Franklin India Multi-Factor Fund vs Kotak Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Multi-Factor Fund is a Thematic fund and Kotak Equity Savings Fund is an Equity Savings fund. Franklin India Multi-Factor Fund charges 1.14% a year and Kotak Equity Savings Fund 1.09% (Direct plans). Their portfolios overlap 33.4%: they hold 42 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 Kotak Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Equity Savings costs less: 1.09% a year against 1.14% (Direct plans).
- Kotak Equity Savings fell less in its worst fall since 28-11-2025: −5.2% against −13.8%.
- Franklin India Multi-Factor holds more in large companies: 71.7% of the fund in large caps against 42.8%.
- Kotak Equity Savings is the larger fund: ₹10,443 Cr against ₹581 Cr.
- Their portfolios overlap 33.4%: 42 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 | Kotak Equity Savings Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | Equity Savings |
| AUM | ₹581 Cr (30-09-2026) | ₹10,443 Cr (30-09-2026) |
| NAV | ₹9.02 (Direct) | ₹29.94 (Direct) |
| Expense ratio (Direct) | 1.14% | 1.09% |
| Expense ratio (Regular) | 2.80% | 2.13% |
| Riskometer | Not available | Moderately High |
| Benchmark | Not available | NIFTY Equity Savings Index (TRI) |
| Launch date | Not available | 13-10-2014 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Devender Singhal, Abhishek Bisen, Hiten Shah |
| Exit load | Not available | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 90 days. |
Franklin India Multi-Factor vs Kotak Equity Savings: 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% | -- | -- | -- | -- |
| Kotak Equity Savings Fund (Direct) | −1.35% | −2.08% | −0.15% | +0.58% | +9.45% | +9.14% | +9.65% |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 235 Thematic funds and the 23 Equity Savings funds, same plan type.
Franklin India Multi-Factor vs Kotak Equity Savings: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | Kotak Equity SavingsKotak Equity Savings |
|---|---|---|
| 2026to date | −10.63% | −0.57% |
| 2025 | -- | +9.12% |
| 2024 | -- | +12.97% |
| 2023 | -- | +16.89% |
| 2022 | -- | +7.90% |
| 2021 | -- | +12.17% |
Franklin India Multi-Factor vs Kotak Equity Savings: 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 Kotak Equity Savings: 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) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.62% | +9.53% |
| Standard deviation | 14.25% | 5.60% |
| Sharpe ratio | -1.11 | 0.68 |
| Sortino ratio | -1.45 | 0.92 |
| Maximum drawdown | −13.8% (31-03-2026) | −16.5% (23-03-2020) |
| Beta | 0.97 | -- |
| Alpha | −1.09% | -- |
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)
Kotak Equity Savings 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% |
| Kotak Equity Savings Fund (Direct) | −5.2% | 06-01-2026 | 30-03-2026 | 01-07-2026 | 3 months | −3.0% |
| 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 Kotak Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; Kotak Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 33.4%
- Held by both
- 42
- Only in Franklin India Multi-Factor
- 48
- Only in Kotak Equity Savings
- 118
| Security | % of Franklin India Multi-Factor | % of Kotak Equity Savings |
|---|---|---|
| HDFC Bank Ltd | 5.90% | 4.38% |
| Bharti Airtel Ltd | 3.83% | 4.93% |
| State Bank of India | 2.71% | 2.77% |
| ICICI Bank Ltd | 5.08% | 2.19% |
| Reliance Industries Ltd | 4.24% | 2.02% |
| ITC Ltd | 2.30% | 1.87% |
| Hero MotoCorp Ltd | 1.33% | 2.23% |
| Axis Bank Ltd | 1.46% | 1.26% |
| NTPC Ltd | 1.24% | 2.24% |
| Larsen & Toubro Ltd | 2.67% | 1.12% |
| Radico Khaitan Ltd | 0.78% | 2.37% |
| Bank of Baroda | 0.76% | 1.21% |
| Indus Towers Ltd | 0.76% | 3.38% |
| Power Finance Corporation Ltd | 0.87% | 0.75% |
| LIC Housing Finance Ltd | 0.74% | 0.96% |
