Franklin India Large Cap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 4, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Franklin India Large Cap Fund Direct Growth Plan has a NAV of ₹1,125.6383 as of 08 Sep 2026 and a scheme AUM of ₹7,488 Cr. Its 1-year, 3-year and 5-year returns are -0.65%, 9.90% and 8.48%, respectively, and it sits in the High Risk category.
Our view is that this is a large-cap equity fund for investors who can accept uneven short-term swings in exchange for a steadier long-term equity allocation. The benchmark comparison suggests a mixed picture in the near term, but the 3-year and 5-year numbers still point to a fund that can participate in broader market recovery over time.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹1,125.6383 as of 08 Sep 2026 |
| AUM | ₹7,488 Cr |
| Expense Ratio | 1.08% |
| Launch Date | 01 Jan 2013 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | No exit load after holding period |
| Fund Managers | Venkatesh Sanjeevi, Ajay Argal, Sandeep Manam |
The fund is managed by Venkatesh Sanjeevi, Ajay Argal and Sandeep Manam.
Source data date: as of 08 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -3.17% | -3.86% |
| 3M | 5.22% | 1.69% |
| 1Y | -0.65% | -5.72% |
| 3Y | 9.90% | 6.30% |
| 5Y | 8.48% | 6.05% |
Over the latest month, the fund fell, but it held up better than the benchmark. That is useful context because the same short window shows market weakness more broadly, and the fund’s smaller decline suggests it did not fully mirror the benchmark’s pressure.
The 3-month picture is more encouraging. The fund has moved higher in a choppy way, and its 3-month return is well ahead of the benchmark, which tells us the portfolio has been able to recover more quickly than the index over this stretch.
The 1-year record is still negative, which means the recent period has not been smooth. Even so, the benchmark has been weaker over the same horizon, so relative to the index the fund has protected capital better than the market proxy, even though absolute returns remain below zero.
Longer term, the 3-year and 5-year numbers are both positive and ahead of the benchmark. That pattern matters more for a large-cap fund than a single weak year, because it suggests the fund has been able to compound through different market phases rather than relying only on one strong stretch.
Source data date: as of 08 Sep 2026
Should you BUY or HOLD Franklin India Large Cap?
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 Large Cap? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Franklin India Large Cap Fund Direct Growth Plan | -0.65% | 9.90% | 8.48% |
| Quant Large Cap Fund Direct Growth Plan | 9.01% | 13.24% | Data not available |
| Taurus Large Cap Fund Direct Growth Plan | 8.36% | 12.98% | 10.51% |
| Bank of India Large Cap Fund Direct Growth Plan | 7.74% | 13.02% | 9.97% |
| Invesco India Largecap Fund Direct Growth Plan | 5.28% | 14.09% | 11.99% |
| ITI Large Cap Fund Direct Growth Plan | 3.35% | 11.02% | 9.63% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return is weaker than all five peers listed here, while its 3-year return is still competitive against the group. The 5-year figure is available for four peers, and Franklin’s 8.48% sits below those figures, so the short-term and longer-term peer comparisons tell different stories. That mix points to a fund that has not kept pace recently, even though its medium-term record is still workable versus the benchmark and some peers.
Source data date: as of 08 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| ICICI Bank Ltd | Bank | 9.66% |
| Mahindra & Mahindra Ltd | Automobile & Ancillaries | 6.16% |
| Reliance Industries Ltd | Crude Oil | 5.85% |
| HDFC Bank Ltd | Bank | 5.43% |
| Bajaj Finserv Ltd | Finance | 4.49% |
| Eternal Ltd | Retailing | 4.36% |
| Kotak Mahindra Bank Ltd | Bank | 4.23% |
| Infosys Ltd | IT | 4.22% |
| Torrent Pharmaceuticals Ltd | Healthcare | 4.04% |
| SBI Life Insurance Co Ltd | Insurance | 3.67% |
The largest holding, ICICI Bank Ltd, stands at 9.66%, which is large enough to matter to returns but not so large that one stock dominates the entire portfolio. The weight then steps down fairly gradually through other large names, and the tenth holding still carries 3.67%, so the top end is meaningful without being extreme.
The top 10 holdings together account for approximately 52.11% of the portfolio, while the full disclosed holding set contains 41 names. That combination suggests a portfolio that is concentrated in a relatively small set of core positions, yet still broad enough to avoid being driven by only one or two stocks. In our view, this structure may give the fund a clear large-cap bias while leaving room for the remaining holdings to contribute across sectors.
Because the holdings are spread across banks, autos, energy, finance, retailing, IT, healthcare and insurance, the fund may not depend on a single industry theme. At the same time, the visible weight profile shows that the fund is likely to have greater influence from the largest positions than from the long tail, so stock selection at the top of the book remains important.
To see all holdings, visit the Franklin India Large Cap Fund Direct Growth Plan page
Source data date: as of 08 Sep 2026
Who should invest
This fund suits investors who are comfortable with High Risk equity exposure and who can stay invested for several years. The one-year decline shows that returns can be uneven in the short run, but the 3-year and 5-year records are positive and remain ahead of the benchmark, which makes a longer horizon more relevant than a short trading-style view.
The main trade-off is between near-term volatility and the chance to participate in large-cap equity compounding over time. The portfolio’s heavy but not excessive concentration in a few large companies may help the fund stay anchored to quality names, yet it also means short-term performance can still move around with those holdings.
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: No exit load after holding period.
Source data date: as of 08 Sep 2026
Frequently asked questions
What is the current NAV of Franklin India Large Cap Fund Direct Growth Plan?
The current NAV is ₹1,125.6383 as of 08 Sep 2026.
How has Franklin India Large Cap Fund Direct Growth Plan performed over 1 year, 3 years and 5 years?
Its 1-year return is -0.65%, its 3-year return is 9.90%, and its 5-year return is 8.48%.
How does the fund compare with the Nifty 50 benchmark?
It has done better than the benchmark over 1 month, 3 months, 3 years and 5 years, while the 1-year return is still negative but better than the benchmark’s 1-year decline.
Which peer fund has the strongest 1-year return among the listed peers?
Quant Large Cap Fund Direct Growth Plan has the strongest listed 1-year return at 9.01% among the peers shown here.
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 Venkatesh Sanjeevi, Ajay Argal and Sandeep Manam. There is no exit load after the holding period.
Bottom line
Franklin India Large Cap Fund Direct Growth Plan has a mixed recent record, but its longer-term numbers are more settled and remain ahead of the benchmark over 3 years and 5 years. The peer set tells a less flattering short-term story, since the 1-year return trails the listed peers, yet the medium-term picture is still usable. The portfolio is anchored by a handful of large positions, especially in financials, which may help the fund stay true to a large-cap style while keeping stock-specific influence meaningful.
Published on 9 September 2026 at 6:22 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.