COMPARE
Franklin Asian Equity Fund - Direct - Growth vs Franklin India Opportunities Fund - Direct - Growth
Franklin Asian Equity Fund and Franklin India Opportunities Fund are both in the Sectoral/ Thematic category, from Franklin Templeton Asset Management (India) Private Limited. Franklin Asian Equity Fund has posted a higher 3-year rolling CAGR. Franklin India Opportunities Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Franklin India Opportunities Fund has the lower direct-plan expense ratio, by 0.37 percentage points.
| Franklin Asian Equity Fund - Direct - Growth | Franklin India Opportunities Fund - Direct - Growth | |
|---|---|---|
| Category | Sectoral/ Thematic | Sectoral/ Thematic |
| AMC | Franklin Templeton Asset Management (India) Private Limited | Franklin Templeton Asset Management (India) Private Limited |
| Benchmark | 75% MSCI Asia (Ex-Japan) Standard Index + 25% Nifty 500 Index | Nifty 500 TRI |
| NAV | ₹46.3364 (2026-10-28) | ₹276.9738 (2026-10-28) |
| AUM | ₹901.01 Cr | ₹9,055.35 Cr |
| Expense Ratio (Direct) | 1.25% | 0.88% |
| Inception | 2007-11-19 | 2000-02-21 |
Returns
Franklin Asian Equity Fund leads on 3-year rolling CAGR (8.7% vs Franklin India Opportunities Fund's 19.1%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Franklin India Opportunities Fund has been the more volatile of the two by standard deviation.
| Franklin Asian Equity Fund - Direct - Growth | Franklin India Opportunities Fund - Direct - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.83 | 0.57 |
| 3Y Alpha | 3.152% | 7.869% |
| 3Y Std Deviation | 15.24% | 15.902% |
| 3Y Calmar Ratio | 1.39 | 0.90 |
Portfolio Analytics
Franklin India Opportunities Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Franklin Asian Equity Fund - Direct - Growth | Franklin India Opportunities Fund - Direct - Growth | |
|---|---|---|
| P/E Ratio | 27.9962 | 32.3127 |
| P/B Ratio | 15.3738 | - |
| Dividend Yield | 0.9313% | 0.5729% |
| Active Share | - | 84.75% |
| Portfolio Turnover | 56.97% | 73.50999999999999% |
| YTM | - | 5.3428% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Franklin India Opportunities Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a higher 3-year return, Franklin Asian Equity Fund or Franklin India Opportunities Fund?
Franklin Asian Equity Fund's 3-year rolling CAGR of 8.7% is higher than Franklin India Opportunities Fund's 19.1%. Franklin Asian Equity Fund sits in the 3rd percentile of its category on this metric, versus the 70th percentile for Franklin India Opportunities Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Franklin Asian Equity Fund or Franklin India Opportunities Fund?
Franklin India Opportunities Fund's direct-plan expense ratio is 0.37 percentage points lower than Franklin Asian Equity Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Franklin Asian Equity Fund or Franklin India Opportunities Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Franklin India Opportunities Fund has been more volatile than Franklin Asian Equity Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.83 for Franklin Asian Equity Fund vs 0.57 for Franklin India Opportunities Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Franklin Asian Equity Fund or Franklin India Opportunities Fund?
Franklin India Opportunities Fund has ₹9,055 Cr in assets under management, versus ₹901 Cr for Franklin Asian Equity Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Franklin Asian Equity Fund or Franklin India Opportunities Fund?
Franklin India Opportunities Fund launched on 2000-02-21, making it older than Franklin Asian Equity Fund (launched 2007-11-19). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.