Franklin India Balanced Advantage Fund
Dynamic Asset AllocationVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹14.50+0.28%1 day
- Return since launch
- 9.2%
- 52-week range
- ₹13.45 — ₹14.70
- AUM
- ₹2,687 Cr
Franklin India Balanced Advantage Fund is a Dynamic Asset Allocation hybrid fund from Franklin Templeton Mutual Fund with ₹2,687 Cr under management, launched in 2022. Over three years it has returned 3.7% a year, against 9.3% for its category. The expense ratio is 2.22% and the SEBI riskometer reading is Very High.
Performance
Franklin India Balanced Advantage Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.6% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 2.2% | +0.1 pts | 2.1% | 6.1% |
| 2Y | 2.2% | −2.5 pts | 4.7% | 4.8% |
| 3Y | 3.7% | −5.5 pts | 9.3% | 5.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 4.4% | −0.9 pts | 5.3% | 5.3% |
| 3M | -1.0% | −1.3 pts | 0.3% | 0.5% |
| 6M | 2.4% | −1.7 pts | 4.2% | 4.3% |
| 1Y | -0.3% | −2.4 pts | 2.1% | 2.4% |
| 2Y | 2.5% | −1.0 pts | 3.5% | 3.8% |
| 3Y | 8.4% | −0.8 pts | 9.3% | 8.9% |
Since launch (16 Aug 2022): 9.2%
Calendar-year returns
Category average19.0%
15.2%
4.2%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 4.2% | −2.4 pts | 6.7% |
| 2024 | 15.2% | +1.0 pts | 14.2% |
| 2023 | 19.0% | −1.0 pts | 20.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.22%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.69%
- Brokerage
- 0.06%
- Transaction charges
- 0.01%
- Statutory levies
- 0.46%
- Exit load
- Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 50 Hybrid Composite Debt 50:50 Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | 1.25 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.23 | 0.48 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.29 | 0.63 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 8.29 | 10.86 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Franklin India Balanced Advantage Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity63.9%
- Debt30.7%
- Other5.4%
Market cap split
- Large57.0%
- Mid18.8%
- Small24.1%
- P/E
- 27.95
- P/B
- 3.82
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 6.17% | ₹166 Cr | +22.26% | +19.29% | +49.46% |
| Jubilant Bevco Ltd. | Consumer Staples | 4.98% | ₹134 Cr | +4.69% | +4.85% | +4.49% |
| Jubilant Beverages Ltd. | Consumer Staples | 3.09% | ₹83.11 Cr | +2.92% | +3.01% | +2.94% |
| HDFC Bank Ltd. | Financial | 2.75% | ₹73.90 Cr | -1.05% | -2.74% | -3.33% |
| Axis Bank Ltd. | Financial | 2.62% | ₹70.50 Cr | -0.15% | +2.92% | -0.59% |
| State Bank of India | Financial | 2.50% | ₹67.17 Cr | +2.99% | +3.01% | -0.12% |
| ICICI Bank Ltd. | Financial | 2.47% | ₹66.29 Cr | -1.72% | -0.64% | -3.09% |
| Bharti Telecom Ltd. | Communication | 2.22% | ₹59.65 Cr | +1.92% | +1.98% | +2.02% |
| Mahindra & Mahindra Ltd. | Automobile | 2.09% | ₹56.05 Cr | +1.76% | +1.60% | +1.11% |
| RJ Corp Ltd. | Consumer Staples | 2.07% | ₹55.72 Cr | +1.96% | +2.02% | — |
| Eternal Ltd. | Services | 2.01% | ₹54.14 Cr | -0.21% | -0.10% | -0.13% |
| Bharat Electronics Ltd. | Capital Goods | 1.95% | ₹52.42 Cr | -0.27% | -0.22% | -0.50% |
