Franklin India Mid Cap Fund
- NAV as on 9 Nov 2026
- ₹2,713.13+0.55%1 day
- Return since launch
- 18.4%
- 52-week range
- ₹2,392.22 — ₹2,890.63
- AUM
- ₹12,156 Cr
Franklin India Mid Cap Fund is a Mid Cap equity fund from Franklin Templeton Mutual Fund with ₹12,156 Cr under management, launched in 1993. Over three years it has returned 4.0% a year, against 14.8% for its category. The expense ratio is 1.92% 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 -2.9% against +1.9% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -1.0% | −4.5 pts | 3.6% | 3.6% |
| 2Y | 0.9% | −5.5 pts | 6.3% | 5.2% |
| 3Y | 4.0% | −10.8 pts | 14.8% | 6.6% |
| 5Y | 11.8% | −0.9 pts | 12.8% | 12.7% |
| 7Y | 15.0% | −2.3 pts | 17.3% | 16.2% |
| 10Y | 14.1% | −1.0 pts | 15.1% | 15.2% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.2% | −0.6 pts | 2.8% | 2.5% |
| 3M | -6.0% | −2.6 pts | -3.4% | -4.2% |
| 6M | 0.5% | −1.8 pts | 2.3% | 0.9% |
| 1Y | -2.8% | −6.3 pts | 3.6% | 2.1% |
| 2Y | 0.3% | −3.6 pts | 3.9% | 3.4% |
| 3Y | 13.1% | −1.7 pts | 14.8% | 13.6% |
| 5Y | 11.1% | −1.6 pts | 12.8% | 11.9% |
| 7Y | 16.1% | −3.2 pts | 19.3% | 17.8% |
| 10Y | 13.3% | −1.9 pts | 15.1% | 13.8% |
Since launch (30 Oct 1993): 18.4%
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 6 Nov 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 | -0.51 | 5.01 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.95 | 1.00 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.44 | 0.72 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.58 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 17.86 | 19.25 | 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 30 Sep 2026
Asset allocation
- Equity98.1%
- Debt0.2%
- Other1.7%
Market cap split
- Large10.0%
- Mid69.4%
- Small20.5%
- P/E
- 33.61
- P/B
- 3.81
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 2.87% | ₹349 Cr | +1.52% | +1.51% | +1.33% |
| Biocon Ltd. | Healthcare | 2.47% | ₹300 Cr | +2.08% | +2.39% | +1.64% |
| The Federal Bank Ltd. | Financial | 2.39% | ₹290 Cr | +2.73% | +2.64% | +3.02% |
| One 97 Communications Ltd. | Services | 2.29% | ₹279 Cr | — | — | — |
| IDFC First Bank Ltd. | Financial | 2.20% | ₹268 Cr | +2.35% | +1.86% | +1.26% |
| APL Apollo Tubes Ltd. | Metals & Mining | 2.16% | ₹263 Cr | +1.72% | +2.13% | +2.07% |
| Mankind Pharma Ltd. | Healthcare | 2.12% | ₹258 Cr | +2.10% | +1.89% | — |
| Prestige Estates Projects Ltd. | Construction | 1.99% | ₹242 Cr | +2.04% | +1.69% | +2.02% |
| Balkrishna Industries Ltd. | Automobile | 1.96% | ₹238 Cr | +2.05% | +1.53% | +0.94% |
| Coforge Ltd. | Technology | 1.91% | ₹232 Cr | +1.70% | +1.48% | +1.58% |
| Swiggy Ltd. | Services | 1.90% | ₹231 Cr | +1.24% | +1.09% | — |
