HybridEquity SavingsDirectIDCWModerately High

Franklin India Equity Savings Fund

Q: What is the NAV of Franklin India Equity Savings Fund?

As of 01 Oct 2026, the NAV of Franklin India Equity Savings Fund is ₹13.44 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin India Equity Savings Fund delivered?

Franklin India Equity Savings Fund has returned -3.48% over 1 year, +1.89% per year over 3 years, +1.18% per year over 5 years and +3.72% 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 Equity Savings Fund?

Franklin India Equity Savings 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 Equity Savings Fund?

Franklin India Equity Savings Fund's largest holdings are Axis Bank Ltd (6.5%), 7.37% GOI 2028 (23-Oct-2028) (4.5%), 0.00% Jubilant Bevco Ltd (31-May-2028) (4.4%), Bharti Airtel Ltd (4.4%) and NTPC Ltd (4.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin India Equity Savings Fund?

Franklin India Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.0% and its worst peak-to-trough fall in our sample was -16.7%. 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 -1.51 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Equity Savings Fund's -1.51 means it has not compensated investors for its volatility over the window. Higher is better.

Q: What is the benchmark of Franklin India Equity Savings Fund?

Franklin India Equity Savings Fund is benchmarked against the Nifty Equity Savings Index. Its alpha and beta on this page are measured against that index.

Q: Who manages Franklin India Equity Savings Fund?

Franklin India Equity Savings Fund is managed by Rajasa Kakulavarapu, Venkatesh Sanjeevi, Anuj Tagra, Rohan Maru and Sandeep Manam at Franklin Templeton.

Q: How is Franklin India Equity Savings Fund taxed?

Franklin India Equity Savings 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 Equity Savings Mutual Funds

NAV

₹13.44

-0.31% 1D

as of 01 Oct 2026

This is the Direct plan of Franklin India Equity Savings 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 (+6.90% 3Y CAGR)

NAV history

-3.32%CAGR

52-week rangePrev NAV ₹13.48

Latest ₹13.44

Low ₹13.440th percentile of its 52-week rangeHigh ₹14.08

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 Equity Savings peers to rank yet

Risk—

Volatility 3.0% (no category average yet)

Cost—

0.8% expense (no category average yet)

ConsistencyHigh

100% 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 100% of rolling 3-year windows

Concerns

No significant concerns identified.

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

18.30

Category —

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

-1.51

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

₹5,000

Nifty Equity Savings 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.

27 Aug 2018

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

Definitions

Absolute return over the last 1 month (not annualized)

-1.78%

Absolute return over the last 3 months (not annualized)

-1.90%

Absolute return over the last 6 months (not annualized)

-1.18%

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

-3.96%

Annualized returns (≥1Y — CAGR)

Definitions

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

-3.48%

3-year annualized return (CAGR)

+1.89%

5-year annualized return (CAGR)

+1.18%

10-year annualized return (CAGR)

—

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.

+3.72%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

3.04%

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

-1.51

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

-1.83

Largest peak-to-trough decline over full history

-16.70%

Benchmark ratios

Not shown for Equity Savings — 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 (Equity Savings)

Period	Fund	Category avg.	Diff
1M abs	-1.78%	—	—
3M abs	-1.90%	—	—
6M abs	-1.18%	—	—
1Y CAGR	-3.48%	—	—
3Y CAGR	+1.89%	—	—
5Y CAGR	+1.18%	—	—

Category average across peers in Equity Savings, 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

₹6.13L

Absolute

+2.12%

XIRR

+0.86%

Value vs. invested

ValueInvested

60 monthly installments of ₹10,000 into Franklin India Equity Savings 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	-3.96%
2025	+0.29%
2024	+7.88%
2023	+3.98%
2022	-1.74%
2021	+8.50%
2020	+10.36%
2019	+5.42%
2018part	+0.29%

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

1,990

Expense ratio

0.82%

AUM

₹627.88Cr

Portfolio turnover

637%

Exit load

Nil

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

P/E ratio

18.3

P/B ratio

4.1

Avg market cap

₹4,23,411Cr

P/E & P/B are portfolio-weighted harmonic means across 44 of 49 equity holdings (66% 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 · Equity Savings

Compare all


Franklin India Equity Savings FundThis fund Franklin Templeton · Direct · Monthly IDCW	—	-3.48%	+1.89%	+1.18%	—	0.82%	₹627.88Cr
Edelweiss Equity Savings Fund Edelweiss · Direct · IDCW	—	+4.15%	+9.91%	+8.54%	—	1.14%	₹1,344Cr
Kotak Equity Savings Fund Kotak Mahindra · Direct · Monthly IDCW	—	+2.41%	+9.39%	+9.47%	—	1.07%	₹9,931Cr
Invesco India Equity Savings Fund Invesco · Direct · IDCW	—	-0.35%	+8.35%	+7.34%	—	1.51%	₹319.90Cr
UTI - Equity Savings Fund UTI · Direct · Quarterly IDCW	—	+1.85%	+7.65%	+8.22%	—	1.04%	₹821.56Cr
UTI - Equity Savings Fund UTI · Direct · IDCW	—	+1.85%	+7.65%	+8.22%	—	1.04%	₹821.56Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 98% of the equity sleeve priced.

