Franklin India Multi-Factor Fund vs Groww NIFTY 200 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Franklin India Multi-Factor Fund is a Thematic fund and Groww NIFTY 200 ETF is an ETF fund. Franklin India Multi-Factor Fund charges 1.14% a year and Groww NIFTY 200 ETF 0.43%. Their portfolios overlap 59.3%: they hold 76 of the same securities.
Franklin India Multi-Factor Fund
Thematic
- Expense ratio
- 1.14%
- NAV
- ₹9.02
Which is better, Franklin India Multi-Factor or Groww NIFTY 200 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 1.14%.
- Franklin India Multi-Factor fell less in its worst fall since 28-11-2025: −13.8% against −14.8%.
- Franklin India Multi-Factor is the larger fund: ₹581 Cr against ₹16 Cr.
- Their portfolios overlap 59.3%: 76 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 Multi-Factor Fund | Groww NIFTY 200 ETF |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Groww Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹581 Cr (30-09-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹9.02 (Direct) | ₹10.72 |
| Expense ratio (Direct) | 1.14% | Not available |
| Expense ratio (Regular) | 2.80% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 200 TRI |
| Launch date | Not available | 25-02-2025 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Nikhil Satam, Aakash Chauhan, Shashi Kumar |
| Exit load | Not available | Nil |
Franklin India Multi-Factor vs Groww NIFTY 200 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 Multi-Factor Fund (Direct) | −0.19% | −6.70% | −5.31% | -- | -- | -- | -- |
| Groww NIFTY 200 ETF | +0.13% | −6.00% | −3.35% | −8.21% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Franklin India Multi-Factor vs Groww NIFTY 200 ETF: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | Groww NIFTY 200 ETFGroww NIFTY 200 ETF |
|---|---|---|
| 2026to date | −10.63% | −8.79% |
Franklin India Multi-Factor vs Groww NIFTY 200 ETF: Rolling Returns
Every holding period of both funds, against BSE 200 TRI, the benchmark of Franklin India Multi-Factor Fund
Franklin India Multi-Factor vs Groww NIFTY 200 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Multi-Factor Fund (Direct) | Groww NIFTY 200 ETF |
|---|---|---|
| Return (CAGR) | −10.62% | +4.51% |
| Standard deviation | 14.25% | 13.84% |
| Sharpe ratio | -1.11 | -0.07 |
| Sortino ratio | -1.45 | -0.09 |
| Maximum drawdown | −13.8% (31-03-2026) | −14.8% (31-03-2026) |
| Beta | 0.97 | 1.00 |
| Alpha | −1.09% | −0.43% |
From daily NAVs, 28-11-2025 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.
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 Multi-Factor Fund (Direct)
Groww NIFTY 200 ETF
BSE 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Multi-Factor Fund (Direct) | −13.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −11.3% |
| Groww NIFTY 200 ETF | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| BSE 200 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.9% |
From daily values since 28-11-2025, the first day every fund has.
Franklin India Multi-Factor vs Groww NIFTY 200 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; Groww NIFTY 200 ETF, September 2026
Holdings in common
- Overlap
- 59.3%
- Held by both
- 76
- Only in Franklin India Multi-Factor
- 14
- Only in Groww NIFTY 200 ETF
- 124
| Security | % of Franklin India Multi-Factor | % of Groww NIFTY 200 ETF |
|---|---|---|
| HDFC Bank Ltd | 5.90% | 6.72% |
| ICICI Bank Ltd | 5.08% | 5.86% |
| Reliance Industries Ltd | 4.24% | 4.91% |
| Bharti Airtel Ltd | 3.83% | 3.31% |
| Larsen & Toubro Ltd | 2.67% | 2.72% |
| State Bank of India | 2.71% | 2.45% |
| Infosys Ltd | 2.32% | 2.17% |
| Bajaj Finance Ltd | 1.58% | 1.62% |
| ITC Ltd | 2.30% | 1.57% |
| Axis Bank Ltd | 1.46% | 2.18% |
| Tata Consultancy Services Ltd | 1.21% | 1.29% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 1.19% |
| Titan Co Ltd | 1.92% | 1.17% |
| Mahindra & Mahindra Ltd | 1.01% | 1.63% |
| NTPC Ltd | 1.24% | 0.95% |
| Kotak Mahindra Bank Ltd | 0.90% | 1.90% |
| Bharat Electronics Ltd | 1.00% | 0.86% |
| HCL Technologies Ltd | 1.20% | 0.80% |
| Hindalco Industries Ltd | 0.79% | 0.84% |
| Shriram Finance Ltd | 0.78% | 0.85% |
| Bajaj Auto Ltd | 1.37% | 0.73% |
| Divi's Laboratories Ltd | 1.33% | 0.73% |
| Eternal Ltd | 0.69% | 1.43% |
| Coal India Ltd | 1.42% | 0.63% |
| Nestle India Ltd | 1.34% | 0.58% |
| Hindustan Aeronautics Ltd | 0.65% | 0.55% |
| Tata Motors Ltd | 1.13% | 0.55% |
| Trent Ltd | 1.03% | 0.54% |
| Adani Power Ltd | 1.02% | 0.53% |
| Ultratech Cement Ltd | 0.52% | 0.80% |
| Apollo Hospitals Enterprise Ltd | 1.23% | 0.51% |
