Franklin India Banking & PSU Debt Fund vs Franklin India Conservative Hybrid Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Banking & PSU Debt Fund is a Banking & PSU fund and Franklin India Conservative Hybrid Fund is a Conservative Hybrid fund. In the 3 years to 30-10-2026, Franklin India Banking & PSU Debt Fund (Direct) returned 7.3% a year and Franklin India Conservative Hybrid Fund (Direct) returned 7.5% a year. Franklin India Banking & PSU Debt Fund charges 0.23% a year and Franklin India Conservative Hybrid Fund 0.81% (Direct plans). Their portfolios overlap 10.7%: they hold 6 of the same securities.
Franklin India Banking & PSU Debt Fund
Banking & PSU
- 3 year return
- 7.3%
- Expense ratio
- 0.23%
- NAV
- ₹25.32
Franklin India Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 7.5%
- Expense ratio
- 0.81%
- NAV
- ₹101.53
Which is better, Franklin India Banking & PSU Debt 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 Conservative Hybrid returned more over 5 years: 6.9% a year against 6.4%.
- Franklin India Conservative Hybrid returned more over 3 years: 7.5% a year against 7.3%.
- Franklin India Banking & PSU Debt costs less: 0.23% a year against 0.81% (Direct plans).
- Franklin India Banking & PSU Debt swung less over 3 years: a standard deviation of 1.0% a year against 3.6%.
- Franklin India Banking & PSU Debt fell less in its worst fall since 25-04-2014: −3.6% against −11.9%.
- Franklin India Banking & PSU Debt is the larger fund: ₹565 Cr against ₹208 Cr.
- Their portfolios overlap 10.7%: 6 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 Banking & PSU Debt Fund | Franklin India Conservative Hybrid Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Banking & PSU | Conservative Hybrid |
| AUM | ₹565 Cr (30-09-2026) | ₹208 Cr (30-09-2026) |
| NAV | ₹25.32 (Direct) | ₹101.53 (Direct) |
| Expense ratio (Direct) | 0.23% | 0.81% |
| Expense ratio (Regular) | 0.49% | 1.39% |
| Riskometer | Not available | Not available |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | CRISIL Hybrid 85+15 - Conservative Index |
| Launch date | 25-04-2014 | 28-09-2000 |
| Minimum investment | 5000/1 | Plan A: 10000/1 |
| Lock in | None | None |
| Fund managers | Chandni Gupta, Anuj Tagra, Sandeep Manam | Rahul Goswami, Rajasa Kakulavarapu, Venkatesh Sanjeevi, Rohan Maru, Sandeep Manam |
| Exit load | Nil | Nil |
Franklin India Banking & PSU Debt 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 Banking & PSU Debt Fund (Direct) | +0.02% | +0.70% | +2.66% | +5.39% | +7.31% | +6.42% | +7.17% |
| Franklin India Conservative Hybrid Fund (Direct) | −0.38% | −0.84% | +1.04% | +0.09% | +7.55% | +6.89% | +7.18% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
Category average: the average of the 19 Banking & PSU funds and the 18 Conservative Hybrid funds, same plan type.
Franklin India Banking & PSU Debt vs Franklin India Conservative Hybrid: Year-wise Returns
| Year | Banking & PSU DebtFranklin India Banking & PSU Debt | Conservative HybridFranklin India Conservative Hybrid |
|---|---|---|
| 2026to date | +4.31% | −0.21% |
| 2025 | +8.28% | +6.66% |
| 2024 | +8.05% | +11.47% |
| 2023 | +7.20% | +12.26% |
| 2022 | +3.62% | +4.82% |
| 2021 | +4.03% | +8.85% |
Franklin India Banking & PSU Debt vs Franklin India Conservative Hybrid: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,304 of them, one for each trading day from 25-04-2017 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 Banking & PSU Debt Fund (Direct)
Franklin India Conservative Hybrid Fund (Direct)
to
Jan 2018Sept 2016
to
Sept 2019Apr 2018
to
Apr 2021Dec 2019
to
Dec 2022Jul 2021
to
Jul 2024Jan 2023
to
Jan 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 Banking & PSU Debt | 0.0 | 4.9 | 95.1 | 0.0 | 0.0 | 0.0 | 0.0 | 7.5% | 7.8% | 4.7% | 9.7% |
| Franklin India Conservative Hybrid | 0.0 | 4.7 | 81.1 | 14.2 | 0.0 | 0.0 | 0.0 | 8.3% | 8.3% | 3.0% | 12.9% |
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 25-04-2014. Past returns do not promise future returns.
