Franklin India Multi Asset Allocation Fund is a Multi Asset fund run by Franklin Templeton Mutual Fund. On 30-09-2026, it managed ₹2,767 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned 0.7% and its Regular plan returned −0.9%.
NAV (Direct plan)
₹10.56
▼ 0.37% · 30-10-2026
NAV (Regular plan)
₹10.34
▼ 0.37% · 30-10-2026
Expense ratio
0.55%Direct1.95%Regular
0.55%
A year
Riskometer
Not available
Set by the fund house
1 year return
0.7%Direct−0.9%Regular
0.7%
Total
Franklin India Multi Asset Allocation Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹10.56 (down 0.37% that day); Regular Plan Growth ₹10.34 (down 0.37% that day).
This fund (Direct plan)
₹10.5555
Franklin India Multi Asset Allocation Fund Returns vs Multi Asset Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−1.84%
−5.28%
−3.50%
+0.65%
--
--
--
This fund (Regular)
−1.95%
−5.64%
−4.24%
−0.94%
--
--
--
Multi Asset average
−1.71%
−3.33%
−1.78%
+2.00%
--
--
--
Best in Multi Asset
+0.22%
+1.02%
+3.21%
+8.36%
--
--
--
Worst in Multi Asset
−3.85%
−5.28%
−5.92%
−3.66%
--
--
--
Rank in Multi Asset
24/37
36/36
29/34
20/31
--
--
--
Category rows compare the Direct plans of 37 Multi Asset funds. Rank 1 is the highest return. This fund's benchmark is 65% Nifty 500+ 20% Nifty Short Duration Index+ 5% Domestic price of gold+ 5% Domestic price of silver+ 5% iCOMDEX. Returns of that index are not available to us, so the category average is the comparison.
Franklin India Multi Asset Allocation Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
−3.46%
−4.71%
Franklin India Multi Asset Allocation Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 61 periods, one for each trading day from 31-07-2026 to 30-10-2026.
−5%0%5%10%15%20%
Franklin India Multi Asset Allocation Fund (Direct)
Category average, 37 Multi Asset funds
Aug 2025 to Aug 2026Aug 2025 to Aug 2026Sept 2025 to Sept 2026Sept 2025 to Sept 2026Oct 2025 to Oct 2026Oct 2025 to Oct 2026
Franklin India Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds
7%
0%
Below 0%
23%
23%
0-5%
21%
26%
5-10%
49%
38%
10-15%
0%
13%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
61
9.8%
−1.0%
14.7%
7%
10.6%
0%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Franklin India Multi Asset Allocation Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Franklin India Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
+0.65%
+2.25%
Standard deviation
12.79%
10.59%
Sharpe ratio
-0.36
-0.28
Sortino ratio
-0.48
-0.38
Maximum drawdown
−11.6%
(23-03-2026)
−10.3%
(23-03-2026)
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.
Measure
Franklin India Multi Asset Allocation Fund (Direct)This fund
Category average
Return (CAGR)
+4.43%
+6.95%
Standard deviation
11.79%
9.84%
Sharpe ratio
-0.07
0.17
Sortino ratio
-0.10
0.23
Maximum drawdown
−11.6%
(23-03-2026)
−10.3%
(23-03-2026)
From daily NAVs, 31-07-2025 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.
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.
