EquitySectoral/ ThematicRegularIDCWVery High

Franklin India Technology Fund

Q: What is the NAV of Franklin India Technology Fund?

As of 01 Oct 2026, the NAV of Franklin India Technology Fund is ₹38.47 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin India Technology Fund delivered?

Franklin India Technology Fund has returned -18.46% over 1 year, -2.10% per year over 3 years, -3.65% per year over 5 years and +2.87% 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.

Q: What is the expense ratio of Franklin India Technology Fund?

Franklin India Technology Fund charges an expense ratio of 2.15% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Franklin India Technology Fund?

Franklin India Technology Fund's largest holdings are Bharti Airtel Ltd (20.7%), Infosys Ltd (13.5%), Eternal Ltd (7.6%), HCL Technologies Ltd (6.3%) and Cognizant Technology Solutions Corp., A (5.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin India Technology Fund?

Franklin India Technology Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.9% and its worst peak-to-trough fall in our sample was -73.4%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of -0.51 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Technology Fund's -0.51 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Franklin India Technology Fund?

Franklin India Technology Fund is benchmarked against the BSE Teck. Its alpha and beta on this page are measured against that index.

Q: Who manages Franklin India Technology Fund?

Franklin India Technology Fund is managed by Sandeep Manam, R Janakiraman and Venkatesh Sanjeevi at Franklin Templeton.

Q: How is Franklin India Technology Fund taxed?

Franklin India Technology 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.

Franklin Templeton Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹38.47

+0.30% 1D

as of 01 Oct 2026

This is the Regular plan of Franklin India Technology Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

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 (+6.77% 3Y CAGR)

Performance

-18.17%CAGR

52-week rangePrev NAV ₹38.35

Latest ₹38.47

Low ₹36.4616th percentile of its 52-week rangeHigh ₹48.83

Scorecard

Not rated

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. Not rated — too few comparable Equity funds (same plan and option) to rank against yet.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

Risk—

Volatility 16.9% (no category average yet)

Cost—

2.1% expense (no category average yet)

ConsistencyModerate

80% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.15%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

24.06

Category —

Excess return per unit of total volatility (rf = 6.5%)

-0.51

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

In respect of each purchase of Units - 1% if redeemed/switched-out within one year of allotment

1.00%

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹500

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

BSE Teck

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Apr 2006

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-8.06%

Absolute return over the last 3 months (not annualized)

+2.32%

Absolute return over the last 6 months (not annualized)

+3.65%

Absolute return since 1 Jan of this year (not annualized)

-17.05%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-18.46%

3-year annualized return (CAGR)

-2.10%

5-year annualized return (CAGR)

-3.65%

10-year annualized return (CAGR)

+5.34%

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+2.87%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.89%

Excess return per unit of total volatility (rf = 6.5%)

-0.51

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

-0.66

Largest peak-to-trough decline over full history

-73.44%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

-10.01%

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

0.73

How much of the fund's movement Nifty 500 TRI explains

40.6%

Excess return per unit of beta (market risk)

-11.99

Active return over the benchmark per unit of tracking error

-0.82

Annualized std dev of fund-minus-benchmark returns

14.51%

Fund's share of benchmark gains in up months (100 = matches index)

41.7%

Fund's share of benchmark losses in down months (lower is better)

80.4%

Computed vs the Nifty 500 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-8.06%	—	—
3M abs	+2.32%	—	—
6M abs	+3.65%	—	—
1Y CAGR	-18.46%	—	—
3Y CAGR	-2.10%	—	—
5Y CAGR	-3.65%	—	—

Category average across peers in Sectoral/ Thematic, 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.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹6.00L

Current value

₹5.58L

Absolute

-6.99%

XIRR

-2.94%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin India Technology Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 500 TRI	Diff
2026part	-17.05%	-7.18%	-9.87%
2025	-9.20%	+7.94%	-17.14%
2024	+17.19%	+16.43%	+0.76%
2023	+38.48%	+27.43%	+11.05%
2022	-29.64%	+4.34%	-33.98%
2021	+27.48%	+31.59%	-4.11%
2020	+44.79%	+18.33%	+26.46%
2019	+3.51%	+8.95%	-5.44%
2018	+2.35%	-2.33%	+4.68%
2017	+8.96%	+37.35%	-28.39%

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.

