To utilize the nanomaterials as an effective carrier for the drug delivery applications, it is important to study the interaction between nanomaterials and drug or biomolecules. In this study GSH functionalized Mn2+-doped CdTe/ZnS QDs has been utilized as a model nanomaterial due to its high luminescence property. Folic acid (FA) gradually quenches the FL of GSH functionalized Mn2+???doped CdTe/ZnS QDs. The Stern-Volmer quenching constant (Ksv), binding constant (Ks) and effective quenching constant (Ka) for the FA-QDs system is calculated to be 1.32?×?105 M?1, 1.92?×?105 and 0.27?×?105 M?1, respectively under optimized condition (Temp. 300 K, pH 8.0, incubation time 40 min.). The effects of temperature, pH, and incubation time on FA-QDs system have also been studied. Statistical analysis of the quenched FL intensity versus FA concentration revealed a linear range from 1?×?10?7 to 5.0?×?10?5 for FA detection. The LOD of the current nano-sensor for FA was calculated to be 0.2 μM. The effect of common interfering metal ions and other relevant biomolecules on the detection of FA (12.0 μM) have also been investigated. L-cysteine and glutathione displayed moderate effect on FA detection. Similarly, the common metal ions (Na+, K+, Ca2+ and Mg2+) produced minute interference while Zn2+ Cu2+ and Fe3+ exert moderate interference. Toxic metal ions (Hg2+ and Pb2+) produced severe interferences in FA detection.