Should I invest in Franklin India Small Cap Fund - Direct?

We don't give personal investment advice. Franklin India Small 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: 24.1%. 5-year CAGR: 18.65%.

Franklin India

Franklin India Small Cap Fund - Direct - Growth

Latest NAV

₹193.2269

As of

3 Jun 2026

3,301 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	+0.19%	+0.48%	-0.28	29 / 36	Q4
1W	-1.25%	-0.81%	-0.44	23 / 36	Q3
2W	+0.81%	+1.36%	-0.55	22 / 36	Q3
1M	-1.48%	+0.94%	-2.41	35 / 36	Q4
3M	+10.17%	+9.95%	+0.22	13 / 34	Q2
6M	+2.25%	+3.30%	-1.05	19 / 33	Q3
YTD	+3.47%	+4.13%	-0.66	18 / 33	Q3
1Y	-0.35%	+5.56%	-5.91	29 / 32	Q4
2Y	+1.43%	+6.66%	-5.24	28 / 29	Q4
3Y	+17.11%	+18.72%	-1.60	16 / 25	Q3
4Y	+20.57%	+19.54%	+1.03	9 / 22	Q2
5Y	+18.65%	+18.15%	+0.51	10 / 22	Q2
7Y	+18.44%	+21.75%	-3.31	16 / 18	Q4
10Y	+16.10%	+18.26%	-2.16	11 / 13	Q4
Inception	+19.74%	+17.38%	+2.36	15 / 36	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
2026 YTD	+3.47%	+4.13%	-0.66	18 / 33
2025	-8.25%	-4.11%	-4.14	26 / 30
2024	+23.74%	+27.89%	-4.15	21 / 28
2023	+53.34%	+43.05%	+10.29	4 / 24
2022	+4.43%	+2.92%	+1.51	9 / 22
2021	+56.18%	+63.14%	-6.96	17 / 21
2020	+19.06%	+32.77%	-13.71	18 / 18
2019	-4.31%	+0.57%	-4.88	12 / 16
2018	-16.25%	-16.20%	-0.06	7 / 13
2017	+44.17%	+49.31%	-5.14	8 / 13
2016	+10.91%	+6.15%	+4.76	2 / 13

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

+25.61%

152 windows

min -39.8% · max 118.7%

76% positive

3-Year rolling

+20.79%

128 windows

min -13.7% · max 47.6%

91% positive

5-Year rolling

+18.68%

103 windows

min -2.5% · max 36.5%

99% positive

7-Year rolling

+16.82%

79 windows

min 12.2% · max 20.8%

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

18.55%

3-year · annualised

Sharpe ratio

0.61

vs risk-free 6.5%

Sortino ratio

1.06

Downside-only deviation

Max drawdown

-24.12%

Sep 2024 → Mar 2025

% positive months

61.1%

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 Small Cap Fund

Scheme	Fund house	NAV	As of
HDFC Small Cap Fund - Growth Option - Direct Plan	HDFC	₹151.9870	3 Jun 2026
Nippon India Small Cap Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹193.7635	3 Jun 2026
SBI Small Cap Fund - Direct Plan - Growth	SBI	₹194.0810	3 Jun 2026
ICICI Prudential Smallcap Fund - Direct Plan - Growth	ICICI Prudential	₹96.4400	3 Jun 2026
Invesco India Smallcap Fund - Direct Plan - Growth	Invesco	₹48.1600	3 Jun 2026
BANDHAN SMALL CAP FUND - DIRECT PLAN GROWTH	Bandhan	₹52.6160	3 Jun 2026
quant Small Cap Fund - Growth Option - Direct Plan	Quant	₹293.2340	3 Jun 2026
QUANTUM SMALL CAP FUND - DIRECT PLAN GROWTH OPTION	Quantum	₹13.3000	3 Jun 2026
Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹104.2448	3 Jun 2026
Motilal Oswal Small Cap Fund - Direct - Growth	Motilal Oswal	₹15.5856	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹193.2269
2 Jun 2026	₹192.8516
1 Jun 2026	₹191.4863
29 May 2026	₹193.7450
27 May 2026	₹195.6786
26 May 2026	₹194.9105
25 May 2026	₹194.6578
22 May 2026	₹192.2596
21 May 2026	₹192.7734
20 May 2026	₹191.6776

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 Small Cap Fund - Direct - Growth is ₹193.2269. It's a Small Cap Fund from Franklin India, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

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

Over the trailing 1-year window, Franklin India Small Cap Fund - Direct - Growth has delivered a absolute return of -0.35% — -5.91 pp behind the Small Cap Fund category average of 5.56%. The fund ranks #29 of 32 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Franklin India Small Cap Fund - Direct - Growth has delivered a CAGR of 17.11% — -1.6 pp behind the Small Cap Fund category average of 18.72%. The fund ranks #16 of 25 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Franklin India Small Cap Fund - Direct - Growth has delivered a CAGR of 18.65% — +0.51 pp ahead of the Small Cap Fund category average of 18.15%. The fund ranks #10 of 22 in its category — the second (Q2) quartile.

₹1 lakh invested in Franklin India Small Cap Fund - Direct - Growth exactly 10 years ago would be worth approximately ₹444,908 today — a multiplier of 4.45×, based on the 10-year CAGR of 16.10%. The category average over the same window would have grown ₹1 lakh to ₹535,049.

A ₹10,000 monthly SIP in Franklin India Small Cap Fund - Direct - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹868,772 today. That's an XIRR (money-weighted annualised return) of 14.78%.

A ₹10,000 monthly SIP for 10 years in Franklin India Small Cap Fund - Direct - Growth = ₹1,200,000 invested. It would currently be worth ₹3,000,661 (multiplier 2.50×). XIRR: 17.44%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Franklin India Small Cap Fund - Direct - Growth ranks #10 out of 22 funds in the Small Cap Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 18.15%; this fund delivered 18.65%.

The worst peak-to-trough decline Franklin India Small Cap Fund - Direct - Growth has experienced over the last 5-year window is 24.12% — its NAV fell from a high on 23 Sep 2024 to a low on 03 Mar 2025. 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 Small Cap Fund - Direct - Growth averaged 18.68% (best 36.47%, worst -2.47%). 99% of rolling windows ended positive. The 5-year Sharpe ratio is 0.71 — reasonable risk-adjusted performance.

In calendar year 2025, Franklin India Small Cap Fund - Direct - Growth returned -8.25% — lagging the Small Cap Fund category average of -4.11% by 4.14 pp. It ranked #26 of 30 in its category that year.

Franklin India Small 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 Small 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: 24.1%. 5-year CAGR: 18.65%.

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