Franklin India Multi-Factor Fund vs JioBlackRock Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Multi-Factor Fund is a Thematic fund and JioBlackRock Flexi Cap Fund is a Flexi Cap fund. Franklin India Multi-Factor Fund charges 1.14% a year and JioBlackRock Flexi Cap Fund 1.11% (Direct plans). Their portfolios overlap 53.1%: they hold 53 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 JioBlackRock Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- JioBlackRock Flexi Cap costs less: 1.11% a year against 1.14% (Direct plans).
- Franklin India Multi-Factor fell less in its worst fall since 28-11-2025: −13.8% against −14.3%.
- Franklin India Multi-Factor holds more in large companies: 71.7% of the fund in large caps against 60.6%.
- JioBlackRock Flexi Cap is the larger fund: ₹3,175 Cr against ₹581 Cr.
- Their portfolios overlap 53.1%: 53 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 | JioBlackRock Flexi Cap Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Jio BlackRock Mutual Fund |
| Category | Thematic | Flexi Cap |
| AUM | ₹581 Cr (30-09-2026) | ₹3,175 Cr (30-09-2026) |
| NAV | ₹9.02 (Direct) | ₹9.34 (Direct) |
| Expense ratio (Direct) | 1.14% | 1.11% |
| Expense ratio (Regular) | 2.80% | 2.34% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 500 TRI |
| Launch date | Not available | 13-10-2025 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Sahil Chaudhary, Tanvi Kacheria |
| Exit load | Not available | Nil |
Franklin India Multi-Factor vs JioBlackRock Flexi Cap: 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% | -- | -- | -- | -- |
| JioBlackRock Flexi Cap Fund (Direct) | −2.70% | −6.41% | −3.63% | −8.49% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | -- | -- | -- |
Category average: the average of the 235 Thematic funds and the 46 Flexi Cap funds, same plan type.
Franklin India Multi-Factor vs JioBlackRock Flexi Cap: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | JioBlackRock Flexi CapJioBlackRock Flexi Cap |
|---|---|---|
| 2026to date | −10.63% | −9.11% |
Franklin India Multi-Factor vs JioBlackRock Flexi Cap: 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 JioBlackRock Flexi Cap: 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) | JioBlackRock Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.62% | −7.16% |
| Standard deviation | 14.25% | 14.27% |
| Sharpe ratio | -1.11 | -0.87 |
| Sortino ratio | -1.45 | -1.16 |
| Maximum drawdown | −13.8% (31-03-2026) | −14.3% (30-03-2026) |
| Beta | 0.97 | 0.99 |
| Alpha | −1.09% | −1.13% |
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)
JioBlackRock Flexi Cap Fund (Direct)
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% |
| JioBlackRock Flexi Cap Fund (Direct) | −14.3% | 11-02-2026 | 30-03-2026 | Not yet | -- | −9.8% |
| 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 JioBlackRock Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; JioBlackRock Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 53.1%
- Held by both
- 53
- Only in Franklin India Multi-Factor
- 37
- Only in JioBlackRock Flexi Cap
- 84
| Security | % of Franklin India Multi-Factor | % of JioBlackRock Flexi Cap |
|---|---|---|
| HDFC Bank Ltd | 5.90% | 5.90% |
| ICICI Bank Ltd | 5.08% | 5.69% |
| Bharti Airtel Ltd | 3.83% | 4.31% |
| Reliance Industries Ltd | 4.24% | 3.05% |
| State Bank of India | 2.71% | 3.53% |
| Infosys Ltd | 2.32% | 1.90% |
| Larsen & Toubro Ltd | 2.67% | 1.60% |
| Nestle India Ltd | 1.34% | 1.65% |
| Tata Consultancy Services Ltd | 1.21% | 1.45% |
| Lupin Ltd | 1.19% | 1.60% |
| Hero MotoCorp Ltd | 1.33% | 1.18% |
| Titan Co Ltd | 1.92% | 1.13% |
| Life Insurance Corporation Of India | 1.11% | 1.76% |
| Aurobindo Pharma Ltd | 1.08% | 1.24% |
| Steel Authority of India Ltd | 1.07% | 1.57% |
| Coal India Ltd | 1.42% | 1.05% |
| HCL Technologies Ltd | 1.20% | 1.02% |
| Bajaj Finance Ltd | 1.58% | 1.02% |
| Mahindra & Mahindra Ltd | 1.01% | 2.88% |
| Adani Energy Solutions Ltd | 0.97% | 1.12% |
