Franklin India Mid Cap Fund
This is the IDCW (dividend) option — it pays its earnings out as dividends rather than reinvesting them, so every payout steps the NAV down and the return figures below leave those payouts out. Your actual return was higher by whatever was distributed. That’s expected for a payout plan, not missing data.
View the Growth plan for compounded returns (+17.98% 3Y CAGR)Performance
Scorecard
★★☆☆☆2/5 vs 30 of 32 Mid Cap Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Mid Cap Fund (same plan and option). 30 of the 32 Mid Cap Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +8.08% · ranks 26 of 32 Mid Cap Funds
Volatility 17.8% vs 17.2% category avg
1.9% expense vs 2.1% category avg
63% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
No standout strengths identified.
Concerns
- Trails the Mid Cap Fund average on 3M/6M/1Y — 1Y by 9.81pp
- 3-year return (+8.08%) trails the Mid Cap Fund average (+13.68%)
- 5-year return (+5.35%) trails the Mid Cap Fund average (+11.73%)
- Ranks #30 of 32 on 1-year return in its Mid Cap Fund cohort
- Weaker risk-adjusted returns — Sharpe 0.09 below the Mid Cap Fund average of 0.41
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Risk (trailing 3Y)
DefinitionsBenchmark ratios (vs Nifty Midcap 150 · 36 monthly returns)
DefinitionsComputed vs the Nifty Midcap 150 price index — the closest match to this fund's mandate. Needs ~3 years of history; a low R² means the fund tracks the index loosely.
Fund vs category average (Mid Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +2.34% | +2.03% | +0.31% |
| 3M abs | -2.12% | +6.70% | -8.82% |
| 6M abs | -4.25% | +7.25% | -11.50% |
| 1Y CAGR | -5.53% | +4.28% | -9.81% |
| 3Y CAGR | +8.08% | +13.68% | -5.60% |
| 5Y CAGR | +5.35% | +11.73% | -6.38% |
Category average across peers in Mid Cap Fund (up to 32 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 32 peers in Mid Cap Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
233 overlapping 1Y windows, sampled monthly across the fund’s history.
Worst falls, and the wait to get back
How far this fund has dropped from a high, and how long it took to reclaim it.
- -74.0%04 Jan 2008 → 09 Mar 2009
Fell over 14 months, back to the old high on 14 Dec 2023 — 14.8 years under water after the low.
- -38.2%10 May 2006 → 24 Jul 2006
Fell over 2 months, back to the old high on 15 Nov 2007 — 16 months under water after the low.
- -23.1%24 Sep 2024 → 31 Mar 2026
Still below that high — 1.5 years down, and no recovery yet.
Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty Midcap 150 | Diff | |
|---|---|---|---|---|
| 2026part | -6.76% | +4.99% | -11.75% | |
| 2025 | -6.69% | +5.37% | -12.06% | |
| 2024 | +21.74% | +23.80% | -2.06% | |
| 2023 | +25.70% | +43.68% | -17.98% | |
| 2022 | -7.65% | +2.96% | -10.61% | |
| 2021 | +21.72% | +46.81% | -25.09% | |
| 2020 | +7.30% | +24.38% | -17.08% | |
| 2019 | -5.83% | — | — | |
| 2018 | -18.08% | — | — | |
| 2017 | +27.26% | — | — |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹12,162Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Franklin India Mid Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Franklin Templeton in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Franklin Templeton Mutual Fund has declared income distribution under its few schemes
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Mid Cap funds
Mid cap funds invest in the 101st–250th largest companies. They can grow faster than large caps but fall harder in downturns — a higher-risk, higher-reward slice of the market.
Frequently asked questions
What is the NAV of Franklin India Mid Cap Fund?
As of 20 Aug 2026, the NAV of Franklin India Mid Cap Fund is ₹88.84 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Franklin India Mid Cap Fund delivered?
Franklin India Mid Cap Fund has returned -5.53% over 1 year, +8.08% per year over 3 years, +5.35% per year over 5 years and +1.60% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Franklin India Mid Cap Fund?
Franklin India Mid Cap Fund charges an expense ratio of 1.88% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Franklin India Mid Cap Fund?
Its largest holdings are The Federal Bank Ltd (2.7%), IDFC First Bank Ltd (2.4%), Mahindra & Mahindra Financial Services Ltd (2.1%), Mankind Pharma Ltd. (2.1%) and Biocon Ltd (2.1%). Holdings are disclosed monthly and change over time.
How risky is Franklin India Mid Cap Fund?
It is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.8% and its worst peak-to-trough fall in our sample was -74.0%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.09 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Mid Cap Fund's 0.09 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Franklin India Mid Cap Fund?
Franklin India Mid Cap Fund is benchmarked against the NIFTY Midcap 150 Total Return Index. Its alpha and beta on this page are measured against that index.
Who manages Franklin India Mid Cap Fund?
Franklin India Mid Cap Fund is managed by Sandeep Manam, R Janakiraman and Akhil Kalluri at Franklin Templeton.
How is Franklin India Mid Cap Fund taxed?
Franklin India Mid Cap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.