| Tech Mahindra Ltd | 0.51% | 0.60% |
| Tata Steel Ltd | 0.51% | 0.95% |
| Hindustan Unilever Ltd | 0.48% | 1.03% |
| Laurus Labs Ltd | 0.79% | 0.48% |
| Samvardhana Motherson International Ltd | 1.28% | 0.45% |
| Vedanta Aluminium Metal Ltd | 0.74% | 0.43% |
| Hero MotoCorp Ltd | 1.33% | 0.42% |
| One 97 Communications Ltd | 0.40% | 0.45% |
| Cummins India Ltd | 0.99% | 0.40% |
| Indian Hotels Co Ltd | 0.83% | 0.40% |
| Bharat Petroleum Corporation Ltd | 0.79% | 0.38% |
| Dixon Technologies (India) Ltd | 0.78% | 0.33% |
| Lenskart Solutions Ltd | 0.87% | 0.31% |
| Life Insurance Corporation Of India | 1.11% | 0.31% |
| Lupin Ltd | 1.19% | 0.31% |
| Indus Towers Ltd | 0.76% | 0.30% |
| Power Finance Corporation Ltd | 0.87% | 0.29% |
| Solar Industries India Ltd | 1.20% | 0.29% |
| HDFC Asset Management Co Ltd | 0.71% | 0.29% |
| Aurobindo Pharma Ltd | 1.08% | 0.29% |
| Pidilite Industries Ltd | 0.63% | 0.28% |
| Maruti Suzuki India Ltd | 0.27% | 0.96% |
| FSN E-Commerce Ventures Ltd | 1.10% | 0.27% |
| Adani Energy Solutions Ltd | 0.97% | 0.26% |
| Bank of Baroda | 0.76% | 0.26% |
| Polycab India Ltd | 0.51% | 0.26% |
| Marico Ltd | 0.82% | 0.26% |
| Ge Vernova T&D India Ltd | 0.25% | 0.32% |
| Canara Bank | 1.09% | 0.25% |
| United Spirits Ltd | 0.44% | 0.25% |
| Hitachi Energy India Ltd | 0.49% | 0.23% |
| REC Ltd | 1.00% | 0.23% |
| Radico Khaitan Ltd | 0.78% | 0.21% |
| Union Bank Of India | 0.62% | 0.20% |
| Aditya Birla Capital Ltd | 0.78% | 0.20% |
| Hindustan Zinc Ltd | 0.50% | 0.17% |
| NMDC Ltd | 0.36% | 0.16% |
| Steel Authority of India Ltd | 1.07% | 0.16% |
| Oracle Financial Services Software Ltd | 0.66% | 0.16% |
| Colgate Palmolive (India) Ltd | 0.60% | 0.14% |
| L&T Finance Ltd | 0.54% | 0.14% |
| Oberoi Realty Ltd | 0.49% | 0.13% |
| Tata Communications Ltd | 0.47% | 0.12% |
| Bank Of Maharashtra | 0.90% | 0.10% |
| LIC Housing Finance Ltd | 0.74% | 0.10% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 59.3% means 59.3% 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 Multi-Factor Fund
| Security | % of fund |
|---|---|
| Welspun Corp Ltd | 0.85% |
| Great Eastern Shipping Co Ltd | 0.82% |
| Kalpataru Projects International Ltd | 0.77% |
| Star Health And Allied Insurance Co Ltd | 0.69% |
| General Insurance Corporation Of India | 0.66% |
Largest holdings only in Groww NIFTY 200 ETF
| Security | % of fund |
|---|---|
| Adani Port & Special Economic Zone Ltd | 0.87% |
| BSE Ltd | 0.78% |
| JSW Steel Limited | 0.75% |
| Power Grid Corporation of India Limited | 0.73% |
| Grasim Industries Limited | 0.71% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | Groww NIFTY 200 ETF |
|---|---|---|
| Equity | 97.6% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 0.1% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | Groww NIFTY 200 ETF |
|---|---|---|
| Large Cap | 71.7% | 79.6% |
| Mid Cap | 18.2% | 19.9% |
| Small Cap | 7.4% | 0.3% |
| Not on AMFI's list | 0.4% | 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 Multi-Factor | Groww NIFTY 200 ETF |
|---|---|---|
| Banks | 19.4% | 22.2% |
| Finance | 7.5% | 5.9% |
| IT - Software | 5.9% | 6.4% |
| Pharmaceuticals & Biotechnology | 6.4% | 5.1% |
| Petroleum Products | 5.0% | 5.8% |
| Automobiles | 4.0% | 5.5% |
| Telecom - Services | 5.1% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs Groww NIFTY 200 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | Groww NIFTY 200 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | Not available |
| Base expense ratio (Direct) | 0.62% | 0.35% |
| Total expense ratio (Regular) | 2.80% | Not available |
| Base expense ratio (Regular) | 2.07% | 0.00% |
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 Multi-Factor with
Franklin India Multi-Factor Fund vs Groww NIFTY 200 ETF: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and Groww NIFTY 200 ETF?
Franklin India Multi-Factor Fund is a Thematic fund, Groww NIFTY 200 ETF is an ETF fund, run by Franklin Templeton Mutual Fund and Groww Mutual Fund. Their portfolios overlap 59.3%. Franklin India Multi-Factor Fund charges 1.14% a year and Groww NIFTY 200 ETF 0.43%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or Groww NIFTY 200 ETF?
Groww NIFTY 200 ETF charges less: 0.43% a year against 1.14%. These are the total expense ratios reported to AMFI.
How much do Franklin India Multi-Factor Fund and Groww NIFTY 200 ETF overlap?
59.3%. They hold 76 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Multi-Factor Fund and Groww NIFTY 200 ETF?
Yes. 59.3% of each fund's money sits in the same holdings, so a large part 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.