HybridConservative Hybrid FundDirectIDCWModerately High

Franklin India Conservative Hybrid Fund

Q: What is the NAV of Franklin India Conservative Hybrid Fund?

As of 01 Oct 2026, the NAV of Franklin India Conservative Hybrid Fund is ₹14.04 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin India Conservative Hybrid Fund delivered?

Franklin India Conservative Hybrid Fund has returned -6.20% over 1 year, -0.63% per year over 3 years, -0.79% per year over 5 years and +0.91% 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 Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund charges an expense ratio of 0.82% 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 Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund's largest holdings are 7.82% Bajaj Finance Ltd (31-Jan-2034) (7.5%), Indian Bank (06-Nov-2026) (7.1%), 0.00% Jubilant Bevco Ltd (31-May-2028) (6.9%), 7.48% National Bank For Agriculture & Rural Development (15-Sep-2028) (5.1%) and 7.68% Small Industries Development Bank Of India (10-Aug-2027) (4.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin India Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.2% and its worst peak-to-trough fall in our sample was -16.3%. 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 -1.68 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Conservative Hybrid Fund's -1.68 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Franklin India Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund is benchmarked against the CRISIL Hybrid 85+15 - Conservative Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Franklin India Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund is managed by Rohan Maru, Pallab Roy, Rahul Goswami, Rajasa Kakulavarapu, Venkatesh Sanjeevi and Sandeep Manam at Franklin Templeton.

Q: How is Franklin India Conservative Hybrid Fund taxed?

Franklin India Conservative Hybrid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Franklin Templeton Mutual Fund · Best Conservative Hybrid Mutual Funds

NAV

₹14.04

-0.18% 1D

as of 01 Oct 2026

This is the Direct plan of Franklin India Conservative Hybrid Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed monthly, 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 (+7.43% 3Y CAGR)

NAV history

-5.94%CAGR

52-week rangePrev NAV ₹14.06

Latest ₹14.04

Low ₹14.040th percentile of its 52-week rangeHigh ₹15.14

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

Performance—

Not enough Conservative Hybrid Fund peers to rank yet

Risk—

Volatility 4.2% (no category average yet)

Cost—

0.8% expense (no category average yet)

ConsistencyLow

64% 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 64% of rolling 3-year windows

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.82%

Category —

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

—

Category —

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

-1.68

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

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

None

Exit Load

None

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

₹10,000

CRISIL Hybrid 85+15 - Conservative 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)

-1.79%

Absolute return over the last 3 months (not annualized)

-2.37%

Absolute return over the last 6 months (not annualized)

-0.54%

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

-5.70%

Annualized returns (≥1Y — CAGR)

Definitions

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

-6.20%

3-year annualized return (CAGR)

-0.63%

5-year annualized return (CAGR)

-0.79%

10-year annualized return (CAGR)

-0.60%

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.

+0.91%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

4.25%

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

-1.68

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

-2.04

Largest peak-to-trough decline over full history

-16.29%

Benchmark ratios

Not shown for Conservative Hybrid Fund — a debt, arbitrage or cash-like fund isn't measured against an equity index, so alpha/beta vs one would be noise rather than signal.

Fund vs category average (Conservative Hybrid Fund)

Period	Fund	Category avg.	Diff
1M abs	-1.79%	—	—
3M abs	-2.37%	—	—
6M abs	-0.54%	—	—
1Y CAGR	-6.20%	—	—
3Y CAGR	-0.63%	—	—
5Y CAGR	-0.79%	—	—

Category average across peers in Conservative Hybrid Fund, 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

₹5.80L

Absolute

-3.30%

XIRR

-1.36%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin India Conservative Hybrid 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
2026part	-5.70%
2025	-1.52%
2024	+3.29%
2023	+4.06%
2022	-2.55%
2021	+1.35%
2020	+0.36%
2019	+1.47%
2018	-4.80%
2017	+1.30%

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.

