HybridMulti Asset AllocationDirectIDCWHigh

Franklin India Multi Asset Allocation Fund

Q: What is the NAV of Franklin India Multi Asset Allocation Fund?

As of 01 Oct 2026, the NAV of Franklin India Multi Asset Allocation Fund is ₹10.67 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Franklin India Multi Asset Allocation Fund delivered?

Franklin India Multi Asset Allocation Fund has returned +4.55% over 1 year and +5.68% 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 Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund charges an expense ratio of 0.54% 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 Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund's largest holdings are Nippon India ETF Gold Bees (14.0%), State Bank of India (3.5%), HDFC Bank Ltd (3.4%), Nippon India Silver ETF (3.3%) and ICICI Bank Ltd ! (3.0%). Holdings are disclosed monthly and change over time.

Q: How risky is Franklin India Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.0% and its worst peak-to-trough fall in our sample was -11.5%. 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 Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund is benchmarked against the 65% Nifty 500+ 20% Nifty Short Duration Index+ 5% Domestic price of gold+ 5% Domestic price of silver+ 5% iCOMDEX. Its alpha and beta on this page are measured against that index.

Q: Who manages Franklin India Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund is managed by R Janakiraman, Rajasa Kakulavarapu, Rohan Maru, Pallab Roy and Sandeep Manam at Franklin Templeton.

Q: How is Franklin India Multi Asset Allocation Fund taxed?

Franklin India Multi Asset Allocation 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 Multi Asset Allocation Mutual Funds

NAV

₹10.67

-0.80% 1D

as of 01 Oct 2026

This is the Direct plan of Franklin India Multi Asset Allocation Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

Compare SIP calculator

Performance

+5.44%CAGR

52-week rangePrev NAV ₹10.75

Latest ₹10.67

Low ₹10.1539th percentile of its 52-week rangeHigh ₹11.47

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.54%

Category —

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

22.02

Category —

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

—

Category —

Scheme Info

Definitions

Plan

Direct · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

In respect of each purchase of Units • Upto 10% of the Units may be redeemed without any exit load within 1 year from the date of allotment*. • Any redemption in excess of the above limit shall be subject to the following exit load: o 0.50 % - if redeemed on or before 1 year from the date of allotment o Nil - if redeemed after 1 year from the date of allotment * This condition is applicable on a yearly basis. In case of multiple transactions, Units will be redeemed on First In First Out (FIFO) basis the date of allotment of such units. If the limit is not availed during a year, it shall not be clubbed or carried forward to the next year.

Up to 0.50%

tiered — see the full terms

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 500+ 20% Nifty Short Duration Index+ 5% Domestic price of gold+ 5% Domestic price of silver+ 5% iCOMDEX

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.

31 Jul 2025

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

Definitions

Absolute return over the last 1 month (not annualized)

-5.08%

Absolute return over the last 3 months (not annualized)

-3.20%

Absolute return over the last 6 months (not annualized)

+2.19%

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

-2.43%

Annualized returns (≥1Y — CAGR)

Definitions

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

+4.55%

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.

+5.68%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.01%

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

-11.55%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

—

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 50 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Multi Asset Allocation)

Period	Fund	Category avg.	Diff
1M abs	-5.08%	—	—
3M abs	-3.20%	—	—
6M abs	+2.19%	—	—
1Y CAGR	+4.55%	—	—
3Y CAGR	—	—	—
5Y CAGR	—	—	—

Category average across peers in Multi Asset Allocation, 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

₹1.20L

Current value

₹1.17L

Absolute

-2.20%

XIRR

-4.74%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Franklin India Multi Asset Allocation 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	Nifty 50 TRI	Diff
2026part	-2.43%	-12.85%	+10.42%
2025part	+9.34%	—	—

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; those years show no benchmark comparison.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Expense ratio up: 0.43% → 0.54%
30 Sep 2026

History points

287

Expense ratio

0.54%

AUM

₹2,778Cr

Portfolio turnover

42%

Exit load

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

P/E ratio

22.0

P/B ratio

4.5

Avg market cap

₹3,89,500Cr

P/E & P/B are portfolio-weighted harmonic means across 42 of 46 equity holdings (64% 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 · Multi Asset Allocation

Compare all


Franklin India Multi Asset Allocation FundThis fund Franklin Templeton · Direct · IDCW	—	+4.55%	—	—	—	0.54%	₹2,778Cr
Quant Multi Asset Allocation Fund quant · Direct · IDCW	—	+12.92%	+21.37%	+18.95%	—	1.13%	₹5,474Cr
Nippon India Multi Asset Allocation Fund Nippon India · Direct · IDCW	—	+2.23%	+16.03%	+13.68%	—	0.47%	₹15,069Cr
DSP Multi Asset Allocation Fund DSP · Direct · IDCW	—	+8.42%	+15.53%	—	—	0.63%	₹9,515Cr
Kotak Multi Asset Allocation Fund Kotak Mahindra · Direct · IDCW	—	+3.75%	+14.77%	—	—	0.64%	₹13,629Cr
SBI Multi Asset Allocation Fund SBI · Direct · IDCW	—	+7.18%	+14.17%	+12.84%	—	0.68%	₹17,976Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap71.6%
Mid cap11.2%
Small cap17.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity67.99%
Debt30.34%
Real Estate / REITs1.96%

Cash & cash-like: 1.19% — the 0.00% above plus treasury bills, certificates of deposit, commercial paper and TREPS, which the allocation files under Debt but the market counts as cash-equivalent.

