DebtFloating Interest Rates FundRegularIDCWModerate

Franklin India Floating Interest Rates Fund

Q: What is the NAV of Franklin India Floating Interest Rates Fund?

As of 01 Oct 2026, the NAV of Franklin India Floating Interest Rates Fund is ₹10.14 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin India Floating Interest Rates Fund delivered?

Franklin India Floating Interest Rates Fund has returned -1.12% over 1 year, -0.22% per year over 3 years, -0.10% per year over 5 years and +0.07% 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.

Q: What is the expense ratio of Franklin India Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund charges an expense ratio of 0.95% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Franklin India Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund's largest holdings are 7.31% Karnataka SDL (04-Sep-2033) (9.2%), 7.33% Maharashtra SDL (04-Mar-2034) (9.1%), 7.64% REC Ltd (30-Apr-2027) (9.1%), 7.59% Chhattisgarh SDL (11-Feb-2036) (8.8%) and Bank of Baroda (04-Dec-2026) (8.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin India Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.5% and its worst peak-to-trough fall in our sample was -2.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -13.43 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Floating Interest Rates Fund's -13.43 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Franklin India Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund is benchmarked against the NIFTY Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.

Q: Who manages Franklin India Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund is managed by Sandeep Manam, Rohan Maru and Pallab Roy at Franklin Templeton.

Q: How is Franklin India Floating Interest Rates Fund taxed?

Franklin India Floating Interest Rates 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.

Franklin Templeton Mutual Fund

NAV

₹10.14

0.00% 1D

as of 01 Oct 2026

This is the Regular plan of Franklin India Floating Interest Rates Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed daily, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.

View the Growth plan for compounded returns (+7.23% 3Y CAGR)

NAV history

-1.08%CAGR

52-week rangePrev NAV ₹10.14

Latest ₹10.14

Low ₹10.140th percentile of its 52-week rangeHigh ₹10.30

Scorecard

Not rated

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. Not rated — too few comparable Debt funds (same plan and option) to rank against yet.

Performance—

Not enough Floating Interest Rates Fund peers to rank yet

Risk—

Volatility 0.5% (no category average yet)

Cost—

0.9% expense (no category average yet)

ConsistencyModerate

82% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.95%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

-13.43

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹1,000

NIFTY Short Duration Debt Index A-II

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

01 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-0.18%

Absolute return over the last 3 months (not annualized)

-0.24%

Absolute return over the last 6 months (not annualized)

-0.65%

Absolute return since 1 Jan of this year (not annualized)

-1.33%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-1.12%

3-year annualized return (CAGR)

-0.22%

5-year annualized return (CAGR)

-0.10%

10-year annualized return (CAGR)

+0.12%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+0.07%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.50%

Excess return per unit of total volatility (rf = 6.5%)

-13.43

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-11.37

Largest peak-to-trough decline over full history

-2.45%

Benchmark ratios

Not shown for Floating Interest Rates 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 (Floating Interest Rates Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.18%	—	—
3M abs	-0.24%	—	—
6M abs	-0.65%	—	—
1Y CAGR	-1.12%	—	—
3Y CAGR	-0.22%	—	—
5Y CAGR	-0.10%	—	—

Category average across peers in Floating Interest Rates Fund, 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.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹5.97L

Absolute

-0.53%

XIRR

-0.22%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin India Floating Interest Rates Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund
2026part	-1.33%
2025	+0.18%
2024	+0.78%
2023	+0.53%
2022	-0.19%
2021	-0.29%
2020	+1.45%
2019	+0.26%
2018	-0.13%
2017	0.00%

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.

History points

5,767

Expense ratio

0.95%

YTM (from holdings)

7.52%

Average maturity

2.91 years

Exit load

Nil

Taxation

Taxed as debt

This 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.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

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.

Peer comparison · Floating Interest Rates Fund

Compare all


Franklin India Floating Interest Rates FundThis fund Franklin Templeton · Regular · Daily IDCW	—	-1.12%	-0.22%	-0.10%	—	0.95%	—
Axis Floating Interest Rates Fund Axis · Regular · Annual IDCW	—	+5.78%	+7.37%	+6.21%	—	0.53%	—
DSP Floating Interest Rates Fund DSP · Regular · IDCW	—	+4.94%	+7.33%	+6.34%	—	0.57%	—
Kotak Floating Interest Rates Fund Kotak Mahindra · Regular · Standard · IDCW	—	+5.29%	+7.28%	+6.30%	—	—	—
SBI Floating Interest Rates Fund SBI · Regular · IDCW	—	+5.89%	+7.22%	+6.49%	—	0.42%	—
SBI Floating Interest Rates Fund SBI · Regular · IDCW	—	+5.89%	+7.21%	+6.49%	—	0.42%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt96.98%
Cash & Equivalents3.02%

AMC Profile

Franklin Templeton Mutual Fund is the Indian arm of Franklin Resources, the US manager, and has operated here since 1996. In April 2020 it wound up six of its Indian debt schemes — the largest such closure the industry has seen — and returned the money to unitholders over the following years.

