EquitySectoral/ ThematicDirectGrowthVery High

Franklin Build India Fund

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

As of 05 Oct 2026, the NAV of Franklin Build India Fund is ₹157.74 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin Build India Fund delivered?

Franklin Build India Fund has returned -3.45% over 1 year, +14.69% per year over 3 years, +16.82% per year over 5 years and +19.50% 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 Build India Fund?

Franklin Build India Fund charges an expense ratio of 1.14% 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 Build India Fund?

Franklin Build India Fund's largest holdings are Larsen & Toubro Ltd (9.3%), Interglobe Aviation Ltd (7.1%), Reliance Industries Ltd (4.8%), NTPC Ltd (4.4%) and Axis Bank Ltd (4.1%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin Build India Fund?

Franklin Build India Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.7% and its worst peak-to-trough fall in our sample was -42.8%. 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 0.49 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin Build India Fund's 0.49 means it has rewarded its volatility with excess return. Higher is better.

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

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

Q: Who manages Franklin Build India Fund?

Franklin Build India Fund is managed by Sandeep Manam, Ajay Argal and Kiran Sebastian at Franklin Templeton.

Q: How is Franklin Build India Fund taxed?

Franklin Build India 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

₹157.74

+0.69% 1D

as of 05 Oct 2026

This is the Direct plan of Franklin Build India Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-3.68%absolute

52-week rangePrev NAV ₹156.66

Latest ₹157.74

Low ₹153.3621st percentile of its 52-week rangeHigh ₹174.22

Scorecard

★★★★☆4/5 vs 142 of 255 Sectoral/ Thematic 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 Sectoral/ Thematic (same plan and option). 142 of the 255 Sectoral/ Thematic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +14.69% · ranks 60 of 142 Sectoral/ Thematic funds

RiskModerate

Volatility 16.7% vs 15.7% category avg

CostLow

1.1% expense vs 1.3% category avg

ConsistencyHigh

94% 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

3-year return (+14.69%) beats the Sectoral/ Thematic average (+13.79%)
5-year return (+16.82%) beats the Sectoral/ Thematic average (+11.99%)
Low expense ratio (1.14%) vs the Sectoral/ Thematic average of 1.27%
Consistent — positive in 94% of rolling 3-year windows

Concerns

Trails the Sectoral/ Thematic average on 3M/6M/1Y — 1Y by 6.87pp

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.14%

Category 1.27%▼0.13%

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

17.14

Category 28.71▼11.57

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

0.49

Category 0.45▲0.04

Scheme Info

Definitions

Plan

Direct · Growth

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

BSE India Infrastructure 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)

-4.27%

Absolute return over the last 3 months (not annualized)

-8.06%

Absolute return over the last 6 months (not annualized)

+0.83%

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

-4.74%

Annualized returns (≥1Y — CAGR)

Definitions

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

-3.45%

3-year annualized return (CAGR)

+14.69%

5-year annualized return (CAGR)

+16.82%

10-year annualized return (CAGR)

+16.35%

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.

+19.50%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.70%

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

0.49

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

-42.80%

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

4.68%

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

1.03

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

83.1%

Excess return per unit of beta (market risk)

7.97

Active return over the benchmark per unit of tracking error

0.68

Annualized std dev of fund-minus-benchmark returns

7.32%

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

117.3%

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

99.2%

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	-4.27%	-4.47%	+0.20%
3M abs	-8.06%	-2.30%	-5.76%
6M abs	+0.83%	+12.11%	-11.28%
1Y CAGR	-3.45%	+3.42%	-6.87%
3Y CAGR	+14.69%	+13.79%	+0.90%
5Y CAGR	+16.82%	+11.99%	+4.83%

Category average across peers in Sectoral/ Thematic (up to 255 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 255 peers in Sectoral/ Thematic

1Y return

-3.45%

Beats 28.5% · rank #164

3Y return

+14.69%

Beats 58.2% · rank #60

5Y return

+16.82%

Beats 81.2% · rank #19

Sharpe

0.49

Beats 56.7% · rank #62

Sortino

0.66

Beats 53.9% · rank #66

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

₹8.55L

Absolute

+42.54%

XIRR

+14.60%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin Build India 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	-4.74%	-7.18%	+2.44%
2025	+4.76%	+7.94%	-3.18%
2024	+29.15%	+16.43%	+12.72%
2023	+52.74%	+27.43%	+25.31%
2022	+12.37%	+4.34%	+8.03%
2021	+47.37%	+31.59%	+15.78%
2020	+6.47%	+18.33%	-11.86%
2019	+7.24%	+8.95%	-1.71%
2018	-9.49%	-2.33%	-7.16%
2017	+45.09%	+37.35%	+7.74%

