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

We don't give personal investment advice. Franklin India Income Opportunities Fund - Direct - IDCW 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: 16.2%. 5-year CAGR: 1.61%.

Franklin India

Franklin India Income Opportunities Fund - Direct - IDCW

Latest NAV

₹12.4807

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%	+52.33%	-52.32	38 / 45	Q4
1W	+0.05%	+32.00%	-31.95	38 / 52	Q3
2W	+0.24%	+49.51%	-49.27	36 / 46	Q4
1M	+0.42%	+49.76%	-49.34	10 / 46	Q1
3M	+2.15%	+50.68%	-48.53	12 / 46	Q2
6M	+4.70%	+52.99%	-48.29	9 / 46	Q1
YTD	+13.87%	+49.92%	-36.05	9 / 46	Q1
1Y	+15.80%	+58.11%	-42.31	9 / 46	Q1
2Y	+4.02%	+18.22%	-14.20	26 / 45	Q3
3Y	+2.14%	+3.00%	-0.86	21 / 37	Q3
4Y	+1.62%	+3.75%	-2.13	21 / 35	Q3
5Y	+1.61%	+3.25%	-1.65	21 / 35	Q3
7Y	+1.50%	+2.19%	-0.69	16 / 31	Q3
10Y	—	—	—	—	—
Inception	+1.89%	+6.67%	-4.78	25 / 47	Q3

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%	-0.67%	+14.54	4 / 40
2020	-3.94%	-0.27%	-3.67	28 / 33
2019	-1.58%	+0.77%	-2.35	24 / 32
2018	+0.77%	+1.73%	-0.96	19 / 32
2017	+1.28%	+1.25%	+0.02	9 / 32
2016	+0.89%	+4.35%	-3.46	25 / 31
2015	+1.58%	+2.65%	-1.06	3 / 6
2014	+2.81%	+4.19%	-1.38	3 / 3
2013	+1.77%	+1.77%	+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

+1.34%

97 windows

min -14.5% · max 22.0%

73% positive

3-Year rolling

+0.62%

73 windows

min -4.6% · max 2.5%

78% positive

5-Year rolling

+0.69%

49 windows

min -2.1% · max 2.1%

73% positive

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

7-Year rolling

+0.52%

24 windows

min -1.0% · max 1.7%

75% 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

6.78%

3-year · annualised

Sharpe ratio

-0.61

vs risk-free 6.5%

Sortino ratio

-0.80

Downside-only deviation

Max drawdown

-16.17%

Mar 2019 → Aug 2020

% positive months

66.7%

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 - Fortnightly IDCW Opt - Direct Plan	HDFC	₹10.1151	3 Jun 2026
NIPPON INDIA MEDIUM DURATION FUND - SEGREGATED PORTFOLIO 2 - DIRECT Plan - IDCW Option	Nippon India	₹0.0000	3 Jun 2026
SBI Medium Duration Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹22.5440	3 Jun 2026
ICICI Prudential Medium Term Bond Fund - Direct Plan - Quarterly IDCW	ICICI Prudential	₹11.4292	3 Jun 2026
Invesco India Medium Duration Fund - Direct Plan - Discretionary IDCW (Payout/Reinvestment)	Invesco	₹1,326.0991	3 Jun 2026
Bandhan Medium Duration Fund - Direct Plan - Bi Monthly IDCW	Bandhan	₹10.5750	3 Jun 2026
Aditya Birla Sun Life Medium Term Plan - DIRECT - HALF YEARLY IDCW	Aditya Birla Sun Life	₹14.7184	3 Jun 2026
Kotak Medium Term Fund - Direct - Standard Income Distribution cum capital withdrawal option	Kotak	₹26.7908	3 Jun 2026
DSP Bond Fund - Direct Plan - IDCW	DSP	₹11.5232	3 Jun 2026
HSBC Medium Duration Fund - Direct Annual IDCW	HSBC	₹11.4485	3 Jun 2026

Recent NAVs

Date	NAV
12 Dec 2021	₹12.4807
10 Dec 2021	₹12.4785
9 Dec 2021	₹12.4781
8 Dec 2021	₹12.4770
7 Dec 2021	₹12.4759
6 Dec 2021	₹12.4748
3 Dec 2021	₹12.4715
2 Dec 2021	₹12.4704
1 Dec 2021	₹12.4694
30 Nov 2021	₹12.4687

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 - IDCW is ₹12.4807. It's a Medium Duration Fund from Franklin India, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Franklin India Income Opportunities Fund - Direct - IDCW 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 - IDCW 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 - IDCW has delivered a absolute return of 15.80% — -42.31 pp behind the Medium Duration Fund category average of 58.11%. The fund ranks #9 of 46 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Franklin India Income Opportunities Fund - Direct - IDCW has delivered a CAGR of 2.14% — -0.86 pp behind the Medium Duration Fund category average of 3.00%. The fund ranks #21 of 37 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Franklin India Income Opportunities Fund - Direct - IDCW has delivered a CAGR of 1.61% — -1.65 pp behind the Medium Duration Fund category average of 3.25%. The fund ranks #21 of 35 in its category — the third (Q3) quartile.

₹1 lakh invested in Franklin India Income Opportunities Fund - Direct - IDCW exactly 5 years ago would be worth approximately ₹108,293 today — a multiplier of 1.08×, based on the 5-year CAGR of 1.61%. The category average over the same window would have grown ₹1 lakh to ₹117,355.

A ₹10,000 monthly SIP in Franklin India Income Opportunities Fund - Direct - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹654,578 today. That's an XIRR (money-weighted annualised return) of 3.43%.

Franklin India Income Opportunities Fund - Direct - IDCW doesn't yet have 10 years of NAVs. Over the longest available window (7-year SIP), ₹10,000/month would have grown to ₹920,595 — XIRR 2.58%.

On a 5-year basis, Franklin India Income Opportunities Fund - Direct - IDCW ranks #21 out of 35 funds in the Medium Duration Fund category — that places it in the third quartile (Q3) — below the median. The category average return over the same window is 3.25%; this fund delivered 1.61%.

The worst peak-to-trough decline Franklin India Income Opportunities Fund - Direct - IDCW has experienced over the last 5-year window is 16.17% — its NAV fell from a high on 22 Mar 2019 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 - IDCW averaged 0.69% (best 2.07%, worst -2.07%). 73% of rolling windows ended positive. The 5-year Sharpe ratio is -0.85 — negative risk-adjusted performance.

In calendar year 2020, Franklin India Income Opportunities Fund - Direct - IDCW returned -3.94% — lagging the Medium Duration Fund category average of -0.27% by 3.67 pp. It ranked #28 of 33 in its category that year.

Franklin India Income Opportunities Fund - Direct - IDCW 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 - IDCW 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: 16.2%. 5-year CAGR: 1.61%.

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