Franklin India NSE Nifty 50 Index Fund
The open end index linked growth scheme with the objective to invest in companies whose securities are included in the Nifty and subject to tracking errors, endeavouring to attain results commensurate with Nifty 50 Index under NSE Nifty Plan, and to provide returns that, before expenses, closely correspond to the total return of common stocks as represented by the S&P BSE Sensex under S&P BSE Sensex Plan.
Growthvine rating: 2/5 — ranked #130 of 244 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹196.77 (as of 2026-08-21) |
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| AUM | ₹733 Cr |
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| Expense ratio | 0.55% |
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| Riskometer | Very High |
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| Fund manager | Shyam Sundar Sriram |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 9.85% |
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| Sharpe ratio | 0.21 |
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| Standard deviation | 13.60% |
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| Max drawdown | -59.53% |
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| Alpha | -1.96 |
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| Beta | 0.94 |
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Market cap allocation
| Large cap | 98.6% |
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| Mid cap | 1.4% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 36.7% |
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| Top 10 holdings | 52.6% |
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| Total holdings | 50 |
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Top holdings
- HDFC Bank Ltd. — 10.2%
- ICICI Bank Ltd. — 9.2%
- Reliance Industries Ltd — 7.9%
- Bharti Airtel Ltd. — 5.3%
- Larsen & Toubro Limited — 4.1%
- State Bank Of India — 3.8%
- Infosys Ltd — 3.5%
- AXIS Bank Ltd. — 3.2%
- Bajaj Finance Limited — 2.7%
- Mahindra & Mahindra Ltd. — 2.7%
Top sectors
- Banking & Financial — 29.4%
- Software & Services — 8.3%
- Petroleum Products — 7.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -6.7% | — | — |
| 2025 | 11.3% | — | — |
| 2024 | 9.5% | — | — |
| 2023 | 20.2% | — | — |
| 2022 | 4.9% | — | — |