NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹52.47
0.04%
NAV as on 02 Apr 26, 12:00 AM
low to moderate risk
money market
debt
NAV as on 02 Apr 26, 12:00 AM
low to moderate risk
money market
debt
6.45%p.a.
Last 1Y
7.26%p.a.
Last 3Y
6.14%p.a.
Last 5Y
7.10%p.a.
Since Inception
About Franklin India Money Market Fund Retail-Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Franklin India Money Market Fund Retail-Growth scheme from Franklin Templeton Asset Management (India) Private Limited. It is a Money Market mutual fund scheme that predominantly invests in Money Market stocks of companies. Launched on Feb 2002, Franklin India Money Market Fund Retail-Growth is Money Market fund of its category with 4,351.86 Cr fund under management as on Apr 2026. The expense ratio of this fund is less than that of most other Fund category Money Market funds.
- Franklin India Money Market Fund Retail-Growth delivered 6.5% annual returns during the last year. It has delivered 7.1% average annual returns since the fund was launched.
- Franklin India Money Market Fund Retail-Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
To provide income and liquidity consistent with the prudent risk from a portfolio comprising of money market instruments.
Top 10 Holdings
MANKIND PHARMA LIMITED 365D CP 17OCT25
1.95%
AXIS BANK LIMITED CD 13NOV25
2.25%
PUNJAB NATIONAL BANK CD 11DEC25
1.39%
INDIAN BANK CD 04DEC25
1.39%
UNION BANK OF INDIA CD 16JAN26
1.38%
KOTAK MAHINDRA BANK LIMITED CD 28JAN26
1.30%
UNION BANK OF INDIA CD 29JAN26
1.38%
CANARA BANK CD 03FEB26
1.95%
LIC HOUSING FINANCE LTD 362D CP 21JAN26
1.95%
IDBI BANK LIMITED CD 30JAN26
1.95%
Fund Managers
- Rahul Goswami (Oct 2023 - Present)
- Rohan Maru (Oct 2024 - Present)
- Chandni Gupta (Apr 2024 - Present)
Key Information
View Scheme Document
Franklin India Money Market Fund Retail-Growth SIP Calculator
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NRI Mutual Fund Tax on Franklin India Money Market Fund Retail-Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Franklin India Money Market Fund Retail-Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Franklin India Money Market Fund Retail-Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Frequently Asked Questions
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