DebtMedium to Long Term FundRegularGrowthModerate

Franklin India Medium to Long Term Fund

Q: What is the NAV of Franklin India Medium to Long Term Fund?

As of 01 Oct 2026, the NAV of Franklin India Medium to Long Term Fund is ₹11.14 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin India Medium to Long Term Fund delivered?

Franklin India Medium to Long Term Fund has returned +3.76% over 1 year and +5.50% 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 Medium to Long Term Fund?

Franklin India Medium to Long Term Fund charges an expense ratio of 0.85% 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 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.

Q: 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 -1.8%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: 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.

Q: 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.

Q: 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.

Franklin Templeton Mutual Fund

NAV

₹11.14

-0.08% 1D

as of 01 Oct 2026

This is the Regular plan of Franklin India Medium to Long Term Fund — 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

+3.95%CAGR

52-week rangePrev NAV ₹11.15

Latest ₹11.14

Low ₹10.7476th percentile of its 52-week rangeHigh ₹11.27

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.

Performance—

Not enough Medium to Long Term Fund peers to rank yet

RiskLow

Volatility 1.9% vs 2.1% category avg

CostLow

0.8% expense vs 1.4% category avg

Consistency—

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 (+3.76%) beats the Medium to Long Term Fund average (+3.04%)
Less volatile than its Medium to Long Term Fund peers (1.9% vs 2.1%)
Low expense ratio (0.85%) vs the Medium to Long Term Fund average of 1.38%

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.85%

Category 1.38%▼0.53%

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

—

Category —

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

—

Category -0.30

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

CRISIL Medium to Long Duration Debt A-III 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.

24 Sep 2024

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

Definitions

Absolute return over the last 1 month (not annualized)

-0.53%

Absolute return over the last 3 months (not annualized)

-0.27%

Absolute return over the last 6 months (not annualized)

+3.12%

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

+2.71%

Annualized returns (≥1Y — CAGR)

Definitions

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

+3.76%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

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.

+5.50%

Advanced metrics — risk

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

1.88%

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

—

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

—

Largest peak-to-trough decline over full history

-1.75%

Benchmark ratios

Not shown for Medium to Long Term 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 (Medium to Long Term Fund)

Period	Fund	Category avg.	Diff
1M abs	-0.53%	-0.38%	-0.15%
3M abs	-0.27%	-0.52%	+0.25%
6M abs	+3.12%	+2.89%	+0.23%
1Y CAGR	+3.76%	+3.04%	+0.72%
3Y CAGR	—	+5.87%	—
5Y CAGR	—	+5.04%	—

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

1Y return

+3.76%

Beats 83.3% · rank #3

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

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

₹1.20L

Current value

₹1.22L

Absolute

+1.60%

XIRR

+3.49%

Value vs. invested

ValueInvested

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	+2.71%
2025	+6.85%
2024part	+1.51%

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

490

Expense ratio

0.85%

YTM (from holdings)

7.85%

Average maturity

8.23 years

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 · Medium to Long Term Fund

Compare all


Franklin India Medium to Long Term FundThis fund Franklin Templeton · Regular · Growth	★★★★★ 1Y	+3.76%	—	—	—	0.85%	—
Bandhan Medium to Long Term Fund Bandhan · Regular · Growth	—	+5.57%	+7.19%	+6.00%	—	2.00%	—
ICICI Prudential Medium to Long Term Fund ICICI Prudential · Regular · Growth	★★★★★	+3.55%	+6.54%	+5.73%	—	1.00%	—
LIC MF Medium to Long Term Fund LIC · Regular · Growth	★★★★☆	+3.93%	+6.36%	+5.52%	—	0.62%	—
HDFC Medium to Long Term Fund HDFC · Regular · Growth	★★★☆☆	+2.86%	+6.10%	+4.76%	—	1.36%	—
SBI Medium to Long Term Fund SBI · Regular · Growth	★★★★☆	+3.37%	+6.02%	+5.39%	—	1.48%	—

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.

Launched

18 Feb 1996

Total AUM

₹1,26,017Cr+2.0% QoQ

Avg AUM · April - June 2026

Website

franklintempletonindia.com

Fund Managers

ATAnuj TagraStart date not disclosed

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 →

CGChandni GuptaStart date not disclosed

Role

Vice President- Portfolio Manager, Fixed Income

Education

CFA Program, CFA institute USA

Experience

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).

Funds managed (12)

All schemes Chandni Gupta runs →

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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Fund managers

Anuj Tagra Chandni Gupta

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.

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 01 Oct 2026, the NAV of Franklin India Medium to Long Term Fund is ₹11.14 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 +3.76% over 1 year and +5.50% 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 0.85% 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 -1.8%. 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.