Franklin India Retirement Fund vs Franklin India Ultra Short to Short Term Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Retirement Fund is a Solution fund and Franklin India Ultra Short to Short Term Fund is a Low Duration fund. In the year to 30-10-2026, Franklin India Retirement Fund (Direct) returned −3.4% and Franklin India Ultra Short to Short Term Fund (Direct) returned 6.1%. Franklin India Retirement Fund charges 1.52% a year and Franklin India Ultra Short to Short Term Fund 0.27% (Direct plans). Their portfolios overlap 13.5%: they hold 3 of the same securities.
Franklin India Retirement Fund
Solution
- 1 year return
- −3.4%
- Expense ratio
- 1.52%
- NAV
- ₹235.73
Franklin India Ultra Short to Short Term Fund
Low Duration
- 1 year return
- 6.1%
- Expense ratio
- 0.27%
- NAV
- ₹11.21
Which is better, Franklin India Retirement or Franklin India Ultra Short to Short Term? 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 Ultra Short to Short Term returned more over 1 year: 6.1% against −3.4%.
- Franklin India Ultra Short to Short Term costs less: 0.27% a year against 1.52% (Direct plans).
- Franklin India Ultra Short to Short Term fell less in its worst fall since 06-03-2025: −0.1% against −5.9%.
- Franklin India Retirement is the larger fund: ₹479 Cr against ₹338 Cr.
- Their portfolios overlap 13.5%: 3 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 Retirement Fund | Franklin India Ultra Short to Short Term Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Franklin Templeton Mutual Fund |
| Category | Solution | Low Duration |
| AUM | ₹479 Cr (30-09-2026) | ₹338 Cr (30-09-2026) |
| NAV | ₹235.73 (Direct) | ₹11.21 (Direct) |
| Expense ratio (Direct) | 1.52% | 0.27% |
| Expense ratio (Regular) | 2.25% | 0.72% |
| Riskometer | Not available | Not available |
| Benchmark | CRISIL Short Term Debt Hybrid 60+40 Index | NIFTY Low Duration Debt Index A-I |
| Launch date | 31-03-1997 | 05-03-2025 |
| Minimum investment | 500/1 | 5000/1 |
| Lock in | 5 years, or until retirement if earlier | None |
| Fund managers | Anuj Tagra, Chandni Gupta, Rajasa Kakulavarapu, Ajay Argal | Chandni Gupta, Rahul Goswami |
| Exit load | 3% if redeemed before the age of 58 years (subject to lock-in period) and target amount. Nil, if redeemed after the age of 58 years | Nil |
Franklin India Retirement vs Franklin India Ultra Short to Short Term: 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 Retirement Fund (Direct) | −0.79% | −2.49% | −0.61% | −3.40% | +7.27% | +6.59% | +7.54% |
| Franklin India Ultra Short to Short Term Fund (Direct) | +0.32% | +1.21% | +2.90% | +6.07% | -- | -- | -- |
| Low Duration average | +0.18% | +1.12% | +2.95% | +5.79% | -- | -- | -- |
Category average: the average of the 25 Low Duration funds, same plan type.
Franklin India Retirement vs Franklin India Ultra Short to Short Term: Year-wise Returns
| Year | RetirementFranklin India Retirement | Ultra Short to Short TermFranklin India Ultra Short to Short Term |
|---|---|---|
| 2026to date | −3.21% | +5.05% |
| 2025 | +5.10% | -- |
| 2024 | +13.46% | -- |
| 2023 | +14.93% | -- |
| 2022 | +4.34% | -- |
| 2021 | +10.57% | -- |
Franklin India Retirement vs Franklin India Ultra Short to Short Term: Rolling Returns
Every holding period of both funds
Rolling returns
Every 1-year holding period, 160 of them, one for each trading day from 06-03-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Franklin India Retirement Fund (Direct)
Franklin India Ultra Short to Short Term Fund (Direct)
to
Mar 2026May 2025
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India Retirement | 36.9 | 58.1 | 5.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.7% | 0.5% | −4.0% | 6.4% |
| Franklin India Ultra Short to Short Term | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.7% | 6.6% | 6.0% | 8.0% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 06-03-2025. Past returns do not promise future returns.
