Franklin India Mid Cap Fund
- NAV as on 24 Sep 2026
- ₹2,750.02-2.37%1 day
- Return since launch
- 18.6%
- 52-week range
- ₹2,392.22 — ₹2,890.63
- AUM
- ₹13,052 Cr
Franklin India Mid Cap Fund is a Mid Cap equity fund from Franklin Templeton Mutual Fund with ₹13,052 Cr under management, launched in 1993. Over three years it has returned 6.3% a year, against 15.7% for its category. The expense ratio is 1.88% and the SEBI riskometer reading is Very High.
Performance
Franklin India Mid Cap Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.2% against +5.2% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 1.2% | −5.2 pts | 6.4% | 6.0% |
| 2Y | 2.1% | −5.0 pts | 7.2% | 6.3% |
| 3Y | 6.3% | −9.4 pts | 15.7% | 8.5% |
| 5Y | 13.3% | −0.8 pts | 14.1% | 14.1% |
| 7Y | 16.3% | −2.2 pts | 18.5% | 17.4% |
| 10Y | 14.8% | −0.3 pts | 15.1% | 15.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.8% | −1.1 pts | -3.7% | -4.0% |
| 3M | -0.1% | −0.7 pts | 0.6% | -0.0% |
| 6M | 9.7% | −3.6 pts | 13.3% | 11.8% |
| 1Y | 1.2% | −5.2 pts | 6.4% | 5.2% |
| 2Y | -1.6% | −2.5 pts | 0.9% | 0.4% |
| 3Y | 14.5% | −1.2 pts | 15.7% | 14.5% |
| 5Y | 12.1% | −2.0 pts | 14.1% | 13.3% |
| 7Y | 16.6% | −3.1 pts | 19.7% | 18.2% |
| 10Y | 13.4% | −1.7 pts | 15.1% | 13.9% |
Since launch (30 Oct 1993): 18.6%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 1.6% | −1.4 pts | 3.1% |
| 2024 | 31.5% | +1.2 pts | 30.3% |
| 2023 | 36.8% | −1.9 pts | 38.7% |
| 2022 | 2.2% | −1.6 pts | 3.8% |
| 2021 | 32.6% | −13.2 pts | 45.8% |
| 2020 | 17.8% | −7.7 pts | 25.5% |
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
1.91%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.47%
- Brokerage
- 0.06%
- Transaction charges
- 0.00%
- Statutory levies
- 0.38%
- Exit load
- Exit load of 1% if redeemed within 1 year
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Midcap 150 TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
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 | -0.10 | 5.13 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.94 | 0.99 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.64 | 0.91 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.83 | 1.17 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.05 | 18.53 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Franklin India Mid Cap Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity94.9%
- Debt0.4%
- Other4.7%
Market cap split
- Large10.5%
- Mid70.6%
- Small19.0%
- P/E
- 35.13
- P/B
- 3.94
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 4.92% | ₹642 Cr | +15.19% | +15.88% | +9.20% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 2.90% | ₹379 Cr | +1.42% | +1.46% | +1.47% |
| Biocon Ltd. | Healthcare | 2.56% | ₹334 Cr | +2.18% | +2.28% | +1.67% |
| The Federal Bank Ltd. | Financial | 2.50% | ₹326 Cr | +2.44% | +2.69% | +3.00% |
| IDFC First Bank Ltd. | Financial | 2.43% | ₹317 Cr | +2.15% | +1.87% | +1.22% |
