Franklin India Medium to Long Term Fund vs Franklin India Retirement Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Medium to Long Term Fund is a Medium to Long Duration fund and Franklin India Retirement Fund is a Solution fund. In the year to 30-10-2026, Franklin India Medium to Long Term Fund (Direct) returned 3.1% and Franklin India Retirement Fund (Direct) returned −3.4%. Franklin India Medium to Long Term Fund charges 0.34% a year and Franklin India Retirement Fund 1.52% (Direct plans). Their portfolios overlap 12.6%: they hold 3 of the same securities.
Franklin India Medium to Long Term Fund
Medium to Long Duration
- 1 year return
- 3.1%
- Expense ratio
- 0.34%
- NAV
- ₹11.20
Franklin India Retirement Fund
Solution
- 1 year return
- −3.4%
- Expense ratio
- 1.52%
- NAV
- ₹235.73
Which is better, Franklin India Medium to Long Term 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 Medium to Long Term returned more over 1 year: 3.1% against −3.4%.
- Franklin India Medium to Long Term costs less: 0.34% a year against 1.52% (Direct plans).
- Franklin India Medium to Long Term fell less in its worst fall since 24-09-2024: −1.8% against −5.9%.
- Franklin India Retirement is the larger fund: ₹479 Cr against ₹41 Cr.
- Their portfolios overlap 12.6%: 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 Medium to Long Term Fund | Franklin India Retirement Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Medium to Long Duration | Solution |
| AUM | ₹41 Cr (30-09-2026) | ₹479 Cr (30-09-2026) |
| NAV | ₹11.20 (Direct) | ₹235.73 (Direct) |
| Expense ratio (Direct) | 0.34% | 1.52% |
| Expense ratio (Regular) | 0.85% | 2.25% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | CRISIL Short Term Debt Hybrid 60+40 Index |
| Launch date | Not available | 31-03-1997 |
| Minimum investment | Not available | 500/1 |
| Lock in | Not available | 5 years, or until retirement if earlier |
| Fund managers | Not available | Anuj Tagra, Chandni Gupta, Rajasa Kakulavarapu, Ajay Argal |
| Exit load | Not available | 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 Medium to Long Term 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 Medium to Long Term Fund (Direct) | −0.54% | −0.94% | +2.06% | +3.15% | -- | -- | -- |
| Franklin India Retirement Fund (Direct) | −0.79% | −2.49% | −0.61% | −3.40% | +7.27% | +6.59% | +7.54% |
| Medium to Long Duration average | −0.59% | −0.88% | +1.83% | +2.86% | -- | -- | -- |
Category average: the average of the 13 Medium to Long Duration funds, same plan type.
Franklin India Medium to Long Term vs Franklin India Retirement: Year-wise Returns
| Year | Medium to Long TermFranklin India Medium to Long Term | RetirementFranklin India Retirement |
|---|---|---|
| 2026to date | +2.63% | −3.21% |
| 2025 | +7.39% | +5.10% |
| 2024 | -- | +13.46% |
| 2023 | -- | +14.93% |
| 2022 | -- | +4.34% |
| 2021 | -- | +10.57% |
Franklin India Medium to Long Term vs Franklin India Retirement: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 265 of them, one for each trading day from 24-09-2025 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 Medium to Long Term Fund (Direct)
Franklin India Retirement Fund (Direct)
to
Oct 2025Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026May 2025
to
May 2026Jul 2025
to
Jul 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Medium to Long Term | 0.0 | 39.2 | 60.8 | 0.0 | 0.0 | 0.0 | 0.0 | 5.7% | 5.9% | 2.2% | 8.4% |
| Franklin India Retirement | 21.9 | 47.2 | 30.9 | 0.0 | 0.0 | 0.0 | 0.0 | 2.7% | 2.2% | −4.0% | 8.2% |
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 24-09-2024. Past returns do not promise future returns.
