{"id":251167,"date":"2026-09-17T10:05:34","date_gmt":"2026-09-17T04:35:34","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/"},"modified":"2026-09-17T10:05:34","modified_gmt":"2026-09-17T04:35:34","slug":"franklin-india-multi-asset-allocation-fund-direct-growth-review-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/","title":{"rendered":"Franklin India Multi Asset Allocation Fund Direct Growth Review 2026: NAV, Returns, Portfolio &#038; Should You Invest?"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/mutual-funds\/franklin-india-multi-asset-allocation-fund-g-direct-plan\">Franklin India Multi Asset Allocation Fund Direct Growth Plan<\/a> has a NAV of \u20b910.9946 as of 16 Sep 2026 and an AUM of \u20b92,912 Cr. Its 1-year, 3-year and 5-year returns are 7.51%, Data not available and Data not available, and it sits in the High Risk category.<\/p>\n<p>Our view is that the fund looks better suited to investors who can tolerate sharp swings and want a multi-asset allocation approach rather than a steady, low-volatility path. The portfolio has meaningful exposure to gold and silver along with financials and other equities, so the return pattern and holdings both point to a diversified but still risk-heavy mix.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Quick_facts\" title=\"Quick facts\">Quick facts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Performance\" title=\"Performance\">Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Should_you_BUY_or_HOLD_Franklin_India_Multi_Asset_Allocation\" title=\"Should you BUY or HOLD Franklin India Multi Asset Allocation?\">Should you BUY or HOLD Franklin India Multi Asset Allocation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Peer_comparison\" title=\"Peer comparison\">Peer comparison<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Portfolio_where_your_money_goes\" title=\"Portfolio: where your money goes\">Portfolio: where your money goes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Who_should_invest\" title=\"Who should invest\">Who should invest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Tax_and_exit_load\" title=\"Tax and exit load\">Tax and exit load<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Frequently_asked_questions\" title=\"Frequently asked questions\">Frequently asked questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#What_is_the_current_NAV_of_Franklin_India_Multi_Asset_Allocation_Fund_Direct_Growth_Plan\" title=\"What is the current NAV of Franklin India Multi Asset Allocation Fund Direct Growth Plan?\">What is the current NAV of Franklin India Multi Asset Allocation Fund Direct Growth Plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#How_has_Franklin_India_Multi_Asset_Allocation_Fund_Direct_Growth_Plan_performed_over_1_year\" title=\"How has Franklin India Multi Asset Allocation Fund Direct Growth Plan performed over 1 year?\">How has Franklin India Multi Asset Allocation Fund Direct Growth Plan performed over 1 year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Does_this_fund_have_3-year_and_5-year_returns\" title=\"Does this fund have 3-year and 5-year returns?\">Does this fund have 3-year and 5-year returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#How_does_the_fund_compare_with_the_benchmark\" title=\"How does the fund compare with the benchmark?\">How does the fund compare with the benchmark?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#What_is_the_minimum_SIP_amount\" title=\"What is the minimum SIP amount?\">What is the minimum SIP amount?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Who_manages_the_fund_and_what_is_the_risk_level\" title=\"Who manages the fund and what is the risk level?\">Who manages the fund and what is the risk level?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Bottom_line\" title=\"Bottom line\">Bottom line<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#Explore_mutual_funds_with_Univest\" title=\"Explore mutual funds with Univest\">Explore mutual funds with Univest<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/franklin-india-multi-asset-allocation-fund-direct-growth-review-2026\/#RIA_disclosure\" title=\"RIA disclosure\">RIA disclosure<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Quick_facts\"><\/span>Quick facts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Particular<\/th>\n<th>Details<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NAV<\/td>\n<td>\u20b910.9946 as of 16 Sep 2026<\/td>\n<\/tr>\n<tr>\n<td>AUM<\/td>\n<td>\u20b92,912 