| PB Fintech Ltd. | Services | 2.40% | ₹313 Cr | +1.46% | +1.26% | +1.88% |
| Coforge Ltd. | Technology | 2.17% | ₹283 Cr | +1.68% | +1.17% | +1.71% |
| APL Apollo Tubes Ltd. | Metals & Mining | 2.04% | ₹267 Cr | +1.80% | +2.17% | +1.96% |
| Prestige Estates Projects Ltd. | Construction | 2.04% | ₹266 Cr | +1.83% | +1.84% | +2.08% |
| Balkrishna Industries Ltd. | Automobile | 1.96% | ₹256 Cr | +2.12% | +1.35% | +0.93% |
| Ashok Leyland Ltd. | Automobile | 1.96% | ₹256 Cr | +1.57% | +1.74% | +0.62% |
| Mankind Pharma Ltd. | Healthcare | 1.91% | ₹249 Cr | +2.00% | +0.87% | — |
| Swiggy Ltd. | Services | 1.78% | ₹233 Cr | +1.36% | +1.12% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.69% | ₹221 Cr | +1.97% | +0.89% | +0.73% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.66% | ₹216 Cr | +1.28% | +1.16% | +1.30% |
| Ipca Laboratories Ltd. | Healthcare | 1.56% | ₹203 Cr | +1.84% | +1.83% | +1.86% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.55% | ₹203 Cr | +1.90% | +2.00% | +1.28% |
| Tube Investments Of India Ltd. | Automobile | 1.53% | ₹199 Cr | +2.15% | +1.48% | +1.31% |
| One97 Communications Ltd. | Services | 1.52% | ₹198 Cr | — | — | — |
| Shree Cement Ltd. | Materials | 1.49% | ₹194 Cr | +1.73% | +1.45% | — |
| Havells India Ltd. | Capital Goods | 1.48% | ₹194 Cr | +1.31% | +1.05% | — |
| Deepak Nitrite Ltd. | Chemicals | 1.47% | ₹192 Cr | +1.51% | +1.41% | +1.61% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.47% | ₹192 Cr | +1.84% | +2.25% | +1.55% |
| Poonawalla Fincorp Ltd. | Financial | 1.46% | ₹191 Cr | +1.13% | — | — |
| Timken India Ltd. | Capital Goods | 1.45% | ₹190 Cr | +1.67% | +1.09% | +0.59% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 1.43% | ₹187 Cr | — | — | — |
| HDB Financial Services Ltd. | Financial | 1.42% | ₹185 Cr | +1.20% | +0.70% | +0.78% |
| Astral Ltd. | Materials | 1.39% | ₹182 Cr | +1.05% | +1.05% | +0.75% |
| Tata Steel Ltd. | Metals & Mining | 1.39% | ₹182 Cr | +1.68% | +1.87% | +1.49% |
| Equitas Small Finance Bank Ltd. | Financial | 1.34% | ₹174 Cr | +1.35% | +1.23% | +0.97% |
| State Bank of India | Financial | 1.29% | ₹168 Cr | +1.25% | +1.30% | +0.87% |
| Emmvee Photovoltaic Power Ltd. | Energy | 1.28% | ₹167 Cr | +1.53% | +0.91% | — |
| Mphasis Ltd. | Technology | 1.28% | ₹166 Cr | +2.14% | +2.15% | +2.40% |
| Max Financial Services Ltd. | Financial | 1.27% | ₹166 Cr | +1.45% | +1.85% | +2.21% |
| MTAR Technologies Ltd. | Capital Goods | 1.27% | ₹166 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.20% | ₹157 Cr | +1.34% | +1.17% | — |
| Suzlon Energy Ltd. | Capital Goods | 1.18% | ₹154 Cr | +1.33% | +0.35% | +0.46% |
| Tata Communications Ltd. | Communication | 1.17% | ₹152 Cr | +1.42% | +1.15% | +0.93% |
| company:20371 | Services | 1.15% | ₹151 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 1.13% | ₹148 Cr | +0.88% | +1.21% | +1.02% |
| Escorts Kubota Ltd. | Automobile | 1.13% | ₹148 Cr | +1.15% | +1.43% | +1.39% |