−12%−10%−8%−6%−4%−2%0%
Franklin India Multi Asset Allocation Fund (Direct)
Category average, 37 Multi Asset funds
2026
Franklin India Multi Asset Allocation Fund (Direct)Category average, 37 Multi Asset funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Franklin India Multi Asset Allocation Fund (Direct)
−11.6%
29-01-2026
23-03-2026
Not yet
--
−8.0%
Category average
−10.3%
29-01-2026
23-03-2026
21-08-2026
5 months
−6.1%
From the Direct plan's daily NAV since 31-07-2025, adjusted for unit splits, and the average of the 37 Multi Asset funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Franklin India Multi Asset Allocation Fund vs Other Multi Asset Funds
The five Multi Asset funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Franklin India Multi Asset Allocation Fund Expense Ratio and Costs
What each plan charges a year, in force from 22-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Multi Asset median
Cost rank (1 = cheapest)
Direct
0.40%
0.02%
0.00%
0.13%
0.55%
0.85%
4/37
Regular
1.61%
0.02%
0.00%
0.32%
1.95%
2.15%
12/37
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Multi Asset funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−0.94%
0.65%
1.59%
₹99,060
₹1,00,650
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Franklin India Multi Asset Allocation Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 31-07-2025 to 30-10-2026: 16 instalments, ₹1,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planFranklin India Multi Asset Allocation Fund (Direct)
₹1,60,000
₹1,58,218
−₹1,782
−1.6%
Regular planFranklin India Multi Asset Allocation Fund (Regular)
₹1,60,000
₹1,56,457
−₹3,543
−3.2%
Category averageCategory average, 37 Multi Asset funds
₹1,60,000
₹1,61,349
₹1,349
1.2%
₹0₹50,000₹1.0 L₹1.5 L₹2.0 L
Direct planFranklin India Multi Asset Allocation Fund (Direct)
Regular planFranklin India Multi Asset Allocation Fund (Regular)
Category averageCategory average, 37 Multi Asset funds
Amount invested
2026
Direct planFranklin India Multi Asset Allocation Fund (Direct)Regular planFranklin India Multi Asset Allocation Fund (Regular)Category averageCategory average, 37 Multi Asset fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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 Multi Asset Allocation Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
65.8%Equity
Asset
Fund
Category
Equity
65.8%
58.2%
Cash and others
22.1%
25.6%
Debt
12.2%
16.2%
Market cap of stocks
Market cap
Fund
Category
Large Cap
46.0%
35.1%
Mid Cap
5.6%
11.8%
Small Cap
14.1%
9.3%
Share of the whole fund. Category: the average of the Multi Asset funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 37 Multi Asset funds.
Rating
Fund
Category
Sovereign
0.5%
5.3%
AAA and A1+
11.6%
8.2%
Franklin India Multi Asset Allocation Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks12.1%
Retailing4.6%
Aerospace & Defense3.4%
Auto Components3.3%
Petroleum Products3.2%
IT - Software3.0%
Pharmaceuticals & Biotechnology2.8%
Consumer Durables2.5%
Healthcare Services2.4%
Power2.3%
The ten largest of 29 sectors. The other 19 add up to 26.3%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
13.0%
12.6%
12.1%
−0.9%
Retailing
4.6%
4.6%
4.6%
0.0%
Aerospace & Defense
3.2%
3.3%
3.4%
+0.2%
Auto Components
2.3%
3.3%
3.3%
+1.0%
Petroleum Products
3.8%
3.7%
3.2%
−0.6%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
Franklin India Multi Asset Allocation Fund Portfolio Holdings
As on 30-09-2026 · 57 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Nippon India ETF Gold Bees
ETFs
14.10%
State Bank of India
Banks
3.33%
0.0%
Nippon India Silver ETF
ETFs
3.25%
HDFC Bank Ltd
Banks
3.21%
−10.7%
ICICI Bank Ltd
Banks
2.90%
0.0%
Axis Bank Ltd
Banks
2.65%
0.0%
Eternal Ltd
Retailing
2.38%
0.0%
