Franklin India Focused Equity Fund
This is the Direct plan of Franklin India Focused Equity 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.
Performance
Scorecard
★★★☆☆3/5 vs 27 Focused 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 Focused Fund (same plan and option).
3Y CAGR +6.40% · ranks 27 of 27 Focused Funds
Volatility 13.3% vs 14.7% category avg
1.2% expense vs 1.1% category avg
98% 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
- Consistent — positive in 98% of rolling 3-year windows
Concerns
- Trails the Focused Fund average on 1M/3M/6M/1Y — 1Y by 13.50pp
- 3-year return (+6.40%) trails the Focused Fund average (+12.00%)
- 5-year return (+8.18%) trails the Focused Fund average (+10.48%)
- Ranks #28 of 28 on 1-year return in its Focused Fund cohort
- Weaker risk-adjusted returns — Sharpe -0.01 below the Focused Fund average of 0.38
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Focused Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -6.76% | -4.56% | -2.20% |
| 3M abs | -7.60% | -2.68% | -4.92% |
| 6M abs | -0.65% | +11.04% | -11.69% |
| 1Y CAGR | -12.09% | +1.41% | -13.50% |
| 3Y CAGR | +6.40% | +12.00% | -5.60% |
| 5Y CAGR | +8.18% | +10.48% | -2.30% |
Category average across peers in Focused Fund (up to 27 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 27 peers in Focused Fund
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 Focused 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 | -14.32% | -7.18% | -7.14% | |
| 2025 | +5.92% | +7.94% | -2.02% | |
| 2024 | +20.88% | +16.43% | +4.45% | |
| 2023 | +24.51% | +27.43% | -2.92% | |
| 2022 | +9.74% | +4.34% | +5.40% | |
| 2021 | +40.53% | +31.59% | +8.94% | |
| 2020 | +11.79% | +18.33% | -6.54% | |
| 2019 | +11.97% | +8.95% | +3.02% | |
| 2018 | -7.74% | -2.33% | -5.41% | |
| 2017 | +39.00% | +37.35% | +1.65% |
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.
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity95.89%
- Cash & Equivalents3.90%
- Debt0.22%
Fund size over time
Quarterly average AUM · AMFIDown +5% from its peak of ₹12,023Cr 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.
Fund Managers
SMSandeep ManamStart date not disclosed
VP & Senior Research Analyst
PGDM- IIM- Ahmedabad B.Tech (Electronics & (based at Chennai) Franklin Equity Team and also the Engg.)- National Institute of Technology Calicut
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..
- Franklin Asian Equity Fund
- Franklin Build India Fund
- Franklin India Aggressive Hybrid Fund
- Franklin India Balanced Advantage Fund
- Franklin India Banking & PSU Debt Fund
- Franklin India Conservative Hybrid Fund
- Franklin India Dividend Yield Fund
- Franklin India Equity Savings Fund
- Franklin India Flexi Cap Fund
- Franklin India Floating Rate Fund
- Franklin India Large & Mid Cap Fund
- Franklin India Large Cap Fund
- Franklin India Mid Cap Fund
- Franklin India Multi Asset Allocation Fund
- Franklin India Multi Cap Fund
- Franklin India NSE Nifty 50 Index Fund
- Franklin India Opportunities Fund
- Franklin India Small Cap Fund
- Franklin India Technology Fund
- Templeton India Value Fund
VSVenkatesh SanjeeviStart date not disclosed
Senior Vice President & Portfolio Manager
PGDM IIM- Ahmedabad CA B.Com
(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
- Franklin India Balanced Advantage Fund
- Franklin India Conservative Hybrid Fund
- Franklin India Dynamic Asset Allocation Active Fund of Funds
- Franklin India Equity Savings Fund
- Franklin India Large & Mid Cap Fund
- Franklin India Large Cap Fund
- Franklin India Technology Fund
- Franklin India Aggressive Hybrid Fund - Direct Plan - Growth
AAAjay ArgalStart date not disclosed
Senior Vice President & Portfolio Manager
PGDM, IIM Bangalore. IIT Bombay, Bachelor of Technology MBA, University of Oxford.
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)
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
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.
Institutional investors pick up Honasa shares in ₹643-crore block deal, shares in red
TradingView · 4d ago
Franklin Templeton cuts Syrma SGS stake to 3.01% via open market sale
scanx.trade · 4d ago
Honasa Share Price: Peak XV, Sequoia Sell Stake
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Top 5 mutual fund updates on September 29: New ETF, IDCW payout, fund-manager changes and more
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Franklin India Ultra Short to Short Term Fund - Direct Plan
CNBC TV18 · 24d ago
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scanx.trade · 28d ago
Kirloskar Oil Engines cancels ICICI Pru meet; holds Franklin Templeton session
scanx.trade · 28 Aug 2026
Franklin India Large Cap Fund Regular-Growth (₹ 951.32) - NAV, Reviews & asset allocation
The Economic Times · 26 Aug 2026
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 Focused funds
Focused funds hold a concentrated portfolio of at most 30 stocks. Higher conviction can mean higher returns, but a few positions carry more of the outcome — so more concentration risk.
From the blog
196 of 529 equity funds are down over the past year
01 Oct 2026
37% of equity funds lost money in the year to 30 September 2026: 29 of 33 large caps, but 1 of 62 mid and small caps. Which categories and themes fell.
Equity funds at 52-week lows? Almost none, even now
28 Sep 2026
On 25 September 2026 no equity fund closed at a 52-week low, and 3 of 528 were within 2% of one, while the Nifty 50 sat just 3.62% above its March low.
Focused fund returns: 30 stocks, no wider spread
17 Sep 2026
To 16 Sep 2026 the median focused fund returned 11.53% a year over 3 years and flexi caps 10.80%, with a similar spread and volatility.
Frequently asked questions
What is the NAV of Franklin India Focused Equity Fund?
As of 05 Oct 2026, the NAV of Franklin India Focused Equity Fund is ₹106.99 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Franklin India Focused Equity Fund delivered?
Franklin India Focused Equity Fund has returned -12.09% over 1 year, +6.40% per year over 3 years, +8.18% per year over 5 years and +15.57% 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 Focused Equity Fund?
Franklin India Focused Equity Fund charges an expense ratio of 1.16% 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 Focused Equity Fund?
Franklin India Focused Equity Fund's largest holdings are ICICI Bank Ltd (8.5%), HDFC Bank Ltd (8.0%), Axis Bank Ltd (7.3%), Eternal Ltd (6.7%) and Reliance Industries Ltd (5.5%). Holdings are disclosed monthly and change over time.
How risky is Franklin India Focused Equity Fund?
Franklin India Focused Equity Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 13.3% and its worst peak-to-trough fall in our sample was -37.7%. 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 -0.01 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Focused Equity Fund's -0.01 means it has not compensated investors for its volatility over the window. Higher is better.
What is the benchmark of Franklin India Focused Equity Fund?
Franklin India Focused Equity Fund is benchmarked against the NIFTY 500. Its alpha and beta on this page are measured against that index.
Who manages Franklin India Focused Equity Fund?
Franklin India Focused Equity Fund is managed by Sandeep Manam, Venkatesh Sanjeevi and Ajay Argal at Franklin Templeton.
How is Franklin India Focused Equity Fund taxed?
Franklin India Focused 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.