DebtShort Duration FundRegularGrowthLow to Moderate

Franklin India Short Term Fund

Q: What is the NAV of Franklin India Short Term Fund?

As of 05 Oct 2026, the NAV of Franklin India Short Term Fund is ₹10.06 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin India Short Term Fund delivered?

Franklin India Short Term Fund has returned +0.59% 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 Short Term Fund?

Franklin India Short Term Fund charges an expense ratio of 0.96% 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 Short Term Fund?

Franklin India Short Term Fund's largest holdings are 8.65% Bharti Telecom Ltd (05-Nov-2027) (10.2%), 7.58% Poonawalla Fincorp Ltd (08-Sep-2028) (10.2%), 7.70% National Bank For Agriculture & Rural Development (30-Sep-2027) (10.2%), 7.80% LIC Housing Finance LTD (22-Dec-2027) (10.0%) and 8.85% Power Finance Corporation Ltd (25-May-2029) (10.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin India Short Term Fund?

Franklin India Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.6% and its worst peak-to-trough fall in our sample was -0.1%. 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 Short Term Fund?

Franklin India Short Term 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 Short Term Fund?

Franklin India Short Term Fund is managed by Rohan Maru, Anuj Tagra and Rahul Goswami at Franklin Templeton.

Q: How is Franklin India Short Term Fund taxed?

Franklin India Short Term 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 Short Duration Mutual Funds

NAV

₹10.06

+0.08% 1D

as of 05 Oct 2026

This is the Regular plan of Franklin India Short Term 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

NAV history

+0.59%absolute

52-week rangePrev NAV ₹10.05

Latest ₹10.06

Low ₹10.00100th percentile of its 52-week rangeHigh ₹10.06

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 Short Duration Fund peers to rank yet

RiskLow

Volatility 0.6% vs 1.0% category avg

CostAverage

1.0% expense vs 1.0% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Less volatile than its Short Duration Fund peers (0.6% vs 1.0%)

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.96%

Category 0.97%▼0.01%

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

—

Category —

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

—

Category 0.20

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.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

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.

12 Aug 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.17%

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)

+0.59%

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.

+0.59%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

0.61%

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

-0.12%

Benchmark ratios

Not shown for Short 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.

Fund vs category average (Short Duration Fund)

Period	Fund	Category avg.	Diff
1M abs	+0.17%	-0.05%	+0.22%
3M abs	—	+0.45%	—
6M abs	—	+3.06%	—
1Y CAGR	—	+4.50%	—
3Y CAGR	—	+6.70%	—
5Y CAGR	—	+5.99%	—

Category average across peers in Short Duration Fund (up to 22 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.

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

₹10.00K

Current value

₹10.00K

Absolute

0.00%

XIRR

+450.01%

Value vs. invested

ValueInvested

Pick a longer period to plot the path.

1 monthly installments of ₹10,000 into Franklin India Short Term Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

Expense ratio

0.96%

YTM (from holdings)

7.47%

Average maturity

0.99 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 · Short Duration Fund

Compare all


Franklin India Short Term FundThis fund Franklin Templeton · Regular · Growth	—	—	—	—	—	0.96%	—
Axis Short Term Fund Axis · Regular · Growth	★★★★★	+4.99%	+7.14%	+6.16%	—	0.93%	—
Axis Short Term Fund Axis · Regular · Growth	—	+4.99%	+7.13%	+6.15%	—	0.93%	—
HDFC Short Term Fund HDFC · Regular · Growth	★★★★★	+4.88%	+7.09%	+6.19%	—	0.72%	—
ICICI Prudential Short Term Fund ICICI Prudential · Regular · Growth	★★★★★	+5.21%	+7.06%	+6.43%	—	1.05%	₹20,833Cr
Bank of India Short Term Fund Bank of India · Regular · Growth	★★☆☆☆	+4.42%	+6.99%	+10.29%	—	1.19%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt87.69%
Cash & Equivalents12.31%

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

RMRohan MaruManaging since 12 Aug 2026

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 (13)

All schemes Rohan Maru runs →

ATAnuj TagraManaging since 12 Aug 2026

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 →

RGRahul GoswamiManaging since 12 Aug 2026

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 managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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

Rohan Maru Anuj Tagra 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.

Run SIP calculator Add to compare

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 Short Duration funds

Short duration funds run a Macaulay duration of 1 to 3 years. Long enough to earn more than a liquid or ultra short fund, short enough that a rate move does not swing the NAV the way it does in a long duration fund.

Frequently asked questions

What is the NAV of Franklin India Short Term Fund?

As of 05 Oct 2026, the NAV of Franklin India Short Term Fund is ₹10.06 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin India Short Term Fund delivered?

Franklin India Short Term Fund has returned +0.59% 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 Short Term Fund?

Franklin India Short Term Fund charges an expense ratio of 0.96% 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 Short Term Fund?

Franklin India Short Term Fund's largest holdings are 8.65% Bharti Telecom Ltd (05-Nov-2027) (10.2%), 7.58% Poonawalla Fincorp Ltd (08-Sep-2028) (10.2%), 7.70% National Bank For Agriculture & Rural Development (30-Sep-2027) (10.2%), 7.80% LIC Housing Finance LTD (22-Dec-2027) (10.0%) and 8.85% Power Finance Corporation Ltd (25-May-2029) (10.0%). Holdings are disclosed monthly and change over time.

How risky is Franklin India Short Term Fund?

Franklin India Short Term Fund is rated low to moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.6% and its worst peak-to-trough fall in our sample was -0.1%. 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 Short Term Fund?

Franklin India Short Term 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 Short Term Fund?

Franklin India Short Term Fund is managed by Rohan Maru, Anuj Tagra and Rahul Goswami at Franklin Templeton.

How is Franklin India Short Term Fund taxed?

Franklin India Short Term 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.