Franklin India Multi Factor Fund
Direct · GrowthAI Summary
Franklin India Multi Factor Fund has delivered negative lump-sum CAGRs across all measured periods, with a 1Y CAGR of -2.87% versus -7.21% for the NIFTY 50, outperforming the benchmark by 4.34 percentage points. Positive alpha is recorded across all horizons, ranging from 4.17% at 1Y to 0.22% at 15Y, though the alpha magnitude declines with longer windows. SIP XIRR data is not available for this fund, so a like-for-like comparison with the category average SIP XIRR of 14.1% (1Y) and 16.82% (3Y) cannot be made.
The fund shows a beta of 0.9874 against the NIFTY 50, indicating near-identical volatility to the benchmark, with a favorable downside capture of 92.28% versus an upside capture of 99.92% — a profile that cushions losses in falling markets. Only one drawdown event exceeding 10% was recorded, with a maximum drawdown of -0.14% lasting 88 days and no recovery period shown. The consistently positive alpha across all time horizons suggests modest risk-adjusted outperformance relative to the benchmark.
The portfolio holds 85 stocks with the top 10 accounting for roughly 33.7% of NAV, led by HDFC Bank (6.11%), ICICI Bank (5.15%), and Reliance Industries (4.49%). Banks dominate sector exposure at 20.8%, followed by Finance (6.6%), Automobiles (6.2%), IT-Software (6.0%), and Telecom (4.6%), meaning financials collectively represent over a quarter of the portfolio. The large number of holdings and moderate top-10 weight indicate reasonable diversification, though the banking tilt is a notable concentration.
As a Sectoral/Thematic fund, this offering behaves more like a diversified large-cap strategy than a typical high-concentration thematic product, given its 85 holdings and benchmark-like beta. Direct comparison with category peers is limited because the fund's own SIP XIRR is unavailable, while the category averages of 14.1% (1Y) and 16.82% (3Y) cannot be meaningfully matched against the fund's lump-sum CAGRs. Its consistent positive alpha versus the NIFTY 50 across 1Y to 15Y windows points to steady relative performance, but absolute returns remain negative in the measured periods.
This fund may suit investors seeking a factor-based, benchmark-plus strategy with lower downside capture, rather than aggressive thematic exposure. A long-term horizon of 5-7 years or more is appropriate given the negative absolute CAGRs in recent periods and the need for market cycles to play out. Investors should have moderate risk tolerance, as the fund moves nearly in line with the NIFTY 50 and carries meaningful banking sector concentration.
- Outperformed the NIFTY 50 across all measured horizons, with 1Y alpha of 4.17% and fund CAGR of -2.87% versus benchmark -7.21%
- Favorable capture profile with downside capture of 92.28% against upside capture of 99.92%, indicating loss cushioning in weak markets
- Well-diversified portfolio of 85 holdings with the top 10 limited to roughly 33.7% of NAV
- Negative absolute lump-sum CAGRs across all periods, including -2.87% over 1Y and -0.29% over 10Y, indicating weak absolute wealth creation
- Heavy financial sector concentration, with Banks at 20.8% and Finance at 6.6% of the portfolio, exposing investors to banking cycle risk
Generated on 05-09-2026, 3:02 AM. Verify before investing.
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.
Not enough data to compute SIP returns.
Not enough data to compute rolling returns.
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +4.17 | 0.99 | 99.9% | 92.3% | -2.9% | -7.2% |
| 3 Years | +1.38 | 0.99 | 99.9% | 92.3% | -1.0% | -2.5% |
| 5 Years | +0.81 | 0.99 | 99.9% | 92.3% | -0.6% | -1.5% |
| 7 Years | +0.54 | 0.99 | 99.9% | 92.3% | -0.4% | -1.1% |
| 10 Years | +0.37 | 0.99 | 99.9% | 92.3% | -0.3% | -0.8% |
| 12 Years | +0.29 | 0.99 | 99.9% | 92.3% | -0.2% | -0.6% |
| 15 Years | +0.22 | 0.99 | 99.9% | 92.3% | -0.2% | -0.5% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Ltd | 6.11% |
| 2 | ICICI Bank Ltd | 5.15% |
| 3 | Reliance Industries Ltd | 4.49% |
| 4 | Bharti Airtel Ltd | 3.57% |
| 5 | Larsen & Toubro Ltd | 3.48% |
| 6 | Infosys Ltd | 3.16% |
| 7 | Eternal Ltd | 2.25% |
| 8 | Titan Co Ltd | 2.05% |
| 9 | Mahindra & Mahindra Ltd | 1.75% |
| 10 | State Bank of India | 1.73% |