Templeton India Value Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Templeton India Value Fund Direct Growth Plan currently has a NAV of ₹776.5197 as of 03 Sep 2026 and an AUM of ₹2,007 Cr. Its 1-year, 3-year and 5-year returns are -1.3%, 10.7% and 14.01%, respectively, and the scheme is tagged as High Risk.

Our view is that the fund has delivered a mixed path: the long-term return profile is constructive, but the latest 1-year figure is weaker than both its own medium-term record and the benchmark. The portfolio is bank-heavy at the top, with a meaningful slice in large, established businesses, so it may suit investors who can stay with a value-oriented equity fund through uneven stretches.

Quick facts

The fund is managed by Ajay Argal and Rajasa Kakulavarapu.

Source data date: as of 03 Sep 2026

Performance

The recent picture is uneven. Over 1 month, the fund fell less than the benchmark, which shows some relative resilience in a weak market. Over 3 months, however, the benchmark moved ahead, even though both were positive. That tells us the short-term stretch has not been a clean, one-way run for the fund.

The 1-year return is still negative, but it is clearly less weak than the benchmark’s 1-year figure. That matters because it shows the fund preserved more value than the index during a difficult year for equities, even if absolute returns were not satisfying. For an investor, that combination usually points to a fund that can hold up better than the benchmark in a downturn, but not one that avoids volatility.

The 3-year and 5-year numbers paint a stronger long-term case. The fund has outpaced the benchmark across both windows, which suggests the value-oriented approach has been rewarded over a fuller cycle. The spread between the fund and the benchmark is also wide enough to matter in real portfolio outcomes. In our view, the main question is not whether the fund can outperform over time, but whether an investor is comfortable with short periods where the path looks choppy.

That difference between the latest 12-month stretch and the multi-year trend is important. The fund’s longer record remains better than the benchmark, but the most recent period has been weaker than that longer pattern. Investors should read it as a fund with a credible longer-run track record, not as a consistently smooth compounding line.

Source data date: as of 03 Sep 2026

Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. The fund’s 1-year return trails the stronger peer readings in this group, which makes the recent stretch look subdued. Over 3 years, it is ahead of the peers listed here except one, and its 5-year figure sits close to the stronger long-run peer outcomes.

That mix tells a more balanced story than the 1-year number alone. Short-term performance has been less convincing than several peers, but the longer-term record is still competitive in this value-fund set. For investors comparing style consistency, the fund looks stronger on the multi-year view than on the latest year.

Source data date: as of 03 Sep 2026

Portfolio: where your money goes

The largest holding, HDFC Bank Ltd, stands at 7.45%, which is meaningful but not oversized on its own. The gap from the first holding to the tenth is not dramatic in absolute terms, because the top ten positions are spread across banks, IT, healthcare, consumer-linked manufacturing and crude oil names. That shape usually means the fund is not dependent on a single name for its outcome.

The top ten holdings together account for 46.37% of the portfolio, so nearly half of the scheme sits in a relatively small group of companies while the rest is spread across a longer tail of 48 holdings in total. That structure may help reduce the impact of any one stock going off course, but it also means the bigger positions are likely to have greater influence on results than the smaller ones.

For investors, the key point is balance rather than simplicity. The portfolio is not a narrow thematic basket, yet it is still concentrated enough at the top to matter. The presence of banks across the first three positions, along with sizeable stakes in large private-sector names, may make the fund’s returns more sensitive to the performance of a handful of core holdings.

To see all holdings, visit the Templeton India Value Fund Direct Growth Plan page

Source data date: as of 03 Sep 2026

Who should invest

This fund fits investors who can tolerate High Risk and are comfortable with equity-style fluctuations. The latest year was weak, but the 3-year and 5-year records are stronger than the benchmark, which makes the fund more suitable for a patient, long-horizon allocation than for a short holding period.

The trade-off is clear: investors may accept choppy near-term performance in exchange for the possibility of better multi-year compounding. The portfolio’s bank-heavy core and broad 48-holding spread suggest a diversified value approach, but the top positions still matter enough to create meaningful swings.

Tax and exit load

Exit load: No exit load after holding period.

Source data date: as of 03 Sep 2026

Frequently asked questions

What is the current NAV of Templeton India Value Fund Direct Growth Plan?
The current NAV is ₹776.5197 as of 03 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are -1.3% over 1 year, 10.7% over 3 years and 14.01% over 5 years.

How does the fund compare with the benchmark?
It has lagged the benchmark over 3 months and 5 years on the figures shown here, but it has been better over 1 year, 3 years and 5 years on a longer-compounding view.

What is the risk category of this fund?
It is tagged as High Risk, so it is better suited to investors who can handle meaningful equity volatility.

Who manages the fund?
The fund is managed by Ajay Argal and Rajasa Kakulavarapu.

What is the exit load?
There is no exit load after the holding period.

Bottom line

Templeton India Value Fund Direct Growth Plan looks better on a multi-year view than on the latest 12-month stretch. Its 3-year and 5-year returns are ahead of the benchmark, but the recent year has been soft, so the fund’s path is uneven rather than smooth. The portfolio is led by banks and other large, established names, which may support steadier long-run participation while still leaving room for volatility. It suits investors who want a value-oriented equity fund and can stay invested through weaker phases.

Published on 4 September 2026 at 4:48 PM IST