Franklin India Medium to Long Term 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 24-09-2024 to 30-10-2026: 26 instalments, ₹2,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India Medium to Long TermFranklin India Medium to Long Term Fund (Direct) | ₹2,60,000 | ₹2,72,419 | ₹12,419 | 4.2% |
| Franklin India RetirementFranklin India Retirement Fund (Direct) | ₹2,60,000 | ₹2,59,425 | −₹575 | −0.2% |
Franklin India Medium to Long TermFranklin India Medium to Long Term 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 Medium to Long Term 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 Medium to Long Term Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +3.15% | −3.40% |
| Standard deviation | 2.00% | 5.41% |
| Sharpe ratio | -1.05 | -1.60 |
| Sortino ratio | -1.38 | -2.07 |
| Maximum drawdown | −1.8% (27-10-2026) | −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 Medium to Long Term Fund (Direct) | Franklin India Retirement Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.57% | +9.37% |
| Standard deviation | 1.84% | 6.13% |
| Sharpe ratio | -0.06 | 0.54 |
| Sortino ratio | -0.09 | 0.73 |
| Maximum drawdown | −1.8% (27-10-2026) | −13.8% (23-03-2020) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 24-09-2024 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 Medium to Long Term 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 Medium to Long Term Fund (Direct) | −1.8% | 17-08-2026 | 27-10-2026 | Not yet | -- | −1.6% |
| Franklin India Retirement Fund (Direct) | −5.9% | 26-11-2025 | 30-03-2026 | Not yet | -- | −3.8% |
From daily values since 24-09-2024, 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 Medium to Long Term Fund (Direct)
Franklin India Retirement Fund (Direct)
Franklin India Medium to Long Term vs Franklin India Retirement: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Medium to Long Term Fund, September 2026; Franklin India Retirement Fund, September 2026
Holdings in common
- Overlap
- 12.6%
- Held by both
- 3
- Only in Franklin India Medium to Long Term
- 10
- Only in Franklin India Retirement
- 60
| Security | % of Franklin India Medium to Long Term | % of Franklin India Retirement |
|---|---|---|
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 7.80% | 6.26% |
| 0.00% Jubilant Beverages Ltd (31-May-2028) | 7.19% | 4.17% |
| 7.66% Maharashtra SDL (04-Mar-2047) | 7.21% | 2.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 12.6% means 12.6% 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 Medium to Long Term Fund
| Security | % of fund |
|---|---|
| 7.86% Haryana SDL (29-Jun-2032) | 12.61% |
| 7.02% Punjab SDL (01-Jul-2030) | 12.26% |
| 7.15% Tamil Nadu SDL (22-Jan-2035) | 8.48% |
| 8.42% Andhra Pradesh SDL (08-Aug-2029) | 7.64% |
| 7.14% Jammu & Kashmir SDL (29-Dec-2036) | 6.79% |
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% |
| 7.70% Poonawalla Fincorp Ltd (21-Apr-2028) | 5.35% |
| 7.90% LIC Housing Finance LTD (23-Jun-2027) | 5.33% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Medium to Long Term | Franklin India Retirement |
|---|---|---|
| Equity | 0.0% | 35.1% |
| Debt | 88.2% | 56.9% |
| Cash and others | 11.8% | 8.0% |
Market cap of stocks
| Market cap | Franklin India Medium to Long Term | 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 Medium to Long Term | 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 Medium to Long Term vs Franklin India Retirement: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Medium to Long Term Fund | Franklin India Retirement Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.34% | 1.52% |
| Base expense ratio (Direct) | 0.29% | 1.21% |
| Total expense ratio (Regular) | 0.85% | 2.25% |
| Base expense ratio (Regular) | 0.73% | 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 Medium to Long Term with
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- Franklin India Medium to Long Term vs ICICI Prudential Medium to Long Term
- Franklin India Medium to Long Term vs HDFC Medium to Long Term
Franklin India Medium to Long Term Fund vs Franklin India Retirement Fund: Frequently Asked Questions
What is the difference between Franklin India Medium to Long Term Fund and Franklin India Retirement Fund?
Franklin India Medium to Long Term Fund is a Medium to Long Duration fund, Franklin India Retirement Fund is a Solution fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 12.6%. Franklin India Medium to Long Term Fund charges 0.34% a year and Franklin India Retirement Fund 1.52%.
Which has given higher returns, Franklin India Medium to Long Term Fund or Franklin India Retirement Fund?
Over 1 year: Franklin India Medium to Long Term Fund +3.15%, Franklin India Retirement Fund −3.40%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Medium to Long Term Fund or Franklin India Retirement Fund?
Franklin India Medium to Long Term Fund charges less: 0.34% a year against 1.52%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Medium to Long Term Fund and Franklin India Retirement Fund overlap?
12.6%. 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), 7.66% Maharashtra SDL (04-Mar-2047). From each fund's latest monthly portfolio.
Can I invest in both Franklin India Medium to Long Term Fund and Franklin India Retirement Fund?
Yes. 12.6% 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.