Cr<\/td>\n<\/tr>\n<tr>\n<td>Expense Ratio<\/td>\n<td>0.21%<\/td>\n<\/tr>\n<tr>\n<td>Launch Date<\/td>\n<td>31 Jul 2025<\/td>\n<\/tr>\n<tr>\n<td>Min SIP<\/td>\n<td>\u20b9500<\/td>\n<\/tr>\n<tr>\n<td>Risk Category<\/td>\n<td>High Risk<\/td>\n<\/tr>\n<tr>\n<td>Benchmark<\/td>\n<td>Nifty 50<\/td>\n<\/tr>\n<tr>\n<td>Fund Category<\/td>\n<td>Hybrid<\/td>\n<\/tr>\n<tr>\n<td>Exit Load<\/td>\n<td>Nil upto 10% of units and 0.50% for remaining units or or before 1Y, Nil after 1Y<\/td>\n<\/tr>\n<tr>\n<td>Fund Managers<\/td>\n<td>R. Janakiraman, Rajasa Kakulavarapu, Rohan Maru, Pallab Roy<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund is managed by R. Janakiraman, Rajasa Kakulavarapu, Rohan Maru and Pallab Roy.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Performance\"><\/span>Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Fund return<\/th>\n<th>Benchmark return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1M<\/td>\n<td>-3.57%<\/td>\n<td>-4.41%<\/td>\n<\/tr>\n<tr>\n<td>3M<\/td>\n<td>-1.07%<\/td>\n<td>-3.60%<\/td>\n<\/tr>\n<tr>\n<td>1Y<\/td>\n<td>7.51%<\/td>\n<td>-7.76%<\/td>\n<\/tr>\n<tr>\n<td>3Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td>5Y<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The fund has been weaker over the last month, but the decline is still milder than the benchmark\u2019s fall. Over three months, the pattern is similar: the fund is slightly negative, yet it has held up better than the benchmark, which points to some defensive cushion in the recent period.<\/p>\n<p>The stronger part of the story is the 1-year return, where the fund has stayed positive while the benchmark is negative. That gap matters because it shows the fund did better than Nifty 50 through a more varied market path, not just on a single rebound day. For investors, that is a useful signal that the structure has so far helped reduce downside versus the benchmark.<\/p>\n<p>At the same time, the short-term pressure tells us the path has not been smooth. The recent drift lower suggests this is not a fund that moves in a straight line, and the underlying mix can still react to market swings. Because the fund is only recently launched, there is no 3-year or 5-year return history to judge the longer compounding pattern yet.<\/p>\n<p>That limited history means the 1-year comparison carries most of the weight for now. On that basis, the fund has outpaced the benchmark, but the recent 1M and 3M softness shows investors should expect volatility rather than stable month-to-month gains.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<section class=\"univest-mf-premium-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;border:1px solid #d8e3f0;background:#f7faff\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Should_you_BUY_or_HOLD_Franklin_India_Multi_Asset_Allocation\"><\/span>Should you BUY or HOLD Franklin India Multi Asset Allocation?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A fund&#8217;s past returns alone don&#8217;t tell you whether you should buy it today or continue holding it.<\/p>\n<p>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.<\/p>\n<p><strong>Already holding Franklin India Multi Asset Allocation? Thinking of investing now?<\/strong><\/p>\n<p><a href=\"https:\/\/univest.in\/mutual-funds\" style=\"font-weight:700;text-decoration:none\">Get your portfolio analysed for FREE by SEBI-registered Investment Adviser (RIA) through Univest MF Premium<\/a><\/p>\n<\/section>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Peer_comparison\"><\/span>Peer comparison<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Fund<\/th>\n<th>1Y return<\/th>\n<th>3Y return<\/th>\n<th>5Y return<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/franklin-india-multi-asset-allocation-fund-g-direct-plan\">Franklin India Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>7.51%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/360-one-multi-asset-allocation-fund-g-direct-plan\">360 ONE Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>18.54%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/quant-multi-asset-allocation-fund-g-direct-plan\">Quant Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>14.8%<\/td>\n<td>21.38%<\/td>\n<td>19.38%<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/kotak-multi-asset-allocation-fund-g-direct-plan\">Kotak Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>14.1%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/bandhan-multi-asset-allocation-fund-g-direct-plan\">Bandhan Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>12.25%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/mutual-funds\/dsp-multi-asset-allocation-fund-g-direct-plan\">DSP