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Franklin India Overnight Fund As on April 30, 2026 |
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An open ended debt scheme investing in overnight securities
SCHEME CATEGORY
Overnight Fund
SCHEME CHARACTERISTICS
Regular income over short term with high level of safety and liquidity
INVESTMENT OBJECTIVE
The Scheme intends to provide reasonable income along with high liquidity by investing in overnight securities having maturity of 1 business day
DATE OF ALLOTMENT:
| May 08, 2019 |
Pallab Roy &
Rohan Maru (w.e.f. October 10, 2024)
BENCHMARK:
NIFTY 1D Rate Index (w.e.f. April 1, 2024)
| RESIDUAL MATURITY / AVERAGE MATURITY | 0.01 Years 4 Days |
| ANNUALISED PORTFOLIO YTM# | 5.35% |
| MODIFIED DURATION | 0.01 Years 4 Days |
| MACAULAY DURATION | 0.01 Years 4 Days |
Please note that from this month onwards, we will be giving average maturity, modified duration and macaulay duration in years as well as in days.
BASE EXPENSE RATIO#: 0.08% BASE EXPENSE RATIO# (DIRECT) : 0.06%
| #Base Expense Ratio (BER) is the actual expense ratio charged as
per the AUM slabs and within the BER limits prescribed in Regulation
66 of SEBI MF regulations. BER excludes brokerage and transaction
costs incurred towards execution of trades and the applicable statutory
levies as on that date. Brokerage and transaction costs incurred
towards execution of trades and statutory levies are charged, at
actuals, and is over and above the BER. For Total Expense Ratio (TER) and break up of TER i.e., BER, brokerage and transaction costs and statutory levies, please refer to daily TER disclosures on our website www.franklintempletonindia.com. For detailed understanding of TER, please refer to the TER note on our website. |
MULTIPLES FOR NEW INVESTORS:
Rs5000/1 MINIMUM INVESTMENT FOR SIP
Rs 500/1
ADDITIONAL INVESTMENT/
MULTIPLES FOR EXISTING INVESTORS:
Rs1000/1 LOAD STRUCTURE:
| Entry Load | : | Nil |
| Exit Load (for each purchase of Units) | : | Nil |
| Different plans have a different expense structure |
| Growth Plan | Rs 1405.9737 |
| Daily IDCW | Rs 1000.0001 |
| Weekly IDCW | Rs 1000.5642 |
| Direct - Growth Plan | Rs 1410.8065 |
| Direct - Daily IDCW | Rs 1000.0007 |
| Direct - Weekly IDCW | Rs 1000.5639 |
As per the addendum dated March 31, 2021, the Dividend Plan has been renamed to Income Distribution cum capital withdrawal (IDCW) Plan with effect from April 1, 2021 | |
| FUND SIZE (AUM) | |
| Month End | Rs 949.09 Crores |
| Monthly Average | Rs 959.93 Crores |
| Company Name | Company Ratings | Market Value (including accrued interest, if any) (Rs. in Lakhs) | % of assets |
| 91 DTB (14-MAY-2026) | SOVEREIGN | 2,395.61 | 2.52 |
| 182 DTB (21-MAY-2026) | SOVEREIGN | 1,396.10 | 1.47 |
| 364 DTB (07-MAY-2026) | SOVEREIGN | 999.16 | 1.05 |
| 91 DTB (07-MAY-2026) | SOVEREIGN | 349.71 | 0.37 |
| 364 DTB (14-MAY-2026) | SOVEREIGN | 299.45 | 0.32 |
| Total Gilts | 5,440.02 | 5.73 | |
| Total Debt Holdings | 5,440.02 | 5.73 | |
| Total Holdings | 5,440.02 | 5.73 | |
| Call,cash and other current asset | 89,469.46 | 94.27 | |
| Total Asset | 94,909.49 | 100.00 |
@ TREPs /Reverse Repo : 99.78%, Others (Cash/ Subscription receivable/ Redemption payable/ Receivables on sale/Payable on Purchase/ Other Receivable / Other Payable) : -5.51%
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.
*ICRA has assigned a credit rating of (ICRA)A1+mfs to Franklin India Overnight Fund (FIONF). The ratings assigned are basis the portfolio of the scheme with the credit
score of the portfolio being comfortable at the assigned rating level.
The rating indicates ICRA’s opinion on the credit quality of the portfolios held by the funds. The rating does not indicate the asset management company’s (AMC)
willingness or ability to make timely payments to the fund’s investors. The rating should not be construed as an indication of expected returns, prospective performance
of the mutual fund scheme, NAV or of volatility in its returns. ICRA’s mutual fund rating methodology is based on evaluating the inherent credit quality of the fund’s
portfolio. As a measure of the credit quality of a debt fund’s assets, ICRA uses the concept of ‘credit scores’. These scores are based on ICRA’s estimates of the credit risk
associated with each exposure of the portfolio taking into account its maturity. To quantify the credit risk scores, ICRA uses its database of historical default rates for
various rating categories and maturity buckets. The credit risk ratings incorporate ICRA’s assessment of a debt fund’s published investment objectives and policies, its
management characteristics, and the creditworthiness of its investment portfolio. ICRA reviews relevant fund information on an ongoing basis to support its published
rating opinions. If the portfolio credit score meets the benchmark of the assigned rating during the review, the rating is retained. If the benchmark credit score is breached,
ICRA gives a month’s time to the debt fund manager to bring the portfolio credit score within the benchmark credit score. If the debt fund manager is able to reduce the
portfolio credit score within the benchmark credit score, the rating is retained. If the portfolio continues to breach the benchmark credit score, the rating is revised to reflect
the change in the credit quality.