Franklin India Equity Savings Fund vs Mirae Asset Nifty Top 20 Equal Weight ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Franklin India Equity Savings Fund is an Equity Savings fund and Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund. Franklin India Equity Savings Fund charges 0.82% a year and Mirae Asset Nifty Top 20 Equal Weight ETF 0.26%. Their portfolios overlap 37.7%: they hold 19 of the same securities.
Franklin India Equity Savings Fund
Equity Savings
- Expense ratio
- 0.82%
- NAV
- ₹18.75
Mirae Asset Nifty Top 20 Equal Weight ETF
- Expense ratio
- 0.26%
- NAV
- ₹8.69
Which is better, Franklin India Equity Savings or Mirae Asset Nifty Top 20 Equal Weight ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty Top 20 Equal Weight ETF costs less: 0.26% a year against 0.82%.
- Franklin India Equity Savings fell less in its worst fall since 16-12-2025: −2.1% against −16.0%.
- Mirae Asset Nifty Top 20 Equal Weight ETF holds more in large companies: 100.0% of the fund in large caps against 60.3%.
- Franklin India Equity Savings is the larger fund: ₹560 Cr against ₹14 Cr.
- Their portfolios overlap 37.7%: 19 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 | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Mirae Asset Mutual Fund |
| Category | Equity Savings | Not available |
| AUM | ₹560 Cr (30-09-2026) | ₹14 Cr (30-09-2026) |
| NAV | ₹18.75 (Direct) | ₹8.69 |
| Expense ratio (Direct) | 0.82% | Not available |
| Expense ratio (Regular) | 1.61% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Nifty Equity Savings Index | Not available |
| Launch date | 27-08-2018 | Not available |
| Minimum investment | 5000/1 | Not available |
| Lock in | None | Not available |
| Fund managers | Rajasa Kakulavarapu, Venkatesh Sanjeevi, Anuj Tagra, Rohan Maru, Sandeep Manam | Not available |
| Exit load | Nil | Not available |
Franklin India Equity Savings vs Mirae Asset Nifty Top 20 Equal Weight ETF: 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% | -- |
| Mirae Asset Nifty Top 20 Equal Weight ETF | +3.84% | −3.73% | −0.27% | -- | -- | -- | -- |
| 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 Mirae Asset Nifty Top 20 Equal Weight ETF: Year-wise Returns
| Year | Franklin India Equity SavingsFranklin India Equity Savings | Mirae Asset Nifty Top 20 Equal Weight ETFMirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| 2026to date | +1.86% | −10.27% |
| 2025 | +6.73% | -- |
| 2024 | +9.79% | -- |
| 2023 | +11.14% | -- |
| 2022 | +4.99% | -- |
| 2021 | +14.71% | -- |
Franklin India Equity Savings vs Mirae Asset Nifty Top 20 Equal Weight ETF: Rolling Returns
Every holding period of both funds, against Nifty Top 20 Equal Weight TRI, the benchmark of Mirae Asset Nifty Top 20 Equal Weight ETF
Franklin India Equity Savings vs Mirae Asset Nifty Top 20 Equal Weight ETF: 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) | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Return (CAGR) | +8.00% | −11.00% |
| Standard deviation | 5.78% | 14.95% |
| Sharpe ratio | 0.47 | -1.09 |
| Sortino ratio | 0.63 | -1.45 |
| Maximum drawdown | −16.7% (24-03-2020) | −16.0% (30-03-2026) |
| Beta | -- | 1.00 |
| Alpha | -- | −0.12% |
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)
Mirae Asset Nifty Top 20 Equal Weight ETF
Nifty Top 20 Equal Weight TRI
| 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) | −2.1% | 18-02-2026 | 30-03-2026 | 16-06-2026 | 3 months | −0.7% |
| Mirae Asset Nifty Top 20 Equal Weight ETF | −16.0% | 22-12-2025 | 30-03-2026 | Not yet | -- | −10.6% |
| Nifty Top 20 Equal Weight TRI | −15.9% | 22-12-2025 | 30-03-2026 | Not yet | -- | −10.6% |
From daily values since 16-12-2025, the first day every fund has.
