Franklin India Equity Advantage Fund Direct Growth

Franklin India Equity Advantage Fund Direct Growth

Equity

Direct

Large & Mid-Cap

NAV as on 05-12-2024

₹ 207.14

0.6%

1D

Inception Returns

15.8%

/yr

About Franklin India Equity Advantage Fund Direct Growth

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 ₹3518 Cr worth of assets under management (AUM) as on Oct 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 15.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 30.39%, 15.85% and 19.92% respectively.

Holdings

Franklin India Equity Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Health, Consumer Defensive, Basic Materials, Real Estate, Utilities, Energy. Its top holdings are Axis Bank Ltd, ICICI Bank Ltd, Mahindra & Mahindra Ltd, Larsen & Toubro Ltd, Max Financial Services 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
211 people have invested ₹ 15.1L in Franklin India Equity Advantage Fund Direct Growth in the last three months

INDmoney Rank for Franklin India Equity Advantage Fund Direct Growth

Powered by IND quant engine
IND ranking is not available for this fund.
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Beats FD returns for both 3Y & 5Y duration
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5Y returns in the bottom 25% of the category
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3Y returns in the bottom 25% of the category

Franklin India Equity Advantage Fund Direct Growth Overview

Expense ratio1.27%
Benchmark
S&P BSE 200 India TR INR
AUM₹3518 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
70.24%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (05-Dec-24)

Period
Franklin India Equity Advantage Fund Direct Growth
NIFTY 500
large & mid-cap
1M
3.5%
2.6%
3.3%
3M
-0.5%
-2%
-1.1%
6M
19.4%
10.6%
13.9%
1Y
30.4%
25.2%
32.2%
3Y
15.9%
16.1%
20.2%
5Y
19.9%
19%
22.3%

Fund Distribution

as on (31-Oct-24)

  • Equity 97.5%

  • Debt & Cash 2.5%

Large cap
49.8%

Mid cap
35.8%

Small cap
9.3%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
28.8%
Consumer Cyclical
18.5%
Tech
11.5%
Industrial
11.3%
Health
9.7%
Consumer Defensive
5.1%
Basic Materials
4.7%
Real Estate
4%
Utilities
3.5%
Energy
3%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-7.11%
3.84%
1.56%
NIFTY 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -7.11% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -6.52% as on Oct'24
  • This fund underperformed NIFTY 500 by 0.59% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 3.5K Cr
₹ 3.8K Cr
₹ 3.7K Cr
  • AUM of the fund stands at 3.5K Cr as of Oct'24
  • AUM decreased by 279.6 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 2.03% to 3.89%
ICICI Bank Ltd's allocation increased from 2.03% to 3.89%
Reliance Industries Ltd's allocation increased from 1.86% to 2.89%
Reliance Industries Ltd's allocation increased from 1.86% to 2.89%
Jubilant Foodworks Ltd's allocation increased from 1.58% to 2.59%
Jubilant Foodworks Ltd's allocation increased from 1.58% to 2.59%
Top Stocks sold last month
Mahindra & Mahindra Ltd's allocation decreased from 4.05 % to 3.85 %
Mahindra & Mahindra Ltd's allocation decreased from 4.05 % to 3.85 %
Max Financial Services Ltd's allocation decreased from 3.13 % to 3.03 %
Max Financial Services Ltd's allocation decreased from 3.13 % to 3.03 %
Zomato Ltd's allocation decreased from 2.88 % to 2.75 %
Zomato Ltd's allocation decreased from 2.88 % to 2.75 %
Mid Cap allocation has gone down from 37.2% to 35.8%
Mid Cap allocation has gone down from 37.2% to 35.8%
Large Cap allocation has gone down from 49.9% to 49.8%
Large Cap allocation has gone down from 49.9% to 49.8%
Small Cap allocation has gone up from 9.2% to 9.3%
Small Cap allocation has gone up from 9.2% to 9.3%
Cash allocation has gone up from 1.2% to 2.5%
Cash allocation has gone up from 1.2% to 2.5%

Top 3 Sectors in October were Financial Services, Consumer Cyclical & Tech

Oct'24
Financial Services
29%
Consumer Cyclical
18%
Tech
11%
Sep'24
Financial Services
28%
Consumer Cyclical
21%
Tech
12%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
51
54
52
Top 5 Company Concentration
18.1%
18.5%
18.5%
Company having highest exposure
Axis Bank Ltd (4.1%)
Axis Bank Ltd (4.1%)
IndusInd Bank Ltd (4.1%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
79.8%
80.4%
81.8%
Sector having highest exposure
Financial Services (28.8%)
Financial Services (28%)
Financial Services (26.7%)
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R. Janakiraman
R. Janakiraman
Fund Manager of Franklin India Equity Advantage Fund Direct Growth, since 28 February 2014
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total AUM
₹1.17L Cr
as on 31-Oct-2024
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+912267519100
Website
service@templeton.com

Mutual Fund Insights

Insights icon
In the last 5 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 28.67% return, outperforming this fund by 8.75% per annum.
Insights icon
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 50.89% return, outperforming this fund by 20.51%.
Insights icon
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 29.18% return, outperforming this fund by 13.33% per annum.
Insights icon
Over the last 1 month, this fund has experienced a 7.4% drop in AUM moving from 3.79K Cr to 3.51K Cr.

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 15.85% since inception which is less than its category average return of 17.32%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.48% in Equity, 0% in Debt and 2.52% in Cash related instruments
AUM size ₹3518 Cr

AUM size ₹3518 Cr

This fund has AUM of ₹3518 Cr which is less than its category average of ₹ 7282 Cr
Expense Ratio 1.27%

Expense Ratio 1.27%

This fund has an expense ratio of 1.27% which is less than its category average expense ratio of 1.37%

Frequently Asked Questions for Franklin India Equity Advantage Fund Direct Growth

The current NAV of Franklin India Equity Advantage Fund Direct Growth is ₹207.14 as on 05-Dec-2024.
Existing (Absolute + CAGR) as on 05-Dec-2024.
Franklin India Equity Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.54%
3.54%
6 Month Returns
19.4%
19.4%
1 Year Returns
30.39%
30.39%
3 Years Returns
55.5%
15.85%
5 Years Returns
148.02%
19.92%
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1.27% as on November 2024
₹3518 Cr as on November 2024
Axis Bank Ltd(4.14%), ICICI Bank Ltd(3.89%), Mahindra & Mahindra Ltd(3.85%), Larsen & Toubro Ltd(3.2%), Max Financial Services Ltd(3.03%) as on November 2024
Financial Services(28.08%), Consumer Cyclical(18.01%), Tech(11.21%) as on November 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
-0.04
-2.37
-3.05
As on November 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
1.08
0.92
1.05
As on November 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
1.42
0.69
0.7
As on November 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
14.66
13.42
21.34
As on November 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 1.18 as on November 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%