Franklin India Balanced Advantage Fund vs Franklin India Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Balanced Advantage Fund is a Balanced Advantage fund and Franklin India Conservative Hybrid Fund is a Conservative Hybrid fund. In the 3 years to 30-10-2026, Franklin India Balanced Advantage Fund (Direct) returned 8.9% a year and Franklin India Conservative Hybrid Fund (Direct) returned 7.5% a year. Franklin India Balanced Advantage Fund charges 0.80% a year and Franklin India Conservative Hybrid Fund 0.81% (Direct plans). Their portfolios overlap 27.0%: they hold 51 of the same securities.
Franklin India Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 8.9%
- Expense ratio
- 0.80%
- NAV
- ₹14.75
Franklin India Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 7.5%
- Expense ratio
- 0.81%
- NAV
- ₹101.53
Which is better, Franklin India Balanced Advantage or Franklin India Conservative Hybrid? 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 Balanced Advantage returned more over 3 years: 8.9% a year against 7.5%.
- Franklin India Conservative Hybrid returned more over 1 year: 0.1% against −4.4%.
- Franklin India Balanced Advantage costs less: 0.80% a year against 0.81% (Direct plans).
- Franklin India Conservative Hybrid swung less over 3 years: a standard deviation of 3.6% a year against 7.3%.
- Franklin India Conservative Hybrid fell less in its worst fall since 06-09-2022: −3.9% against −8.1%.
- Franklin India Balanced Advantage holds more in large companies: 38.9% of the fund in large caps against 12.1%.
- Franklin India Balanced Advantage is the larger fund: ₹2,687 Cr against ₹208 Cr.
- Their portfolios overlap 27.0%: 51 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 Balanced Advantage Fund | Franklin India Conservative Hybrid Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Balanced Advantage | Conservative Hybrid |
| AUM | ₹2,687 Cr (30-09-2026) | ₹208 Cr (30-09-2026) |
| NAV | ₹14.75 (Direct) | ₹101.53 (Direct) |
| Expense ratio (Direct) | 0.80% | 0.81% |
| Expense ratio (Regular) | 2.22% | 1.39% |
| Riskometer | Not available | Not available |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index | CRISIL Hybrid 85+15 - Conservative Index |
| Launch date | 06-09-2022 | 28-09-2000 |
| Minimum investment | 5000/1 | Plan A: 10000/1 |
| Lock in | None | None |
| Fund managers | Rajasa Kakulavarapu, Venkatesh Sanjeevi, Chandni Gupta, Anuj Tagra, Rahul Goswami, Sandeep Manam | Rahul Goswami, Rajasa Kakulavarapu, Venkatesh Sanjeevi, Rohan Maru, 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> | Nil |
Franklin India Balanced Advantage vs Franklin India Conservative Hybrid: 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 Balanced Advantage Fund (Direct) | −1.67% | −4.16% | −1.75% | −4.37% | +8.90% | -- | -- |
| Franklin India Conservative Hybrid Fund (Direct) | −0.38% | −0.84% | +1.04% | +0.09% | +7.55% | +6.89% | +7.18% |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | -- | -- |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 38 Balanced Advantage funds and the 18 Conservative Hybrid funds, same plan type.
Franklin India Balanced Advantage vs Franklin India Conservative Hybrid: Year-wise Returns
| Year | Balanced AdvantageFranklin India Balanced Advantage | Conservative HybridFranklin India Conservative Hybrid |
|---|---|---|
| 2026to date | −4.21% | −0.21% |
| 2025 | +5.78% | +6.66% |
| 2024 | +17.15% | +11.47% |
| 2023 | +21.22% | +12.26% |
| 2022 | -- | +4.82% |
| 2021 | -- | +8.85% |
Franklin India Balanced Advantage vs Franklin India Conservative Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 281 of them, one for each trading day from 08-09-2025 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 Balanced Advantage Fund (Direct)
Franklin India Conservative Hybrid Fund (Direct)
to
Oct 2025Dec 2022
to
Dec 2025Mar 2023
to
Mar 2026May 2023
to
May 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 Balanced Advantage | 0.0 | 0.0 | 11.0 | 79.4 | 9.6 | 0.0 | 0.0 | 12.9% | 13.4% | 8.3% | 15.6% |
| Franklin India Conservative Hybrid | 0.0 | 0.0 | 69.0 | 31.0 | 0.0 | 0.0 | 0.0 | 9.2% | 9.3% | 7.3% | 10.9% |
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 06-09-2022. Past returns do not promise future returns.
