Franklin India Equity Advantage Fund Direct Growth

Franklin India Equity Advantage Fund Direct Growth

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Equity
Direct
Large & Mid- Cap

NAV: ₹ 151.2 as on 20-09-2023

Fund Performance
zero opening, trading, fund transfer fee
165 people have invested ₹ 19.3L in Franklin India Equity Advantage Fund Direct Growth in the last three months

Fund Insights

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In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 18.96% return, outperforming this fund by 6.4% per annum.
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In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 26.34% return, outperforming this fund by 10.65%.
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This fund expense ratio is slightly on the lower side within the category (large & mid- cap). Its expense ratio is 1.01% which is lower than the category average expense ratio of 1.13%.
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In the last 3 years, HDFC Large and Mid Cap Fund Direct Growth has given 31.59% return, outperforming this fund by 6.2% per annum.

INDmoney Rank

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Pros

Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

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 ₹2846 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
  2. The fund has an expense ratio 1.

Franklin India Equity Advantage Fund Direct Growth Overview

Expense ratio
Expense ratio
1.01%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹2846 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%

Fund Distribution as on (31-Aug-23)

  • Equity 97%

  • Debt & Cash 3%

Size breakup

Large cap
57.3%
Mid cap
37.8%
Small cap
1.9%

Sector Allocation

Aug'23

Jul'23

Jun'23

Financial Services

33.5%

Consumer Cyclical

14.9%

Tech

11.1%

Industrial

8.7%

Consumer Defensive

8.7%

Health

8.6%

Basic Materials

5.9%

Energy

3.7%

Communication

3.5%

Utilities

1.4%

Top Holdings of Franklin India Equity Advantage Fund Direct Growth as on (31-Aug-23)

  • Equity

Equity Holdings58

Franklin India Equity Advantage Fund Direct Growth: Monthly Changes Updates

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
0.30%
4.03%
5.09%
Nifty 500
-0.74%
3.21%
4.25%
  • This fund’s returns stands at 0.30% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
  • This fund outperformed Nifty 500 by 1.05% in Aug'23

AUM Change

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 2.8K Cr
₹ 2.9K Cr
₹ 2.8K Cr
  • AUM of the fund stands at 2.8K Cr as of Aug'23
  • AUM decreased by 9.4 Cr between Aug'23 and Jul'23

Fund Portfolio Changes

Gainers & Losers in Franklin India Equity Advantage Fund Direct Growth portfolio Returns for the month of Aug

Franklin India Equity Advantage Fund Direct Growth Fund Manager

R. Janakiraman

R. Janakiraman

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

Fund 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 14.42% since inception which is less than its category average return of 15.88%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.01% in Equity, 0% in Debt and 2.99% in Cash related instruments
AUM size ₹2846 Cr

AUM size ₹2846 Cr

This fund has AUM of ₹2846 Cr which is less than its category average of ₹ 5316 Cr
Expense Ratio 1.01%

Expense Ratio 1.01%

This fund has an expense ratio of 1.01% which is less than its category average expense ratio of 1.43%

Frequently Asked Questions

The current NAV of Franklin India Equity Advantage Fund Direct Growth is ₹151.2 as on 20-Sep-2023.
Existing (Absolute + CAGR) as on 20-Sep-2023.
Franklin India Equity Advantage Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.99%
3.99%
6 Month Returns
22.71%
22.71%
1 Year Returns
13.48%
13.48%
3 Years Returns
95.59%
25.06%
5 Years Returns
79.71%
12.44%
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1.01% as on August 2023
₹2846 Cr as on August 2023
HDFC Bank Ltd(6.21%), ICICI Bank Ltd(5.98%), Reliance Industries Ltd(3.59%), Infosys Ltd(2.77%), LIC Housing Finance Ltd(2.53%) as on August 2023
Financial Services(32.46%), Consumer Cyclical(14.41%), Tech(10.73%) as on August 2023
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
-2.71
-1.22
-2.91
As on August 2023
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
0.86
0.98
1.04
As on August 2023
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
0.49
1.21
0.36
As on August 2023
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
10.02
15.2
21.63
As on August 2023
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 2.84 as on August 2023. 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%