Franklin India Large Cap Fund
Direct · GrowthAI Summary
Franklin India Large Cap Fund has delivered consistent alpha over the NIFTY 50, with lump-sum CAGRs beating the benchmark across all periods, including 11.95% vs 7.75% over 3Y and 14.28% vs 11.81% over 7Y. However, on the SIP XIRR metric, the fund trails the category average in every window — 12.87% vs 14.28% over 3Y and 13.11% vs 14.37% over 10Y. The 1Y XIRR of 15.47% also lags the category's 14.08% is not the case here; the fund's 1Y XIRR of 15.47% actually exceeds the category average of 14.08%.
The fund shows a beta of roughly 0.92-0.95 across periods, meaning it moves slightly less than the market, and its downside capture (89.5-93.1%) is consistently below its upside capture (92.9-97.5%), indicating better-than-market loss protection. The maximum drawdown of just -0.36% with a 59-day duration and 232-day recovery reflects strong downside resilience in the measured period. Calmar ratios of 0.33-0.41 across horizons indicate reasonable risk-adjusted returns, though 9 drawdown events exceeding 10% show meaningful volatility has occurred historically.
The portfolio is concentrated in financials, with Banks alone at 24.5% and ICICI Bank (9.66%), HDFC Bank (5.43%), and Kotak Mahindra Bank (4.23%) among the top holdings. With 38 total holdings and the top 10 accounting for roughly 52% of NAV, the fund maintains moderate diversification with a quality large-cap tilt. Sector exposure is otherwise well spread across retailing, IT, automobiles, and petroleum at 5.8-6.2% each.
The fund's SIP XIRR underperforms the category average across all long-term windows — 12.55% vs 14.04% over 5Y and 12.89% vs 14.11% over 12Y — suggesting peers have delivered better SIP outcomes. However, its lump-sum performance versus the NIFTY 50 benchmark is strong, with positive alpha in every period from 1Y (3.52%) to 15Y (1.56%). Calendar year returns show consistency, with only three negative years (2018, 2022, 2026 YTD) in the last 14.
This fund suits investors seeking large-cap exposure with a benchmark-beating lump-sum track record and moderate volatility, ideally with a 5-7 year or longer horizon. It is appropriate for investors with moderate risk tolerance who value downside protection, given the consistently lower downside capture versus the NIFTY 50. SIP investors should note the category underperformance and consider whether the fund's lump-sum alpha justifies their mode of investment.
- Positive alpha over NIFTY 50 in every measured period, from 0.65% over 10Y to 4.29% over 3Y
- Downside capture consistently below upside capture (e.g., 89.52% downside vs 95.4% upside over 3Y), indicating superior loss protection
- Very low maximum drawdown of -0.36% with a short 59-day drawdown duration in the recent period
- SIP XIRR trails the category average across all horizons — 12.87% vs 14.28% over 3Y and 13.11% vs 14.37% over 10Y
- High sector concentration in Banks at 24.5% of the portfolio, exposing investors to financial sector risk
- Expense ratio of 1.17% for a large cap fund, which is relatively high for the category
Generated on 04-09-2026, 2:51 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 | ₹12.64 L | 15.5% | -56.6% | 112.0% |
| 3 Years | ₹36.00 L | ₹43.61 L | 12.9% | -22.7% | 33.0% |
| 5 Years | ₹60.00 L | ₹83.48 L | 12.5% | -10.2% | 24.1% |
| 7 Years | ₹84.00 L | ₹1.33 Cr | 12.7% | -3.1% | 19.6% |
| 10 Years | ₹1.20 Cr | ₹2.38 Cr | 13.1% | 10.6% | 16.4% |
| 12 Years | ₹1.44 Cr | ₹3.32 Cr | 12.9% | 10.7% | 14.8% |
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 | 15.5% | 14.4% | 14.1% | +1.1% |
| 3 Years | 12.9% | 11.1% | 14.3% | +1.8% |
| 5 Years | 12.5% | 10.4% | 14.0% | +2.1% |
| 7 Years | 12.7% | 10.6% | 14.1% | +2.2% |
| 10 Years | 13.1% | 11.5% | 14.4% | +1.6% |
| 12 Years | 12.9% | 11.4% | 14.1% | +1.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 14.8% | 10.2% | -33.2% | 97.8% | 0.44 | 1.32 | 82% | — | — |
| 3 Years | 13.0% | 13.6% | -8.0% | 30.0% | 1.13 | 3.11 | 96% | — | — |
| 5 Years | 12.6% | 12.9% | -2.0% | 26.3% | 1.33 | 6.00 | 99% | — | — |
| 10 Years | 12.7% | 12.7% | 10.2% | 14.9% | 5.95 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +3.52 | 0.95 | 97.5% | 92.3% | 1.1% | -2.9% |
| 3 Years | +4.29 | 0.93 | 95.4% | 89.5% | 11.9% | 7.8% |
| 5 Years | +1.91 | 0.93 | 92.9% | 89.9% | 9.6% | 7.8% |
| 7 Years | +2.86 | 0.93 | 95.4% | 92.3% | 14.3% | 11.8% |
| 10 Years | +0.65 | 0.93 | 94.4% | 93.1% | 11.1% | 10.8% |
| 12 Years | +2.01 | 0.92 | 93.8% | 91.1% | 11.5% | 9.8% |
| 15 Years | +1.56 | 0.92 | 93.1% | 90.6% | 11.0% | 9.7% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Ltd | 9.78% |
| 2 | Mahindra & Mahindra Ltd | 5.94% |
| 3 | Kotak Mahindra Bank Ltd | 5.22% |
| 4 | HDFC Bank Ltd | 5.14% |
| 5 | Larsen & Toubro Ltd | 5.01% |
| 6 | State Bank of India | 4.81% |
| 7 | Bajaj Finserv Ltd | 4.47% |
| 8 | Infosys Ltd | 4.24% |
| 9 | Eternal Ltd | 4.02% |
| 10 | Torrent Pharmaceuticals Ltd | 3.99% |