Franklin India Dividend Yield Fund vs Parag Parikh Dynamic Asset Allocation Fund
Direct Plan, Growth option · Data as on 29-10-2026
Franklin India Dividend Yield Fund is a Dividend Yield fund and Parag Parikh Dynamic Asset Allocation Fund is a Balanced Advantage fund. In the year to 30-10-2026, Franklin India Dividend Yield Fund (Direct) returned −7.9% and Parag Parikh Dynamic Asset Allocation Fund (Direct) returned 1.1%. Franklin India Dividend Yield Fund charges 1.39% a year and Parag Parikh Dynamic Asset Allocation Fund 0.41% (Direct plans). Their portfolios overlap 14.8%: they hold 7 of the same securities.
Franklin India Dividend Yield Fund
Dividend Yield
- 1 year return
- −7.9%
- Expense ratio
- 1.39%
- NAV
- ₹142.65
Parag Parikh Dynamic Asset Allocation Fund
Balanced Advantage
- 1 year return
- 1.1%
- Expense ratio
- 0.41%
- NAV
- ₹11.63
Which is better, Franklin India Dividend Yield or Parag Parikh Dynamic 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.
- Parag Parikh Dynamic Asset Allocation returned more over 1 year: 1.1% against −7.9%.
- Parag Parikh Dynamic Asset Allocation costs less: 0.41% a year against 1.39% (Direct plans).
- Parag Parikh Dynamic Asset Allocation fell less in its worst fall since 28-02-2024: −2.5% against −15.9%.
- Franklin India Dividend Yield holds 11.4% of the fund in foreign stocks; Parag Parikh Dynamic Asset Allocation 0.0%.
- Franklin India Dividend Yield holds more in large companies: 57.0% of the fund in large caps against 9.1%.
- Parag Parikh Dynamic Asset Allocation is the larger fund: ₹2,533 Cr against ₹2,179 Cr.
- Their portfolios overlap 14.8%: 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 Dividend Yield Fund | Parag Parikh Dynamic Asset Allocation Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | PPFAS Mutual Fund |
| Category | Dividend Yield | Balanced Advantage |
| AUM | ₹2,179 Cr (30-09-2026) | ₹2,533 Cr (30-09-2026) |
| NAV | ₹142.65 (Direct) | ₹11.63 (Direct) |
| Expense ratio (Direct) | 1.39% | 0.41% |
| Expense ratio (Regular) | 2.22% | 0.76% |
| Riskometer | Not available | Moderately High |
| Benchmark | Nifty 500 TRI | CRISIL Hybrid 50+50 - Moderate Index |
| Launch date | 18-05-2006 | 27-02-2024 |
| Minimum investment | 5000/1 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rajasa Kakulavarapu, Ajay Argal, Sandeep Manam | Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Mansi Kariya |
| Exit load | Exit load of 1% if redeemed within 1 year | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. |
Franklin India Dividend Yield vs Parag Parikh Dynamic 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 Dividend Yield Fund (Direct) | −1.50% | −4.46% | −5.41% | −7.91% | +10.87% | +10.92% | +13.70% |
| Parag Parikh Dynamic Asset Allocation Fund (Direct) | −1.31% | −1.92% | −0.55% | +1.10% | -- | -- | -- |
| Dividend Yield average | −1.57% | −5.69% | −3.24% | −5.57% | +12.14% | +12.06% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | -- | -- | -- |
Category average: the average of the 12 Dividend Yield funds and the 38 Balanced Advantage funds, same plan type.