| Godrej Properties Ltd. | Construction | 1.12% | ₹146 Cr | +1.05% | +1.02% | +0.76% |
| K.P.R. Mill Ltd. | Textiles | 1.08% | ₹141 Cr | +0.95% | +0.87% | +0.97% |
| Hexaware Technologies Ltd. | Technology | 1.06% | ₹139 Cr | +1.04% | +0.73% | +0.62% |
| PNB Housing Finance Ltd. | Financial | 1.06% | ₹138 Cr | +1.18% | +0.94% | +0.86% |
| RBL Bank Ltd. | Financial | 1.05% | ₹137 Cr | — | — | — |
| Jubilant FoodWorks Ltd. | Services | 1.02% | ₹133 Cr | +0.94% | +0.77% | +0.94% |
| 360 One Wam Ltd. | Financial | 1.02% | ₹133 Cr | +0.57% | — | — |
| INDO-MIM Ltd. | Capital Goods | 1.01% | ₹131 Cr | — | — | — |
| JK Cement Ltd. | Materials | 0.98% | ₹128 Cr | +1.42% | +1.55% | +1.91% |
| Trent Ltd. | Services | 0.97% | ₹127 Cr | +1.02% | +0.93% | +1.27% |
| Max Healthcare Institute Ltd. | Healthcare | 0.96% | ₹125 Cr | +1.11% | +0.73% | +1.25% |
| Exide Industries Ltd. | Capital Goods | 0.95% | ₹123 Cr | +0.89% | +0.76% | +0.79% |
| company:3798 | Materials | 0.93% | ₹121 Cr | — | — | — |
| Aster DM Quality Care Ltd. | Healthcare | 0.93% | ₹121 Cr | +1.06% | +1.28% | +1.18% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.88% | ₹115 Cr | +1.47% | +1.34% | +1.72% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.87% | ₹113 Cr | +1.00% | +1.10% | +1.10% |
| Tata Power Company Ltd. | Energy | 0.85% | ₹111 Cr | +1.10% | +0.98% | +0.67% |
| Emami Ltd. | Consumer Staples | 0.83% | ₹108 Cr | +0.97% | +1.12% | +1.56% |
| The Phoenix Mills Ltd. | Construction | 0.81% | ₹106 Cr | +1.64% | +1.52% | +1.39% |
| Angel One Ltd. | Financial | 0.78% | ₹102 Cr | +0.98% | +0.38% | +0.36% |
| company:12612 | Services | 0.78% | ₹102 Cr | — | — | — |
| Indus Towers Ltd. | Communication | 0.78% | ₹101 Cr | +0.94% | +1.27% | +0.81% |
| Oberoi Realty Ltd. | Construction | 0.77% | ₹99.91 Cr | +1.36% | +1.20% | +1.28% |
| Bharti Hexacom Ltd. | Communication | 0.76% | ₹98.58 Cr | +0.96% | +1.03% | +1.71% |
| Motherson Sumi Wiring India Ltd. | Automobile | 0.74% | ₹96.41 Cr | +0.83% | +0.92% | +0.89% |
| ITC Hotels Ltd. | Services | 0.74% | ₹95.95 Cr | +0.76% | +0.74% | +1.01% |
| The Ramco Cements Ltd. | Materials | 0.72% | ₹94.28 Cr | +0.76% | +0.98% | +1.33% |
| PI Industries Ltd. | Chemicals | 0.68% | ₹88.86 Cr | +0.85% | +0.95% | +1.13% |
| Page Industries Ltd. | Textiles | 0.66% | ₹85.92 Cr | +1.51% | +1.26% | +1.39% |
| company:896 | Financial | 0.63% | ₹81.87 Cr | — | — | — |
| Kajaria Ceramics Ltd. | Materials | 0.58% | ₹76.31 Cr | +0.65% | +0.38% | +0.49% |
| City Union Bank Ltd. | Financial | 0.54% | ₹71.01 Cr | +0.49% | +0.54% | +1.06% |
| SRF Ltd. | Chemicals | 0.51% | ₹66.16 Cr | +1.63% | +1.52% | +1.23% |
| company:15709 | Chemicals | 0.50% | ₹65.71 Cr | — | — | — |
| Coromandel International Ltd. | Chemicals | 0.48% | ₹62.44 Cr | +0.83% | +1.04% | +1.45% |
| Siemens Energy India Ltd. | Energy | 0.27% | ₹35.62 Cr | +1.38% | +1.04% | +0.62% |
