FoFFoF DomesticDirectIDCWVery High

Franklin India Dynamic Asset Allocation Active Fund of Funds

Q: What is the NAV of Franklin India Dynamic Asset Allocation Active Fund of Funds?

As of 01 Oct 2026, the NAV of Franklin India Dynamic Asset Allocation Active Fund of Funds is ₹46.09 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What does the Sharpe ratio of -0.88 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Dynamic Asset Allocation Active Fund of Funds's -0.88 means it has not compensated investors for its volatility over the window. Higher is better.

Franklin Templeton Mutual Fund · Best Domestic Fund of Funds

NAV

₹46.09

-0.54% 1D

as of 01 Oct 2026

This is the Direct plan of Franklin India Dynamic Asset Allocation Active Fund of Funds — bought from the fund house, with no distributor commission in 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 (+7.65% 3Y CAGR)

Performance

-8.79%CAGR

52-week rangePrev NAV ₹46.34

Latest ₹46.09

Low ₹46.090th percentile of its 52-week rangeHigh ₹51.64

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 FoF funds (same plan and option) to rank against yet.

Performance—

Not enough FoF Domestic peers to rank yet

Risk—

Volatility 8.0% (no category average yet)

Cost—

1.0% expense (no category average yet)

ConsistencyModerate

81% of rolling 3Y windows were positive

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.03%

Category —

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

—

Category —

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

-0.88

Category —

Scheme Info

Definitions

Plan

Direct · 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 - • NIL Exit load – for 10% of the units upto completion of 12 months. o The “First In First Out (FIFO)” logic will be applied while selecting the units for redemption o Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows o The load free units from purchases made subsequent to the initial purchase will be available only after redeeming all units from the initial purchase • All units redeemed /switched-out in excess of the 10% load free units will be subject to the below mentioned exit load. o 1.00% - if Units are redeemed/switched-out on or before 1 year from the date of allotment o Nil - if redeemed after 1 year from the date of allotment

Up to 10.00%

tiered — see the full terms

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

CRISIL Hybrid 50+50 - Moderate 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.

01 Jan 2013

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

Definitions

Absolute return over the last 1 month (not annualized)

-3.88%

Absolute return over the last 3 months (not annualized)

-5.30%

Absolute return over the last 6 months (not annualized)

-0.70%

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

-9.57%

Annualized returns (≥1Y — CAGR)

Definitions

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

-9.24%

3-year annualized return (CAGR)

-0.48%

5-year annualized return (CAGR)

+1.37%

10-year annualized return (CAGR)

+1.52%

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.

+2.07%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

7.98%

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

-0.88

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

-1.07

Largest peak-to-trough decline over full history

-36.42%

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

-8.29%

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

0.48

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

83.3%

Excess return per unit of beta (market risk)

-14.20

Active return over the benchmark per unit of tracking error

-1.13

Annualized std dev of fund-minus-benchmark returns

8.89%

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

39.5%

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

65.1%

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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	-3.88%	—	—
3M abs	-5.30%	—	—
6M abs	-0.70%	—	—
1Y CAGR	-9.24%	—	—
3Y CAGR	-0.48%	—	—
5Y CAGR	+1.37%	—	—

Category average across peers in FoF Domestic, 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

₹5.91L

Absolute

-1.47%

XIRR

-0.60%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin India Dynamic Asset Allocation Active Fund of Funds, 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	-9.57%	-7.18%	-2.39%
2025	-1.78%	+7.94%	-9.72%
2024	+5.70%	+16.43%	-10.73%
2023	+13.24%	+27.43%	-14.19%
2022	+0.53%	+4.34%	-3.81%
2021	+27.25%	+31.59%	-4.34%
2020	-14.84%	+18.33%	-33.17%
2019	-1.30%	+8.95%	-10.25%
2018	-2.55%	-2.33%	-0.22%
2017	+7.33%	+37.35%	-30.02%

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.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Expense ratio up: 0.97% → 1.03%
30 Sep 2026

History points

3,318

Expense ratio

1.03%

AUM

₹1,230Cr

Portfolio turnover

45%

Exit load

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

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 · FoF Domestic

Compare all


Franklin India Dynamic Asset Allocation Active Fund of FundsThis fund Franklin Templeton · Direct · IDCW	—	-9.24%	-0.48%	+1.37%	—	1.03%	₹1,230Cr
Axis Silver Fund of Fund Axis · Direct · IDCW	—	+48.84%	+43.37%	—	—	0.14%	₹1,209Cr
ICICI Prudential Silver ETF FOF ICICI Prudential · Direct · IDCW	—	+48.62%	+42.96%	—	—	0.20%	₹6,532Cr
Aditya Birla Sun Life Silver ETF FOF Aditya Birla Sun Life · Direct · IDCW	—	+47.56%	+42.78%	—	—	0.32%	₹1,306Cr
Nippon India Silver ETF FOF Nippon India · Direct · IDCW	—	+47.77%	+42.65%	—	—	0.22%	₹4,544Cr
Edelweiss Gold and Silver ETF FOF Edelweiss · Direct · IDCW	—	+32.21%	+37.53%	—	—	0.20%	₹3,034Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other97.78%
Cash & Equivalents2.22%

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.

