What is portfolio turnover?
The lower of total purchases or total sales during the year, divided by average AUM. It’s a proxy for trading activity - not returns, not risk, just how often the manager is actually changing what’s in the portfolio.
Turnover = min(Purchases, Sales) / Average AUM
AMFI-disclosed figure, reported by each fund house directly.
Real comparison across 6 funds
CHART
Portfolio Turnover - 6 real funds
Total portfolio turnover ratio (%), as disclosed by the AMC.
Funds compared: Canara Robeco Flexi Cap Fund - Direct Plan - Growth · Canara Robeco Large and Mid Cap Fund - Direct Plan - Growth · Bandhan Large Cap Fund - Direct Plan - Growth · Franklin India Small Cap Fund - Direct - Growth · Franklin India Large Cap Fund - Direct - Growth · Canara Robeco Infrastructure Fund - Direct Plan - Growth
WHAT THIS MEANS FOR YOU The gap between funds here can be enormous - some funds barely trade year to year (under 1%), others turn over a large share of the book. High turnover isn’t automatically bad, but it does mean more transaction costs and more short-term capital gains events passed through to you, even in a Direct plan.
METHODOLOGY Sourced directly from AMFI’s fund disclosure, not independently recomputed by Punji. Data: July-2026 disclosure via Punji. Not investment advice.