Franklin India Retirement Fund
Retirement SolutionsModerately HighOPEN-ENDED
- NAV as on 6 Nov 2026
- ₹218.97+0.34%1 day
- Return since launch
- 11.0%
- 52-week range
- ₹209.26 — ₹222.91
- AUM
- ₹479 Cr
Franklin India Retirement Fund is a Retirement Solutions hybrid fund from Franklin Templeton Mutual Fund with ₹479 Cr under management, launched in 1997. Over three years it has returned 3.1% a year, against 8.6% for its category. The expense ratio is 2.25% and the SEBI riskometer reading is Moderately High.
Performance
Franklin India Retirement Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -0.9% against +0.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 1.1% | −0.3 pts | 1.4% | 3.0% |
| 2Y | 1.5% | −2.7 pts | 4.2% | 3.3% |
| 3Y | 3.1% | −5.5 pts | 8.6% | 4.5% |
| 5Y | 6.0% | −1.1 pts | 7.0% | 7.3% |
| 7Y | 6.8% | −2.7 pts | 9.5% | 8.2% |
| 10Y | 7.1% | −1.2 pts | 8.3% | 8.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 2.1% | −1.1 pts | 3.2% | 3.7% |
| 3M | -0.7% | 0.0 pts | -0.7% | -0.7% |
| 6M | 0.9% | −1.0 pts | 1.9% | 2.9% |
| 1Y | -0.9% | −2.3 pts | 1.4% | 0.1% |
| 2Y | 1.9% | −0.9 pts | 2.9% | 3.3% |
| 3Y | 7.0% | −1.5 pts | 8.6% | 8.5% |
| 5Y | 6.2% | −0.9 pts | 7.0% | 7.0% |
| 7Y | 7.5% | −2.5 pts | 9.9% | 9.0% |
| 10Y | 7.1% | −1.2 pts | 8.3% | 8.3% |
Since launch (3 Mar 1997): 11.0%
Calendar-year returns
Category average8.5%
9.7%
3.5%
14.1%
12.5%
4.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 4.3% | −2.2 pts | 6.5% |
| 2024 | 12.5% | −2.3 pts | 14.8% |
| 2023 | 14.1% | −4.5 pts | 18.6% |
| 2022 | 3.5% | +1.2 pts | 2.4% |
| 2021 | 9.7% | −5.3 pts | 15.0% |
| 2020 | 8.5% | −6.0 pts | 14.5% |
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
2.25%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.84%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.38%
- Exit load
- Exit load of 3% if redeemed before the age of 58 yrs.
- Lock-in
- 5 years
Terms
- Min SIP
- ₹-1
- Min lumpsum
- ₹-1
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Short Term Debt Hybrid 60+40 Index
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Moderately High
Your principal is treated as being at moderately high risk — typically balanced hybrid and index-led equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.15 | 0.40 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.20 | 0.54 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 6.13 | 13.28 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Franklin India Retirement Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity35.1%
- Debt57.2%
- Other7.7%
Market cap split
- Large59.5%
- Mid19.2%
- Small21.3%
- P/E
- 26.78
- P/B
- 3.70
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| National Bank For Agriculture & Rural Development | Financial | 9.37% | ₹44.90 Cr | +9.66% | +9.64% | +8.94% |