Franklin India Balanced Advantage vs Franklin India Conservative Hybrid: 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 06-09-2022 to 30-10-2026: 50 instalments, ₹5,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Balanced AdvantageFranklin India Balanced Advantage Fund (Direct) | ₹5,00,000 | ₹5,69,035 | ₹69,035 | 6.2% |
| Franklin India Conservative HybridFranklin India Conservative Hybrid Fund (Direct) | ₹5,00,000 | ₹5,66,292 | ₹66,292 | 5.9% |
Franklin India Balanced AdvantageFranklin India Balanced Advantage Fund (Direct)
Franklin India Conservative HybridFranklin India Conservative Hybrid 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 Balanced Advantage vs Franklin India Conservative Hybrid: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Balanced Advantage Fund (Direct) | Franklin India Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | −4.37% | +0.09% |
| Standard deviation | 8.70% | 3.88% |
| Sharpe ratio | -1.11 | -1.33 |
| Sortino ratio | -1.47 | -1.77 |
| Maximum drawdown | −8.1% (30-03-2026) | −3.9% (30-03-2026) |
| 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 Balanced Advantage Fund (Direct) | Franklin India Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.90% | +7.55% |
| Standard deviation | 7.33% | 3.62% |
| Sharpe ratio | 0.39 | 0.42 |
| Sortino ratio | 0.54 | 0.58 |
| Maximum drawdown | −8.1% (30-03-2026) | −3.9% (30-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 India Balanced Advantage Fund (Direct) | Franklin India Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.83% | +8.60% |
| Standard deviation | 6.86% | 4.18% |
| Sharpe ratio | 0.53 | 0.61 |
| Sortino ratio | 0.73 | 0.83 |
| Maximum drawdown | −8.1% (30-03-2026) | −11.9% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 06-09-2022 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 Balanced Advantage Fund (Direct)
Franklin India Conservative Hybrid Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Balanced Advantage Fund (Direct) | −8.1% | 02-01-2026 | 30-03-2026 | 03-08-2026 | 4 months | −5.4% |
| Franklin India Conservative Hybrid Fund (Direct) | −3.9% | 02-01-2026 | 30-03-2026 | 01-07-2026 | 3 months | −1.6% |
From daily values since 06-09-2022, 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 Balanced Advantage Fund (Direct)
Franklin India Conservative Hybrid Fund (Direct)
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 India Balanced Advantage Fund (Direct)
Franklin India Conservative Hybrid Fund (Direct)
Franklin India Balanced Advantage vs Franklin India Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Balanced Advantage Fund, September 2026; Franklin India Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 27.0%
- Held by both
- 51
- Only in Franklin India Balanced Advantage
- 30
- Only in Franklin India Conservative Hybrid
- 12
| Security | % of Franklin India Balanced Advantage | % of Franklin India Conservative Hybrid |
|---|---|---|
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 4.98% | 7.03% |
| 0.00% Jubilant Beverages Ltd (31-May-2028) | 3.09% | 1.88% |
| Axis Bank Ltd | 2.62% | 1.01% |
| HDFC Bank Ltd | 3.39% | 0.95% |
| ICICI Bank Ltd | 3.33% | 0.89% |
| State Bank of India | 2.50% | 0.88% |
| Eternal Ltd | 2.01% | 0.77% |
| Bharat Electronics Ltd | 1.95% | 0.66% |
