Franklin India Dynamic Asset Allocation Active Fund of Funds vs Franklin India Income Plus Arbitrage Active Fund of Funds
Direct Plan, Growth option · Data as on 29-10-2026
Franklin India Dynamic Asset Allocation Active Fund of Funds is a Fund of Funds fund and Franklin India Income Plus Arbitrage Active Fund of Funds is a Fund of Funds fund. In the 3 years to 29-10-2026, Franklin India Dynamic Asset Allocation Active Fund of Funds (Direct) returned 8.2% a year and Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) returned 13.1% a year. Franklin India Dynamic Asset Allocation Active Fund of Funds charges 1.03% a year and Franklin India Income Plus Arbitrage Active Fund of Funds 0.20% (Direct plans). Their portfolios overlap 19.7%: they hold 1 of the same security.
Franklin India Dynamic Asset Allocation Active Fund of Funds
Fund of Funds
- 3 year return
- 8.2%
- Expense ratio
- 1.03%
- NAV
- ₹184.50
Franklin India Income Plus Arbitrage Active Fund of Funds
Fund of Funds
- 3 year return
- 13.1%
- Expense ratio
- 0.20%
- NAV
- ₹25.48
Which is better, Franklin India Dynamic Asset Allocation Active Fund of Funds or Franklin India Income Plus Arbitrage Active Fund of Funds? 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 Income Plus Arbitrage Active Fund of Funds returned more over 5 years: 10.5% a year against 9.3%.
- Franklin India Income Plus Arbitrage Active Fund of Funds returned more over 3 years: 13.1% a year against 8.2%.
- Franklin India Income Plus Arbitrage Active Fund of Funds costs less: 0.20% a year against 1.03% (Direct plans).
- Franklin India Income Plus Arbitrage Active Fund of Funds swung less over 3 years: a standard deviation of 4.2% a year against 6.8%.
- Franklin India Income Plus Arbitrage Active Fund of Funds fell less in its worst fall since 28-11-2014: −27.6% against −30.9%.
- Franklin India Dynamic Asset Allocation Active Fund of Funds is the larger fund: ₹1,192 Cr against ₹142 Cr.
- Their portfolios overlap 19.7%: 1 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 Dynamic Asset Allocation Active Fund of Funds | Franklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Fund of Funds | Fund of Funds |
| AUM | ₹1,192 Cr (30-09-2026) | ₹142 Cr (30-09-2026) |
| NAV | ₹184.50 (Direct) | ₹25.48 (Direct) |
| Expense ratio (Direct) | 1.03% | 0.20% |
| Expense ratio (Regular) | 1.90% | 0.53% |
| Riskometer | Not available | Not available |
| Benchmark | CRISIL Hybrid 50+50 - Moderate Index | (65%) NIFTY Short Duration Debt Index + (35%) NIFTY 50 Arbitrage Index |
| Launch date | 31-10-2003 | 28-11-2014 |
| Minimum investment | 5000/1 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Rajasa Kakulavarapu, Venkatesh Sanjeevi, Chandni Gupta | Rohan Maru, Rahul Goswami |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year. | Nil |
Franklin India Dynamic Asset Allocation Active Fund of Funds vs Franklin India Income Plus Arbitrage Active Fund of Funds: Returns Comparison
Returns as on 29-10-2026. 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 Dynamic Asset Allocation Active Fund of Funds (Direct) | −0.06% | −3.33% | −1.16% | −3.36% | +8.18% | +9.31% | +10.07% |
| Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) | +0.27% | +0.94% | +2.75% | +5.65% | +13.05% | +10.50% | +8.24% |
Franklin India Dynamic Asset Allocation Active Fund of Funds vs Franklin India Income Plus Arbitrage Active Fund of Funds: Year-wise Returns
| Year | Dynamic Asset AllocationFranklin India Dynamic Asset Allocation Active Fund of Funds | Income Plus ArbitrageFranklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| 2026to date | −3.15% | +4.57% |
| 2025 | +6.28% | +14.84% |
| 2024 | +13.92% | +12.75% |
| 2023 | +22.73% | +16.08% |
| 2022 | +8.15% | +4.77% |
| 2021 | +37.66% | +26.71% |
Franklin India Dynamic Asset Allocation Active Fund of Funds vs Franklin India Income Plus Arbitrage Active Fund of Funds: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,159 of them, one for each trading day from 28-11-2017 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 Dynamic Asset Allocation Active Fund of Funds (Direct)
Franklin India Income Plus Arbitrage Active Fund of Funds (Direct)
to
Aug 2018Feb 2017
to
Feb 2020Aug 2018
to
Aug 2021Mar 2020
to
Mar 2023Sept 2021
to
Sept 2024Feb 2023
to
Feb 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 Dynamic Asset Allocation Active Fund of Funds | 6.5 | 5.9 | 24.8 | 40.9 | 11.2 | 9.9 | 0.8 | 11.5% | 11.2% | −5.1% | 26.3% |
| Franklin India Income Plus Arbitrage Active Fund of Funds | 9.2 | 13.3 | 38.0 | 28.1 | 11.4 | 0.0 | 0.0 | 8.3% | 7.6% | −4.9% | 17.6% |
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 28-11-2014. Past returns do not promise future returns.