| Ashok Leyland Ltd. | Automobile | 1.85% | ₹225 Cr | +1.84% | +1.67% | +0.70% |
| PB Fintech Ltd. | Services | 1.77% | ₹215 Cr | +1.37% | +1.38% | +1.81% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.77% | ₹215 Cr | +1.96% | +0.90% | +0.80% |
| Others | Others | 1.74% | ₹212 Cr | +3.53% | +4.83% | +3.22% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.69% | ₹206 Cr | +1.81% | +2.03% | +1.32% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 1.59% | ₹194 Cr | +0.75% | — | — |
| Timken India Ltd. | Capital Goods | 1.55% | ₹189 Cr | +1.57% | +1.15% | +0.62% |
| Ipca Laboratories Ltd. | Healthcare | 1.55% | ₹188 Cr | +2.01% | +2.16% | +1.80% |
| Shree Cement Ltd. | Materials | 1.54% | ₹187 Cr | +1.69% | +1.56% | — |
| Astral Ltd. | Materials | 1.52% | ₹184 Cr | +0.87% | +1.14% | +0.76% |
| MTAR Technologies Ltd. | Capital Goods | 1.51% | ₹183 Cr | — | — | — |
| State Bank of India | Financial | 1.51% | ₹183 Cr | +1.30% | +1.42% | +0.95% |
| Poonawalla Fincorp Ltd. | Financial | 1.50% | ₹183 Cr | +1.46% | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.49% | ₹182 Cr | +1.48% | +1.91% | +1.64% |
| Dixon Technologies (India) Ltd. | Capital Goods | 1.46% | ₹178 Cr | +1.29% | +1.20% | +1.27% |
| Tube Investments Of India Ltd. | Automobile | 1.40% | ₹170 Cr | +2.03% | +1.93% | +1.37% |
| Deepak Nitrite Ltd. | Chemicals | 1.38% | ₹168 Cr | +1.36% | +1.30% | +1.65% |
| HDB Financial Services Ltd. | Financial | 1.38% | ₹168 Cr | +1.33% | +0.94% | +0.75% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.38% | ₹167 Cr | +2.13% | +1.95% | +1.78% |
| Meesho Ltd. | Services | 1.37% | ₹167 Cr | — | — | — |
| RBL Bank Ltd. | Financial | 1.37% | ₹166 Cr | — | — | — |
| Emmvee Photovoltaic Power Ltd. | Energy | 1.35% | ₹164 Cr | +1.58% | +1.15% | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.34% | ₹163 Cr | +1.42% | +1.12% | +1.10% |
| Havells India Ltd. | Capital Goods | 1.30% | ₹158 Cr | +1.26% | +1.42% | — |
| GE Vernova T&D India Ltd | Capital Goods | 1.30% | ₹158 Cr | — | — | — |
| INDO-MIM Ltd. | Capital Goods | 1.28% | ₹156 Cr | — | — | — |
| Supreme Industries Ltd. | Materials | 1.25% | ₹152 Cr | — | — | — |
| Billionbrains Garage Ventures Ltd. | Financial | 1.24% | ₹150 Cr | +1.44% | +1.21% | — |
| Mphasis Ltd. | Technology | 1.22% | ₹148 Cr | +2.00% | +2.17% | +2.29% |
| Tata Communications Ltd. | Communication | 1.20% | ₹146 Cr | +1.40% | +1.09% | +0.97% |
| Max Financial Services Ltd. | Financial | 1.19% | ₹145 Cr | +1.34% | +1.72% | +1.80% |
| Honasa Consumer Ltd. | Consumer Staples | 1.18% | ₹144 Cr | — | — | — |
| Angel One Ltd. | Financial | 1.18% | ₹143 Cr | +0.94% | +0.42% | +0.35% |