Franklin India Equity Savings vs Mirae Asset Nifty Top 20 Equal Weight ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Equity Savings Fund, September 2026; Mirae Asset Nifty Top 20 Equal Weight ETF, September 2026
Holdings in common
- Overlap
- 37.7%
- Held by both
- 19
- Only in Franklin India Equity Savings
- 40
- Only in Mirae Asset Nifty Top 20 Equal Weight ETF
- 1
| Security | % of Franklin India Equity Savings | % of Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Axis Bank Ltd | 6.45% | 5.12% |
| Bharti Airtel Ltd | 4.50% | 5.02% |
| NTPC Ltd | 4.15% | 5.05% |
| Kotak Mahindra Bank Ltd | 4.10% | 5.27% |
| Mahindra & Mahindra Ltd | 3.63% | 4.96% |
| Titan Co Ltd | 3.37% | 4.79% |
| Reliance Industries Ltd | 2.85% | 4.94% |
| ICICI Bank Ltd | 1.52% | 5.09% |
| Larsen & Toubro Ltd | 1.44% | 4.95% |
| Eternal Ltd | 1.20% | 4.88% |
| HDFC Bank Ltd | 1.00% | 4.92% |
| Infosys Ltd | 1.00% | 5.08% |
| State Bank of India | 0.77% | 4.98% |
| HCL Technologies Ltd | 0.61% | 4.99% |
| Maruti Suzuki India Ltd | 0.53% | 5.06% |
| ITC Ltd | 0.53% | 4.99% |
| Bajaj Finance Ltd | 0.51% | 4.91% |
| Sun Pharmaceutical Industries Ltd | 0.45% | 5.01% |
| Hindustan Unilever Ltd | 0.44% | 4.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.7% means 37.7% 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 Equity Savings Fund
| Security | % of fund |
|---|---|
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 4.67% |
| Hindustan Aeronautics Ltd | 3.88% |
| 91 DTB (22-Oct-2026) | 2.67% |
| 7.21% Embassy Office Parks Reit (17-Mar-2028) | 2.65% |
| Apollo Hospitals Enterprise Ltd | 2.24% |
Largest holdings only in Mirae Asset Nifty Top 20 Equal Weight ETF
| Security | % of fund |
|---|---|
| Tata Consultancy Services Ltd. | 5.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Equity Savings | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Equity | 67.3% | 100.0% |
| Debt | 18.4% | 0.0% |
| Cash and others | 14.3% | 0.0% |
Market cap of stocks
| Market cap | Franklin India Equity Savings | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Large Cap | 60.3% | 100.0% |
| Mid Cap | 4.0% | 0.0% |
| Small Cap | 3.1% | 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 Equity Savings | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Banks | 18.1% | 25.4% |
| IT - Software | 1.6% | 15.1% |
| Automobiles | 4.2% | 10.0% |
| Diversified FMCG | 1.0% | 9.9% |
| Telecom - Services | 7.7% | 5.0% |
| Power | 5.6% | 5.0% |
| Consumer Durables | 3.6% | 4.8% |
| Aerospace & Defense | 4.4% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Equity Savings vs Mirae Asset Nifty Top 20 Equal Weight ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Equity Savings Fund | Mirae Asset Nifty Top 20 Equal Weight ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.82% | Not available |
| Base expense ratio (Direct) | 0.32% | 0.00% |
| Total expense ratio (Regular) | 1.61% | Not available |
| Base expense ratio (Regular) | 1.00% | 0.09% |
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 Mirae Asset Nifty Top 20 Equal Weight ETF: Frequently Asked Questions
What is the difference between Franklin India Equity Savings Fund and Mirae Asset Nifty Top 20 Equal Weight ETF?
Franklin India Equity Savings Fund is an Equity Savings fund, Mirae Asset Nifty Top 20 Equal Weight ETF is a mutual fund, run by Franklin Templeton Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 37.7%. Franklin India Equity Savings Fund charges 0.82% a year and Mirae Asset Nifty Top 20 Equal Weight ETF 0.26%.
Which has the lower expense ratio, Franklin India Equity Savings Fund or Mirae Asset Nifty Top 20 Equal Weight ETF?
Mirae Asset Nifty Top 20 Equal Weight ETF charges less: 0.26% a year against 0.82%. These are the total expense ratios reported to AMFI.
How much do Franklin India Equity Savings Fund and Mirae Asset Nifty Top 20 Equal Weight ETF overlap?
37.7%. They hold 19 of the same securities, the largest shared ones being AXISBANK, BHARTIARTL, NTPC. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Equity Savings Fund and Mirae Asset Nifty Top 20 Equal Weight ETF?
Yes. 37.7% 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.