| Poonawalla Fincorp Ltd. | Financial | 1.92% | ₹51.57 Cr | +1.80% | +2.01% | +1.86% |
| Summit Digitel Infrastructure Pvt. Ltd. | Communication | 1.89% | ₹50.88 Cr | +1.84% | +1.92% | +1.88% |
| Larsen & Toubro Ltd. | Construction | 1.89% | ₹50.70 Cr | -1.40% | -0.83% | -1.39% |
| Bharti Airtel Ltd. | Communication | 1.89% | ₹50.65 Cr | -3.87% | -2.87% | -3.71% |
| Reliance Industries Ltd. | Energy | 1.55% | ₹41.51 Cr | -0.92% | -0.76% | -2.17% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 1.43% | ₹38.42 Cr | +1.64% | +0.95% | +0.38% |
| Tata Power Company Ltd. | Energy | 1.34% | ₹35.90 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 1.32% | ₹35.39 Cr | -0.17% | +1.18% | +0.94% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 1.31% | ₹35.24 Cr | +1.51% | +1.21% | +0.52% |
| Ultratech Cement Ltd. | Materials | 1.30% | ₹35.05 Cr | -1.54% | -1.14% | -1.69% |
| Dhoot Transmission Ltd. | Capital Goods | 1.28% | ₹34.33 Cr | — | — | — |
| RBL Bank Ltd. | Financial | 1.28% | ₹34.28 Cr | — | — | — |
| Ashok Leyland Ltd. | Automobile | 1.26% | ₹33.92 Cr | +0.98% | +0.96% | — |
| Britannia Industries Ltd. | Consumer Staples | 1.26% | ₹33.81 Cr | +1.19% | +1.22% | — |
| Cipla Ltd. | Healthcare | 1.25% | ₹33.65 Cr | +1.17% | — | — |
| Global Health Ltd. | Healthcare | 1.22% | ₹32.76 Cr | +0.90% | — | — |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.22% | ₹32.75 Cr | +0.76% | — | — |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 1.17% | ₹31.45 Cr | — | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 1.15% | ₹30.83 Cr | — | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.15% | ₹30.81 Cr | +1.08% | — | — |
| Marico Ltd. | Consumer Staples | 1.14% | ₹30.65 Cr | +1.23% | +1.19% | +0.78% |
| Infosys Ltd. | Technology | 1.13% | ₹30.42 Cr | +1.45% | +1.93% | -0.83% |
| Power Finance Corporation Ltd. | Financial | 1.13% | ₹30.35 Cr | +1.09% | +1.11% | +1.13% |
| Metropolis Healthcare Ltd. | Healthcare | 1.11% | ₹29.95 Cr | +1.08% | +0.92% | +0.75% |
| Pine Labs Ltd. | Financial | 1.09% | ₹29.20 Cr | +0.63% | — | — |
| The Phoenix Mills Ltd. | Construction | 1.08% | ₹29.03 Cr | +1.23% | +1.13% | — |
| TVS Motor Company Ltd. | Automobile | 1.07% | ₹28.74 Cr | — | — | — |
| Astral Ltd. | Materials | 1.02% | ₹27.41 Cr | — | — | — |
| SBI Funds Management Ltd. | Financial | 1.00% | ₹26.83 Cr | — | — | — |
| Exide Industries Ltd. | Capital Goods | 1.00% | ₹26.82 Cr | +0.69% | — | — |
| Tata Steel Ltd. | Metals & Mining | 0.98% | ₹26.41 Cr | -0.97% | -0.68% | -0.99% |
| TBO Tek Ltd. | Services | 0.97% | ₹26.03 Cr | — | — | — |
| National Bank For Agriculture & Rural Development | Financial | 0.96% | ₹25.87 Cr | +0.91% | +0.59% | +0.96% |
| 360 One Wam Ltd. | Financial | 0.96% | ₹25.75 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 0.95% | ₹25.58 Cr | +1.26% | — | — |
| Hyundai Motor India Ltd. | Automobile | 0.94% | ₹25.39 Cr | — | — | — |
| Asian Paints Ltd. | Materials | 0.94% | ₹25.23 Cr | +0.84% | — | — |
