Franklin India Conservative Hybrid Fund vs Franklin India Floating Interest Rates Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Conservative Hybrid Fund is a Conservative Hybrid fund and Franklin India Floating Interest Rates Fund is a Floater fund. In the 3 years to 30-10-2026, Franklin India Conservative Hybrid Fund (Direct) returned 7.5% a year and Franklin India Floating Interest Rates Fund (Direct) returned 7.9% a year. Franklin India Conservative Hybrid Fund charges 0.81% a year and Franklin India Floating Interest Rates Fund 0.38% (Direct plans). Their portfolios overlap 20.8%: they hold 5 of the same securities.
Franklin India Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 7.5%
- Expense ratio
- 0.81%
- NAV
- ₹101.53
Franklin India Floating Interest Rates Fund
Floater
- 3 year return
- 7.9%
- Expense ratio
- 0.38%
- NAV
- ₹48.28
Which is better, Franklin India Conservative Hybrid or Franklin India Floating Interest Rates? 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 Floating Interest Rates returned more over 5 years: 7.2% a year against 6.9%.
- Franklin India Floating Interest Rates returned more over 3 years: 7.9% a year against 7.5%.
- Franklin India Floating Interest Rates costs less: 0.38% a year against 0.81% (Direct plans).
- Franklin India Floating Interest Rates swung less over 3 years: a standard deviation of 0.8% a year against 3.6%.
- Franklin India Floating Interest Rates fell less in its worst fall since 01-01-2013: −1.3% against −11.9%.
- Franklin India Floating Interest Rates is the larger fund: ₹256 Cr against ₹208 Cr.
- Their portfolios overlap 20.8%: 5 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 Conservative Hybrid Fund | Franklin India Floating Interest Rates Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Conservative Hybrid | Floater |
| AUM | ₹208 Cr (30-09-2026) | ₹256 Cr (30-09-2026) |
| NAV | ₹101.53 (Direct) | ₹48.28 (Direct) |
| Expense ratio (Direct) | 0.81% | 0.38% |
| Expense ratio (Regular) | 1.39% | 0.95% |
| Riskometer | Not available | Not available |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | NIFTY Short Duration Debt Index A-II |
| Launch date | 28-09-2000 | 23-04-2001 |
| Minimum investment | Plan A: 10000/1 | 1000/1 |
| Lock in | None | None |
| Fund managers | Rahul Goswami, Rajasa Kakulavarapu, Venkatesh Sanjeevi, Rohan Maru, Sandeep Manam | Anuj Tagra, Rohan Maru, Sandeep Manam |
| Exit load | Nil | Nil |
Franklin India Conservative Hybrid vs Franklin India Floating Interest Rates: 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 Conservative Hybrid Fund (Direct) | −0.38% | −0.84% | +1.04% | +0.09% | +7.55% | +6.89% | +7.18% |
| Franklin India Floating Interest Rates Fund (Direct) | +0.19% | +0.84% | +2.68% | +5.89% | +7.92% | +7.15% | +6.90% |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | +7.16% |
Category average: the average of the 18 Conservative Hybrid funds and the 12 Floater funds, same plan type.
Franklin India Conservative Hybrid vs Franklin India Floating Interest Rates: Year-wise Returns
| Year | Conservative HybridFranklin India Conservative Hybrid | Floating Interest RatesFranklin India Floating Interest Rates |
|---|---|---|
| 2026to date | −0.21% | +4.85% |
| 2025 | +6.66% | +8.69% |
| 2024 | +11.47% | +8.92% |
| 2023 | +12.26% | +8.14% |
| 2022 | +4.82% | +4.91% |
| 2021 | +8.85% | +4.00% |
Franklin India Conservative Hybrid vs Franklin India Floating Interest Rates: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,667 of them, one for each trading day from 01-01-2016 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 India Conservative Hybrid Fund (Direct)
Franklin India Floating Interest Rates Fund (Direct)
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Conservative Hybrid | 0.0 | 4.1 | 71.3 | 23.6 | 1.0 | 0.0 | 0.0 | 8.9% | 8.6% | 3.0% | 16.9% |
| Franklin India Floating Interest Rates | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 7.0% | 7.1% | 5.0% | 8.9% |
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 01-01-2013. Past returns do not promise future returns.
