Franklin Asian Equity Fund vs JM Large Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin Asian Equity Fund is a Thematic fund and JM Large Cap Fund is a Large Cap fund. In the 3 years to 30-10-2026, Franklin Asian Equity Fund (Direct) returned 21.8% a year and JM Large Cap Fund (Direct) returned 10.5% a year. Franklin Asian Equity Fund charges 1.24% a year and JM Large Cap Fund 1.19% (Direct plans). Their portfolios overlap 25.5%: they hold 17 of the same securities.
Franklin Asian Equity Fund
Thematic
- 3 year return
- 21.8%
- Expense ratio
- 1.24%
- NAV
- ₹45.69
Which is better, Franklin Asian Equity or JM Large Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JM Large Cap returned more over 5 years: 9.5% a year against 6.9%.
- Franklin Asian Equity returned more over 3 years: 21.8% a year against 10.5%.
- JM Large Cap costs less: 1.19% a year against 1.24% (Direct plans).
- JM Large Cap swung less over 3 years: a standard deviation of 14.9% a year against 16.7%.
- JM Large Cap fell less in its worst fall since 02-01-2013: −19.8% against −40.2%.
- Franklin Asian Equity holds 50.0% of the fund in foreign stocks; JM Large Cap 0.0%.
- JM Large Cap holds more in large companies: 81.1% of the fund in large caps against 31.0%.
- Franklin Asian Equity is the larger fund: ₹981 Cr against ₹356 Cr.
- Their portfolios overlap 25.5%: 17 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Franklin Asian Equity Fund | JM Large Cap Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | JM Financial Mutual Fund |
| Category | Thematic | Large Cap |
| AUM | ₹981 Cr (30-09-2026) | ₹356 Cr (30-09-2026) |
| NAV | ₹45.69 (Direct) | ₹171.67 (Direct) |
| Expense ratio (Direct) | 1.24% | 1.19% |
| Expense ratio (Regular) | 2.51% | 2.67% |
| Riskometer | Not available | Very High |
| Benchmark | 75% MSCI Asia (Ex-Japan) Standard Index + 25% Nifty 500 Index | BSE 100 TRI |
| Launch date | 16-01-2008 | 01-04-1995 |
| Minimum investment | 5000/1 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Shyam Sundar Sriram, Sandeep Manam | Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar |
| Exit load | 1% if the units are redeemed/switched- out within one year from the date of allotment | Exit load of 1%, if redeemed within 30 days. |
Franklin Asian Equity vs JM Large Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Franklin Asian Equity Fund (Direct) | −7.04% | −1.35% | +2.88% | +17.49% | +21.75% | +6.86% | +9.80% |
| JM Large Cap Fund (Direct) | +0.56% | −3.71% | +0.05% | −5.72% | +10.48% | +9.46% | +11.44% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
| Large Cap average | +0.62% | −4.36% | −1.05% | −6.33% | +10.38% | +8.23% | +11.81% |
Category average: the average of the 235 Thematic funds and the 35 Large Cap funds, same plan type.
Franklin Asian Equity vs JM Large Cap: Year-wise Returns
| Year | Franklin Asian EquityFranklin Asian Equity | JM Large CapJM Large Cap |
|---|---|---|
| 2026to date | +17.11% | −6.23% |
| 2025 | +24.71% | +5.51% |
| 2024 | +15.43% | +16.81% |
| 2023 | +1.67% | +30.52% |
| 2022 | −13.75% | +4.17% |
| 2021 | −5.16% | +24.56% |
Franklin Asian Equity vs JM Large Cap: Rolling Returns
Every holding period of both funds, against BSE 100 TRI, the benchmark of JM Large Cap Fund
Rolling returns
Every 3-year holding period, 2,666 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Franklin Asian Equity Fund (Direct)
JM Large Cap Fund (Direct)
BSE 100 TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin Asian Equity | 12.9 | 15.0 | 28.3 | 32.6 | 7.0 | 4.2 | 0.0 | 8.2% | 8.9% | −10.5% | 25.0% | 29% |
| JM Large Cap | 0.0 | 5.2 | 24.2 | 25.2 | 36.4 | 8.9 | 0.0 | 13.4% | 14.0% | 0.7% | 24.0% | 48% |
| BSE 100 TRI | 1.1 | 3.8 | 12.0 | 43.7 | 31.9 | 5.6 | 2.1 | 13.9% | 14.1% | −5.2% | 32.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is BSE 100 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
