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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 500 Unique Investors (As of 31/12/2019)
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 31/03/2020
  • Growth 1,044.2830
  • Daily Dividend 1,000.0000
  • Weekly Dividend 1,000.0085
  • Direct-Growth 1,044.8102
  • Direct-Dividend 1,000.0000
  • Direct-Weekly Dividend 1,000.0132
  • Additional Fund Information as on 31/01/2020
  • Fund Size in INR (CR) 334.48
  • Weighted Average Maturity 0.01 Years
  • Modified Duration [3] 0.01 Years
  • Yield to Maturity [2] 4.92%
  • Expense Ratio [#] 0.15
  • Expense Ratio (Direct) [#] 0.10
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.

All investments in debt funds are subject to various types of risks including credit risk, interest rate risk, liquidity risk etc. Some fixed income schemes may have a higher concentration to securities rated below AA and therefore may be exposed to relatively higher risk of downgrade or default and the associated volatility in prices which could impact NAV of the scheme. Credit rating issued by SEBI registered entities is an opinion of the rating agency and should not be considered as an assurance of repayment by issuer. There is no assurance or guarantee of principal or returns in any of the mutual fund scheme.