Franklin India Ultra Short to Short Term Fund

Low DurationDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Franklin India Ultra Short to Short Term Fund is a Low Duration fund run by Franklin Templeton Mutual Fund. On 30-09-2026, it managed ₹338 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 6.1% and its Regular plan returned 5.6%. Its benchmark, NIFTY Low Duration Debt Index A-I, returned 6.3% over the same year.

NAV (Direct plan): ₹11.21; ▲ 0.03%30-10-2026
NAV (Regular plan): ₹11.11; ▲ 0.02%30-10-2026
Expense ratio: 0.27%Direct0.72%Regular; 0.27%; A year
Riskometer: Not available; Set by the fund house
1 year return: 6.1%Direct5.6%Regular; 6.1%; Total

Franklin India Ultra Short to Short Term Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹11.21 (up 0.03% that day); Regular Plan Growth ₹11.11 (up 0.02% that day).

This fund (Direct plan)

₹11.2059

Franklin India Ultra Short to Short Term Fund Returns vs NIFTY Low 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)	+0.32%	+1.21%	+2.90%	+6.07%	--	--	--
This fund (Regular)	+0.29%	+1.09%	+2.67%	+5.59%	--	--	--
NIFTY Low Duration Debt Index A-I	+0.51%	+1.58%	+3.53%	+6.31%	+7.10%	+6.35%	--
Low Duration average	+0.18%	+1.12%	+2.95%	+5.79%	--	--	--
Best in Low Duration	+0.32%	+1.28%	+3.14%	+6.07%	--	--	--
Worst in Low Duration	+0.10%	+0.97%	+2.72%	+5.28%	--	--	--
Rank in Low Duration	1/25	3/25	18/25	1/23	--	--	--

Category rows compare the Direct plans of 25 Low Duration funds. Rank 1 is the highest return. The benchmark row is as on 30-09-2026, as NSE published it.

Franklin India Ultra Short to Short Term Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular
2026to date	+5.05%	+4.65%

Franklin India Ultra Short to 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 157 periods, one for each trading day from 06-03-2026 to 30-10-2026.

0%2%4%6%8%

Mar 2025
to
Mar 2026May 2025
to
May 2026Jun 2025
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Jun 2026Jul 2025
to
Jul 2026Sept 2025
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Sept 2026Oct 2025
to
Oct 2026

Franklin India Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Category median	Beat category
1 year	157	6.6%	6.0%	8.0%	0%	6.3%	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 25 Low Duration funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.

Franklin India Ultra Short to 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 to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+6.07%	+5.78%
Standard deviation	0.58%	0.60%
Sharpe ratio	1.42	0.89
Sortino ratio	2.12	1.32
Maximum drawdown	−0.14% (08-07-2026)	−0.22% (21-05-2026)

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 to Short Term Fund (Direct)This fund	Category average
Return (CAGR)	+7.14%	+6.81%
Standard deviation	0.60%	0.58%
Sharpe ratio	2.85	2.38
Sortino ratio	4.92	3.99
Maximum drawdown	−0.14% (08-07-2026)	−0.22% (21-05-2026)

From daily NAVs, 06-03-2025 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.

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.

−0.3%−0.2%−0.1%0%

2026

Franklin India Ultra Short to Short Term Fund (Direct)Category average, 25 Low Duration funds

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Franklin India Ultra Short to Short Term Fund (Direct)	−0.14%	06-07-2026	08-07-2026	16-07-2026	8 days	0.0%
Category average	−0.22%	11-05-2026	21-05-2026	01-06-2026	11 days	0.0%

From the Direct plan's daily NAV since 06-03-2025, adjusted for unit splits, and the average of the 25 Low Duration 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 to Short Term Fund vs Other Low Duration Funds

