Franklin India Equity Advantage Fund Direct-Growth

Q: What are the returns of Franklin India Equity Advantage Fund?

The Franklin India Equity Advantage Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 14.89% since inception. Franklin India Equity Advantage Fund Returns 1-Year 3-Year 5-Year 10-Year Since Inception 13.09% 16.03% 27.11% 12.27% 14.89%

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹197.1812+1.14% 1 day change	14.89% p.a.	#NA View Ranked Funds	2

Historical NAV & returns

NAV: ₹197.1812 as on Apr 23, 2025

This fund Category average

Franklin India Equity Advantage Fund overview

VRO rating	2
Expense ratio	1.36% as on Mar 31, 2025
Exit load	1.0% Exit load of 1% if redeemed within 1 year!
AUM (Fund size)	₹3,273 Crs
Lock-in	No Lockin
Age	12 yrs 3 m since Jan 01, 2013
Benchmark	Nifty Large Midcap 250 TRI
Min. investment	SIP ₹500 & Lump. ₹5000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, pay tax of 12.5% on returns of ₹1.25 lakh+ in a financial year

Franklin India Equity Advantage Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 24, 2025

Period	This fund	Category average
1 month	3.09%	3.15%
3 months	3.39%	3.56%
6 months	-2.42%	-2.64%
1 year	13.09%	11.18%
3 years	16.03%	19.23%
5 years	27.11%	27.74%
7 years	13.15%	15.73%
10 years	12.27%	15.37%

Asset allocationas on Mar 31, 2025

Large Cap 47.380140000000004%

Mid Cap 37.348419%

Small Cap 12.761441%

Other Cap 0.0%

Top holdings

HDFC Bank Ltd.4.05%

Axis Bank Ltd.3.47%

Reliance Industries Ltd.2.98%

Godrej Consumer Products Ltd.2.9%

Top sectors

Financial 21.11%

Services 12.309999999999999%

Automobile 11.96%

Technology 9.479999999999999%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Cash/Net Current Assets 2.51333663%

Other Holdings

Others 2.51%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Franklin India Equity Advantage Fund	N.A.	₹3,273 Crs	12 yrs 3 m	1.36%
ICICI Prudential Large & Mid Cap Fund	N.A.	₹19,353 Crs	12 yrs 3 m	0.88%
Kotak Equity Opportunities Fund	N.A.	₹24,913 Crs	12 yrs 3 m	0.61%
Quant Large and Mid Cap Fund	N.A.	₹3,519 Crs	12 yrs 3 m	0.66%
HDFC Large and Mid Cap Fund	N.A.	₹23,380 Crs	12 yrs 3 m	1.02%
Motilal Oswal Large and Midcap Fund	N.A.	₹8,713 Crs	5 yrs 6 m	0.54%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Franklin India Equity Advantage Fund	3.09%	-2.42%	13.09%	16.03%	27.11%	12.27%
ICICI Prudential Large & Mid Cap Fund	3.66%	1.53%	14.57%	22.99%	32.15%	16.16%
Kotak Equity Opportunities Fund	2.76%	-3.45%	9.14%	19.97%	27.45%	16.47%
Quant Large and Mid Cap Fund	3.85%	-5.95%	-1.5%	20.01%	28.85%	17.24%
HDFC Large and Mid Cap Fund	3.44%	-2.36%	9.8%	21.62%	30.96%	14.39%
Motilal Oswal Large and Midcap Fund	3.79%	-6.36%	15.16%	26.94%	32.13%	12.53%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Franklin India Equity Advantage Fund	14.19	0.94	0.56	0.9
ICICI Prudential Large & Mid Cap Fund	12.77	0.84	1.1	1.86
Kotak Equity Opportunities Fund	14.42	0.94	0.8	1.25
Quant Large and Mid Cap Fund	17.38	1.1	0.68	1.12
HDFC Large and Mid Cap Fund	15.22	1.01	0.86	1.38
Motilal Oswal Large and Midcap Fund	18.71	1.09	0.95	1.1

View all Large & Midcap funds

Key risk & return ratios Compared to other funds in the category

Alpha	0.81 vs. 5.49 Underperformed at beating benchmark
Sharpe	0.56 vs. 5.7 Poor risk-adjusted returns
Beta	0.94 vs. 0.92 More sensitive to market's ups & downs
Standard deviation	14.19 vs. 12.74 More volatile performance

Compare Franklin India Equity Advantage Fund in detail with

About this fund

About Franklin India Equity Advantage Fund

Franklin India Equity Advantage Fund Direct-Growth is a Large & MidCap mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been in existence for 12 yrs 3 m, having been launched on 01/01/2013. Franklin India Equity Advantage Fund Direct-Growth has ₹3,273 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Franklin India Equity Advantage Fund Direct-Growth as of 23/04/2025 is ₹197.18. The fund has an expense ratio of 1.36%, which is higher than what most other Large & Midcap funds charge.

