FoFFoF DomesticRegularGrowthVery High

Franklin India Income Plus Arbitrage Active Fund of Funds

Q: What is the NAV of Franklin India Income Plus Arbitrage Active Fund of Funds?

As of 01 Oct 2026, the NAV of Franklin India Income Plus Arbitrage Active Fund of Funds is ₹22.48 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin India Income Plus Arbitrage Active Fund of Funds delivered?

Franklin India Income Plus Arbitrage Active Fund of Funds has returned +5.75% over 1 year, +12.30% per year over 3 years, +9.92% per year over 5 years and +7.08% 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 Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds charges an expense ratio of 0.53% 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 Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds's largest holdings are Franklin India Money Market Fund - Direct-Growth Plan (19.5%), Franklin India Corporate Bond Fund - Direct Plan - Growth (19.5%), Franklin India Arbitrage Fund - Direct Plan - Growth (19.4%), Franklin India Gilt Fund - Direct Plan - Growth (10.3%) and Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth (7.2%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin India Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.4% and its worst peak-to-trough fall in our sample was -27.7%. 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 1.33 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Income Plus Arbitrage Active Fund of Funds's 1.33 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Franklin India Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds is benchmarked against the 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Franklin India Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds is managed by Rohan Maru, Pallab Roy and Rahul Goswami at Franklin Templeton.

Q: How is Franklin India Income Plus Arbitrage Active Fund of Funds taxed?

Franklin India Income Plus Arbitrage Active Fund of Funds 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 Domestic Fund of Funds

NAV

₹22.48

+0.02% 1D

as of 01 Oct 2026

This is the Regular plan of Franklin India Income Plus Arbitrage Active Fund of Funds — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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NAV history

+5.84%CAGR

52-week rangePrev NAV ₹22.48

Latest ₹22.48

Low ₹21.26100th percentile of its 52-week rangeHigh ₹22.48

Scorecard

★★★☆☆3/5 vs 75 of 152 FoF Domestic 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 FoF Domestic (same plan and option). 75 of the 152 FoF Domestic funds in this cohort carry the full record the stars need, so they are the ones ranked against.

PerformanceAverage

3Y CAGR +12.30% · ranks 36 of 75 FoF Domestic funds

RiskLow

Volatility 4.4% vs 17.5% category avg

CostLow

0.5% expense vs 0.7% category avg

ConsistencyModerate

89% 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

Stronger risk-adjusted returns — Sharpe 1.33 vs 0.62 FoF Domestic average
Less volatile than its FoF Domestic peers (4.4% vs 17.5%)
Low expense ratio (0.53%) vs the FoF Domestic average of 0.69%

Concerns

1-year return (+5.75%) trails the FoF Domestic average (+11.32%)
3-year return (+12.30%) trails the FoF Domestic average (+18.81%)
5-year return (+9.92%) trails the FoF Domestic average (+12.71%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.53%

Category 0.69%▼0.16%

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

—

Category —

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

1.33

Category 0.62▲0.71

Scheme Info

Definitions

Plan

Regular · Growth

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

₹5,000

65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage 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.

28 Nov 2014

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

Definitions

Absolute return over the last 1 month (not annualized)

+0.24%

Absolute return over the last 3 months (not annualized)

+1.17%

Absolute return over the last 6 months (not annualized)

+3.24%

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

+4.20%

Annualized returns (≥1Y — CAGR)

Definitions

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

+5.75%

3-year annualized return (CAGR)

+12.30%

5-year annualized return (CAGR)

+9.92%

10-year annualized return (CAGR)

+7.23%

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.

+7.08%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

4.38%

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

1.33

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

2.00

Largest peak-to-trough decline over full history

-27.73%

Benchmark ratios

Not shown for FoF Domestic — 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 (FoF Domestic)

Period	Fund	Category avg.	Diff
1M abs	+0.24%	-3.26%	+3.50%
3M abs	+1.17%	-0.33%	+1.50%
6M abs	+3.24%	+3.64%	-0.40%
1Y CAGR	+5.75%	+11.32%	-5.57%
3Y CAGR	+12.30%	+18.81%	-6.51%
5Y CAGR	+9.92%	+12.71%	-2.79%

Category average across peers in FoF Domestic (151 of 152 carry a figure for at least one period), 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 152 peers in FoF Domestic

