Franklin India Liquid Fund

LiquidDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Franklin India Liquid Fund is a Liquid fund run by Franklin Templeton Mutual Fund. On 30-09-2026, it managed ₹4,811 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 7.0% a year and its Regular plan returned 6.2% a year. Its benchmark, NIFTY Liquid Index A-I, returned 6.9% a year over the same 3 years.

NAV (Direct plan): ₹4,303.78; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹6,358.25; ▲ 0.02%30-10-2026
Expense ratio: 0.14%Direct0.20%Regular; 0.14%; A year
Riskometer: Not available; Set by the fund house
3 year return: 7.0%Direct6.2%Regular; 7.0%; A year

Franklin India Liquid Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹4,303.78 (up 0.02% that day); Regular Plan Growth ₹6,358.25 (up 0.02% that day).

This fund (Direct plan)

₹4,303.7775

Franklin India Liquid Fund Returns vs NIFTY Liquid Index A-I

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	+0.47%	+1.54%	+3.26%	+6.52%	+6.95%	+6.43%	+6.17%
This fund (Regular)	+0.41%	+1.35%	+2.88%	+5.75%	+6.17%	+5.66%	+5.39%
NIFTY Liquid Index A-I	+0.51%	+1.57%	+3.42%	+6.44%	+6.90%	+6.36%	--
Liquid average	+0.44%	+1.46%	+3.06%	+6.23%	+6.66%	+6.18%	+5.85%
Best in Liquid	+0.48%	+1.54%	+3.26%	+6.54%	+6.96%	+6.47%	+6.32%
Worst in Liquid	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Rank in Liquid	2/43	1/42	1/42	4/40	4/36	9/34	3/28

Category rows compare the Direct plans of 44 Liquid funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Franklin India Liquid Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.45%	+4.82%
2025	+6.66%	+5.88%
2024	+7.46%	+6.67%
2023	+7.04%	+6.26%
2022	+4.92%	+4.16%
2021	+3.35%	+2.59%

Franklin India Liquid Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 3,789 periods, one for each trading day from 31-12-2015 to 30-10-2026.

0%2%4%6%8%10%

Nov 2013
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025

Franklin India Liquid Fund (Direct)Category average, 43 Liquid funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	4,390	7.0%	3.2%	9.9%	0%	6.7%	100%
2 years	4,090	7.1%	3.4%	9.4%	0%	6.7%	100%
3 years	3,789	7.0%	4.2%	9.1%	0%	6.6%	100%
5 years	3,188	6.0%	5.3%	8.4%	0%	5.7%	100%
7 years	2,491	5.9%	5.7%	8.0%	0%	5.6%	100%
10 years	1,395	6.5%	6.2%	6.9%	0%	6.1%	100%

Every SIP holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	155	7.0%	3.2%	9.9%	0%	6.8%	100%
2 years	143	7.0%	3.4%	9.4%	0%	6.7%	100%
3 years	131	7.0%	3.8%	9.0%	0%	6.6%	100%
5 years	107	6.4%	4.6%	7.9%	0%	6.0%	100%
7 years	83	5.9%	5.2%	7.6%	0%	5.6%	100%
10 years	47	6.1%	5.9%	6.2%	0%	5.8%	100%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 43 Liquid funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Franklin India Liquid Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Franklin India Liquid Fund (Direct)This fund	Category average
Return (CAGR)	+6.52%	+6.22%
Standard deviation	0.18%	0.18%
Sharpe ratio	7.22	5.54
Sortino ratio	23.63	14.81
Maximum drawdown	−0.01% (23-03-2026)	−0.01% (22-10-2026)

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Franklin India Liquid Fund (Direct)This fund	Category average
Return (CAGR)	+6.95%	+6.66%
Standard deviation	0.14%	0.14%
Sharpe ratio	6.51	4.68
Sortino ratio	21.25	12.26
Maximum drawdown	−0.01% (23-03-2026)	−0.01% (22-10-2026)

From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Franklin India Liquid Fund (Direct)This fund	Category average
Return (CAGR)	+6.43%	+6.19%
Standard deviation	0.13%	0.13%
Sharpe ratio	4.77	2.95
Sortino ratio	10.71	5.88
Maximum drawdown	−0.04% (05-05-2022)	−0.03% (05-05-2022)

From daily NAVs, 30-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Franklin India Liquid Fund (Direct)This fund	Category average
Return (CAGR)	+6.17%	+5.85%
Standard deviation	0.19%	0.15%
Sharpe ratio	4.07	2.92
Sortino ratio	10.15	5.60
Maximum drawdown	−0.16% (24-03-2020)	−0.12% (24-03-2020)

