Franklin India Multi-Factor Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Franklin India Multi-Factor Fund Direct Growth Plan has a NAV of ₹9.2624 as of 16 Sep 2026 and manages ₹615 Cr. Its 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available, while the risk category is High Risk.
Our view is that this fund currently suits investors who can tolerate sharp swings and are willing to wait through uneven stretches of performance. The benchmark comparison and the portfolio make it clear that this is an equity strategy with meaningful exposure to large financial, industrial and telecom names, but the absence of a long return history means the case depends more on the risk profile and portfolio mix than on track record.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹9.2624 as of 16 Sep 2026 |
| AUM | ₹615 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 28 Nov 2025 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Exit Load | NIL upto 10% of units and 0.50% for remaining units on or before 1Y, Nil after 1Y |
| Fund Managers | Arihant Jain, Mukesh Jain |
The fund is managed by Arihant Jain and Mukesh Jain.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -4.82% | -4.41% |
| 3M | -3.52% | -3.60% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent picture is mixed but not wildly different from the benchmark. Over 1 month, the fund fell slightly more than Nifty 50, while over 3 months it declined a touch less, which points to a pattern of close tracking with small swings around the index rather than a clean, decisive lead.
The short history also matters. The fund launched only on 28 Nov 2025, so there is no 1-year, 3-year or 5-year return history yet. That makes the recent numbers useful for checking behaviour, but not enough for a full read on compounding through a full market cycle.
On the available evidence, the fund has behaved in line with a high-risk equity approach: it can lag in one short window and then recover some ground in the next. For investors, that means the focus should stay on how the portfolio is built and whether they are comfortable with equity volatility rather than on a long record of outperformance.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Franklin India Multi-Factor?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Franklin India Multi-Factor? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Franklin India Multi-Factor Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Baroda BNP Paribas Gold ETF FoF Direct Growth Plan | 34.39% | Data not available | Data not available |
| HDFC Innovation Fund Direct Growth Plan | 14.3% | Data not available | Data not available |
| Bajaj Finserv Small Cap Fund Direct Growth Plan | 13.33% | Data not available | Data not available |
| Quant Equity Savings Fund Direct Growth Plan | 8.75% | Data not available | Data not available |
| Kotak Active Momentum Fund Direct Growth Plan | 6.31% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Against the available peer returns, this fund has no 1-year figure to place beside the others, so the short-term comparison cannot show a performance edge. The longer-horizon columns are also unavailable for every fund in the table, so the peer view is limited to the recent period.
That means the comparison tells a narrow story: some peers have posted positive 1-year gains, while this fund is still too new for the same yardstick. For now, the more useful question is whether its behaviour around the benchmark stays stable enough to suit a high-risk equity allocation.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| HDFC Bank Ltd | Bank | 5.89% |
| ICICI Bank Ltd | Bank | 4.99% |
| Reliance Industries Ltd | Crude Oil | 4.3% |
| Larsen & Toubro Ltd | Infrastructure | 3.51% |
| Bharti Airtel Ltd | Telecom | 2.9% |
| Axis Bank Ltd | Bank | 2.52% |
| State Bank of India | Bank | 2.51% |
| Infosys Ltd | IT | 2.49% |
| Titan Co Ltd | Diamond & Jewellery | 2.02% |
| Eicher Motors Ltd | Automobile & Ancillaries | 1.59% |
The top 10 holdings account for approximately 32.72% of the portfolio.
To see all holdings, visit the Franklin India Multi-Factor Fund Direct Growth Plan page
The largest holding, HDFC Bank Ltd, carries a 5.89% weight, so no single position dominates the disclosed list. The step-down from the first holding to the tenth is gradual rather than abrupt, moving from 5.89% to 1.59%, which suggests that influence is spread across several large names instead of concentrated in one or two positions.
The mix also looks fairly balanced across banks, infrastructure, telecom, IT and consumer-linked stocks. With 32.72% of the portfolio represented by the top 10 holdings and 75 holdings disclosed overall, the fund may have a meaningful core of larger positions while still leaving room for a longer tail of smaller allocations.
That shape could help reduce dependence on any single stock, but it also means performance may reflect a broad set of market moves across several sectors. For investors, the portfolio profile supports a diversified equity exposure rather than a narrow thematic bet.
Source data date: as of 16 Sep 2026
Who should invest
This fund fits investors who are comfortable with High Risk equity exposure and can hold through uneven short-term moves. The available return record is too short to judge long-cycle consistency, so the key comfort test is whether an investor can tolerate periods when the fund tracks the benchmark closely or lags it slightly.
Its portfolio is spread across several large positions and 75 disclosed holdings, which makes it a better fit for investors who want diversified equity exposure rather than a single-sector story. The main trade-off is that a diversified, factor-driven portfolio may still show sharp volatility in the near term, even when the long-term intent is to capture broader equity growth.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: NIL upto 10% of units and 0.50% for remaining units on or before 1Y, Nil after 1Y
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Franklin India Multi-Factor Fund Direct Growth Plan?
The current NAV is ₹9.2624 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available. The scheme is still too new for those longer return periods.
How has it performed versus Nifty 50 recently?
Over 1 month, the fund fell 4.82% versus 4.41% for Nifty 50. Over 3 months, it fell 3.52% versus 3.60% for Nifty 50, so the recent pattern is broadly close to the benchmark.
Which peer fund has the highest 1-year return in the comparison table?
Baroda BNP Paribas Gold ETF FoF Direct Growth Plan shows the highest 1-year return among the listed peers at 34.39%.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is the exit load?
The fund is managed by Arihant Jain and Mukesh Jain. The exit load is nil up to 10% of units sold on or before 1 year, 0.50% for the remaining units on or before 1 year, and nil after 1 year.
Bottom line
Franklin India Multi-Factor Fund Direct Growth Plan is still too young for a long performance verdict, so recent behaviour matters more than multi-year returns at this stage. The short-term picture is close to the benchmark, while the peer table shows that several other funds have measurable 1-year gains that this scheme cannot yet match on history. Its High Risk label, broad spread across 75 holdings and lack of a long track record make it most suitable for investors who are comfortable with equity volatility and want diversified exposure rather than a quick performance story.
Published on 17 September 2026 at 12:46 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.