| Bharat Electronics Ltd. | Capital Goods | 1.14% | ₹139 Cr | +1.18% | +0.96% | +1.11% |
| PNB Housing Finance Ltd. | Financial | 1.11% | ₹134 Cr | +1.16% | +0.97% | +0.99% |
| K.P.R. Mill Ltd. | Textiles | 1.09% | ₹132 Cr | +1.13% | +0.91% | +1.05% |
| Multi Commodity Exchange Of India Ltd. | Services | 1.09% | ₹132 Cr | — | — | — |
| Suzlon Energy Ltd. | Capital Goods | 1.06% | ₹128 Cr | +1.53% | +0.36% | +0.45% |
| JK Cement Ltd. | Materials | 1.04% | ₹127 Cr | +1.47% | +1.57% | +1.74% |
| Hexaware Technologies Ltd. | Technology | 1.02% | ₹123 Cr | +1.03% | +0.97% | +0.55% |
| Jubilant FoodWorks Ltd. | Services | 1.01% | ₹123 Cr | +0.90% | +0.73% | +0.93% |
| 360 One Wam Ltd. | Financial | 0.96% | ₹116 Cr | +0.76% | — | — |
| Exide Industries Ltd. | Capital Goods | 0.95% | ₹116 Cr | +0.87% | +0.74% | +0.90% |
| Trent Ltd. | Services | 0.95% | ₹116 Cr | +1.16% | +0.89% | +1.13% |
| Tata Power Company Ltd. | Energy | 0.95% | ₹115 Cr | +0.99% | +1.11% | +0.70% |
| Max Healthcare Institute Ltd. | Healthcare | 0.92% | ₹112 Cr | +1.27% | +1.24% | +1.07% |
| Aster DM Quality Care Ltd. | Healthcare | 0.92% | ₹111 Cr | +1.09% | +1.48% | +1.24% |
| Hindustan Petroleum Corporation Ltd. | Energy | 0.89% | ₹108 Cr | +0.98% | +0.95% | +1.30% |
| Escorts Kubota Ltd. | Automobile | 0.89% | ₹108 Cr | +1.16% | +1.26% | +1.34% |
| Crompton Greaves Consumer Electricals Ltd. | Consumer Discretionary | 0.84% | ₹102 Cr | +1.41% | +1.31% | +1.52% |
| The Phoenix Mills Ltd. | Construction | 0.81% | ₹98.43 Cr | +1.41% | +1.56% | +1.44% |
| ITC Hotels Ltd. | Services | 0.81% | ₹98.37 Cr | +0.86% | +0.76% | +0.97% |
| Indus Towers Ltd. | Communication | 0.80% | ₹97.22 Cr | +0.82% | +1.00% | +0.83% |
| Oberoi Realty Ltd. | Construction | 0.78% | ₹94.43 Cr | +1.38% | +1.27% | +1.26% |
| Bharti Hexacom Ltd. | Communication | 0.75% | ₹90.86 Cr | +0.94% | +1.09% | +1.60% |
| The Ramco Cements Ltd. | Materials | 0.75% | ₹90.63 Cr | +0.80% | +0.90% | +1.03% |
| Gujarat Fluorochemicals Ltd. | Chemicals | 0.74% | ₹90.31 Cr | — | — | — |
| Motherson Sumi Wiring India Ltd. | Automobile | 0.73% | ₹89.28 Cr | +0.84% | +0.89% | +0.98% |
| Page Industries Ltd. | Textiles | 0.72% | ₹87.32 Cr | +1.61% | +1.41% | +1.28% |
| PI Industries Ltd. | Chemicals | 0.71% | ₹86.61 Cr | +0.77% | +0.94% | +1.08% |
| Kajaria Ceramics Ltd. | Materials | 0.62% | ₹75.71 Cr | +0.72% | +0.42% | +0.47% |
| Emami Ltd. | Consumer Staples | 0.60% | ₹73.22 Cr | +0.96% | +1.07% | +1.47% |
| Piramal Finance Ltd. | Financial | 0.60% | ₹72.74 Cr | — | — | — |
| City Union Bank Ltd. | Financial | 0.58% | ₹70.03 Cr | +0.52% | +0.52% | +1.16% |
| SRF Ltd. | Chemicals | 0.53% | ₹63.89 Cr | +1.61% | +1.64% | +1.23% |