Franklin India Retirement vs Franklin India Ultra Short to Short Term: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-03-2025 to 30-10-2026: 20 instalments, ₹2,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India RetirementFranklin India Retirement Fund (Direct) | ₹2,00,000 | ₹1,98,065 | −₹1,935 | −1.1% |
| Franklin India Ultra Short to Short TermFranklin India Ultra Short to Short Term Fund (Direct) | ₹2,00,000 | ₹2,11,002 | ₹11,002 | 6.3% |
Franklin India RetirementFranklin India Retirement Fund (Direct)
Franklin India Ultra Short to Short TermFranklin India Ultra Short to Short Term Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Franklin India Retirement vs Franklin India Ultra Short to Short Term: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Retirement Fund (Direct) | Franklin India Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | −3.40% | +6.07% |
| Standard deviation | 5.41% | 0.58% |
| Sharpe ratio | -1.60 | 1.42 |
| Sortino ratio | -2.07 | 2.12 |
| Maximum drawdown | −5.9% (30-03-2026) | −0.1% (08-07-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 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.
| Measure | Franklin India Retirement Fund (Direct) | Franklin India Ultra Short to Short Term Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.37% | +7.14% |
| Standard deviation | 6.13% | 0.60% |
| Sharpe ratio | 0.54 | 2.85 |
| Sortino ratio | 0.73 | 4.92 |
| Maximum drawdown | −13.8% (23-03-2020) | −0.1% (08-07-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 01-01-2013 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 Retirement Fund (Direct)
Franklin India Ultra Short to Short Term Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Retirement Fund (Direct) | −5.9% | 26-11-2025 | 30-03-2026 | Not yet | -- | −3.8% |
| Franklin India Ultra Short to Short Term Fund (Direct) | −0.1% | 06-07-2026 | 08-07-2026 | 16-07-2026 | 8 days | 0.0% |
From daily values since 06-03-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India Retirement Fund (Direct)
Franklin India Ultra Short to Short Term Fund (Direct)
Franklin India Retirement vs Franklin India Ultra Short to Short Term: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Retirement Fund, September 2026; Franklin India Ultra Short to Short Term Fund, September 2026
Holdings in common
- Overlap
- 13.5%
- Held by both
- 3
- Only in Franklin India Retirement
- 60
- Only in Franklin India Ultra Short to Short Term
- 15
| Security | % of Franklin India Retirement | % of Franklin India Ultra Short to Short Term |
|---|---|---|
| 0.00% Jubilant Bevco Ltd (31-May-2028) | 6.26% | 7.87% |
| 0.00% Jubilant Beverages Ltd (31-May-2028) | 4.17% | 5.50% |
| 7.70% Poonawalla Fincorp Ltd (21-Apr-2028) | 5.35% | 3.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.5% means 13.5% 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 Retirement Fund
| Security | % of fund |
|---|---|
| 7.48% National Bank For Agriculture & Rural Development (15-Sep-2028) | 9.37% |
| 7.68% Small Industries Development Bank Of India (10-Aug-2027) | 5.42% |
| 7.90% Bajaj Housing Finance Ltd (28-Apr-2028) | 5.37% |
| 7.90% LIC Housing Finance LTD (23-Jun-2027) | 5.33% |
| 7.03% National Bank for Financing Infrastructure and Development (08-Apr-2030) | 5.25% |
Largest holdings only in Franklin India Ultra Short to Short Term Fund
| Security | % of fund |
|---|---|
| 7.02% Punjab SDL (01-Jul-2030) | 9.17% |
| 7.25% RJ Corp Ltd (08-Dec-2028) | 7.63% |
| 7.9265% LIC Housing Finance (14-Jul-2027) | 7.52% |
| 7.56% REC Ltd (31-Aug-2027) | 7.44% |
