Franklin India Mid Cap Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The Franklin India Mid Cap Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 18.25% since inception. Franklin India Mid Cap Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 4.26% 22.28% 17.93% 16.6% 18.25%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹2992.5651-0.85% 1 day change	18.25% p.a.	App exclusive #NA View Ranked Funds	₹12,831 Cr

Historical NAV & returns

NAV: ₹2992.5651 as on Feb 02, 2026

This fund Category average

Franklin India Mid Cap Fund overview

Expense ratio	1.02% as on Jan 31, 2026
Exit load	1.0% Exit load of 1% if redeemed within 1 year!
AUM (Fund size)	₹12,831 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
Benchmark	NIFTY Midcap 150 TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹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, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Franklin India Mid Cap 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 Feb 03, 2026

Period	This fund	Category average
1 Month	-6.26%	-5.32%
3 Months	-5.71%	-6.06%
6 Months	-2.52%	-1.6%
1 Year	4.26%	7.78%
2 Years	12.1%	10.87%
3 Years	22.28%	21.34%
4 Years	16.27%	15.42%
5 Years	17.93%	19.31%
7 Years	17.56%	18.87%
10 Years	16.6%	16.62%

View returns in detail

Asset allocationas on Dec 31, 2025

Large Cap 14.53%

Mid Cap 65.7%

Small Cap 15.56%

Other Cap 0%

Top holdings

The Federal Bank Ltd.2.51%

Mahindra & Mahindra Financial Services Ltd.2.37%

Mphasis Ltd.2.29%

APL Apollo Tubes Ltd.2.24%

Top sectors

Financial 19.130000000000003%

Healthcare 9.49%

Capital Goods 8.25%

Automobile 7.84%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Reserve Bank of India 0.19%

Allocation by Instruments

Cash/Net Current Assets 4.01755427%

Treasury Bills 0.19425367%

Additional Tier 1 Bond 6.0E-8%

Other Holdings

Others 4.02%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Franklin India Mid Cap Fund	-6.26%	-2.52%	4.26%	22.28%	17.93%	16.6%
HDFC Mid Cap Fund	-3.42%	3.25%	13.4%	25.92%	24.19%	19.89%
Nippon India Growth Mid Cap Fund	-4.17%	0.71%	10.98%	25.7%	23.3%	19.94%
Motilal Oswal Midcap Fund	-7.8%	-10.58%	-4.17%	23.28%	25.54%	18.22%
Edelweiss Mid Cap Fund	-4.66%	1.31%	10.91%	26.68%	23.68%	20.4%
Kotak Midcap Fund	-5.0%	-2.91%	9.46%	21.86%	21.13%	19.85%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Franklin India Mid Cap Fund	14.9	0.91	1.02	1.44
HDFC Mid Cap Fund	13.88	0.85	1.31	1.87
Nippon India Growth Mid Cap Fund	15.42	0.95	1.18	1.74
Motilal Oswal Midcap Fund	18.56	0.96	0.92	1.15
Edelweiss Mid Cap Fund	15.41	0.93	1.27	1.64
Kotak Midcap Fund	15.18	0.89	1.0	1.25

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Franklin India Mid Cap Fund	N.A.	12,831 Cr	13 yrs 1 m	1.02%
HDFC Mid Cap Fund	N.A.	92,642 Cr	13 yrs 1 m	0.74%
Nippon India Growth Mid Cap Fund	N.A.	42,124 Cr	13 yrs 1 m	0.74%
Motilal Oswal Midcap Fund	N.A.	36,880 Cr	12 yrs	0.76%
Edelweiss Mid Cap Fund	N.A.	13,650 Cr	13 yrs 1 m	0.42%
Kotak Midcap Fund	N.A.	60,637 Cr	13 yrs 1 m	0.38%

View all Mid Cap funds

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

Alpha	1.1 vs. 6.75 Underperformed at beating benchmark
Sharpe	1.02 vs. 6.89 Poor risk-adjusted returns
Beta	0.91 vs. 1.05 Less sensitive to market ups & downs
Standard deviation	14.9 vs. 14.58 More volatile performance

About this fund

About Franklin India Mid Cap Fund

Franklin India Mid Cap Fund Direct-Growth is a Mid Cap mutual fund scheme from Franklin Templeton Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. Franklin India Mid Cap Fund Direct-Growth has ₹12,831 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Franklin India Mid Cap Fund Direct-Growth as of 02/02/2026 is ₹2992.57. The fund has an expense ratio of 1.02%, which is higher than what most other Mid Cap funds charge.