History points

5,040

Expense ratio

2.15%

AUM

₹1,631Cr

Portfolio turnover

29%

Exit load

In respect of each purchase of Units - 1% if redeemed/switched-out within one year of allotment

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

24.1

P/B ratio

6.5

Avg market cap

₹4,95,016Cr

P/E & P/B are portfolio-weighted harmonic means across 12 of 23 equity holdings (70% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Sectoral/ Thematic

Compare all


Franklin India Technology FundThis fund Franklin Templeton · Regular · IDCW	—	-18.46%	-2.10%	-3.65%	—	2.15%	₹1,631Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · IDCW	—	+118.60%	+60.45%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · IDCW	—	+21.45%	+34.62%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · IDCW	—	+25.19%	+28.72%	—	—	2.11%	₹2,282Cr
Nippon India Japan Equity Fund Nippon India · Regular · IDCW	—	+29.10%	+21.80%	+10.22%	—	2.50%	₹330.20Cr
HDFC Transportation and Logistics Fund HDFC · Regular · IDCW	—	+3.61%	+21.77%	—	—	2.15%	₹1,685Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 83% of the equity sleeve priced.

Large cap69.3%
Mid cap20.0%
Small cap10.7%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity92.45%
Other4.48%
Cash & Equivalents3.08%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
SBI Technology Opportunities Fund SBI · Sectoral/ Thematic	60.1%	★★★☆☆	1.04%	+7.62%
HDFC Technology Fund HDFC · Sectoral/ Thematic	54.1%	★☆☆☆☆	1.08%	+5.17%
HDFC Nifty India Digital Index Fund HDFC · Index Funds	49.5%	★☆☆☆☆	0.39%	—
WhiteOak Capital Digital Bharat Fund WhiteOak Capital · Sectoral/ Thematic	48.7%	★☆☆☆☆	1.37%	—
Kotak Technology Fund Kotak Mahindra · Sectoral/ Thematic	48.4%	★☆☆☆☆	1.12%	—
Tata Digital India Fund Tata · Sectoral/ Thematic	46.1%	★★☆☆☆	0.68%	+3.58%
Aditya Birla Sun Life Digital India Fund Aditya Birla Sun Life · Sectoral/ Thematic	44.7%	★★☆☆☆	1.07%	+3.51%
ICICI Prudential Technology Fund ICICI Prudential · Sectoral/ Thematic	44.5%	★★☆☆☆	1.22%	+4.73%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 5.52% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I5.52%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

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.

-73.4%19 Feb 2007 → 05 Mar 2009
Fell over 2.0 years, back to the old high on 03 Mar 2015 — 6.0 years under water after the low.
-36.7%04 Sep 2018 → 23 Mar 2020
Fell over 1.5 years, back to the old high on 27 Jul 2020 — 4 months under water after the low.
-36.4%17 Sep 2024 → 30 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.

Fund size over time

Quarterly average AUM · AMFI

₹1,631Cr

April - June 2026

-9%

since January - March 2026

−₹18.95Cr

est. net flow, last quarter

Down +9% from its peak of ₹1,789Cr 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.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Franklin Templeton Mutual Fund is the Indian arm of Franklin Resources, the US manager, and has operated here since 1996. In April 2020 it wound up six of its Indian debt schemes — the largest such closure the industry has seen — and returned the money to unitholders over the following years.

