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Franklin India Overnight Fund

'Hi, I came across this interesting fund from Franklin Templeton. Check it out!'
Annualised Returns
Minimum Investment/Multiples for Fresh Purchase (INR)


Additional Investment/Multiples thereof (INR)


Over  Unique Investors (As of 31/03/2019)
Why should you invest in Franklin India Overnight Fund (FIONF)?
  • Carries very low credit risk and interest rate risk – thus has comparatively low risk to capital.
  • Invests in instruments that have a residual maturity of one business day like repo, reverse repo, tri party repo and money market instruments.
What are the “Tax Benefits” of investing in this fund?
  • Long term capital gains (LTCG) tax @20% (plus surcharge, if applicable and cess) with indexation if units held for more than 36 months
  • Short term capital gains (STCG) tax at the income tax slab rate if units are held for less than 36 months
  • Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @29.12% ( 25% + 12% surcharge + 4% Health & education cess) for Individuals and @ 34.944% ( 30% + 12% surcharge + 4% Health & education cess) for any other person.^^
  • In case of an investor being NRI, LTCG tax are chargeable @ 10% (plus surcharge, if applicable and cess) without indexation relating to units redeemed from unlisted schemes.

^^ The DDT is to be paid by the mutual fund after grossing-up income distributed to the investor.

What is the “Ideal Investment Horizon” while investing in this fund?

One day to one month

Alternative To
  • Savings Account / Current Account

Suitable For
  • Parking of short term funds

Fund Video

Overnight funds are a great investment choice for those looking to invest their money for shorter durations. Franklin India Overnight Fund carries a lower risk vis-à-vis other fund categories and makes a good choice for those considering investing for a time duration of even a day or just a week end. Watch the below video to know more about Franklin India Overnight Fund.

Fund Information

  • Inception 08/05/2019
  • Entry Load Nil
  • Exit Load Nil
  • NAV in INR as on 18/06/2019
  • Growth 1,006.3113
  • Weekly Dividend 1,000.2960
  • Direct-Growth 1,006.3733
  • Direct-Daily Dividend 1,000.0000
  • Direct-Dividend 1,000.0000
  • Direct-Weekly Dividend 1,000.2974
  • Additional Fund Information
Product Label
This product is suitable for Investors who are seeking*:
  • Regular income over short term with high level of safety and liquidity
  • Investment in debt and money market instruments having maturity of one business day

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.