Launched as an open-ended debt scheme, the fund invests in short-term money market instruments such as certificates of deposit (CDs), commercial papers (CPs), Treasury bills and sovereign bonds with maturities of less than one year. Such schemes are typically used by investors to manage short-term cash surpluses while maintaining liquidity.
The fund is managed by Rohan Maru, Chandni Gupta and Rahul Goswami.
According to the fund house, the scheme has outperformed its benchmark across short-term periods including one month, three months and six months up to the end of January 2026.
Money market funds generally invest in high-quality debt instruments with short maturities, which helps reduce interest rate risk and maintain liquidity. They are commonly used by retail and institutional investors as a temporary parking option for funds that may be deployed elsewhere later.
Commenting on the milestone, Rahul Goswami, chief investment officer for fixed income at Franklin Templeton, said the investment approach has focused on high-quality money market instruments and managing portfolio maturity in line with liquidity conditions and interest rate trends.
The scheme does not charge an entry or exit load, allowing investors to move money in and out without additional transaction charges.
Money market funds are typically considered suitable for investors with investment horizons of up to one year, as they aim to provide relatively stable returns and easy liquidity compared with longer-duration debt funds.
First Published: Mar 16, 2026 11:58 AM IST
