in the bank, including emergency funds or surplus money not needed for a few days up to a year
- Low Risk: The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital
- Steady Returns: The fund is geared to deliver only marginally higher returns than bank accounts with steady, but low returns and is not suitable to build wealth in the long run
Key Portfolio Statistics (as of March 2024):
- 97.25% invested in Cash & Cash Equivalents
- 2.75% in Debt instruments
- Risk level: Low on the riskometer
The fund is managed by experienced professionals who bring deep expertise in fixed income management:
Pallab Roy (Primary Fund Manager):
- M.Com and MBA (Finance) qualification
- Associated with Franklin Templeton Investments since 2001
Rohan Maru (Co-Fund Manager):
- Managing the fund with effect from October 10, 2024
- M.Com and MBA in Finance
- Previously worked with ICICI Prudential Mutual Fund, Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as Research Associate
Franklin Templeton Asset Management (India) Private Limited is a well-established asset management company with a strong global heritage:
Global Heritage:
- Franklin Templeton is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc., named after Benjamin Franklin
- The company acquired Templeton, Galbraith & Hansberger Ltd. in October 1992, leading to the common name Franklin Templeton
Indian Operations:
- Commenced operations in India in 1996 under Templeton Asset Management India Pvt. Limited and received SEBI registration in February 1996
- Made its foray with the launch of Templeton India Growth Fund (now Templeton India Value Fund) in November 1996
- Has been a prominent player in India's financial landscape for 27 years
- One of the largest foreign fund houses in the country, headquartered in Mumbai with presence in over 34 cities and Collection Centers in over 100 locations
Assets Under Management:
- As of December 2023, the fund house manages assets averaging Rs. 79 thousand crores
Franklin India Overnight Fund may be suitable for investors who:
Ideal For:
- Seek parking for short-term surplus funds
- Want marginally better returns than savings bank accounts
- Need high liquidity with minimal risk
- Have emergency funds to deploy temporarily
- Require a safe haven for funds needed within days to months
Performance Metrics:
- The fund has delivered 4.66% returns since inception (as of March 31, 2024)
- Recent returns: 6.28% (1-year), 6.35% (3-year), and 5.09% (5-year) (as of July 16, 2025)
Cost Structure:
- Expense ratio of 0.11% (Direct Plan)
- No lock-in period
- Minimum SIP amount: ₹500
- Minimum lumpsum investment: ₹5,000
Tax Implications:
- For investments made on or after April 1, 2023: Entire amount of gain is added to investors' income and taxed according to applicable slab rate
What is today's NAV of Franklin India Overnight Fund?
The NAV changes daily based on market movements. You can check the current NAV on Allvest's platform or the fund house website for real-time updates.
What is the AUM of Franklin India Overnight Fund?
The fund's AUM was ₹290 crores as of March 31, 2024. AUM figures are updated monthly and available on fund factsheets.
What is the expense ratio of Franklin India Overnight Fund?
The expense ratio for the Direct Plan is 0.11%, which is quite competitive for overnight funds. Regular plans typically have higher expense ratios.
What are the returns of Franklin India Overnight Fund since inception?
The fund has delivered 4.66% returns since inception as of March 31, 2024. Returns may vary based on market conditions and investment timing.
What is the minimum SIP amount to invest in Franklin India Overnight Fund?
The minimum SIP amount is ₹500, making it accessible for regular investors to start systematic investing.
How do I invest in Franklin India Overnight Fund?
You can invest through Allvest's platform by completing your KYC, selecting the fund, choosing investment amount and mode (SIP/lumpsum), and completing the payment process.
How to start a SIP in Franklin India Overnight Fund?
Log into Allvest, search for Franklin India Overnight Fund, select SIP option, choose investment amount and frequency, set up auto-debit instructions, and confirm your investment.
How do I automate an SIP in Franklin India Overnight Fund?
Set up auto-debit through Allvest's platform by providing bank details and NACH mandate. This ensures automatic monthly investments without manual intervention.
How can I withdraw/redeem my investment in Franklin India Overnight Fund?
Access your portfolio on Allvest, select the fund units to redeem, specify the amount or units, and submit redemption request. Funds typically reach your bank account within 1-2 business days.
Clients/Investors to abstain them from dealing in any schemes of unauthorised collective investments / portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Sr. No
Name of KMP
Designation
Mobile Number
Email ID
2.
Mr. Amit Bansal
Designated Director /
Compliance Officer