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Franklin Templeton Mutual Fund

Franklin India Ultra Short Term Fund

Franklin Templeton Mutual Fund · Direct plan · Growth

1-year returns
6.5%
NAV
₹11.54
▲ 0.01% · 18 Sept 2026
Fund size
₹281 Cr
Expense ratio
0.29%
a year
Minimum SIP
₹500

Figures are for the Direct plan. The Regular plan, bought through a distributor, is at ₹11.43 and has returned 6.07% over a year.

Returns, and where it stands

Against the average ultra short duration fund, and its place among them. Anything longer than a year is a yearly rate.

PeriodThis fundCategoryRank
1 year6.5%6.5%behind16 of 25
Every period, and the Regular plan →
PeriodDirectRegular
1 month0.5%0.5%
3 months1.8%1.6%
6 months3.4%3.2%
1 year6.5%6.1%
2 yearsp.a.7.2%6.7%

Figures are for the Direct plan, and the rank compares it against the same plan of its peers, best first. Based on NAV history from Aug 2024.

Plan

NAV history

▲ 6.54% in the last 1Y

10.811.211.518 Sept 202520 Mar 202618 Sept 2026

Hover or tap the chart for the NAV on any date. Past NAVs are adjusted for unit splits.

If you had invested in this fund

Investment type
years
Total invested
₹1,20,000
Gain
₹8,668
XIRR (per year)
6.88%
Value today
₹1,28,668

24 monthly instalments from 20 Sept 2024, valued at the latest NAV. Past returns do not guarantee future returns.

What the ride has been like

Worked out from this fund's own NAV history, not a rating.

How bumpy
0.4% a year
about the same as the ultra short duration fund average
Worst fall so far
−0.1%
Jul 2026 to Jul 2026.
Years that made money
100%
Of every one-year stretch it has been through.

Fund details

Minimum lumpsum
₹5,000
Minimum top-up
₹1,000
Lock-in
None
Plan started
29 Aug 2024
Expense ratio
0.29%
as of 31 Aug 2026

Managed by Rahul Goswami, Pallab Roy, Rohan Maru

Direct plan figures, last checked on 20 Sept 2026. Exit load and the scheme's benchmark are in thescheme document.

How it compares

Franklin India Ultra Short Term Fund against other funds in the Ultra Short Duration Fund category
Fund1Y3Y5YExpenseFund size
Nippon India Ultra Short Term Fund7%7.58%6.99%0.34%₹12,447 Cr
Tata Ultra Short Term Fund7.02%7.52%6.77%0.32%₹6,495 Cr
Aditya Birla Sun Life Ultra Short Term Fund6.68%7.5%6.76%0.27%₹18,819 Cr
Axis Ultra Short Term Fund6.8%7.45%6.77%0.36%₹6,074 Cr
Mirae Asset Ultra Short-Term Fund6.71%7.43%6.69%0.18%₹2,066 Cr
DSP Ultra Short Term Fund6.72%7.43%6.66%0.3%₹4,599 Cr
Franklin India Ultra Short Term Fund6.54%0.29%₹281 Cr

About Franklin India Ultra Short Term Fund

Franklin India Ultra Short Term Fund is a ultra short duration fund managed by Franklin Templeton Mutual Fund. Debt funds with a portfolio duration of 3 to 6 months. Suited to money needed in a few months.

To provide a combination of regular income and high liquidity by investing primarily in a mix of short term debt and money market instruments. However, there is no assurance that the investment objective of the Scheme will be achieved

The scheme's stated objective, as published by Franklin Templeton Mutual Fund.

The NAV (net asset value) is the price of one unit of the fund. It is published by the fund house every business day and changes with the value of the fund's holdings. The Growth option reinvests all gains, so its NAV reflects the fund's total return.

Tax on your gains

Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.

Work out what you would owe with the capital gains tax calculator.

Every plan and option, with scheme codes
PlanOptionNAVScheme code
DirectGrowth₹11.5353152825
DirectIDCW₹10.8593152827
RegularGrowth₹11.4297152828
RegularIDCW₹10.7766152826

Frequently asked questions

What is the NAV of Franklin India Ultra Short Term Fund today?

The NAV of Franklin India Ultra Short Term Fund (Direct plan, Growth) is ₹11.5353 and the Regular plan NAV is ₹11.4297, as of 18 Sept 2026.

What returns has Franklin India Ultra Short Term Fund given?

Over the last year the Direct plan returned 6.54%. Past returns do not guarantee future returns.

What is the expense ratio of Franklin India Ultra Short Term Fund?

The Direct plan charges 0.29% a year, as disclosed on 31 Aug 2026. The fee is already taken out of the NAV, so the returns above are what you keep.

What is the minimum SIP amount in Franklin India Ultra Short Term Fund?

You can start a monthly SIP with ₹500, or invest a lump sum of ₹5,000 or more.

How much has Franklin India Ultra Short Term Fund fallen in the past?

Its deepest fall was 0.1% from 6 Jul 2026 to 8 Jul 2026. Of every one-year stretch in its history, 100% ended in a gain.

Which category does Franklin India Ultra Short Term Fund belong to?

It is a Ultra Short Duration Fund from Franklin Templeton Mutual Fund. Debt funds with a portfolio duration of 3 to 6 months. Suited to money needed in a few months.

What is the difference between the Direct and Regular plan?

Both invest in the same portfolio. The Direct plan is bought straight from the fund house or a direct platform and has a lower expense ratio because no distributor commission is paid, so its NAV grows slightly faster over time.

How are gains from Franklin India Ultra Short Term Fund taxed?

Gains on debt fund units bought on or after 1 April 2023 are added to your income and taxed at your slab rate, however long you hold them. Units bought before that date follow the older long-term rules.

Source: NAVs published by the fund house through AMFI. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns. This page is for information only and is not a recommendation to buy or sell.