NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹1303.60
0.02%
NAV as on 17 Dec 24, 12:00 AM
low to moderate risk
overnight
liquid
NAV as on 17 Dec 24, 12:00 AM
low to moderate risk
overnight
liquid
6.62%p.a.
Last 1Y
5.88%p.a.
Last 3Y
4.79%p.a.
Last 5Y
4.82%p.a.
Since Inception
About Franklin India Overnight Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Franklin India Overnight Fund Growth scheme from Franklin Templeton Asst Mgmt(IND)Pvt Ltd. It is a Overnight mutual fund scheme that predominantly invests in Overnight stocks of companies. Launched on May 2019, Franklin India Overnight Fund Growth is Overnight fund of its category with 308.06 Cr fund under management as on Dec 2024. The expense ratio of this fund is less than that of most other Fund category Overnight funds.
- Franklin India Overnight Fund Growth delivered 6.6% annual returns during the last year. It has delivered 4.8% average annual returns since the fund was launched.
- Franklin India Overnight Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in liquid
Fund Objective
The Scheme intends to provide reasonable income along with high liquidity by investing in overnight securities having maturity of 1 business day.
Top 4 Holdings
Call, Cash & Other Assets
95.14%
182 DTB 05122024
1.62%
364 DTB 12122024
1.62%
182 Day T-Bill 19.12.24
1.62%
Fund Managers
- Pallab Roy (May 2019 - Present)
- Rohan Maru (Oct 2024 - Present)
Key Information
View Scheme Document
Franklin India Overnight Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Franklin India Overnight Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Franklin India Overnight Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Franklin India Overnight Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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