Franklin India Equity Advantage Fund Direct Growth
Equity
Direct
Large & Mid-Cap
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
- Franklin India Equity Advantage Fund Direct Growth has ₹3510 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
Franklin India Equity Advantage Fund Direct Growth has given a CAGR return of 16.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.16%, 17.98% and 20.00% respectively.
Holdings
Franklin India Equity Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Health, Basic Materials, Consumer Defensive, Energy, Real Estate, Communication. Its top holdings are Mahindra & Mahindra Ltd, Endurance Technologies Ltd, Axis Bank Ltd, HDFC Bank Ltd, Zomato 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 benefitDividends 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
189 people have invested ₹ 34L in Franklin India Equity Advantage Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Fund Overview
| Expense ratio | 1.27% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹3510 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 72.19% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
Large cap
52.7%
Mid cap
39.2%
Small cap
5.2%
Sector Allocation
Financial Services
28.6%
Consumer Cyclical
26.8%
Tech
10.8%
Industrial
10.5%
Health
6.4%
Basic Materials
6%
Consumer Defensive
3.9%
Energy
3.1%
Real Estate
2.5%
Communication
1.3%
All changes are between Apr'24 and Jun'24
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Mahindra & Mahindra Ltd | 4.62% | 0% | |
 Endurance Technologies Ltd | 4.53% | 0% | |
 Axis Bank Ltd | 4.29% | 69.7% | |
 HDFC Bank Ltd | 4.12% | 0% | |
 Zomato Ltd | 3.85% | 0% |
See all
See all
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Kalyan Jewellers India Ltd | 23.9% |
 Zomato Ltd | 9.6% |
R. Janakiraman
Fund Manager of Franklin India Equity Advantage Fund Direct Growth, since 28 February 2014
Top funds managed
Mutual Fund Insights
Over the last 3 months, this fund has experienced a 11.9% growth in AUM moving from 3.13K Cr to 3.51K Cr.
This fund expense ratio is slightly on the lower side within the category (large & mid-cap). Its expense ratio is 1.08% which is lower than the category average expense ratio of 1.2%.
In the last 1 year, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 63.99% return, outperforming this fund by 26.83%.
In the last 3 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 31.57% return, outperforming this fund by 13.59% per annum.
In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 31.68% return, outperforming this fund by 11.68% per annum.
Franklin India Equity Advantage Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.05% since inception which is less than its category average return of 17.98%
Fund Allocations
This fund has an allocation of 97.09% in Equity, 0% in Debt and 2.91% in Cash related instruments
AUM size ₹3510 Cr
This fund has AUM of ₹3510 Cr which is less than its category average of ₹ 7161 Cr
Expense Ratio 1.27%
This fund has an expense ratio of 1.27% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of Franklin India Equity Advantage Fund Direct Growth is ₹199.04 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Franklin India Equity Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.54% | 3.54% |
6 Month Returns | 21.63% | 21.63% |
1 Year Returns | 37.16% | 37.16% |
3 Years Returns | 64.23% | 17.98% |
5 Years Returns | 148.81% | 20% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
1.27% as on June 2024
₹3510 Cr as on June 2024
Mahindra & Mahindra Ltd(4.62%), Endurance Technologies Ltd(4.53%), Axis Bank Ltd(4.29%), HDFC Bank Ltd(4.12%), Zomato Ltd(3.85%) as on June 2024
Financial Services(27.82%), Consumer Cyclical(26.01%), Tech(10.45%) as on June 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 | -4.67 | -2.75 | -4.15 |
As on June 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 | 0.89 | 1.05 |
As on June 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 | 2.11 | 0.91 | 0.67 |
As on June 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 | 12.47 | 12.64 | 21.34 |
As on June 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 1.74 as on June 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%