1Y return

+5.75%

Beats 62.3% · rank #44

3Y return

+12.30%

Beats 52.7% · rank #36

5Y return

+9.92%

Beats 53.8% · rank #25

Sharpe

1.33

Beats 94.6% · rank #5

Sortino

2.00

Beats 95.9% · rank #4

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

₹7.79L

Absolute

+29.76%

XIRR

+10.69%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin India Income Plus Arbitrage 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
2026part	+4.20%
2025	+14.10%
2024	+11.66%
2023	+14.99%
2022	+3.76%
2021	+25.51%
2020	-13.96%
2019	+8.18%
2018	+0.43%
2017	+11.12%

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

2,863

Expense ratio

0.53%

AUM

₹134.24Cr

Portfolio turnover

Exit load

Nil

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 · FoF Domestic

Compare all


Franklin India Income Plus Arbitrage Active Fund of FundsThis fund Franklin Templeton · Regular · Growth	★★★☆☆	+5.75%	+12.30%	+9.92%	—	0.53%	₹134.24Cr
Mirae Asset NYSE FANG + ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+45.76%	+58.41%	+35.98%	—	0.41%	₹2,418Cr
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Mirae Asset · Regular · Growth	★★★★★	+47.60%	+45.91%	+29.33%	—	0.42%	—
UTI Silver ETF Fund of Fund UTI · Regular · Growth	★★★★★	+47.56%	+42.77%	—	—	0.46%	₹620.81Cr
Axis Silver Fund of Fund Axis · Regular · Growth	★★★★☆	+48.05%	+42.65%	—	—	0.65%	₹1,209Cr
HDFC Silver ETF Fund of Fund HDFC · Regular · Growth	★★★★☆	+47.41%	+42.47%	—	—	0.55%	₹4,593Cr

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other97.84%
Cash & Equivalents2.16%

Cash & cash-like: 19.51% — the 2.16% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Franklin India Arbitrage Fund - Direct Plan - Growth

19.41%

Franklin India Gilt Fund - Direct Plan - Growth

10.29%

Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth

7.21%

Kotak Arbitrage Fund - Direct Plan - Growth

7.02%

Tata Arbitrage Fund - Direct Plan - Growth

6.84%

Franklin India Medium to Long Term Fund - Direct Plan - Growth

0.72%

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.

-27.7%24 Feb 2020 → 19 May 2020
Fell over 3 months, back to the old high on 07 Jul 2021 — 14 months under water after the low.
-5.4%11 Apr 2022 → 17 Jun 2022
Fell over 2 months, back to the old high on 15 Nov 2022 — 5 months under water after the low.
-5.3%31 Aug 2018 → 26 Oct 2018
Fell over 2 months, back to the old high on 15 Mar 2019 — 5 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.

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 04 Jul 2025

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 04 Jul 2025

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 04 Jul 2025

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 →

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

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 Income Plus Arbitrage Active Fund of Funds?

As of 01 Oct 2026, the NAV of Franklin India Income Plus Arbitrage Active Fund of Funds is ₹22.48 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin India Income Plus Arbitrage Active Fund of Funds delivered?

Franklin India Income Plus Arbitrage Active Fund of Funds has returned +5.75% over 1 year, +12.30% per year over 3 years, +9.92% per year over 5 years and +7.08% 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 Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds charges an expense ratio of 0.53% 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 Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds's largest holdings are Franklin India Money Market Fund - Direct-Growth Plan (19.5%), Franklin India Corporate Bond Fund - Direct Plan - Growth (19.5%), Franklin India Arbitrage Fund - Direct Plan - Growth (19.4%), Franklin India Gilt Fund - Direct Plan - Growth (10.3%) and Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth (7.2%). Holdings are disclosed monthly and change over time.

How risky is Franklin India Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 4.4% and its worst peak-to-trough fall in our sample was -27.7%. 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 1.33 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Income Plus Arbitrage Active Fund of Funds's 1.33 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Franklin India Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds is benchmarked against the 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index. Its alpha and beta on this page are measured against that index.

Who manages Franklin India Income Plus Arbitrage Active Fund of Funds?

Franklin India Income Plus Arbitrage Active Fund of Funds is managed by Rohan Maru, Pallab Roy and Rahul Goswami at Franklin Templeton.

How is Franklin India Income Plus Arbitrage Active Fund of Funds taxed?

Franklin India Income Plus Arbitrage Active Fund of Funds 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.