| Others | Others | 7.40% | ₹35.45 Cr | +8.45% | +2.86% | +3.34% |
| Jubilant Bevco Ltd. | Consumer Staples | 6.26% | ₹30.01 Cr | +5.98% | +5.97% | +6.13% |
| Small Industries Devp. Bank of India Ltd. | Financial | 5.42% | ₹26.00 Cr | +5.17% | +5.18% | +5.14% |
| Bajaj Housing Finance Ltd. | Financial | 5.37% | ₹25.74 Cr | +5.14% | +5.55% | +5.12% |
| Poonawalla Fincorp Ltd. | Financial | 5.35% | ₹25.64 Cr | +5.10% | +5.49% | +5.04% |
| LIC Housing Finance Ltd. | Financial | 5.33% | ₹25.55 Cr | +5.07% | +5.49% | +5.06% |
| National Bank For Financing Infrastructure And Development | Financial | 5.25% | ₹25.17 Cr | +5.09% | +5.40% | +5.02% |
| Jubilant Beverages Ltd. | Consumer Staples | 4.17% | ₹19.98 Cr | +3.99% | +3.97% | +3.63% |
| Canara Bank | Financial | 3.10% | ₹14.85 Cr | — | — | — |
| Bharti Telecom Ltd. | Communication | 2.27% | ₹10.86 Cr | +2.17% | +2.17% | +2.17% |
| Maharashtra State | Others | 2.15% | ₹10.29 Cr | +2.18% | +2.13% | — |
| REC Ltd. | Financial | 1.76% | ₹8.45 Cr | +1.72% | +2.89% | +2.72% |
| Axis Bank Ltd. | Financial | 1.71% | ₹8.21 Cr | +1.82% | +1.61% | +1.61% |
| State Bank of India | Financial | 1.60% | ₹7.68 Cr | +2.07% | +1.62% | +0.90% |
| ICICI Bank Ltd. | Financial | 1.60% | ₹7.67 Cr | +2.27% | +2.04% | +2.95% |
| HDFC Bank Ltd. | Financial | 1.48% | ₹7.09 Cr | +2.90% | +2.72% | +4.07% |
| Eternal Ltd. | Services | 1.34% | ₹6.40 Cr | +1.07% | +0.94% | +1.27% |
| Bharti Airtel Ltd. | Communication | 1.28% | ₹6.15 Cr | +1.31% | +1.65% | +1.76% |
| Larsen & Toubro Ltd. | Construction | 1.18% | ₹5.68 Cr | +1.71% | +1.48% | +1.93% |
| Infosys Ltd. | Technology | 1.17% | ₹5.63 Cr | +1.14% | +1.46% | +1.63% |
| Mahindra & Mahindra Ltd. | Automobile | 1.17% | ₹5.61 Cr | +1.18% | +0.85% | +0.77% |
| Bharat Electronics Ltd. | Capital Goods | 1.17% | ₹5.59 Cr | +0.58% | +0.58% | +0.55% |
| Kotak Mahindra Investments Ltd. | Financial | 1.07% | ₹5.12 Cr | +1.02% | +1.11% | +1.01% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 0.96% | ₹4.58 Cr | +1.00% | +0.63% | +0.41% |
| Reliance Industries Ltd. | Energy | 0.87% | ₹4.15 Cr | +1.57% | +1.94% | +1.59% |
| Ultratech Cement Ltd. | Materials | 0.78% | ₹3.73 Cr | +0.93% | +0.91% | +0.93% |
| Dixon Technologies (India) Ltd. | Capital Goods | 0.77% | ₹3.67 Cr | +0.14% | — | — |
| Cipla Ltd. | Healthcare | 0.76% | ₹3.63 Cr | +0.80% | — | — |
| Tata Power Company Ltd. | Energy | 0.75% | ₹3.59 Cr | — | — | — |
| Pine Labs Ltd. | Financial | 0.72% | ₹3.44 Cr | — | — | — |
| RBL Bank Ltd. | Financial | 0.72% | ₹3.43 Cr | — | — | — |
| Global Health Ltd. | Healthcare | 0.71% | ₹3.40 Cr | — | — | — |
| Britannia Industries Ltd. | Consumer Staples | 0.71% | ₹3.38 Cr | +0.70% | +0.75% | — |
| Marico Ltd. | Consumer Staples | 0.69% | ₹3.30 Cr | +0.71% | +0.64% | +0.43% |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 0.67% | ₹3.21 Cr | — | — | — |