Franklin India Banking & PSU Debt 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 25-04-2014 to 30-10-2026: 151 instalments, ₹15,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Banking & PSU DebtFranklin India Banking & PSU Debt Fund (Direct) | ₹15,10,000 | ₹24,11,472 | ₹9,01,472 | 7.1% |
| Franklin India Conservative HybridFranklin India Conservative Hybrid Fund (Direct) | ₹15,10,000 | ₹24,73,872 | ₹9,63,872 | 7.5% |
Franklin India Banking & PSU DebtFranklin India Banking & PSU Debt 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 Banking & PSU Debt 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 Banking & PSU Debt Fund (Direct) | Franklin India Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.39% | +0.09% |
| Standard deviation | 1.06% | 3.88% |
| Sharpe ratio | 0.14 | -1.33 |
| Sortino ratio | 0.19 | -1.77 |
| Maximum drawdown | −0.6% (02-04-2026) | −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 Banking & PSU Debt Fund (Direct) | Franklin India Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.31% | +7.55% |
| Standard deviation | 0.98% | 3.62% |
| Sharpe ratio | 1.31 | 0.42 |
| Sortino ratio | 2.00 | 0.58 |
| Maximum drawdown | −0.6% (02-04-2026) | −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 Banking & PSU Debt Fund (Direct) | Franklin India Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.42% | +6.89% |
| Standard deviation | 0.98% | 3.58% |
| Sharpe ratio | 0.63 | 0.31 |
| Sortino ratio | 0.89 | 0.42 |
| Maximum drawdown | −1.0% (09-05-2022) | −4.0% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 India Banking & PSU Debt Fund (Direct) | Franklin India Conservative Hybrid Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.70% | +8.60% |
| Standard deviation | 1.67% | 4.18% |
| Sharpe ratio | 1.14 | 0.61 |
| Sortino ratio | 1.87 | 0.83 |
| Maximum drawdown | −3.6% (23-03-2020) | −11.9% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 25-04-2014 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 Banking & PSU Debt 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 Banking & PSU Debt Fund (Direct) | −3.6% | 06-03-2020 | 23-03-2020 | 20-04-2020 | 28 days | −0.2% |
| Franklin India Conservative Hybrid Fund (Direct) | −11.9% | 20-02-2020 | 23-03-2020 | 20-10-2020 | 7 months | −1.6% |
From daily values since 25-04-2014, 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 Banking & PSU Debt 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 Banking & PSU Debt 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 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India Banking & PSU Debt Fund (Direct)
Franklin India Conservative Hybrid Fund (Direct)
Franklin India Banking & PSU Debt vs Franklin India Conservative Hybrid: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Banking & PSU Debt Fund, September 2026; Franklin India Conservative Hybrid Fund, September 2026
Holdings in common
- Overlap
- 10.7%
- Held by both
- 6
- Only in Franklin India Banking & PSU Debt
- 29
- Only in Franklin India Conservative Hybrid
- 57
| Security | % of Franklin India Banking & PSU Debt | % of Franklin India Conservative Hybrid |
|---|---|---|
| 0.00% REC Ltd (03-Nov-2034) | 3.72% | 3.21% |
| 7.66% Maharashtra SDL (04-Mar-2047) | 5.37% | 2.36% |
| 0.00% Jubilant Beverages Ltd (31-May-2028) | 2.29% | 1.88% |
| 7.68% Small Industries Development Bank Of India (10-Aug-2027) | 1.84% | 5.00% |
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 1.09% | 7.03% |
| Corporate Debt Market Development Fund Class A2 | 0.37% | 0.37% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.7% means 10.7% 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 Banking & PSU Debt Fund
| Security | % of fund |
|---|---|
| 7.56% India Infrastructure Finance Co Ltd (20-Mar-2028) | 5.55% |
| 7.65% Axis Bank Ltd (30-Jan-2027) | 4.65% |
| Mahindra & Mahindra Financial Services Ltd (3M Tbill + 210bps) (18-May-2029) | 4.54% |
