Franklin India Equity Savings Fund vs Franklin India Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Equity Savings Fund is an Equity Savings fund and Franklin India Retirement Fund is a Solution fund. In the 3 years to 30-10-2026, Franklin India Equity Savings Fund (Direct) returned 7.3% a year and Franklin India Retirement Fund (Direct) returned 7.3% a year. Franklin India Equity Savings Fund charges 0.82% a year and Franklin India Retirement Fund 1.52% (Direct plans). Their portfolios overlap 26.4%: they hold 27 of the same securities.
Franklin India Equity Savings Fund
Equity Savings
- 3 year return
- 7.3%
- Expense ratio
- 0.82%
- NAV
- ₹18.75
Franklin India Retirement Fund
Solution
- 3 year return
- 7.3%
- Expense ratio
- 1.52%
- NAV
- ₹235.73
Which is better, Franklin India Equity Savings or Franklin India Retirement? 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 Equity Savings returned more over 5 years: 6.8% a year against 6.6%.
- Franklin India Equity Savings returned more over 3 years: 7.3% a year against 7.3%.
- Franklin India Equity Savings costs less: 0.82% a year against 1.52% (Direct plans).
- Franklin India Equity Savings swung less over 3 years: a standard deviation of 2.6% a year against 5.4%.
- Franklin India Retirement fell less in its worst fall since 27-08-2018: −13.8% against −16.7%.
- Franklin India Equity Savings holds more in large companies: 60.3% of the fund in large caps against 20.9%.
- Franklin India Equity Savings is the larger fund: ₹560 Cr against ₹479 Cr.
- Their portfolios overlap 26.4%: 27 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 Equity Savings Fund | Franklin India Retirement Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Equity Savings | Solution |
| AUM | ₹560 Cr (30-09-2026) | ₹479 Cr (30-09-2026) |
| NAV | ₹18.75 (Direct) | ₹235.73 (Direct) |
| Expense ratio (Direct) | 0.82% | 1.52% |
| Expense ratio (Regular) | 1.61% | 2.25% |
| Riskometer | Not available | Not available |
| Benchmark | Nifty Equity Savings Index | CRISIL Short Term Debt Hybrid 60+40 Index |
| Launch date | 27-08-2018 | 31-03-1997 |
| Minimum investment | 5000/1 | 500/1 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Rajasa Kakulavarapu, Venkatesh Sanjeevi, Anuj Tagra, Rohan Maru, Sandeep Manam | Anuj Tagra, Chandni Gupta, Rajasa Kakulavarapu, Ajay Argal |
| Exit load | Nil | 3% if redeemed before the age of 58 years (subject to lock-in period) and target amount. Nil, if redeemed after the age of 58 years |
Franklin India Equity Savings vs Franklin India Retirement: 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 Equity Savings Fund (Direct) | +0.67% | +0.05% | +2.06% | +2.60% | +7.30% | +6.80% | -- |
| Franklin India Retirement Fund (Direct) | −0.79% | −2.49% | −0.61% | −3.40% | +7.27% | +6.59% | +7.54% |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | -- |
Category average: the average of the 23 Equity Savings funds, same plan type.
Franklin India Equity Savings vs Franklin India Retirement: Year-wise Returns
| Year | Equity SavingsFranklin India Equity Savings | RetirementFranklin India Retirement |
|---|---|---|
| 2026to date | +1.86% | −3.21% |
| 2025 | +6.73% | +5.10% |
| 2024 | +9.79% | +13.46% |
| 2023 | +11.14% | +14.93% |
| 2022 | +4.99% | +4.34% |
| 2021 | +14.71% | +10.57% |
Franklin India Equity Savings vs Franklin India Retirement: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 1,274 of them, one for each trading day from 27-08-2021 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 Equity Savings Fund (Direct)
Franklin India Retirement Fund (Direct)
to
Jan 2022Dec 2019
to
Dec 2022Oct 2020
to
Oct 2023Sept 2021
to
Sept 2024Aug 2022
to
Aug 2025May 2023
to
May 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 Equity Savings | 0.0 | 0.0 | 63.0 | 36.6 | 0.5 | 0.0 | 0.0 | 9.9% | 9.5% | 6.9% | 15.8% |
| Franklin India Retirement | 0.0 | 0.0 | 45.3 | 54.7 | 0.0 | 0.0 | 0.0 | 10.0% | 10.1% | 6.1% | 14.2% |
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 27-08-2018. Past returns do not promise future returns.