Franklin Asian Equity vs JM Large Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin Asian EquityFranklin Asian Equity Fund (Direct) | ₹16,60,000 | ₹34,24,441 | ₹17,64,441 | 9.9% |
| JM Large CapJM Large Cap Fund (Direct) | ₹16,60,000 | ₹39,24,702 | ₹22,64,702 | 11.6% |
Franklin Asian EquityFranklin Asian Equity Fund (Direct)
JM Large CapJM Large Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Franklin Asian Equity vs JM Large Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin Asian Equity Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +17.49% | −5.72% |
| Standard deviation | 20.62% | 14.51% |
| Sharpe ratio | 0.59 | -0.76 |
| Sortino ratio | 0.83 | -1.01 |
| Maximum drawdown | −12.5% (31-03-2026) | −14.5% (31-03-2026) |
| Beta | -- | 1.02 |
| Alpha | -- | +3.51% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin Asian Equity Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +21.75% | +10.48% |
| Standard deviation | 16.65% | 14.91% |
| Sharpe ratio | 0.94 | 0.30 |
| Sortino ratio | 1.34 | 0.40 |
| Maximum drawdown | −14.2% (07-04-2025) | −19.8% (28-02-2025) |
| Beta | -- | 1.06 |
| Alpha | -- | +1.33% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin Asian Equity Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.86% | +9.46% |
| Standard deviation | 17.63% | 14.57% |
| Sharpe ratio | 0.06 | 0.25 |
| Sortino ratio | 0.09 | 0.34 |
| Maximum drawdown | −32.6% (25-10-2022) | −19.8% (28-02-2025) |
| Beta | -- | 1.01 |
| Alpha | -- | +1.65% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin Asian Equity Fund (Direct) | JM Large Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.42% | +11.86% |
| Standard deviation | 15.43% | 13.37% |
| Sharpe ratio | 0.22 | 0.43 |
| Sortino ratio | 0.31 | 0.60 |
| Maximum drawdown | −40.2% (25-10-2022) | −19.8% (28-02-2025) |
| Beta | -- | 0.77 |
| Alpha | -- | +1.17% |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Franklin Asian Equity Fund (Direct)
JM Large Cap Fund (Direct)
BSE 100 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin Asian Equity Fund (Direct) | −40.2% | 17-02-2021 | 25-10-2022 | 03-10-2025 | 35 months | −11.0% |
| JM Large Cap Fund (Direct) | −19.8% | 27-09-2024 | 28-02-2025 | Not yet | -- | −9.9% |
| BSE 100 TRI | −38.0% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −10.4% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin Asian Equity Fund (Direct)
JM Large Cap Fund (Direct)
BSE 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin Asian Equity Fund (Direct)
JM Large Cap Fund (Direct)
BSE 100 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin Asian Equity Fund (Direct)
JM Large Cap Fund (Direct)
BSE 100 TRI
Against BSE 100 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Franklin Asian Equity Fund (Direct) | 48% | 19% | 16.72% |
| JM Large Cap Fund (Direct) | 87% | 79% | 6.71% |
From month-end values since 02-01-2013. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Franklin Asian Equity vs JM Large Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin Asian Equity Fund, September 2026; JM Large Cap Fund, September 2026
Holdings in common
- Overlap
- 25.5%
- Held by both
- 17
- Only in Franklin Asian Equity
- 13
- Only in JM Large Cap
- 32
| Security | % of Franklin Asian Equity | % of JM Large Cap |
|---|---|---|
| ICICI Bank Ltd | 3.05% | 3.56% |
| Torrent Pharmaceuticals Ltd | 2.23% | 2.80% |
| Divi's Laboratories Ltd | 2.72% | 2.08% |
| Eternal Ltd | 1.83% | 2.03% |
| Larsen & Toubro Ltd | 1.77% | 2.90% |
| Indian Hotels Co Ltd | 1.71% | 1.96% |
| HDFC Bank Ltd | 1.50% | 2.69% |
| 360 One Wam Ltd | 1.45% | 1.80% |
| Tata Consumer Products Ltd | 1.42% | 1.67% |
| Reliance Industries Ltd | 1.40% | 3.36% |
| Bharat Electronics Ltd | 1.63% | 1.32% |
| Mahindra & Mahindra Ltd | 1.27% | 2.47% |
