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Franklin India Mid Cap Fund

Mid CapVery HighOPEN-ENDED
Invest Now
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

Returns

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

Trailing returns
PeriodFundvs categoryCategoryBenchmark
1Y1.2%−5.2 pts6.4%6.0%
2Y2.1%−5.0 pts7.2%6.3%
3Y6.3%−9.4 pts15.7%8.5%
5Y13.3%−0.8 pts14.1%14.1%
7Y16.3%−2.2 pts18.5%17.4%
10Y14.8%−0.3 pts15.1%15.8%

Fund against category

1Y
Fund1.2%
Category6.4%
3Y
Fund6.3%
Category15.7%
5Y
Fund13.3%
Category14.1%

Since launch (30 Oct 1993): 18.6%

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 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.

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-0.105.13Return earned above what the benchmark alone would have given. Higher is better.
Beta0.940.99How hard the fund moves when the market moves. Under 1 is steadier than the market.
Sharpe0.640.91Return earned for each unit of total risk taken. Higher is better.
Sortino0.831.17Return earned for each unit of downside risk. Higher is better.
Std. deviation17.0518.53How 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

HoldingSectorWeightValue3M chg6M chg1Y chg
OthersOthers4.92%₹642 Cr+15.19%+15.88%+9.20%
Kalyan Jewellers India Ltd.Consumer Discretionary2.90%₹379 Cr+1.42%+1.46%+1.47%
Biocon Ltd.Healthcare2.56%₹334 Cr+2.18%+2.28%+1.67%
The Federal Bank Ltd.Financial2.50%₹326 Cr+2.44%+2.69%+3.00%
IDFC First Bank Ltd.Financial2.43%₹317 Cr+2.15%+1.87%+1.22%
PB Fintech Ltd.Services2.40%₹313 Cr+1.46%+1.26%+1.88%
Coforge Ltd.Technology2.17%₹283 Cr+1.68%+1.17%+1.71%
APL Apollo Tubes Ltd.Metals & Mining2.04%₹267 Cr+1.80%+2.17%+1.96%
Prestige Estates Projects Ltd.Construction2.04%₹266 Cr+1.83%+1.84%+2.08%
Balkrishna Industries Ltd.Automobile1.96%₹256 Cr+2.12%+1.35%+0.93%

Sectors

  • Financial19.7%
  • Capital Goods11.8%
  • Services10.6%
  • Healthcare7.9%
  • Automobile7.3%
  • Materials6.1%
  • Consumer Discretionary5.2%
  • Others4.9%

Instruments

  • Cash/Net Current Assets4.0%
  • Cash Margin0.7%
  • Margin Money0.2%
  • Treasury Bills0.2%
  • Net Current Assets0.0%

Recent changes

HoldingFromToWeight
HDFC Bank Ltd.1.22%-0.71%-1.93%
Others2.13%0.71%-1.42%
company:203710.00%1.15%+1.15%
One97 Communications Ltd.0.52%1.52%+1.00%
company:37980.00%0.93%+0.93%
Container Corporation Of India Ltd.0.81%0.00%-0.81%
company:126120.00%0.78%+0.78%
SRF Ltd.1.24%0.51%-0.73%
Lenskart Solutions Ltd.0.80%1.43%+0.64%
company:8960.00%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:157090.00%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 India1.26%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 India0.19%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.

FundAUMExpense1Y3Y5Y
Category average₹13,775 Cr2.01%12.6%14.3%19.1%
Edelweiss Mid Cap Fund₹19,891 Cr1.86%4.8%10.7%17.2%
HSBC Midcap Fund₹17,188 Cr2.21%21.7%17.0%20.7%
Invesco India Mid Cap Fund₹15,905 Cr1.88%13.6%15.9%20.4%
ICICI Prudential Mid Cap Fund₹8,403 Cr1.83%9.3%13.6%17.9%
WhiteOak Capital Mid Cap Fund₹7,485 Cr2.25%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.
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 months9.67% absolute₹60,000₹65,8029.67%
1 year1.21% annualised₹1,20,000₹1,20,7890.66%
3 years14.52% annualised₹3,60,000₹4,53,23225.90%
5 years12.12% annualised₹6,00,000₹8,27,60237.93%

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.

What is the NAV of Franklin India Mid Cap Fund?
The NAV of Franklin India Mid Cap Fund is ₹2,750.02 as on 24 Sep 2026.
What is the expense ratio of Franklin India Mid Cap Fund?
The expense ratio of Franklin India Mid Cap Fund is 1.88% 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 1.2% over 1 year, 6.3% over 3 years and 13.3% 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 ₹1,27,382 Cr under management.