Franklin India Aggressive Hybrid Fund vs Franklin India Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Aggressive Hybrid Fund is an Aggressive Hybrid fund and Franklin India Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Franklin India Aggressive Hybrid Fund (Direct) returned −7.5% and Franklin India Multi Asset Allocation Fund (Direct) returned 0.7%. Franklin India Aggressive Hybrid Fund charges 1.12% a year and Franklin India Multi Asset Allocation Fund 0.55% (Direct plans). Their portfolios overlap 39.2%: they hold 25 of the same securities.
Franklin India Aggressive Hybrid Fund
Aggressive Hybrid
- 1 year return
- −7.5%
- Expense ratio
- 1.12%
- NAV
- ₹293.48
Franklin India Multi Asset Allocation Fund
Multi Asset
- 1 year return
- 0.7%
- Expense ratio
- 0.55%
- NAV
- ₹10.56
Which is better, Franklin India Aggressive Hybrid or Franklin India Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Franklin India Multi Asset Allocation returned more over 1 year: 0.7% against −7.5%.
- Franklin India Multi Asset Allocation costs less: 0.55% a year against 1.12% (Direct plans).
- Franklin India Aggressive Hybrid fell less in its worst fall since 31-07-2025: −10.7% against −11.6%.
- Franklin India Multi Asset Allocation is the larger fund: ₹2,767 Cr against ₹2,264 Cr.
- Their portfolios overlap 39.2%: 25 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 India Aggressive Hybrid Fund | Franklin India Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Aggressive Hybrid | Multi Asset |
| AUM | ₹2,264 Cr (30-09-2026) | ₹2,767 Cr (30-09-2026) |
| NAV | ₹293.48 (Direct) | ₹10.56 (Direct) |
| Expense ratio (Direct) | 1.12% | 0.55% |
| Expense ratio (Regular) | 2.24% | 1.95% |
| Riskometer | Not available | Not available |
| Benchmark | CRISIL Hybrid 35+65 - Aggressive Index | 65% Nifty 500+ 20% Nifty Short Duration Index+ 5% Domestic price of gold+ 5% Domestic price of silver+ 5% iCOMDEX |
| Launch date | 10-12-1999 | 31-07-2025 |
| Minimum investment | 5000/1 | 5000/1 |
| Lock in | None | None |
| Fund managers | Rajasa Kakulavarapu, Ajay Argal, Chandni Gupta, Anuj Tagra, Sandeep Manam | Janakiraman Rengaraju, Rajasa Kakulavarapu, Rohan Maru, Anuj Tagra, Sandeep Manam |
| Exit load | <ul style="text-align: justify;"> <li>Upto 10% of the Units may be redeemed without any exit load within 1 year from the date of allotment.</li> <li>Any redemption in excess of the above limit shall be subject to the following exit load: <ul> <li>1.00% - if redeemed on or before 1 year from the date of allotment</li> <li>Nil - if redeemed after 1 year from the date of allotment</li> </ul> </li> </ul> <a href="https://franklintempletonprod.widen.net/content/1kfi47ctpw/original/Illustration-on-Exit-load_FIEHF-en-in-jp11udt8.pdf" target="_blank">Exit Load Illustration</a> | <ul style="text-align: justify;"> <li>Upto 10% of the Units may be redeemed without any exit load within 1 year from the date of allotment*.</li> <li>Any redemption in excess of the above limit shall be subject to the following exit load: <ul> <li>0.50 % - if redeemed on or before 1 year from the date of allotment</li> <li>Nil - if redeemed after 1 year from the date of allotment</li> </ul> </li> </ul> |
Franklin India Aggressive Hybrid vs Franklin India Multi Asset Allocation: 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 India Aggressive Hybrid Fund (Direct) | −1.83% | −5.27% | −2.82% | −7.45% | +8.97% | +8.42% | +10.83% |
| Franklin India Multi Asset Allocation Fund (Direct) | −1.84% | −5.28% | −3.50% | +0.65% | -- | -- | -- |
| Aggressive Hybrid average | −0.88% | −3.67% | −0.27% | −3.33% | +10.77% | +9.35% | +11.60% |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 29 Aggressive Hybrid funds and the 37 Multi Asset funds, same plan type.
