Franklin India Medium to Long Term Fund
This is the Direct plan of Franklin India Medium to Long Term 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.
NAV history
Scorecard
★★★★★5/5 vs 13 Medium to Long Term Fund peers1Y- 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 Medium to Long Term Fund (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers.
Not enough Medium to Long Term Fund peers to rank yet
Volatility 1.9% vs 2.1% category avg
0.3% expense vs 0.7% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- 1-year return (+4.14%) beats the Medium to Long Term Fund average (+3.59%)
- Less volatile than its Medium to Long Term Fund peers (1.9% vs 2.1%)
- Low expense ratio (0.34%) vs the Medium to Long Term Fund average of 0.73%
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Medium to Long Term Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.57% | -0.35% | -0.22% |
| 3M abs | -0.36% | -0.46% | +0.10% |
| 6M abs | +3.80% | +3.64% | +0.16% |
| 1Y CAGR | +4.14% | +3.59% | +0.55% |
| 3Y CAGR | — | +6.61% | — |
| 5Y CAGR | — | +5.83% | — |
Category average across peers in Medium to Long Term Fund (up to 12 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 12 peers in Medium to Long Term Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
12 monthly installments of ₹10,000 into Franklin India Medium to Long Term 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 | +3.11% | |
| 2025 | +7.39% | |
| 2024part | +1.66% |
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.
Taxation
Taxed as debtThis 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.
Your income-tax slab — no LTCG or indexation benefit
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt89.36%
- Cash & Equivalents10.64%
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
ATAnuj TagraStart date not disclosed
Vice President- Portfolio Manager, Fixed Income
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.
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
- Franklin India Aggressive Hybrid Fund
- Franklin India Balanced Advantage Fund
- Franklin India Banking & PSU Debt Fund
- Franklin India Equity Savings Fund
- Franklin India Retirement Fund
- Franklin India Short Term Fund
- Franklin India Arbitrage Fund - Direct Plan - Growth
- Franklin India Conservative Hybrid Fund - Direct Plan - Growth
- Franklin India Corporate Debt Fund - Direct - Bonus
- Franklin India Income Plus Arbitrage Active Fund of Funds - Direct Plan - Growth
- Franklin India Liquid Fund - Direct Plan - Super Institutional Growth
- Franklin India Low Duration Fund - Growth Plan
- Franklin India Money Market Fund - Direct Plan - Retail Plan Growth
- Franklin India Multi Asset Allocation Fund - Direct Plan - Growth
- Franklin India Overnight Fund - Direct Plan - Growth
CGChandni GuptaStart date not disclosed
Vice President- Portfolio Manager, Fixed Income
CFA Program, CFA institute USA
Vice President- Portfolio Manager, Fixed Income (based in Mumbai). She is responsible for Portfolio Management -Fixed Income. Prior Assignments (Last 10 years) ICICI Prudential Mutual Fund- AVP-Fund Manager, Fixed Income - October 2012-February 2024. Chief Investment Officer – Fixed Income (based at Mumbai). He is responsible for overseeing Fixed Income Fund Management. With effect from August 1, 2023. Prior assignments: • ICICI Prudential Asset Management Co. Ltd - Chief Investment Officer- Fixed Income - September 2012 to July 2023 • Standard Chartered Bank – Head Primary Dealer – November 2009 to September 2012. • ICICI Prudential Asset Management Co. Ltd - Senior Fund Manager – July 2004 to November 2009. • Franklin Templeton Asset Management Co. (I) Pvt. Ltd - Asst. Vice President – Fixed Income - October 2002 to July 2004. Vice President- Portfolio Manager, Fixed Income (based in Mumbai).
- Franklin India Aggressive Hybrid Fund
- Franklin India Balanced Advantage Fund
- Franklin India Banking & PSU Debt Fund
- Franklin India Long Duration Fund
- Franklin India Money Market Fund
- Franklin India Ultra Short to Short Term Fund
- Franklin India Conservative Hybrid Fund - Direct Plan - Growth
- Franklin India Corporate Debt Fund - Direct - Bonus
- Franklin India Equity Savings Fund - Direct Plan - Growth
- Franklin India Income Plus Arbitrage Active Fund of Funds - Direct Plan - Growth
- Franklin India Low Duration Fund - Growth Plan
- Franklin India Retirement Fund - Direct Plan - Growth
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.
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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.
About Debt funds
Debt funds lend to governments and companies and earn interest. They're generally steadier than equity funds and are used for shorter horizons and stability.
Frequently asked questions
What is the NAV of Franklin India Medium to Long Term Fund?
As of 05 Oct 2026, the NAV of Franklin India Medium to Long Term Fund is ₹11.26 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Franklin India Medium to Long Term Fund delivered?
Franklin India Medium to Long Term Fund has returned +4.14% over 1 year and +6.01% 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 Medium to Long Term Fund?
Franklin India Medium to Long Term Fund charges an expense ratio of 0.34% 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 Medium to Long Term Fund?
Franklin India Medium to Long Term Fund's largest holdings are 7.86% Haryana SDL (29-Jun-2032) (12.2%), 7.02% Punjab SDL (01-Jul-2030) (11.9%), 7.15% Tamil Nadu SDL (22-Jan-2035) (8.2%), 0.00% Jubilant Bevco Ltd (31-May-2028) (7.5%) and 8.42% Andhra Pradesh SDL (08-Aug-2029) (7.4%). Holdings are disclosed monthly and change over time.
How risky is Franklin India Medium to Long Term Fund?
Franklin India Medium to Long Term Fund is rated moderate on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.9% and its worst peak-to-trough fall in our sample was -1.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Franklin India Medium to Long Term Fund?
Franklin India Medium to Long Term Fund is benchmarked against the CRISIL Medium to Long Duration Debt A-III Index. Its alpha and beta on this page are measured against that index.
Who manages Franklin India Medium to Long Term Fund?
Franklin India Medium to Long Term Fund is managed by Anuj Tagra and Chandni Gupta at Franklin Templeton.
How is Franklin India Medium to Long Term Fund taxed?
Franklin India Medium to Long Term 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.