Franklin India Multi-Factor Fund vs LIC MF Nifty 100 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 LIC MF Nifty 100 ETF is an ETF fund. Franklin India Multi-Factor Fund charges 1.14% a year and LIC MF Nifty 100 ETF 0.30%. Their portfolios overlap 58.0%: they hold 50 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 LIC MF Nifty 100 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- LIC MF Nifty 100 ETF costs less: 0.30% a year against 1.14%.
- Franklin India Multi-Factor fell less in its worst fall since 28-11-2025: −13.8% against −14.9%.
- LIC MF Nifty 100 ETF holds more in large companies: 97.6% of the fund in large caps against 71.7%.
- LIC MF Nifty 100 ETF is the larger fund: ₹698 Cr against ₹581 Cr.
- Their portfolios overlap 58.0%: 50 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 | LIC MF Nifty 100 ETF |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | LIC Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹581 Cr (30-09-2026) | ₹698 Cr (30-09-2026) |
| NAV | ₹9.02 (Direct) | ₹263.09 |
| Expense ratio (Direct) | 1.14% | Not available |
| Expense ratio (Regular) | 2.80% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 100 TRI |
| Launch date | Not available | 17-03-2016 |
| Minimum investment | Not available | For Subscription of units directly with Mutual Fund: All direct transactions in units of the Scheme by MMs/APs or other eligible investors with the AMC/the Fund shall be at intra-day NAV based on the actual execution price of the underlying portfolio. Any |
| Lock in | Not available | None |
| Fund managers | Not available | Nikhil Kapoor, Sasikant Aravamuthan |
| Exit load | Not available | Nil |
Franklin India Multi-Factor vs LIC MF Nifty 100 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% | -- | -- | -- | -- |
| LIC MF Nifty 100 ETF | +1.02% | −5.36% | −3.05% | −8.92% | +8.77% | +6.92% | +11.38% |
| 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 LIC MF Nifty 100 ETF: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | LIC MF Nifty 100 ETFLIC MF Nifty 100 ETF |
|---|---|---|
| 2026to date | −10.63% | −9.51% |
| 2025 | -- | +9.95% |
| 2024 | -- | +12.58% |
| 2023 | -- | +20.76% |
| 2022 | -- | +4.76% |
| 2021 | -- | +25.98% |
Franklin India Multi-Factor vs LIC MF Nifty 100 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 LIC MF Nifty 100 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) | LIC MF Nifty 100 ETF |
|---|---|---|
| Return (CAGR) | −10.62% | +12.32% |
| Standard deviation | 14.25% | 15.80% |
| Sharpe ratio | -1.11 | 0.43 |
| Sortino ratio | -1.45 | 0.59 |
| Maximum drawdown | −13.8% (31-03-2026) | −38.0% (23-03-2020) |
| Beta | 0.97 | 1.00 |
| Alpha | −1.09% | −0.32% |
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)
LIC MF Nifty 100 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% |
| LIC MF Nifty 100 ETF | −14.9% | 02-01-2026 | 31-03-2026 | Not yet | -- | −10.3% |
| 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 LIC MF Nifty 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; LIC MF Nifty 100 ETF, September 2026
Holdings in common
- Overlap
- 58.0%
- Held by both
- 50
- Only in Franklin India Multi-Factor
- 40
- Only in LIC MF Nifty 100 ETF
- 50
| Security | % of Franklin India Multi-Factor | % of LIC MF Nifty 100 ETF |
|---|---|---|
| HDFC Bank Ltd | 5.90% | 8.34% |
| ICICI Bank Ltd | 5.08% | 7.28% |
| Reliance Industries Ltd | 4.24% | 6.09% |
| Bharti Airtel Ltd | 3.83% | 4.10% |
| State Bank of India | 2.71% | 3.05% |
| Larsen & Toubro Ltd | 2.67% | 3.38% |
| Infosys Ltd | 2.32% | 2.70% |
| ITC Ltd | 2.30% | 1.94% |
| Bajaj Finance Ltd | 1.58% | 2.02% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 1.48% |
| Axis Bank Ltd | 1.46% | 2.71% |
| Titan Co Ltd | 1.92% | 1.46% |
| Tata Consultancy Services Ltd | 1.21% | 1.60% |
| NTPC Ltd | 1.24% | 1.17% |
| Mahindra & Mahindra Ltd | 1.01% | 2.02% |
| HCL Technologies Ltd | 1.20% | 1.01% |
