Franklin India Technology Fund
Direct · GrowthAI Summary
Franklin India Technology Fund has delivered strong long-term SIP returns of 19.48% over 7Y, 18.73% over 10Y, and 17.39% over 12Y, outpacing the category average SIP XIRR of 16.59%, 16.43%, and 15.77% respectively. Over 3Y and 5Y its XIRR of 17.72% and 19.16% also beats category averages of 16.16% and 17.43%. However, the 1Y XIRR of 6.25% trails the category average of 10.55%, and against the NIFTY 50 the fund has generated positive alpha of 4.71% (3Y), 7.90% (10Y), and 9.67% (7Y), with the sole 1Y alpha reading at -3.34%.
The fund exhibits low beta versus the NIFTY 50 (0.61-0.79 across horizons) and consistently lower downside capture (from 66.08% at 1Y down to 56.49% at 15Y) than upside capture, indicating it has fallen less than the benchmark in down markets. There have been 8 drawdown events exceeding 10%, and 2022 (-22.25%) and 2026 year-to-date (-10.67%) show the fund can see sharp sector-driven corrections. Calmar ratios of 0.55-0.61 across horizons reflect a moderate risk-adjusted return profile given the sector's inherent volatility.
The concentrated 14-stock portfolio is led by Bharti Airtel at 22.51% of NAV, followed by Infosys at 12.80% and Eternal at 7.30%. IT - Software (30.4%) and Telecom - Services (22.5%) together account for roughly 53% of the portfolio, with Retailing (12.6%) adding newer-economy internet exposure. The heavy concentration in the top two holdings and sectors amplifies single-name and sector-specific risk.
The fund has beaten its sector/thematic category average SIP XIRR across the 3Y, 5Y, 7Y, 10Y, and 12Y windows, often by 1-4 percentage points, indicating sustained competitive positioning among technology-focused peers. Long-term alpha versus the NIFTY 50 (5.96-9.67% over 7Y-15Y) further supports its relative strength. The recent 1Y underperformance versus the category (6.25% vs 10.55%) suggests short-term cyclical pressure in tech and internet holdings.
This fund suits investors with high risk tolerance seeking focused exposure to technology, telecom, and digital-economy businesses as a satellite allocation, typically capped at 5-10% of an overall equity portfolio. A horizon of 5-7 years or more is appropriate, as evidenced by calendar-year swings ranging from +57.14% (2020) to -22.25% (2022). Investors should be comfortable with extended drawdowns and concentrated sector risk.
- Long-term SIP XIRR consistently above category averages, e.g., 19.48% over 7Y vs 16.59% for the category
- Consistently positive alpha versus NIFTY 50 over 3Y (4.71%) through 15Y (7.26%), with lower downside capture than upside capture across horizons
- Seasoned leadership positions in large-cap tech (Infosys, HCL Tech, TCS) plus a meaningful telecom anchor in Bharti Airtel at 22.51%
- High concentration risk: top two holdings (Bharti Airtel and Infosys) at 35.31% and only 14 stocks in total
- Recent weakness with 1Y XIRR of 6.25% versus category average of 10.55% and -3.34% 1Y alpha, alongside calendar-year losses of 10.67% in 2026
Generated on 04-11-2026, 3:04 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 | ₹12.60 L | 19.3% | -41.3% | 124.4% |
| 3 Years | ₹36.00 L | ₹44.64 L | 17.2% | -8.9% | 50.3% |
| 5 Years | ₹60.00 L | ₹90.58 L | 18.5% | -0.9% | 35.4% |
| 7 Years | ₹84.00 L | ₹1.70 Cr | 19.4% | 3.0% | 27.7% |
| 10 Years | ₹1.20 Cr | ₹3.27 Cr | 18.7% | 14.3% | 23.6% |
| 12 Years | ₹1.44 Cr | ₹4.60 Cr | 17.5% | 14.3% | 21.8% |
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 | 19.3% | 14.3% | 10.5% | +5.0% |
| 3 Years | 17.2% | 11.0% | 16.2% | +6.1% |
| 5 Years | 18.5% | 10.4% | 17.4% | +8.1% |
| 7 Years | 19.4% | 10.6% | 16.6% | +8.9% |
| 10 Years | 18.7% | 11.4% | 16.4% | +7.3% |
| 12 Years | 17.5% | 11.3% | 15.8% | +6.2% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.8% | 13.9% | -24.7% | 124.8% | 0.51 | 1.60 | 75% | — | — |
| 3 Years | 17.5% | 17.6% | 2.9% | 36.9% | 1.55 | 28.36 | 100% | — | — |
| 5 Years | 18.0% | 18.5% | 1.8% | 30.8% | 1.78 | 44.00 | 100% | — | — |
| 10 Years | 17.2% | 17.2% | 14.8% | 19.5% | 10.18 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | -4.52 | 0.67 | 63.7% | 66.2% | -7.4% | -7.6% |
| 3 Years | +3.30 | 0.76 | 84.1% | 77.3% | 10.5% | 7.4% |
| 5 Years | +1.80 | 0.78 | 84.2% | 80.0% | 7.9% | 6.0% |
| 7 Years | +9.06 | 0.72 | 80.2% | 69.2% | 18.3% | 10.4% |
| 10 Years | +7.90 | 0.65 | 72.5% | 61.5% | 17.3% | 10.9% |
| 12 Years | +5.80 | 0.65 | 70.6% | 61.5% | 14.0% | 9.2% |
| 15 Years | +7.21 | 0.61 | 68.2% | 56.5% | 15.6% | 9.6% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bharti Airtel Ltd | 22.51% |
| 2 | Infosys Ltd | 12.80% |
| 3 | Eternal Ltd | 7.30% |
| 4 | HCL Technologies Ltd | 6.45% |
| 5 | Tata Consultancy Services Ltd | 4.78% |
| 6 | PB Fintech Ltd | 3.39% |
| 7 | Info Edge (India) Ltd | 2.96% |
| 8 | Meesho Ltd | 2.35% |
| 9 | Amagi Media Labs Ltd | 2.15% |
| 10 | Intellect Design Arena Ltd | 1.95% |