| Infosys Ltd | 1.13% | 0.65% |
| Larsen & Toubro Ltd | 2.52% | 0.65% |
| Mahindra & Mahindra Ltd | 2.09% | 0.64% |
| Bharti Airtel Ltd | 3.04% | 0.63% |
| Kirloskar Oil Engines Ltd | 1.43% | 0.53% |
| Reliance Industries Ltd | 1.83% | 0.51% |
| TVS Motor Co Ltd | 1.07% | 0.49% |
| Marico Ltd | 1.14% | 0.49% |
| Britannia Industries Ltd | 1.26% | 0.46% |
| Tata Power Co Ltd | 1.34% | 0.43% |
| RBL Bank Ltd | 1.28% | 0.43% |
| Ultratech Cement Ltd | 2.04% | 0.42% |
| Cipla Ltd | 1.25% | 0.42% |
| Dr. Reddy's Laboratories Ltd | 1.15% | 0.40% |
| Cholamandalam Investment and Finance Co Ltd | 1.31% | 0.39% |
| Metropolis Healthcare Ltd | 1.11% | 0.38% |
| Tata Steel Ltd | 0.98% | 0.38% |
| Pine Labs Ltd | 1.09% | 0.38% |
| Dixon Technologies (India) Ltd | 1.22% | 0.38% |
| Phoenix Mills Ltd | 1.08% | 0.37% |
| Sbi Funds Management Ltd | 1.00% | 0.37% |
| Ashok Leyland Ltd | 1.26% | 0.37% |
| Astral Ltd | 1.02% | 0.36% |
| Asian Paints Ltd | 0.94% | 0.35% |
| Exide Industries Ltd | 1.00% | 0.34% |
| Angel One Ltd | 0.87% | 0.33% |
| Amber Enterprises India Ltd | 0.79% | 0.32% |
| 360 One Wam Ltd | 0.96% | 0.30% |
| Hyundai Motor India Ltd | 0.94% | 0.29% |
| ICICI Lombard General Insurance Co Ltd | 0.92% | 0.27% |
| Global Health Ltd | 1.22% | 0.24% |
| Interglobe Aviation Ltd | 1.32% | 0.24% |
| Lenskart Solutions Ltd | 0.89% | 0.24% |
| PB Fintech Ltd | 0.59% | 0.23% |
| TBO Tek Ltd | 0.97% | 0.23% |
| Data Patterns India Ltd | 0.80% | 0.21% |
| Suzlon Energy Ltd | 0.76% | 0.19% |
| Emmvee Photovoltaic Power Ltd | 0.71% | 0.19% |
| 0.00% REC Ltd (03-Nov-2034) | 0.19% | 3.21% |
| Eris Lifesciences Ltd | 0.84% | 0.18% |
| 7.66% Maharashtra SDL (04-Mar-2047) | 0.05% | 2.36% |
| Timken India Ltd | 0.90% | 0.04% |
| Sedemac Mechatronics Ltd | 1.17% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.0% means 27.0% 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 Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 7.25% RJ Corp Ltd (08-Dec-2028) | 2.07% |
| 7.65% Poonawalla Fincorp Ltd (21-Apr-2027) | 1.92% |
| 7.87% Summit Digitel Infrastructure Ltd (15-Mar-2030) | 1.89% |
| Dhoot Transmission Ltd | 1.28% |
| 8.65% Bharti Telecom Ltd (05-Nov-2027) | 1.21% |
Largest holdings only in Franklin India Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.82% Bajaj Finance Ltd (31-Jan-2034) | 7.56% |
| Indian Bank (06-Nov-2026) | 7.17% |
| 7.68% Small Industries Development Bank Of India (10-Aug-2027) | 5.00% |
| 7.90% Bajaj Housing Finance Ltd (28-Apr-2028) | 4.95% |
| 7.70% Poonawalla Fincorp Ltd (21-Apr-2028) | 4.93% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Balanced Advantage | Franklin India Conservative Hybrid |
|---|---|---|
| Equity | 68.2% | 19.9% |
| Debt | 30.0% | 63.3% |
| Cash and others | 1.9% | 16.8% |
Market cap of stocks
| Market cap | Franklin India Balanced Advantage | Franklin India Conservative Hybrid |
|---|---|---|
| Large Cap | 38.9% | 12.1% |
| Mid Cap | 11.8% | 3.6% |
| Small Cap | 15.2% | 3.8% |
| Not on AMFI's list | 2.3% | 0.4% |
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 Balanced Advantage | Franklin India Conservative Hybrid |
|---|---|---|
| Banks | 13.1% | 4.2% |
| Automobiles | 4.1% | 1.4% |
| Auto Components | 3.9% | 0.3% |
| Capital Markets | 3.7% | 1.0% |
| Industrial Products | 3.4% | 0.9% |
