Franklin India Multi-Factor Fund vs SBI Flexicap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Multi-Factor Fund is a Thematic fund and SBI Flexicap Fund is a Flexi Cap fund. Franklin India Multi-Factor Fund charges 1.14% a year and SBI Flexicap Fund 1.24% (Direct plans). Their portfolios overlap 41.3%: 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 SBI Flexicap? 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 1.24% (Direct plans).
- Franklin India Multi-Factor fell less in its worst fall since 28-11-2025: −13.8% against −14.7%.
- SBI Flexicap holds 3.4% of the fund in foreign stocks; Franklin India Multi-Factor 0.0%.
- Franklin India Multi-Factor holds more in large companies: 71.7% of the fund in large caps against 60.1%.
- SBI Flexicap is the larger fund: ₹22,109 Cr against ₹581 Cr.
- Their portfolios overlap 41.3%: 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 | SBI Flexicap Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Flexi Cap |
| AUM | ₹581 Cr (30-09-2026) | ₹22,109 Cr (30-09-2026) |
| NAV | ₹9.02 (Direct) | ₹116.25 (Direct) |
| Expense ratio (Direct) | 1.14% | 1.24% |
| Expense ratio (Regular) | 2.80% | 2.03% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | BSE 500 TRI |
| Launch date | Not available | 29-09-2005 |
| Minimum investment | Not available | ₹1,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Dinesh Balachandran, Anup Upadhyay |
| Exit load | Not available | Exit load of 0.10% if redeemed within 30 days. |
Franklin India Multi-Factor vs SBI Flexicap: 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% | -- | -- | -- | -- |
| SBI Flexicap Fund (Direct) | −1.81% | −4.13% | −1.73% | −7.80% | +8.02% | +6.91% | +11.39% |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | +12.37% | +10.04% | +13.13% |
Category average: the average of the 235 Thematic funds and the 46 Flexi Cap funds, same plan type.
Franklin India Multi-Factor vs SBI Flexicap: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | SBI FlexicapSBI Flexicap |
|---|---|---|
| 2026to date | −10.63% | −8.28% |
| 2025 | -- | +6.35% |
| 2024 | -- | +15.19% |
| 2023 | -- | +23.88% |
| 2022 | -- | +1.60% |
| 2021 | -- | +32.05% |
Franklin India Multi-Factor vs SBI Flexicap: 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 SBI Flexicap: 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) | SBI Flexicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.62% | +14.02% |
| Standard deviation | 14.25% | 14.79% |
| Sharpe ratio | -1.11 | 0.54 |
| Sortino ratio | -1.45 | 0.72 |
| Maximum drawdown | −13.8% (31-03-2026) | −35.8% (23-03-2020) |
| Beta | 0.97 | 0.91 |
| Alpha | −1.09% | +1.82% |
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)
SBI Flexicap 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% |
| SBI Flexicap Fund (Direct) | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.2% |
| 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 SBI Flexicap: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; SBI Flexicap Fund, September 2026
Holdings in common
- Overlap
- 41.3%
- Held by both
- 27
- Only in Franklin India Multi-Factor
- 63
- Only in SBI Flexicap
- 37
| Security | % of Franklin India Multi-Factor | % of SBI Flexicap |
|---|---|---|
| HDFC Bank Ltd | 5.90% | 6.24% |
| ICICI Bank Ltd | 5.08% | 6.90% |
| Larsen & Toubro Ltd | 2.67% | 3.32% |
| State Bank of India | 2.71% | 2.17% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 2.10% |
| Bharti Airtel Ltd | 3.83% | 1.94% |
| Titan Co Ltd | 1.92% | 2.41% |
| Bajaj Finance Ltd | 1.58% | 2.50% |
| Axis Bank Ltd | 1.46% | 1.84% |
| Bajaj Auto Ltd | 1.37% | 2.65% |
| Apollo Hospitals Enterprise Ltd | 1.23% | 2.09% |
| Solar Industries India Ltd | 1.20% | 1.21% |
| Tata Motors Ltd | 1.13% | 1.93% |
| Divi's Laboratories Ltd | 1.33% | 1.13% |
| Life Insurance Corporation Of India | 1.11% | 2.20% |
| FSN E-Commerce Ventures Ltd | 1.10% | 2.02% |
| Aurobindo Pharma Ltd | 1.08% | 3.03% |
| Samvardhana Motherson International Ltd | 1.28% | 1.05% |
| Cummins India Ltd | 0.99% | 1.11% |
| Reliance Industries Ltd | 4.24% | 0.99% |
| Kotak Mahindra Bank Ltd | 0.90% | 1.63% |
| Bharat Petroleum Corporation Ltd | 0.79% | 1.03% |
| Shriram Finance Ltd | 0.78% | 2.00% |
| Vedanta Aluminium Metal Ltd | 0.74% | 1.92% |
| Eternal Ltd | 0.69% | 0.59% |
| NMDC Ltd | 0.36% | 0.96% |
| Navin Fluorine International Ltd | 0.56% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 41.3% means 41.3% 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% |
| ITC Ltd | 2.30% |
| Coal India Ltd | 1.42% |
| Nestle India Ltd | 1.34% |
| Hero MotoCorp Ltd | 1.33% |
Largest holdings only in SBI Flexicap Fund
| Security | % of fund |
|---|---|
| JSW Infrastructure Ltd. | 2.81% |
| Eicher Motors Ltd. | 2.46% |
| Urban Company Ltd. | 2.07% |
| Coforge Ltd. | 2.06% |
| Varun Beverages Ltd. | 2.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | SBI Flexicap |
|---|---|---|
| Equity | 97.6% | 97.0% |
| Debt | 0.0% | 0.4% |
| Cash and others | 2.4% | 2.6% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | SBI Flexicap |
|---|---|---|
| Large Cap | 71.7% | 60.1% |
| Mid Cap | 18.2% | 19.4% |
| Small Cap | 7.4% | 14.1% |
| Foreign stocks | 0.0% | 3.4% |
| 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 | SBI Flexicap |
|---|---|---|
| Banks | 19.4% | 23.7% |
| Pharmaceuticals & Biotechnology | 6.4% | 9.1% |
| Finance | 7.5% | 4.8% |
| IT - Software | 5.9% | 4.2% |
| Retailing | 3.7% | 5.7% |
| Automobiles | 4.0% | 5.1% |
| Telecom - Services | 5.1% | 1.9% |
| Petroleum Products | 5.0% | 2.0% |
| Industrial Products | 2.8% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs SBI Flexicap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | SBI Flexicap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 1.24% |
| Base expense ratio (Direct) | 0.62% | 0.72% |
| Total expense ratio (Regular) | 2.80% | 2.03% |
| Base expense ratio (Regular) | 2.07% | 1.40% |
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 SBI Flexicap Fund: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and SBI Flexicap Fund?
Franklin India Multi-Factor Fund is a Thematic fund, SBI Flexicap Fund is a Flexi Cap fund, run by Franklin Templeton Mutual Fund and SBI Mutual Fund. Their portfolios overlap 41.3%. Franklin India Multi-Factor Fund charges 1.14% a year and SBI Flexicap Fund 1.24%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or SBI Flexicap Fund?
Franklin India Multi-Factor Fund charges less: 1.14% a year against 1.24%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Multi-Factor Fund and SBI Flexicap Fund overlap?
41.3%. They hold 27 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, LT. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Multi-Factor Fund and SBI Flexicap Fund?
Yes. 41.3% 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.