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: 17.54%.

Franklin India

Franklin India Small Cap Fund - Direct - Growth

Latest NAV

₹203.8232

As of

17 Jul 2026

3,332 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	-0.44%	-0.55%	+0.12	7 / 36	Q1
1W	-0.62%	-0.78%	+0.15	14 / 36	Q2
2W	+0.83%	+0.21%	+0.61	5 / 36	Q1
1M	+2.30%	+2.84%	-0.54	25 / 36	Q3
3M	+7.55%	+10.77%	-3.22	32 / 36	Q4
6M	+10.27%	+14.16%	-3.90	27 / 34	Q4
YTD	+9.15%	+10.96%	-1.82	18 / 33	Q3
1Y	+0.42%	+6.25%	-5.83	28 / 32	Q4
2Y	-0.41%	+4.89%	-5.30	28 / 29	Q4
3Y	+16.41%	+18.29%	-1.88	18 / 25	Q3
4Y	+21.77%	+21.13%	+0.64	9 / 22	Q2
5Y	+17.54%	+17.21%	+0.34	10 / 22	Q2
7Y	+20.90%	+24.32%	-3.42	16 / 18	Q4
10Y	+16.03%	+18.28%	-2.26	11 / 13	Q4
Inception	+20.02%	+19.38%	+0.64	17 / 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	+9.15%	+10.96%	-1.82	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

+25.73%

153 windows

min -35.9% · max 111.2%

77% positive

3-Year rolling

+21.14%

129 windows

min -13.0% · max 48.3%

91% positive

5-Year rolling

+18.97%

105 windows

min -1.3% · max 39.1%

99% positive

7-Year rolling

+17.02%

80 windows

min 11.8% · max 20.9%

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

19.04%

3-year · annualised

Sharpe ratio

0.55

vs risk-free 6.5%

Sortino ratio

0.86

Downside-only deviation

Max drawdown

-24.12%

Sep 2024 → Mar 2025

% 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 Small Cap Fund

Scheme	Fund house	NAV	As of
HDFC Small Cap Fund - Growth Option - Direct Plan	HDFC	₹160.5300	17 Jul 2026
Nippon India Small Cap Fund - Direct Plan Growth Plan - Bonus Option	Nippon India	₹203.5938	17 Jul 2026
SBI Small Cap Fund - Direct Plan - Growth	SBI	₹208.9152	17 Jul 2026
ICICI Prudential Smallcap Fund - Direct Plan - Growth	ICICI Prudential	₹100.5000	17 Jul 2026
Invesco India Smallcap Fund - Direct Plan - Growth	Invesco	₹52.7200	17 Jul 2026
BANDHAN SMALL CAP FUND - DIRECT PLAN GROWTH	Bandhan	₹55.5270	17 Jul 2026
quant Small Cap Fund - Growth Option - Direct Plan	Quant	₹313.4689	17 Jul 2026
QUANTUM SMALL CAP FUND - DIRECT PLAN GROWTH OPTION	Quantum	₹13.9100	17 Jul 2026
Aditya Birla Sun Life Small Cap Fund - Growth - Direct Plan	Aditya Birla Sun Life	₹109.4685	17 Jul 2026
Motilal Oswal Small Cap Fund - Direct - Growth	Motilal Oswal	₹16.8394	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹203.8232
16 Jul 2026	₹204.7146
15 Jul 2026	₹204.8514
14 Jul 2026	₹203.8922
13 Jul 2026	₹206.0272
10 Jul 2026	₹205.1029
9 Jul 2026	₹201.3279
8 Jul 2026	₹197.4634
7 Jul 2026	₹201.1532
6 Jul 2026	₹202.6233

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 17 Jul 2026, the NAV of Franklin India Small Cap Fund - Direct - Growth is ₹203.8232. 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 6 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 0.42% — -5.83 pp behind the Small Cap Fund category average of 6.25%. The fund ranks #28 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 16.41% — -1.88 pp behind the Small Cap Fund category average of 18.29%. The fund ranks #18 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 17.54% — +0.34 pp ahead of the Small Cap Fund category average of 17.21%. 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 ₹442,095 today — a multiplier of 4.42×, based on the 10-year CAGR of 16.02%. The category average over the same window would have grown ₹1 lakh to ₹536,108.

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 ₹896,730 today. That's an XIRR (money-weighted annualised return) of 16.07%.

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 ₹3,114,972 (multiplier 2.60×). XIRR: 18.14%. 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 17.21%; this fund delivered 17.54%.

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 18.97% (best 39.12%, worst -1.30%). 99% of rolling windows ended positive. The 5-year Sharpe ratio is 0.61 — 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: 17.54%.

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