| Embassy Office Parks REIT | Construction | 0.92% | ₹24.78 Cr | +0.88% | +0.93% | +1.63% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.92% | ₹24.65 Cr | +0.86% | +0.84% | +0.51% |
| Timken India Ltd. | Capital Goods | 0.90% | ₹24.12 Cr | — | — | — |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.89% | ₹23.98 Cr | +0.52% | — | — |
| Uttarakhand State | Others | 0.89% | ₹23.83 Cr | +0.85% | +0.90% | — |
| Angel One Ltd. | Financial | 0.87% | ₹23.29 Cr | +0.47% | +0.43% | +0.15% |
| Multi Commodity Exchange Of India Ltd. | Services | 0.86% | ₹23.10 Cr | — | — | — |
| Eris Lifesciences Ltd. | Healthcare | 0.84% | ₹22.52 Cr | +0.84% | +0.73% | +0.74% |
| Data Patterns (India) Ltd. | Capital Goods | 0.80% | ₹21.43 Cr | — | — | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.79% | ₹21.35 Cr | +0.85% | +0.81% | +0.86% |
| Suzlon Energy Ltd. | Capital Goods | 0.76% | ₹20.34 Cr | +0.77% | — | — |
| Punjab State | Others | 0.75% | ₹20.24 Cr | +0.92% | +0.95% | — |
| Reserve Bank of India | Financial | 0.74% | ₹19.90 Cr | — | — | — |
| Emmvee Photovoltaic Power Ltd. | Energy | 0.71% | ₹19.06 Cr | +0.04% | — | — |
| Aptus Value Housing Finance India Ltd. | Financial | 0.61% | ₹16.28 Cr | — | — | — |
| PB Fintech Ltd. | Services | 0.59% | ₹15.96 Cr | -0.06% | -0.07% | -0.08% |
| Bihar State | Others | 0.59% | ₹15.87 Cr | +0.56% | +0.60% | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.40% | ₹10.71 Cr | +0.49% | +0.54% | +0.50% |
| India Infrastructure Finance Company Ltd. | Construction | 0.40% | ₹10.65 Cr | +0.37% | +0.39% | +0.39% |
| Kerala State | Others | 0.23% | ₹6.30 Cr | +0.01% | +0.01% | +0.01% |
| REC Ltd. | Financial | 0.19% | ₹5.02 Cr | +0.84% | +1.47% | +1.41% |
| GOI | Sovereign | 0.18% | ₹4.94 Cr | +0.17% | +0.19% | +0.18% |
| Himachal Pradesh State | Others | 0.16% | ₹4.34 Cr | — | — | — |
| Maharashtra State | Others | 0.05% | ₹1.30 Cr | +1.15% | +1.41% | — |
| Chhattisgarh State | Others | 0.02% | ₹0.51 Cr | +0.02% | +0.02% | +0.02% |
| West Bengal State | Others | 0.02% | ₹0.48 Cr | +0.02% | +0.02% | +0.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Maharashtra State | 1.33% | 0.05% | -1.28% |
| TVS Motor Company Ltd. | 0.00% | 1.07% | +1.07% |
| Others | 5.31% | 4.31% | -1.00% |
| Data Patterns (India) Ltd. | 0.00% | 0.80% | +0.80% |
| Hindustan Aeronautics Ltd. | 0.68% | 0.00% | -0.68% |
| REC Ltd. | 0.86% | 0.19% | -0.67% |
| Bharti Airtel Ltd. | -1.80% | -1.16% | +0.64% |
| Astral Ltd. | 0.39% | 1.02% | +0.63% |
| CESC Ltd. | 0.61% | 0.00% | -0.61% |
| PB Fintech Ltd. | 1.00% | 0.59% | -0.40% |
| 360 One Wam Ltd. | 0.62% | 0.96% | +0.33% |
| company:4842 | -0.31% | 0.00% | +0.31% |
| Dixon Technologies (India) Ltd. | 0.95% | 1.22% | +0.27% |
| Jubilant Bevco Ltd. | 4.71% | 4.98% | +0.27% |
| Dr. Reddy's Laboratories Ltd. | 0.92% | 1.15% | +0.23% |
| Exide Industries Ltd. | 0.78% | 1.00% | +0.22% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.59% | 0.40% | -0.19% |
| Kirloskar Oil Engines Ltd. | 1.24% | 1.43% | +0.19% |
| SEDEMAC Mechatronics Ltd. | 0.99% | 1.17% | +0.19% |
| Jubilant Beverages Ltd. | 2.93% | 3.09% | +0.16% |
| Hyundai Motor India Ltd. | 0.78% | 0.94% | +0.16% |
