Franklin India Balanced Advantage Fund
Dynamic Asset Allocation or Balanced Advantage · Franklin Templeton Asset Management (India) Private Limited
Among the 135 funds in its category, this one has grown money faster than most. ₹1 lakh invested 3 years ago would be about ₹1.3 lakh today. Investing ₹10,000 every month for the last 3 years would have put in ₹3.7 lakh and grown it to about ₹4 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹91,910. Its ride has historically been comparatively steady.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.Franklin India Balanced Advantage Fund is a Dynamic Asset Allocation or Balanced Advantage fund from Franklin Templeton Asset Management (India) Private Limited. It has a track record of about 4.0 years. As of the latest data it carries an RS rating of 65/99 (its recent momentum versus category peers) and a King Score of 83/100 (a long-term quality composite). The current NAV is ₹15.19 (as of 2026-09-16).
Growth of ₹100 - last 4 years
Franklin India Balanced Advantage Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -2.27% | -2.55% |
| 3 months | 0.53% | 0.65% |
| 6 months | 2.62% | 3.72% |
| 1 year | 0.36% | 1.46% |
| 3 years (CAGR) | 9.32% | 8.91% |
Its trailing one-year return is 0.36%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | Franklin India Balance | Benchmark |
|---|---|---|
| 2023 | +21.2% | +25.8% |
| 2024 | +17.1% | +15.2% |
| 2025 | +5.8% | +6.7% |
| 2026 | -1.4% | -5.8% |
Franklin India Balanced Advantage Fund beat its benchmark in 2 of the last 4 calendar years. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in Franklin India Balanced Advantage Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹399,563 | 5.06% |
Over 3 years, ₹370,000 invested in monthly instalments would have grown to about ₹399,563 - an XIRR of 5.06%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -8.09% | -16.31% |
| Worst drawdown (3Y) | -8.09% | -9.91% |
| Volatility (1Y) | 10.33% | 10.51% |
| Sharpe (3Y) | 0.37 | 0.28 |
| Sortino (3Y) | 0.65 | 0.47 |
| Beta (3Y) | 0.5 | 0.55 |
| Alpha (3Y) | 1.86% | 1.16% |
| Up capture | 55.7% | 60.22% |
| Down capture | 43.5% | 50.55% |
| Bull-market return | 19.7% | 18.15% |
| Bear-market return | -13.7% | -14.83% |
Timing matters more than people admit: the best possible 1-year stretch in Franklin India Balanced Advantage Fund (starting 2023-04-26) gained 29.4%, while the worst (starting 2025-06-06) lost 1.7%. The worst peak-to-bottom fall Franklin India Balanced Advantage Fund has ever put investors through is -8.09% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -13.7% annualised, versus 19.7% in rising markets. It has captured roughly 55.7% of its benchmark's up-moves and 43.5% of its down-moves.
How Franklin India Balanced Advantage Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), Franklin India Balanced Advantage Fund has historically returned about -13.7% annualised, versus roughly 19.7% when the market is rising. Its deepest fall on record is -8.09%. Right now it sits about 2.59% below its all-time high (last hit 2026-08-06). The real question isn't the average year - it's whether you could hold on through the worst one.
How Franklin India Balanced Advantage Fund ranks in its category
Percentile versus its ~135 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 14.2% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 11.4% |
| 3Y windows beating Nifty 500 | 4.4% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, Franklin India Balanced Advantage Fund returned a median of 14.2% a year, and 100.0% of those windows were positive.
What Franklin India Balanced Advantage Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 34.4% of the portfolio, across 45 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
Franklin India Balanced Advantage Fund shares Mirae Asset Balanced Advantage Fund (3%), WhiteOak Capital Balanced Advantage Fund (1%), SBI Balanced Advantage Fund (1%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages Franklin India Balanced Advantage Fund - and how good are they?
Franklin India Balanced Advantage Fund is managed by Rahul Goswami, Venkatesh Sanjeevi and Anuj Tagra. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
Rahul Goswami's full record
Rahul Goswami currently runs 5 funds, across Corporate Bond Fund, Dynamic Asset Allocation or Balanced Advantage, FoF Domestic, Low Duration Fund and more, with about ₹7,278 Cr under management. The book's average King Score is 77.8/100. Their strongest fund by King Score is Franklin India Money Market Fund (83/100); Franklin India Balanced Advantage Fund ranks #2 of 5 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Franklin India Money Market Fund | 90 | 83 | 1.9% | 3.5% | 6.7% | 7.4% | 6.6% | 6.8% | 1.57 | 7.6% | -1.2% |
| 2 | Franklin India Balanced Advantage Fund (this page) | 65 | 83 | 0.5% | 2.6% | 0.4% | 9.3% | n/a | n/a | 0.37 | 14.2% | -8.1% |
| 3 | Franklin India Corporate Debt Fund | 98 | 81 | 1.7% | 3.1% | 6.4% | 8.0% | 6.7% | 7.6% | 1.16 | 8.4% | -7.4% |
| 4 | Franklin India Income Plus Arbitrage Active Fund of Funds | 62 | 64 | 1.7% | 3.1% | 6.3% | 12.4% | 10.9% | 8.2% | 1.25 | 7.4% | -27.6% |
