Franklin India Equity Advantage Fund Direct Growth

Franklin India Equity Advantage Fund Direct Growth

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Equity
Direct
Large & Mid-Cap
NAV: ₹ 186.52 as on 12-06-2024

About the Fund

Franklin India Equity Advantage Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by R. Janakiraman. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Franklin India Equity Advantage Fund Direct Growth has ₹3203 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 1.3.

Returns

Franklin India Equity Advantage Fund Direct Growth has given a CAGR return of 15.55% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.19%, 16.34% and 17.19% respectively.

Holdings

Franklin India Equity Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Financial Services, Industrial, Tech, Health, Basic Materials, Energy, Consumer Defensive, Real Estate, Communication. Its top holdings are Mahindra & Mahindra Ltd, Endurance Technologies Ltd, HDFC Bank Ltd, Zomato Ltd, ICICI Bank Ltd

Taxation

As it is a large & mid-cap mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Franklin India Equity Advantage Fund Direct Growth

To provide medium to long-term capital appreciation by investing primarily in Large and Mid-cap Stocks.

Minimum Investment and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
177 people have invested ₹ 14.5L in Franklin India Equity Advantage Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.

Pros

Beats FD returns for both 3Y & 5Y duration

Cons

5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category

Overview

Expense ratio
Expense ratio
1.29%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹3203 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
72.19%

Franklin India Equity Advantage Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 98.1%

  • Debt & Cash 1.9%

Size breakup

Large cap
50.1%
Mid cap
42.2%
Small cap
5.9%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
26.7%
Consumer Cyclical
26.7%
Industrial
14.4%
Health
8.6%
Tech
7.1%
Basic Materials
6.3%
Energy
3.5%
Consumer Defensive
2.8%
Communication
2.7%
Real Estate
1.4%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
3.11%
0.34%
1.31%
NIFTY 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 3.11% whereas the fund’s underlying benchmark NIFTY 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed NIFTY 500 by 0.65% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 3.2K Cr
₹ 3.1K Cr
₹ 3.2K Cr
  • AUM of the fund stands at 3.2K Cr as of Apr'24
  • AUM increased by 77.7 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Franklin India Equity Advantage Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings46

Mutual Fund Insights

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In the last 1 year, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 71.43% return, outperforming this fund by 34.24%.
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In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 29.57% return, outperforming this fund by 12.37% per annum.
Insights icon
In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 30.52% return, outperforming this fund by 14.18% per annum.

Fund Manager

R. Janakiraman
R. Janakiraman
Fund Manager of Franklin India Equity Advantage Fund Direct Growth, since 28 February 2014

Franklin India Equity Advantage Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.55% since inception which is less than its category average return of 17.25%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.15% in Equity, 0% in Debt and 1.85% in Cash related instruments
AUM size ₹3203 Cr

AUM size ₹3203 Cr

This fund has AUM of ₹3203 Cr which is less than its category average of ₹ 6577 Cr
Expense Ratio 1.29%

Expense Ratio 1.29%

This fund has an expense ratio of 1.29% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of Franklin India Equity Advantage Fund Direct Growth is ₹186.52 as on 12-Jun-2024.
Existing (Absolute + CAGR) as on 12-Jun-2024.
Franklin India Equity Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.12%
7.12%
6 Month Returns
16.78%
16.78%
1 Year Returns
37.19%
37.19%
3 Years Returns
57.45%
16.34%
5 Years Returns
121.05%
17.19%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.29% as on May 2024
₹3203 Cr as on May 2024
Mahindra & Mahindra Ltd(4.43%), Endurance Technologies Ltd(4.11%), HDFC Bank Ltd(4.1%), Zomato Ltd(3.77%), ICICI Bank Ltd(3.56%) as on May 2024
Consumer Cyclical(26.15%), Financial Services(26.04%), Industrial(13.51%) as on May 2024
The alpha ratio for the Franklin India Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Franklin India Equity Advantage Fund Direct Growth
-4.08
-2.6
-4.41
As on May 2024
The alpha for Franklin India Equity Advantage Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Franklin India Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Franklin India Equity Advantage Fund Direct Growth
0.88
0.86
1.04
As on May 2024
The Beta for Franklin India Equity Advantage Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Franklin India Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Franklin India Equity Advantage Fund Direct Growth
2.13
0.85
0.57
As on May 2024
The sharpe ratio for Franklin India Equity Advantage Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Franklin India Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Franklin India Equity Advantage Fund Direct Growth
9.98
11.78
21
As on May 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.51 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
R. Janakiraman is the fund manager of Franklin India Equity Advantage Fund Direct Growth
The Exit load of Franklin India Equity Advantage Fund Direct Growth is 1%