EquitySectoral/ ThematicRegularIDCWVery High

Franklin Asian Equity Fund

Q: What is the NAV of Franklin Asian Equity Fund?

As of 01 Oct 2026, the NAV of Franklin Asian Equity Fund is ₹21.07 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin Asian Equity Fund delivered?

Franklin Asian Equity Fund has returned +32.21% over 1 year, +21.68% per year over 3 years, +6.16% per year over 5 years and +4.35% 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 Asian Equity Fund?

Franklin Asian Equity Fund charges an expense ratio of 2.47% 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 Asian Equity Fund?

Franklin Asian Equity Fund's largest holdings are Taiwan Semiconductor Manufacturing Co. Ltd (9.7%), Samsung Electronics Ltd (7.5%), SK Hynix Inc (5.2%), ICICI Bank Ltd (3.3%) and Divi's Laboratories Ltd (2.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin Asian Equity Fund?

Franklin Asian Equity 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 -43.9%. 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 0.90 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin Asian Equity Fund's 0.90 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Franklin Asian Equity Fund?

Franklin Asian Equity Fund is benchmarked against the 75% MSCI Asia (Ex-Japan) Standard Index + 25% Nifty 500 Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Franklin Asian Equity Fund?

Franklin Asian Equity Fund is managed by Sandeep Manam and Shyam Sundar Sriram at Franklin Templeton.

Q: How is Franklin Asian Equity Fund taxed?

Franklin Asian Equity 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

₹21.07

+0.34% 1D

as of 01 Oct 2026

This is the Regular plan of Franklin Asian Equity 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 (+22.88% 3Y CAGR)

Performance

+32.89%CAGR

52-week rangePrev NAV ₹21.00

Latest ₹21.07

Low ₹15.8585th percentile of its 52-week rangeHigh ₹21.99

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—

2.5% expense (no category average yet)

ConsistencyLow

65% 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

Positive in only 65% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.47%

Category —

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

26.07

Category —

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

0.90

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 the Units are redeemed/switched- out within one year from the date 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

75% MSCI Asia (Ex-Japan) Standard Index + 25% Nifty 500 Index

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.

17 Jan 2008

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

Definitions

Absolute return over the last 1 month (not annualized)

-1.89%

Absolute return over the last 3 months (not annualized)

-1.74%

Absolute return over the last 6 months (not annualized)

+23.13%

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

+25.56%

Annualized returns (≥1Y — CAGR)

Definitions

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

+32.21%

3-year annualized return (CAGR)

+21.68%

5-year annualized return (CAGR)

+6.16%

10-year annualized return (CAGR)

+4.53%

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.

+4.35%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.87%

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

0.90

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

1.27

Largest peak-to-trough decline over full history

-43.91%

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

12.40%

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

0.57

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

27.8%

Excess return per unit of beta (market risk)

26.30

Active return over the benchmark per unit of tracking error

0.74

Annualized std dev of fund-minus-benchmark returns

16.05%

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

73.8%

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

-4.5%

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	-1.89%	—	—
3M abs	-1.74%	—	—
6M abs	+23.13%	—	—
1Y CAGR	+32.21%	—	—
3Y CAGR	+21.68%	—	—
5Y CAGR	+6.16%	—	—

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

₹9.17L

Absolute

+52.79%

XIRR

+17.51%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin Asian Equity 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	+25.56%	-7.18%	+32.74%
2025	+23.66%	+7.94%	+15.72%
2024	+14.45%	+16.43%	-1.98%
2023	-2.26%	+27.43%	-29.69%
2022	-16.87%	+4.34%	-21.21%
2021	-10.51%	+31.59%	-42.10%
2020	+20.22%	+18.33%	+1.89%
2019	+19.78%	+8.95%	+10.83%
2018	-20.26%	-2.33%	-17.93%
2017	+24.63%	+37.35%	-12.72%

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

4,600

Expense ratio

2.47%

AUM

₹720.84Cr

Portfolio turnover

55%

Exit load

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

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

P/E ratio

26.1

P/B ratio

5.8

Avg market cap

₹3,41,557Cr

P/E & P/B are portfolio-weighted harmonic means across 28 of 56 equity holdings (44% 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 Asian Equity FundThis fund Franklin Templeton · Regular · IDCW	—	+32.21%	+21.68%	+6.16%	—	2.47%	₹720.84Cr
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 — 48% of the equity sleeve priced.

