Franklin India Multi-Factor Fund vs Navi Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Multi-Factor Fund is a Thematic fund and Navi Flexi Cap Fund is a Flexi Cap fund. Franklin India Multi-Factor Fund charges 1.14% a year and Navi Flexi Cap Fund 0.70% (Direct plans). Their portfolios overlap 30.1%: they hold 27 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 Navi 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.
- Navi Flexi Cap costs less: 0.70% a year against 1.14% (Direct plans).
- Navi Flexi Cap fell less in its worst fall since 28-11-2025: −12.7% against −13.8%.
- Franklin India Multi-Factor holds more in large companies: 71.7% of the fund in large caps against 37.5%.
- Franklin India Multi-Factor is the larger fund: ₹581 Cr against ₹286 Cr.
- Their portfolios overlap 30.1%: 27 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 | Navi Flexi Cap Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Navi Mutual Fund |
| Category | Thematic | Flexi Cap |
| AUM | ₹581 Cr (30-09-2026) | ₹286 Cr (30-09-2026) |
| NAV | ₹9.02 (Direct) | ₹27.66 (Direct) |
| Expense ratio (Direct) | 1.14% | 0.70% |
| Expense ratio (Regular) | 2.80% | 2.57% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 500 TRI |
| Launch date | Not available | 09-07-2018 |
| Minimum investment | Not available | ₹100 |
| Lock in | Not available | None |
| Fund managers | Not available | Ashutosh Shirwaikar |
| Exit load | Not available | NIL |
Franklin India Multi-Factor vs Navi 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% | -- | -- | -- | -- |
| Navi Flexi Cap Fund (Direct) | −2.89% | −4.52% | +2.44% | +1.80% | +10.91% | +9.70% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | -- |
Category average: the average of the 235 Thematic funds and the 46 Flexi Cap funds, same plan type.
Franklin India Multi-Factor vs Navi Flexi Cap: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | Navi Flexi CapNavi Flexi Cap |
|---|---|---|
| 2026to date | −10.63% | +1.34% |
| 2025 | -- | +6.53% |
| 2024 | -- | +13.47% |
| 2023 | -- | +26.53% |
| 2022 | -- | +2.47% |
| 2021 | -- | +35.42% |
Franklin India Multi-Factor vs Navi 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 Navi 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) | Navi Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.62% | +13.00% |
| Standard deviation | 14.25% | 16.72% |
| Sharpe ratio | -1.11 | 0.46 |
| Sortino ratio | -1.45 | 0.62 |
| Maximum drawdown | −13.8% (31-03-2026) | −37.9% (23-03-2020) |
| Beta | 0.97 | 0.97 |
| Alpha | −1.09% | +1.27% |
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)
Navi 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% |
| Navi Flexi Cap Fund (Direct) | −12.7% | 05-01-2026 | 31-03-2026 | 07-05-2026 | 37 days | −7.0% |
| 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 Navi Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; Navi Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 30.1%
- Held by both
- 27
- Only in Franklin India Multi-Factor
- 63
- Only in Navi Flexi Cap
- 45
| Security | % of Franklin India Multi-Factor | % of Navi Flexi Cap |
|---|---|---|
| ICICI Bank Ltd | 5.08% | 3.60% |
| HDFC Bank Ltd | 5.90% | 3.26% |
| Bharti Airtel Ltd | 3.83% | 1.81% |
| Reliance Industries Ltd | 4.24% | 1.78% |
| Larsen & Toubro Ltd | 2.67% | 1.58% |
| Axis Bank Ltd | 1.46% | 3.62% |