| Pharmaceuticals & Biotechnology | 3.2% | 1.0% |
| Consumer Durables | 3.0% | 1.0% |
| Retailing | 2.9% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Balanced Advantage vs Franklin India Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Balanced Advantage Fund | Franklin India Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.80% | 0.81% |
| Base expense ratio (Direct) | 0.47% | 0.64% |
| Total expense ratio (Regular) | 2.22% | 1.39% |
| Base expense ratio (Regular) | 1.70% | 1.14% |
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 Balanced Advantage with
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- Franklin India Balanced Advantage vs WhiteOak Capital Balanced Advantage
Compare Franklin India Conservative Hybrid with
- Franklin India Conservative Hybrid vs Parag Parikh Conservative Hybrid
- Franklin India Conservative Hybrid vs HSBC Conservative Hybrid
- Franklin India Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- Franklin India Conservative Hybrid vs Nippon India Conservative Hybrid
- Franklin India Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
Franklin India Balanced Advantage Fund vs Franklin India Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between Franklin India Balanced Advantage Fund and Franklin India Conservative Hybrid Fund?
Franklin India Balanced Advantage Fund is a Balanced Advantage fund, Franklin India Conservative Hybrid Fund is a Conservative Hybrid fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 27.0%. Franklin India Balanced Advantage Fund charges 0.80% a year and Franklin India Conservative Hybrid Fund 0.81%.
Which has given higher returns, Franklin India Balanced Advantage Fund or Franklin India Conservative Hybrid Fund?
Over 1 year: Franklin India Balanced Advantage Fund −4.37%, Franklin India Conservative Hybrid Fund +0.09%. Over 3 years: Franklin India Balanced Advantage Fund +8.90% a year, Franklin India Conservative Hybrid Fund +7.55% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Balanced Advantage Fund or Franklin India Conservative Hybrid Fund?
Franklin India Balanced Advantage Fund charges less: 0.80% a year against 0.81%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Balanced Advantage Fund and Franklin India Conservative Hybrid Fund overlap?
27.0%. They hold 51 of the same securities, the largest shared ones being 0.00% Jubilant Bevco Ltd (31-May-2028), 0.00% Jubilant Beverages Ltd (31-May-2028), AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India Balanced Advantage Fund or Franklin India Conservative Hybrid Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,85,075 in Franklin India Balanced Advantage Fund (XIRR 2.5% a year) and ₹3,95,217 in Franklin India Conservative Hybrid Fund (XIRR 4.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India Balanced Advantage Fund and Franklin India Conservative Hybrid Fund?
Yes. 27.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Balanced Advantage Fund and Franklin India Conservative Hybrid Fund?
Franklin India Balanced Advantage Fund: Rajasa Kakulavarapu, Venkatesh Sanjeevi, Chandni Gupta, Anuj Tagra, Rahul Goswami, Sandeep Manam. Franklin India Conservative Hybrid Fund: Rahul Goswami, Rajasa Kakulavarapu, Venkatesh Sanjeevi, Rohan Maru, 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.