Franklin India Dynamic Asset Allocation Active Fund of Funds vs Franklin India Income Plus Arbitrage Active Fund of Funds: 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 03-11-2014 to 29-10-2026: 144 instalments, ₹14,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Dynamic Asset Allocation Active Fund of FundsFranklin India Dynamic Asset Allocation Active Fund of Funds (Direct) | ₹14,40,000 | ₹27,46,615 | ₹13,06,615 | 10.3% |
| Franklin India Income Plus Arbitrage Active Fund of FundsFranklin India Income Plus Arbitrage Active Fund of Funds (Direct) | ₹14,40,000 | ₹25,83,344 | ₹11,43,344 | 9.3% |
Franklin India Dynamic Asset Allocation Active Fund of FundsFranklin India Dynamic Asset Allocation Active Fund of Funds (Direct)
Franklin India Income Plus Arbitrage Active Fund of FundsFranklin India Income Plus Arbitrage Active Fund of Funds (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 Dynamic Asset Allocation Active Fund of Funds vs Franklin India Income Plus Arbitrage Active Fund of Funds: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Dynamic Asset Allocation Active Fund of Funds (Direct) | Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | −3.36% | +5.65% |
| Standard deviation | 8.05% | 0.81% |
| Sharpe ratio | -1.07 | 0.52 |
| Sortino ratio | -1.44 | 0.79 |
| Maximum drawdown | −7.7% (30-03-2026) | −0.3% (02-04-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Dynamic Asset Allocation Active Fund of Funds (Direct) | Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | +8.18% | +13.05% |
| Standard deviation | 6.78% | 4.24% |
| Sharpe ratio | 0.32 | 1.65 |
| Sortino ratio | 0.44 | 2.53 |
| Maximum drawdown | −7.7% (30-03-2026) | −3.9% (14-11-2024) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-10-2023 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 Dynamic Asset Allocation Active Fund of Funds (Direct) | Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | +9.31% | +10.50% |
| Standard deviation | 6.99% | 4.66% |
| Sharpe ratio | 0.50 | 1.01 |
| Sortino ratio | 0.70 | 1.49 |
| Maximum drawdown | −7.7% (30-03-2026) | −5.2% (17-06-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 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 Dynamic Asset Allocation Active Fund of Funds (Direct) | Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) |
|---|---|---|
| Return (CAGR) | +10.56% | +8.17% |
| Standard deviation | 9.37% | 8.61% |
| Sharpe ratio | 0.48 | 0.29 |
| Sortino ratio | 0.61 | 0.33 |
| Maximum drawdown | −30.9% (18-05-2020) | −27.6% (19-05-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
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 Dynamic Asset Allocation Active Fund of Funds (Direct)
Franklin India Income Plus Arbitrage Active Fund of Funds (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Dynamic Asset Allocation Active Fund of Funds (Direct) | −30.9% | 15-01-2020 | 18-05-2020 | 15-02-2021 | 9 months | −4.4% |
| Franklin India Income Plus Arbitrage Active Fund of Funds (Direct) | −27.6% | 24-02-2020 | 19-05-2020 | 02-07-2021 | 13 months | −0.0% |
From daily values since 28-11-2014, 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 Dynamic Asset Allocation Active Fund of Funds (Direct)
Franklin India Income Plus Arbitrage Active Fund of Funds (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 Dynamic Asset Allocation Active Fund of Funds (Direct)
Franklin India Income Plus Arbitrage Active Fund of Funds (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 Dynamic Asset Allocation Active Fund of Funds (Direct)
Franklin India Income Plus Arbitrage Active Fund of Funds (Direct)
Franklin India Dynamic Asset Allocation Active Fund of Funds vs Franklin India Income Plus Arbitrage Active Fund of Funds: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Dynamic Asset Allocation Active Fund of Funds, September 2026; Franklin India Income Plus Arbitrage Active Fund of Funds, September 2026
Holdings in common
- Overlap
- 19.7%
- Held by both
- 1
- Only in Franklin India Dynamic Asset Allocation Active Fund of Funds
- 3
- Only in Franklin India Income Plus Arbitrage Active Fund of Funds
- 9
| Security | % of Franklin India Dynamic Asset Allocation Active Fund of Funds | % of Franklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| Franklin India Corporate Bond Fund - Direct Plan - Growth | 21.40% | 19.72% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 19.7% means 19.7% 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 Dynamic Asset Allocation Active Fund of Funds