From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Measure	Franklin India Liquid Fund (Direct)This fund	Category average
Return (CAGR)	+6.90%	+6.51%
Standard deviation	0.23%	0.25%
Sharpe ratio	3.76	1.81
Sortino ratio	8.97	2.69
Maximum drawdown	−0.16% (24-03-2020)	−0.34% (07-01-2013)

From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−0.4%−0.3%−0.2%−0.1%0%

2013201520172019202120232025

Franklin India Liquid Fund (Direct)Category average, 43 Liquid funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Franklin India Liquid Fund (Direct)	−0.16%	17-03-2020	24-03-2020	27-03-2020	3 days	0.0%
Category average	−0.34%	06-01-2013	07-01-2013	11-01-2013	4 days	0.0%

From the Direct plan's daily NAV since 31-12-2012, adjusted for unit splits, and the average of the 43 Liquid funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Franklin India Liquid Fund vs Other Liquid Funds

The five Liquid funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Aditya Birla Sun Life Liquid Fund	1/36	61,167	0.21%	+6.52%	+6.96%	--	--	6.22	17.25	Compare
Axis Liquid Fund	1/36	53,470	0.13%	+6.54%	+6.96%	--	--	6.39	19.90	Compare
Edelweiss Liquid Fund	1/36	11,741	0.10%	+6.50%	+6.96%	--	--	6.45	18.56	Compare
Sundaram Liquid Fund	4/36	6,727	0.14%	+6.53%	+6.95%	--	--	6.03	18.56	Compare
Franklin India Liquid Fund	4/36	4,811	0.14%	+6.52%	+6.95%	--	--	6.51	21.25

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Franklin India Liquid Fund Expense Ratio and Costs

What each plan charges a year, in force from 01-09-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Liquid median	Cost rank (1 = cheapest)
Direct	0.12%	0.00%	0.00%	0.02%	0.14%	0.14%	22/43
Regular	0.17%	0.00%	0.00%	0.03%	0.20%	0.25%	7/43

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Liquid funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	5.75%	6.52%	0.77%	₹1,05,750	₹1,06,520
3 years	6.17%	6.95%	0.78% a year	₹1,19,676	₹1,22,333
5 years	5.66%	6.43%	0.77% a year	₹1,31,690	₹1,36,559
10 years	5.39%	6.17%	0.78% a year	₹1,69,042	₹1,81,978

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Franklin India Liquid Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planFranklin India Liquid Fund (Direct)	₹16,60,000	₹26,31,842	₹9,71,842	6.4%
Regular planFranklin India Liquid Fund (Regular)	₹16,60,000	₹24,83,702	₹8,23,702	5.6%
Category averageCategory average, 43 Liquid funds	₹16,60,000	₹25,70,208	₹9,10,208	6.1%

₹0₹10.0 L₹20.0 L₹30.0 L

2014201620182020202220242026

Direct planFranklin India Liquid Fund (Direct)Regular planFranklin India Liquid Fund (Regular)Category averageCategory average, 43 Liquid fundsAmount invested

From each plan's published NAV (Growth option) and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Franklin India Liquid Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

85.1%Debt

Asset	Fund	Category
Debt	85.1%	97.0%
Cash and others	14.9%	6.5%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 42 Liquid funds.