Franklin India Dividend Yield vs Parag Parikh Dynamic Asset Allocation: Year-wise Returns
| Year | Franklin India Dividend YieldFranklin India Dividend Yield | Parag Parikh Dynamic Asset AllocationParag Parikh Dynamic Asset Allocation |
|---|---|---|
| 2026to date | −7.41% | +0.89% |
| 2025 | +2.58% | +5.90% |
| 2024 | +21.42% | -- |
| 2023 | +34.51% | -- |
| 2022 | +6.05% | -- |
| 2021 | +44.12% | -- |
Franklin India Dividend Yield vs Parag Parikh Dynamic Asset Allocation: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Franklin India Dividend Yield Fund
Rolling returns
Every 1-year holding period, 411 of them, one for each trading day from 28-02-2025 to 29-10-2026: 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 Dividend Yield Fund (Direct)
Parag Parikh Dynamic Asset Allocation Fund (Direct)
Nifty 500 TRI
to
Apr 2025Jul 2024
to
Jul 2025Nov 2024
to
Nov 2025Feb 2025
to
Feb 2026Jun 2025
to
Jun 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 | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Dividend Yield | 42.8 | 38.4 | 17.3 | 1.5 | 0.0 | 0.0 | 0.0 | 0.6% | 0.7% | −10.3% | 10.7% | 11% |
| Parag Parikh Dynamic Asset Allocation | 0.0 | 38.7 | 50.6 | 10.7 | 0.0 | 0.0 | 0.0 | 6.0% | 5.7% | 0.8% | 11.1% | 74% |
| Nifty 500 TRI | 26.8 | 32.8 | 32.4 | 6.6 | 1.5 | 0.0 | 0.0 | 3.5% | 3.3% | −9.0% | 15.9% | -- |
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. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 28-02-2024. Past returns do not promise future returns.
Franklin India Dividend Yield vs Parag Parikh Dynamic 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 01-02-2024 to 29-10-2026: 33 instalments, ₹3,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Dividend YieldFranklin India Dividend Yield Fund (Direct) | ₹3,30,000 | ₹3,16,558 | −₹13,442 | −2.9% |
| Parag Parikh Dynamic Asset AllocationParag Parikh Dynamic Asset Allocation Fund (Direct) | ₹3,30,000 | ₹3,46,149 | ₹16,149 | 3.4% |
Franklin India Dividend YieldFranklin India Dividend Yield Fund (Direct)
Parag Parikh Dynamic Asset AllocationParag Parikh Dynamic 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 Dividend Yield vs Parag Parikh Dynamic Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Dividend Yield Fund (Direct) | Parag Parikh Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.91% | +1.10% |
| Standard deviation | 11.56% | 2.90% |
| Sharpe ratio | -1.14 | -1.43 |
| Sortino ratio | -1.45 | -1.81 |
| Maximum drawdown | −12.0% (31-03-2026) | −2.5% (23-10-2026) |
| Beta | 0.74 | -- |
| Alpha | −3.60% | -- |
From daily NAVs, 29-10-2025 to 29-10-2026. 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 Dividend Yield Fund (Direct) | Parag Parikh Dynamic Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.98% | +5.92% |
| Standard deviation | 13.43% | 2.78% |
| Sharpe ratio | 0.59 | 0.00 |
| Sortino ratio | 0.80 | 0.00 |
| Maximum drawdown | −38.0% (23-03-2020) | −2.5% (23-10-2026) |
| Beta | 0.75 | -- |
| Alpha | +2.80% | -- |
From daily NAVs, 01-01-2013 to 29-10-2026. 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 Dividend Yield Fund (Direct)
Parag Parikh Dynamic Asset Allocation Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Dividend Yield Fund (Direct) | −15.9% | 27-09-2024 | 07-04-2025 | Not yet | -- | −13.3% |
| Parag Parikh Dynamic Asset Allocation Fund (Direct) | −2.5% | 04-08-2026 | 23-10-2026 | Not yet | -- | −2.2% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 28-02-2024, 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 Dividend Yield Fund (Direct)
Parag Parikh Dynamic Asset Allocation Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Franklin India Dividend Yield Fund (Direct) | 66% | 72% | 6.36% |
| Parag Parikh Dynamic Asset Allocation Fund (Direct) | 35% | 12% | 12.61% |
From month-end values since 28-02-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Franklin India Dividend Yield vs Parag Parikh Dynamic Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Dividend Yield Fund, September 2026; Parag Parikh Dynamic Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 14.8%
- Held by both
- 7
- Only in Franklin India Dividend Yield
- 32
- Only in Parag Parikh Dynamic Asset Allocation
- 57
| Security | % of Franklin India Dividend Yield | % of Parag Parikh Dynamic Asset Allocation |