Franklin India Aggressive Hybrid vs Franklin India Multi Asset Allocation: Year-wise Returns
| Year | Aggressive HybridFranklin India Aggressive Hybrid | Multi Asset AllocationFranklin India Multi Asset Allocation |
|---|---|---|
| 2026to date | −6.75% | −3.46% |
| 2025 | +4.72% | -- |
| 2024 | +18.89% | -- |
| 2023 | +23.90% | -- |
| 2022 | +5.76% | -- |
| 2021 | +25.03% | -- |
Franklin India Aggressive Hybrid vs Franklin India Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 61 of them, one for each trading day from 31-07-2026 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 India Aggressive Hybrid Fund (Direct)
Franklin India Multi Asset Allocation Fund (Direct)
to
Aug 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Aggressive Hybrid | 54.1 | 45.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −1.5% | −0.8% | −8.6% | 3.4% |
| Franklin India Multi Asset Allocation | 6.6 | 23.0 | 21.3 | 49.2 | 0.0 | 0.0 | 0.0 | 8.6% | 9.8% | −1.0% | 14.7% |
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. Every fund is measured over the days all of them have, from 31-07-2025. Past returns do not promise future returns.
Franklin India Aggressive Hybrid vs Franklin India Multi Asset Allocation: 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 01-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Aggressive HybridFranklin India Aggressive Hybrid Fund (Direct) | ₹1,60,000 | ₹1,52,916 | −₹7,084 | −6.3% |
| Franklin India Multi Asset AllocationFranklin India Multi Asset Allocation Fund (Direct) | ₹1,60,000 | ₹1,58,218 | −₹1,782 | −1.6% |
Franklin India Aggressive HybridFranklin India Aggressive Hybrid Fund (Direct)
Franklin India Multi Asset AllocationFranklin India Multi Asset Allocation 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 India Aggressive Hybrid vs Franklin India Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Aggressive Hybrid Fund (Direct) | Franklin India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.45% | +0.65% |
| Standard deviation | 10.30% | 12.79% |
| Sharpe ratio | -1.23 | -0.36 |
| Sortino ratio | -1.63 | -0.48 |
| Maximum drawdown | −10.7% (30-03-2026) | −11.6% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 India Aggressive Hybrid Fund (Direct) | Franklin India Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.85% | +4.43% |
| Standard deviation | 10.97% | 11.79% |
| Sharpe ratio | 0.62 | -0.07 |
| Sortino ratio | 0.84 | -0.10 |
| Maximum drawdown | −27.8% (23-03-2020) | −11.6% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 India Aggressive Hybrid Fund (Direct)
Franklin India Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Aggressive Hybrid Fund (Direct) | −10.7% | 20-11-2025 | 30-03-2026 | Not yet | -- | −7.8% |
| Franklin India Multi Asset Allocation Fund (Direct) | −11.6% | 29-01-2026 | 23-03-2026 | Not yet | -- | −8.0% |
From daily values since 31-07-2025, 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 India Aggressive Hybrid Fund (Direct)
Franklin India Multi Asset Allocation Fund (Direct)
Franklin India Aggressive Hybrid vs Franklin India Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Aggressive Hybrid Fund, September 2026; Franklin India Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 39.2%
- Held by both
- 25
- Only in Franklin India Aggressive Hybrid
- 51
- Only in Franklin India Multi Asset Allocation
- 32
| Security | % of Franklin India Aggressive Hybrid | % of Franklin India Multi Asset Allocation |
|---|---|---|
| HDFC Bank Ltd | 2.97% | 3.21% |
| ICICI Bank Ltd | 2.86% | 2.90% |
| State Bank of India | 2.84% | 3.33% |
| Axis Bank Ltd | 2.87% | 2.65% |
| Eternal Ltd | 2.40% | 2.38% |
| Larsen & Toubro Ltd | 2.06% | 2.24% |
| Bharti Airtel Ltd | 2.07% | 2.06% |
| Mahindra & Mahindra Ltd | 2.35% | 1.98% |
| Reliance Industries Ltd | 1.73% | 2.36% |
| Britannia Industries Ltd | 1.39% | 1.44% |
| Ultratech Cement Ltd | 1.35% | 2.09% |
| Interglobe Aviation Ltd | 1.34% | 1.54% |
| Cipla Ltd | 1.31% | 1.68% |
| Marico Ltd | 1.30% | 1.73% |
| Ashok Leyland Ltd | 1.29% | 1.53% |
| Tata Power Co Ltd | 1.27% | 1.41% |
| Infosys Ltd | 1.62% | 1.22% |
| Pine Labs Ltd | 1.21% | 1.19% |
| Exide Industries Ltd | 1.18% | 1.35% |
| Tata Steel Ltd | 1.06% | 1.47% |
| Eris Lifesciences Ltd | 0.96% | 1.10% |
| Data Patterns India Ltd | 0.95% | 1.25% |
| 360 One Wam Ltd | 0.91% | 1.18% |
| ZF Commercial Vehicle Control Systems India Ltd | 0.50% | 0.90% |