Reliance Industries Ltd
Petroleum Products
2.36%
−15.7%
Larsen & Toubro Ltd
Construction
2.24%
0.0%
Knowledge Realty Trust
Realty
2.12%
Hindustan Aeronautics Ltd
Aerospace & Defense
2.10%
0.0%
Ultratech Cement Ltd
Cement & Cement Products
2.09%
0.0%
7.55% Poonawalla Fincorp Ltd (25-Mar-2027) · Bond
CRISIL AAA
2.06%
Bharti Airtel Ltd
Telecom - Services
2.06%
0.0%
Mahindra & Mahindra Ltd
Automobiles
1.98%
0.0%
7.35% Bharti Telecom Ltd (15-Oct-2027) · Bond
CRISIL AAA
1.92%
7.73% LIC Housing Finance LTD (18-MAR-2027) · Bond
CRISIL AAA
1.88%
7.35% Embassy Office Parks Reit (05-Apr-2027) · Bond
CRISIL AAA
1.81%
HCL Technologies Ltd
IT - Software
1.77%
−9.1%
Apollo Hospitals Enterprise Ltd
Healthcare Services
1.75%
0.0%
Syrma SGS Technology Ltd
Industrial Manufacturing
1.74%
−10.0%
Marico Ltd
Agricultural Food & Other Products
1.73%
0.0%
Cipla Ltd
Pharmaceuticals & Biotechnology
1.68%
0.0%
Interglobe Aviation Ltd
Transport Services
1.54%
0.0%
Ashok Leyland Ltd
Agricultural, Commercial & Construction Vehicles
1.53%
0.0%
Tata Steel Ltd
Ferrous Metals
1.47%
+16.8%
Trent Ltd
Retailing
1.46%
0.0%
Britannia Industries Ltd
Food Products
1.44%
0.0%
Tata Power Co Ltd
Power
1.41%
0.0%
Exide Industries Ltd
Auto Components
1.35%
0.0%
8.10% Bajaj Finance Ltd (08-Jan-2027) · Bond
CRISIL AAA
1.34%
Data Patterns India Ltd
Aerospace & Defense
1.25%
0.0%
Infosys Ltd
IT - Software
1.22%
0.0%
Tata Capital Ltd
Finance
1.21%
+8.4%
Pine Labs Ltd
Financial Technology (Fintech)
1.19%
0.0%
360 One Wam Ltd
Capital Markets
1.18%
+4.0%
PG Electroplast Ltd
Consumer Durables
1.18%
0.0%
Hindalco Industries Ltd
Non - Ferrous Metals
1.11%
+10.0%
Eris Lifesciences Ltd
Pharmaceuticals & Biotechnology
1.10%
+4.1%
Tenneco Clean Air India Ltd
Auto Components
1.08%
+9.3%
Chalet Hotels Ltd
Leisure Services
0.98%
0.0%
Titan Co Ltd
Consumer Durables
0.96%
0.0%
6.65% LIC Housing Finance LTD (15-Feb-2027) · Bond
CRISIL AAA
0.94%
7.25% RJ Corp Ltd (08-Dec-2028) · Bond
CRISIL AAA
0.93%
ZF Commercial Vehicle Control Systems India Ltd
Auto Components
0.90%
0.0%
CESC Ltd
Power
0.89%
0.0%
Oil & Natural Gas Corporation Ltd
Oil
0.88%
−4.0%
Bharat Petroleum Corporation Ltd
Petroleum Products
0.85%
0.0%
MedPlus Health Services Ltd
Retailing
0.79%
0.0%
Ge Vernova T&D India Ltd
Electrical Equipment
0.74%
0.0%
7.9265% LIC Housing Finance (14-Jul-2027) · Bond
CARE AAA
0.74%
Elgi Equipments Ltd
Industrial Products
0.71%
New
182 DTB (08-Oct-2026) · Government security
SOVEREIGN
0.54%
Prestige Estates Projects Ltd
Realty
0.44%
0.0%
Metropolis Healthcare Ltd
Healthcare Services
0.42%
+31.3%
Crompton Greaves Consumer Electricals Ltd
Consumer Durables
0.36%
0.0%
Syngene International Ltd
Healthcare Services
0.20%
0.0%
Franklin India Multi Asset Allocation Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC Bank Ltd
↓Reduced
−10.7%
3.21%
Reliance Industries Ltd
↓Reduced
−15.7%
2.36%
HCL Technologies Ltd
↓Reduced
−9.1%
1.77%
Syrma SGS Technology Ltd
↓Reduced
−10.0%
1.74%
Tata Steel Ltd
↑Added
+16.8%
1.47%
360 One Wam Ltd
↑Added
+4.0%
1.18%
Tata Capital Ltd
↑Added
+8.4%
1.21%
PB Fintech Ltd
↓Sold out
−100%
was 1.17%
Hindalco Industries Ltd
↑Added
+10.0%
1.11%
Eris Lifesciences Ltd
↑Added
+4.1%
1.10%
Tenneco Clean Air India Ltd
↑Added
+9.3%
1.08%
Oil & Natural Gas Corporation Ltd
↓Reduced
−4.0%
0.88%
Hindustan Unilever Ltd
↓Sold out
−100%
was 0.82%
Elgi Equipments Ltd
↑New
New
0.71%
Metropolis Healthcare Ltd
↑Added
+31.3%
0.42%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Franklin India Multi Asset Allocation Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
0.55%
Expense ratio (Regular)
1.95%
Category
Multi Asset
Risk
Not available
Launch date
31-07-2025
Minimum investment
5000/1
Minimum additional investment
1000/1
AUM
