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Franklin India Multi-Factor Fund- Direct- Growth vs Franklin India Opportunities Fund - Direct - Growth
Franklin India Multi-Factor Fund- Direct- Growth and Franklin India Opportunities Fund are both in the Sectoral/ Thematic category, from Franklin Templeton Asset Management (India) Private Limited. 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 0.20 percentage points.
| Franklin India Multi-Factor 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 | BSE 200 TRI | Nifty 500 TRI |
| NAV | ₹8.9288 (2026-10-28) | ₹276.9738 (2026-10-28) |
| AUM | ₹577.72 Cr | ₹9,055.35 Cr |
| Expense Ratio (Direct) | 1.08% | 0.88% |
| Inception | 2025-11-10 | 2000-02-21 |
Returns
This fund is less than a year old, so there is not yet enough history to calculate rolling returns.
Risk Metrics
This fund is less than three years old, so a three-year risk history does not exist yet.
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 India Multi-Factor Fund- Direct- Growth | Franklin India Opportunities Fund - Direct - Growth | |
|---|---|---|
| P/E Ratio | 18.726 | 32.3127 |
| P/B Ratio | - | - |
| Dividend Yield | 1.5957% | 0.5729% |
| Active Share | 40.83% | 84.75% |
| Portfolio Turnover | 54.81% | 73.50999999999999% |
| YTM | - | 5.3428% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Franklin India Multi-Factor Fund- Direct- Growth has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, Franklin India Multi-Factor Fund- Direct- Growth or Franklin India Opportunities Fund?
Franklin India Opportunities Fund's direct-plan expense ratio is 0.20 percentage points lower than Franklin India Multi-Factor Fund- Direct- Growth'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.
Why don't Franklin India Multi-Factor Fund- Direct- Growth and Franklin India Opportunities Fund show risk metrics like Sharpe ratio or alpha?
This fund is less than three years old, so a three-year risk history does not exist yet. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Franklin India Multi-Factor Fund- Direct- Growth or Franklin India Opportunities Fund?
Franklin India Opportunities Fund has ₹9,055 Cr in assets under management, versus ₹578 Cr for Franklin India Multi-Factor Fund- Direct- Growth. 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 India Multi-Factor Fund- Direct- Growth or Franklin India Opportunities Fund?
Franklin India Opportunities Fund launched on 2000-02-21, making it older than Franklin India Multi-Factor Fund- Direct- Growth (launched 2025-11-10). 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.