| Metropolis Healthcare Ltd | 1.23% | 0.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 39.2% means 39.2% 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 India Aggressive Hybrid Fund
| Security | % of fund |
|---|---|
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 4.96% |
| 0.00% Jubilant Beverages Ltd (31-May-2028) | 3.03% |
| 7.65% Poonawalla Fincorp Ltd (21-Apr-2027) | 2.28% |
| Bharat Electronics Ltd | 2.04% |
| 8.65% Bharti Telecom Ltd (05-Nov-2027) | 1.67% |
Largest holdings only in Franklin India Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| Nippon India ETF Gold Bees | 14.10% |
| Nippon India Silver ETF | 3.25% |
| Knowledge Realty Trust | 2.12% |
| Hindustan Aeronautics Ltd | 2.10% |
| 7.55% Poonawalla Fincorp Ltd (25-Mar-2027) | 2.06% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Aggressive Hybrid | Franklin India Multi Asset Allocation |
|---|---|---|
| Equity | 70.3% | 65.8% |
| Debt | 26.9% | 12.2% |
| Cash and others | 2.8% | 22.1% |
Market cap of stocks
| Market cap | Franklin India Aggressive Hybrid | Franklin India Multi Asset Allocation |
|---|---|---|
| Large Cap | 38.3% | 46.0% |
| Mid Cap | 13.2% | 5.6% |
| Small Cap | 17.7% | 14.1% |
| Not on AMFI's list | 1.2% | 0.0% |
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 India Aggressive Hybrid | Franklin India Multi Asset Allocation |
|---|---|---|
| Banks | 13.1% | 12.1% |
| Retailing | 3.5% | 4.6% |
| Automobiles | 4.6% | 2.0% |
| Capital Markets | 4.1% | 1.2% |
| Industrial Products | 3.8% | 0.7% |
| Pharmaceuticals & Biotechnology | 3.6% | 2.8% |
| Aerospace & Defense | 3.0% | 3.4% |
| Auto Components | 3.2% | 3.3% |
| Petroleum Products | 1.7% | 3.2% |
| IT - Software | 1.6% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Aggressive Hybrid vs Franklin India Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Aggressive Hybrid Fund | Franklin India Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.12% | 0.55% |
| Base expense ratio (Direct) | 0.77% | 0.40% |
| Total expense ratio (Regular) | 2.24% | 1.95% |
| Base expense ratio (Regular) | 1.74% | 1.61% |
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 India Aggressive Hybrid with
- Franklin India Aggressive Hybrid vs Bank of India Aggressive Hybrid
- Franklin India Aggressive Hybrid vs Bandhan Aggressive Hybrid
- Franklin India Aggressive Hybrid vs Quant Aggressive Hybrid
- Franklin India Aggressive Hybrid vs HSBC Aggressive Hybrid
- Franklin India Aggressive Hybrid vs Edelweiss Aggressive Hybrid
Compare Franklin India Multi Asset Allocation with
- Franklin India Multi Asset Allocation vs Quant Multi Asset Allocation
- Franklin India Multi Asset Allocation vs Nippon India Multi Asset Allocation
- Franklin India Multi Asset Allocation vs DSP Multi Asset Allocation
- Franklin India Multi Asset Allocation vs Kotak Multi Asset Allocation
- Franklin India Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Franklin India Aggressive Hybrid Fund vs Franklin India Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Franklin India Aggressive Hybrid Fund and Franklin India Multi Asset Allocation Fund?
Franklin India Aggressive Hybrid Fund is an Aggressive Hybrid fund, Franklin India Multi Asset Allocation Fund is a Multi Asset fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 39.2%. Franklin India Aggressive Hybrid Fund charges 1.12% a year and Franklin India Multi Asset Allocation Fund 0.55%.
Which has given higher returns, Franklin India Aggressive Hybrid Fund or Franklin India Multi Asset Allocation Fund?
Over 1 year: Franklin India Aggressive Hybrid Fund −7.45%, Franklin India Multi Asset Allocation Fund +0.65%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Aggressive Hybrid Fund or Franklin India Multi Asset Allocation Fund?
Franklin India Multi Asset Allocation Fund charges less: 0.55% a year against 1.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Aggressive Hybrid Fund and Franklin India Multi Asset Allocation Fund overlap?
39.2%. They hold 25 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Aggressive Hybrid Fund and Franklin India Multi Asset Allocation Fund?
Yes. 39.2% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Aggressive Hybrid Fund and Franklin India Multi Asset Allocation Fund?
Franklin India Aggressive Hybrid Fund: Rajasa Kakulavarapu, Ajay Argal, Chandni Gupta, Anuj Tagra, Sandeep Manam. Franklin India Multi Asset Allocation Fund: Janakiraman Rengaraju, Rajasa Kakulavarapu, Rohan Maru, Anuj Tagra, Sandeep Manam.
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.