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Should You Invest In The Franklin India Overnight Fund – Regular Plan?

Interested in The Franklin India Overnight Fund - Regular Plan? This blog will give you all the detail you need about the fund’s historical performance, estimated value and its portfolio of stocks.
March 4, 2021

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The Franklin India Overnight Fund invests in instruments that mature in one business day or overnight. Thus, the fund carries low credit and liquidity risk.

But that is not enough to determine whether you should invest in  the Franklin India Overnight Fund. Let’s put the fund under a microscope and understand its primary objective, past performance, and other key facts.

What Is Franklin India Overnight Fund?

The Franklin India Overnight Fund invests in overnight securities that mature in 1 business day. It generally invests in repo, reverse repo, tri-party repo, and money market instruments. 

It carries high liquidity similar to a liquid fund and minimal capital risk due to the overnight maturity of the securities in its portfolio. As with any debt fund, it is prone to interest rate fluctuations.

It is recommended to consult a Cube Wealth Coach before investing in any mutual fund.

Primary Investment Objective

The objective of the Franklin India Overnight Fund is to generate income while maintaining high liquidity. It is important to note that overnight funds do not offer an assured income.

There is also no assurance that the investment objective of the scheme will be met. Thus, it is advisable to consult a Cube Wealth Coach before investing in any mutual fund.

Investment Facts


Franklin India Overnight Fund Information

 

Mutual Fund Name

Franklin India Overnight Fund

Category

Open-Ended Debt Scheme

Date of Inception

10-May-2019

Returns Since Inception

3.89%

NAV

₹1,071.38

Benchmark Index

CRISIL Overnight Index

Minimum Investment Amount in Cube

₹5000

Expense Ratio

0.15%

AUM

₹269 Cr

52-Week NAV High

₹1071.38

52-Week NAV Low

₹1041.50


Note: All facts and figures are updated as of 01/03/2021 and are taken from publicly available sources. While we update our pages regularly, we advise you to check the Cube Wealth App for the latest data.

About Franklin India Overnight Fund Team

The Franklin India Overnight Fund is managed by Pallab Roy, along with Umesh Sharma. (as on 03/03/2021)

Pallab Roy is a seasoned finance professional. His qualifications include MBA in Finance, M.Com, and DBF. He has been associated with Franklin Templeton Asset Management (India) since June 2001.

Manager Umesh Sharma has several degrees and certifications to his credit, including B.Com, CA, CS and CFA. Before Franklin Templeton, he was associated with Religare Mutual Fund, Lotus India Mutual Fund, UTI Mutual Fund and ICICI Bank.

Competition

  • Axis Liquid Fund
  • Nippon India Liquid Fund
  • HDFC Liquid Fund
  • Canara Robeco Liquid Fund

Cube Wealth strongly advises investors to consult a Cube Wealth Coach before investing in any mutual fund.

Cube's Mutual Fund Advisor

Wealth First, Cube’s mutual fund advisory partner, comprises a team of experienced advisors who help you create wealth by curating a list of the best mutual funds. Currently, WF has over 3000+ clients and an AUM of ₹7000+ crores. 

Download the Cube Wealth app to invest in the best mutual funds in India.

FAQs

1. Is Overnight fund better than FD?

An overnight fund is a suitable option for the short term (0-3 years) as it generates reasonable returns by investing in low risk debt securities. There are no penalties for early withdrawal unlike FDs that require you to stay locked-in.

2. Is Overnight fund safe?

An overnight fund is considered to be one of the safest mutual funds because its portfolio matures in 1 day. This simply means that the overnight fund gets its principal amount invested in bonds back in one day.

Watch this video to know more about handpicked mutual funds on Cube Wealth



Shriram Shekhar
Shriram is a Content Marketer at Cube Wealth, the Financial Freedom App with a smart Perfect Portfolio Planner. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. Shriram’s love for philosophy, product development, and empowering people through quality content is what got him to Cube Wealth.

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