Franklin India Floating Interest Rates Fund vs Franklin India Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Floating Interest Rates Fund is a Floater fund and Franklin India Retirement Fund is a Solution fund. In the 3 years to 30-10-2026, Franklin India Floating Interest Rates Fund (Direct) returned 7.9% a year and Franklin India Retirement Fund (Direct) returned 7.3% a year. Franklin India Floating Interest Rates Fund charges 0.38% a year and Franklin India Retirement Fund 1.52% (Direct plans). Their portfolios overlap 14.4%: they hold 3 of the same securities.
Franklin India Floating Interest Rates Fund
Floater
- 3 year return
- 7.9%
- Expense ratio
- 0.38%
- NAV
- ₹48.28
Franklin India Retirement Fund
Solution
- 3 year return
- 7.3%
- Expense ratio
- 1.52%
- NAV
- ₹235.73
Which is better, Franklin India Floating Interest Rates 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 Floating Interest Rates returned more over 5 years: 7.2% a year against 6.6%.
- Franklin India Floating Interest Rates returned more over 3 years: 7.9% a year against 7.3%.
- Franklin India Floating Interest Rates costs less: 0.38% a year against 1.52% (Direct plans).
- Franklin India Floating Interest Rates swung less over 3 years: a standard deviation of 0.8% a year against 5.4%.
- Franklin India Floating Interest Rates fell less in its worst fall since 01-01-2013: −1.3% against −13.8%.
- Franklin India Retirement is the larger fund: ₹479 Cr against ₹256 Cr.
- Their portfolios overlap 14.4%: 3 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 Floating Interest Rates Fund | Franklin India Retirement Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Floater | Solution |
| AUM | ₹256 Cr (30-09-2026) | ₹479 Cr (30-09-2026) |
| NAV | ₹48.28 (Direct) | ₹235.73 (Direct) |
| Expense ratio (Direct) | 0.38% | 1.52% |
| Expense ratio (Regular) | 0.95% | 2.25% |
| Riskometer | Not available | Not available |
| Benchmark | NIFTY Short Duration Debt Index A-II | CRISIL Short Term Debt Hybrid 60+40 Index |
| Launch date | 23-04-2001 | 31-03-1997 |
| Minimum investment | 1000/1 | 500/1 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | 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 Floating Interest Rates 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 Floating Interest Rates Fund (Direct) | +0.19% | +0.84% | +2.68% | +5.89% | +7.92% | +7.15% | +6.90% |
| Franklin India Retirement Fund (Direct) | −0.79% | −2.49% | −0.61% | −3.40% | +7.27% | +6.59% | +7.54% |
| Floater average | −0.01% | +0.56% | +2.76% | +5.43% | +7.47% | +6.73% | +7.16% |
Category average: the average of the 12 Floater funds, same plan type.
Franklin India Floating Interest Rates vs Franklin India Retirement: Year-wise Returns
| Year | Floating Interest RatesFranklin India Floating Interest Rates | RetirementFranklin India Retirement |
|---|---|---|
| 2026to date | +4.85% | −3.21% |
| 2025 | +8.69% | +5.10% |
| 2024 | +8.92% | +13.46% |
| 2023 | +8.14% | +14.93% |
| 2022 | +4.91% | +4.34% |
| 2021 | +4.00% | +10.57% |
Franklin India Floating Interest Rates vs Franklin India Retirement: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 2,760 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 Floating Interest Rates Fund (Direct)
Franklin India Retirement 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 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% |
| Franklin India Retirement | 0.0 | 4.3 | 51.3 | 35.2 | 9.0 | 0.2 | 0.0 | 10.0% | 9.6% | 2.6% | 20.9% |
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 Floating Interest Rates 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 01-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Floating Interest RatesFranklin India Floating Interest Rates Fund (Direct) | ₹16,60,000 | ₹27,55,132 | ₹10,95,132 | 7.0% |
| Franklin India RetirementFranklin India Retirement Fund (Direct) | ₹16,60,000 | ₹30,32,569 | ₹13,72,569 | 8.3% |
Franklin India Floating Interest RatesFranklin India Floating Interest Rates 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 Floating Interest Rates 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 Floating Interest Rates Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.89% | −3.40% |
| Standard deviation | 0.81% | 5.41% |
| Sharpe ratio | 0.79 | -1.60 |
| Sortino ratio | 1.16 | -2.07 |
| Maximum drawdown | −0.3% (24-03-2026) | −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 Floating Interest Rates Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.92% | +7.27% |
| Standard deviation | 0.80% | 5.41% |
| Sharpe ratio | 2.37 | 0.23 |
| Sortino ratio | 4.00 | 0.31 |
| Maximum drawdown | −0.5% (02-09-2025) | −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 Floating Interest Rates Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.15% | +6.59% |
| Standard deviation | 0.73% | 5.47% |
| Sharpe ratio | 1.85 | 0.14 |
| Sortino ratio | 3.03 | 0.19 |