Franklin India Mid Cap Fund Direct-Growth returns of last 1-year are 4.31%. Since launch, it has delivered 18.25% average annual returns. The fund has doubled the money invested in it every 4 yrs.
Franklin India Mid Cap 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 average.
The fund has the majority of its money invested in Financial, Healthcare, Capital Goods, Automobile, Services sectors. It has taken less exposure in Financial, Healthcare sectors compared to other funds in the category.
The fund's top 5 holdings are in The Federal Bank Ltd., Mahindra & Mahindra Financial Services Ltd., Mphasis Ltd., APL Apollo Tubes Ltd., IDFC First Bank Ltd..

...

Fund AUM	12,831 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Akhil Kalluri

Mr. Kalluri is a MBA, IIM Lucknow. B.Tech. (Electronics and Communications Engineering), Andhra University Prior to joining Franklin Templeton Mutual Fund, he has worked with Credit Suisse, ICICI Securities.

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

An open-end growth scheme with an objective to provide medium to long term capital appreciation as a primary objective and income as a secondary objective.

Franklin Templeton Mutual Fund details

No. of schemes	34 view all schemes
Total AUM	1,28,113 Cr as on Dec 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	1Y	5Y
Franklin Build India Fund	N.A.	3,036 Cr	11.56%	24.8%
Franklin India Small Cap Fund	N.A.	13,238 Cr	-3.06%	21.0%
Franklin India Opportunities Fund	N.A.	8,380 Cr	6.23%	20.85%
Templeton India Value Fund	N.A.	2,326 Cr	7.68%	19.58%
Franklin India Dividend Yield Fund	N.A.	2,402 Cr	5.64%	19.31%

See all Equity funds from this AMC

Frequently asked questions

What is the current NAV of Franklin India Mid Cap Fund Direct-Growth?

The current Net Asset Value (NAV) of the Franklin India Mid Cap Fund - Direct Growth plan is approximately ₹2992.5651 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Franklin India Mid Cap Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 18.25% since inception.

Franklin India Mid Cap Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
4.26%	22.28%	17.93%	16.6%	18.25%

How much does this mutual fund charge as expense ratio?

The Franklin India Mid Cap Fund - Direct Growth has an expense ratio of 1.02%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

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

The Franklin India Mid Cap Fund currently has assets under management (AUM) or fund size valued at approximately 12,831 Cr as on Dec 31, 2025.

What are the top stock holdings of Franklin India Mid Cap Fund?

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

Company	Percentage of Portfolio
The Federal Bank Ltd.	2.51%
Mahindra & Mahindra Financial Services Ltd.	2.37%
Mphasis Ltd.	2.29%
APL Apollo Tubes Ltd.	2.24%
IDFC First Bank Ltd.	2.09%
Prestige Estates Projects Ltd.	2.03%
Cummins India Ltd.	1.87%
Biocon Ltd.	1.8%
Max Financial Services Ltd.	1.64%
The Phoenix Mills Ltd.	1.64%

What are the top sectors Franklin India Mid Cap Fund has invested in?

The Franklin India Mid Cap Fund has primarily invested in the following sectors

Sector	Percentage of Portfolio
Financial	19.130000000000003%
Healthcare	9.49%
Capital Goods	8.25%
Automobile	7.84%
Services	7.760000000000001%
Construction	6.07%
Technology	5.95%
Chemicals	5.880000000000001%
Consumer Staples	4.2299999999999995%
Communication	3.84%

What is risk level of Franklin India Mid Cap Fund?

This is a Mid Cap 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 Mid Cap Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

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 Mid Cap Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Franklin India Mid Cap Fund is complete.

How can I redeem my investments in Franklin India Mid Cap Fund?

Redeeming your investments in the Franklin India Mid Cap Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Mid Cap

#NA

Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Return/Risk: The fund is performing poorly than its category.
Exit Load: Exit load of 1% if redeemed within 1 year