Templeton India Value Fund
Direct · GrowthAI Summary
Templeton India Value Fund has delivered a 5Y SIP XIRR of 19.1% and a 3Y SIP XIRR of 17.67%, outpacing the category averages of 17.02% and 16.98% respectively, though its 1Y SIP XIRR of 9.53% trails the category's 11.63%. Against the NIFTY50 VALUE 20 benchmark, the fund shows consistent alpha across longer horizons, including 5.456% over 5Y and 6.04% over 7Y, with lump-sum CAGRs beating the benchmark in every period measured. Long-term SIP XIRR remains healthy at 17.56% over 10Y and 16.34% over 12Y.
The fund exhibits a defensive risk profile with beta consistently below 1 (0.83-0.91) and downside capture between 76.32% and 86.09%, meaning it falls less than the benchmark in weak markets. The maximum drawdown of -0.478% required 790 days to reach its trough and 290 days to recover, indicating a prolonged but shallow drawdown episode, with 7 drawdown events exceeding 10% historically. Calmar ratios of roughly 0.31-0.39 across horizons reflect moderate risk-adjusted efficiency for a value-oriented equity fund.
The portfolio is heavily tilted toward financials, with Banks alone at 26.5% and the top three holdings (HDFC Bank 7.84%, Axis Bank 7.02%, ICICI Bank 5.67%) all being banks, adding to Finance exposure of 6.5%. With 45 total holdings, the top ten positions sum to roughly 43% of NAV, providing reasonable diversification beyond the financial core into IT (7.5%), petroleum (6.2%), and pharma (5.8%). This concentrated bank exposure is a deliberate value bet but creates sector-specific risk.
The fund beats category average SIP XIRR over 3Y, 5Y, 7Y, and 12Y windows, though it lags at 1Y (9.53% vs 11.63%) and 10Y (17.56% vs 16.49% is actually ahead, but 1Y clearly lags). Calendar year returns show strong consistency in up years, including 44.88% in 2021, 34.55% in 2023, and 38.27% in 2017, but also negative years such as -11.9% in 2018 and -12.79% in 2026. Its persistent positive alpha versus the value benchmark across 1Y to 15Y horizons suggests genuine stock-selection skill relative to peers.
This fund suits investors with a high risk tolerance and a long time horizon of at least 5-7 years, given the drawdown durations and cyclicality of value investing. It is appropriate for those seeking market-beating returns with lower downside capture than the benchmark, particularly investors comfortable with significant bank-sector concentration. SIP investors benefit most, as the fund's SIP XIRR consistently outperforms both its lump-sum rolling returns and category averages over medium-to-long horizons.
- Consistent positive alpha versus the NIFTY50 VALUE 20 benchmark across all measured horizons, including 5.456% over 5Y and 6.04% over 7Y
- Lower downside capture (76.32%-86.09%) than upside capture, indicating better-than-benchmark resilience in falling markets
- SIP XIRR of 19.1% over 5Y and 17.67% over 3Y exceeds category averages of 17.02% and 16.98% respectively
- Heavy sector concentration in Banks at 26.5% of NAV, with the top three holdings all being banks, exposing investors to financial-sector cyclicality
- Recent underperformance, with a -12.79% calendar year return in 2026 and a 1Y SIP XIRR of 9.53% trailing the category average of 11.63%
Generated on 27-10-2026, 2:15 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 | ₹12.72 L | 19.5% | -64.7% | 143.4% |
| 3 Years | ₹36.00 L | ₹45.98 L | 16.4% | -31.1% | 41.2% |
| 5 Years | ₹60.00 L | ₹92.44 L | 16.2% | -15.2% | 35.2% |
| 7 Years | ₹84.00 L | ₹1.54 Cr | 16.4% | -6.3% | 26.8% |
| 10 Years | ₹1.20 Cr | ₹2.99 Cr | 17.5% | 13.4% | 21.4% |
| 12 Years | ₹1.44 Cr | ₹4.20 Cr | 16.4% | 13.2% | 18.9% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY50 VALUE 20 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 19.5% | 14.9% | 11.6% | +4.6% |
| 3 Years | 16.4% | 12.9% | 16.9% | +3.5% |
| 5 Years | 16.2% | 13.5% | 17.0% | +2.7% |
| 7 Years | 16.4% | 13.3% | 16.0% | +3.1% |
| 10 Years | 17.5% | 13.6% | 16.5% | +3.9% |
| 12 Years | 16.4% | 14.1% | 16.1% | +2.3% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.5% | 13.4% | -41.5% | 119.5% | 0.47 | 1.38 | 76% | — | — |
| 3 Years | 16.6% | 16.9% | -12.5% | 45.0% | 0.98 | 2.83 | 93% | — | — |
| 5 Years | 15.8% | 15.1% | -3.5% | 36.7% | 1.22 | 6.47 | 98% | — | — |
| 10 Years | 16.0% | 15.7% | 12.3% | 19.3% | 6.36 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY50 VALUE 20
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +0.74 | 0.90 | 86.8% | 85.2% | -11.0% | -13.7% |
| 3 Years | +4.64 | 0.85 | 85.9% | 78.5% | 8.9% | 3.8% |
| 5 Years | +5.70 | 0.83 | 84.4% | 76.0% | 11.2% | 5.3% |
| 7 Years | +6.23 | 0.89 | 88.5% | 80.5% | 16.7% | 10.9% |
| 10 Years | +1.38 | 0.87 | 85.6% | 82.3% | 12.5% | 11.8% |
| 12 Years | +3.38 | 0.86 | 85.6% | 80.3% | 12.5% | 9.6% |
| 15 Years | +2.82 | 0.84 | 84.2% | 79.0% | 12.4% | 10.2% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Ltd | 7.84% |
| 2 | Axis Bank Ltd | 7.02% |
| 3 | ICICI Bank Ltd | 5.67% |
| 4 | Reliance Industries Ltd | 4.93% |
| 5 | Cipla Ltd | 3.72% |
| 6 | Tata Consultancy Services Ltd | 3.63% |
| 7 | Infosys Ltd | 2.94% |
| 8 | RBL Bank Ltd | 2.90% |
| 9 | Maruti Suzuki India Ltd | 2.78% |
| 10 | ITC Ltd | 2.58% |