Rating	Fund	Category
Sovereign	0.5%	15.2%
AAA and A1+	84.6%	81.1%

Franklin India Liquid Fund Portfolio Holdings

As on 30-09-2026 · 39 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
Hindustan Petroleum Corporation Ltd (03-Dec-2026) · Commercial paper	CRISIL A1+	6.17%
Bank of Baroda (05-Nov-2026) · Certificate of deposit	IND A1+	5.17%
Export-Import Bank Of India (04-Dec-2026) · Commercial paper	CRISIL A1+	5.14%
IIFL Home Finance Ltd (08-Dec-2026) · Commercial paper	CRISIL A1+	4.09%
8.04% Sundaram Finance Ltd (26-Oct-2026) · Bond	CRISIL AAA	3.80%
REC Ltd (22-Oct-2026) · Commercial paper	ICRA A1+	3.63%
Tata Steel Ltd (30-Oct-2026) · Commercial paper	ICRA A1+	3.10%
HDFC Bank Ltd (02-Nov-2026) · Certificate of deposit	CARE A1+	3.10%
UCO Bank (06-Nov-2026) · Certificate of deposit	CRISIL A1+	3.10%
HDFC Bank Ltd (19-Nov-2026) · Certificate of deposit	CARE A1+	3.09%
REC Ltd (23-Nov-2026) · Commercial paper	CRISIL A1+	3.09%
Axis Securities Ltd (20-Nov-2026) · Commercial paper	CRISIL A1+	3.09%
LIC Housing Finance Ltd (26-Nov-2026) · Commercial paper	ICRA A1+	3.09%
Axis Securities Ltd (09-Oct-2026) · Commercial paper	CRISIL A1+	2.91%
Bajaj Finance Ltd (19-Oct-2026) · Commercial paper	CRISIL A1+	2.28%
HDFC Bank Ltd (01-Oct-2026) · Certificate of deposit	CARE A1+	2.08%
Mirae Asset Financial Services India Pvt Ltd (09-Oct-2026) · Commercial paper	CRISIL A1+	2.08%
Union Bank of India (14-Oct-2026) · Certificate of deposit	IND A1+	2.07%
Union Bank of India (19-Oct-2026) · Certificate of deposit	ICRA A1+	2.07%
Small Industries Development Bank of India (27-Oct-2026) · Certificate of deposit	CARE A1+	2.07%
PNB Housing Finance Ltd (27-Oct-2026) · Commercial paper	CARE A1+	2.07%
IIFL Finance Ltd (11-Dec-2026) · Commercial paper	CRISIL A1+	2.04%
Standard Chartered Securities (India) Ltd (06-Nov-2026) · Commercial paper	ICRA A1+	1.86%
Sikka Ports & Terminals Ltd (16-Oct-2026) · Commercial paper	CRISIL A1+	1.56%
DSP Finance Pvt Ltd (29-Oct-2026) · Commercial paper	ICRA A1+	1.03%
HDFC Bank Ltd (04-Nov-2026) · Certificate of deposit	CARE A1+	1.03%
Axis Securities Ltd (04-Nov-2026) · Commercial paper	CRISIL A1+	1.03%
Adani Ports And Special Economic Zone Ltd (06-Nov-2026) · Commercial paper	CARE A1+	1.03%
Kotak Securities Ltd (20-Nov-2026) · Commercial paper	CRISIL A1+	1.03%
Union Bank of India (10-Dec-2026) · Certificate of deposit	ICRA A1+	1.03%
HDFC Bank Ltd (15-Dec-2026) · Certificate of deposit	CARE A1+	1.03%
Bank of Baroda (23-Dec-2026) · Certificate of deposit	CARE A1+	1.02%
Mirae Asset Financial Services India Pvt Ltd (22-Dec-2026) · Commercial paper	CRISIL A1+	1.02%
Aditya Birla Capital Ltd (23-Nov-2026) · Commercial paper	ICRA A1+	0.93%
IIFL Finance Ltd (19-Oct-2026) · Commercial paper	CRISIL A1+	0.62%
91 DTB (08-Oct-2026) · Government security	SOVEREIGN	0.54%
DSP Finance Pvt Ltd (30-Oct-2026) · Commercial paper	ICRA A1+	0.52%
Punjab & Sind Bank (06-Nov-2026) · Certificate of deposit	ICRA A1+	0.52%
Corporate Debt Market Development Fund Class A2	Alternative Investment Fund Units	0.17%

Franklin India Liquid Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Abakkus Liquid FundLiquid · Abakkus	11.4%	5	Compare
Sundaram Liquid FundLiquid · Sundaram	11.2%	8	Compare
Quantum Liquid FundLiquid · Quantum	11.0%	5	Compare
The Wealth Company Liquid FundLiquid · The Wealth Company	10.8%	6	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Franklin India Liquid Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 0.14%
Expense ratio (Regular): 0.20%
Category: Liquid
Risk: Not available
Benchmark: NIFTY Liquid Index A-I
Launch date: 29-04-1998
AUM: ₹4,810.57 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 118577
ISIN (Direct): INF090I01JV2
Scheme code (Regular): 100538
ISIN (Regular): INF090I01BB1
NAV history: From 31-12-2012, 13.8 years

Minimum investment: Sup.Inst.- 10000/1; Weekly Div P/O: - 25 lakh / 1
Minimum additional investment: Sup.Inst.- 1000/1; Weekly Div P/O: - 1 lakh / 1
Exit load: <a href="https://franklintempletonprod.widen.net/s/xvwjx5bjhj/franklin-india-liquid-fund_exit-load-k279kwng-en-in" target="_blank">Click here</a>

