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Arbitrage · Hybrid

Franklin India Arbitrage Fund

Franklin Templeton Asset Management (India) Private Limited
Benchmark
Nifty 50 Arbitrage Index
Riskometer
Low
Size
₹1,994 cr
Allotted
19 Nov 2024
Holdings as of
30 Sep 2026

Franklin India Arbitrage Fund is a arbitrage fund of Franklin Templeton Asset Management (India) Private Limited with ₹1,994 cr under management. It is ahead of its benchmark (Nifty 50 Arbitrage Index) in 0 of 1 periods. Its direct plan charges 1.20% a year. Mukesh Jain has managed it for 1.3 years.

Has Franklin India Arbitrage Fund beaten its benchmark?

Ahead of its benchmark, Nifty 50 Arbitrage Index, in 0 of 1 periods in AMFI's figures; +6.94% over the last year against +7.01%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month+0.56% −3.60% —
3 months+1.50% −5.03% —
6 months+3.19% −1.83% —
1 year+6.94% −4.06% +11.00 pts
3 years— +9.27% —
5 years— +8.00% —
10 years— +12.69% —
Since start
from 19 Nov 2024
+6.99%——
Valarth price history to 13 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (Nifty 50 Arbitrage Index) in 0 of 1 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +6.94%+6.18%+7.01% −0.07 🔒
3y ——— — —
5y ——— — —
10y ——— — —
Ahead in points a year · its rank among Arbitrage funds, and how steady the lead is, in the app

Value of 100, month-end

Nov 2024 to 13 Oct 2026
50100150 2025
Fund 114Nifty 500 TRI 99

₹100 put in at the start of Nov 2024 would be ₹114 on 13 Oct 2026, against ₹99 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does Franklin India Arbitrage Fund cost?

1.20% a year on the direct plan, 1.97% on the regular plan; 11 of 40 funds in its category charge less.

Direct plan
1.20% a year
Category median 1.44%
Regular plan
1.97% a year
Category median 2.07%
Gap
0.77 points
for the same holdings
11 of 40 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Hybrid Scheme - Arbitrage Fund

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Franklin India Arbitrage Fund?

Mukesh Jain, since 7 Jul 2025; Rajasa Kakulavarapu, since None; Rohan Maru, since 7 Jul 2025.

Mukesh Jain
Equity
1.3 years
since 7 Jul 2025
Rajasa Kakulavarapu
None years
since None
Rohan Maru
1.3 years
since 7 Jul 2025
Benchmark as filedNifty 50 Arbitrage Index
Exit load
In respect of each purchase of Units – • NIL Exit load – for 10% of the units purchased or switched on or before 30 days from the date of allotment. o The “First In First Out (FIFO)” logic will be applied while selecting the units for redemption o Waiver of Exit load is calculated for each inflow transaction separately on FIFO basis and not on the total units through multiple inflows o The load free units from purchases made subsequent to the initial purchase will be available only after redeeming all units from the initial purchase • All units redeemed /switched-out in excess of the 10% load
From 122 Scheme Summary Documents filed with NSE, first on 12 Apr 2026; as on 13 Oct 2026

What does Franklin India Arbitrage Fund hold?

146 holdings as of 30 Sep 2026; the ten largest are 43.9% of the fund, the largest ICICI Bank Ltd !! ~~ at 6.0%.

Mix

Holdings as of 30 Sep 2026
Equity71.4%Debt14.5%Cash1.9%Other12.2%
Holdings
146
133 shares
Top ten
43.9%
of the fund
Effective holdings
33.2
spread, as if equal-weighted
Matched to our table
100%
of the equity

Five largest

% of fund
ICICI Bank Ltd !! ~~6.04%
HDFC Bank Ltd ! ~~5.79%
Reliance Industries Ltd ## ~~4.13%
Axis Bank Ltd # *3.37%
Bharti Airtel Ltd ## !!2.55%

Five largest industries

% of fund
Banks32.9%
Telecom - Services7.60%
Petroleum Products5.90%
Automobiles5.80%
Pharmaceuticals & Biotechnology4.20%

By company size

% of equity · SEBI size lists
Large Cap72.7%Mid Cap24.8%Small Cap2.5%

How does Franklin India Arbitrage Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Franklin India Arbitrage Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker
Nearest to the Nifty 50: 45% of it differs from the index (an active fund is usually above 60%).
Active share 45.4%60%

Funds that hold much the same

% of holdings in common
Nippon India Arbitrage Fund65.2% the same
120 shared holdings
ADITYA BIRLA SUN LIFE ARBITRAGE FUND64.8% the same
130 shared holdings
HDFC Arbitrage Fund62.2% the same
121 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Franklin India Arbitrage Fund?

Mukesh Jain (Equity) since 7 Jul 2025; Rajasa Kakulavarapu (manager) since None; Rohan Maru (manager) since 7 Jul 2025.

What is the expense ratio of Franklin India Arbitrage Fund?

1.20% a year on the direct plan and 1.97% on the regular plan (expense report, Oct 2026).

Inside the app

See Franklin India Arbitrage Fund beside your own funds in Valarth

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A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

Franklin India Arbitrage Fund in the app: beside your own funds, with what you own through them

See the full analysis in the app →See pricing
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