| Steel Authority of India Ltd | 1.07% | 0.71% |
| Eternal Ltd | 0.69% | 1.13% |
| Oracle Financial Services Software Ltd | 0.66% | 0.81% |
| Hindustan Aeronautics Ltd | 0.65% | 0.91% |
| Bajaj Finance Ltd | 1.58% | 0.63% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 0.53% |
| Mahindra & Mahindra Ltd | 1.01% | 0.52% |
| Hindustan Zinc Ltd | 0.50% | 0.82% |
| Hindustan Unilever Ltd | 0.48% | 1.25% |
| One 97 Communications Ltd | 0.40% | 3.60% |
| Maruti Suzuki India Ltd | 0.27% | 2.94% |
| NMDC Ltd | 0.36% | 0.26% |
| Hindalco Industries Ltd | 0.79% | 0.22% |
| Apollo Hospitals Enterprise Ltd | 1.23% | 0.20% |
| Aurobindo Pharma Ltd | 1.08% | 0.17% |
| Bharat Electronics Ltd | 1.00% | 0.16% |
| Ultratech Cement Ltd | 0.52% | 0.15% |
| United Spirits Ltd | 0.44% | 0.15% |
| Bajaj Auto Ltd | 1.37% | 0.05% |
| Indian Hotels Co Ltd | 0.83% | 0.05% |
| Tata Consultancy Services Ltd | 1.21% | 0.04% |
| Aditya Birla Capital Ltd | 0.78% | 0.04% |
| Union Bank Of India | 0.62% | 0.03% |
| Shriram Finance Ltd | 0.78% | 0.02% |
| Nestle India Ltd | 1.34% | 0.01% |
| Trent Ltd | 1.03% | 0.01% |
| Pidilite Industries Ltd | 0.63% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 33.4% means 33.4% 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 Multi-Factor Fund
| Security | % of fund |
|---|---|
| Infosys Ltd | 2.32% |
| Titan Co Ltd | 1.92% |
| Coal India Ltd | 1.42% |
| Divi's Laboratories Ltd | 1.33% |
| Samvardhana Motherson International Ltd | 1.28% |
Largest holdings only in Kotak Equity Savings Fund
| Security | % of fund |
|---|---|
| Kotak Liquid Direct Growth | 7.59% |
| Adani Ports and Special Economic Zone Limited | 2.47% |
| CUBE HIGHWAYS TRUST | 1.79% |
| INDUSIND BANK LTD. | 1.42% |
| POONAWALLA FINCORP LIMITED | 1.39% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | Kotak Equity Savings |
|---|---|---|
| Equity | 97.6% | 64.3% |
| Debt | 0.0% | 16.4% |
| Cash and others | 2.4% | 19.3% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | Kotak Equity Savings |
|---|---|---|
| Large Cap | 71.7% | 42.8% |
| Mid Cap | 18.2% | 17.0% |
| Small Cap | 7.4% | 3.9% |
| Not on AMFI's list | 0.4% | 0.7% |
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 | Kotak Equity Savings |
|---|---|---|
| Banks | 19.4% | 13.3% |
| Telecom - Services | 5.1% | 8.9% |
| Finance | 7.5% | 4.0% |
| Pharmaceuticals & Biotechnology | 6.4% | 0.0% |
| IT - Software | 5.9% | 1.4% |
| Automobiles | 4.0% | 5.8% |
| Petroleum Products | 5.0% | 2.0% |
| Financial Technology (Fintech) | 0.4% | 3.6% |
| Power | 3.2% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs Kotak Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | Kotak Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 1.09% |
| Base expense ratio (Direct) | 0.62% | 0.57% |
| Total expense ratio (Regular) | 2.80% | 2.13% |
| Base expense ratio (Regular) | 2.07% | 1.45% |
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 Kotak Equity Savings Fund: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and Kotak Equity Savings Fund?
Franklin India Multi-Factor Fund is a Thematic fund, Kotak Equity Savings Fund is an Equity Savings fund, run by Franklin Templeton Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 33.4%. Franklin India Multi-Factor Fund charges 1.14% a year and Kotak Equity Savings Fund 1.09%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or Kotak Equity Savings Fund?
Kotak Equity Savings Fund charges less: 1.09% 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 Kotak Equity Savings Fund overlap?
33.4%. They hold 42 of the same securities, the largest shared ones being HDFCBANK, BHARTIARTL, SBIN. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Multi-Factor Fund and Kotak Equity Savings Fund?
Yes. 33.4% 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.