Multi Asset Allocation Fund Direct Growth Plan<\/a><\/td>\n<td>12.2%<\/td>\n<td>Data not available<\/td>\n<td>Data not available<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. On 1-year numbers, the fund trails the stronger peer returns available here, including 360 ONE, Quant, Kotak, Bandhan and DSP. The more limited comparison on 3-year and 5-year figures also leaves it behind Quant, which has a much stronger multi-year record among the peers with longer histories available.<\/p>\n<p>The key difference is that the fund has still beaten its benchmark over 1 year, while several peers show higher absolute returns over the same horizon. That means the peer view is mixed: the fund is not the strongest on return, but its result versus Nifty 50 remains constructive. With no 3-year or 5-year record yet, the peer comparison currently says more about short-term positioning than about a long compounding track record.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<div class=\"univest-peer-login-cta\" style=\"margin:20px 0;padding:16px 18px;border:1px solid #d8e3f0;border-radius:8px;background:#f7faff\">\n<p style=\"margin:0\"><strong>Want to know more?<\/strong> <a href=\"https:\/\/univest.in\/user\/log-in\" style=\"font-weight:700;text-decoration:none\">Log in to Univest<\/a> for more mutual fund insights.<\/p>\n<\/div>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Portfolio_where_your_money_goes\"><\/span>Portfolio: where your money goes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding<\/th>\n<th>Sector<\/th>\n<th>Weight<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Nippon India ETF Gold Bees<\/td>\n<td>Domestic Mutual Funds Units &#8211; Gold<\/td>\n<td>14.02%<\/td>\n<\/tr>\n<tr>\n<td>State Bank of India<\/td>\n<td>Bank<\/td>\n<td>3.49%<\/td>\n<\/tr>\n<tr>\n<td>HDFC Bank Ltd ^ ~~<\/td>\n<td>Bank<\/td>\n<td>3.41%<\/td>\n<\/tr>\n<tr>\n<td>Nippon India Silver ETF<\/td>\n<td>Domestic Mutual Funds Units &#8211; Silver<\/td>\n<td>3.29%<\/td>\n<\/tr>\n<tr>\n<td>ICICI Bank Ltd ! ~~<\/td>\n<td>Bank<\/td>\n<td>3.03%<\/td>\n<\/tr>\n<tr>\n<td>Reliance Industries Ltd $$ ~~<\/td>\n<td>Crude Oil<\/td>\n<td>2.85%<\/td>\n<\/tr>\n<tr>\n<td>Axis Bank Ltd ! ^<\/td>\n<td>Bank<\/td>\n<td>2.67%<\/td>\n<\/tr>\n<tr>\n<td>Eternal Ltd<\/td>\n<td>Retailing<\/td>\n<td>2.31%<\/td>\n<\/tr>\n<tr>\n<td>Larsen &amp; Toubro Ltd<\/td>\n<td>Infrastructure<\/td>\n<td>2.29%<\/td>\n<\/tr>\n<tr>\n<td>Mahindra &amp; Mahindra Ltd<\/td>\n<td>Automobile &amp; Ancillaries<\/td>\n<td>2.09%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The largest holding, Nippon India ETF Gold Bees, stands at 14.02%, which is a meaningful single-position weight for a multi-asset fund. The drop from that first holding to the tenth holding at 2.09% is steep, so the disclosed slice is clearly led by one dominant position and then a much lighter spread across the rest.<\/p>\n<p>The top 10 holdings together account for approximately 39.45% of the portfolio, and the fund discloses 55 holdings in total. That combination suggests the portfolio may be reasonably diversified across a wider tail, but the visible top end still has enough size to influence returns, especially when gold, silver and large banks move differently.<\/p>\n<p>Because the fund also shows exposure to both precious-metals ETFs and operating businesses such as banks, infrastructure, retailing and automobile names, the mix may behave differently from a plain equity fund. The weighted balance can help, but it can also make near-term results uneven when one sleeve is weak and another is stronger.<\/p>\n<p>To see all holdings, visit the <a href=\"https:\/\/univest.in\/mutual-funds\/franklin-india-multi-asset-allocation-fund-g-direct-plan\">Franklin India Multi Asset Allocation Fund Direct Growth Plan<\/a> page<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_should_invest\"><\/span>Who should invest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This fund is better suited to investors who can handle High Risk volatility and are comfortable with a short-term uneven ride. The 1-year result is positive, but the 1M and 3M numbers show that the path can still swing lower even after a decent 12-month outcome.