Franklin India Ultra Short Term Fund

Ultra ShortDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Franklin India Ultra Short Term Fund is an Ultra Short fund run by Franklin Templeton Mutual Fund. On 30-09-2026, it managed ₹300 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 6.3% and its Regular plan returned 5.8%. Its benchmark, NIFTY Ultra Short Duration Debt Index A-I, returned 6.7% over the same year.

NAV (Direct plan): ₹11.60; ▲ 0.02%30-10-2026
NAV (Regular plan): ₹11.49; ▲ 0.02%30-10-2026
Expense ratio: 0.29%Direct0.72%Regular; 0.29%; A year
Riskometer: Not available; Set by the fund house
1 year return: 6.3%Direct5.8%Regular; 6.3%; Total

Franklin India Ultra Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.60 (up 0.02% that day); Regular Plan Growth ₹11.49 (up 0.02% that day).

This fund (Direct plan)

₹11.5974

Franklin India Ultra Short Term Fund Returns vs NIFTY Ultra Short Duration Debt 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)	+0.35%	+1.45%	+3.15%	+6.29%	--	--	--
This fund (Regular)	+0.32%	+1.34%	+2.93%	+5.82%	--	--	--
NIFTY Ultra Short Duration Debt Index A-I	+0.53%	+1.65%	+3.66%	+6.67%	+7.20%	+6.59%	--
Ultra Short average	+0.30%	+1.34%	+3.06%	+6.00%	--	--	--
Best in Ultra Short	+0.39%	+1.59%	+3.46%	+6.84%	--	--	--
Worst in Ultra Short	−0.11%	0.00%	+0.02%	0.00%	--	--	--
Rank in Ultra Short	6/26	12/25	18/25	15/25	--	--	--

Category rows compare the Direct plans of 26 Ultra Short funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Franklin India Ultra Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.24%	+4.87%
2025	+7.49%	+7.01%

Franklin India Ultra Short Term 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 1-year holding period, plotted on the day it ended. There are 282 periods, one for each trading day from 29-08-2025 to 30-10-2026.

0%2%4%6%8%

Oct 2024
to
Oct 2025Dec 2024
to
Dec 2025Feb 2025
to
Feb 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026

Franklin India Ultra Short Term Fund (Direct)Category average, 26 Ultra Short funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	282	6.9%	6.3%	7.9%	0%	6.4%	100%
2 years	40	7.2%	7.0%	7.3%	0%	6.7%	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 26 Ultra Short funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Franklin India Ultra Short Term Fund Risk

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

Risk and return

Measure	Franklin India Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.29%	+6.00%
Standard deviation	0.44%	0.44%
Sharpe ratio	2.36	1.73
Sortino ratio	3.85	2.73
Maximum drawdown	−0.10% (08-07-2026)	−0.09% (08-07-2026)

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 Ultra Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.07%	+6.65%
Standard deviation	0.41%	0.38%
Sharpe ratio	3.29	2.41
Sortino ratio	6.25	4.24
Maximum drawdown	−0.10% (08-07-2026)	−0.09% (08-07-2026)

From daily NAVs, 29-08-2024 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.

−0.1%0%

20252026

Franklin India Ultra Short Term Fund (Direct)Category average, 26 Ultra Short funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Franklin India Ultra Short Term Fund (Direct)	−0.10%	06-07-2026	08-07-2026	13-07-2026	5 days	0.0%
Category average	−0.09%	06-07-2026	08-07-2026	13-07-2026	5 days	0.0%

From the Direct plan's daily NAV since 29-08-2024, adjusted for unit splits, and the average of the 26 Ultra Short 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 Ultra Short Term Fund vs Other Ultra Short Funds

The five Ultra Short 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
Tata Ultra Short Term Fund	1/23	5,404	0.33%	+6.84%	+7.44%	--	--	3.83	7.92	Compare
Aditya Birla Sun Life Ultra Short Term Fund	2/23	16,279	0.32%	+6.36%	+7.41%	--	--	3.30	6.20	Compare
Axis Ultra Short Term fund	3/23	4,996	0.36%	+6.56%	+7.37%	--	--	3.53	7.07	Compare
Mirae Asset Ultra Short-Term Fund	4/23	1,808	0.22%	+6.48%	+7.34%	--	--	3.33	6.25	Compare
ICICI Prudential Ultra Short Term Fund	5/23	15,236	0.40%	+6.37%	+7.31%	--	--	3.25	6.24	Compare
Franklin India Ultra Short Term Fund	15/25	300	0.29%	+6.29%	--	--	--	--	--