| Power Finance Corporation Ltd | 0.87% | 1.05% |
| Tata Motors Ltd | 1.13% | 0.81% |
| Radico Khaitan Ltd | 0.78% | 1.55% |
| Kalpataru Projects International Ltd | 0.77% | 0.87% |
| Dixon Technologies (India) Ltd | 0.78% | 0.75% |
| HDFC Asset Management Co Ltd | 0.71% | 0.74% |
| Welspun Corp Ltd | 0.85% | 0.69% |
| Lenskart Solutions Ltd | 0.87% | 0.68% |
| Oracle Financial Services Software Ltd | 0.66% | 0.66% |
| Navin Fluorine International Ltd | 0.56% | 1.51% |
| Hindalco Industries Ltd | 0.79% | 0.55% |
| Axis Bank Ltd | 1.46% | 0.52% |
| Ultratech Cement Ltd | 0.52% | 1.33% |
| Tata Steel Ltd | 0.51% | 2.28% |
| Polycab India Ltd | 0.51% | 1.44% |
| Hitachi Energy India Ltd | 0.49% | 0.67% |
| Samvardhana Motherson International Ltd | 1.28% | 0.46% |
| Apollo Hospitals Enterprise Ltd | 1.23% | 0.44% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 0.35% |
| ITC Ltd | 2.30% | 0.34% |
| Honasa Consumer Ltd | 0.37% | 0.34% |
| Solar Industries India Ltd | 1.20% | 0.33% |
| Star Health And Allied Insurance Co Ltd | 0.69% | 0.29% |
| Marico Ltd | 0.82% | 0.27% |
| REC Ltd | 1.00% | 0.26% |
| Kajaria Ceramics Ltd | 0.53% | 0.26% |
| Ge Vernova T&D India Ltd | 0.25% | 0.57% |
| NTPC Ltd | 1.24% | 0.14% |
| Shriram Finance Ltd | 0.78% | 0.13% |
| L&T Finance Ltd | 0.54% | 0.12% |
| Indegene Ltd | 0.48% | 0.11% |
| Bharat Petroleum Corporation Ltd | 0.79% | 0.10% |
| Kotak Mahindra Bank Ltd | 0.90% | 0.07% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.1% means 53.1% 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 |
|---|---|
| Bajaj Auto Ltd | 1.37% |
| Divi's Laboratories Ltd | 1.33% |
| FSN E-Commerce Ventures Ltd | 1.10% |
| Canara Bank | 1.09% |
| Trent Ltd | 1.03% |
Largest holdings only in JioBlackRock Flexi Cap Fund
| Security | % of fund |
|---|---|
| Oil & Natural Gas Corporation Ltd | 1.92% |
| Indian Oil Corporation Ltd | 1.56% |
| Apollo Tyres Ltd | 1.47% |
| Nippon Life India Asset Management Ltd | 1.46% |
| Welspun Living Ltd | 1.24% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | JioBlackRock Flexi Cap |
|---|---|---|
| Equity | 97.6% | 99.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 1.0% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | JioBlackRock Flexi Cap |
|---|---|---|
| Large Cap | 71.7% | 60.6% |
| Mid Cap | 18.2% | 18.9% |
| Small Cap | 7.4% | 19.3% |
| Not on AMFI's list | 0.4% | 0.2% |
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 | JioBlackRock Flexi Cap |
|---|---|---|
| Banks | 19.4% | 19.8% |
| Finance | 7.5% | 4.7% |
| Pharmaceuticals & Biotechnology | 6.4% | 5.5% |
| IT - Software | 5.9% | 5.3% |
| Automobiles | 4.0% | 5.5% |
| Petroleum Products | 5.0% | 5.4% |
| Telecom - Services | 5.1% | 4.3% |
| Ferrous Metals | 1.6% | 4.7% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs JioBlackRock Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | JioBlackRock Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 1.11% |
| Base expense ratio (Direct) | 0.62% | 0.50% |
| Total expense ratio (Regular) | 2.80% | 2.34% |
| Base expense ratio (Regular) | 2.07% | 1.50% |
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 JioBlackRock Flexi Cap Fund: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and JioBlackRock Flexi Cap Fund?
Franklin India Multi-Factor Fund is a Thematic fund, JioBlackRock Flexi Cap Fund is a Flexi Cap fund, run by Franklin Templeton Mutual Fund and Jio BlackRock Mutual Fund. Their portfolios overlap 53.1%. Franklin India Multi-Factor Fund charges 1.14% a year and JioBlackRock Flexi Cap Fund 1.11%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or JioBlackRock Flexi Cap Fund?
JioBlackRock Flexi Cap Fund charges less: 1.11% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Multi-Factor Fund and JioBlackRock Flexi Cap Fund overlap?
53.1%. They hold 53 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Multi-Factor Fund and JioBlackRock Flexi Cap Fund?
Yes. 53.1% 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.