| 5 | Franklin India Low Duration Fund | 87 | n/a | 1.6% | 3.2% | 6.6% | n/a | n/a | n/a | 1.07 | n/a | -0.1% |
Venkatesh Sanjeevi's full record
Venkatesh Sanjeevi currently runs 7 funds, across Dynamic Asset Allocation or Balanced Advantage, Equity Savings, FoF Domestic, Focused Fund and more, with about ₹28,028 Cr under management. The book's average King Score is 53.7/100. This fund is the highest-scored fund they run (King 83/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Franklin India Balanced Advantage Fund (this page) | 65 | 83 | 0.5% | 2.6% | 0.4% | 9.3% | n/a | n/a | 0.37 | 14.2% | -8.1% |
| 2 | Franklin India Equity Savings Fund | 74 | 69 | 1.2% | 2.2% | 3.7% | 7.2% | 7.1% | n/a | 0.24 | 9.5% | -16.7% |
| 3 | Franklin India Large Cap Fund | 59 | 62 | -0.2% | 0.8% | -4.0% | 8.6% | 7.5% | 10.6% | 0.16 | 13.6% | -36.2% |
| 4 | Franklin India Dynamic Asset Allocation Active Fund Of Funds | 17 | 44 | -0.4% | 2.5% | 0.1% | 8.0% | 10.2% | 10.3% | 0.21 | 11.6% | -30.9% |
| 5 | Franklin India Large & Mid Cap Fund | 33 | 43 | 0.7% | 4.6% | -3.1% | 10.4% | 9.6% | 11.5% | 0.27 | 15.0% | -41.8% |
| 6 | Franklin India Focused Equity Fund | 16 | 42 | -2.1% | -2.0% | -9.8% | 6.8% | 9.2% | 12.7% | 0.03 | 17.1% | -37.7% |
| 7 | Franklin India Technology Fund | 52 | 33 | 6.5% | 8.6% | -9.1% | 8.8% | 7.0% | 16.6% | 0.13 | 17.9% | -30.8% |
Anuj Tagra's full record
Anuj Tagra currently runs 6 funds, across Aggressive Hybrid Fund, Banking and PSU Fund, Corporate Bond Fund, Dynamic Asset Allocation or Balanced Advantage and more, with about ₹6,617 Cr under management. The book's average King Score is 77.2/100. Their strongest fund by King Score is Franklin India Banking & PSU Debt Fund (85/100); Franklin India Balanced Advantage Fund ranks #2 of 6 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Franklin India Banking & PSU Debt Fund | 96 | 85 | 1.8% | 3.1% | 6.5% | 7.5% | 6.4% | 7.3% | 0.93 | 7.8% | -3.6% |
| 2 | Franklin India Balanced Advantage Fund (this page) | 65 | 83 | 0.5% | 2.6% | 0.4% | 9.3% | n/a | n/a | 0.37 | 14.2% | -8.1% |
| 3 | Franklin India Corporate Debt Fund | 98 | 81 | 1.7% | 3.1% | 6.4% | 8.0% | 6.7% | 7.6% | 1.16 | 8.4% | -7.4% |
| 4 | Franklin India Equity Savings Fund | 74 | 69 | 1.2% | 2.2% | 3.7% | 7.2% | 7.1% | n/a | 0.24 | 9.5% | -16.7% |
| 5 | Franklin India Aggressive Hybrid Fund | 48 | 68 | -0.2% | 1.7% | -2.2% | 9.0% | 9.2% | 11.2% | 0.25 | 14.9% | -27.8% |
| 6 | Franklin India Medium to Long Duration Fund | 84 | n/a | 1.2% | 2.4% | 5.0% | n/a | n/a | n/a | -0.12 | n/a | -1.7% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.47% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹5000 |
| Fund size (AUM) | ₹2,769 Cr |
| Age | 4.0 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How Franklin India Balanced Advantage Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| WhiteOak Capital Balanced Advantage Fund | 97 | 94 | 11.3% |
| Mirae Asset Balanced Advantage Fund | 82 | 89 | 9.6% |
| SBI Balanced Advantage Fund | 52 | 87 | 9.2% |
| Axis Balanced Advantage Fund | 63 | 87 | 10.8% |
| HSBC Balanced Advantage Fund | 83 | 85 | 9.1% |
| Baroda BNP Paribas Balanced Advantage Fund | 90 | 83 | 11.1% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
Franklin India Balanced Advantage Fund review: the bottom line
Related
Frequently asked questions
Is Franklin India Balanced Advantage Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, Franklin India Balanced Advantage Fund scores 83/100 on our King Score and RS 65/99 within its category, has compounded 9.32% a year over three years, and its worst drawdown was -8.09%. Compare those against your needs and the peer table above.
What is the NAV of Franklin India Balanced Advantage Fund today?
The latest NAV is ₹15.19 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the expense ratio of Franklin India Balanced Advantage Fund?
The Direct-plan expense ratio is 0.47% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of Franklin India Balanced Advantage Fund?
Franklin India Balanced Advantage Fund is managed by Rahul Goswami; Venkatesh Sanjeevi; Anuj Tagra; Chandni Gupta; Sandeep Manam; Rajasa Kakulavarapu.
Is Franklin India Balanced Advantage Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -8.09% - ₹1 lakh briefly becoming about ₹91,910. As a hybrid fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is Franklin India Balanced Advantage Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 3 years grew ₹3.7 lakh into about ₹4 lakh (XIRR 5.06%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of Franklin India Balanced Advantage Fund?
A ₹10,000/month SIP over 3 years would have grown to about ₹399,563 (an XIRR of 5.06%) on ₹370,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does Franklin India Balanced Advantage Fund rank among similar funds?
On 3-year returns it sits around the 81th percentile of its category, and its consistency ranks 78th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is Franklin India Balanced Advantage Fund tax-efficient / what about capital gains?
As a hybrid fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See Franklin India Balanced Advantage Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.