| Metropolis Healthcare Ltd. | Healthcare | 0.66% | ₹3.19 Cr | +0.59% | +0.48% | +0.54% |
| Tata Steel Ltd. | Metals & Mining | 0.65% | ₹3.13 Cr | +0.64% | +0.67% | +0.42% |
| TVS Motor Company Ltd. | Automobile | 0.64% | ₹3.08 Cr | — | — | — |
| Franklin India Long Term Fund Direct-Growth | Unclassified | 0.64% | ₹3.04 Cr | +0.62% | +0.40% | — |
| Astral Ltd. | Materials | 0.63% | ₹3.01 Cr | — | — | — |
| Asian Paints Ltd. | Materials | 0.60% | ₹2.88 Cr | — | — | — |
| The Phoenix Mills Ltd. | Construction | 0.59% | ₹2.81 Cr | +0.67% | +0.53% | — |
| Angel One Ltd. | Financial | 0.57% | ₹2.74 Cr | +0.10% | +0.09% | +0.08% |
| Ashok Leyland Ltd. | Automobile | 0.56% | ₹2.70 Cr | +0.32% | +0.32% | — |
| Amber Enterprises India Ltd. | Consumer Discretionary | 0.54% | ₹2.60 Cr | +0.41% | +0.54% | +0.53% |
| SBI Funds Management Ltd. | Financial | 0.54% | ₹2.58 Cr | — | — | — |
| 360 One Wam Ltd. | Financial | 0.54% | ₹2.58 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 0.52% | ₹2.49 Cr | +0.54% | +0.41% | +0.54% |
| Hyundai Motor India Ltd. | Automobile | 0.51% | ₹2.44 Cr | — | — | — |
| Eris Lifesciences Ltd. | Healthcare | 0.50% | ₹2.41 Cr | +0.45% | +0.41% | +0.54% |
| Lenskart Solutions Ltd. | Consumer Discretionary | 0.48% | ₹2.30 Cr | +0.35% | — | — |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 0.46% | ₹2.23 Cr | +0.49% | +0.49% | +0.37% |
| TBO Tek Ltd. | Services | 0.46% | ₹2.21 Cr | — | — | — |
| Exide Industries Ltd. | Capital Goods | 0.43% | ₹2.06 Cr | — | — | — |
| Suzlon Energy Ltd. | Capital Goods | 0.41% | ₹1.97 Cr | — | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.41% | ₹1.94 Cr | +0.43% | +0.34% | +0.19% |
| PB Fintech Ltd. | Services | 0.40% | ₹1.92 Cr | — | +0.62% | +0.70% |
| Emmvee Photovoltaic Power Ltd. | Energy | 0.40% | ₹1.91 Cr | — | — | — |
| Data Patterns (India) Ltd. | Capital Goods | 0.31% | ₹1.50 Cr | — | — | — |
| Aptus Value Housing Finance India Ltd. | Financial | 0.24% | ₹1.16 Cr | — | — | — |
| ZF Commercial Vehicle Control Systems India Ltd. | Automobile | 0.17% | ₹0.81 Cr | +0.12% | +0.15% | +0.40% |
| Timken India Ltd. | Capital Goods | 0.07% | ₹0.32 Cr | — | — | — |
| SEDEMAC Mechatronics Ltd. | Capital Goods | 0.02% | ₹0.10 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 8.86% | 7.40% | -1.47% |
| TVS Motor Company Ltd. | 0.00% | 0.64% | +0.64% |
| Astral Ltd. | 0.00% | 0.63% | +0.63% |
| SBI Funds Management Ltd. | 0.00% | 0.54% | +0.54% |
| 360 One Wam Ltd. | 0.00% | 0.54% | +0.54% |
| Reliance Industries Ltd. | 1.36% | 0.87% | -0.49% |
| HDFC Bank Ltd. | 1.95% | 1.48% | -0.47% |
| Exide Industries Ltd. | 0.00% | 0.43% | +0.43% |
| CESC Ltd. | 0.40% | 0.00% | -0.40% |
| National Bank For Agriculture & Rural Development | 9.77% | 9.37% | -0.40% |
| Hindustan Aeronautics Ltd. | 0.34% | 0.00% | -0.34% |