Tax on Franklin India Liquid Fund returns

Franklin India Liquid Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Super Institutional Growth	₹4,303.7775	30-10-2026
direct	Super Institutional Daily IDCW	₹1,002.7792	30-10-2026
direct	Super Institutional Weekly IDCW	₹1,022.9893	30-10-2026
regular	Growth	₹6,358.2482	30-10-2026
regular	Super Institutional Growth	₹4,264.9406	30-10-2026
regular	Unclaimed IDCW Investor Education Growth	₹10.00	30-10-2026
regular	Unclaimed IDCW Growth	₹18.1609	30-10-2026
regular	Unclaimed Redemption Investor Education Growth	₹10.00	30-10-2026
regular	Unclaimed Redemption Growth	₹18.1609	30-10-2026
regular	Daily IDCW	₹1,508.8499	30-10-2026
regular	Weekly IDCW	₹1,245.4146	30-10-2026
regular	Super Institutional Daily IDCW	₹1,000.00	30-10-2026
regular	Super Institutional Weekly IDCW	₹1,039.6782	30-10-2026

About Franklin India Liquid Fund

Franklin India Liquid Fund is a mutual fund from Franklin Templeton Mutual Fund. Its category is Liquid. It was launched on 29-04-1998. Its benchmark is NIFTY Liquid Index A-I. At the end of September 2026 it held 39 securities.

Fund Manager

Chandni Gupta
Fund manager of Franklin India Liquid Fund, since 01-10-2026
Rohan Maru
Fund manager of Franklin India Liquid Fund, since 10-10-2024

See all funds of Franklin Templeton Mutual Fund

AUM change

September 2026: ₹4,810.57 Cr; −20.91% from August 2026
August 2026: ₹6,082.10 Cr; +8.59% from July 2026
July 2026: ₹5,600.74 Cr; +92.10% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Franklin India Liquid Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Franklin India Liquid vs Aditya Birla Sun Life LiquidLiquid
Franklin India Liquid vs Axis LiquidLiquid
Franklin India Liquid vs Edelweiss LiquidLiquid
Franklin India Liquid vs Sundaram Liquid11.2% overlap
Franklin India Liquid vs Abakkus Liquid11.4% overlap
Franklin India Liquid vs Quantum Liquid11.0% overlap
Franklin India Liquid vs The Wealth Company Liquid10.8% overlap

Compare with any other fund

Frequently Asked Questions for Franklin India Liquid Fund

What is the current NAV of Franklin India Liquid Fund?

The Direct plan NAV is ₹4,303.7775. The Regular plan NAV is ₹6,358.2482, as on 30-10-2026.

What are the returns of Franklin India Liquid Fund?

The Direct plan returned +6.52% in 1 year, +6.95% a year over 3 years, +6.43% a year over 5 years. The Regular plan returned +5.75% in 1 year, +6.17% a year over 3 years, +5.66% a year over 5 years. These figures are as on 30-10-2026.

What is the expense ratio of Franklin India Liquid Fund?

The Direct plan charges 0.14% a year. The Regular plan charges 0.20% a year. This is the figure the fund house reported to AMFI, in force from 01-09-2026.

What is the AUM of Franklin India Liquid Fund?

Franklin India Liquid Fund managed ₹4,810.57 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Franklin India Liquid Fund?

At the end of September 2026 the largest holdings were Hindustan Petroleum Corporation Ltd (03-Dec-2026) (6.17%), Bank of Baroda (05-Nov-2026) (5.17%), Export-Import Bank Of India (04-Dec-2026) (5.14%), IIFL Home Finance Ltd (08-Dec-2026) (4.09%), 8.04% Sundaram Finance Ltd (26-Oct-2026) (3.80%). The fund held 39 securities in all.

How do I invest in Franklin India Liquid Fund?

Through Franklin Templeton Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least Sup.Inst.- 10000/1; Weekly Div P/O: - 25 lakh / 1. You can invest once or through a monthly SIP.

Who is the fund manager of Franklin India Liquid Fund?

Chandni Gupta (since 01-10-2026), Rohan Maru (since 10-10-2024).

What is the exit load of Franklin India Liquid Fund?

<a href="https://franklintempletonprod.widen.net/s/xvwjx5bjhj/franklin-india-liquid-fund_exit-load-k279kwng-en-in" target="_blank">Click here</a>

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.