Franklin India Multi-Factor Fund vs NJ Value Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Multi-Factor Fund is a Thematic fund and NJ Value Fund is a Value and Contra fund. Franklin India Multi-Factor Fund charges 1.14% a year and NJ Value Fund 1.60% (Direct plans). Their portfolios overlap 27.8%: they hold 29 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 NJ Value? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Franklin India Multi-Factor costs less: 1.14% a year against 1.60% (Direct plans).
- Franklin India Multi-Factor fell less in its worst fall since 03-08-2026: −10.4% against −10.7%.
- Franklin India Multi-Factor holds more in large companies: 71.7% of the fund in large caps against 40.9%.
- Their portfolios overlap 27.8%: 29 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 | NJ Value Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | NJ Mutual Fund |
| Category | Thematic | Value and Contra |
| AUM | ₹581 Cr (30-09-2026) | Not available |
| NAV | ₹9.02 (Direct) | ₹9.11 (Direct) |
| Expense ratio (Direct) | 1.14% | 1.60% |
| Expense ratio (Regular) | 2.80% | 3.39% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 500 TRI |
| Launch date | Not available | 30-07-2026 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | None |
| Fund managers | Not available | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | Not available | Nil |
Franklin India Multi-Factor vs NJ Value: 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% | -- | -- | -- | -- |
| NJ Value Fund (Direct) | −1.19% | -- | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| Value and Contra average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds and the 30 Value and Contra funds, same plan type.
Franklin India Multi-Factor vs NJ Value: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | NJ ValueNJ Value |
|---|---|---|
| 2026to date | −10.63% | -- |
Franklin India Multi-Factor vs NJ Value: 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 NJ Value: 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) | NJ Value Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.62% | −33.20% |
| Standard deviation | 14.25% | 11.23% |
| Sharpe ratio | -1.11 | -3.42 |
| Sortino ratio | -1.45 | -3.90 |
| Maximum drawdown | −13.8% (31-03-2026) | −10.7% (23-10-2026) |
| Beta | 0.97 | 0.94 |
| Alpha | −1.09% | −6.42% |
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)
NJ Value 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) | −10.4% | 03-08-2026 | 23-10-2026 | Not yet | -- | −8.3% |
| NJ Value Fund (Direct) | −10.7% | 05-08-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| BSE 200 TRI | −9.6% | 06-08-2026 | 08-10-2026 | Not yet | -- | −7.6% |
From daily values since 03-08-2026, the first day every fund has.
Franklin India Multi-Factor vs NJ Value: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; NJ Value Fund, September 2026
Holdings in common
- Overlap
- 27.8%
- Held by both
- 29
- Only in Franklin India Multi-Factor
- 61
- Only in NJ Value
- 46
| Security | % of Franklin India Multi-Factor | % of NJ Value |
|---|---|---|
| Larsen & Toubro Ltd | 2.67% | 1.37% |
| Bajaj Auto Ltd | 1.37% | 1.35% |
| ITC Ltd | 2.30% | 1.34% |
| Hero MotoCorp Ltd | 1.33% | 1.39% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 1.31% |
| Reliance Industries Ltd | 4.24% | 1.30% |
| Samvardhana Motherson International Ltd | 1.28% | 1.55% |
| Bharti Airtel Ltd | 3.83% | 1.28% |
| Infosys Ltd | 2.32% | 1.26% |
| NTPC Ltd | 1.24% | 1.33% |
| Tata Consultancy Services Ltd | 1.21% | 1.24% |
| HCL Technologies Ltd | 1.20% | 1.31% |
| Lupin Ltd | 1.19% | 1.20% |
| Canara Bank | 1.09% | 1.35% |
| REC Ltd | 1.00% | 1.13% |
| Bank Of Maharashtra | 0.90% | 1.41% |
| Power Finance Corporation Ltd | 0.87% | 1.08% |
| Great Eastern Shipping Co Ltd | 0.82% | 1.66% |
| Hindalco Industries Ltd | 0.79% | 1.38% |
| Bank of Baroda | 0.76% | 1.34% |
| LIC Housing Finance Ltd | 0.74% | 1.43% |
| HDFC Asset Management Co Ltd | 0.71% | 1.23% |
| Hindustan Aeronautics Ltd | 0.65% | 1.44% |
| Union Bank Of India | 0.62% | 1.41% |
| Colgate Palmolive (India) Ltd | 0.60% | 1.22% |
| Oberoi Realty Ltd | 0.49% | 1.38% |
| Hindustan Unilever Ltd | 0.48% | 1.28% |
| NMDC Ltd | 0.36% | 1.29% |
| Maruti Suzuki India Ltd | 0.27% | 1.20% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 27.8% means 27.8% 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 |
|---|---|
| HDFC Bank Ltd | 5.90% |
| ICICI Bank Ltd | 5.08% |
| State Bank of India | 2.71% |
| Titan Co Ltd | 1.92% |
| Bajaj Finance Ltd | 1.58% |
Largest holdings only in NJ Value Fund
| Security | % of fund |
|---|---|
| Redington Limited | 1.81% |
| Bosch Limited | 1.64% |
| Jubilant Foodworks Limited | 1.49% |
| Zydus Lifesciences Limited | 1.48% |
| DLF Limited | 1.46% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | NJ Value |
|---|---|---|
| Equity | 97.6% | 99.4% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 0.6% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | NJ Value |
|---|---|---|
| Large Cap | 71.7% | 40.9% |
| Mid Cap | 18.2% | 34.3% |
| Small Cap | 7.4% | 24.1% |
| 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 | NJ Value |
|---|---|---|
| Banks | 19.4% | 12.2% |
| IT - Software | 5.9% | 8.7% |
| Finance | 7.5% | 8.6% |
| Auto Components | 1.3% | 8.3% |
| Pharmaceuticals & Biotechnology | 6.4% | 7.9% |
| Telecom - Services | 5.1% | 1.3% |
| Petroleum Products | 5.0% | 2.6% |
| Automobiles | 4.0% | 4.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs NJ Value: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | NJ Value Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 1.60% |
| Base expense ratio (Direct) | 0.62% | 0.58% |
| Total expense ratio (Regular) | 2.80% | 3.39% |
| 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 NJ Value Fund: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and NJ Value Fund?
Franklin India Multi-Factor Fund is a Thematic fund, NJ Value Fund is a Value and Contra fund, run by Franklin Templeton Mutual Fund and NJ Mutual Fund. Their portfolios overlap 27.8%. Franklin India Multi-Factor Fund charges 1.14% a year and NJ Value Fund 1.60%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or NJ Value Fund?
Franklin India Multi-Factor Fund charges less: 1.14% a year against 1.60%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Multi-Factor Fund and NJ Value Fund overlap?
27.8%. They hold 29 of the same securities, the largest shared ones being LT, BAJAJ-AUTO, ITC. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Multi-Factor Fund and NJ Value Fund?
Yes. 27.8% 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.