March 28, 2026
RA Jainee
Franklin India Large & Mid Cap Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 204.93 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 24.31 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY Large Midcap 250 TRI |
| AUM Rs. | 3,464 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.33% |
| 1 Year Return (%) | 7.30 |
| 3 Year Return (%) | 15.97 |
| 5 Year Return (%) | 12.82 |
| 10 Year Return (%) | 12.65 |
| Return Since Launch | 13.65% |
⚖️ Sahifund Review – Franklin India Large & Mid Cap Fund ✔
PLUS: Stability, track record, cost efficiency
Franklin India Large & Mid Cap Fund benefits from a long operating history of over a decade, offering investors comfort of strategy continuity and experience across multiple market cycles. The fund has delivered reasonable long-term returns (~12–13% CAGR over 5–10 years), indicating steady compounding ability. Its portfolio is well-balanced across large, mid and small caps, providing diversification beyond pure large-cap exposure. With around 49 stocks and moderate concentration, the fund avoids excessive stock-specific risk. Backed by the global pedigree of Franklin Templeton Mutual Fund, it carries strong research-driven investment processes. The category itself remains relevant for investors seeking a blend of stability (large caps) and growth (mid caps), making it suitable for disciplined SIP-based investing.
MINUS: Large AUM, large-cap bias, momentum lag
The fund has clearly underperformed peers and category averages, especially over 3-year and 5-year periods, which is a major concern. Its 1-year return of 7.30% is below category average, indicating weak recent momentum. The expense ratio of 1.33% is relatively high, especially when compared to better-performing peers with lower costs. The fund also carries a high turnover ratio (~95%), suggesting frequent portfolio churn without corresponding alpha generation. Despite diversification, returns appear muted due to lack of strong conviction bets, leading to possible return dilution. Compared to leading funds in the category, it fails to stand out on performance metrics, making it less attractive for new allocations. Investors should also note that large & midcap funds can lag during sharp midcap rallies if allocation is not aggressively positioned.
Sahifund View (Decisive Line):
A stable but underperforming fund, suitable only for existing investors to hold via SIP, while fresh investors may find better-performing alternatives in the same category.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Large & MidCap funds are suitable for investors:
1. Seeking exposure in large and mid-cap stocks for high returns
2. Aiming for long-term wealth creation
3. With a 5+ year investment horizon
4. Who are at ease with the market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to provide medium to long-term capital appreciation by investing primarily in Large and Mid-cap stocks.
Fund Manager:
1) R Janakiraman
Education: Mr. Janakiraman is a B.E and PGDM (Business Management).
Experience: Prior to joining Franklin Templeton Investments, he has worked with Indian Syntans Inv. Pvt. Ltd., Citicorp Information Tech Ltd. and UTI Securities Exchange Ltd.
2) Venkatesh Sanjeevi
Education: Mr. Sanjeevi is a PGDM (IIM- Ahmedabad), CA, B.Com
Experience: Prior to joining Franklin Templeton Asset Management (India) Pvt. Ltd., he has worked with Pictet Asset Management, London, ICICI Prudential AMC, Edelweiss Asset Mgmt. Ltd., Edelweiss Securities Ltd. and Hindustan Unilever Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of Franklin India Large & Mid Cap Fund
| Fund House | Franklin Templeton Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 13.65% |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 3,464 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.33% |
| (As on 28-Feb-2026) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 95.23% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India Large & Mid Cap Dir | -10.37 | 0.88 | -8.02 | -9.70 | -9.75 | 7.30 | 15.97 | 12.82 | 12.79 | 12.65 |
| BSE Large Mid Cap TRI | -8.96 | 0.81 | -8.08 | -7.62 | -6.72 | 7.38 | 14.90 | 13.13 | 13.19 | 14.19 |
| Equity: Large & MidCap | -8.07 | 0.89 | -7.61 | -6.84 | -7.25 | 8.68 | 17.81 | 15.73 | 15.91 | 15.85 |
| Rank within category | 58 | 37 | 43 | 60 | 54 | 39 | 28 | 25 | 20 | 18 |
| Number of funds in category | 64 | 64 | 64 | 64 | 64 | 56 | 36 | 27 | 21 | 18 |
Peer Comparison of Franklin India Large & Mid Cap Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Franklin India Large & Mid Cap Dir | 3 star | 7.30 | 15.97 | 12.82 | 1.33 | 3,464 | 13.65 | 1.00 (365) | 13Y 2M | 95.23 |
| SBI Large & Midcap Dir | 4 star | 12.02 | 17.92 | 17.11 | 0.72 | 38,766 | 16.40 | 0.10 (30) | 13Y 2M | 26.00 |
| HDFC Large and Mid Cap Dir | 4 star | 8.67 | 19.09 | 17.59 | 0.86 | 28,580 | 12.94 | 1.00 (365) | 13Y 2M | 3.36 |
| ICICI Pru Large & Mid Cap Dir | 5 star | 9.56 | 20.47 | 19.50 | 0.77 | 28,506 | 15.85 | 1.00 (30) | 13Y 2M | 59.00 |
| Motilal Oswal Large and Midcap Dir | 4 star | 15.38 | 24.48 | 20.39 | 0.75 | 15,017 | 21.06 | 1.00 (365) | 6Y 5M | 46.00 |
Portfolio Analysis of Franklin India Large & Mid Cap Fund
| No. of Stocks | 49 |
| Top 10 Stocks | 35.27% |
| Top 5 Stocks | 20.87% |
| Top 3 Sectors | 62.35% |
| Portfolio P/B Ratio | 4.21 |
| Portfolio P/E Ratio | 32.02 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,02,442 | 1,79,011 |
| Giant (%) | — | — |
| Large (%) | 40.44 | 60.93 |
| Mid (%) | 37.21 | 33.40 |
| Small (%) | 22.35 | 8.88 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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