Franklin India Money Market Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026

Franklin India Money Market Fund is a money market fund offered by Franklin Templeton Mutual Fund, available in Direct and Other Plans across Daily IDCW, Monthly IDCW, Quarterly IDCW, Growth and 1 more. The scheme aims to generate stable returns by investing in money market instruments with maturities of up to 1 year, offering better yield potential than liquid funds with marginally higher duration risk. With multiple variants, Franklin India Money Market Fund lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews Franklin India Money Market Fund across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

Click Here – Get Free Investment Predictions

Franklin India Money Market Fund Plans and Options Available

Franklin India Money Market Fund is offered across 10 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Scheme Code	Plan	Option	ISIN (Growth / Payout)	ISIN (Reinvestment)	NAV (Rs)	NAV Date
122444	Direct Plan	Daily IDCW	-	INF090I01KN7	10.0537	20-Jul-2026
129437	Direct Plan	Monthly IDCW	INF090I01LC8	INF090I01LD6	10.9024	20-Jul-2026
118505	Direct Plan	Quarterly IDCW	INF090I01GT2	INF090I01GU0	11.6825	20-Jul-2026
118506	Direct Plan	Growth	INF090I01GV8	-	55.4388	20-Jul-2026
122443	Other Plan	Daily IDCW	-	INF090I01KM9	10.0496	20-Jul-2026
129436	Other Plan	Monthly IDCW	INF090I01LA2	INF090I01LB0	10.5054	20-Jul-2026
101356	Other Plan	Quarterly IDCW	INF090I01BZ0	INF090I01BY3	11.1515	20-Jul-2026
152200	Other Plan	IDCW	INF090I01WV5	INF090I01WW3	10.091	20-Jul-2026
152199	Other Plan	IDCW	INF090I01WT9	INF090I01WU7	10.08	20-Jul-2026
101357	Other Plan	Growth	INF090I01CA1	-	53.5697	20-Jul-2026

Investment Objective and Portfolio Approach

Franklin India Money Market Fund seeks to generate stable returns by investing in money market instruments with maturities of up to 1 year, offering better yield potential than liquid funds with marginally higher duration risk.

In terms of portfolio construction, the scheme holds money market instruments including T-Bills, commercial paper, certificates of deposit and short term debt securities with maturities of up to 1 year.

Franklin India Money Market Fund Performance and Returns

Franklin India Money Market Fund has delivered returns that are dependent on the fund manager's portfolio decisions, market conditions and the expense ratio differential between plans; investors should check the latest factsheet for current figures. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in Franklin India Money Market Fund

The Direct Plan of Franklin India Money Market Fund is available for investors transacting directly with the AMC or through a registered investment advisor, and carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in Franklin India Money Market Fund

The Growth option of Franklin India Money Market Fund reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of Franklin India Money Market Fund distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of Franklin India Money Market Fund is not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, while the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. This is the annual fee deducted from the scheme's assets.

The exit load on Franklin India Money Market Fund is typically Nil or a very small exit load for very short holding periods; investors should confirm in the scheme information document.

Who Should Consider Franklin India Money Market Fund

Conservative income seekers. The scheme suits investors looking for stable income with lower volatility than equity funds.

Medium term investors. A holding period matching the scheme's duration target is generally advisable for the scheme.

Investors stepping down risk. The scheme can be suitable for investors shifting from equity to debt as they approach a financial goal.

Key Risks in the scheme

Interest rate risk. The NAV of the scheme is sensitive to changes in interest rates and benchmark yields.

Credit risk. Debt holdings carry issuer credit risk, and any downgrade or default in the portfolio can affect NAV.

Reinvestment risk. Maturing bonds may need to be reinvested at lower yields in a falling interest rate environment.

How to Invest in Franklin India Money Market Fund

Investors evaluating Franklin India Money Market Fund should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in Franklin India Money Market Fund can be made as a lump sum or through a Systematic Investment Plan of at least Rs 500 lump sum for most money market funds, followed by regular monitoring of NAV and portfolio composition at least quarterly.

Check the Univest Screener for Live Mutual Fund and Stock Data

Download the Univest iOS App or Univest Android App to track Franklin India Money Market Fund NAV updates and get research backed investment ideas.

Conclusion

Franklin India Money Market Fund is a money market fund scheme from Franklin Templeton Mutual Fund available across 10 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 55.4388 for the Direct Plan Growth option as on 20-Jul-2026 reflects the scheme's performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Frequently Asked Questions on Franklin India Money Market Fund

What plans and options are available in Franklin India Money Market Fund?

Ans. Franklin India Money Market Fund is available in Direct and Other Plans and Daily IDCW, Monthly IDCW, Quarterly IDCW, Growth and 1 more, giving investors 10 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of Franklin India Money Market Fund?

Ans. The latest NAV of the Direct Plan Growth option of Franklin India Money Market Fund is Rs 55.4388 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of Franklin India Money Market Fund?

Ans. The primary objective of Franklin India Money Market Fund is to generate stable returns by investing in money market instruments with maturities of up to 1 year, offering better yield potential than liquid funds with marginally higher duration risk.

What is the difference between the Direct and Regular Plan in Franklin India Money Market Fund?

Ans. The Direct Plan of Franklin India Money Market Fund carries lower than the Regular Plan of the same scheme, since it excludes distributor commission, excluding distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of Franklin India Money Market Fund?

Ans. The Regular Plan of Franklin India Money Market Fund carries an expense ratio of not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, and the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on Franklin India Money Market Fund?

Ans. The exit load on Franklin India Money Market Fund is typically Nil or a very small exit load for very short holding periods; investors should confirm in the scheme information document. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in Franklin India Money Market Fund?

Ans. Franklin India Money Market Fund can suit investors whose financial goals, risk appetite and investment horizon align with the money market fund category. Consult a SEBI registered advisor to assess personal suitability.

Is Franklin India Money Market Fund a good investment?

Ans. Franklin India Money Market Fund can be appropriate for investors who understand the money market fund category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.