Franklin India Equity Advantage Fund Direct Growth
Equity
Direct
Large & Mid-Cap
NAV as on 21-02-2025
₹ 185.14
1D
Inception Returns
14.5%
/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 ₹3370 Cr worth of assets under management (AUM) as on Jan 2025 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 14.52% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.65%, 13.36% and 16.78% respectively.
Holdings
Franklin India Equity Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Consumer Defensive, Health, Basic Materials, Real Estate, Energy, Utilities. Its top holdings are HDFC Bank Ltd, SBI Cards and Payment Services Ltd Ordinary Shares, Kotak Mahindra Bank Ltd, Axis Bank Ltd, Reliance Industries 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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
Absolute
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195 people have invested ₹ 17.4L 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 | 1.33% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹3370 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 70.24% |
| STCG | Selling mutual fund 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-Feb-25)
Fund Distribution
as on (31-Jan-25)
Large cap
47.1%
Mid cap
36.2%
Small cap
12.2%
Sector Allocation
Financial Services
29.6%
Consumer Cyclical
15.8%
Industrial
13.9%
Tech
11.6%
Consumer Defensive
8.5%
Health
6.7%
Basic Materials
4.4%
Real Estate
3.8%
Energy
3%
Utilities
2.9%
All changes are between Nov'24 and Jan'25
- AUM of the fund stands at 3.4K Cr as of Jan'25
- AUM decreased by 121.8 Cr between Jan'25 and Dec'24
Top Stocks bought last month
SBI Cards and Payment Services Ltd Ordinary Shares's allocation increased from 2.91% to 4.05%
HDFC Bank Ltd's allocation increased from 3.01% to 4.14%
Tata Consultancy Services Ltd's allocation increased from 1% to 2.08%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 3.83 % to 3.02 %
Godrej Properties Ltd's allocation decreased from 2.56 % to 2.22 %
Mahindra & Mahindra Ltd's allocation decreased from 4.28 % to 2.11 %
Mid Cap allocation has gone down from 37.5% to 36.2%
Large Cap allocation has gone down from 48.8% to 47.1%
Small Cap allocation has gone up from 10.3% to 12.2%
Cash allocation has gone up from 2.4% to 2.9%
Top 3 Sectors in January were Financial Services, Consumer Cyclical & Industrial
Jan'25
Financial Services
30%
Consumer Cyclical
16%
Industrial
14%
Dec'24
Financial Services
31%
Consumer Cyclical
16%
Industrial
14%
See all
Top Growth Drivers | 1M Return |
|---|---|
 SBI Cards & Payment Services Ltd | 11.4% |
 Kotak Mahindra Bank Ltd | 4.1% |
 Tata Consumer Products Ltd | 3.8% |
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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
₹1.14L Cr
as on 31-Jan-2025
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+9122-67519100
Website
services@franklintempleton.com
Mutual Fund Insights
In the last 1 year, Invesco India Large&MidCap Fund Direct Plan Growth has given 14.86% return, outperforming this fund by 6.21%.
In the last 5 years, Quant Large and Mid Cap Fund Growth Option Direct Plan has given 23.64% return, outperforming this fund by 6.85% per annum.
Over the last 6 months, this fund has experienced a 7.3% drop in AUM moving from 3.63K Cr to 3.36K Cr.
In the last 3 years, Bandhan Core Equity Fund Direct Plan Growth has given 22.12% return, outperforming this fund by 8.75% 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 14.52% since inception which is more than its category average return of 13.6%
Fund Allocations
This fund has an allocation of 97.1% in Equity, 0% in Debt and 2.9% in Cash related instruments
AUM size ₹3370 Cr
This fund has AUM of ₹3370 Cr which is less than its category average of ₹ 7469 Cr
Expense Ratio 1.33%
This fund has an expense ratio of 1.33% 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 ₹185.14 as on 21-Feb-2025.
Existing (Absolute + CAGR) as on 21-Feb-2025.
Franklin India Equity Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.6% | -3.6% |
6 Month Returns | -9.07% | -9.07% |
1 Year Returns | 8.65% | 8.65% |
3 Years Returns | 45.68% | 13.36% |
5 Years Returns | 117.21% | 16.78% |
With INDmoney, the process of investing is very simple and involves zero commission.
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1.33% as on January 2025
₹3370 Cr as on January 2025
HDFC Bank Ltd(4.14%), SBI Cards and Payment Services Ltd Ordinary Shares(4.05%), Kotak Mahindra Bank Ltd(3.16%), Axis Bank Ltd(3.02%), Reliance Industries Ltd(2.87%) as on January 2025
Financial Services(28.77%), Consumer Cyclical(15.34%), Industrial(13.48%) as on January 2025
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 | 3.01 | -2.13 | -2.96 |
As on January 2025
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 | 1.11 | 0.92 | 1.05 |
As on January 2025
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 | 0.54 | 0.54 | 0.63 |
As on January 2025
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 | 14.68 | 13.69 | 21.49 |
As on January 2025
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 0.91 as on January 2025. 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%