DebtLow Duration FundRegularGrowthLow to Moderate

Franklin India Low Duration Fund

Q: What is the NAV of Franklin India Low Duration Fund?

The last published NAV of Franklin India Low Duration Fund was ₹32.61 per unit, on 07 Aug 2022. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

Q: What is the expense ratio of Franklin India Low Duration Fund?

Franklin India Low Duration Fund charges an expense ratio of 0.72% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: How risky is Franklin India Low Duration Fund?

Franklin India Low Duration Fund is rated low to moderate on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -10.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Franklin India Low Duration Fund?

Franklin India Low Duration Fund is benchmarked against the NIFTY Low Duration Debt Index A-I. Its alpha and beta on this page are measured against that index.

Q: Who manages Franklin India Low Duration Fund?

Franklin India Low Duration Fund is managed by Anuj Tagra, Chandni Gupta, Rohan Maru and Rahul Goswami at Franklin Templeton.

Q: How is Franklin India Low Duration Fund taxed?

Franklin India Low Duration 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 · Best Low Duration Mutual Funds

NAV

₹32.61

as of 07 Aug 2022

This is the Regular plan of Franklin India Low Duration Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

This scheme hasn’t published a NAV since 07 Aug 2022 — it appears to have been discontinued or merged. Trailing return and risk metrics need recent pricing, so they can’t be computed; only the NAV history and lifetime drawdown are shown below.

NAV history

+37.05%CAGR

52-week rangePrev NAV ₹32.54

Latest ₹32.61

Low ₹23.79100th percentile of its 52-week rangeHigh ₹32.61

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 — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Low Duration Fund peers to rank yet

Risk—

Volatility not available yet

CostHigh

0.7% expense vs 0.6% category avg

ConsistencyHigh

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

Consistent — positive in 100% of rolling 3-year windows

Concerns

High expense ratio (0.72%) vs the Low Duration Fund average of 0.61%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.72%

Category 0.61%▲0.11%

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

—

Category —

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

—

Category 1.08

Scheme Info

Definitions

Plan

Regular · Growth

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.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

NIFTY Low Duration Debt Index A-I

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.

27 Jul 2010

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

Definitions

Absolute return over the last 1 month (not annualized)

—

Absolute return over the last 3 months (not annualized)

—

Absolute return over the last 6 months (not annualized)

—

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

—

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

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.

—

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

—

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

—

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

—

Largest peak-to-trough decline over full history

-10.73%

Benchmark ratios

Not shown for Low Duration 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.

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

₹8.73L

Absolute

+45.48%

XIRR

+15.46%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin India Low Duration 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
2022part	+23.31%
2021	+16.72%
2020	+1.58%
2019	+5.18%
2018	+8.45%
2017	+8.31%
2016	+9.67%
2015	+9.84%
2014	+10.08%
2013	+9.52%

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

2,904

Expense ratio

0.72%

AUM

₹429.58Cr

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 · Low Duration Fund

Compare all


Franklin India Low Duration FundThis fund Franklin Templeton · Growth	—	—	—	—	—	0.72%	₹429.58Cr
HSBC Ultra Short to Short Term Fund HSBC · Direct · Growth	★★★★★	+6.26%	+7.82%	—	—	0.40%	—
Kotak Ultra Short to Short Term Fund Kotak Mahindra · Direct · Growth	★★★★☆	+6.26%	+7.45%	+6.73%	—	0.41%	—
Nippon India Ultra Short to Short Term Fund Nippon India · Direct · Growth	★★★★☆	+6.34%	+7.44%	+6.75%	—	0.39%	—
Mirae Asset Ultra Short to Short Term Fund Mirae Asset · Direct · Growth	★★★☆☆	+6.31%	+7.43%	+6.64%	—	0.21%	—
Mahindra Manulife Ultra Short to Short Term Fund Mahindra Manulife · Direct · Growth	★★☆☆☆	+6.32%	+7.43%	+6.69%	—	0.34%	—

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-10.7%04 Dec 2019 → 24 Mar 2020
Fell over 4 months, back to the old high on 31 Dec 2020 — 9 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹429.58Cr

April - June 2026

+7%

since January - March 2026

+₹28.13Cr

est. net flow, last quarter

At or near its largest, ₹429.58Cr 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.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

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

ATAnuj TagraStart date not disclosed

Role

Vice President- Portfolio Manager, Fixed Income

Education

BBA (Finance) MBA (Capital Markets) PGeMBA – Mumbai Education Trust (Finance) Master’s in commerce – RA Podar College, Mumbai University Bachelor’s in management studies – VES College, Mumbai University.