Large cap72.2%
Mid cap27.8%
Small cap0.0%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity93.50%
Cash & Equivalents6.50%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Franklin India Large & Mid Cap Fund Franklin Templeton · Large & Mid Cap Fund	28.0%	★☆☆☆☆	1.62%	+9.84%
JM Large Cap Fund JM Financial · Large Cap Fund	27.1%	★★☆☆☆	1.19%	+9.08%
Canara Robeco Flexi Cap Fund Canara Robeco · Flexi Cap Fund	26.8%	★★★☆☆	0.69%	+10.26%
Franklin India Large Cap Fund Franklin Templeton · Large Cap Fund	26.3%	★★☆☆☆	1.45%	+8.29%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	26.2%	★★★★☆	0.63%	+8.81%
Union Largecap Fund Union · Large Cap Fund	26.1%	★☆☆☆☆	1.68%	+6.29%
Canara Robeco Focused Fund Canara Robeco · Focused Fund	25.6%	★★★★☆	0.81%	+11.20%
Axis Large Cap Fund Axis · Large Cap Fund	25.6%	★★★☆☆	0.92%	+7.70%

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.

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.

-43.9%17 Feb 2021 → 25 Oct 2022
Fell over 1.7 years, back to the old high on 24 Feb 2026 — 3.3 years under water after the low.
-42.8%16 May 2008 → 27 Oct 2008
Fell over 5 months, back to the old high on 17 Sep 2009 — 11 months under water after the low.
-35.1%22 Nov 2017 → 23 Mar 2020
Fell over 2.3 years, back to the old high on 05 Nov 2020 — 7 months under water after the low.

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

₹720.84Cr

April - June 2026

+88%

since January - March 2026

At or near its largest, ₹720.84Cr in April - June 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.

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 →

SSShyam Sundar SriramStart date not disclosed

Role

Associate Vice President Equities

Education

PGDM (IIM Ahmedabad) equivalent to MBA B.E (Electronics and Communication College of Engineering, Guindy, Anna University)

Experience

Associate Vice President – Equities of Franklin Templeton Asset Management (India) Pvt. Ltd (based in Chennai) – Since Oct 2022- till date. He is responsible for research in Cement and Consumer Discretionary sectors. Prior Assignments: Equity Analyst at Sundaram Mutual Fund – March 2018-Sep 2022 Equity Analyst at JM financial – Jul 2015 -Feb 2018 Equity associate – Cognizant technology (for UBS, Mumbai) – Jan 2014 - Aug 2014 Associate Vice President – IIFL wealth management Jun 2011 – Nov 2013. Sr. Manager / Research Analyst, Emerging Markets

Funds managed (1)

Franklin India NSE Nifty 50 Index Fund

All schemes Shyam Sundar Sriram 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 Shyam Sundar Sriram

Top holdings

Taiwan Semiconductor Manufacturing Co. Ltd Samsung Electronics Ltd SK Hynix Inc ICICI Bank Ltd Divi's Laboratories Ltd Tencent Holdings Ltd Torrent Pharmaceuticals Ltd Mediatek Inc Oberoi Realty Ltd King Slide Works Co Ltd Larsen & Toubro Ltd Eternal 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.

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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 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 Asian Equity Fund?

As of 01 Oct 2026, the NAV of Franklin Asian Equity Fund is ₹21.07 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin Asian Equity Fund delivered?

Franklin Asian Equity Fund has returned +32.21% over 1 year, +21.68% per year over 3 years, +6.16% per year over 5 years and +4.35% 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 Asian Equity Fund?

Franklin Asian Equity Fund charges an expense ratio of 2.47% 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 Asian Equity Fund?

Franklin Asian Equity Fund's largest holdings are Taiwan Semiconductor Manufacturing Co. Ltd (9.7%), Samsung Electronics Ltd (7.5%), SK Hynix Inc (5.2%), ICICI Bank Ltd (3.3%) and Divi's Laboratories Ltd (2.7%). Holdings are disclosed monthly and change over time.

How risky is Franklin Asian Equity Fund?

Franklin Asian Equity 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 -43.9%. 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 0.90 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin Asian Equity Fund's 0.90 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Franklin Asian Equity Fund?

Franklin Asian Equity Fund is benchmarked against the 75% MSCI Asia (Ex-Japan) Standard Index + 25% Nifty 500 Index. Its alpha and beta on this page are measured against that index.

Who manages Franklin Asian Equity Fund?

Franklin Asian Equity Fund is managed by Sandeep Manam and Shyam Sundar Sriram at Franklin Templeton.

How is Franklin Asian Equity Fund taxed?

Franklin Asian Equity 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.