Franklin India Conservative Hybrid vs Franklin India Floating Interest Rates: 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 India Conservative HybridFranklin India Conservative Hybrid Fund (Direct) | ₹16,60,000 | ₹29,28,348 | ₹12,68,348 | 7.8% |
| Franklin India Floating Interest RatesFranklin India Floating Interest Rates Fund (Direct) | ₹16,60,000 | ₹27,55,132 | ₹10,95,132 | 7.0% |
Franklin India Conservative HybridFranklin India Conservative Hybrid Fund (Direct)
Franklin India Floating Interest RatesFranklin India Floating Interest Rates 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 Conservative Hybrid vs Franklin India Floating Interest Rates: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Conservative Hybrid Fund (Direct) | Franklin India Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +0.09% | +5.89% |
| Standard deviation | 3.88% | 0.81% |
| Sharpe ratio | -1.33 | 0.79 |
| Sortino ratio | -1.77 | 1.16 |
| Maximum drawdown | −3.9% (30-03-2026) | −0.3% (24-03-2026) |
| 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 Conservative Hybrid Fund (Direct) | Franklin India Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.55% | +7.92% |
| Standard deviation | 3.62% | 0.80% |
| Sharpe ratio | 0.42 | 2.37 |
| Sortino ratio | 0.58 | 4.00 |
| Maximum drawdown | −3.9% (30-03-2026) | −0.5% (02-09-2025) |
| 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 Conservative Hybrid Fund (Direct) | Franklin India Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.89% | +7.15% |
| Standard deviation | 3.58% | 0.73% |
| Sharpe ratio | 0.31 | 1.85 |
| Sortino ratio | 0.42 | 3.03 |
| Maximum drawdown | −4.0% (17-06-2022) | −0.5% (02-09-2025) |
| 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 Conservative Hybrid Fund (Direct) | Franklin India Floating Interest Rates Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.60% | +7.07% |
| Standard deviation | 4.18% | 0.64% |
| Sharpe ratio | 0.61 | 1.59 |
| Sortino ratio | 0.83 | 2.77 |
| Maximum drawdown | −11.9% (23-03-2020) | −1.3% (24-03-2020) |
| 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 Conservative Hybrid Fund (Direct)
Franklin India Floating Interest Rates Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Conservative Hybrid Fund (Direct) | −11.9% | 20-02-2020 | 23-03-2020 | 20-10-2020 | 7 months | −1.6% |
| Franklin India Floating Interest Rates Fund (Direct) | −1.3% | 09-03-2020 | 24-03-2020 | 17-04-2020 | 24 days | 0.0% |
From daily values since 01-01-2013, 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 India Conservative Hybrid Fund (Direct)
Franklin India Floating Interest Rates 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 Conservative Hybrid Fund (Direct)
Franklin India Floating Interest Rates 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 Conservative Hybrid Fund (Direct)
Franklin India Floating Interest Rates Fund (Direct)
Franklin India Conservative Hybrid vs Franklin India Floating Interest Rates: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Conservative Hybrid Fund, September 2026; Franklin India Floating Interest Rates Fund, September 2026
Holdings in common
- Overlap
- 20.8%
- Held by both
- 5
- Only in Franklin India Conservative Hybrid
- 58
- Only in Franklin India Floating Interest Rates
- 9
| Security | % of Franklin India Conservative Hybrid | % of Franklin India Floating Interest Rates |
|---|---|---|
| 7.82% Bajaj Finance Ltd (31-Jan-2034) | 7.56% | 8.18% |
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 7.03% | 7.81% |
| 7.70% Poonawalla Fincorp Ltd (21-Apr-2028) | 4.93% | 4.00% |
| 0.00% Jubilant Beverages Ltd (31-May-2028) | 1.88% | 8.92% |
| Corporate Debt Market Development Fund Class A2 | 0.37% | 0.41% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 20.8% means 20.8% 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 Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 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% |
| 7.48% National Bank For Agriculture & Rural Development (15-Sep-2028) | 4.79% |