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 Ultra Short Term Fund Expense Ratio and Costs

What each plan charges a year, in force from 07-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Ultra Short median	Cost rank (1 = cheapest)
Direct	0.24%	0.01%	0.00%	0.04%	0.29%	0.30%	10/26
Regular	0.61%	0.01%	0.00%	0.10%	0.72%	0.81%	9/26

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 Ultra Short 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	5.82%	6.29%	0.47%	₹1,05,820	₹1,06,290

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 Ultra Short Term 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 29-08-2024 to 30-10-2026: 27 instalments, ₹2,70,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planFranklin India Ultra Short Term Fund (Direct)	₹2,70,000	₹2,91,313	₹21,313	6.7%
Regular planFranklin India Ultra Short Term Fund (Regular)	₹2,70,000	₹2,89,808	₹19,808	6.2%
Category averageCategory average, 26 Ultra Short funds	₹2,70,000	₹2,90,165	₹20,165	6.3%

₹0₹1.0 L₹2.0 L₹3.0 L

20252026

Direct planFranklin India Ultra Short Term Fund (Direct)Regular planFranklin India Ultra Short Term Fund (Regular)Category averageCategory average, 26 Ultra Short 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 Ultra Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

89.7%Debt

Asset	Fund	Category
Debt	89.7%	96.7%
Cash and others	10.3%	3.8%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 26 Ultra Short funds.

Rating	Fund	Category
Sovereign	6.8%	7.3%
AAA and A1+	73.3%	77.2%
AA	9.5%	12.2%

Franklin India Ultra Short Term Fund Portfolio Holdings

As on 30-09-2026 · 16 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
7.71% REC Ltd (26-Feb-2027) · Bond	CRISIL AAA	8.74%
7.70% Sundaram Home Finance Ltd (26-Mar-2027) · Bond	ICRA AAA	8.68%
7.59% National Housing Bank (08-Sep-2027) · Bond	CARE AAA	8.53%
National Bank For Agriculture & Rural Development (28-Jan-2027) · Certificate of deposit	ICRA A1+	8.16%
Small Industries Development Bank of India (28-Jan-2027) · Certificate of deposit	CARE A1+	8.16%
Canara Bank (04-Mar-2027) · Certificate of deposit	CRISIL A1+	8.11%
Bank of Baroda (05-Mar-2027) · Certificate of deposit	IND A1+	8.11%
HDFC Bank Ltd (09-Mar-2027) · Certificate of deposit	CARE A1+	8.10%
0.00% Jubilant Bevco Ltd (31-May-2028) · Bond	CRISIL AA	6.61%
GOI FRB 2028 (04-Oct-2028) · Government security	SOVEREIGN	3.46%
7.30% Assam SDL (23-Aug-2027) · State government security	SOVEREIGN	3.39%
Credila Financial Services Ltd (01-Mar-2027) · Commercial paper	CRISIL A1+	3.23%
0.00% Jubilant Beverages Ltd (31-May-2028) · Bond	CRISIL AA	2.92%
8.04% Sundaram Finance Ltd (26-Oct-2026) · Bond	CRISIL AAA	1.79%
Piramal Finance Ltd (30-Oct-2026) · Commercial paper	CRISIL A1+	1.66%
Corporate Debt Market Development Fund Class A2	Alternative Investment Fund Units	0.29%

Franklin India Ultra Short Term Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
ITI Banking & PSU Debt FundBanking & PSU · ITI	20.4%	4	Compare
ITI Ultra Short Term FundUltra Short · ITI	17.2%	4	Compare
PGIM India Money Market FundMoney Market · PGIM India	16.1%	3	Compare
Franklin India Money Market FundMoney Market · Franklin Templeton	13.3%	7	Compare
JioBlackRock Ultra Short to Short Term FundLow Duration · Jio BlackRock	13.0%	3	Compare
Aditya Birla Sun Life Crisil-IBX Financial Services 3 to 6 months Debt Index FundIndex · Aditya Birla Sun Life	12.2%	5	Compare
HDFC Ultra Short to Short Term FundLow Duration · HDFC	11.8%	6	Compare
Kotak CRISIL-IBX Financial Services 9 to 12 Months Debt Index FundIndex · Kotak Mahindra	11.6%	3	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 Ultra Short Term Fund Overview

