Should I invest in Franklin India Large & Mid Cap Fund - Direct?

We don't give personal investment advice. Franklin India Large & Mid Cap Fund - Direct - Growth is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 19.5%. 5-year CAGR: 11.29%.

Franklin India

Franklin India Large & Mid Cap Fund - Direct - Growth

Latest NAV

₹199.5382

As of

3 Jun 2026

3,300 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	-0.60%	+0.15%	-0.75	34 / 34	Q4
1W	-2.39%	-1.78%	-0.61	31 / 34	Q4
2W	-1.07%	-0.02%	-1.06	31 / 34	Q4
1M	-1.62%	-0.52%	-1.11	29 / 34	Q4
3M	+0.61%	+0.66%	-0.05	13 / 34	Q2
6M	-7.72%	-3.20%	-4.52	33 / 34	Q4
YTD	-7.86%	-3.29%	-4.58	33 / 34	Q4
1Y	-1.93%	+1.81%	-3.74	28 / 33	Q4
2Y	+5.02%	+4.91%	+0.11	13 / 30	Q2
3Y	+13.77%	+16.92%	-3.15	24 / 27	Q4
4Y	+12.93%	+16.88%	-3.95	25 / 27	Q4
5Y	+11.29%	+15.02%	-3.73	26 / 27	Q4
7Y	+12.95%	+16.10%	-3.15	22 / 23	Q4
10Y	+12.04%	+15.15%	-3.11	20 / 20	Q4
Inception	+13.68%	+13.65%	+0.02	23 / 33	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
2026 YTD	-7.86%	-3.29%	-4.58	33 / 34
2025	+7.68%	+4.90%	+2.78	8 / 32
2024	+19.29%	+24.93%	-5.64	20 / 28
2023	+27.48%	+31.20%	-3.71	24 / 27
2022	-2.13%	+2.92%	-5.05	24 / 27
2021	+38.85%	+38.33%	+0.52	14 / 27
2020	+12.86%	+17.02%	-4.16	22 / 26
2019	+2.74%	+9.44%	-6.71	21 / 22
2018	-3.72%	-6.02%	+2.29	8 / 21
2017	+31.25%	+38.46%	-7.22	19 / 21
2016	+4.27%	+7.16%	-2.89	14 / 20

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

+17.53%

152 windows

min -37.8% · max 88.5%

83% positive

3-Year rolling

+14.22%

128 windows

min -10.1% · max 31.3%

94% positive

5-Year rolling

+13.60%

103 windows

min -4.0% · max 26.8%

98% positive

7-Year rolling

+12.62%

79 windows

min 6.8% · max 15.9%

100% positive

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

13.26%

3-year · annualised

Sharpe ratio

0.56

vs risk-free 6.5%

Sortino ratio

0.95

Downside-only deviation

Max drawdown

-17.76%

Sep 2024 → Apr 2025

% positive months

63.9%

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 Large & Mid Cap Fund

Scheme	Fund house	NAV	As of
HDFC Large and Mid Cap Fund - Growth Option - Direct Plan	HDFC	₹348.8940	3 Jun 2026
Nippon India Vision Large & Mid Cap Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹263.7372	3 Jun 2026
SBI LARGE & MIDCAP FUND -DIRECT PLAN -Growth	SBI	₹683.8671	2 Jun 2026
ICICI Prudential Large & Mid Cap Fund - Direct Plan - Growth	ICICI Prudential	₹1,109.9000	3 Jun 2026
Invesco India Large & Mid Cap Fund - Direct Plan - Growth	Invesco	₹119.2100	3 Jun 2026
Bandhan Large & Mid Cap Fund - Direct Plan - Growth	Bandhan	₹160.3360	3 Jun 2026
quant Large & Mid Cap Fund - Growth Option-Direct Plan	Quant	₹134.6766	3 Jun 2026
Aditya Birla Sun Life Large & Mid Cap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹999.2500	3 Jun 2026
Motilal Oswal Large and Midcap Fund - Direct Plan Growth	Motilal Oswal	₹38.4109	3 Jun 2026
Mirae Asset Large & Midcap Fund - Direct Plan - Growth	Mirae Asset	₹169.3610	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹199.5382
2 Jun 2026	₹200.7341
1 Jun 2026	₹199.6086
29 May 2026	₹201.8316
27 May 2026	₹204.4256
26 May 2026	₹203.8094
25 May 2026	₹204.0296
22 May 2026	₹202.1416
21 May 2026	₹201.5246
20 May 2026	₹201.7064

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 03 Jun 2026, the NAV of Franklin India Large & Mid Cap Fund - Direct - Growth is ₹199.5382. It's a Large & Mid Cap Fund from Franklin India, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Franklin India Large & Mid Cap 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 Large & Mid Cap Fund - Direct - Growth is managed by Franklin India. It's classified by AMFI under the 'Large & Mid Cap Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Franklin India Large & Mid Cap Fund - Direct - Growth has delivered a absolute return of -1.93% — -3.74 pp behind the Large & Mid Cap Fund category average of 1.81%. The fund ranks #28 of 33 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Franklin India Large & Mid Cap Fund - Direct - Growth has delivered a CAGR of 13.77% — -3.15 pp behind the Large & Mid Cap Fund category average of 16.92%. The fund ranks #24 of 27 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Franklin India Large & Mid Cap Fund - Direct - Growth has delivered a CAGR of 11.29% — -3.73 pp behind the Large & Mid Cap Fund category average of 15.02%. The fund ranks #26 of 27 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Franklin India Large & Mid Cap Fund - Direct - Growth exactly 10 years ago would be worth approximately ₹311,671 today — a multiplier of 3.12×, based on the 10-year CAGR of 12.04%. The category average over the same window would have grown ₹1 lakh to ₹409,764.

A ₹10,000 monthly SIP in Franklin India Large & Mid Cap Fund - Direct - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹765,078 today. That's an XIRR (money-weighted annualised return) of 9.65%.

A ₹10,000 monthly SIP for 10 years in Franklin India Large & Mid Cap Fund - Direct - Growth = ₹1,200,000 invested. It would currently be worth ₹2,306,265 (multiplier 1.92×). XIRR: 12.54%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Franklin India Large & Mid Cap Fund - Direct - Growth ranks #26 out of 27 funds in the Large & Mid Cap Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 15.02%; this fund delivered 11.29%.

The worst peak-to-trough decline Franklin India Large & Mid Cap Fund - Direct - Growth has experienced over the last 5-year window is 19.53% — its NAV fell from a high on 18 Oct 2021 to a low on 20 Jun 2022. 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 Large & Mid Cap Fund - Direct - Growth averaged 13.60% (best 26.83%, worst -4.04%). 98% of rolling windows ended positive. The 5-year Sharpe ratio is 0.39 — weak risk-adjusted performance.

In calendar year 2025, Franklin India Large & Mid Cap Fund - Direct - Growth returned 7.68% — beating the Large & Mid Cap Fund category average of 4.90% by 2.78 pp. It ranked #8 of 32 in its category that year.

Franklin India Large & Mid Cap Fund - Direct - Growth is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Franklin India Large & Mid Cap Fund - Direct - Growth is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 19.5%. 5-year CAGR: 11.29%.

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