Franklin India Equity Advantage Fund Direct-Growth returns of last 1-year are 13.86%. Since launch, it has delivered 14.89% average annual returns. The fund has doubled the money invested in it every 5 yrs.
Franklin India Equity Advantage Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund has the majority of its money invested in Financial, Services, Automobile, Technology, Healthcare sectors. It has taken less exposure in Financial, Services sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., Axis Bank Ltd., Reliance Industries Ltd., Godrej Consumer Products Ltd., Tata Consultancy Services Ltd..

...

Fund AUM	₹3,273 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Venkatesh Sanjeevi

Mr. Sanjeevi is a PGDM (IIM- Ahmedabad), CA, B.Com Prior to joining Franklin Templeton Asset Management (India) Pvt. Ltd., he has worked with Pictet Asset Management, London, ICICI Prudential AMC, Edelweiss Asset Mgmt. Ltd., Edelweiss Securities Ltd. and Hindustan Unilever Ltd.

R Janakiraman

Mr. Janakiraman is a B.E and PGDM (Business Management). Prior to joining Franklin Templeton Investments, he has worked with Indian Syntans Inv. Pvt. Ltd., Citicorp Information Tech Ltd. and UTI Securities Exchange Ltd.

Investment objective

The scheme seeks to provide medium to long-term capital appreciation by investing primarily in Large and Mid-cap stocks.

Franklin Templeton Mutual Fund details

No. of schemes	34 view all schemes
Total AUM	₹1,08,219 Crs as on Mar 31, 2025
Address	Unit No.202/203/204, 2nd Floor Dalamal Tower, Plot No. 211 Free Press Journal Marg, Nariman Point Mumbai, 400013
Phone	1800-425-4255 / 60004255

More funds from Franklin Templeton Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	5Y
Franklin Build India Fund	N.A.	₹2,642 Crs	6.79%	37.22%
Franklin India Smaller Companies Fund	N.A.	₹11,970 Crs	3.4%	36.32%
Franklin India Opportunities Fund	N.A.	₹6,047 Crs	14.17%	34.34%
Templeton India Value Fund	N.A.	₹2,079 Crs	7.33%	33.65%
Templeton India Equity Income Fund	N.A.	₹2,286 Crs	7.92%	31.74%
Franklin India Flexi Cap Fund	N.A.	₹17,394 Crs	12.01%	30.07%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Franklin India Equity Advantage Fund?

The current Net Asset Value (NAV) of the Franklin India Equity Advantage Fund - Direct Growth plan is approximately ₹197.1812 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Franklin India Equity Advantage Fund is a 12 yrs 3 m old fund and has delivered average annual returns of 14.89% since inception.

Franklin India Equity Advantage Fund Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
13.09%	16.03%	27.11%	12.27%	14.89%

How much does this mutual fund charge as expense ratio?

The Franklin India Equity Advantage Fund - Direct Growth has an expense ratio of 1.36%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Franklin India Equity Advantage Fund currently has assets under management (AUM) or fund size valued at approximately ₹3,273 Crs crore as of Mar 31, 2025.

What are the top stock holdings of Franklin India Equity Advantage Fund?

The Franklin India Equity Advantage Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	4.05%
Axis Bank Ltd.	3.47%
Reliance Industries Ltd.	2.98%
Godrej Consumer Products Ltd.	2.9%
Tata Consultancy Services Ltd.	2.84%
Eternal Ltd.	2.54%
Swiggy Ltd.	2.45%
Grasim Industries Ltd.	2.29%
ICICI Bank Ltd.	2.28%
Kotak Mahindra Bank Ltd.	2.19%

What are the top sectors Franklin India Equity Advantage Fund has invested in?

The Franklin India Equity Advantage Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	21.11%
Services	12.309999999999999%
Automobile	11.96%
Technology	9.479999999999999%
Healthcare	8.19%
Consumer Staples	8.11%
Capital Goods	7.5200000000000005%
Energy	4.35%
Insurance	4.25%
Construction	3.52%

What is risk level of Franklin India Equity Advantage Fund?

This is a Large & Midcap fund comes with Very High risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in Franklin India Equity Advantage Fund?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Franklin India Equity Advantage Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Franklin India Equity Advantage Fund is complete.

How can I redeem my investments in Franklin India Equity Advantage Fund?

Redeeming your investments in Franklin India Equity Advantage Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Franklin India Equity Advantage Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Large & MidCap

#NA

Return Outperformance: This fund has generated highest return amongst Large & MidCap funds in the last 1 Year.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Chance: This fund has generated only 10.02% annual return in 70% of times for investors holding for at least 5 years.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1% if redeemed within 1 year