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Franklin India Opportunities Fund - Direct - Growth vs Kotak Business Cycle - Direct Plan - Growth
Franklin India Opportunities Fund and Kotak Business Cycle are both in the Sectoral/ Thematic category, from Franklin Templeton Asset Management (India) Private Limited and Kotak Mahindra Asset Management Company Limited. respectively. Franklin India Opportunities Fund has posted a higher 3-year rolling CAGR. Kotak Business Cycle has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Kotak Business Cycle has the lower direct-plan expense ratio, by 0.11 percentage points.
| Franklin India Opportunities Fund - Direct - Growth | Kotak Business Cycle - Direct Plan - Growth | |
|---|---|---|
| Category | Sectoral/ Thematic | Sectoral/ Thematic |
| AMC | Franklin Templeton Asset Management (India) Private Limited | Kotak Mahindra Asset Management Company Limited. |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹276.9738 (2026-10-28) | ₹17.632 (2026-10-28) |
| AUM | ₹9,055.35 Cr | ₹3,385.183 Cr |
| Expense Ratio (Direct) | 0.88% | 0.7673% |
| Inception | 2000-02-21 | 2022-09-07 |
Returns
Franklin India Opportunities Fund leads on 3-year rolling CAGR (19.1% vs Kotak Business Cycle's 18.4%) - 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 India Opportunities Fund - Direct - Growth | Kotak Business Cycle - Direct Plan - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.57 | 0.47 |
| 3Y Alpha | 7.869% | 5.4877% |
| 3Y Std Deviation | 15.902% | 14.2673% |
| 3Y Calmar Ratio | 0.90 | 0.74 |
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 Opportunities Fund - Direct - Growth | Kotak Business Cycle - Direct Plan - Growth | |
|---|---|---|
| P/E Ratio | 32.3127 | 31.6126 |
| P/B Ratio | - | 4.4922 |
| Dividend Yield | 0.5729% | 0.7939% |
| Active Share | 84.75% | 77.04% |
| Portfolio Turnover | 73.50999999999999% | 26% |
| YTM | 5.3428% | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Franklin India Opportunities Fund and Kotak Business Cycle carry the same Punji Quality grade.
Frequently asked questions
Which has a higher 3-year return, Franklin India Opportunities Fund or Kotak Business Cycle?
Franklin India Opportunities Fund's 3-year rolling CAGR of 19.1% is higher than Kotak Business Cycle's 18.4%. Franklin India Opportunities Fund sits in the 70th percentile of its category on this metric, versus the 63rd percentile for Kotak Business Cycle - 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 India Opportunities Fund or Kotak Business Cycle?
Kotak Business Cycle's direct-plan expense ratio is 0.11 percentage points lower than Franklin India Opportunities 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 India Opportunities Fund or Kotak Business Cycle?
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 Kotak Business Cycle 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 (0.57 for Franklin India Opportunities Fund vs 0.47 for Kotak Business Cycle) 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 India Opportunities Fund or Kotak Business Cycle?
Franklin India Opportunities Fund has ₹9,055 Cr in assets under management, versus ₹3,385 Cr for Kotak Business Cycle. 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 Opportunities Fund or Kotak Business Cycle?
Franklin India Opportunities Fund launched on 2000-02-21, making it older than Kotak Business Cycle (launched 2022-09-07). 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.