| Bharat Electronics Ltd. | 1.81% | 1.95% | +0.14% |
| Punjab State | 0.90% | 0.75% | -0.14% |
| Reserve Bank of India | 0.88% | 0.74% | -0.14% |
| Global Health Ltd. | 1.08% | 1.22% | +0.13% |
| RBL Bank Ltd. | 1.15% | 1.28% | +0.13% |
| Cipla Ltd. | 1.12% | 1.25% | +0.13% |
| State Bank of India | 2.63% | 2.50% | -0.13% |
| Mahindra & Mahindra Ltd. | 2.21% | 2.09% | -0.12% |
| Cholamandalam Investment and Finance Company Ltd. | 1.43% | 1.31% | -0.12% |
| Emmvee Photovoltaic Power Ltd. | 0.59% | 0.71% | +0.12% |
| Suzlon Energy Ltd. | 0.87% | 0.76% | -0.11% |
| Tata Power Company Ltd. | 1.23% | 1.34% | +0.11% |
| Poonawalla Fincorp Ltd. | 1.81% | 1.92% | +0.10% |
| RJ Corp Ltd. | 1.97% | 2.07% | +0.10% |
| Pine Labs Ltd. | 0.99% | 1.09% | +0.10% |
| Infosys Ltd. | 1.23% | 1.13% | -0.10% |
| Asian Paints Ltd. | 0.85% | 0.94% | +0.09% |
| Summit Digitel Infrastructure Pvt. Ltd. | 1.80% | 1.89% | +0.09% |
| Ashok Leyland Ltd. | 1.18% | 1.26% | +0.08% |
| Dhoot Transmission Ltd. | 1.20% | 1.28% | +0.07% |
| Lenskart Solutions Ltd. | 0.82% | 0.89% | +0.07% |
| The Phoenix Mills Ltd. | 1.01% | 1.08% | +0.07% |
| Amber Enterprises India Ltd. | 0.86% | 0.79% | -0.07% |
| Mahindra & Mahindra Financial Services Ltd. | 1.08% | 1.15% | +0.06% |
| ICICI Lombard General Insurance Company Ltd. | 0.86% | 0.92% | +0.06% |
| Power Finance Corporation Ltd. | 1.08% | 1.13% | +0.05% |
| Bharti Telecom Ltd. | 0.96% | 1.01% | +0.05% |
| National Bank For Agriculture & Rural Development | 0.91% | 0.96% | +0.05% |
| Britannia Industries Ltd. | 1.21% | 1.26% | +0.05% |
| Eternal Ltd. | 1.97% | 2.01% | +0.05% |
| Bajaj Finance Ltd. | 0.90% | 0.95% | +0.05% |
| Tata Steel Ltd. | 0.94% | 0.98% | +0.05% |
| Lemon Tree Hotels Ltd. | 0.04% | 0.00% | -0.04% |
| ICICI Bank Ltd. | -0.91% | -0.87% | +0.04% |
| TBO Tek Ltd. | 0.93% | 0.97% | +0.04% |
| Timken India Ltd. | 0.86% | 0.90% | +0.04% |
| Uttarakhand State | 0.85% | 0.89% | +0.04% |
| SBI Funds Management Ltd. | 0.96% | 1.00% | +0.04% |
| Embassy Office Parks REIT | 0.89% | 0.92% | +0.03% |
| HDFC Bank Ltd. | -0.60% | -0.64% | -0.03% |
| Eris Lifesciences Ltd. | 0.87% | 0.84% | -0.03% |
| Metropolis Healthcare Ltd. | 1.14% | 1.11% | -0.03% |
| Axis Bank Ltd. | 2.65% | 2.62% | -0.02% |
| Bihar State | 0.57% | 0.59% | +0.02% |
| India Infrastructure Finance Company Ltd. | 0.38% | 0.40% | +0.02% |
| Multi Commodity Exchange Of India Ltd. | 0.84% | 0.86% | +0.02% |
| Larsen & Toubro Ltd. | -0.65% | -0.64% | +0.02% |
| Aptus Value Housing Finance India Ltd. | 0.62% | 0.61% | -0.01% |
| Reliance Industries Ltd. | -0.29% | -0.28% | +0.01% |
| GOI | 0.17% | 0.18% | +0.01% |
| Kerala State | 0.23% | 0.23% | +0.01% |
| Marico Ltd. | 1.13% | 1.14% | +0.01% |
| Ultratech Cement Ltd. | -0.74% | -0.73% | +0.01% |
| Himachal Pradesh State | 0.15% | 0.16% | +0.01% |
| Angel One Ltd. | 0.86% | 0.87% | 0.00% |
| Interglobe Aviation Ltd. | 1.32% | 1.32% | 0.00% |
| Chhattisgarh State | 0.02% | 0.02% | 0.00% |
| West Bengal State | 0.02% | 0.02% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹18,271 Cr | 2.11% | 7.3% | 6.9% | 10.2% |