Franklin India Equity Savings vs Franklin India Retirement: 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 27-08-2018 to 30-10-2026: 99 instalments, ₹9,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Equity SavingsFranklin India Equity Savings Fund (Direct) | ₹9,90,000 | ₹13,93,027 | ₹4,03,027 | 8.1% |
| Franklin India RetirementFranklin India Retirement Fund (Direct) | ₹9,90,000 | ₹13,47,645 | ₹3,57,645 | 7.3% |
Franklin India Equity SavingsFranklin India Equity Savings Fund (Direct)
Franklin India RetirementFranklin India Retirement 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 Equity Savings vs Franklin India Retirement: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Equity Savings Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +2.60% | −3.40% |
| Standard deviation | 2.85% | 5.41% |
| Sharpe ratio | -0.93 | -1.60 |
| Sortino ratio | -1.23 | -2.07 |
| Maximum drawdown | −2.1% (30-03-2026) | −5.9% (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 Equity Savings Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.30% | +7.27% |
| Standard deviation | 2.59% | 5.41% |
| Sharpe ratio | 0.49 | 0.23 |
| Sortino ratio | 0.68 | 0.31 |
| Maximum drawdown | −2.1% (30-03-2026) | −5.9% (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 Equity Savings Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.80% | +6.59% |
| Standard deviation | 3.78% | 5.47% |
| Sharpe ratio | 0.27 | 0.14 |
| Sortino ratio | 0.36 | 0.19 |
| Maximum drawdown | −5.8% (20-06-2022) | −7.4% (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 Equity Savings Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.00% | +9.37% |
| Standard deviation | 5.78% | 6.13% |
| Sharpe ratio | 0.47 | 0.54 |
| Sortino ratio | 0.63 | 0.73 |
| Maximum drawdown | −16.7% (24-03-2020) | −13.8% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 27-08-2018 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 Equity Savings Fund (Direct)
Franklin India Retirement Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Equity Savings Fund (Direct) | −16.7% | 06-02-2020 | 24-03-2020 | 27-08-2020 | 5 months | −0.7% |
| Franklin India Retirement Fund (Direct) | −13.8% | 19-02-2020 | 23-03-2020 | 21-10-2020 | 7 months | −3.8% |
From daily values since 27-08-2018, 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 Equity Savings Fund (Direct)
Franklin India Retirement 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 Equity Savings Fund (Direct)
Franklin India Retirement 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 Equity Savings Fund (Direct)
Franklin India Retirement Fund (Direct)
Franklin India Equity Savings vs Franklin India Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Equity Savings Fund, September 2026; Franklin India Retirement Fund, September 2026
Holdings in common
- Overlap
- 26.4%
- Held by both
- 27
- Only in Franklin India Equity Savings
- 32
- Only in Franklin India Retirement
- 36
| Security | % of Franklin India Equity Savings | % of Franklin India Retirement |
|---|---|---|
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 4.67% | 6.26% |
| 7.70% Poonawalla Fincorp Ltd (21-Apr-2028) | 1.83% | 5.35% |
| Axis Bank Ltd | 6.45% | 1.71% |
| 0.00% Jubilant Beverages Ltd (31-May-2028) | 1.60% | 4.17% |
| ICICI Bank Ltd | 1.52% | 1.60% |
| Bharti Airtel Ltd | 4.50% | 1.28% |
| Eternal Ltd | 1.20% | 1.34% |
| Larsen & Toubro Ltd | 1.44% | 1.18% |
| Mahindra & Mahindra Ltd | 3.63% | 1.17% |
| HDFC Bank Ltd | 1.00% | 1.48% |
| Infosys Ltd | 1.00% | 1.17% |
| Reliance Industries Ltd | 2.85% | 0.87% |
| Ultratech Cement Ltd | 1.57% | 0.78% |
| State Bank of India | 0.77% | 1.60% |
| Cipla Ltd | 1.20% | 0.76% |
| Tata Power Co Ltd | 1.45% | 0.75% |
| RBL Bank Ltd | 2.01% | 0.72% |
| Britannia Industries Ltd | 0.69% | 0.71% |
| Pine Labs Ltd | 0.61% | 0.72% |
| Bharat Electronics Ltd | 0.53% | 1.17% |
| Marico Ltd | 0.46% | 0.69% |
| Cholamandalam Investment and Finance Co Ltd | 0.49% | 0.41% |
| 0.00% REC Ltd (03-Nov-2034) | 0.32% | 1.76% |
| ICICI Lombard General Insurance Co Ltd | 0.23% | 0.46% |
| Asian Paints Ltd | 0.21% | 0.60% |
| 7.66% Maharashtra SDL (04-Mar-2047) | 0.15% | 2.15% |