| Small Industries Development Bank of India (06-Nov-2026) | 4.78% |
Largest holdings only in Franklin India Floating Interest Rates Fund
| Security | % of fund |
|---|---|
| 7.64% REC Ltd (30-Apr-2027) | 10.06% |
| 7.59% Chhattisgarh SDL (11-Feb-2036) | 9.64% |
| 7.31% Karnataka SDL (04-Sep-2033) | 9.62% |
| 7.33% Maharashtra SDL (04-Mar-2034) | 9.58% |
| HDFC Bank Ltd (12-Mar-2027) | 9.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Conservative Hybrid | Franklin India Floating Interest Rates |
|---|---|---|
| Equity | 19.9% | 0.0% |
| Debt | 63.3% | 94.7% |
| Cash and others | 16.8% | 5.3% |
Market cap of stocks
| Market cap | Franklin India Conservative Hybrid | Franklin India Floating Interest Rates |
|---|---|---|
| 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 Conservative Hybrid | Franklin India Floating Interest Rates |
|---|---|---|
| Banks | 4.2% | 0.0% |
| Automobiles | 1.4% | 0.0% |
| Consumer Durables | 1.0% | 0.0% |
| Retailing | 1.0% | 0.0% |
| Pharmaceuticals & Biotechnology | 1.0% | 0.0% |
| Capital Markets | 1.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Conservative Hybrid vs Franklin India Floating Interest Rates: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Conservative Hybrid Fund | Franklin India Floating Interest Rates Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.81% | 0.38% |
| Base expense ratio (Direct) | 0.64% | 0.32% |
| Total expense ratio (Regular) | 1.39% | 0.95% |
| Base expense ratio (Regular) | 1.14% | 0.82% |
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 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
Compare Franklin India Floating Interest Rates with
Franklin India Conservative Hybrid Fund vs Franklin India Floating Interest Rates Fund: Frequently Asked Questions
What is the difference between Franklin India Conservative Hybrid Fund and Franklin India Floating Interest Rates Fund?
Franklin India Conservative Hybrid Fund is a Conservative Hybrid fund, Franklin India Floating Interest Rates Fund is a Floater fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 20.8%. Franklin India Conservative Hybrid Fund charges 0.81% a year and Franklin India Floating Interest Rates Fund 0.38%.
Which has given higher returns, Franklin India Conservative Hybrid Fund or Franklin India Floating Interest Rates Fund?
Over 1 year: Franklin India Conservative Hybrid Fund +0.09%, Franklin India Floating Interest Rates Fund +5.89%. Over 3 years: Franklin India Conservative Hybrid Fund +7.55% a year, Franklin India Floating Interest Rates Fund +7.92% a year. Over 5 years: Franklin India Conservative Hybrid Fund +6.89% a year, Franklin India Floating Interest Rates Fund +7.15% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Conservative Hybrid Fund or Franklin India Floating Interest Rates Fund?
Franklin India Floating Interest Rates Fund charges less: 0.38% a year against 0.81%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Conservative Hybrid Fund and Franklin India Floating Interest Rates Fund overlap?
20.8%. They hold 5 of the same securities, the largest shared ones being 7.82% Bajaj Finance Ltd (31-Jan-2034), 0.00% Jubilant Bevco Ltd (31-May-2028), 7.70% Poonawalla Fincorp Ltd (21-Apr-2028). From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India Conservative Hybrid Fund or Franklin India Floating Interest Rates Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,20,150 in Franklin India Conservative Hybrid Fund (XIRR 6.5% a year) and ₹7,39,965 in Franklin India Floating Interest Rates Fund (XIRR 7.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India Conservative Hybrid Fund and Franklin India Floating Interest Rates Fund?
Yes. 20.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Conservative Hybrid Fund and Franklin India Floating Interest Rates Fund?
Franklin India Conservative Hybrid Fund: Rahul Goswami, Rajasa Kakulavarapu, Venkatesh Sanjeevi, Rohan Maru, Sandeep Manam. Franklin India Floating Interest Rates Fund: Anuj Tagra, 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.