Should I invest in Franklin India Income Opportunities Fund - Direct?

We don't give personal investment advice. Franklin India Income Opportunities Fund - Direct - Growth is suitable for an investor whose:time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ yearsprimary goal is capital preservation or steady accrual, not high growthtax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 13.7%. 5-year CAGR: 6.74%.

Franklin India

Franklin India Income Opportunities Fund - Direct - Growth

Latest NAV

₹26.5759

As of

12 Dec 2021

2,154 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.02%	+34.65%	-34.64	16 / 17	Q4
1W	+0.05%	+14.63%	-14.58	16 / 20	Q4
2W	+0.24%	+27.62%	-27.37	16 / 18	Q4
1M	+0.42%	+27.72%	-27.30	3 / 18	Q1
3M	+2.14%	+28.88%	-26.73	3 / 18	Q1
6M	+4.70%	+31.16%	-26.46	3 / 18	Q1
YTD	+13.87%	+29.50%	-15.63	3 / 18	Q1
1Y	+15.80%	+36.64%	-20.84	3 / 18	Q1
2Y	+5.02%	+16.81%	-11.78	17 / 17	Q4
3Y	+5.41%	+7.37%	-1.97	15 / 15	Q4
4Y	+6.05%	+7.49%	-1.44	13 / 14	Q4
5Y	+6.74%	+6.85%	-0.11	6 / 14	Q2
7Y	+7.60%	+6.81%	+0.79	6 / 13	Q2
10Y	—	—	—	—	—
Inception	+8.34%	+11.10%	-2.76	8 / 17	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2021 YTD	+13.87%	+3.88%	+9.99	2 / 15
2020	-3.94%	+6.04%	-9.98	12 / 13
2019	+6.15%	+5.23%	+0.93	9 / 13
2018	+8.71%	+6.32%	+2.39	1 / 13
2017	+9.26%	+6.95%	+2.30	1 / 13
2016	+9.16%	+11.98%	-2.82	13 / 13
2015	+10.32%	+9.00%	+1.32	1 / 2
2014	+12.61%	+13.05%	-0.45	2 / 2
2013	+9.17%	+9.17%	+0.00	1 / 1

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+8.24%

97 windows

min -11.2% · max 22.0%

91% positive

3-Year rolling

+8.01%

73 windows

min 1.0% · max 11.1%

100% positive

5-Year rolling

+8.16%

49 windows

min 4.5% · max 10.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

+7.70%

24 windows

min 6.6% · max 8.8%

100% positive

Limited basis — fund is young, so this average may be skewed by which 7Y windows happen to be available.

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

6.53%

3-year · annualised

Sharpe ratio

-0.15

vs risk-free 6.5%

Sortino ratio

-0.20

Downside-only deviation

Max drawdown

-13.70%

Jan 2020 → Aug 2020

% positive months

80.6%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Medium Duration Fund

Scheme	Fund house	NAV	As of
HDFC Medium Term Debt Fund - Growth Option - Direct Plan	HDFC	₹64.2390	3 Jun 2026
Nippon India Medium Duration Fund - Direct Plan - Growth Option	Nippon India	₹17.9334	3 Jun 2026
SBI MEDIUM DURATION FUND - DIRECT PLAN - GROWTH	SBI	₹57.9957	3 Jun 2026
ICICI Prudential Medium Term Bond Fund - Direct Plan - Growth	ICICI Prudential	₹52.2680	3 Jun 2026
Invesco India Medium Duration Fund - Direct Plan - Growth	Invesco	₹1,326.1840	3 Jun 2026
Bandhan Medium Duration Fund - Direct Plan - Growth	Bandhan	₹51.8959	3 Jun 2026
Aditya Birla Sun Life Medium Term Plan - Growth - Direct Plan	Aditya Birla Sun Life	₹46.7093	3 Jun 2026
Kotak Medium Term Fund - Direct Growth	Kotak	₹26.7884	3 Jun 2026
DSP Bond Fund - Direct Plan - Growth	DSP	₹90.1440	3 Jun 2026
HSBC Medium Duration Fund - Direct Growth	HSBC	₹23.3626	3 Jun 2026

