About Franklin India Low Duration Direct Plan- Dividend Monthly
Franklin India Low Duration Direct Plan- Dividend Monthly is a Debt
mutual fund scheme from Franklin Templeton Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Santosh Kamath
and Kunal Agrawal
. It has an AUM of ₹5,934.96 Crores and the latest NAV decalared is ₹10.852 as on 17 Oct 2019 at 11:35 pm.
Franklin India Low Duration Direct Plan- Dividend Monthly scheme return performance in last 1 year is 8.47%, in last 3 years is 27.56% and 84.06% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Low Duration Funds maintain a portfolio of high-rated debt and money market instruments. Since the portfolio has a Macaulay duration of around 6 to12 months, these funds try to achieve a balance of safety, liquidity and yield. Investors may find these funds suitable to earn regular income on short term surplus money.