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Franklin India Flexi Cap Fund Franklin Templeton · Flexi Cap Fund	71.5%	★★★☆☆	0.99%	+9.34%
Franklin India ELSS Tax Saver Fund Franklin Templeton · ELSS	64.9%	★★★☆☆	1.15%	+9.09%
Franklin India Conservative Hybrid Fund Franklin Templeton · Conservative Hybrid Fund	61.4% of 19% equity	★★★☆☆	0.82%	+7.43%
Franklin India Retirement Fund Franklin Templeton · Retirement Fund	60.7% of 35% equity	★★☆☆☆	1.52%	+7.03%
Franklin India Aggressive Hybrid Fund Franklin Templeton · Aggressive Hybrid Fund	60.6% of 70% equity	★★★☆☆	1.12%	+8.57%
Franklin India Balanced Advantage Fund Franklin Templeton · Dynamic Asset Allocation or Balanced Advantage	59.5% of 67% equity	★★★★☆	0.80%	+8.71%
Franklin India Large Cap Fund Franklin Templeton · Large Cap Fund	48.1%	★★☆☆☆	1.45%	+8.29%
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	47.7%	★★★★☆	0.63%	+8.81%

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 — 1.17% 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 I1.17%

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.

-11.6%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months 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

₹2,778Cr

April - June 2026

+6%

since January - March 2026

+₹229.08Cr

est. net flow, last quarter

At or near its largest, ₹2,778Cr 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.

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

RJR JanakiramanManaging since 31 Jul 2025

Role

SVP & CIO, Emerging Market Equities – India

Education

Post Graduate Diploma in Management from IIM - Calcutta; Bachelor in Business Studies from Shaheed Sukhdev College of Business Studies, University of Delhi B.Tech. (ECE) from NIT

Experience

SVP & CIO, Emerging Market Equities – India (based at Chennai) Prior assignments: • Investment Manager, Indian Syntans Invt Pvt. Ltd. (2000-2007). Responsible investment analysis and managing investments of company. • Citicorp Information Tech Ltd. (Nov 1999 –Feb 2000). Provided domain knowledge to CITIL’s software development team. • Senior Executive. UTI Securities Exchange Ltd. (1997 –1999). Responsible for investment research of certain industrial sectors & later was part of the team responsible equity sales function. She is responsible for equity research support and fund

Funds managed (9)

All schemes R Janakiraman runs →

RKRajasa KakulavarapuStart date not disclosed

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 →

RMRohan MaruManaging since 31 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 31 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 →

SMSandeep ManamManaging since 31 Jul 2025

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

R Janakiraman Rajasa Kakulavarapu Rohan Maru Pallab Roy Sandeep Manam

Top holdings

State Bank of India HDFC Bank Ltd ICICI Bank Ltd !Reliance Industries Ltd Axis Bank Ltd !Eternal Ltd Larsen & Toubro Ltd Mahindra & Mahindra Ltd Ultratech Cement Ltd Hindustan Aeronautics Ltd Bharti Airtel Ltd HCL Technologies 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 Multi Asset Allocation funds

Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.

Frequently asked questions

What is the NAV of Franklin India Multi Asset Allocation Fund?

As of 01 Oct 2026, the NAV of Franklin India Multi Asset Allocation Fund is ₹10.67 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Franklin India Multi Asset Allocation Fund delivered?

Franklin India Multi Asset Allocation Fund has returned +4.55% over 1 year and +5.68% 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 Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund charges an expense ratio of 0.54% 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 Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund's largest holdings are Nippon India ETF Gold Bees (14.0%), State Bank of India (3.5%), HDFC Bank Ltd (3.4%), Nippon India Silver ETF (3.3%) and ICICI Bank Ltd ! (3.0%). Holdings are disclosed monthly and change over time.

How risky is Franklin India Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.0% and its worst peak-to-trough fall in our sample was -11.5%. 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 Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund is benchmarked against the 65% Nifty 500+ 20% Nifty Short Duration Index+ 5% Domestic price of gold+ 5% Domestic price of silver+ 5% iCOMDEX. Its alpha and beta on this page are measured against that index.

Who manages Franklin India Multi Asset Allocation Fund?

Franklin India Multi Asset Allocation Fund is managed by R Janakiraman, Rajasa Kakulavarapu, Rohan Maru, Pallab Roy and Sandeep Manam at Franklin Templeton.

How is Franklin India Multi Asset Allocation Fund taxed?

Franklin India Multi Asset Allocation 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.