March 26, 2026
RA Jainee
Franklin India Dividend Yield Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 141.98 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 25.42 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY 500 TRI |
| AUM Rs. | 2,409 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.24% |
| 1 Year Return (%) | -2.76 |
| 3 Year Return (%) | 14.94 |
| 5 Year Return (%) | 16.56 |
| 10 Year Return (%) | 15.94 |
| Return Since Launch | 14.61% |
⚖️ Sahifund Review – Franklin India Dividend Yield Fund ✔
PLUS: Stability, track record, cost efficiency
✓ Strong long-term consistency with ~15%+ returns across 5–10 years
✓ Reasonable benchmark alignment with steady performance vs NIFTY 500 TRI
✓ Diversified portfolio (44 stocks) with balanced sector allocation
✓ Value-oriented dividend strategy offers downside cushion in volatile markets
✓ Suitable for SIP investors looking for stability + income-oriented equity
✓ Backed by credible fund house Franklin Templeton with experienced fund managers
✓ Portfolio valuation (P/E ~15) indicates relatively disciplined investing
MINUS: Large AUM, large-cap bias, momentum lag
⚖️ Weak recent performance (1-year negative return) indicates momentum lag
⚖️ Underperformance vs peers like ICICI Pru & UTI in medium term
⚖️ Expense ratio (1.24%) on higher side vs category peers
⚖️ Large-cap tilt (~67%) may limit sharp upside in bull markets
⚖️ Dividend yield strategy can underperform in growth-driven rallies
⚖️ Moderate turnover (~33%) suggests active churn but not aggressive alpha
Sahifund View (Decisive Line):
A stable, value-driven fund for disciplined long-term SIP investors — but not ideal for those chasing short-term momentum or aggressive returns.
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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?
Dividend Yield funds are suitable for investors:
1. Seeking exposure in shares of companies with high dividend yield 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 a combination of regular income and long-term capital appreciation by investing primarily in stocks that have a current or potentially attractive dividend yield, by using a value strategy.
Fund Manager:
1) Ajay Argal
Education: Mr. Argal is a B.Tech from (IIT,Mumbai) & PGDM (IIM,Bangalore).
Experience: Prior to joining Franklin Templeton Asset Management (India) Pvt. Ltd., he has worked with Baring Asset Management (Asia) Ltd., Aditya Birla Sunlife Mutual Fund and UTI AMC where he handled various aspects of investments function including managing offshore funds, equity funds, balanced funds, equity research & equity dealing.
2) Rajasa Kakulavarapu
Education: Ms. Kakulavarapu has done B.Tech and MBA.
Experience: Prior to joining Franklin Templeton Mutual Fund, she has worked with Jefferies India Pvt. Ltd. and Credit Suisse Securities (India) Pvt. 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 Dividend Yield Fund
| Fund House | Franklin Templeton Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 14.61% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 2,409 Cr |
| (As on 28-Feb-2026) | |
| Expense | 1.24% |
| (As on 28-Feb-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 32.99% |
Franklin India Dividend Yield Fund Returns
| Fund name | ||||||||||
| Franklin India Dividend Yield Dir | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| BSE 500 TRI | -7.84 | 1.35 | -8.25 | -7.69 | -5.69 | -2.76 | 14.94 | 16.56 | 16.61 | 15.94 |
| Equity: Thematic-Dividend Yield | -11.74 | 1.95 | -9.62 | -11.66 | -9.05 | -1.62 | 14.57 | 12.52 | 13.22 | 13.90 |
| Rank within category | -9.40 | 1.73 | -8.69 | -9.22 | -6.49 | 0.11 | 17.48 | 17.03 | 16.04 | 15.41 |
| Number of funds in category | 1 | 11 | 3 | 1 | 3 | 10 | 8 | 4 | 2 | 2 |
| 10 | 11 | 11 | 10 | 10 | 10 | 9 | 7 | 5 | 5 |
Peer Comparison of Franklin India Dividend Yield 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 Dividend Yield Dir | Unrated | -2.76 | 14.94 | 16.56 | 1.24 | 2,409 | 14.61 | 1.00 (365) | 13Y 2M | 32.99 |
| SBI Dividend Yield Dir | Unrated | 0.28 | 13.51 | — | 0.80 | 8,987 | 13.22 | 1.00 (30) | 3Y | 19.00 |
| ICICI Pru Dividend Yield Equity Dir | Unrated | 2.11 | 21.64 | 21.77 | 0.57 | 6,531 | 15.64 | 1.00 (365) | 11Y 10M | 35.00 |
| HDFC Dividend Yield Dir | Unrated | -1.98 | 16.25 | 17.39 | 0.78 | 5,853 | 18.23 | 1.00 (365) | 5Y 3M | 5.75 |
| UTI Dividend Yield Dir | Unrated | 0.28 | 18.73 | 15.69 | 1.45 | 3,880 | 13.15 | 1.00 (364) | 13Y 2M | 15.00 |
Franklin India Dividend Yield Fund Portfolio
| No. of Stocks | 44 |
| Top 10 Stocks | 36.62% |
| Top 5 Stocks | 21.98% |
| Top 3 Sectors | 49.87% |
| Portfolio P/B Ratio | 2.60 |
| Portfolio P/E Ratio | 15.45 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,06,256 | 2,13,167 |
| Giant (%) | — | — |
| Large (%) | 67.18 | 72.18 |
| Mid (%) | 16.95 | 14.85 |
| Small (%) | 15.87 | 12.96 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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