Dynamic Asset Allocation or Balanced Advantage · Hybrid

Franklin India Balanced Advantage Fund

Franklin Templeton Asset Management (India) Private Limited

Benchmark

NIFTY 50 Hybrid Composite Debt 50:50 Index

Riskometer

Very High

Size

₹2,659 cr

Allotted

6 Sep 2022

Holdings as of

30 Sep 2026

Franklin India Balanced Advantage Fund is a dynamic asset allocation or balanced advantage fund of Franklin Templeton Asset Management (India) Private Limited with ₹2,659 cr under management. It is ahead of its benchmark (NIFTY 50 Hybrid Composite Debt 50:50 Index) in 2 of 2 periods. Its direct plan charges 0.80% a year. Rajasa Kakulavarapu has managed it for 4.1 years.

Has Franklin India Balanced Advantage Fund beaten its benchmark?

Ahead of its benchmark, NIFTY 50 Hybrid Composite Debt 50:50 Index, in 2 of 2 periods in AMFI's figures; −2.19% over the last year against −4.16%.

Period returns

Direct Plan, growth · 3y and longer a year

Period	Fund	Nifty 500 TRI	Ahead
1 month	−3.17%	−3.60%	—
3 months	−2.93%	−5.03%	—
6 months	−0.31%	−1.83%	—
1 year	−2.19%	−4.06%	+1.87 pts
3 years	+8.71%	+9.27%	−0.56 pts
5 years	—	+8.00%	—
10 years	—	+12.69%	—
Since start from 6 Sep 2022	+10.21%	—	—

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 Hybrid Composite Debt 50:50 Index) in 2 of 2 periods.

Period	Direct	Regular	Benchmark	Ahead	Rank
1y	−2.19%	−3.57%	−4.16%	+1.97	🔒
3y	+8.70%	+7.09%	+5.99%	+2.71	🔒
5y	—	—	—	—	—
10y	—	—	—	—	—

Ahead in points a year · its rank among Dynamic Asset Allocation or Balanced Advantage funds, and how steady the lead is, in the app

Value of 100, month-end

Sep 2022 to 13 Oct 2026

Fund 150Nifty 500 TRI 154

₹100 put in at the start of Sep 2022 would be ₹150 on 13 Oct 2026, against ₹154 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 Balanced Advantage Fund cost?

0.80% a year on the direct plan, 2.22% on the regular plan; 3 of 22 funds in its category charge less.

Direct plan

0.80% a year

Category median 1.04%

Regular plan

2.22% a year

Category median 2.24%

Gap

1.42 points

for the same holdings

3 of 22 funds in its category charge less on the direct plan.

Expense report, Oct 2026 · Hybrid Scheme - Dynamic Asset Allocation or Balanced Advantage

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 Balanced Advantage Fund?

Rajasa Kakulavarapu, since 6 Sep 2022; Chandni Gupta, since 7 Mar 2024; Sandeep Manam, since 6 Sep 2022.

Rajasa Kakulavarapu

Equity

4.1 years

since 6 Sep 2022

Chandni Gupta

Venkatesh Sanjeevi Debt

2.6 years

since 7 Mar 2024

Sandeep Manam

Dedicated Fund Manager for overseas investments

4.1 years

since 6 Sep 2022

Benchmark as filedNIFTY 50 Hybrid Composite Debt 50:50 Index

Exit load

In respect of each purchase of Units • Upto 10% of the Units may be redeemed without any exit load within 1 year from the date of allotment*. • Any redemption in excess of the above limit shall be subject to the following exit load: o 1.00% - if redeemed on or before 1 year from the date of allotment o Nil - if redeemed after 1 year from the date of allotment * This condition is applicable on a yearly basis. In case of multiple transactions, Units will be redeemed on First In First Out (FIFO) basis the date of allotment of such units. If the limit is not availed during a year, it shall not be

From 122 Scheme Summary Documents filed with NSE, first on 12 Apr 2026; as on 13 Oct 2026

What does Franklin India Balanced Advantage Fund hold?

83 holdings as of 30 Sep 2026; the ten largest are 29.6% of the fund, the largest 0.00% Jubilant Bevco Ltd (31-May-2028) at 5.0%.

Mix

Holdings as of 30 Sep 2026

Equity90.0%Debt8.1%Cash1.9%Other0.0%

Holdings

65 shares

Top ten

29.6%

of the fund

Effective holdings

48.1

spread, as if equal-weighted

Matched to our table

76%

of the equity

Five largest

% of fund

0.00% Jubilant Bevco Ltd (31-May-2028)4.98%

HDFC Bank Ltd # ~~3.39%

ICICI Bank Ltd ^ ~~3.33%

0.00% Jubilant Beverages Ltd (31-May-2028) **3.09%

Bharti Airtel Ltd !! ~~3.04%

Five largest industries

% of fund

Banks14.6%

CRISIL AAA13.8%

CRISIL AA9.00%

Automobiles4.60%

Auto Components4.30%

By company size

% of equity · SEBI size lists

Large Cap58.5%Mid Cap17.4%Small Cap24.1%

How does Franklin India Balanced Advantage 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 Balanced Advantage 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.

not an index tracker

Nearest to the Nifty 50: 66% of it differs from the index (an active fund is usually above 60%).

Active share 65.6%60%

Funds that hold much the same

% of holdings in common

Franklin India Aggressive Hybrid Fund89.8% the same

60 shared holdings

Franklin India Retirement Fund49.6% the same

52 shared holdings

Franklin India Flexi Cap Fund ( Formerly known as Franklin India Equity Fund) ^47.9% the same

27 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 Balanced Advantage Fund?

Rajasa Kakulavarapu (Equity) since 6 Sep 2022; Chandni Gupta (Venkatesh Sanjeevi Debt) since 7 Mar 2024; Sandeep Manam (Dedicated Fund Manager for overseas investments) since 6 Sep 2022.

What is the expense ratio of Franklin India Balanced Advantage Fund?

0.80% a year on the direct plan and 2.22% on the regular plan (expense report, Oct 2026).

How has Franklin India Balanced Advantage Fund done?

Its direct plan returned +8.70% a year over 3 years against +5.99% for its benchmark, NIFTY 50 Hybrid Composite Debt 50:50 Index, as of 13 Oct 2026.