<\/p>\n<p>It fits best as a medium- to longer-horizon allocation where the investor wants multi-asset exposure rather than a pure equity stance. The main trade-off is that the diversified structure may help versus the benchmark, but it can still produce sharp short-term moves and there is no long multi-year return history yet to lean on.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Tax_and_exit_load\"><\/span>Tax and exit load<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Holding period<\/th>\n<th>Tax rate<\/th>\n<th>Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Units held less than 1 year<\/td>\n<td>20%<\/td>\n<td>Short-term capital gains tax<\/td>\n<\/tr>\n<tr>\n<td>Units held more than 1 year<\/td>\n<td>12.5%<\/td>\n<td>Long-term capital gains tax<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Exit load:<\/strong> Nil upto 10% of units and 0.50% for remaining units on or before 1 year; nil after 1 year.<\/p>\n<p class=\"mf-source-date\"><small>Source data date: as of 16 Sep 2026<\/small><\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Frequently_asked_questions\"><\/span>Frequently asked questions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_current_NAV_of_Franklin_India_Multi_Asset_Allocation_Fund_Direct_Growth_Plan\"><\/span>What is the current NAV of Franklin India Multi Asset Allocation Fund Direct Growth Plan?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The current NAV is \u20b910.9946 as of 16 Sep 2026.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_has_Franklin_India_Multi_Asset_Allocation_Fund_Direct_Growth_Plan_performed_over_1_year\"><\/span>How has Franklin India Multi Asset Allocation Fund Direct Growth Plan performed over 1 year?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The 1-year return is 7.51%. That is positive, while the benchmark return over the same period is -7.76%.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Does_this_fund_have_3-year_and_5-year_returns\"><\/span>Does this fund have 3-year and 5-year returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Data not available for both 3-year and 5-year returns because the fund has not yet built those longer histories.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"How_does_the_fund_compare_with_the_benchmark\"><\/span>How does the fund compare with the benchmark?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>It has done better than Nifty 50 over 1 year and also held up better in the 1M and 3M periods. The recent negative short-term returns still show that volatility remains part of the pattern.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"What_is_the_minimum_SIP_amount\"><\/span>What is the minimum SIP amount?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The minimum SIP amount is \u20b9500.<\/p>\n<h3 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Who_manages_the_fund_and_what_is_the_risk_level\"><\/span>Who manages the fund and what is the risk level?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The fund is managed by R. Janakiraman, Rajasa Kakulavarapu, Rohan Maru and Pallab Roy. The scheme is tagged as High Risk, and its portfolio includes gold, silver and equity holdings.<\/p>\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Bottom_line\"><\/span>Bottom line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Franklin India Multi Asset Allocation Fund Direct Growth Plan has a positive 1-year record, but the recent 1M and 3M numbers show that the path is not smooth. Against the benchmark, the fund has been stronger over the available period, while the peer set shows that some comparable funds have delivered higher 1-year returns. The portfolio\u2019s gold and silver exposure, alongside banks and other equities, points to a diversified structure that may suit investors who can accept volatility and want multi-asset exposure with a medium- to longer-term lens.<\/p>\n<p class=\"univest-posted-at\" style=\"font-size:14px;color:#666;margin:20px 0 8px\">Published on 17 September 2026 at 10:04 AM IST<\/p>\n<section class=\"univest-login-cta\" style=\"margin:28px 0;padding:24px;border-radius:10px;background:#eef5ff;border:1px solid #cddff7;text-align:center\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"Explore_mutual_funds_with_Univest\"><\/span>Explore mutual funds with Univest<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Review mutual fund data, compare performance and explore fund insights on Univest.