| Sedemac Mechatronics Ltd | 0.01% | 0.02% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.4% means 26.4% 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 Equity Savings Fund
| Security | % of fund |
|---|---|
| NTPC Ltd | 4.15% |
| Kotak Mahindra Bank Ltd | 4.10% |
| Hindustan Aeronautics Ltd | 3.88% |
| Titan Co Ltd | 3.37% |
| 91 DTB (22-Oct-2026) | 2.67% |
Largest holdings only in Franklin India Retirement Fund
| Security | % of fund |
|---|---|
| 7.48% National Bank For Agriculture & Rural Development (15-Sep-2028) | 9.37% |
| 7.68% Small Industries Development Bank Of India (10-Aug-2027) | 5.42% |
| 7.90% Bajaj Housing Finance Ltd (28-Apr-2028) | 5.37% |
| 7.90% LIC Housing Finance LTD (23-Jun-2027) | 5.33% |
| 7.03% National Bank for Financing Infrastructure and Development (08-Apr-2030) | 5.25% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Equity Savings | Franklin India Retirement |
|---|---|---|
| Equity | 67.3% | 35.1% |
| Debt | 18.4% | 56.9% |
| Cash and others | 14.3% | 8.0% |
Market cap of stocks
| Market cap | Franklin India Equity Savings | Franklin India Retirement |
|---|---|---|
| Large Cap | 60.3% | 20.9% |
| Mid Cap | 4.0% | 6.2% |
| Small Cap | 3.1% | 7.5% |
| Not on AMFI's list | 0.0% | 0.5% |
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 Equity Savings | Franklin India Retirement |
|---|---|---|
| Banks | 18.1% | 7.1% |
| Telecom - Services | 7.7% | 1.3% |
| Power | 5.6% | 0.8% |
| Aerospace & Defense | 4.4% | 1.5% |
| Automobiles | 4.2% | 2.3% |
| Consumer Durables | 3.6% | 1.9% |
| Retailing | 2.6% | 1.8% |
| Pharmaceuticals & Biotechnology | 1.6% | 1.9% |
| Industrial Products | 0.0% | 1.6% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Equity Savings vs Franklin India Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Equity Savings Fund | Franklin India Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.82% | 1.52% |
| Base expense ratio (Direct) | 0.32% | 1.21% |
| Total expense ratio (Regular) | 1.61% | 2.25% |
| Base expense ratio (Regular) | 1.00% | 1.84% |
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 Equity Savings with
Franklin India Equity Savings Fund vs Franklin India Retirement Fund: Frequently Asked Questions
What is the difference between Franklin India Equity Savings Fund and Franklin India Retirement Fund?
Franklin India Equity Savings Fund is an Equity Savings fund, Franklin India Retirement Fund is a Solution fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 26.4%. Franklin India Equity Savings Fund charges 0.82% a year and Franklin India Retirement Fund 1.52%.
Which has given higher returns, Franklin India Equity Savings Fund or Franklin India Retirement Fund?
Over 1 year: Franklin India Equity Savings Fund +2.60%, Franklin India Retirement Fund −3.40%. Over 3 years: Franklin India Equity Savings Fund +7.30% a year, Franklin India Retirement Fund +7.27% a year. Over 5 years: Franklin India Equity Savings Fund +6.80% a year, Franklin India Retirement Fund +6.59% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Equity Savings Fund or Franklin India Retirement Fund?
Franklin India Equity Savings Fund charges less: 0.82% a year against 1.52%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Equity Savings Fund and Franklin India Retirement Fund overlap?
26.4%. They hold 27 of the same securities, the largest shared ones being 0.00% Jubilant Bevco Ltd (31-May-2028), 7.70% Poonawalla Fincorp Ltd (21-Apr-2028), AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India Equity Savings Fund or Franklin India Retirement Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,25,783 in Franklin India Equity Savings Fund (XIRR 6.8% a year) and ₹7,07,740 in Franklin India Retirement Fund (XIRR 5.8% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India Equity Savings Fund and Franklin India Retirement Fund?
Yes. 26.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Equity Savings Fund and Franklin India Retirement Fund?
Franklin India Equity Savings Fund: Rajasa Kakulavarapu, Venkatesh Sanjeevi, Anuj Tagra, Rohan Maru, Sandeep Manam. Franklin India Retirement Fund: Anuj Tagra, Chandni Gupta, Rajasa Kakulavarapu, Ajay Argal.
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.