| Coromandel International Ltd. | Chemicals | 0.47% | ₹57.60 Cr | +0.93% | +1.01% | +1.42% |
| Godrej Properties Ltd. | Construction | 0.31% | ₹37.43 Cr | +1.08% | +0.98% | +0.77% |
| Reserve Bank of India | Financial | 0.20% | ₹24.87 Cr | +0.20% | +0.23% | +0.20% |
| JSW Infrastructure Ltd. | Services | 0.07% | ₹8.56 Cr | +0.23% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| GE Vernova T&D India Ltd | 0.00% | 1.30% | +1.30% |
| Honasa Consumer Ltd. | 0.00% | 1.18% | +1.18% |
| Others | 0.71% | 1.74% | +1.03% |
| Godrej Properties Ltd. | 1.12% | 0.31% | -0.81% |
| One 97 Communications Ltd. | 1.52% | 2.29% | +0.77% |
| company:1412 | -0.71% | 0.00% | +0.71% |
| PB Fintech Ltd. | 2.40% | 1.77% | -0.63% |
| Angel One Ltd. | 0.78% | 1.18% | +0.39% |
| Supreme Industries Ltd. | 0.93% | 1.25% | +0.32% |
| RBL Bank Ltd. | 1.05% | 1.37% | +0.31% |
| Multi Commodity Exchange Of India Ltd. | 0.78% | 1.09% | +0.31% |
| INDO-MIM Ltd. | 1.01% | 1.28% | +0.27% |
| Siemens Energy India Ltd. | 0.27% | 0.00% | -0.27% |
| Coforge Ltd. | 2.17% | 1.91% | -0.26% |
| Escorts Kubota Ltd. | 1.13% | 0.89% | -0.24% |
| Gujarat Fluorochemicals Ltd. | 0.50% | 0.74% | +0.24% |
| MTAR Technologies Ltd. | 1.27% | 1.51% | +0.24% |
| Emami Ltd. | 0.83% | 0.60% | -0.23% |
| IDFC First Bank Ltd. | 2.43% | 2.20% | -0.23% |
| State Bank of India | 1.29% | 1.51% | +0.22% |
| Meesho Ltd. | 1.15% | 1.37% | +0.22% |
| Mankind Pharma Ltd. | 1.91% | 2.12% | +0.21% |
| Dixon Technologies (India) Ltd. | 1.66% | 1.46% | -0.20% |
| Havells India Ltd. | 1.48% | 1.30% | -0.18% |
| Lenskart Solutions Ltd. | 1.43% | 1.59% | +0.16% |
| ICICI Lombard General Insurance Company Ltd. | 1.55% | 1.69% | +0.14% |
| JSW Infrastructure Ltd. | 0.20% | 0.07% | -0.13% |
| Tube Investments Of India Ltd. | 1.53% | 1.40% | -0.13% |
| Suzlon Energy Ltd. | 1.18% | 1.06% | -0.13% |
| Astral Ltd. | 1.39% | 1.52% | +0.12% |
| Swiggy Ltd. | 1.78% | 1.90% | +0.12% |
| APL Apollo Tubes Ltd. | 2.04% | 2.16% | +0.12% |
| Ashok Leyland Ltd. | 1.96% | 1.85% | -0.11% |
| The Federal Bank Ltd. | 2.50% | 2.39% | -0.11% |
| Tata Steel Ltd. | 1.39% | 1.49% | +0.10% |
| Timken India Ltd. | 1.45% | 1.55% | +0.10% |
| Mahindra & Mahindra Financial Services Ltd. | 1.47% | 1.38% | -0.10% |
| Tata Power Company Ltd. | 0.85% | 0.95% | +0.09% |
| Deepak Nitrite Ltd. | 1.47% | 1.38% | -0.09% |
| Biocon Ltd. | 2.56% | 2.47% | -0.09% |
| Max Financial Services Ltd. | 1.27% | 1.19% | -0.08% |
| Hindustan Aeronautics Ltd. | 1.69% | 1.77% | +0.07% |
| ITC Hotels Ltd. | 0.74% | 0.81% | +0.07% |
| Emmvee Photovoltaic Power Ltd. | 1.28% | 1.35% | +0.07% |
| Procter & Gamble Hygiene and Health Care Ltd. | 0.07% | 0.00% | -0.07% |