₹2,766.61 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
153731
ISIN (Direct)
INF090I01YH0
Scheme code (Regular)
153733
ISIN (Regular)
INF090I01YM0
NAV history
From 31-07-2025, 1.2 years
Benchmark
65% Nifty 500+ 20% Nifty Short Duration Index+ 5% Domestic price of gold+ 5% Domestic price of silver+ 5% iCOMDEX
Exit load
<ul style="text-align: justify;"> <li>Upto 10% of the Units may be redeemed without any exit load within 1 year from the date of allotment*.</li> <li>Any redemption in excess of the above limit shall be subject to the following exit load: <ul> <li>0.50 % - if redeemed on or before 1 year from the date of allotment</li> <li>Nil - if redeemed after 1 year from the date of allotment</li> </ul> </li> </ul>
Tax on Franklin India Multi Asset Allocation Fund returns
How the gain is taxed depends on what the fund holds. A fund with 65% or more in Indian stocks is taxed as an equity fund: 20% within 1 year, 12.5% after, on gains above ₹1.25 lakh a year.
A fund with 65% or more in debt is taxed at your slab rate. Any other fund: your slab rate within 2 years, 12.5% after.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹10.5555
30-10-2026
direct
IDCW
₹10.5555
30-10-2026
regular
Growth
₹10.3448
30-10-2026
regular
IDCW
₹10.3448
30-10-2026
About Franklin India Multi Asset Allocation Fund
Franklin India Multi Asset Allocation Fund is a mutual fund from Franklin Templeton Mutual Fund. Its category is Multi Asset. It was launched on 31-07-2025. Its benchmark is 65% Nifty 500+ 20% Nifty Short Duration Index+ 5% Domestic price of gold+ 5% Domestic price of silver+ 5% iCOMDEX. At the end of September 2026 it held 57 securities.
Fund Manager
Janakiraman Rengaraju
Fund manager of Franklin India Multi Asset Allocation Fund, since 31-07-2025
Rajasa Kakulavarapu
Fund manager of Franklin India Multi Asset Allocation Fund, since 31-07-2025
Rohan Maru
Fund manager of Franklin India Multi Asset Allocation Fund, since 31-07-2025
Anuj Tagra
Fund manager of Franklin India Multi Asset Allocation Fund, since 01-10-2026
Sandeep Manam
Fund manager of Franklin India Multi Asset Allocation Fund, since 31-07-2025
Frequently Asked Questions for Franklin India Multi Asset Allocation Fund
What is the current NAV of Franklin India Multi Asset Allocation Fund?
The Direct plan NAV is ₹10.5555. The Regular plan NAV is ₹10.3448, as on 30-10-2026.
What are the returns of Franklin India Multi Asset Allocation Fund?
The Direct plan returned +0.65% in 1 year. The Regular plan returned −0.94% in 1 year. These figures are as on 30-10-2026.
What is the expense ratio of Franklin India Multi Asset Allocation Fund?
The Direct plan charges 0.55% a year. The Regular plan charges 1.95% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.
What is the AUM of Franklin India Multi Asset Allocation Fund?
Franklin India Multi Asset Allocation Fund managed ₹2,766.61 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Franklin India Multi Asset Allocation Fund?
At the end of September 2026 the largest holdings were GOLDBEES (14.10%), SBIN (3.33%), SILVERBEES (3.25%), HDFCBANK (3.21%), ICICIBANK (2.90%). The fund held 57 securities in all.
What did Franklin India Multi Asset Allocation Fund buy and sell in September 2026?
It bought 1 new stock: Elgi Equipments Ltd. It sold out of 2: Hindustan Unilever Ltd, PB Fintech Ltd. It added shares in 7. It reduced 5.
How do I invest in Franklin India Multi Asset Allocation Fund?
Through Franklin Templeton Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least 5000/1. You can invest once or through a monthly SIP.
Who is the fund manager of Franklin India Multi Asset Allocation Fund?
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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