Franklin India Short Term Fund
Franklin Templeton Mutual Fund · Best Short Duration Mutual Funds
This is the Direct plan of Franklin India Short Term Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
Not ratedHow 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.
Not enough Short Duration Fund peers to rank yet
Volatility 0.6% vs 1.0% category avg
0.3% expense vs 0.4% category avg
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
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Short Duration Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.22% | +0.01% | +0.21% |
| 3M abs | — | +0.63% | — |
| 6M abs | — | +3.41% | — |
| 1Y CAGR | — | +5.16% | — |
| 3Y CAGR | — | +7.38% | — |
| 5Y CAGR | — | +6.70% | — |
Category average across peers in Short Duration Fund (up to 23 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.
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.
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.
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.
Fund Managers
RMRohan MaruManaging since 12 Aug 2026
Vice President Portfolio Manager Fixed Income
17.5 years
PGeMBA – Mumbai Education Trust (Finance) Masters in Commerce – RA Podar College, Mumbai University Bachelors in management studies – VES College, Mumbai University.
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).
- Franklin India Arbitrage Fund
- Franklin India Conservative Hybrid Fund
- Franklin India Floating Rate Fund
- Franklin India Income Plus Arbitrage Active Fund of Funds
- Franklin India Liquid Fund
- Franklin India Money Market Fund
- Franklin India Multi Asset Allocation Fund
- Franklin India Overnight Fund
- Franklin India Ultra Short Duration Fund
- Franklin India Ultra Short to Short Term Fund
- Franklin India Aggressive Hybrid Fund - Direct Plan - Growth
- Franklin India Equity Savings Fund - Direct Plan - Growth
- Franklin India Low Duration Fund - Growth Plan
ATAnuj TagraManaging since 12 Aug 2026
Vice President- Portfolio Manager, Fixed Income
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.
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
- Franklin India Aggressive Hybrid Fund
- Franklin India Balanced Advantage Fund
- Franklin India Banking & PSU Debt Fund
- Franklin India Equity Savings Fund
- Franklin India Medium to Long Duration Fund
- Franklin India Retirement Fund
- Franklin India Arbitrage Fund - Direct Plan - Growth
- Franklin India Conservative Hybrid Fund - Direct Plan - Growth
- Franklin India Corporate Debt Fund - Direct - Bonus
- Franklin India Income Plus Arbitrage Active Fund of Funds - Direct Plan - Growth
- Franklin India Liquid Fund - Direct Plan - Super Institutional Growth
- Franklin India Low Duration Fund - Growth Plan
- Franklin India Money Market Fund - Direct Plan - Retail Plan Growth
- Franklin India Multi Asset Allocation Fund - Direct Plan - Growth
- Franklin India Overnight Fund - Direct Plan - Growth
RGRahul GoswamiManaging since 12 Aug 2026
Chief Investment Officer Managing Director Fixed Income
30 years
BSc. (Mathematics), MBA (Finance)
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
- Franklin India Balanced Advantage Fund
- Franklin India Conservative Hybrid Fund
- Franklin India Income Plus Arbitrage Active Fund of Funds
- Franklin India Money Market Fund
- Franklin India Ultra Short Duration Fund
- Franklin India Corporate Debt Fund - Direct - Bonus
- Franklin India Flexi Cap Fund - Direct Plan - Growth
- Franklin India Low Duration Fund - Growth Plan
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.
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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 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.
From the blog
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 ₹10.07 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 +0.68% 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 0.34% 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.