Launched

18 Feb 1996

Total AUM

₹1,26,017Cr+2.0% QoQ

Avg AUM · April - June 2026

Website

franklintempletonindia.com

Fund Managers

SMSandeep ManamStart date not disclosed

Role

VP & Senior Research Analyst

Education

PGDM- IIM- Ahmedabad B.Tech (Electronics & (based at Chennai) Franklin Equity Team and also the Engg.)- National Institute of Technology Calicut

Experience

He is responsible for researching investment opportunities in automotive and airline sectors. Prior Assignments: Cognizant Technology Solutions (April 2014- July 2015) He was supporting UBS lead analyst in covering Indian Auto, Auto component sectors. Also supported coverage of Indian Pharma companies. Shapoorji Pallonji & Company Private Limited (April 2011- March 2014) He was responsible for supporting the Group’s Head (Strategy) in driving strategy at the group and company level..

Funds managed (20)

All schemes Sandeep Manam runs →

RMRohan MaruStart date not disclosed

Role

Vice President Portfolio Manager Fixed Income

Total experience

17.5 years

Education

PGeMBA – Mumbai Education Trust (Finance) Masters in Commerce – RA Podar College, Mumbai University Bachelors in management studies – VES College, Mumbai University.

Experience

Vice President- Portfolio Manager, Fixed Income (based in Mumbai). Prior Assignments (last 10 years): ICICI Prudential Asset Management Company Pvt Ltd (05 November 2012 till 27 September 2024) Vice President- Portfolio Manager, Fixed Income (based in Mumbai).

Funds managed (12)

All schemes Rohan Maru runs →

PRPallab RoyStart date not disclosed

Role

Assistant Vice President and Portfolio Manager Fixed Income

Education

MBA (Fin.), Assistant Vice President M.Com., DBF

Experience

Assistant Vice President and Portfolio Manager - Fixed Income (based at Mumbai). Prior assignments: • Franklin Templeton Asset Management (India) Pvt. Ltd. (June 2001 – till date). Responsible for Liquidity Management & Portfolio MIS – Fixed Income funds. Chief Investment Officer & Managing Director – Fixed Income (based at Mumbai).

Funds managed (8)

All schemes Pallab Roy runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Sandeep Manam Rohan Maru Pallab Roy

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.

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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 Debt funds

Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.

Frequently asked questions

What is the NAV of Franklin India Floating Interest Rates Fund?

As of 01 Oct 2026, the NAV of Franklin India Floating Interest Rates Fund is ₹10.14 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin India Floating Interest Rates Fund delivered?

Franklin India Floating Interest Rates Fund has returned -1.12% over 1 year, -0.22% per year over 3 years, -0.10% per year over 5 years and +0.07% 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 Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund charges an expense ratio of 0.95% 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 Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund's largest holdings are 7.31% Karnataka SDL (04-Sep-2033) (9.2%), 7.33% Maharashtra SDL (04-Mar-2034) (9.1%), 7.64% REC Ltd (30-Apr-2027) (9.1%), 7.59% Chhattisgarh SDL (11-Feb-2036) (8.8%) and Bank of Baroda (04-Dec-2026) (8.7%). Holdings are disclosed monthly and change over time.

How risky is Franklin India Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.5% and its worst peak-to-trough fall in our sample was -2.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What does the Sharpe ratio of -13.43 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Floating Interest Rates Fund's -13.43 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Franklin India Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund is benchmarked against the NIFTY Short Duration Debt Index A-II. Its alpha and beta on this page are measured against that index.

Who manages Franklin India Floating Interest Rates Fund?

Franklin India Floating Interest Rates Fund is managed by Sandeep Manam, Rohan Maru and Pallab Roy at Franklin Templeton.

How is Franklin India Floating Interest Rates Fund taxed?

Franklin India Floating Interest Rates 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.