Franklin India Liquid Fund-Super Inst Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Franklin India Liquid Fund-Super Inst Direct Growth Plan had a NAV of ₹4,266.5731 as of 03 Sep 2026 and a scheme AUM of ₹5,600 Cr. Its 1-year, 3-year and 5-year returns are 6.56%, 7.01% and 6.35%, and the fund sits in the Balanced Risk category.

Our view is that this is a steady liquid fund rather than a return-chasing one. The longer history is broadly consistent, while the recent reading is also stable, so it may suit investors who want short-duration cash management with a relatively balanced risk profile.

Quick facts

Particular	Details
NAV	₹4,266.5731 as of 03 Sep 2026
AUM	₹5,600 Cr
Expense Ratio	0.13%
Launch Date	31 Dec 2012
Min SIP	₹500
Risk Category	Balanced Risk
Benchmark	Nifty 50
Fund Category	Liquid
Exit Load	0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, NIL after 7D
Fund Managers	Pallab Roy, Rohan Maru

The fund is managed by Pallab Roy and Rohan Maru.

Source data date: as of 03 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	0.56%	-3.01%
3M	1.77%	1.95%
1Y	6.56%	-4.4%
3Y	7.01%	5.74%
5Y	6.35%	6.27%

The recent picture is better for the fund than for its benchmark. Over 1 month and 1 year, the fund has stayed positive while the benchmark has been weak over the longer one-year window, which makes the fund look more resilient in the latest period.

At the 3-month mark, the fund is slightly behind the benchmark, but the gap is small. That matters because liquid funds are usually judged more on consistency than on dramatic outperformance, and this fund has remained fairly close to the benchmark while avoiding the deeper swings visible in the index’s one-year pattern.

The longer record is also stable. The 3-year return is above the benchmark, and the 5-year return is slightly ahead as well, which tells us the fund has preserved a modest edge over time rather than relying only on a strong short burst. Recent behaviour does not look disconnected from the longer trend; it looks like a continuation of a steady, lower-variance compounding profile.

For investors, that combination matters more than a single period reading. The fund has not shown explosive upside, but it has held a consistent return path against a benchmark that has been uneven, especially over 1 year.

Source data date: as of 03 Sep 2026

Should you BUY or HOLD Franklin India Liquid Fund-Super Inst?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Franklin India Liquid Fund-Super Inst Direct Growth Plan	6.56%	7.01%	6.35%
Axis Liquid Fund Direct Growth Plan	6.61%	7.03%	6.38%
Sundaram Liquid Fund Direct Growth Plan	6.61%	7.03%	6.37%
Aditya Birla SL Liquid Fund Direct Growth Plan	6.6%	7.03%	6.39%
JioBlackRock Liquid Fund Direct Growth Plan	6.6%	Data not available	Data not available
Edelweiss Liquid Fund Direct Growth Plan	6.58%	7.03%	6.37%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

The current fund is very close to the leading peer numbers on the recent one-year horizon, which tells us the gap is narrow rather than structural. Over 3 years and 5 years, the fund remains in the same broad band as the peer group, with returns that are slightly below some peers and slightly above others.

That mix creates a balanced picture. The short-term comparison looks tight, while the longer-term comparison suggests the fund has delivered a steady outcome without separating sharply from the group. For liquid-fund investors, that kind of profile can be more useful than a sharp but inconsistent lead.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
91 DTB (01-Oct-2026)	Treasury Bills	8.85%
HDFC Securities Ltd (11-Sep-2026) **@	Commercial Paper	5.14%
Union Bank of India (04-Sep-2026)	Certificate of Deposit	4.44%
7.44% Small Industries Development Bank of India (04-Sep-2026) **	Corporate Debt	4.19%
Bank of Baroda (20-Aug-2026) **	Certificate of Deposit	3.83%
Small Industries Development Bank of India (03-Sep-2026) **@	Commercial Paper	3.55%
Call, Cash & Other Assets	Cash & Cash Equivalents and Net Assets	3.47%
7.70% REC Ltd (31-Aug-2026) **	Corporate Debt	3.35%
REC Ltd (22-Oct-2026) **@	Commercial Paper	3.08%
HDFC Bank Ltd (21-Aug-2026) **	Certificate of Deposit	2.67%

The largest disclosed holding is 91 DTB (01-Oct-2026) at 8.85%, which is meaningful but not dominant in a liquid-fund context. The tenth holding is 2.67%, so the position sizes step down in a fairly orderly way rather than dropping off sharply after the first few names.

The top 10 holdings together account for approximately 42.57% of the portfolio. That suggests a moderate level of concentration in the disclosed core, but it also leaves a long tail across the remaining 38 holdings. In our view, that kind of structure may help balance liquidity management with diversification across short-dated instruments.

Because the fund discloses 48 holdings in total, the visible top positions appear to represent only part of the overall portfolio. The mix of treasury bills, CDs, CPs and corporate debt may mean that several shorter-dated instruments can influence outcomes, while no single holding appears large enough to define the fund on its own.

To see all holdings, visit the Franklin India Liquid Fund-Super Inst Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund may suit investors who are comfortable with a balanced-risk liquid fund and want short-horizon stability more than aggressive return swings. The 1-year return is steady, the 3-year and 5-year returns are consistent, and the benchmark comparison shows it has stayed close to, and sometimes ahead of, the index over time.

The trade-off is straightforward: investors are likely to accept modest returns in exchange for a more controlled pattern of performance. That makes it more relevant for parking money, liquidity management and conservative allocation needs than for investors who are looking for pronounced upside.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load

• 0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, NIL after 7D
• No exit load after holding period

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Franklin India Liquid Fund-Super Inst Direct Growth Plan?
The current NAV is ₹4,266.5731 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are 6.56%, 7.01% and 6.35%.

How does the fund compare with its benchmark?
It has stayed close to the benchmark over 5 years, but it has done better over 1 year and 3 years. The benchmark was weaker over the latest 1-year window.

How does the fund compare with the peer funds shown here?
Its recent return is very close to the peer group shown here, and its 3-year and 5-year figures also sit in the same broad range. The differences are narrow rather than dramatic.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund, and what exit load applies?
The fund is managed by Pallab Roy and Rohan Maru. The exit load reduces from Day 1 through Day 6 and becomes nil after 7 days.

Bottom line

Franklin India Liquid Fund-Super Inst Direct Growth Plan looks like a steady liquid-fund option with a consistent return pattern rather than a flashy one. Its shorter-term performance has held up well, its longer-term return profile is stable, and it stays close to the benchmark while comparing neatly with the peer group on the available numbers. The portfolio is built around short-dated instruments and a fairly spread-out holding list, which may suit investors who value liquidity and controlled movement over higher upside.

Published on 4 September 2026 at 4:41 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.