Launched

18 Feb 1996

Total AUM

₹1,26,017Cr+2.0% QoQ

Avg AUM · April - June 2026

Website

franklintempletonindia.com

Fund Managers

SMSandeep ManamStart date not disclosed

Role

VP & Senior Research Analyst

Education

PGDM- IIM- Ahmedabad B.Tech (Electronics & (based at Chennai) Franklin Equity Team and also the Engg.)- National Institute of Technology Calicut

Experience

He is responsible for researching investment opportunities in automotive and airline sectors. Prior Assignments: Cognizant Technology Solutions (April 2014- July 2015) He was supporting UBS lead analyst in covering Indian Auto, Auto component sectors. Also supported coverage of Indian Pharma companies. Shapoorji Pallonji & Company Private Limited (April 2011- March 2014) He was responsible for supporting the Group’s Head (Strategy) in driving strategy at the group and company level..

Funds managed (20)

All schemes Sandeep Manam runs →

RJR JanakiramanStart date not disclosed

Role

SVP & CIO, Emerging Market Equities – India

Education

Post Graduate Diploma in Management from IIM - Calcutta; Bachelor in Business Studies from Shaheed Sukhdev College of Business Studies, University of Delhi B.Tech. (ECE) from NIT

Experience

SVP & CIO, Emerging Market Equities – India (based at Chennai) Prior assignments: • Investment Manager, Indian Syntans Invt Pvt. Ltd. (2000-2007). Responsible investment analysis and managing investments of company. • Citicorp Information Tech Ltd. (Nov 1999 –Feb 2000). Provided domain knowledge to CITIL’s software development team. • Senior Executive. UTI Securities Exchange Ltd. (1997 –1999). Responsible for investment research of certain industrial sectors & later was part of the team responsible equity sales function. She is responsible for equity research support and fund

Funds managed (9)

All schemes R Janakiraman runs →

VSVenkatesh SanjeeviStart date not disclosed

Role

Senior Vice President & Portfolio Manager

Education

PGDM IIM- Ahmedabad CA B.Com

Experience

(based at Chennai) He is responsible for Fund Management. Prior Assignments: Pictet Asset Management, London (April 2015- October 2021) Responsible for co- leading of Pictet Indian Equities fund. ICICI Prudential Asset Management, Mumbai (March 2010- February 2015) Responsible for managing ICICI Prudential Banking & Financial Services Fund, MIP 25, and few other closed ended funds. AVP/ Senior Research Analyst, Emerging Markets

Funds managed (8)

All schemes Venkatesh Sanjeevi runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Sandeep Manam R Janakiraman Venkatesh Sanjeevi

Top holdings

Bharti Airtel Ltd Infosys Ltd Eternal Ltd HCL Technologies Ltd Cognizant Technology Solutions Corp., A PB Fintech Ltd Tata Consultancy Services Ltd Swiggy Ltd Info Edge (India) Ltd Makemytrip Ltd Amagi Media Labs Ltd Intellect Design Arena Ltd

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.

Run SIP calculator Add to compare

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 Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of Franklin India Technology Fund?

As of 01 Oct 2026, the NAV of Franklin India Technology Fund is ₹38.47 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin India Technology Fund delivered?

Franklin India Technology Fund has returned -18.46% over 1 year, -2.10% per year over 3 years, -3.65% per year over 5 years and +2.87% 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 Technology Fund?

Franklin India Technology Fund charges an expense ratio of 2.15% 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 Technology Fund?

Franklin India Technology Fund's largest holdings are Bharti Airtel Ltd (20.7%), Infosys Ltd (13.5%), Eternal Ltd (7.6%), HCL Technologies Ltd (6.3%) and Cognizant Technology Solutions Corp., A (5.8%). Holdings are disclosed monthly and change over time.

How risky is Franklin India Technology Fund?

Franklin India Technology Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.9% and its worst peak-to-trough fall in our sample was -73.4%. 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 -0.51 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Technology Fund's -0.51 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Franklin India Technology Fund?

Franklin India Technology Fund is benchmarked against the BSE Teck. Its alpha and beta on this page are measured against that index.

Who manages Franklin India Technology Fund?

Franklin India Technology Fund is managed by Sandeep Manam, R Janakiraman and Venkatesh Sanjeevi at Franklin Templeton.

How is Franklin India Technology Fund taxed?

Franklin India Technology 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.