Franklin India Banking & PSU Debt Fund vs Franklin India Medium to Long Term 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 Medium to Long Term Fund is a Medium to Long Duration fund. In the year to 30-10-2026, Franklin India Banking & PSU Debt Fund (Direct) returned 5.4% and Franklin India Medium to Long Term Fund (Direct) returned 3.1%. Franklin India Banking & PSU Debt Fund charges 0.23% a year and Franklin India Medium to Long Term Fund 0.34% (Direct plans). Their portfolios overlap 10.6%: they hold 7 of the same securities.
Franklin India Banking & PSU Debt Fund
Banking & PSU
- 1 year return
- 5.4%
- Expense ratio
- 0.23%
- NAV
- ₹25.32
Franklin India Medium to Long Term Fund
Medium to Long Duration
- 1 year return
- 3.1%
- Expense ratio
- 0.34%
- NAV
- ₹11.20
Which is better, Franklin India Banking & PSU Debt or Franklin India Medium to Long Term? 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 Banking & PSU Debt returned more over 1 year: 5.4% against 3.1%.
- Franklin India Banking & PSU Debt costs less: 0.23% a year against 0.34% (Direct plans).
- Franklin India Banking & PSU Debt fell less in its worst fall since 24-09-2024: −0.6% against −1.8%.
- Franklin India Banking & PSU Debt is the larger fund: ₹565 Cr against ₹41 Cr.
- Their portfolios overlap 10.6%: 7 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 Medium to Long Term Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Banking & PSU | Medium to Long Duration |
| AUM | ₹565 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹25.32 (Direct) | ₹11.20 (Direct) |
| Expense ratio (Direct) | 0.23% | 0.34% |
| Expense ratio (Regular) | 0.49% | 0.85% |
| Riskometer | Not available | Not available |
| Benchmark | NIFTY Banking & PSU Debt Index A-II | Not available |
| Launch date | 25-04-2014 | Not available |
| Minimum investment | 5000/1 | Not available |
| Lock in | None | Not available |
| Fund managers | Chandni Gupta, Anuj Tagra, Sandeep Manam | Not available |
| Exit load | Nil | Not available |
Franklin India Banking & PSU Debt vs Franklin India Medium to Long Term: 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 Medium to Long Term Fund (Direct) | −0.54% | −0.94% | +2.06% | +3.15% | -- | -- | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | +6.95% |
| Medium to Long Duration average | −0.59% | −0.88% | +1.83% | +2.86% | -- | -- | -- |
Category average: the average of the 19 Banking & PSU funds and the 13 Medium to Long Duration funds, same plan type.
Franklin India Banking & PSU Debt vs Franklin India Medium to Long Term: Year-wise Returns
| Year | Banking & PSU DebtFranklin India Banking & PSU Debt | Medium to Long TermFranklin India Medium to Long Term |
|---|---|---|
| 2026to date | +4.31% | +2.63% |
| 2025 | +8.28% | +7.39% |
| 2024 | +8.05% | -- |
| 2023 | +7.20% | -- |
| 2022 | +3.62% | -- |
| 2021 | +4.03% | -- |
Franklin India Banking & PSU Debt vs Franklin India Medium to Long Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 265 of them, one for each trading day from 24-09-2025 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 Banking & PSU Debt Fund (Direct)
Franklin India Medium to Long Term Fund (Direct)
to
Oct 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 2026Sept 2025
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 Banking & PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.1% | 6.7% | 5.2% | 8.7% |
| Franklin India Medium to Long Term | 0.0 | 39.2 | 60.8 | 0.0 | 0.0 | 0.0 | 0.0 | 5.7% | 5.9% | 2.2% | 8.4% |
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 24-09-2024. Past returns do not promise future returns.
