Franklin India Equity Advantage Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 21-11-2024
₹ 197.21
Inception Returns
15.5%
/yr
About Franklin India Equity Advantage Fund Direct Growth
Franklin India Equity Advantage Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by R. Janakiraman. The fund could potentially beat inflation in the long-run.
Key Parameters
- Franklin India Equity Advantage Fund Direct Growth has ₹3518 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.3.
Returns
Franklin India Equity Advantage Fund Direct Growth has given a CAGR return of 15.47% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.95%, 12.46% and 19.00% respectively.
Holdings
Franklin India Equity Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Health, Consumer Defensive, Basic Materials, Real Estate, Utilities, Energy. Its top holdings are Axis Bank Ltd, ICICI Bank Ltd, Mahindra & Mahindra Ltd, Larsen & Toubro Ltd, Max Financial Services Ltd
Taxation
As it is a large & mid-cap mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Franklin India Equity Advantage Fund Direct Growth
To provide medium to long-term capital appreciation by investing primarily in Large and Mid-cap Stocks.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. Franklin India Equity Advantage Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
216 people have invested ₹ 18.3L in Franklin India Equity Advantage Fund Direct Growth in the last three months
INDmoney Rank for Franklin India Equity Advantage Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Franklin India Equity Advantage Fund Direct Growth Overview
| Expense ratio | 1.27% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹3518 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 70.24% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
49.8%
Mid cap
35.8%
Small cap
9.3%
Sector Allocation
Financial Services
28.8%
Consumer Cyclical
18.5%
Tech
11.5%
Industrial
11.3%
Health
9.7%
Consumer Defensive
5.1%
Basic Materials
4.7%
Real Estate
4%
Utilities
3.5%
Energy
3%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -7.11% whereas the fund’s underlying benchmark NIFTY 500 returns stands at -6.52% as on Oct'24
- This fund underperformed NIFTY 500 by 0.59% in Oct'24
- AUM of the fund stands at 3.5K Cr as of Oct'24
- AUM decreased by 279.6 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 2.03% to 3.89%
Reliance Industries Ltd's allocation increased from 1.86% to 2.89%
Jubilant Foodworks Ltd's allocation increased from 1.58% to 2.59%
Top Stocks sold last month
Mahindra & Mahindra Ltd's allocation decreased from 4.05 % to 3.85 %
Max Financial Services Ltd's allocation decreased from 3.13 % to 3.03 %
Zomato Ltd's allocation decreased from 2.88 % to 2.75 %
Mid Cap allocation has gone down from 37.2% to 35.8%
Large Cap allocation has gone down from 49.9% to 49.8%
Small Cap allocation has gone up from 9.2% to 9.3%
Cash allocation has gone up from 1.2% to 2.5%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Tech
Oct'24
Financial Services
29%
Consumer Cyclical
18%
Tech
11%
Sep'24
Financial Services
28%
Consumer Cyclical
21%
Tech
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 18.9% |
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R. Janakiraman
Fund Manager of Franklin India Equity Advantage Fund Direct Growth, since 28 February 2014
Top funds managed
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total Schemes
Total AUM
₹1.17L Cr
as on 31-Oct-2024
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+912267519100
Website
service@templeton.com
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 7.4% drop in AUM moving from 3.79K Cr to 3.51K Cr.
In the last 3 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 25.27% return, outperforming this fund by 12.8% per annum.
In the last 1 year, Motilal Oswal Large and Midcap Fund Direct Growth has given 48.07% return, outperforming this fund by 18.73%.
In the last 5 years, Motilal Oswal Large and Midcap Fund Direct Growth has given 27% return, outperforming this fund by 8.16% per annum.
Franklin India Equity Advantage Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.47% since inception which is less than its category average return of 15.83%
Fund Allocations
This fund has an allocation of 97.48% in Equity, 0% in Debt and 2.52% in Cash related instruments
AUM size ₹3518 Cr
This fund has AUM of ₹3518 Cr which is less than its category average of ₹ 7239 Cr
Expense Ratio 1.27%
This fund has an expense ratio of 1.27% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions for Franklin India Equity Advantage Fund Direct Growth
The current NAV of Franklin India Equity Advantage Fund Direct Growth is ₹197.21 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Franklin India Equity Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.79% | -3.79% |
6 Month Returns | 10.5% | 10.5% |
1 Year Returns | 28.95% | 28.95% |
3 Years Returns | 42.24% | 12.46% |
5 Years Returns | 138.59% | 19% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.27% as on October 2024
₹3518 Cr as on October 2024
Axis Bank Ltd(4.14%), ICICI Bank Ltd(3.89%), Mahindra & Mahindra Ltd(3.85%), Larsen & Toubro Ltd(3.2%), Max Financial Services Ltd(3.03%) as on October 2024
Financial Services(28.08%), Consumer Cyclical(18.01%), Tech(11.21%) as on October 2024
The alpha ratio for the Franklin India Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Franklin India Equity Advantage Fund Direct Growth | -2.07 | -2.85 | -3.53 |
As on October 2024
The alpha for Franklin India Equity Advantage Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Franklin India Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Franklin India Equity Advantage Fund Direct Growth | 1.03 | 0.92 | 1.05 |
As on October 2024
The Beta for Franklin India Equity Advantage Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Franklin India Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Franklin India Equity Advantage Fund Direct Growth | 1.71 | 0.6 | 0.7 |
As on October 2024
The sharpe ratio for Franklin India Equity Advantage Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Franklin India Equity Advantage Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Franklin India Equity Advantage Fund Direct Growth | 15.12 | 13.59 | 21.35 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.02 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
R. Janakiraman is the fund manager of Franklin India Equity Advantage Fund Direct Growth
The Exit load of Franklin India Equity Advantage Fund Direct Growth is 1%