| JSW Infrastructure Ltd. | Services | 0.20% | ₹26.55 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.19% | ₹24.77 Cr | +0.20% | +0.20% | +0.20% |
| Procter & Gamble Hygiene and Health Care Ltd. | Consumer Staples | 0.07% | ₹8.60 Cr | +0.96% | +0.95% | +0.95% |
| HDFC Bank Ltd. | Financial | 0.01% | ₹1.39 Cr | +2.55% | +2.80% | +3.02% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 1.22% | -0.71% | -1.93% |
| Others | 2.13% | 0.71% | -1.42% |
| company:20371 | 0.00% | 1.15% | +1.15% |
| One97 Communications Ltd. | 0.52% | 1.52% | +1.00% |
| company:3798 | 0.00% | 0.93% | +0.93% |
| Container Corporation Of India Ltd. | 0.81% | 0.00% | -0.81% |
| company:12612 | 0.00% | 0.78% | +0.78% |
| SRF Ltd. | 1.24% | 0.51% | -0.73% |
| Lenskart Solutions Ltd. | 0.80% | 1.43% | +0.64% |
| company:896 | 0.00% | 0.63% | +0.63% |
| Siemens Energy India Ltd. | 0.80% | 0.27% | -0.53% |
| Mahindra & Mahindra Financial Services Ltd. | 1.99% | 1.47% | -0.52% |
| Mphasis Ltd. | 1.79% | 1.28% | -0.52% |
| company:15709 | 0.00% | 0.50% | +0.50% |
| Coromandel International Ltd. | 0.93% | 0.48% | -0.45% |
| PB Fintech Ltd. | 1.99% | 2.40% | +0.41% |
| Crompton Greaves Consumer Electricals Ltd. | 1.29% | 0.88% | -0.41% |
| APL Apollo Tubes Ltd. | 1.70% | 2.04% | +0.35% |
| Page Industries Ltd. | 0.99% | 0.66% | -0.33% |
| Hindustan Aeronautics Ltd. | 2.02% | 1.69% | -0.33% |
| Balkrishna Industries Ltd. | 2.26% | 1.96% | -0.29% |
| Kalyan Jewellers India Ltd. | 3.19% | 2.90% | -0.29% |
| Tube Investments Of India Ltd. | 1.79% | 1.53% | -0.26% |
| Dixon Technologies (India) Ltd. | 1.92% | 1.66% | -0.26% |
| HDB Financial Services Ltd. | 1.18% | 1.42% | +0.24% |
| Max Healthcare Institute Ltd. | 1.20% | 0.96% | -0.24% |
| Bharti Hexacom Ltd. | 0.98% | 0.76% | -0.23% |
| Ipca Laboratories Ltd. | 1.78% | 1.56% | -0.23% |
| JK Cement Ltd. | 1.21% | 0.98% | -0.23% |
| MTAR Technologies Ltd. | 1.05% | 1.27% | +0.22% |
| Procter & Gamble Hygiene and Health Care Ltd. | 0.28% | 0.07% | -0.22% |
| Shree Cement Ltd. | 1.69% | 1.49% | -0.21% |
| The Federal Bank Ltd. | 2.69% | 2.50% | -0.19% |
| Aster DM Quality Care Ltd. | 1.11% | 0.93% | -0.18% |
| Astral Ltd. | 1.25% | 1.39% | +0.14% |
| Billionbrains Garage Ventures Ltd. | 1.34% | 1.20% | -0.14% |
| Biocon Ltd. | 2.68% | 2.56% | -0.12% |
| PI Industries Ltd. | 0.80% | 0.68% | -0.12% |
| The Phoenix Mills Ltd. | 0.93% | 0.81% | -0.12% |
| Jubilant FoodWorks Ltd. | 0.91% | 1.02% | +0.11% |
| K.P.R. Mill Ltd. | 0.98% | 1.08% | +0.10% |
| INDO-MIM Ltd. | 0.90% | 1.01% | +0.10% |
| Tata Power Company Ltd. | 0.95% | 0.85% | -0.10% |
| Kajaria Ceramics Ltd. | 0.68% | 0.58% | -0.09% |
| Oberoi Realty Ltd. | 0.86% | 0.77% | -0.09% |
| Emami Ltd. | 0.92% | 0.83% | -0.09% |
| PNB Housing Finance Ltd. | 1.15% | 1.06% | -0.09% |
| Motherson Sumi Wiring India Ltd. | 0.83% | 0.74% | -0.09% |
| Ashok Leyland Ltd. | 1.88% | 1.96% | +0.08% |
| ICICI Lombard General Insurance Company Ltd. | 1.63% | 1.55% | -0.08% |