History points

3,385

Expense ratio

0.82%

AUM

₹165.30Cr

YTM (from holdings)

7.59%

Average maturity

2.00 years

Exit load

Nil

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

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

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 · Conservative Hybrid Fund

Compare all


Franklin India Conservative Hybrid FundThis fund Franklin Templeton · Direct · Monthly IDCW	—	-6.20%	-0.63%	-0.79%	—	0.82%	₹165.30Cr
SBI Conservative Hybrid Fund SBI · Direct · IDCW	—	+4.31%	+8.07%	+8.46%	—	0.99%	₹9,722Cr
SBI Conservative Hybrid Fund SBI · Direct · IDCW	—	+4.31%	+8.07%	+8.46%	—	0.99%	₹9,722Cr
UTI Conservative Hybrid Fund - Direct Plan - Monthly Payment UTI · Direct · IDCW	—	+0.75%	+7.33%	+6.80%	—	—	₹1.31Cr
Bank of India Conservative Hybrid Fund Bank of India · Direct · Annual IDCW	—	+2.43%	+6.26%	+9.48%	—	1.18%	₹64.73Cr
Bank of India Conservative Hybrid Fund Bank of India · Direct · Monthly IDCW	—	+2.43%	+6.26%	+9.48%	—	1.18%	₹64.73Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap66.8%
Mid cap18.8%
Small cap14.4%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Debt58.33%
Cash & Equivalents20.56%
Equity19.29%
Other1.82%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Franklin India Retirement Fund Franklin Templeton · Retirement Fund	93.5% of 35% equity	★★☆☆☆	1.52%	+7.03%
Franklin India Aggressive Hybrid Fund Franklin Templeton · Aggressive Hybrid Fund	85.1% of 70% equity	★★★☆☆	1.12%	+8.57%
Franklin India Balanced Advantage Fund Franklin Templeton · Dynamic Asset Allocation or Balanced Advantage	83.2% of 67% equity	★★★★☆	0.80%	+8.71%
Franklin India ELSS Tax Saver Fund Franklin Templeton · ELSS	65.7%	★★★☆☆	1.15%	+9.09%
Franklin India Flexi Cap Fund Franklin Templeton · Flexi Cap Fund	65.3%	★★★☆☆	0.99%	+9.34%
Franklin India Multi Asset Allocation Fund Franklin Templeton · Multi Asset Allocation	61.4% of 68% equity	★★☆☆☆	0.54%	—
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	52.9%	★★★★☆	0.63%	+8.81%
Sundaram ELSS Tax Saver Fund Sundaram · ELSS	48.9%	★★☆☆☆	1.78%	+7.03%

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 — 0.40% 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 I0.40%

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.

-16.3%08 Sep 2016 → 23 Mar 2020
Fell over 3.5 years, back to the old high on 13 Jun 2024 — 4.2 years under water after the low.
-9.6%17 May 2013 → 19 Aug 2013
Fell over 3 months, back to the old high on 09 May 2014 — 9 months under water after the low.
-9.3%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.

Fund size over time

Quarterly average AUM · AMFI

₹165.30Cr

April - June 2026

-10%

since January - March 2026

−₹11.12Cr

est. net flow, last quarter

Down +10% from its peak of ₹182.75Cr 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

RMRohan MaruManaging since 10 Oct 2024

Role

Vice President Portfolio Manager Fixed Income

Total experience

17.5 years

Education

PGeMBA – Mumbai Education Trust (Finance) Masters in Commerce – RA Podar College, Mumbai University Bachelors in management studies – VES College, Mumbai University.

Experience

Vice President- Portfolio Manager, Fixed Income (based in Mumbai). Prior Assignments (last 10 years): ICICI Prudential Asset Management Company Pvt Ltd (05 November 2012 till 27 September 2024) Vice President- Portfolio Manager, Fixed Income (based in Mumbai).

