Previously Known As : Franklin India Flexi Cap Fund
Franklin India Equity Advantage Fund Overview
Category Large & Mid Cap Fund
BMSMONEY Rank 10
Rating
Growth Option 18-07-2025
NAV ₹193.13(R) -0.58% ₹212.17(D) -0.58%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 5.08% 18.52% 23.38% 13.81% 11.62%
Direct 5.84% 19.41% 24.31% 14.69% 12.49%
Nifty Large Midcap 250 TRI 2.09% 22.28% 25.29% 17.09% 15.53%
SIP (XIRR) Regular 11.92% 17.12% 17.46% 17.31% 14.63%
Direct 12.7% 18.0% 18.35% 18.19% 15.48%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.07 0.54 0.78 -1.6% 0.16
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.57% -14.82% -16.91% 0.9 9.8%
Fund AUM As on: 30/06/2025 3431 Cr

NAV Date: 18-07-2025

Scheme Name NAV Rupee Change Percent Change
Franklin India Equity Advantage Fund - IDCW 22.04
-0.1300
-0.5800%
Franklin India Equity Advantage Fund - Direct - IDCW 25.18
-0.1500
-0.5800%
Franklin India Equity Advantage Fund - Growth Plan 193.13
-1.1400
-0.5800%
Franklin India Equity Advantage Fund - Direct - Growth 212.17
-1.2400
-0.5800%

Review Date: 18-07-2025

Beginning of Analysis

In the Large & Mid Cap Fund category, Franklin India Equity Advantage Fund is the 10th ranked fund. The category has total 26 funds. The 4 star rating shows a very good past performance of the Franklin India Equity Advantage Fund in Large & Mid Cap Fund. The fund has a Jensen Alpha of -1.6% which is lower than the category average of 0.49%, reflecting poor performance. The fund has a Sharpe Ratio of 1.07 which is lower than the category average of 1.21.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Large & Mid Cap Mutual Funds are ideal for investors seeking a balanced exposure to both large-cap stability and mid-cap growth potential. These funds allocate a minimum of 35% each to large-cap and mid-cap stocks, offering a diversified portfolio with a balanced risk-return profile. While they provide the potential for higher returns through mid-cap stocks, they also carry higher risks due to mid-cap volatility. Investors should have a long-term investment horizon and a moderate risk tolerance to invest in these funds. Additionally, the success of these funds depends on the fund manager's ability to balance large-cap and mid-cap allocations effectively.

Franklin India Equity Advantage Fund Return Analysis

The Franklin India Equity Advantage Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its Large & Mid Cap Fund peers and the Nifty Large Midcap 250 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the Large & Mid Cap Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of 1.99%, 9.54 and 8.77 in last one, three and six months respectively. In the same period the category average return was 1.92%, 7.23% and 6.71% respectively.
  • Franklin India Equity Advantage Fund has given a return of 5.84% in last one year. In the same period the Nifty Large Midcap 250 TRI return was 2.09%. The fund has given 3.75% more return than the benchmark return.
  • The fund has given a return of 19.41% in last three years and rank 24th out of 26 funds in the category. In the same period the Nifty Large Midcap 250 TRI return was 22.28%. The fund has given 2.87% less return than the benchmark return.
  • Franklin India Equity Advantage Fund has given a return of 24.31% in last five years and category average returns is 25.19% in same period. The fund ranked 16th out of 25 funds in the category. In the same period the Nifty Large Midcap 250 TRI return was 25.29%. The fund has given 0.98% less return than the benchmark return.
  • The fund has given a return of 12.49% in last ten years and ranked 17th out of 18 funds in the category. In the same period the Nifty Large Midcap 250 TRI return was 15.53%. The fund has given 3.04% less return than the benchmark return.
  • The fund has given a SIP return of 12.7% in last one year whereas category average SIP return is 9.72%. The fund one year return rank in the category is 5th in 29 funds
  • The fund has SIP return of 18.0% in last three years and ranks 18th in 26 funds. Invesco India Large & Mid Cap Fund has given the highest SIP return (28.65%) in the category in last three years.
  • The fund has SIP return of 18.35% in last five years whereas category average SIP return is 20.24%.

Franklin India Equity Advantage Fund Risk Analysis

  • The fund has a standard deviation of 13.57 and semi deviation of 9.8. The category average standard deviation is 14.38 and semi deviation is 10.68.
  • The fund has a Value at Risk (VaR) of -14.82 and a maximum drawdown of -16.91. The category average VaR is -18.3 and the maximum drawdown is -18.42. The fund has a beta of 0.9 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Large & Mid Cap Fund Category
  • Good Performance in Large & Mid Cap Fund Category
  • Poor Performance in Large & Mid Cap Fund Category
  • Very Poor Performance in Large & Mid Cap Fund Category

  • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Nifty Large Midcap 250 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 1.94 1.78
    1.82
    0.45 | 4.05 12 | 29 Good
    3M Return % 9.35 7.21
    6.94
    4.01 | 12.04 3 | 29 Very Good
    6M Return % 8.40 7.62
    6.11
    0.18 | 12.31 3 | 29 Very Good
    1Y Return % 5.08 2.09
    2.46
    -10.52 | 13.45 6 | 29 Very Good
    3Y Return % 18.52 22.28
    21.52
    15.84 | 30.88 23 | 26 Poor
    5Y Return % 23.38 25.29
    23.78
    19.04 | 28.73 12 | 25 Good
    7Y Return % 13.81 17.09
    16.16
    11.79 | 18.53 17 | 20 Poor
    10Y Return % 11.62 15.53
    14.11
    11.41 | 17.02 17 | 18 Poor
    15Y Return % 13.05 14.48
    14.22
    11.32 | 19.64 12 | 16 Average
    1Y SIP Return % 11.92
    8.50
    -1.19 | 21.08 4 | 29 Very Good
    3Y SIP Return % 17.12
    17.65
    11.54 | 27.13 13 | 26 Good
    5Y SIP Return % 17.46
    18.86
    13.48 | 25.71 18 | 25 Average
    7Y SIP Return % 17.31
    18.97
    14.45 | 22.03 16 | 20 Poor
    10Y SIP Return % 14.63
    16.76
    12.91 | 18.87 17 | 18 Poor
    15Y SIP Return % 14.26
    16.13
    13.40 | 20.17 14 | 16 Poor
    Standard Deviation 13.57
    14.38
    12.14 | 18.45 6 | 26 Very Good
    Semi Deviation 9.80
    10.68
    8.61 | 14.44 5 | 26 Very Good
    Max Drawdown % -16.91
    -18.42
    -24.27 | -13.76 6 | 26 Very Good
    VaR 1 Y % -14.82
    -18.30
    -22.97 | -12.04 3 | 26 Very Good
    Average Drawdown % -7.23
    -7.05
    -8.94 | -4.76 15 | 26 Average
    Sharpe Ratio 1.07
    1.21
    0.83 | 1.60 18 | 26 Average
    Sterling Ratio 0.78
    0.85
    0.64 | 1.12 15 | 26 Average
    Sortino Ratio 0.54
    0.60
    0.41 | 0.83 15 | 26 Average
    Jensen Alpha % -1.60
    0.49
    -5.49 | 7.72 18 | 26 Average
    Treynor Ratio 0.16
    0.19
    0.13 | 0.26 19 | 26 Average
    Modigliani Square Measure % 22.39
    24.23
    18.30 | 30.96 16 | 26 Average
    Alpha % -3.31
    -1.28
    -6.15 | 7.93 17 | 26 Average
    Return data last Updated On : July 18, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty Large Midcap 250 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 1.99 1.78 1.92 0.55 | 4.14 12 | 29
    3M Return % 9.54 7.21 7.23 4.33 | 12.33 3 | 29
    6M Return % 8.77 7.62 6.71 0.80 | 12.92 3 | 29
    1Y Return % 5.84 2.09 3.65 -9.39 | 14.75 6 | 29
    3Y Return % 19.41 22.28 22.90 18.07 | 32.67 24 | 26
    5Y Return % 24.31 25.29 25.19 20.04 | 30.63 16 | 25
    7Y Return % 14.69 17.09 17.37 12.76 | 19.54 19 | 20
    10Y Return % 12.49 15.53 15.22 12.47 | 18.10 17 | 18
    1Y SIP Return % 12.70 9.72 0.03 | 22.41 5 | 29
    3Y SIP Return % 18.00 19.00 13.74 | 28.65 18 | 26
    5Y SIP Return % 18.35 20.24 14.43 | 27.48 18 | 25
    7Y SIP Return % 18.19 20.23 15.42 | 23.29 17 | 20
    10Y SIP Return % 15.48 17.88 13.91 | 20.34 17 | 18
    Standard Deviation 13.57 14.38 12.14 | 18.45 6 | 26
    Semi Deviation 9.80 10.68 8.61 | 14.44 5 | 26
    Max Drawdown % -16.91 -18.42 -24.27 | -13.76 6 | 26
    VaR 1 Y % -14.82 -18.30 -22.97 | -12.04 3 | 26
    Average Drawdown % -7.23 -7.05 -8.94 | -4.76 15 | 26
    Sharpe Ratio 1.07 1.21 0.83 | 1.60 18 | 26
    Sterling Ratio 0.78 0.85 0.64 | 1.12 15 | 26
    Sortino Ratio 0.54 0.60 0.41 | 0.83 15 | 26
    Jensen Alpha % -1.60 0.49 -5.49 | 7.72 18 | 26
    Treynor Ratio 0.16 0.19 0.13 | 0.26 19 | 26
    Modigliani Square Measure % 22.39 24.23 18.30 | 30.96 16 | 26
    Alpha % -3.31 -1.28 -6.15 | 7.93 17 | 26
    Return data last Updated On : July 18, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2025
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Franklin India Equity Advantage Fund NAV Regular Growth Franklin India Equity Advantage Fund NAV Direct Growth
    18-07-2025 193.1325 212.1684
    17-07-2025 194.2682 213.4119
    16-07-2025 194.5083 213.6715
    15-07-2025 194.4013 213.5499
    14-07-2025 193.6359 212.7049
    11-07-2025 192.7695 211.7409
    10-07-2025 194.18 213.286
    09-07-2025 194.6322 213.7785
    08-07-2025 194.6912 213.8392
    07-07-2025 194.3962 213.511
    04-07-2025 194.8317 213.9769
    03-07-2025 194.8156 213.955
    02-07-2025 195.5879 214.799
    01-07-2025 195.9415 215.1831
    30-06-2025 196.0634 215.3128
    27-06-2025 195.809 215.0209
    26-06-2025 195.3248 214.485
    25-06-2025 194.7327 213.8307
    24-06-2025 192.5009 211.3759
    23-06-2025 191.2274 209.9734
    20-06-2025 191.4353 210.1894
    19-06-2025 188.2531 206.6915
    18-06-2025 189.4659 208.019

    Fund Launch Date: 17/Jan/2005
    Fund Category: Large & Mid Cap Fund
    Investment Objective: To provide medium to long-term capital appreciation by investing primarily in Large and Mid-cap stocks
    Fund Description: An open ended equity scheme investing in both large cap and mid cap stocks
    Fund Benchmark: Nifty LargeMidcap 250
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.