| Hindustan Petroleum Corporation Ltd. | 0.94% | 0.87% | -0.07% |
| Mankind Pharma Ltd. | 1.97% | 1.91% | -0.07% |
| Godrej Properties Ltd. | 1.19% | 1.12% | -0.07% |
| Swiggy Ltd. | 1.72% | 1.78% | +0.07% |
| Tata Steel Ltd. | 1.45% | 1.39% | -0.06% |
| Bharat Electronics Ltd. | 1.08% | 1.13% | +0.06% |
| Havells India Ltd. | 1.43% | 1.48% | +0.06% |
| Trent Ltd. | 1.03% | 0.97% | -0.06% |
| Deepak Nitrite Ltd. | 1.42% | 1.47% | +0.05% |
| Escorts Kubota Ltd. | 1.18% | 1.13% | -0.05% |
| City Union Bank Ltd. | 0.50% | 0.54% | +0.05% |
| Max Financial Services Ltd. | 1.23% | 1.27% | +0.04% |
| The Ramco Cements Ltd. | 0.76% | 0.72% | -0.04% |
| Angel One Ltd. | 0.83% | 0.78% | -0.04% |
| Equitas Small Finance Bank Ltd. | 1.38% | 1.34% | -0.04% |
| Tata Communications Ltd. | 1.21% | 1.17% | -0.04% |
| Exide Industries Ltd. | 0.98% | 0.95% | -0.03% |
| Suzlon Energy Ltd. | 1.21% | 1.18% | -0.03% |
| Hexaware Technologies Ltd. | 1.09% | 1.06% | -0.03% |
| State Bank of India | 1.26% | 1.29% | +0.02% |
| ITC Hotels Ltd. | 0.76% | 0.74% | -0.02% |
| 360 One Wam Ltd. | 1.00% | 1.02% | +0.02% |
| Poonawalla Fincorp Ltd. | 1.48% | 1.46% | -0.02% |
| Timken India Ltd. | 1.47% | 1.45% | -0.02% |
| Indus Towers Ltd. | 0.79% | 0.78% | -0.02% |
| Emmvee Photovoltaic Power Ltd. | 1.29% | 1.28% | -0.02% |
| JSW Infrastructure Ltd. | 0.21% | 0.20% | -0.01% |
| Prestige Estates Projects Ltd. | 2.05% | 2.04% | -0.01% |
| Coforge Ltd. | 2.17% | 2.17% | -0.01% |
| Reserve Bank of India | 0.19% | 0.19% | 0.00% |
| IDFC First Bank Ltd. | 2.43% | 2.43% | 0.00% |
| RBL Bank Ltd. | 1.05% | 1.05% | 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 | ₹13,775 Cr | 2.01% | 12.6% | 14.3% | 19.1% |
| ₹19,891 Cr | 1.86% | 4.8% | 10.7% | 17.2% | |
| ₹17,188 Cr | 2.21% | 21.7% | 17.0% | 20.7% | |
| ₹15,905 Cr | 1.88% | 13.6% | 15.9% | 20.4% | |
| ₹8,403 Cr | 1.83% | 9.3% | 13.6% | 17.9% | |
| ₹7,485 Cr | 2.25% | 13.5% | 14.5% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
An open-end growth scheme with an objective to provide medium to long term capital appreciation as a primary objective and income as a secondary objective.
Fund managers
- Akhil KalluriMr. Kalluri is a MBA, IIM Lucknow. B.Tech. (Electronics and Communications Engineering), Andhra UniversityPrior to joining Franklin Templeton Mutual Fund, he has worked with Credit Suisse, ICICI Securities.
- R JanakiramanMr. Janakiraman is a B.E and PGDM (Business Management).Prior to joining Franklin Templeton Investments, he has worked with Indian Syntans Inv. Pvt. Ltd., Citicorp Information Tech Ltd. and UTI Securities Exchange 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 months9.67% absolute | ₹60,000 | ₹65,802 | 9.67% | |
| 1 year1.21% annualised | ₹1,20,000 | ₹1,20,789 | 0.66% | |
| 3 years14.52% annualised | ₹3,60,000 | ₹4,53,232 | 25.90% | |
| 5 years12.12% annualised | ₹6,00,000 | ₹8,27,602 | 37.93% |
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.