Franklin India Arbitrage Fund
Franklin Templeton Mutual Fund · Best Arbitrage Mutual Funds
NAV history
Scorecard
★★★★★5/5 vs 36 of 38 Arbitrage 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 Arbitrage 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. 36 of the 38 Arbitrage Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
Not enough Arbitrage Fund peers to rank yet
Volatility 1.0% vs 1.1% category avg
1.2% expense vs 1.5% 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
- Ranks #3 of 38 on 1-year return in its Arbitrage Fund cohort
- Low expense ratio (1.16%) vs the Arbitrage Fund average of 1.54%
Concerns
- Weaker risk-adjusted returns — Sharpe 0.41 below the Arbitrage Fund average of 0.63
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Risk (trailing 3Y)
DefinitionsBenchmark ratios
Not shown for Arbitrage 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 (Arbitrage Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.59% | +0.51% | +0.08% |
| 3M abs | +1.82% | +1.67% | +0.15% |
| 6M abs | +3.32% | +3.12% | +0.20% |
| 1Y CAGR | +6.92% | +6.50% | +0.42% |
| 3Y CAGR | — | +7.28% | — |
| 5Y CAGR | — | +6.54% | — |
Category average across peers in Arbitrage Fund (up to 38 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 38 peers in Arbitrage Fund
Rolling returns
Return for every possible 1Y holding period, not just today’s
10 overlapping 1Y windows, sampled monthly across the fund’s history.
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 Arbitrage 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 | +4.41% | |
| 2025 | +7.19% | |
| 2024part | +0.70% |
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 equityThis 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.
Flat, on the whole gain
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.
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹1,275Cr in April - June 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.
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.
Franklin Templeton Mutual Fund has declared income distribution under its few schemes
Value Research · 1d ago
Franklin Templeton National Mutual Fund Olympiad returns for second edition, targets 50,000 students
Indiablooms · 1d ago
Franklin Templeton AMC announces change in name of Ultimate Parent company
Investment Guru · 2d ago
Top 10 mutual fund updates on August 19: Global fund reopenings, name changes, and other key developments
Upstox · 2d ago
Franklin India Short Term Fund - Direct Plan Portfolio
The Economic Times · 2d ago
Franklin India Low Duration Fund - Direct Plan
CNBC TV18 · 11d ago
Franklin Templeton sells 772,229 Gateway Distriparks shares
scanx.trade · 12d ago
Franklin Templeton MF introduces India Short Term Fund
Investment Guru · 16d ago
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 Arbitrage funds
Arbitrage funds profit from small price gaps between the cash and futures markets rather than from market direction. Returns are usually modest and cash-like, but they are taxed as equity.
Frequently asked questions
What is the NAV of Franklin India Arbitrage Fund?
As of 20 Aug 2026, the NAV of Franklin India Arbitrage Fund is ₹11.27 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Franklin India Arbitrage Fund delivered?
Franklin India Arbitrage Fund has returned +6.92% over 1 year and +7.07% 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 Arbitrage Fund?
Franklin India Arbitrage Fund charges an expense ratio of 1.16% 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 Arbitrage Fund?
Its largest holdings are Franklin India Money Market Fund Direct-Growth (11.4%), HDFC Bank Ltd (6.6%), ICICI Bank Ltd (6.4%), Reliance Industries Ltd (5.2%) and Union Bank of India (16/03/2027) ** # (3.4%). Holdings are disclosed monthly and change over time.
How risky is Franklin India Arbitrage Fund?
It is rated moderately high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 1.0% and its worst peak-to-trough fall in our sample was -0.4%. 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 0.41 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Franklin India Arbitrage Fund's 0.41 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Franklin India Arbitrage Fund?
Franklin India Arbitrage Fund is benchmarked against the NIFTY 50 Arbitrage Total Return Index . Its alpha and beta on this page are measured against that index.
Who manages Franklin India Arbitrage Fund?
Franklin India Arbitrage Fund is managed by Mukesh Jain, Rohan Maru, Pallab Roy and Rajasa Kakulavarapu at Franklin Templeton.
How is Franklin India Arbitrage Fund taxed?
Franklin India Arbitrage 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.