Recent NAVs

Date	NAV
12 Dec 2021	₹26.5759
10 Dec 2021	₹26.5713
9 Dec 2021	₹26.5704
8 Dec 2021	₹26.5681
7 Dec 2021	₹26.5658
6 Dec 2021	₹26.5635
3 Dec 2021	₹26.5563
2 Dec 2021	₹26.5540
1 Dec 2021	₹26.5520
30 Nov 2021	₹26.5503

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 12 Dec 2021, the NAV of Franklin India Income Opportunities Fund - Direct - Growth is ₹26.5759. It's a Medium Duration Fund from Franklin India, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Franklin India Income Opportunities Fund - Direct - Growth has NAV history starting from 01 Jan 2013, a track record of about 13 years 5 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Franklin India Income Opportunities Fund - Direct - Growth is managed by Franklin India. It's classified by AMFI under the 'Medium Duration Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Franklin India Income Opportunities Fund - Direct - Growth has delivered a absolute return of 15.80% — -20.84 pp behind the Medium Duration Fund category average of 36.64%. The fund ranks #3 of 18 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Franklin India Income Opportunities Fund - Direct - Growth has delivered a CAGR of 5.41% — -1.97 pp behind the Medium Duration Fund category average of 7.37%. The fund ranks #15 of 15 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Franklin India Income Opportunities Fund - Direct - Growth has delivered a CAGR of 6.74% — -0.11 pp behind the Medium Duration Fund category average of 6.85%. The fund ranks #6 of 14 in its category — the second (Q2) quartile.

₹1 lakh invested in Franklin India Income Opportunities Fund - Direct - Growth exactly 5 years ago would be worth approximately ₹138,576 today — a multiplier of 1.39×, based on the 5-year CAGR of 6.74%. The category average over the same window would have grown ₹1 lakh to ₹139,270.

A ₹10,000 monthly SIP in Franklin India Income Opportunities Fund - Direct - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹709,354 today. That's an XIRR (money-weighted annualised return) of 6.62%.

Franklin India Income Opportunities Fund - Direct - Growth doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹1,077,391 — XIRR 6.99%.

On a 5-year basis, Franklin India Income Opportunities Fund - Direct - Growth ranks #6 out of 14 funds in the Medium Duration Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 6.85%; this fund delivered 6.74%.

The worst peak-to-trough decline Franklin India Income Opportunities Fund - Direct - Growth has experienced over the last 5-year window is 13.70% — its NAV fell from a high on 13 Jan 2020 to a low on 31 Aug 2020. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Franklin India Income Opportunities Fund - Direct - Growth averaged 8.16% (best 10.53%, worst 4.54%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.03 — weak risk-adjusted performance.

In calendar year 2020, Franklin India Income Opportunities Fund - Direct - Growth returned -3.94% — lagging the Medium Duration Fund category average of 6.04% by 9.98 pp. It ranked #12 of 13 in its category that year.

Franklin India Income Opportunities Fund - Direct - Growth is classified as a Debt fund. For units acquired on or after 1 April 2023, all gains are taxed at your income-tax slab rate regardless of holding period — there's no LTCG concession or indexation. For pre-April-2023 units, the old rules with indexation still apply on long-term gains.

We don't give personal investment advice. Franklin India Income Opportunities Fund - Direct - Growth is suitable for an investor whose:

time horizon matches the fund's modified duration — short-duration funds for 1-3 year goals, long-duration for 7+ years
primary goal is capital preservation or steady accrual, not high growth
tax slab is moderate — high-slab investors should evaluate post-tax yield against tax-free alternatives (PPF, tax-free bonds)

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 13.7%. 5-year CAGR: 6.74%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Franklin India Income Opportunities Fund - Direct - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Medium Duration Fund

Recent NAVs

Frequently asked questions

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