Franklin India Liquid Fund
NAV history
Scorecard
★★☆☆☆2/5 vs 50 of 49 Liquid Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Liquid Fund (same plan and option). 50 of the 49 Liquid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +6.23% · ranks 44 of 49 Liquid Funds
Volatility 0.2% vs 0.2% category avg
0.2% expense vs 0.3% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Low expense ratio (0.20%) vs the Liquid Fund average of 0.26%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
- Ranks #46 of 49 on 1-year return in its Liquid Fund cohort
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Liquid Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.
Fund vs category average (Liquid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.49% | +0.51% | -0.02% |
| 3M abs | +1.58% | +1.62% | -0.04% |
| 6M abs | +3.02% | +3.19% | -0.17% |
| 1Y CAGR | +5.72% | +6.11% | -0.39% |
| 3Y CAGR | +6.23% | +6.63% | -0.40% |
| 5Y CAGR | +5.54% | +5.96% | -0.42% |
Category average across peers in Liquid Fund (up to 49 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 49 peers in Liquid Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
233 overlapping 1Y windows, sampled monthly across the fund’s history.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +3.77% | |
| 2025 | +5.88% | |
| 2024 | +6.67% | |
| 2023 | +6.28% | |
| 2022 | +4.14% | |
| 2021 | +2.59% | |
| 2020 | +3.63% | |
| 2019 | +6.16% | |
| 2018 | +6.74% | |
| 2017 | +6.03% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹4,069Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Franklin India Liquid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Franklin Templeton in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Franklin Templeton Mutual Fund has declared income distribution under its few schemes
Value Research · 1d ago
Franklin Templeton National Mutual Fund Olympiad returns for second edition, targets 50,000 students
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Top 10 mutual fund updates on August 19: Global fund reopenings, name changes, and other key developments
Upstox · 2d ago
Franklin India Short Term Fund - Direct Plan Portfolio
The Economic Times · 2d ago
Franklin India Low Duration Fund - Direct Plan
CNBC TV18 · 11d ago
Franklin Templeton sells 772,229 Gateway Distriparks shares
scanx.trade · 12d ago
Franklin Templeton MF introduces India Short Term Fund
Investment Guru · 16d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Liquid funds
Liquid funds invest in very short-term debt (maturing within 91 days). They're used to park money for days or weeks — low risk and easy to redeem, but low return too.
Frequently asked questions
What is the NAV of Franklin India Liquid Fund?
As of 20 Aug 2026, the NAV of Franklin India Liquid Fund is ₹6,294.66 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Franklin India Liquid Fund delivered?
Franklin India Liquid Fund has returned +5.72% over 1 year, +6.23% per year over 3 years, +5.54% per year over 5 years and +6.50% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Franklin India Liquid Fund?
Franklin India Liquid Fund charges an expense ratio of 0.20% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Franklin India Liquid Fund?
Its largest holdings are HDFC SECURITIES LIMITED 91D CP 11SEP26 (9.8%), UNION BANK OF INDIA CD 04SEP26 (8.5%), SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 7.44 BD 04SP26 FVRS1LAC (8.0%), REC LIMITED SR 221 7.51 BD 31JL26 FVRS1LAC (7.3%) and BANK OF BARODA CD 20AUG26 (7.3%). Holdings are disclosed monthly and change over time.
How risky is Franklin India Liquid Fund?
It is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -0.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Franklin India Liquid Fund?
Franklin India Liquid Fund is benchmarked against the NIFTY Liquid Index A-I. Its alpha and beta on this page are measured against that index.
Who manages Franklin India Liquid Fund?
Franklin India Liquid Fund is managed by Rohan Maru and Pallab Roy at Franklin Templeton.
How is Franklin India Liquid Fund taxed?
Franklin India Liquid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.