Funds managed (12)

All schemes Rohan Maru runs →

PRPallab RoyManaging since 07 Mar 2024

Role

Assistant Vice President and Portfolio Manager Fixed Income

Education

MBA (Fin.), Assistant Vice President M.Com., DBF

Experience

Assistant Vice President and Portfolio Manager - Fixed Income (based at Mumbai). Prior assignments: • Franklin Templeton Asset Management (India) Pvt. Ltd. (June 2001 – till date). Responsible for Liquidity Management & Portfolio MIS – Fixed Income funds. Chief Investment Officer & Managing Director – Fixed Income (based at Mumbai).

Funds managed (8)

All schemes Pallab Roy runs →

RGRahul GoswamiManaging since 10 Nov 2023

Role

Chief Investment Officer Managing Director Fixed Income

Total experience

30 years

Education

BSc. (Mathematics), MBA (Finance)

Experience

Chief Investment Officer & Managing Director – Fixed Income • ICICI Prudential Asset Management Co. Ltd - Chief Investment Officer- Fixed Income (Sep 2012 - Jul 2023) • Standard Chartered Bank – Head – Primary Dealer (Nov 2009 -Sep 2012) • ICICI Prudential Asset Management Co. Ltd – Sr. Fund Manager (Jul 2004- Nov 2009) Franklin Templeton Asset Management Co. (I) Pvt. Ltd - Asst. Vice President – Fixed Income (Oct 2002- Jul 2004) Vice President & Sr Research Analyst

Funds managed (8)

All schemes Rahul Goswami runs →

RKRajasa KakulavarapuManaging since 06 Sep 2021

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 →

SMSandeep ManamManaging since 18 Oct 2021

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 →

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

Rohan Maru Pallab Roy Rahul Goswami Rajasa Kakulavarapu Venkatesh Sanjeevi Sandeep Manam

Top holdings

HDFC Bank Ltd ICICI Bank Ltd Axis Bank Ltd State Bank of India Reliance Industries Ltd Eternal Ltd Infosys Ltd Mahindra & Mahindra Ltd Bharat Electronics Ltd Larsen & Toubro Ltd Bharti Airtel Ltd Marico 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 Conservative Hybrid funds

Conservative hybrid funds keep most of the portfolio (75–90%) in debt with a small equity slice. They aim for steadier returns than equity with a little extra growth over pure debt.

Frequently asked questions

What is the NAV of Franklin India Conservative Hybrid Fund?

As of 01 Oct 2026, the NAV of Franklin India Conservative Hybrid Fund is ₹14.04 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin India Conservative Hybrid Fund delivered?

Franklin India Conservative Hybrid Fund has returned -6.20% over 1 year, -0.63% per year over 3 years, -0.79% per year over 5 years and +0.91% 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 Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund charges an expense ratio of 0.82% 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 Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund's largest holdings are 7.82% Bajaj Finance Ltd (31-Jan-2034) (7.5%), Indian Bank (06-Nov-2026) (7.1%), 0.00% Jubilant Bevco Ltd (31-May-2028) (6.9%), 7.48% National Bank For Agriculture & Rural Development (15-Sep-2028) (5.1%) and 7.68% Small Industries Development Bank Of India (10-Aug-2027) (4.9%). Holdings are disclosed monthly and change over time.

How risky is Franklin India Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.2% and its worst peak-to-trough fall in our sample was -16.3%. 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 -1.68 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Conservative Hybrid Fund's -1.68 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Franklin India Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund is benchmarked against the CRISIL Hybrid 85+15 - Conservative Index. Its alpha and beta on this page are measured against that index.

Who manages Franklin India Conservative Hybrid Fund?

Franklin India Conservative Hybrid Fund is managed by Rohan Maru, Pallab Roy, Rahul Goswami, Rajasa Kakulavarapu, Venkatesh Sanjeevi and Sandeep Manam at Franklin Templeton.

How is Franklin India Conservative Hybrid Fund taxed?

Franklin India Conservative Hybrid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.