| 7.70% National Bank For Agriculture & Rural Development (30-Sep-2027) | 4.42% |
| HDFC Bank Ltd (19-Nov-2026) | 4.38% |
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% |
| 7.90% Bajaj Housing Finance Ltd (28-Apr-2028) | 4.95% |
| 7.70% Poonawalla Fincorp Ltd (21-Apr-2028) | 4.93% |
| 7.48% National Bank For Agriculture & Rural Development (15-Sep-2028) | 4.79% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Banking & PSU Debt | Franklin India Conservative Hybrid |
|---|---|---|
| Equity | 0.0% | 19.9% |
| Debt | 93.8% | 63.3% |
| Cash and others | 6.2% | 16.8% |
Market cap of stocks
| Market cap | Franklin India Banking & PSU Debt | Franklin India Conservative Hybrid |
|---|---|---|
| Large Cap | -- | 12.1% |
| Mid Cap | -- | 3.6% |
| Small Cap | -- | 3.8% |
| Not on AMFI's list | -- | 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 Banking & PSU Debt | Franklin India Conservative Hybrid |
|---|---|---|
| Banks | 0.0% | 4.2% |
| Automobiles | 0.0% | 1.4% |
| Consumer Durables | 0.0% | 1.0% |
| Retailing | 0.0% | 1.0% |
| Pharmaceuticals & Biotechnology | 0.0% | 1.0% |
| Capital Markets | 0.0% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Banking & PSU Debt vs Franklin India Conservative Hybrid: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Banking & PSU Debt Fund | Franklin India Conservative Hybrid Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.23% | 0.81% |
| Base expense ratio (Direct) | 0.19% | 0.64% |
| Total expense ratio (Regular) | 0.49% | 1.39% |
| Base expense ratio (Regular) | 0.41% | 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 Banking & PSU Debt with
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 Banking & PSU Debt Fund vs Franklin India Conservative Hybrid Fund: Frequently Asked Questions
What is the difference between Franklin India Banking & PSU Debt Fund and Franklin India Conservative Hybrid Fund?
Franklin India Banking & PSU Debt Fund is a Banking & PSU fund, Franklin India Conservative Hybrid Fund is a Conservative Hybrid fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 10.7%. Franklin India Banking & PSU Debt Fund charges 0.23% a year and Franklin India Conservative Hybrid Fund 0.81%.
Which has given higher returns, Franklin India Banking & PSU Debt Fund or Franklin India Conservative Hybrid Fund?
Over 1 year: Franklin India Banking & PSU Debt Fund +5.39%, Franklin India Conservative Hybrid Fund +0.09%. Over 3 years: Franklin India Banking & PSU Debt Fund +7.31% a year, Franklin India Conservative Hybrid Fund +7.55% a year. Over 5 years: Franklin India Banking & PSU Debt Fund +6.42% a year, Franklin India Conservative Hybrid Fund +6.89% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Banking & PSU Debt Fund or Franklin India Conservative Hybrid Fund?
Franklin India Banking & PSU Debt Fund charges less: 0.23% a year against 0.81%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Banking & PSU Debt Fund and Franklin India Conservative Hybrid Fund overlap?
10.7%. They hold 6 of the same securities, the largest shared ones being 0.00% REC Ltd (03-Nov-2034), 7.66% Maharashtra SDL (04-Mar-2047), 0.00% Jubilant Beverages Ltd (31-May-2028). From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India Banking & PSU Debt Fund or Franklin India Conservative Hybrid Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,27,124 in Franklin India Banking & PSU Debt Fund (XIRR 6.9% a year) and ₹7,20,150 in Franklin India Conservative Hybrid Fund (XIRR 6.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India Banking & PSU Debt Fund and Franklin India Conservative Hybrid Fund?
Yes. 10.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Banking & PSU Debt Fund and Franklin India Conservative Hybrid Fund?
Franklin India Banking & PSU Debt Fund: Chandni Gupta, Anuj Tagra, 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.