Franklin India Multi Cap Fund
Direct · GrowthAI Summary
The fund delivered a 1-year SIP XIRR of 8.76%, which is significantly below the category average of 15.06% for the same period. On a lump-sum basis, the fund's 1-year CAGR of 10.98% outperformed the NIFTY 50's -2.9%, with positive alpha across all time horizons, though the absolute returns remain modest.
The fund exhibits a maximum drawdown of -0.19% with an average drawdown of -0.05%, indicating relatively low downside volatility. The Calmar ratio of 0.36 for 1 year suggests moderate risk-adjusted returns, and the fund has experienced only 2 drawdown events exceeding 10%, reflecting resilience during market stress.
The portfolio is well-diversified across 50 holdings, with top 10 positions accounting for approximately 33% of assets. Sector concentration is led by Industrial Products (14.4%), Banks (11.3%), and Aerospace & Defense (9.0%), with notable exposure to mid-cap names like Hindustan Aeronautics and Syrma SGS Technology.
The fund's 1-year XIRR of 8.76% lags the multi-cap category average of 15.06% by a wide margin, indicating underperformance relative to peers. However, its downside capture ratio of 88.58% versus the benchmark suggests it protects capital better in falling markets, though upside capture of 107.34% shows it participates well in rallies.
This fund is suitable for investors with a moderate-to-high risk tolerance and a long-term horizon of at least 5-7 years, given its multi-cap mandate and exposure to cyclical sectors. It may appeal to those seeking diversification across market caps and a defensive tilt, but investors should be prepared for potential underperformance versus category peers in the short term.
- Consistent positive alpha over the benchmark across all time horizons, with 1-year alpha of 14.24%.
- Lower downside capture (88.58%) than the benchmark, indicating better capital preservation during market declines.
- Low expense ratio of 0.5% for a direct plan, enhancing net returns for investors.
- Significant underperformance versus the category average SIP XIRR (8.76% vs 15.06% for 1 year), suggesting peer lag.
- High concentration in industrial and defense sectors (23.4% combined), which may lead to sector-specific volatility.
Generated on 29-08-2026, 3:03 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 | ₹12.57 L | 8.8% | -21.4% | 23.0% |
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 | 8.8% | 14.4% | 15.1% | -5.7% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 6.7% | 6.1% | -2.4% | 20.5% | 0.04 | 0.07 | 93% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +14.24 | 1.04 | 107.3% | 88.6% | 11.0% | -2.9% |
| 3 Years | +5.23 | 0.99 | 102.7% | 91.9% | 4.2% | -1.1% |
| 5 Years | +3.10 | 0.99 | 102.7% | 91.9% | 2.5% | -0.7% |
| 7 Years | +2.19 | 0.99 | 102.7% | 91.9% | 1.8% | -0.5% |
| 10 Years | +1.51 | 0.99 | 102.7% | 91.9% | 1.2% | -0.3% |
| 12 Years | +1.26 | 0.99 | 102.7% | 91.9% | 1.0% | -0.3% |
| 15 Years | +1.01 | 0.99 | 102.7% | 91.9% | 0.8% | -0.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Hindustan Aeronautics Ltd | 5.36% |
| 2 | Syrma SGS Technology Ltd | 3.69% |
| 3 | Cyient DLM Ltd | 3.68% |
| 4 | HDFC Bank Ltd | 3.38% |
| 5 | Dixon Technologies (India) Ltd | 3.27% |
| 6 | ICICI Bank Ltd | 3.08% |
| 7 | Timken India Ltd | 2.93% |
| 8 | Global Health Ltd | 2.79% |
| 9 | Kirloskar Oil Engines Ltd | 2.74% |
| 10 | PNB Housing Finance Ltd | 2.72% |