| Maximum drawdown | −0.5% (02-09-2025) | −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 Floating Interest Rates Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.07% | +9.37% |
| Standard deviation | 0.64% | 6.13% |
| Sharpe ratio | 1.59 | 0.54 |
| Sortino ratio | 2.77 | 0.73 |
| Maximum drawdown | −1.3% (24-03-2020) | −13.8% (23-03-2020) |
| 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 Floating Interest Rates 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 Floating Interest Rates Fund (Direct) | −1.3% | 09-03-2020 | 24-03-2020 | 17-04-2020 | 24 days | 0.0% |
| Franklin India Retirement Fund (Direct) | −13.8% | 19-02-2020 | 23-03-2020 | 21-10-2020 | 7 months | −3.8% |
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 Floating Interest Rates 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 Floating Interest Rates 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 Floating Interest Rates Fund (Direct)
Franklin India Retirement Fund (Direct)
Franklin India Floating Interest Rates vs Franklin India Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Floating Interest Rates Fund, September 2026; Franklin India Retirement Fund, September 2026
Holdings in common
- Overlap
- 14.4%
- Held by both
- 3
- Only in Franklin India Floating Interest Rates
- 11
- Only in Franklin India Retirement
- 60
| Security | % of Franklin India Floating Interest Rates | % of Franklin India Retirement |
|---|---|---|
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 7.81% | 6.26% |
| 0.00% Jubilant Beverages Ltd (31-May-2028) | 8.92% | 4.17% |
| 7.70% Poonawalla Fincorp Ltd (21-Apr-2028) | 4.00% | 5.35% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 14.4% means 14.4% 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 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% |
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 Floating Interest Rates | Franklin India Retirement |
|---|---|---|
| Equity | 0.0% | 35.1% |
| Debt | 94.7% | 56.9% |
| Cash and others | 5.3% | 8.0% |
Market cap of stocks
| Market cap | Franklin India Floating Interest Rates | Franklin India Retirement |
|---|---|---|
| Large Cap | -- | 20.9% |
| Mid Cap | -- | 6.2% |
| Small Cap | -- | 7.5% |
| Not on AMFI's list | -- | 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 Floating Interest Rates | Franklin India Retirement |
|---|---|---|
| Banks | 0.0% | 7.1% |
| Automobiles | 0.0% | 2.3% |
| Pharmaceuticals & Biotechnology | 0.0% | 1.9% |
| Consumer Durables | 0.0% | 1.9% |
| Retailing | 0.0% | 1.8% |
| Industrial Products | 0.0% | 1.6% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Floating Interest Rates vs Franklin India Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Floating Interest Rates Fund | Franklin India Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.38% | 1.52% |
| Base expense ratio (Direct) | 0.32% | 1.21% |
| Total expense ratio (Regular) | 0.95% | 2.25% |
| Base expense ratio (Regular) | 0.82% | 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 Floating Interest Rates with
Franklin India Floating Interest Rates Fund vs Franklin India Retirement Fund: Frequently Asked Questions
What is the difference between Franklin India Floating Interest Rates Fund and Franklin India Retirement Fund?
Franklin India Floating Interest Rates Fund is a Floater fund, Franklin India Retirement Fund is a Solution fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 14.4%. Franklin India Floating Interest Rates Fund charges 0.38% a year and Franklin India Retirement Fund 1.52%.
Which has given higher returns, Franklin India Floating Interest Rates Fund or Franklin India Retirement Fund?
Over 1 year: Franklin India Floating Interest Rates Fund +5.89%, Franklin India Retirement Fund −3.40%. Over 3 years: Franklin India Floating Interest Rates Fund +7.92% a year, Franklin India Retirement Fund +7.27% a year. Over 5 years: Franklin India Floating Interest Rates Fund +7.15% 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 Floating Interest Rates Fund or Franklin India Retirement Fund?
Franklin India Floating Interest Rates Fund charges less: 0.38% a year against 1.52%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Floating Interest Rates Fund and Franklin India Retirement Fund overlap?
14.4%. They hold 3 of the same securities, the largest shared ones being 0.00% Jubilant Bevco Ltd (31-May-2028), 0.00% Jubilant Beverages 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 Floating Interest Rates 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 ₹7,39,965 in Franklin India Floating Interest Rates Fund (XIRR 7.5% 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 Floating Interest Rates Fund and Franklin India Retirement Fund?
Yes. 14.4% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Floating Interest Rates Fund and Franklin India Retirement Fund?
Franklin India Floating Interest Rates Fund: 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.