<\/p>\n<p><a href=\"https:\/\/univest.in\/user\/log-in\" style=\"display:inline-block;padding:11px 20px;border-radius:6px;background:#1f4e79;color:#fff !important;text-decoration:none;font-weight:700\">Explore Univest<\/a><\/p>\n<\/section>\n<section class=\"univest-disclaimer\">\n<h2 style=\"font-weight:700\"><span class=\"ez-toc-section\" id=\"RIA_disclosure\"><\/span>RIA disclosure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>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.<\/p>\n<\/section>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"InvestmentFund\",\"name\":\"Franklin India Multi Asset Allocation Fund Direct Growth Plan\",\"identifier\":\"franklin-india-multi-asset-allocation-fund-g-direct-plan\",\"category\":\"Hybrid\",\"dateCreated\":\"31 Jul 2025\",\"isAccessibleForFree\":true,\"additionalProperty\":[{\"@type\":\"PropertyValue\",\"name\":\"NAV\",\"value\":10.9946,\"valueReference\":\"as of 16 Sep 2026\"},{\"@type\":\"PropertyValue\",\"name\":\"AUM\",\"value\":\"2912 Cr\"},{\"@type\":\"PropertyValue\",\"name\":\"Expense Ratio\",\"value\":\"0.21\"},{\"@type\":\"PropertyValue\",\"name\":\"Benchmark\",\"value\":\"Nifty 50\"},{\"@type\":\"PropertyValue\",\"name\":\"1Y Return\",\"value\":7.51},{\"@type\":\"PropertyValue\",\"name\":\"3Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"5Y Return\",\"value\":0},{\"@type\":\"PropertyValue\",\"name\":\"Fund Managers\",\"value\":\"R. Janakiraman, Rajasa Kakulavarapu, Rohan Maru, Pallab Roy\"}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the current NAV of Franklin India Multi Asset Allocation Fund Direct Growth Plan?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The current NAV is \u20b910.9946 as of 16 Sep 2026.\"}},{\"@type\":\"Question\",\"name\":\"How has Franklin India Multi Asset Allocation Fund Direct Growth Plan performed over 1 year?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The 1-year return is 7.51%. That is positive, while the benchmark return over the same period is -7.76%.\"}},{\"@type\":\"Question\",\"name\":\"Does this fund have 3-year and 5-year returns?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Data not available for both 3-year and 5-year returns because the fund has not yet built those longer histories.\"}},{\"@type\":\"Question\",\"name\":\"How does the fund compare with the benchmark?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It has done better than Nifty 50 over 1 year and also held up better in the 1M and 3M periods. The recent negative short-term returns still show that volatility remains part of the pattern.\"}},{\"@type\":\"Question\",\"name\":\"What is the minimum SIP amount?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The minimum SIP amount is \u20b9500.\"}},{\"@type\":\"Question\",\"name\":\"Who manages the fund and what is the risk level?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The fund is managed by R. Janakiraman, Rajasa Kakulavarapu, Rohan Maru and Pallab Roy. The scheme is tagged as High Risk, and its portfolio includes gold, silver and equity holdings.\"}}]}<\/script><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Organization\",\"name\":\"Uniapps Investment Adviser Pvt. Ltd.\",\"description\":\"SEBI Registered Investment Adviser INA000017639\"}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Franklin India Multi Asset Allocation Fund Direct Growth Plan has a NAV of \u20b910.9946 as of 16 Sep 2026, AUM of \u20b92,912 Cr and a 1-year return of 7.51%.<\/p>\n","protected":false},"author":38,"featured_media":251164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3841],"tags":[],"class_list":["post-251167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["251164"],"rank_math_title":["Franklin India Multi Asset Allocation Fund Review"],"rank_math_description":["Franklin India Multi Asset Allocation Fund Direct Growth Plan NAV is \u20b910.9946; 1Y return is 7.51% as of 16 Sep 2026."],"rank_math_focus_keyword":["Franklin India Multi Asset Allocation Fund Direct Growth Plan review"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/Franklin_India_Multi_Asset_Allocation_Fund_Direct_Growth_Review_2026_NAV_Returns_Portfolio_Should_You_Invest_neutral.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/251167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=251167"}],"version-history":[{"count":0,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/251167\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/251164"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=251167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=251167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=251167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}