Experience

Vice President & Income • ICICI Prudential Asset Management Company Ltd. - AVP-Fund Manager, Fixed Income (Feb 2013 - Feb 2024). • Union Bank of India – Trader - GILTS & OIS (Jun 2009 – Feb 2013) • Fidelity International- CSA – New Accounts, Associate (Jan 2005 – May 2007) AVP & Senior Research Analyst

Funds managed (15)

All schemes Anuj Tagra runs →

CGChandni GuptaStart date not disclosed

Role

Vice President- Portfolio Manager, Fixed Income

Education

CFA Program, CFA institute USA

Experience

Vice President- Portfolio Manager, Fixed Income (based in Mumbai). She is responsible for Portfolio Management -Fixed Income. Prior Assignments (Last 10 years) ICICI Prudential Mutual Fund- AVP-Fund Manager, Fixed Income - October 2012-February 2024. Chief Investment Officer – Fixed Income (based at Mumbai). He is responsible for overseeing Fixed Income Fund Management. With effect from August 1, 2023. Prior assignments: • ICICI Prudential Asset Management Co. Ltd - Chief Investment Officer- Fixed Income - September 2012 to July 2023 • Standard Chartered Bank – Head Primary Dealer – November 2009 to September 2012. • ICICI Prudential Asset Management Co. Ltd - Senior Fund Manager – July 2004 to November 2009. • Franklin Templeton Asset Management Co. (I) Pvt. Ltd - Asst. Vice President – Fixed Income - October 2002 to July 2004. Vice President- Portfolio Manager, Fixed Income (based in Mumbai).

Funds managed (12)

All schemes Chandni Gupta 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 →

RGRahul GoswamiStart date not disclosed

Role

Chief Investment Officer Managing Director Fixed Income

Total experience

30 years

Education

BSc. (Mathematics), MBA (Finance)

Experience

Chief Investment Officer & Managing Director – Fixed Income • ICICI Prudential Asset Management Co. Ltd - Chief Investment Officer- Fixed Income (Sep 2012 - Jul 2023) • Standard Chartered Bank – Head – Primary Dealer (Nov 2009 -Sep 2012) • ICICI Prudential Asset Management Co. Ltd – Sr. Fund Manager (Jul 2004- Nov 2009) Franklin Templeton Asset Management Co. (I) Pvt. Ltd - Asst. Vice President – Fixed Income (Oct 2002- Jul 2004) Vice President & Sr Research Analyst

Funds managed (8)

All schemes Rahul Goswami 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

Anuj Tagra Chandni Gupta Rohan Maru Rahul Goswami

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 Low Duration funds

Low duration funds run a Macaulay duration of 6 to 12 months. They sit between ultra short and short duration funds, aimed at money with a horizon of about a year.

Frequently asked questions

What is the NAV of Franklin India Low Duration Fund?

The last published NAV of Franklin India Low Duration Fund was ₹32.61 per unit, on 07 Aug 2022. The scheme has not published a NAV since then — it has likely been merged, wound up or discontinued, so this figure is historical, not a current price.

What is the expense ratio of Franklin India Low Duration Fund?

Franklin India Low Duration Fund charges an expense ratio of 0.72% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

How risky is Franklin India Low Duration Fund?

Franklin India Low Duration Fund is rated low to moderate on SEBI's risk-o-meter and its worst peak-to-trough fall in our sample was -10.7%. 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 Low Duration Fund?

Franklin India Low Duration Fund is benchmarked against the NIFTY Low Duration Debt Index A-I. Its alpha and beta on this page are measured against that index.

Who manages Franklin India Low Duration Fund?

Franklin India Low Duration Fund is managed by Anuj Tagra, Chandni Gupta, Rohan Maru and Rahul Goswami at Franklin Templeton.

How is Franklin India Low Duration Fund taxed?

Franklin India Low Duration 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.