-36.4%23 Jan 2018 → 18 May 2020
Fell over 2.3 years, back to the old high on 14 Sep 2021 — 16 months under water after the low.
-14.8%21 Jan 2013 → 28 Aug 2013
Fell over 7 months, back to the old high on 13 May 2014 — 8 months under water after the low.
-14.2%23 Sep 2024 → 01 Oct 2026
Still below that high — 2.0 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.

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

RKRajasa KakulavarapuManaging since 07 Feb 2022

Role

Vice President & Portfolio Manager

Education

B.Tech. (ECE) from NIT, Jaipur and MBA from Indian Institute support and of Management, Ahmedabad

Experience

Vice President & Sr Research Analyst & Portfolio Manager She is responsible for equity research support and fund management. (based at Chennai) Prior Assignments: • Franklin Templeton Asset Management (India) Pvt. Ltd. (Since 2016 till date): AVP/Senior Research Analyst. • Jefferies India Pvt. Ltd. (June 2011 to March 2016) • Credit Suisse Securities (India) Pvt. Ltd. (May 2008 to June 2011) Vice President & Portfolio Manager, Fixed Income

Funds managed (12)

All schemes Rajasa Kakulavarapu runs →

VSVenkatesh SanjeeviManaging since 04 Oct 2024

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 →

CGChandni GuptaManaging since 13 Mar 2026

Role

Vice President- Portfolio Manager, Fixed Income

Education

CFA Program, CFA institute USA

Experience

Vice President- Portfolio Manager, Fixed Income (based in Mumbai). She is responsible for Portfolio Management -Fixed Income. Prior Assignments (Last 10 years) ICICI Prudential Mutual Fund- AVP-Fund Manager, Fixed Income - October 2012-February 2024. Chief Investment Officer – Fixed Income (based at Mumbai). He is responsible for overseeing Fixed Income Fund Management. With effect from August 1, 2023. Prior assignments: • ICICI Prudential Asset Management Co. Ltd - Chief Investment Officer- Fixed Income - September 2012 to July 2023 • Standard Chartered Bank – Head Primary Dealer – November 2009 to September 2012. • ICICI Prudential Asset Management Co. Ltd - Senior Fund Manager – July 2004 to November 2009. • Franklin Templeton Asset Management Co. (I) Pvt. Ltd - Asst. Vice President – Fixed Income - October 2002 to July 2004. Vice President- Portfolio Manager, Fixed Income (based in Mumbai).

Funds managed (13)

All schemes Chandni Gupta runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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

Rajasa Kakulavarapu Venkatesh Sanjeevi Chandni Gupta

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.

Frequently asked questions

What is the NAV of Franklin India Dynamic Asset Allocation Active Fund of Funds?

As of 01 Oct 2026, the NAV of Franklin India Dynamic Asset Allocation Active Fund of Funds is ₹46.09 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin India Dynamic Asset Allocation Active Fund of Funds delivered?

Franklin India Dynamic Asset Allocation Active Fund of Funds has returned -9.24% over 1 year, -0.48% per year over 3 years, +1.37% per year over 5 years and +2.07% 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 Dynamic Asset Allocation Active Fund of Funds?

Franklin India Dynamic Asset Allocation Active Fund of Funds charges an expense ratio of 1.03% 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 Dynamic Asset Allocation Active Fund of Funds?

Franklin India Dynamic Asset Allocation Active Fund of Funds's largest holdings are Franklin India Flexi Cap Fund-Direct Growth Plan (Formerly known as Franklin India Equity Fund) (59.8%), Franklin India Corporate Bond Fund - Direct Plan - Growth (20.5%), ICICI Prudential Short Term Fund Direct - Growth Plan (10.1%), Franklin India Banking & Psu Debt Fund - Direct Plan - Growth (7.4%) and Franklin India Dynamic Accrual Fund- Segregated Portfolio 3- 9.50% Yes Bank Ltd CO 23 Dec 2021-Direct-Growth Plan (0.0%). Holdings are disclosed monthly and change over time.

How risky is Franklin India Dynamic Asset Allocation Active Fund of Funds?

Franklin India Dynamic Asset Allocation Active Fund of Funds is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.0% and its worst peak-to-trough fall in our sample was -36.4%. 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 -0.88 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Dynamic Asset Allocation Active Fund of Funds's -0.88 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Franklin India Dynamic Asset Allocation Active Fund of Funds?

Franklin India Dynamic Asset Allocation Active Fund of Funds is benchmarked against the CRISIL Hybrid 50+50 - Moderate Index. Its alpha and beta on this page are measured against that index.

Who manages Franklin India Dynamic Asset Allocation Active Fund of Funds?

Franklin India Dynamic Asset Allocation Active Fund of Funds is managed by Rajasa Kakulavarapu, Venkatesh Sanjeevi and Chandni Gupta at Franklin Templeton.

How is Franklin India Dynamic Asset Allocation Active Fund of Funds taxed?

Franklin India Dynamic Asset Allocation Active Fund of Funds is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.