Franklin India Balanced Advantage Fund Direct Growth

Franklin India Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 6 September, 2022. The fund is managed by Rahul Goswami, Chandni Gupta. This fund gives you the benefit of diversification.

1. Franklin India Balanced Advantage Fund Direct Growth has ₹2671 Cr worth of assets under management (AUM) as on May 2025 and is less than category average.
2. The fund has an expense ratio 0.4.
   

Franklin India Balanced Advantage Fund Direct Growth has given a CAGR return of 15.64% since inception. Over the last 1 year the fund has given a CAGR return of 8.57%.

Franklin India Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Financial Services, Consumer Cyclical, Industrial, Tech, Government, Health, Communication, Utilities, Energy, Basic Materials, Consumer Defensive, Real Estate.

As it is a dynamic asset allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The Scheme intends to generate long-term capital appreciation and income generation by investing in a dynamically managed portfolio of equity & equity related instruments and fixed income and money market instruments. There can be no assurance that the investment objective of the scheme will be realized.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Franklin India Balanced Advantage Fund Direct Growth has no lock in period.