| Data Patterns (India) Ltd. | 0.00% | 0.31% | +0.31% |
| PB Fintech Ltd. | 0.69% | 0.40% | -0.29% |
| ICICI Bank Ltd. | 1.86% | 1.60% | -0.26% |
| Jubilant Bevco Ltd. | 6.06% | 6.26% | +0.21% |
| Small Industries Devp. Bank of India Ltd. | 5.25% | 5.42% | +0.18% |
| Poonawalla Fincorp Ltd. | 5.18% | 5.35% | +0.17% |
| LIC Housing Finance Ltd. | 5.16% | 5.33% | +0.17% |
| Bajaj Housing Finance Ltd. | 5.22% | 5.37% | +0.16% |
| National Bank For Financing Infrastructure And Development | 5.11% | 5.25% | +0.14% |
| Jubilant Beverages Ltd. | 4.03% | 4.17% | +0.13% |
| Infosys Ltd. | 1.30% | 1.17% | -0.13% |
| State Bank of India | 1.72% | 1.60% | -0.12% |
| Kirloskar Oil Engines Ltd. | 0.85% | 0.96% | +0.11% |
| Dr. Reddy's Laboratories Ltd. | 0.56% | 0.67% | +0.11% |
| Canara Bank | 3.00% | 3.10% | +0.10% |
| Mahindra & Mahindra Ltd. | 1.27% | 1.17% | -0.10% |
| ZF Commercial Vehicle Control Systems India Ltd. | 0.26% | 0.17% | -0.09% |
| Emmvee Photovoltaic Power Ltd. | 0.33% | 0.40% | +0.07% |
| Bharti Telecom Ltd. | 2.20% | 2.27% | +0.07% |
| Suzlon Energy Ltd. | 0.48% | 0.41% | -0.07% |
| Asian Paints Ltd. | 0.54% | 0.60% | +0.06% |
| Amber Enterprises India Ltd. | 0.60% | 0.54% | -0.06% |
| RBL Bank Ltd. | 0.66% | 0.72% | +0.06% |
| Maharashtra State | 2.20% | 2.15% | -0.06% |
| Larsen & Toubro Ltd. | 1.24% | 1.18% | -0.06% |
| Axis Bank Ltd. | 1.77% | 1.71% | -0.05% |
| Pine Labs Ltd. | 0.67% | 0.72% | +0.05% |
| Cholamandalam Investment and Finance Company Ltd. | 0.45% | 0.41% | -0.05% |
| Bharat Electronics Ltd. | 1.21% | 1.17% | -0.05% |
| Tata Power Company Ltd. | 0.70% | 0.75% | +0.04% |
| Dixon Technologies (India) Ltd. | 0.72% | 0.77% | +0.04% |
| Global Health Ltd. | 0.75% | 0.71% | -0.04% |
| TBO Tek Ltd. | 0.43% | 0.46% | +0.04% |
| Kotak Mahindra Investments Ltd. | 1.04% | 1.07% | +0.03% |
| Metropolis Healthcare Ltd. | 0.70% | 0.66% | -0.03% |
| Eris Lifesciences Ltd. | 0.53% | 0.50% | -0.03% |
| Hyundai Motor India Ltd. | 0.54% | 0.51% | -0.03% |
| Lenskart Solutions Ltd. | 0.45% | 0.48% | +0.03% |
| Ashok Leyland Ltd. | 0.53% | 0.56% | +0.03% |
| The Phoenix Mills Ltd. | 0.56% | 0.59% | +0.03% |
| Lemon Tree Hotels Ltd. | 0.02% | 0.00% | -0.02% |
| SEDEMAC Mechatronics Ltd. | 0.00% | 0.02% | +0.02% |
| ICICI Lombard General Insurance Company Ltd. | 0.45% | 0.46% | +0.02% |
| Tata Steel Ltd. | 0.64% | 0.65% | +0.02% |
| Cipla Ltd. | 0.77% | 0.76% | -0.01% |
| Franklin India Long Term Fund Direct-Growth | 0.62% | 0.64% | +0.01% |
| Ultratech Cement Ltd. | 0.79% | 0.78% | -0.01% |
| Interglobe Aviation Ltd. | 0.53% | 0.52% | -0.01% |
| Angel One Ltd. | 0.58% | 0.57% | -0.01% |
| Marico Ltd. | 0.70% | 0.69% | -0.01% |
| Aptus Value Housing Finance India Ltd. | 0.25% | 0.24% | -0.01% |
| Britannia Industries Ltd. | 0.71% | 0.71% | -0.01% |
| Bharti Airtel Ltd. | 1.29% | 1.28% | 0.00% |