| 7.70% National Bank For Agriculture & Rural Development (30-Sep-2027) | 7.40% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Retirement | Franklin India Ultra Short to Short Term |
|---|---|---|
| Equity | 35.1% | 0.0% |
| Debt | 56.9% | 93.0% |
| Cash and others | 8.0% | 7.0% |
Market cap of stocks
| Market cap | Franklin India Retirement | Franklin India Ultra Short to Short Term |
|---|---|---|
| Large Cap | 20.9% | -- |
| Mid Cap | 6.2% | -- |
| Small Cap | 7.5% | -- |
| Not on AMFI's list | 0.5% | -- |
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 Retirement | Franklin India Ultra Short to Short Term |
|---|---|---|
| Banks | 7.1% | 0.0% |
| Automobiles | 2.3% | 0.0% |
| Pharmaceuticals & Biotechnology | 1.9% | 0.0% |
| Consumer Durables | 1.9% | 0.0% |
| Retailing | 1.8% | 0.0% |
| Industrial Products | 1.6% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Retirement vs Franklin India Ultra Short to Short Term: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Retirement Fund | Franklin India Ultra Short to Short Term Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | 0.27% |
| Base expense ratio (Direct) | 1.21% | 0.22% |
| Total expense ratio (Regular) | 2.25% | 0.72% |
| Base expense ratio (Regular) | 1.84% | 0.61% |
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 Ultra Short to Short Term with
- Franklin India Ultra Short to Short Term vs HSBC Ultra Short to Short Term
- Franklin India Ultra Short to Short Term vs Nippon India Ultra Short to Short Term
- Franklin India Ultra Short to Short Term vs Axis Ultra Short to Short Term
- Franklin India Ultra Short to Short Term vs Kotak Ultra Short to Short Term
- Franklin India Ultra Short to Short Term vs Mirae Asset Ultra Short to Short Term
Franklin India Retirement Fund vs Franklin India Ultra Short to Short Term Fund: Frequently Asked Questions
What is the difference between Franklin India Retirement Fund and Franklin India Ultra Short to Short Term Fund?
Franklin India Retirement Fund is a Solution fund, Franklin India Ultra Short to Short Term Fund is a Low Duration fund, run by Franklin Templeton Mutual Fund. Their portfolios overlap 13.5%. Franklin India Retirement Fund charges 1.52% a year and Franklin India Ultra Short to Short Term Fund 0.27%.
Which has given higher returns, Franklin India Retirement Fund or Franklin India Ultra Short to Short Term Fund?
Over 1 year: Franklin India Retirement Fund −3.40%, Franklin India Ultra Short to Short Term Fund +6.07%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India Retirement Fund or Franklin India Ultra Short to Short Term Fund?
Franklin India Ultra Short to Short Term Fund charges less: 0.27% a year against 1.52%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Retirement Fund and Franklin India Ultra Short to Short Term Fund overlap?
13.5%. They hold 3 of the same securities, the largest shared ones being 0.00% Jubilant Bevco Ltd (31-May-2028), 0.00% Jubilant Beverages Ltd (31-May-2028), 7.70% Poonawalla Fincorp Ltd (21-Apr-2028). From each fund's latest monthly portfolio.
Can I invest in both Franklin India Retirement Fund and Franklin India Ultra Short to Short Term Fund?
Yes. 13.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Franklin India Retirement Fund and Franklin India Ultra Short to Short Term Fund?
Franklin India Retirement Fund: Anuj Tagra, Chandni Gupta, Rajasa Kakulavarapu, Ajay Argal. Franklin India Ultra Short to Short Term Fund: Chandni Gupta, Rahul Goswami.
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.