Franklin India Dividend Yield Fund
Direct · GrowthAI Summary
Franklin India Dividend Yield Fund has delivered strong SIP XIRR of 19.11% over 5Y and 17.92% over 10Y, beating the category average (17.5% and 17.11% respectively). Against the NIFTY 50, the fund shows consistent alpha across longer horizons, including 7.86% over 7Y and 4.62% over 12Y, with fund CAGR of 12.98% vs benchmark 9.03% over 12Y. Recent 1Y performance has softened, with XIRR of 9.43% lagging the category average of 9.9%.
The fund's low beta of roughly 0.72-0.75 and downside capture below 80% across all horizons confirm a defensive profile, with downside capture of only 66.79% over 7Y. Six drawdown events above 10% indicate meaningful interim volatility, evidenced by a max drawdown duration of 790 days and recovery in 234 days. Calmar ratios of around 0.42-0.47 across horizons indicate reasonable risk-adjusted returns given the fund's defensive tilt.
The portfolio holds 34 stocks with a diversified top-10 book led by State Bank of India (5.72%), Infosys (4.53%), and ICICI Bank (4.06%). Banks is the largest sector at 12.9%, followed by Power (8.9%) and IT (7.3%), combining high-dividend names like ITC, Coal India, and NTPC with growth-oriented holdings. This dividend-yield tilt with financials and PSU cyclical exposure is consistent with the fund's mandate.
The fund outperforms the category average SIP XIRR across 3Y (17.34% vs 16.16%), 5Y, 7Y, 10Y, and 12Y, trailing only slightly in 1Y. Long-term alpha of 4.19-7.86% versus NIFTY 50 across 3Y to 15Y windows reflects consistent value added through market cycles. Calendar year returns show strong upcycles (43.12% in 2021, 33.9% in 2023) but modest downside years (-7.73% in 2018, -7.68% in 2026).
This fund suits investors seeking a lower-volatility, dividend-focused equity allocation with proven long-term outperformance versus the broad market. A horizon of 5+ years is appropriate, given that 1Y returns can lag and the current 1Y XIRR of 9.43% is below category average. It is well suited to moderate-risk investors who prefer limited downside participation over aggressive upside capture, given its upside capture of only about 76%.
- Consistent long-term alpha versus NIFTY 50, including 7.86% over 7Y and 4.62% over 12Y
- Defensive profile with beta around 0.72-0.76 and downside capture as low as 66.79% over 7Y
- SIP XIRR above category averages across 3Y, 5Y, 7Y, 10Y, and 12Y horizons
- 1Y performance lags the category, with XIRR of 9.43% vs category 9.9% and negative alpha of -1.11% vs NIFTY 50
- Limited upside participation (upside capture around 75-85%) means the fund may underperform in strong bull phases
Generated on 04-11-2026, 3:05 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.65 L | 18.5% | -56.2% | 105.5% |
| 3 Years | ₹36.00 L | ₹45.40 L | 16.5% | -23.4% | 42.0% |
| 5 Years | ₹60.00 L | ₹92.76 L | 16.9% | -9.6% | 33.9% |
| 7 Years | ₹84.00 L | ₹1.58 Cr | 17.3% | -2.6% | 27.0% |
| 10 Years | ₹1.20 Cr | ₹3.02 Cr | 17.9% | 14.0% | 22.1% |
| 12 Years | ₹1.44 Cr | ₹4.23 Cr | 16.7% | 13.9% | 19.4% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 18.5% | 14.3% | 9.8% | +4.3% |
| 3 Years | 16.5% | 11.0% | 16.1% | +5.5% |
| 5 Years | 16.9% | 10.4% | 17.5% | +6.5% |
| 7 Years | 17.3% | 10.6% | 17.1% | +6.8% |
| 10 Years | 17.9% | 11.4% | 17.1% | +6.4% |
| 12 Years | 16.7% | 11.3% | 15.8% | +5.4% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 17.9% | 12.1% | -33.1% | 106.5% | 0.50 | 1.67 | 79% | — | — |
| 3 Years | 16.8% | 16.4% | -7.3% | 42.6% | 1.27 | 5.37 | 97% | — | — |
| 5 Years | 16.5% | 16.2% | -0.5% | 34.9% | 1.54 | 12.28 | 100% | — | — |
| 10 Years | 16.5% | 16.3% | 13.4% | 19.5% | 8.27 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -1.97 | 0.74 | 75.0% | 75.3% | -6.0% | -7.6% |
| 3 Years | +3.67 | 0.83 | 84.8% | 78.9% | 10.9% | 7.4% |
| 5 Years | +4.94 | 0.76 | 78.7% | 71.1% | 11.0% | 6.0% |
| 7 Years | +7.60 | 0.72 | 76.2% | 66.8% | 16.9% | 10.4% |
| 10 Years | +4.47 | 0.72 | 76.0% | 69.5% | 14.1% | 10.9% |
| 12 Years | +4.57 | 0.73 | 76.9% | 70.2% | 13.0% | 9.2% |
| 15 Years | +4.15 | 0.71 | 75.2% | 68.4% | 12.9% | 9.6% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | State Bank of India | 5.72% |
| 2 | Infosys Ltd | 4.53% |
| 3 | ICICI Bank Ltd | 4.06% |
| 4 | NTPC Ltd | 3.92% |
| 5 | Britannia Industries Ltd | 3.55% |
| 6 | ITC Ltd | 3.50% |
| 7 | Axis Bank Ltd | 3.13% |
| 8 | Shriram Finance Ltd | 2.98% |
| 9 | Coal India Ltd | 2.92% |
| 10 | Bharat Electronics Ltd | 2.58% |