Fund facts from the scheme summary document

Expense ratio (Direct): 0.29%
Expense ratio (Regular): 0.72%
Category: Ultra Short
Risk: Not available
Benchmark: Not available
Launch date: Not available
Minimum investment: Not available
Minimum additional investment: Not available
AUM: ₹299.53 Cr (30-09-2026)
Lock in: Not available
Scheme code (Direct): 152825
ISIN (Direct): INF090I01XL4
Scheme code (Regular): 152828
ISIN (Regular): INF090I01XJ8
NAV history: From 29-08-2024, 2.2 years

Exit load: Not available

Tax on Franklin India Ultra Short Term Fund returns

Franklin India Ultra Short Term 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	Growth	₹11.5974	30-10-2026
direct	IDCW	₹10.772	30-10-2026
regular	Growth	₹11.4855	30-10-2026
regular	IDCW	₹10.6936	30-10-2026

About Franklin India Ultra Short Term Fund

Franklin India Ultra Short Term Fund is a mutual fund from Franklin Templeton Mutual Fund. Its category is Ultra Short. At the end of September 2026 it held 16 securities.

Fund Manager

Not available

See all funds of Franklin Templeton Mutual Fund

AUM change

September 2026: ₹299.53 Cr; +6.41% from August 2026
August 2026: ₹281.49 Cr; −2.49% from July 2026
July 2026: ₹288.69 Cr; −8.58% from June 2026

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

Compare Franklin India Ultra Short Term Fund with Other Funds

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

Franklin India Ultra Short Term vs Tata Ultra Short TermUltra Short
Franklin India Ultra Short Term vs Aditya Birla Sun Life Ultra Short TermUltra Short
Franklin India Ultra Short Term vs Axis Ultra Short Term fundUltra Short
Franklin India Ultra Short Term vs Mirae Asset Ultra Short-TermUltra Short
Franklin India Ultra Short Term vs ICICI Prudential Ultra Short TermUltra Short
Franklin India Ultra Short Term vs ITI Banking & PSU Debt20.4% overlap
Franklin India Ultra Short Term vs ITI Ultra Short Term17.2% overlap
Franklin India Ultra Short Term vs PGIM India Money Market16.1% overlap

Compare with any other fund

Frequently Asked Questions for Franklin India Ultra Short Term Fund

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

The Direct plan NAV is ₹11.5974. The Regular plan NAV is ₹11.4855, as on 30-10-2026.

What are the returns of Franklin India Ultra Short Term Fund?

The Direct plan returned +6.29% in 1 year. The Regular plan returned +5.82% in 1 year. These figures are as on 30-10-2026.

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

The Direct plan charges 0.29% a year. The Regular plan charges 0.72% a year. This is the figure the fund house reported to AMFI, in force from 07-10-2026.

What is the AUM of Franklin India Ultra Short Term Fund?

Franklin India Ultra Short Term Fund managed ₹299.53 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Franklin India Ultra Short Term Fund?

At the end of September 2026 the largest holdings were 7.71% REC Ltd (26-Feb-2027) (8.74%), 7.70% Sundaram Home Finance Ltd (26-Mar-2027) (8.68%), 7.59% National Housing Bank (08-Sep-2027) (8.53%), National Bank For Agriculture & Rural Development (28-Jan-2027) (8.16%), Small Industries Development Bank of India (28-Jan-2027) (8.16%). The fund held 16 securities in all.

How do I invest in Franklin India Ultra Short Term 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. You can invest once or through a monthly SIP.

How has Franklin India Ultra Short Term Fund performed against its benchmark?

Its benchmark is NIFTY Ultra Short Duration Debt Index A-I. The Direct plan returned +6.29% in 1 year. The benchmark returned +6.67% in 1 year.

How does Franklin India Ultra Short Term Fund rank in its category?

The Direct plan ranks 15 of 25 Ultra Short funds by its 1 year return. The category average is +6.00%.

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document.

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.