| Eternal Ltd. | 1.33% | 1.34% | 0.00% |
| REC Ltd. | 1.77% | 1.76% | 0.00% |
| Timken India Ltd. | 0.07% | 0.07% | 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 | ₹886 Cr | 2.42% | 5.4% | 6.0% | 9.7% |
 Tata Retirement Savings Moderate Fund | ₹2,115 Cr | 2.16% | 8.2% | 6.6% | 10.0% |
 ICICI Prudential Retirement Fund - Hybrid Aggressive Plan | ₹1,268 Cr | 2.45% | 0.6% | 7.3% | 12.8% |
 Axis Retirement Fund - Aggressive Plan | ₹666 Cr | 2.49% | 5.7% | 4.6% | 8.0% |
| Axis Retirement Fund - Dynamic Plan | ₹269 Cr | 2.56% | 6.7% | 4.9% | 8.6% |
 Aditya Birla Sun Life Retirement Fund - The 40s Plan | ₹110 Cr | 2.42% | 6.0% | 6.4% | 9.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate steady returns along with tax savings through a portfolio of upto 40% in equities with the balance invested in fixed income instruments. This is to ensure relative stability and deliver superior returns.
Fund managers
- Ajay ArgalMr. Argal is a B.Tech from (IIT,Mumbai) & PGDM (IIM,Bangalore).Prior to joining Franklin Templeton Asset Management (India) Pvt. Ltd., he has worked with Baring Asset Management (Asia) Ltd., Aditya Birla Sunlife Mutual Fund and UTI AMC where he handled various aspects of investments function including managing offshore funds, equity funds, balanced funds, equity research & equity dealing.
- 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.
- 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.
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 months0.87% absolute | ₹60,000 | ₹60,522 | 0.87% | |
| 1 year−0.89% annualised | ₹1,20,000 | ₹1,19,423 | −0.48% | |
| 3 years7.03% annualised | ₹3,60,000 | ₹4,01,821 | 11.62% | |
| 5 years6.15% annualised | ₹6,00,000 | ₹7,03,986 | 17.33% |
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 Retirement Fund?
The NAV of Franklin India Retirement Fund is ₹218.97 as on 6 Nov 2026.
What is the expense ratio of Franklin India Retirement Fund?
The expense ratio of Franklin India Retirement Fund is 2.25% per year.
What is the minimum SIP amount for Franklin India Retirement Fund?
You can start a SIP in Franklin India Retirement Fund with ₹-1 a month.
What returns has Franklin India Retirement Fund given?
Franklin India Retirement Fund has returned 1.1% over 1 year, 3.1% over 3 years and 6.0% over 5 years (annualised).
Is there a lock-in or exit load on Franklin India Retirement Fund?
Lock-in: 5 years. Exit load: Exit load of 3% if redeemed before the age of 58 yrs..
How risky is Franklin India Retirement Fund?
Franklin India Retirement Fund is rated Moderately High on the SEBI riskometer and belongs to the Retirement Solutions category.
Which fund house manages Franklin India Retirement Fund?
Franklin India Retirement Fund is managed by Franklin Templeton Mutual Fund, which runs 38 schemes with ₹1,34,155 Cr under management.