| Samvardhana Motherson International Ltd | 1.28% | 2.91% |
| Apollo Hospitals Enterprise Ltd | 1.23% | 1.43% |
| Infosys Ltd | 2.32% | 1.23% |
| ITC Ltd | 2.30% | 1.22% |
| Tata Consultancy Services Ltd | 1.21% | 1.40% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 1.11% |
| Tata Motors Ltd | 1.13% | 0.93% |
| Kotak Mahindra Bank Ltd | 0.90% | 2.99% |
| Power Finance Corporation Ltd | 0.87% | 0.85% |
| Shriram Finance Ltd | 0.78% | 1.24% |
| Bank Of Maharashtra | 0.90% | 0.77% |
| REC Ltd | 1.00% | 0.75% |
| Bank of Baroda | 0.76% | 0.74% |
| Aditya Birla Capital Ltd | 0.78% | 0.63% |
| Indian Hotels Co Ltd | 0.83% | 0.50% |
| Indegene Ltd | 0.48% | 0.98% |
| HDFC Asset Management Co Ltd | 0.71% | 0.48% |
| United Spirits Ltd | 0.44% | 1.49% |
| State Bank of India | 2.71% | 0.42% |
| Kirloskar Oil Engines Ltd | 0.40% | 0.68% |
| Union Bank Of India | 0.62% | 0.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.1% means 30.1% 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 |
|---|---|
| Titan Co Ltd | 1.92% |
| Bajaj Finance Ltd | 1.58% |
| Coal India Ltd | 1.42% |
| Bajaj Auto Ltd | 1.37% |
| Nestle India Ltd | 1.34% |
Largest holdings only in Navi Flexi Cap Fund
| Security | % of fund |
|---|---|
| USHA MARTIN LTD | 3.07% |
| YASH HIGHVOLTAGE LTD | 2.29% |
| INTERARCH BUILDING SOLUTIONS LIMITED | 2.27% |
| RAINBOW CHILDRENS MEDICARE LIMITED | 2.20% |
| SHANTI GOLD INTERNATIONAL LIMITED | 2.09% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | Navi Flexi Cap |
|---|---|---|
| Equity | 97.6% | 93.6% |
| Debt | 0.0% | 1.0% |
| Cash and others | 2.4% | 5.3% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | Navi Flexi Cap |
|---|---|---|
| Large Cap | 71.7% | 37.5% |
| Mid Cap | 18.2% | 16.2% |
| Small Cap | 7.4% | 40.0% |
| 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 | Navi Flexi Cap |
|---|---|---|
| Banks | 19.4% | 0.0% |
| BANKS | 0.0% | 15.7% |
| AUTO COMPONENTS | 0.0% | 13.1% |
| CAPITAL MARKETS | 0.0% | 9.7% |
| Finance | 7.5% | 0.0% |
| Pharmaceuticals & Biotechnology | 6.4% | 0.0% |
| IT - Software | 5.9% | 0.0% |
| INDUSTRIAL PRODUCTS | 0.0% | 5.7% |
| HEALTHCARE SERVICES | 0.0% | 5.2% |
| FINANCE | 0.0% | 5.2% |
| Telecom - Services | 5.1% | 0.0% |
| Petroleum Products | 5.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs Navi Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | Navi Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 0.70% |
| Base expense ratio (Direct) | 0.62% | 0.51% |
| Total expense ratio (Regular) | 2.80% | 2.57% |
| Base expense ratio (Regular) | 2.07% | 2.10% |
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 Navi Flexi Cap Fund: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and Navi Flexi Cap Fund?
Franklin India Multi-Factor Fund is a Thematic fund, Navi Flexi Cap Fund is a Flexi Cap fund, run by Franklin Templeton Mutual Fund and Navi Mutual Fund. Their portfolios overlap 30.1%. Franklin India Multi-Factor Fund charges 1.14% a year and Navi Flexi Cap Fund 0.70%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or Navi Flexi Cap Fund?
Navi Flexi Cap Fund charges less: 0.70% 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 Navi Flexi Cap Fund overlap?
30.1%. They hold 27 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Multi-Factor Fund and Navi Flexi Cap Fund?
Yes. 30.1% 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.