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

3,385

Expense ratio

1.14%

AUM

₹3,170Cr

Portfolio turnover

38%

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

P/E ratio

17.1

P/B ratio

3.3

Avg market cap

₹3,29,902Cr

P/E & P/B are portfolio-weighted harmonic means across 37 of 42 equity holdings (84% 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 Build India FundThis fund Franklin Templeton · Direct · Growth	★★★★☆	-3.45%	+14.69%	+16.82%	17.14	1.14%	₹3,170Cr
Nippon India Taiwan Equity Fund Nippon India · Direct · Growth	★★★★☆	+128.11%	+63.78%	—	—	1.06%	₹1,110Cr
HDFC Defence Fund HDFC · Direct · Growth	★★★★☆	+20.18%	+36.05%	—	57.59	0.89%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Direct · Growth	★★★★★	+25.57%	+29.81%	—	44.12	1.03%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Direct · Growth	★★★☆☆	+32.46%	+25.00%	+9.83%	26.07	1.21%	₹720.84Cr
Nippon India Japan Equity Fund Nippon India · Direct · Growth	★★★☆☆	+30.50%	+24.42%	+12.14%	—	1.37%	₹330.20Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap60.7%
Mid cap17.5%
Small cap21.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity94.53%
Cash & Equivalents5.47%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Sundaram Infrastructure Advantage Fund Sundaram · Sectoral/ Thematic	44.4%	★★☆☆☆	1.81%	+14.43%
Canara Robeco Infrastructure Fund Canara Robeco · Sectoral/ Thematic	43.0%	★★★☆☆	1.17%	+17.82%
UTI - Infrastructure Fund UTI · Sectoral/ Thematic	43.0%	★★☆☆☆	2.00%	+11.53%
Aditya Birla Sun Life BSE India Infrastructure Index Fund Aditya Birla Sun Life · Index Funds	42.3%	★☆☆☆☆	0.55%	—
HSBC Infrastructure Fund HSBC · Sectoral/ Thematic	40.6%	★★★☆☆	1.11%	+15.43%
Franklin India Focused Equity Fund Franklin Templeton · Focused Fund	39.3%	★★★☆☆	1.16%	+6.40%
Nippon India ETF Nifty Infrastructure BeES Nippon India · Other ETFs	38.5%	—	0.52%	+11.75%
ICICI Prudential Infrastructure Fund ICICI Prudential · Sectoral/ Thematic	37.1%	★★★★☆	1.29%	+16.34%

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.

-42.8%03 Jun 2019 → 24 Mar 2020
Fell over 10 months, back to the old high on 01 Jan 2021 — 9 months under water after the low.
-21.2%06 Aug 2015 → 25 Feb 2016
Fell over 7 months, back to the old high on 01 Jul 2016 — 4 months under water after the low.
-20.3%25 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 29 Oct 2025 — 8 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

₹3,170Cr

April - June 2026

+5%

since January - March 2026

+₹167.40Cr

est. net flow, last quarter

At or near its largest, ₹3,170Cr 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.

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 →

AAAjay ArgalStart date not disclosed

Role

Senior Vice President & Portfolio Manager

Education

PGDM, IIM Bangalore. IIT Bombay, Bachelor of Technology MBA, University of Oxford.

Experience

Senior Vice President & Portfolio Manager (based at Chennai) He is responsible for Fund Management. Prior Assignments: Baring Asset Management (Asia) Ltd., Hong Kong (September 2011 to March 2019) Responsible for Fund Management of Baring India Fund Birla Sunlife Mutual Fund (December 2005 to August 2011) He was responsible for Fund Management of India Excel Fund and India Advantage Fund. AVP & Senior Research Analyst (based at Chennai)

Funds managed (7)

All schemes Ajay Argal runs →

KSKiran SebastianStart date not disclosed

Role

VP/ Portfolio Manager

Education

B.Tech, University of Calicut. PGDM- IIM- Ahmedabad

Experience

President/ Portfolio Manager & Senior Research Analyst of (based at Chennai) Responsible for fund management and equity research support (since April 2015). (based at Chennai) Prior Assignments: ARGA Investment Management (India) Pvt. Ltd. (August 2011- April 20, 2015) Responsible for researching Global Equities and generating recommendations for the Portfolio Construction Team. MFS international (U.K.) Ltd., London. (Nov 2007 to April 2011) Research Analyst covering European equities and generating recommendations for Portfolio Construction AVP & Senior Research Analyst

Funds managed (3)

All schemes Kiran Sebastian 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 Ajay Argal Kiran Sebastian

Top holdings

Larsen & Toubro Ltd Interglobe Aviation Ltd Reliance Industries Ltd NTPC Ltd Axis Bank Ltd Bharti Airtel Ltd HDFC Bank Ltd Tata Power Co Ltd REC Ltd Hindustan Aeronautics Ltd Delhivery Ltd Oil & Natural Gas Corporation 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 Build India Fund?

As of 05 Oct 2026, the NAV of Franklin Build India Fund is ₹157.74 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin Build India Fund delivered?

Franklin Build India Fund has returned -3.45% over 1 year, +14.69% per year over 3 years, +16.82% per year over 5 years and +19.50% 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 Build India Fund?

Franklin Build India Fund charges an expense ratio of 1.14% 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 Build India Fund?

Franklin Build India Fund's largest holdings are Larsen & Toubro Ltd (9.3%), Interglobe Aviation Ltd (7.1%), Reliance Industries Ltd (4.8%), NTPC Ltd (4.4%) and Axis Bank Ltd (4.1%). Holdings are disclosed monthly and change over time.

How risky is Franklin Build India Fund?

Franklin Build India Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 16.7% and its worst peak-to-trough fall in our sample was -42.8%. 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 0.49 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin Build India Fund's 0.49 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Franklin Build India Fund?

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

Who manages Franklin Build India Fund?

Franklin Build India Fund is managed by Sandeep Manam, Ajay Argal and Kiran Sebastian at Franklin Templeton.

How is Franklin Build India Fund taxed?

Franklin Build India 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.