| JK Cement Ltd. | 0.98% | 1.04% | +0.06% |
| Page Industries Ltd. | 0.66% | 0.72% | +0.06% |
| Mphasis Ltd. | 1.28% | 1.22% | -0.06% |
| 360 One Wam Ltd. | 1.02% | 0.96% | -0.06% |
| Prestige Estates Projects Ltd. | 2.04% | 1.99% | -0.05% |
| Shree Cement Ltd. | 1.49% | 1.54% | +0.05% |
| PNB Housing Finance Ltd. | 1.06% | 1.11% | +0.05% |
| Hexaware Technologies Ltd. | 1.06% | 1.02% | -0.05% |
| Crompton Greaves Consumer Electricals Ltd. | 0.88% | 0.84% | -0.04% |
| Poonawalla Fincorp Ltd. | 1.46% | 1.50% | +0.04% |
| Max Healthcare Institute Ltd. | 0.96% | 0.92% | -0.04% |
| Kajaria Ceramics Ltd. | 0.58% | 0.62% | +0.04% |
| Tata Communications Ltd. | 1.17% | 1.20% | +0.04% |
| Kalyan Jewellers India Ltd. | 2.90% | 2.87% | -0.03% |
| Billionbrains Garage Ventures Ltd. | 1.20% | 1.24% | +0.03% |
| City Union Bank Ltd. | 0.54% | 0.58% | +0.03% |
| PI Industries Ltd. | 0.68% | 0.71% | +0.03% |
| HDB Financial Services Ltd. | 1.42% | 1.38% | -0.03% |
| Piramal Finance Ltd. | 0.63% | 0.60% | -0.03% |
| Hindustan Petroleum Corporation Ltd. | 0.87% | 0.89% | +0.02% |
| Indus Towers Ltd. | 0.78% | 0.80% | +0.02% |
| The Ramco Cements Ltd. | 0.72% | 0.75% | +0.02% |
| Trent Ltd. | 0.97% | 0.95% | -0.02% |
| SRF Ltd. | 0.51% | 0.53% | +0.02% |
| Reserve Bank of India | 0.19% | 0.20% | +0.01% |
| Jubilant FoodWorks Ltd. | 1.02% | 1.01% | -0.01% |
| Oberoi Realty Ltd. | 0.77% | 0.78% | +0.01% |
| Aster DM Quality Care Ltd. | 0.93% | 0.92% | -0.01% |
| Bharti Hexacom Ltd. | 0.76% | 0.75% | -0.01% |
| Bharat Electronics Ltd. | 1.13% | 1.14% | +0.01% |
| K.P.R. Mill Ltd. | 1.08% | 1.09% | +0.01% |
| Exide Industries Ltd. | 0.95% | 0.95% | +0.01% |
| Balkrishna Industries Ltd. | 1.96% | 1.96% | -0.01% |
| Ipca Laboratories Ltd. | 1.56% | 1.55% | -0.01% |
| Coromandel International Ltd. | 0.48% | 0.47% | 0.00% |
| Motherson Sumi Wiring India Ltd. | 0.74% | 0.73% | 0.00% |
| The Phoenix Mills Ltd. | 0.81% | 0.81% | 0.00% |
| Equitas Small Finance Bank Ltd. | 1.34% | 1.34% | 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 | ₹13,591 Cr | 1.99% | 9.0% | 12.0% | 17.5% |
| ₹19,230 Cr | 1.87% | 3.2% | 8.7% | 15.9% | |
| ₹16,800 Cr | 2.15% | 15.2% | 14.1% | 19.0% | |
| ₹15,832 Cr | 1.85% | 12.4% | 14.1% | 19.3% | |
| ₹8,400 Cr | 2.25% | 11.2% | 12.7% | — | |
| ₹7,695 Cr | 1.83% | 2.9% | 10.3% | 15.9% |
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 months0.47% absolute | ₹60,000 | ₹60,282 | 0.47% | |
| 1 year−2.78% annualised | ₹1,20,000 | ₹1,18,208 | −1.49% | |
| 3 years13.08% annualised | ₹3,60,000 | ₹4,42,746 | 22.99% | |
| 5 years11.14% annualised | ₹6,00,000 | ₹8,05,559 | 34.26% |
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.