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Franklin India Mid Cap Fund

Mid CapVery HighOPEN-ENDED
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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

Returns

How the fund has done against its category and its benchmark.

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y-1.0%−4.5 pts3.6%3.6%
2Y0.9%−5.5 pts6.3%5.2%
3Y4.0%−10.8 pts14.8%6.6%
5Y11.8%−0.9 pts12.8%12.7%
7Y15.0%−2.3 pts17.3%16.2%
10Y14.1%−1.0 pts15.1%15.2%

Fund against category

1Y
Fund-1.0%
Category3.6%
3Y
Fund4.0%
Category14.8%
5Y
Fund11.8%
Category12.8%

Since launch (30 Oct 1993): 18.4%

Calendar-year returns

Category average
Show as a table
Calendar-year returns
PeriodFundvs categoryCategory
20251.6%−1.4 pts3.1%
202431.5%+1.2 pts30.3%
202336.8%−1.9 pts38.7%
20222.2%−1.6 pts3.8%
202132.6%−13.2 pts45.8%
202017.8%−7.7 pts25.5%

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.

Very High

Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.

Risk ratios
RatioFundCategory avgRead as
Alpha-0.515.01Return earned above what the benchmark alone would have given. Higher is better.
Beta0.951.00How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.440.72Return earned for each unit of total risk taken. Higher is better.
Sortino0.580.96Return earned for each unit of downside risk. Higher is better.
Std. deviation17.8619.25How 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

HoldingSectorWeightValue3M chg6M chg1Y chg
Kalyan Jewellers India Ltd.Consumer Discretionary2.87%₹349 Cr+1.52%+1.51%+1.33%
Biocon Ltd.Healthcare2.47%₹300 Cr+2.08%+2.39%+1.64%
The Federal Bank Ltd.Financial2.39%₹290 Cr+2.73%+2.64%+3.02%
One 97 Communications Ltd.Services2.29%₹279 Cr———
IDFC First Bank Ltd.Financial2.20%₹268 Cr+2.35%+1.86%+1.26%
APL Apollo Tubes Ltd.Metals & Mining2.16%₹263 Cr+1.72%+2.13%+2.07%
Mankind Pharma Ltd.Healthcare2.12%₹258 Cr+2.10%+1.89%—
Prestige Estates Projects Ltd.Construction1.99%₹242 Cr+2.04%+1.69%+2.02%
Balkrishna Industries Ltd.Automobile1.96%₹238 Cr+2.05%+1.53%+0.94%
Coforge Ltd.Technology1.91%₹232 Cr+1.70%+1.48%+1.58%

Sectors

  • Financial20.1%
  • Capital Goods13.3%
  • Services11.3%
  • Healthcare8.0%
  • Automobile6.8%
  • Materials6.7%
  • Consumer Discretionary5.3%
  • Technology4.1%

Instruments

  • Cash/Net Current Assets1.7%
  • Treasury Bills0.2%

Recent changes

HoldingFromToWeight
GE Vernova T&D India Ltd0.00%1.30%+1.30%
Honasa Consumer Ltd.0.00%1.18%+1.18%
Others0.71%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 India1.29%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 India0.19%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.

FundAUMExpense1Y3Y5Y
Category average₹13,591 Cr1.99%9.0%12.0%17.5%
Edelweiss Mid Cap Fund₹19,230 Cr1.87%3.2%8.7%15.9%
HSBC Midcap Fund₹16,800 Cr2.15%15.2%14.1%19.0%
Invesco India Mid Cap Fund₹15,832 Cr1.85%12.4%14.1%19.3%
WhiteOak Capital Mid Cap Fund₹8,400 Cr2.25%11.2%12.7%—
ICICI Prudential Mid Cap Fund₹7,695 Cr1.83%2.9%10.3%15.9%
See all Mid Cap funds

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.
Scheme information document

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 pastTotal investmentWould’ve becomeGrowthReturns
6 months0.47% absolute₹60,000₹60,2820.47%
1 year−2.78% annualised₹1,20,000₹1,18,208−1.49%
3 years13.08% annualised₹3,60,000₹4,42,74622.99%
5 years11.14% annualised₹6,00,000₹8,05,55934.26%

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.

What is the NAV of Franklin India Mid Cap Fund?
The NAV of Franklin India Mid Cap Fund is ₹2,713.13 as on 9 Nov 2026.
What is the expense ratio of Franklin India Mid Cap Fund?
The expense ratio of Franklin India Mid Cap Fund is 1.92% per year.
What is the minimum SIP amount for Franklin India Mid Cap Fund?
You can start a SIP in Franklin India Mid Cap Fund with ₹3,000 a month.
What returns has Franklin India Mid Cap Fund given?
Franklin India Mid Cap Fund has returned -1.0% over 1 year, 4.0% over 3 years and 11.8% over 5 years (annualised).
Is there a lock-in or exit load on Franklin India Mid Cap Fund?
Lock-in: None. Exit load: Exit load of 1% if redeemed within 1 year.
How risky is Franklin India Mid Cap Fund?
Franklin India Mid Cap Fund is rated Very High on the SEBI riskometer and belongs to the Mid Cap category.
Which fund house manages Franklin India Mid Cap Fund?
Franklin India Mid Cap Fund is managed by Franklin Templeton Mutual Fund, which runs 38 schemes with ₹1,34,155 Cr under management.