| Bharat Electronics Ltd | 1.00% | 1.06% |
| Divi's Laboratories Ltd | 1.33% | 0.92% |
| Bajaj Auto Ltd | 1.37% | 0.91% |
| Kotak Mahindra Bank Ltd | 0.90% | 2.36% |
| Coal India Ltd | 1.42% | 0.79% |
| Hindalco Industries Ltd | 0.79% | 1.04% |
| Shriram Finance Ltd | 0.78% | 1.07% |
| Vedanta Aluminium Metal Ltd | 0.74% | 1.10% |
| Nestle India Ltd | 1.34% | 0.73% |
| Tata Motors Ltd | 1.13% | 0.69% |
| Eternal Ltd | 0.69% | 1.78% |
| Trent Ltd | 1.03% | 0.68% |
| Adani Power Ltd | 1.02% | 0.67% |
| Apollo Hospitals Enterprise Ltd | 1.23% | 0.66% |
| Hindustan Aeronautics Ltd | 0.65% | 0.69% |
| Samvardhana Motherson International Ltd | 1.28% | 0.56% |
| Ultratech Cement Ltd | 0.52% | 1.01% |
| Tech Mahindra Ltd | 0.51% | 0.75% |
| Tata Steel Ltd | 0.51% | 1.18% |
| Cummins India Ltd | 0.99% | 0.51% |
| Bharat Petroleum Corporation Ltd | 0.79% | 0.48% |
| Hindustan Unilever Ltd | 0.48% | 1.28% |
| Solar Industries India Ltd | 1.20% | 0.37% |
| Power Finance Corporation Ltd | 0.87% | 0.37% |
| HDFC Asset Management Co Ltd | 0.71% | 0.37% |
| Pidilite Industries Ltd | 0.63% | 0.35% |
| Adani Energy Solutions Ltd | 0.97% | 0.34% |
| Bank of Baroda | 0.76% | 0.33% |
| Canara Bank | 1.09% | 0.31% |
| Hitachi Energy India Ltd | 0.49% | 0.30% |
| Maruti Suzuki India Ltd | 0.27% | 1.20% |
| Union Bank Of India | 0.62% | 0.26% |
| Hindustan Zinc Ltd | 0.50% | 0.21% |
| Polycab India Ltd | 0.51% | 0.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 58.0% means 58.0% 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 |
|---|---|
| Hero MotoCorp Ltd | 1.33% |
| Lupin Ltd | 1.19% |
| Life Insurance Corporation Of India | 1.11% |
| FSN E-Commerce Ventures Ltd | 1.10% |
| Aurobindo Pharma Ltd | 1.08% |
Largest holdings only in LIC MF Nifty 100 ETF
| Security | % of fund |
|---|---|
| Adani Ports & Special Economic Zone Ltd. | 1.05% |
| JSW Steel Ltd. | 0.92% |
| Power Grid Corporation of India Ltd. | 0.92% |
| Grasim Industries Ltd. | 0.90% |
| InterGlobe Aviation Ltd. | 0.89% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | LIC MF Nifty 100 ETF |
|---|---|---|
| Equity | 97.6% | 99.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 0.3% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | LIC MF Nifty 100 ETF |
|---|---|---|
| Large Cap | 71.7% | 97.6% |
| Mid Cap | 18.2% | 2.0% |
| Small Cap | 7.4% | 0.0% |
| 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 | LIC MF Nifty 100 ETF |
|---|---|---|
| Banks | 19.4% | 24.9% |
| Finance | 7.5% | 6.2% |
| Petroleum Products | 5.0% | 7.0% |
| IT - Software | 5.9% | 6.7% |
| Pharmaceuticals & Biotechnology | 6.4% | 4.4% |
| Automobiles | 4.0% | 6.3% |
| Telecom - Services | 5.1% | 4.3% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs LIC MF Nifty 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | LIC MF Nifty 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | Not available |
| Base expense ratio (Direct) | 0.62% | 0.00% |
| Total expense ratio (Regular) | 2.80% | Not available |
| Base expense ratio (Regular) | 2.07% | 0.24% |
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 LIC MF Nifty 100 ETF: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and LIC MF Nifty 100 ETF?
Franklin India Multi-Factor Fund is a Thematic fund, LIC MF Nifty 100 ETF is an ETF fund, run by Franklin Templeton Mutual Fund and LIC Mutual Fund. Their portfolios overlap 58.0%. Franklin India Multi-Factor Fund charges 1.14% a year and LIC MF Nifty 100 ETF 0.30%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or LIC MF Nifty 100 ETF?
LIC MF Nifty 100 ETF charges less: 0.30% a year against 1.14%. These are the total expense ratios reported to AMFI.
How much do Franklin India Multi-Factor Fund and LIC MF Nifty 100 ETF overlap?
58.0%. They hold 50 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 LIC MF Nifty 100 ETF?
Yes. 58.0% 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.