Franklin India Multi-Factor Fund vs Nippon India Retirement Fund- Income Generation Scheme
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Multi-Factor Fund is a Thematic fund and Nippon India Retirement Fund- Income Generation Scheme is a mutual fund. Franklin India Multi-Factor Fund charges 1.14% a year and Nippon India Retirement Fund- Income Generation Scheme 0.98% (Direct plans). Their portfolios overlap 17.2%: they hold 16 of the same securities.
Franklin India Multi-Factor Fund
Thematic
- Expense ratio
- 1.14%
- NAV
- ₹9.02
Nippon India Retirement Fund- Income Generation Scheme
- Expense ratio
- 0.98%
- NAV
- ₹22.75
Which is better, Franklin India Multi-Factor or Nippon India Retirement Fund- Income Generation Scheme? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Nippon India Retirement Fund- Income Generation Scheme costs less: 0.98% a year against 1.14% (Direct plans).
- Nippon India Retirement Fund- Income Generation Scheme fell less in its worst fall since 28-11-2025: −4.8% against −13.8%.
- Franklin India Multi-Factor holds more in large companies: 71.7% of the fund in large caps against 17.2%.
- Franklin India Multi-Factor is the larger fund: ₹581 Cr against ₹138 Cr.
- Their portfolios overlap 17.2%: 16 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 | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Nippon India Mutual Fund |
| Category | Thematic | Not available |
| AUM | ₹581 Cr (30-09-2026) | ₹138 Cr (30-09-2026) |
| NAV | ₹9.02 (Direct) | ₹22.75 (Direct) |
| Expense ratio (Direct) | 1.14% | 0.98% |
| Expense ratio (Regular) | 2.80% | 2.11% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
Franklin India Multi-Factor vs Nippon India Retirement Fund- Income Generation Scheme: 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% | -- | -- | -- | -- |
| Nippon India Retirement Fund- Income Generation Scheme (Direct) | −0.70% | −3.53% | +0.12% | −1.77% | +6.39% | +5.81% | +6.84% |
| 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 Nippon India Retirement Fund- Income Generation Scheme: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | Nippon India Retirement Fund- Income Generation SchemeNippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| 2026to date | −10.63% | −1.89% |
| 2025 | -- | +4.43% |
| 2024 | -- | +12.34% |
| 2023 | -- | +11.45% |
| 2022 | -- | +3.07% |
| 2021 | -- | +6.01% |
Franklin India Multi-Factor vs Nippon India Retirement Fund- Income Generation Scheme: 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 Nippon India Retirement Fund- Income Generation Scheme: 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) | Nippon India Retirement Fund- Income Generation Scheme (Direct) |
|---|---|---|
| Return (CAGR) | −10.62% | +7.26% |
| Standard deviation | 14.25% | 4.82% |
| Sharpe ratio | -1.11 | 0.34 |
| Sortino ratio | -1.45 | 0.47 |
| Maximum drawdown | −13.8% (31-03-2026) | −7.4% (17-06-2022) |
| 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)
Nippon India Retirement Fund- Income Generation Scheme (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% |
| Nippon India Retirement Fund- Income Generation Scheme (Direct) | −4.8% | 02-01-2026 | 02-04-2026 | 24-06-2026 | 3 months | −4.3% |
| 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 Nippon India Retirement Fund- Income Generation Scheme: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; Nippon India Retirement Fund- Income Generation Scheme, September 2026
Holdings in common
- Overlap
- 17.2%
- Held by both
- 16
- Only in Franklin India Multi-Factor
- 74
- Only in Nippon India Retirement Fund- Income Generation Scheme
- 12
| Security | % of Franklin India Multi-Factor | % of Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| ICICI Bank Ltd | 5.08% | 2.87% |
| State Bank of India | 2.71% | 2.08% |
| HDFC Bank Ltd | 5.90% | 1.54% |
| Reliance Industries Ltd | 4.24% | 1.54% |
| Larsen & Toubro Ltd | 2.67% | 1.29% |
| Axis Bank Ltd | 1.46% | 1.15% |
| Samvardhana Motherson International Ltd | 1.28% | 1.13% |
| NTPC Ltd | 1.24% | 1.11% |
| Mahindra & Mahindra Ltd | 1.01% | 0.85% |
| Dixon Technologies (India) Ltd | 0.78% | 0.71% |
| Cummins India Ltd | 0.99% | 0.69% |
| Eternal Ltd | 0.69% | 0.99% |
| Infosys Ltd | 2.32% | 0.66% |
| Tata Consultancy Services Ltd | 1.21% | 0.44% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 0.26% |
| Apollo Hospitals Enterprise Ltd | 1.23% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 17.2% means 17.2% 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 |
|---|---|
| Bharti Airtel Ltd | 3.83% |
| ITC Ltd | 2.30% |
| Titan Co Ltd | 1.92% |
| Bajaj Finance Ltd | 1.58% |
| Coal India Ltd | 1.42% |
Largest holdings only in Nippon India Retirement Fund- Income Generation Scheme
| Security | % of fund |
|---|---|
| 7.06% Government of India | 30.72% |
| 6.68% Government of India | 17.08% |
| 8.13% Government of India | 16.12% |
| 8.17% Government of India | 4.98% |
| 6.36% Government of India | 3.55% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Equity | 97.6% | 19.2% |
| Debt | 0.0% | 74.9% |
| Cash and others | 2.4% | 5.9% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Large Cap | 71.7% | 17.2% |
| Mid Cap | 18.2% | 0.9% |
| Small Cap | 7.4% | 1.0% |
| 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 | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Banks | 19.4% | 7.6% |
| Finance | 7.5% | 0.0% |
| Pharmaceuticals & Biotechnology | 6.4% | 0.3% |
| IT - Software | 5.9% | 1.1% |
| Telecom - Services | 5.1% | 0.0% |
| Petroleum Products | 5.0% | 1.5% |
| Construction | 3.5% | 1.3% |
| Power | 3.2% | 1.1% |
| Auto Components | 1.3% | 1.3% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs Nippon India Retirement Fund- Income Generation Scheme: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | Nippon India Retirement Fund- Income Generation Scheme |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 0.98% |
| Base expense ratio (Direct) | 0.62% | 0.83% |
| Total expense ratio (Regular) | 2.80% | 2.11% |
| Base expense ratio (Regular) | 2.07% | 1.79% |
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 Nippon India Retirement Fund- Income Generation Scheme: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and Nippon India Retirement Fund- Income Generation Scheme?
Franklin India Multi-Factor Fund is a Thematic fund, Nippon India Retirement Fund- Income Generation Scheme is a mutual fund, run by Franklin Templeton Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 17.2%. Franklin India Multi-Factor Fund charges 1.14% a year and Nippon India Retirement Fund- Income Generation Scheme 0.98%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or Nippon India Retirement Fund- Income Generation Scheme?
Nippon India Retirement Fund- Income Generation Scheme charges less: 0.98% 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 Nippon India Retirement Fund- Income Generation Scheme overlap?
17.2%. They hold 16 of the same securities, the largest shared ones being ICICIBANK, SBIN, HDFCBANK. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Multi-Factor Fund and Nippon India Retirement Fund- Income Generation Scheme?
Yes. 17.2% 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.