Large cap88.7%
Mid cap9.9%
Small cap1.4%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity68.58%
Debt24.03%
Cash & Equivalents7.38%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
DSP Equity Savings Fund DSP · Equity Savings	55.4% of 71% equity	★★★☆☆	1.11%	+8.09%
HDFC Nifty Top 20 Equal Weight Index Fund HDFC · Index Funds	48.8%	★☆☆☆☆	0.36%	—
ICICI Prudential Equity Savings Fund ICICI Prudential · Equity Savings	47.8% of 74% equity	★★☆☆☆	1.12%	+6.59%
DSP Large Cap Fund DSP · Large Cap Fund	46.8%	★★★☆☆	1.21%	+9.35%
Axis Conservative Hybrid Fund Axis · Conservative Hybrid Fund	46.7% of 19% equity	★★☆☆☆	1.16%	+6.27%
UTI - Equity Savings Fund UTI · Equity Savings	46.7% of 67% equity	★★★★☆	1.04%	+7.65%
HDFC Equity Savings Fund HDFC · Equity Savings	46.4% of 66% equity	★★★☆☆	1.27%	+7.74%
Franklin India Flexi Cap Fund Franklin Templeton · Flexi Cap Fund	46.3%	★★★☆☆	0.99%	+9.34%

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.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.64% 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 I0.64%

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.

-16.7%06 Feb 2020 → 24 Mar 2020
Fell over 2 months, back to the old high on 27 Aug 2020 — 5 months under water after the low.
-9.4%18 Oct 2021 → 20 Jun 2022
Fell over 8 months, back to the old high on 06 Feb 2024 — 1.6 years under water after the low.
-5.1%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

₹627.88Cr

April - June 2026

-6%

since January - March 2026

−₹27.25Cr

est. net flow, last quarter

Down +6% from its peak of ₹668.51Cr 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

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 →

ATAnuj TagraManaging since 30 Apr 2024

Role

Vice President- Portfolio Manager, Fixed Income

Education

BBA (Finance) MBA (Capital Markets) PGeMBA – Mumbai Education Trust (Finance) Master’s in commerce – RA Podar College, Mumbai University Bachelor’s in management studies – VES College, Mumbai University.

Experience

Vice President & Income • ICICI Prudential Asset Management Company Ltd. - AVP-Fund Manager, Fixed Income (Feb 2013 - Feb 2024). • Union Bank of India – Trader - GILTS & OIS (Jun 2009 – Feb 2013) • Fidelity International- CSA – New Accounts, Associate (Jan 2005 – May 2007) AVP & Senior Research Analyst

Funds managed (15)

All schemes Anuj Tagra runs →

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 →

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

Rajasa Kakulavarapu Venkatesh Sanjeevi Anuj Tagra Rohan Maru Sandeep Manam

Top holdings

Axis Bank Ltd Bharti Airtel Ltd NTPC Ltd Kotak Mahindra Bank Ltd Mahindra & Mahindra Ltd !Hindustan Aeronautics Ltd Titan Co Ltd Reliance Industries Ltd !Vodafone Idea Ltd Apollo Hospitals Enterprise Ltd ICICI Bank Ltd RBL Bank 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 Equity Savings funds

Equity savings funds split money across equity, arbitrage and debt. The hedged portion lowers risk, so they sit between hybrid and debt funds on the risk ladder while keeping equity taxation.

Frequently asked questions

What is the NAV of Franklin India Equity Savings Fund?

As of 01 Oct 2026, the NAV of Franklin India Equity Savings Fund is ₹13.44 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin India Equity Savings Fund delivered?

Franklin India Equity Savings Fund has returned -3.48% over 1 year, +1.89% per year over 3 years, +1.18% per year over 5 years and +3.72% 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 Equity Savings Fund?

Franklin India Equity Savings 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 Equity Savings Fund?

Franklin India Equity Savings Fund's largest holdings are Axis Bank Ltd (6.5%), 7.37% GOI 2028 (23-Oct-2028) (4.5%), 0.00% Jubilant Bevco Ltd (31-May-2028) (4.4%), Bharti Airtel Ltd (4.4%) and NTPC Ltd (4.0%). Holdings are disclosed monthly and change over time.

How risky is Franklin India Equity Savings Fund?

Franklin India Equity Savings Fund is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 3.0% and its worst peak-to-trough fall in our sample was -16.7%. 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 -1.51 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Equity Savings Fund's -1.51 means it has not compensated investors for its volatility over the window. Higher is better.

What is the benchmark of Franklin India Equity Savings Fund?

Franklin India Equity Savings Fund is benchmarked against the Nifty Equity Savings Index. Its alpha and beta on this page are measured against that index.

Who manages Franklin India Equity Savings Fund?

Franklin India Equity Savings Fund is managed by Rajasa Kakulavarapu, Venkatesh Sanjeevi, Anuj Tagra, Rohan Maru and Sandeep Manam at Franklin Templeton.

How is Franklin India Equity Savings Fund taxed?

Franklin India Equity Savings 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.