The five Low Duration 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
HSBC Ultra Short to Short Term Fund	1/20	847	0.40%	+5.86%	+7.71%	--	--	1.91	5.75	Compare
Franklin India Ultra Short to Short Term Fund	1/23	338	0.27%	+6.07%	--	--	--	--	--
Nippon India Ultra Short to Short Term Fund	2/20	7,096	0.39%	+5.95%	+7.34%	--	--	2.65	4.54	Compare
Axis Ultra Short to Short Term Fund	3/20	4,563	0.37%	+5.94%	+7.33%	--	--	2.66	4.55	Compare
Kotak Ultra Short to Short Term Fund	3/20	12,566	0.41%	+5.73%	+7.33%	--	--	2.53	4.37	Compare
Mirae Asset Ultra Short to Short Term Fund	3/20	2,290	0.21%	+5.90%	+7.33%	--	--	2.61	4.42	Compare

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 to Short Term 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	Low Duration median	Cost rank (1 = cheapest)
Direct	0.22%	0.01%	0.00%	0.04%	0.27%	0.34%	7/25
Regular	0.61%	0.01%	0.00%	0.10%	0.72%	0.86%	9/25

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 Low Duration 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	5.59%	6.07%	0.48%	₹1,05,590	₹1,06,070

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 to 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 06-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planFranklin India Ultra Short to Short Term Fund (Direct)	₹2,00,000	₹2,11,002	₹11,002	6.3%
Regular planFranklin India Ultra Short to Short Term Fund (Regular)	₹2,00,000	₹2,10,112	₹10,112	5.8%
Category averageCategory average, 25 Low Duration funds	₹2,00,000	₹2,10,490	₹10,490	6.0%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L

2026

Direct planFranklin India Ultra Short to Short Term Fund (Direct)Regular planFranklin India Ultra Short to Short Term Fund (Regular)Category averageCategory average, 25 Low Duration 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 to Short Term Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

93.0%Debt

Asset	Fund	Category
Debt	93.0%	93.9%
Cash and others	7.0%	6.0%

Credit rating

Bonds and money market papers by credit rating, % of the fund. Category: the average of 25 Low Duration funds.

Rating	Fund	Category
Sovereign	16.5%	8.9%
AAA and A1+	60.1%	72.7%
AA	16.4%	12.3%

Franklin India Ultra Short to Short Term Fund Portfolio Holdings

As on 30-09-2026 · 18 holdings · from the fund house's monthly portfolio

Holdings	Rating	Weight%
7.02% Punjab SDL (01-Jul-2030) · State government security	SOVEREIGN	9.17%
0.00% Jubilant Bevco Ltd (31-May-2028) · Bond	CRISIL AA	7.87%
7.25% RJ Corp Ltd (08-Dec-2028) · Bond	CRISIL AAA	7.63%
7.9265% LIC Housing Finance (14-Jul-2027) · Bond	CARE AAA	7.52%
7.56% REC Ltd (31-Aug-2027) · Bond	ICRA AAA	7.44%
7.70% National Bank For Agriculture & Rural Development (30-Sep-2027) · Bond	IND AAA	7.40%
7.05% Embassy Office Parks Reit (18-Oct-2026) · Bond	CRISIL AAA	7.39%
7.55% Poonawalla Fincorp Ltd (25-Mar-2027) · Bond	CRISIL AAA	6.13%
Mahindra & Mahindra Financial Services Ltd (3M Tbill + 210bps) (18-May-2029) · Bond	CRISIL AAA	6.07%
0.00% Jubilant Beverages Ltd (31-May-2028) · Bond	CRISIL AA	5.50%
7.89% Tata Capital Ltd (26-Jul-2027) · Bond	CRISIL AAA	4.49%
7.97% Mankind Pharma Ltd (16-Nov-2027) · Bond	CRISIL AA+	3.06%
8.63% Rajasthan SDL (03-Sep-2028) · State government security	SOVEREIGN	3.05%
7.70% Poonawalla Fincorp Ltd (21-Apr-2028) · Bond	CRISIL AAA	3.03%
7.28% West Bengal SDL (12-Jul-2027) · State government security	SOVEREIGN	3.02%
6.60% REC Ltd (30-Jun-2027) · Bond	ICRA AAA	2.98%
GOI FRB 2034 (30-Oct-2034) · Government security	SOVEREIGN	1.25%
Corporate Debt Market Development Fund Class A2	Alternative Investment Fund Units	0.33%