|---|---|---|
| Embassy Office Parks REIT | 4.32% | 5.57% |
| Coal India Ltd | 2.92% | 3.02% |
| Knowledge Realty Trust | 3.12% | 2.50% |
| ITC Ltd | 3.50% | 2.47% |
| Brookfield India Real Estate Trust | 1.33% | 5.60% |
| Power Grid Corporation of India Ltd | 1.25% | 2.61% |
| Indus Towers Ltd | 1.71% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.8% means 14.8% 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 Dividend Yield Fund
| Security | % of fund |
|---|---|
| State Bank of India | 5.72% |
| Infosys Ltd | 4.53% |
| ICICI Bank Ltd | 4.06% |
| NTPC Ltd | 3.92% |
| Britannia Industries Ltd | 3.55% |
Largest holdings only in Parag Parikh Dynamic Asset Allocation Fund
| Security | % of fund |
|---|---|
| 7.21% Tamilnadu SDL (MD 21/01/2032) | 3.88% |
| 7.12% Tamilnadu SDL (MD 18/02/2032) | 3.87% |
| 7.72% Maharashtra SDL (MD 01/03/2031) | 2.99% |
| 7.49% Embassy Off Park RE NCD Sr XVII (22/06/2029) | 2.92% |
| Petronet LNG Limited | 2.81% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Dividend Yield | Parag Parikh Dynamic Asset Allocation |
|---|---|---|
| Equity | 87.4% | 14.7% |
| Debt | 0.0% | 57.9% |
| Cash and others | 12.6% | 27.4% |
Market cap of stocks
| Market cap | Franklin India Dividend Yield | Parag Parikh Dynamic Asset Allocation |
|---|---|---|
| Large Cap | 57.0% | 9.1% |
| Mid Cap | 8.5% | 2.8% |
| Small Cap | 10.6% | 2.8% |
| Foreign stocks | 11.4% | 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 Dividend Yield | Parag Parikh Dynamic Asset Allocation |
|---|---|---|
| Banks | 12.9% | 0.0% |
| Power | 8.9% | 2.6% |
| IT - Software | 7.3% | 0.0% |
| Automobiles | 5.7% | 0.0% |
| Food Products | 5.6% | 0.0% |
| IT - Hardware | 5.4% | 0.0% |
| Diversified FMCG | 3.5% | 2.5% |
| Consumable Fuels | 2.9% | 3.0% |
| Gas | 1.3% | 2.8% |
| Commercial Services & Supplies | 0.0% | 1.1% |
| Industrial Products | 0.0% | 1.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Dividend Yield vs Parag Parikh Dynamic Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Dividend Yield Fund | Parag Parikh Dynamic Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.39% | 0.41% |
| Base expense ratio (Direct) | 1.03% | 0.23% |
| Total expense ratio (Regular) | 2.22% | 0.76% |
| Base expense ratio (Regular) | 1.75% | 0.53% |
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 Dividend Yield with
Compare Parag Parikh Dynamic Asset Allocation with
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- Parag Parikh Dynamic Asset Allocation vs Axis Balanced Advantage
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Franklin India Dividend Yield Fund vs Parag Parikh Dynamic Asset Allocation Fund: Frequently Asked Questions
What is the difference between Franklin India Dividend Yield Fund and Parag Parikh Dynamic Asset Allocation Fund?
Franklin India Dividend Yield Fund is a Dividend Yield fund, Parag Parikh Dynamic Asset Allocation Fund is a Balanced Advantage fund, run by Franklin Templeton Mutual Fund and PPFAS Mutual Fund. Their portfolios overlap 14.8%. Franklin India Dividend Yield Fund charges 1.39% a year and Parag Parikh Dynamic Asset Allocation Fund 0.41%.
Which has given higher returns, Franklin India Dividend Yield Fund or Parag Parikh Dynamic Asset Allocation Fund?
Over 1 year: Franklin India Dividend Yield Fund −7.91%, Parag Parikh Dynamic Asset Allocation Fund +1.10%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Dividend Yield Fund or Parag Parikh Dynamic Asset Allocation Fund?
Parag Parikh Dynamic Asset Allocation Fund charges less: 0.41% a year against 1.39%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Dividend Yield Fund and Parag Parikh Dynamic Asset Allocation Fund overlap?
14.8%. They hold 7 of the same securities, the largest shared ones being EMBASSY-RR, COALINDIA, KRT. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Dividend Yield Fund and Parag Parikh Dynamic Asset Allocation Fund?
Yes. 14.8% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Dividend Yield Fund and Parag Parikh Dynamic Asset Allocation Fund?
Franklin India Dividend Yield Fund: Rajasa Kakulavarapu, Ajay Argal, Sandeep Manam. Parag Parikh Dynamic Asset Allocation Fund: Rajeev Thakkar, Raunak Onkar, Rukun Tarachandani, Raj Mehta, Tejas Soman, Mansi Kariya.
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.