 ICICI Prudential Balanced Advantage Fund | ₹71,892 Cr | 1.52% | 8.8% | 8.6% | 10.5% |
 Aditya Birla Sun Life Balanced Advantage Fund | ₹9,847 Cr | 1.96% | 10.5% | 8.9% | 10.5% |
 Baroda BNP Paribas Balanced Advantage Fund | ₹5,162 Cr | 2.04% | 7.8% | 7.7% | 10.4% |
 Axis Balanced Advantage Fund | ₹3,643 Cr | 2.18% | 7.4% | 6.8% | 9.7% |
 Quant Dynamic Asset Allocation Fund | ₹810 Cr | 2.84% | 2.0% | 2.5% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate long-term capital appreciation and income generation by investing in a dynamically managed portfolio of equity & equity related instruments and fixed income and money market instruments.
Fund managers
- Anuj TagraMr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management StudiesPrior to joining Franklin India Mutual Fund, he has worked with ICICI Prudential AMC, Union Bank of India and Fidelity Investments.
- Chandni GuptaShe holds B.E. degree in IT and CFA degree from CFA Institute, USA.Prior to joining Franklin India Mutual Fund, she has worked with ICICI Prudential Asset Management Company Limited Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.
- Rahul GoswamiMr. Goswami is a B. Sc (Mathematics and MBA (Finance)Prior to joining Franklin Templeton Mutual Fund, he has worked with ICICI Prudential AMC , UTI Bank Ltd. and Franklin Templeton Asset Management Pvt. Ltd.
- Rajasa KakulavarapuMs. Kakulavarapu has done B.Tech and MBA.Prior to joining Franklin Templeton Mutual Fund, she has worked with Jefferies India Pvt. Ltd. and Credit Suisse Securities (India) Pvt. Ltd.
- Venkatesh SanjeeviMr. Sanjeevi is a PGDM (IIM- Ahmedabad), CA, B.ComPrior to joining Franklin Templeton Asset Management (India) Pvt. Ltd., he has worked with Pictet Asset Management, London, ICICI Prudential AMC, Edelweiss Asset Mgmt. Ltd., Edelweiss Securities Ltd. and Hindustan Unilever Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.41% absolute | ₹60,000 | ₹61,446 | 2.41% | |
| 1 year−0.31% annualised | ₹1,20,000 | ₹1,19,799 | −0.17% | |
| 3 years8.42% annualised | ₹3,60,000 | ₹4,10,796 | 14.11% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Franklin India Balanced Advantage Fund?
The NAV of Franklin India Balanced Advantage Fund is ₹14.50 as on 9 Nov 2026.
What is the expense ratio of Franklin India Balanced Advantage Fund?
The expense ratio of Franklin India Balanced Advantage Fund is 2.22% per year.
What is the minimum SIP amount for Franklin India Balanced Advantage Fund?
You can start a SIP in Franklin India Balanced Advantage Fund with ₹3,000 a month.
Is there a lock-in or exit load on Franklin India Balanced Advantage Fund?
Lock-in: None. Exit load: Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 1 year..
How risky is Franklin India Balanced Advantage Fund?
Franklin India Balanced Advantage Fund is rated Very High on the SEBI riskometer and belongs to the Dynamic Asset Allocation category.
Which fund house manages Franklin India Balanced Advantage Fund?
Franklin India Balanced Advantage Fund is managed by Franklin Templeton Mutual Fund, which runs 38 schemes with ₹1,34,155 Cr under management.