Franklin India Ultra Short to Short Term Fund Portfolio Overlap

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

Fund	Overlap	Holdings in common
Franklin India Corporate Bond FundCorporate Bond · Franklin Templeton	23.9%	8	Compare
Franklin India Medium to Long Term FundMedium to Long Duration · Franklin Templeton	22.8%	4	Compare
Axis CRISIL-IBX AAA Bond Financial Services - Sep 2027 Index FundIndex · Axis	22.4%	3	Compare
Franklin India Floating Interest Rates FundFloater · Franklin Templeton	16.7%	4	Compare
Kotak CRISIL-IBX AAA Financial Services Index-Sep 2027 FundIndex · Kotak Mahindra	14.8%	2	Compare
Franklin India Banking & PSU Debt FundBanking & PSU · Franklin Templeton	14.1%	6	Compare
Aditya Birla Sun Life Crisil-IBX AAA Financial Services Index-Sep 2027 FundIndex · Aditya Birla Sun Life	13.8%	2	Compare
Franklin India Retirement FundSolution · Franklin Templeton	13.5%	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 to Short Term Fund Overview

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

Expense ratio (Direct): 0.27%
Expense ratio (Regular): 0.72%
Category: Low Duration
Risk: Not available
Benchmark: NIFTY Low Duration Debt Index A-I
Launch date: 05-03-2025
Minimum investment: 5000/1
Minimum additional investment: 1000/1
AUM: ₹338.20 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153368
ISIN (Direct): INF090I01YE7
Scheme code (Regular): 153371
ISIN (Regular): INF090I01YB3
NAV history: From 06-03-2025, 1.7 years

Exit load: Nil

Tax on Franklin India Ultra Short to Short Term Fund returns

Franklin India Ultra Short to 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	₹11.2059	30-10-2026
direct	IDCW	₹10.6268	30-10-2026
regular	Growth	₹11.1107	30-10-2026
regular	IDCW	₹10.5585	30-10-2026

About Franklin India Ultra Short to Short Term Fund

Franklin India Ultra Short to Short Term Fund is a mutual fund from Franklin Templeton Mutual Fund. Its category is Low Duration. It was launched on 05-03-2025. Its benchmark is NIFTY Low Duration Debt Index A-I. At the end of September 2026 it held 18 securities.

Fund Manager

Chandni Gupta
Fund manager of Franklin India Ultra Short to Short Term Fund, since 05-03-2025
Rahul Goswami
Fund manager of Franklin India Ultra Short to Short Term Fund, since 05-03-2025

See all funds of Franklin Templeton Mutual Fund

AUM change

September 2026: ₹338.20 Cr; −13.75% from August 2026
August 2026: ₹392.10 Cr; −6.72% from July 2026
July 2026: ₹420.33 Cr; +0.44% 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 to Short Term Fund with Other Funds

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

Compare with any other fund

Frequently Asked Questions for Franklin India Ultra Short to Short Term Fund

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

The Direct plan NAV is ₹11.2059. The Regular plan NAV is ₹11.1107, as on 30-10-2026.

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

The Direct plan returned +6.07% in 1 year. The Regular plan returned +5.59% in 1 year. These figures are as on 30-10-2026.

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

The Direct plan charges 0.27% a year. The Regular plan charges 0.72% 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 Ultra Short to Short Term Fund?

Franklin India Ultra Short to Short Term Fund managed ₹338.20 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

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

At the end of September 2026 the largest holdings were 7.02% Punjab SDL (01-Jul-2030) (9.17%), 0.00% Jubilant Bevco Ltd (31-May-2028) (7.87%), 7.25% RJ Corp Ltd (08-Dec-2028) (7.63%), 7.9265% LIC Housing Finance (14-Jul-2027) (7.52%), 7.56% REC Ltd (31-Aug-2027) (7.44%). The fund held 18 securities in all.

How do I invest in Franklin India Ultra Short to 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. The first investment is at least 5000/1. You can invest once or through a monthly SIP.

Who is the fund manager of Franklin India Ultra Short to Short Term Fund?

Chandni Gupta (since 05-03-2025), Rahul Goswami (since 05-03-2025).

What is the exit load of Franklin India Ultra Short to Short Term Fund?

Nil

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.