| Lodha Developers Ltd | 1.47% | 1.12% |
| State Bank of India | 1.08% | 4.56% |
| Ultratech Cement Ltd | 0.95% | 1.80% |
| Infosys Ltd | 0.93% | 1.15% |
| Shriram Finance Ltd | 0.44% | 2.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 25.5% means 25.5% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Franklin Asian Equity Fund
| Security | % of fund |
|---|---|
| Oberoi Realty Ltd | 2.07% |
| Hindalco Industries Ltd | 1.87% |
| ABB India Ltd | 1.59% |
| Tata Motors Ltd | 1.39% |
| Endurance Technologies Ltd | 1.35% |
Largest holdings only in JM Large Cap Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 3.88% |
| Kotak Mahindra Bank Limited | 3.15% |
| Adani Port & Special Economic Zone Ltd | 2.88% |
| Axis Bank Limited | 2.88% |
| Bajaj Finance Limited | 2.79% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin Asian Equity | JM Large Cap |
|---|---|---|
| Equity | 93.8% | 95.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 6.2% | 4.2% |
Market cap of stocks
| Market cap | Franklin Asian Equity | JM Large Cap |
|---|---|---|
| Large Cap | 31.0% | 81.1% |
| Mid Cap | 11.8% | 13.5% |
| Small Cap | 0.0% | 0.1% |
| Foreign stocks | 50.0% | 0.0% |
| Not on AMFI's list | 1.0% | 1.1% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Franklin Asian Equity | JM Large Cap |
|---|---|---|
| IT - Hardware | 20.7% | 0.0% |
| Banks | 7.5% | 16.9% |
| Automobiles | 2.1% | 8.3% |
| Consumer Durables | 7.9% | 2.5% |
| Pharmaceuticals & Biotechnology | 7.3% | 6.3% |
| Finance | 4.9% | 5.2% |
| Retailing | 5.2% | 2.0% |
| Capital Markets | 2.5% | 5.1% |
| IT - Software | 4.4% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin Asian Equity vs JM Large Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin Asian Equity Fund | JM Large Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.24% | 1.19% |
| Base expense ratio (Direct) | 0.87% | 0.82% |
| Total expense ratio (Regular) | 2.51% | 2.67% |
| Base expense ratio (Regular) | 1.96% | 2.10% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Franklin Asian Equity with
Franklin Asian Equity Fund vs JM Large Cap Fund: Frequently Asked Questions
What is the difference between Franklin Asian Equity Fund and JM Large Cap Fund?
Franklin Asian Equity Fund is a Thematic fund, JM Large Cap Fund is a Large Cap fund, run by Franklin Templeton Mutual Fund and JM Financial Mutual Fund. Their portfolios overlap 25.5%. Franklin Asian Equity Fund charges 1.24% a year and JM Large Cap Fund 1.19%.
Which has given higher returns, Franklin Asian Equity Fund or JM Large Cap Fund?
Over 1 year: Franklin Asian Equity Fund +17.49%, JM Large Cap Fund −5.72%. Over 3 years: Franklin Asian Equity Fund +21.75% a year, JM Large Cap Fund +10.48% a year. Over 5 years: Franklin Asian Equity Fund +6.86% a year, JM Large Cap Fund +9.46% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin Asian Equity Fund or JM Large Cap Fund?
JM Large Cap Fund charges less: 1.19% a year against 1.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin Asian Equity Fund and JM Large Cap Fund overlap?
25.5%. They hold 17 of the same securities, the largest shared ones being ICICIBANK, TORNTPHARM, DIVISLAB. From each fund's latest monthly portfolio.
Which is better for SIP, Franklin Asian Equity Fund or JM Large Cap Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹9,02,714 in Franklin Asian Equity Fund (XIRR 15.4% a year) and ₹7,49,911 in JM Large Cap Fund (XIRR 8.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Franklin Asian Equity Fund and JM Large Cap Fund?
Yes. 25.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin Asian Equity Fund and JM Large Cap Fund?
Franklin Asian Equity Fund: Shyam Sundar Sriram, Sandeep Manam. JM Large Cap Fund: Deepak Gupta, Asit Bhandarkar, Satish Ramanathan, Ruchi Fozdar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.