Franklin India Multi Asset Allocation Fund- Direct- IDCW

Franklin India Multi Asset Allocation Fund- Direct- IDCW ranks among the stronger performers in the Multi Asset Allocation category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 89/100.

Cost: At 0.41%, the expense ratio is meaningfully cheaper — about 36% below the Multi Asset Allocation category average of 0.64% (based on 196 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a moderate Sharpe ratio of 0.51 — decent risk-adjusted performance, without being exceptional. Separately, annualised volatility of 12.62% is fairly typical for actively managed equity funds.

Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.