| Security | % of fund |
|---|---|
| Franklin India Flexi Cap Fund-Direct Growth Plan (Formerly known as Franklin India Equity Fund) | 60.88% |
| ICICI Prudential Short Term Fund Direct - Growth Plan | 8.32% |
| Franklin India Banking & Psu Debt Fund - Direct Plan - Growth | 7.74% |
Largest holdings only in Franklin India Income Plus Arbitrage Active Fund of Funds
| Security | % of fund |
|---|---|
| Franklin India Money Market Fund - Direct-Growth Plan | 19.81% |
| Franklin India Arbitrage Fund - Direct Plan - Growth | 19.72% |
| Franklin India Gilt Fund - Direct Plan - Growth | 10.37% |
| Aditya Birla Sun Life Arbitrage Fund - Direct Plan - Growth | 7.32% |
| Kotak Arbitrage Fund - Direct Plan - Growth | 7.12% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Dynamic Asset Allocation Active Fund of Funds | Franklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 100.0% | 100.0% |
Franklin India Dynamic Asset Allocation Active Fund of Funds vs Franklin India Income Plus Arbitrage Active Fund of Funds: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Dynamic Asset Allocation Active Fund of Funds | Franklin India Income Plus Arbitrage Active Fund of Funds |
|---|---|---|
| Total expense ratio (Direct) | 1.03% | 0.20% |
| Base expense ratio (Direct) | 0.87% | 0.17% |
| Total expense ratio (Regular) | 1.90% | 0.53% |
| Base expense ratio (Regular) | 1.62% | 0.45% |
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.
Franklin India Dynamic Asset Allocation Active Fund of Funds vs Franklin India Income Plus Arbitrage Active Fund of Funds: Frequently Asked Questions
What is the difference between Franklin India Dynamic Asset Allocation Active Fund of Funds and Franklin India Income Plus Arbitrage Active Fund of Funds?
Franklin India Dynamic Asset Allocation Active Fund of Funds is a Fund of Funds fund, Franklin India Income Plus Arbitrage Active Fund of Funds is a Fund of Funds fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 19.7%. Franklin India Dynamic Asset Allocation Active Fund of Funds charges 1.03% a year and Franklin India Income Plus Arbitrage Active Fund of Funds 0.20%.
Which has given higher returns, Franklin India Dynamic Asset Allocation Active Fund of Funds or Franklin India Income Plus Arbitrage Active Fund of Funds?
Over 1 year: Franklin India Dynamic Asset Allocation Active Fund of Funds −3.36%, Franklin India Income Plus Arbitrage Active Fund of Funds +5.65%. Over 3 years: Franklin India Dynamic Asset Allocation Active Fund of Funds +8.18% a year, Franklin India Income Plus Arbitrage Active Fund of Funds +13.05% a year. Over 5 years: Franklin India Dynamic Asset Allocation Active Fund of Funds +9.31% a year, Franklin India Income Plus Arbitrage Active Fund of Funds +10.50% a year. As on 29-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Dynamic Asset Allocation Active Fund of Funds or Franklin India Income Plus Arbitrage Active Fund of Funds?
Franklin India Income Plus Arbitrage Active Fund of Funds charges less: 0.20% a year against 1.03%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Dynamic Asset Allocation Active Fund of Funds and Franklin India Income Plus Arbitrage Active Fund of Funds overlap?
19.7%. They hold 1 of the same securities, the largest shared ones being Franklin India Corporate Bond Fund - Direct Plan - Growth. From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India Dynamic Asset Allocation Active Fund of Funds or Franklin India Income Plus Arbitrage Active Fund of Funds?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 29-10-2026 grew to ₹7,42,729 in Franklin India Dynamic Asset Allocation Active Fund of Funds (XIRR 7.7% a year) and ₹8,10,345 in Franklin India Income Plus Arbitrage Active Fund of Funds (XIRR 11.1% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India Dynamic Asset Allocation Active Fund of Funds and Franklin India Income Plus Arbitrage Active Fund of Funds?
Yes. 19.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Dynamic Asset Allocation Active Fund of Funds and Franklin India Income Plus Arbitrage Active Fund of Funds?
Franklin India Dynamic Asset Allocation Active Fund of Funds: Rajasa Kakulavarapu, Venkatesh Sanjeevi, Chandni Gupta. Franklin India Income Plus Arbitrage Active Fund of Funds: Rohan Maru, Rahul Goswami.
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.