Franklin India Banking & PSU Debt vs Franklin India Medium to Long Term: 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 02-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Banking & PSU DebtFranklin India Banking & PSU Debt Fund (Direct) | ₹2,60,000 | ₹2,78,141 | ₹18,141 | 6.2% |
| Franklin India Medium to Long TermFranklin India Medium to Long Term Fund (Direct) | ₹2,60,000 | ₹2,72,419 | ₹12,419 | 4.2% |
Franklin India Banking & PSU DebtFranklin India Banking & PSU Debt Fund (Direct)
Franklin India Medium to Long TermFranklin India Medium to Long Term 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 Medium to Long Term: 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 Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.39% | +3.15% |
| Standard deviation | 1.06% | 2.00% |
| Sharpe ratio | 0.14 | -1.05 |
| Sortino ratio | 0.19 | -1.38 |
| Maximum drawdown | −0.6% (02-04-2026) | −1.8% (27-10-2026) |
| 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 Medium to Long Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.70% | +5.57% |
| Standard deviation | 1.67% | 1.84% |
| Sharpe ratio | 1.14 | -0.06 |
| Sortino ratio | 1.87 | -0.09 |
| Maximum drawdown | −3.6% (23-03-2020) | −1.8% (27-10-2026) |
| 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 Medium to Long Term 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) | −0.6% | 11-03-2026 | 02-04-2026 | 08-04-2026 | 6 days | −0.2% |
| Franklin India Medium to Long Term Fund (Direct) | −1.8% | 17-08-2026 | 27-10-2026 | Not yet | -- | −1.6% |
From daily values since 24-09-2024, 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 Medium to Long Term Fund (Direct)
Franklin India Banking & PSU Debt vs Franklin India Medium to Long Term: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Banking & PSU Debt Fund, September 2026; Franklin India Medium to Long Term Fund, September 2026
Holdings in common
- Overlap
- 10.6%
- Held by both
- 7
- Only in Franklin India Banking & PSU Debt
- 28
- Only in Franklin India Medium to Long Term
- 6
| Security | % of Franklin India Banking & PSU Debt | % of Franklin India Medium to Long Term |
|---|---|---|
| 7.66% Maharashtra SDL (04-Mar-2047) | 5.37% | 7.21% |
| 0.00% Jubilant Beverages Ltd (31-May-2028) | 2.29% | 7.19% |
| 7.02% Punjab SDL (01-Jul-2030) | 1.42% | 12.26% |
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 1.09% | 7.80% |
| Corporate Debt Market Development Fund Class A2 | 0.37% | 0.37% |
| 7.56% Himachal Pradesh SDL (08-Jul-2039) | 0.09% | 3.34% |
| 7.56% Kerala SDL (08-Jul-2039) | 0.02% | 3.09% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 10.6% means 10.6% 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 Medium to Long Term Fund
| Security | % of fund |
|---|---|
| 7.86% Haryana SDL (29-Jun-2032) | 12.61% |
| 7.15% Tamil Nadu SDL (22-Jan-2035) | 8.48% |
| 8.42% Andhra Pradesh SDL (08-Aug-2029) | 7.64% |
| 7.14% Jammu & Kashmir SDL (29-Dec-2036) | 6.79% |
| 7.79% West Bengal SDL (18-Mar-2045) | 6.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Banking & PSU Debt | Franklin India Medium to Long Term |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 93.8% | 88.2% |
| Cash and others | 6.2% | 11.8% |
Franklin India Banking & PSU Debt vs Franklin India Medium to Long Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Banking & PSU Debt Fund | Franklin India Medium to Long Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.23% | 0.34% |
| Base expense ratio (Direct) | 0.19% | 0.29% |
| Total expense ratio (Regular) | 0.49% | 0.85% |
| Base expense ratio (Regular) | 0.41% | 0.73% |
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 Medium to Long Term with
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- Franklin India Medium to Long Term vs Kotak Medium to Long Term
- Franklin India Medium to Long Term vs ICICI Prudential Medium to Long Term
- Franklin India Medium to Long Term vs HDFC Medium to Long Term
Franklin India Banking & PSU Debt Fund vs Franklin India Medium to Long Term Fund: Frequently Asked Questions
What is the difference between Franklin India Banking & PSU Debt Fund and Franklin India Medium to Long Term Fund?
Franklin India Banking & PSU Debt Fund is a Banking & PSU fund, Franklin India Medium to Long Term Fund is a Medium to Long Duration fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 10.6%. Franklin India Banking & PSU Debt Fund charges 0.23% a year and Franklin India Medium to Long Term Fund 0.34%.
Which has given higher returns, Franklin India Banking & PSU Debt Fund or Franklin India Medium to Long Term Fund?
Over 1 year: Franklin India Banking & PSU Debt Fund +5.39%, Franklin India Medium to Long Term Fund +3.15%. 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 Medium to Long Term Fund?
Franklin India Banking & PSU Debt Fund charges less: 0.23% a year against 0.34%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Banking & PSU Debt Fund and Franklin India Medium to Long Term Fund overlap?
10.6%. They hold 7 of the same securities, the largest shared ones being 7.66% Maharashtra SDL (04-Mar-2047), 0.00% Jubilant Beverages Ltd (31-May-2028), 7.02% Punjab SDL (01-Jul-2030). From each fund's latest monthly portfolio.
Can I invest in both Franklin India Banking & PSU Debt Fund and Franklin India Medium to Long Term Fund?
Yes. 10.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.