HealthyDirect · GrowthFit for a long SIP
Franklin India Floating Interest Rates Fund
Franklin Templeton Mutual FundIncome/Debt Oriented Schemes - Floating Interest Rates Fund13.8 years
- NAV
- 48.262
- 29 Oct 2026
- 1Y
- +5.8%
- Trailing CAGR
- AUM
- ₹281.35 Cr
- 31 Aug 2026
- Volatility
- Low
- 0.6% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · Three-year return is above the category median.
Fits if · Risk-adjusted return sits above the documented risk-free proxy.
Buy checklist
History depth
Pass
13.8 years of path to read.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.38% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.3%. Ask whether you can hold through a similar fall.
Vs category
Fail
28% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 152.9% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+5.8%
- 3Y+7.9%
- 5Y+7.1%
- 10Y+6.9%
- SI+7.1%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+5.5%
- 3Y+7.2%
- 5Y+7.6%
- 10Y+7.0%
- Since inception
- +7.1%
- Calendar-day CAGR
- Excess 1Y
- +0.3%
- Category median, same plan and option
- 3Y win rate
- +28%
- Windows beating the median
- 3Y percentile
- 91
- Vs comparable share classes
- SIP 3Y XIRR
- +7.2%
- Simulated monthly SIP
- Worst rolling 3Y
- +5.0%
- 2747 daily-ending windows
- Median rolling 3Y
- +7.0%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 2147 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -1.3%
- Worst peak-to-trough
- Current
- 0.0%
- At peak
- Current spell
- 0 days
- Days below latest peak
- Time below peak
- +16%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 3 days
- 211 recovered episodes
- Longest recovery
- 55 days
- Trough to prior peak
9 Mar 2020 – 17 Apr 2020
Trough 24 Mar 2020 · recovered in 24 days
-1.3%
4 Aug 2025 – 18 Sept 2025
Trough 2 Sept 2025 · recovered in 16 days
-0.5%
23 Apr 2020 – 13 May 2020
Trough 30 Apr 2020 · recovered in 13 days
-0.3%
11 Mar 2026 – 15 Apr 2026
Trough 24 Mar 2026 · recovered in 22 days
-0.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
91
Vs category
52
Consistency
33
Risk-adjusted
70
Drawdown
97
Mean
69
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 18 holdings · top 10 are 152.9%.
- Top 5
- 110.9%
- Top 10
- 152.9%
- Largest holding
- 74.6%
- Effective holdings
- 1.6
Net Current Assets
Unspecified
74.6%
STATE DEVELOPMENT LOAN 37154 KAR 04SP33 7.31 FV RS 100
Unspecified
9.2%
STATE DEVELOPMENT LOAN 37161 MH 04MR34 7.33 FV RS 100
Unspecified
9.1%
REC LIMITED SR 231A 7.64 BD 30AP27 FVRS1LAC
Financial
9.1%
STATE DEVELOPMENT LOAN 37054 CHT 11FB36 7.59 FV RS 100
Unspecified
8.8%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Axis Floating Interest Rates Fund
Axis Mutual Fund
- 1Y
- +5.8%
- 3Y
- +8.2%
- Vol
- 1.8%
- Max DD
- -1.3%
- Sharpe
- 0.59
- 3Y win
- +99%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
DSP Floating Interest Rates Fund
DSP Mutual Fund
- 1Y
- +4.2%
- 3Y
- +7.4%
- Vol
- 1.1%
- Max DD
- -0.8%
- Sharpe
- 0.53
- 3Y win
- +82%
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns
Aditya Birla Sun Life Floating Interest Rate Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +5.6%
- 3Y
- +7.3%
- Vol
- 0.8%
- Max DD
- -1.8%
- Sharpe
- 2.19
- 3Y win
- +53%
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns
HDFC Floating Interest Rates Fund
HDFC Mutual Fund
- 1Y
- +5.1%
- 3Y
- +7.3%
- Vol
- 0.8%
- Max DD
- -1.3%
- Sharpe
- 2.33
- 3Y win
- +46%
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns
ICICI Prudential Floating Interest Rates Fund
ICICI Prudential Mutual Fund
- 1Y
- +5.5%
- 3Y
- +7.5%
- Vol
- 1.0%
- Max DD
- -1.8%
- Sharpe
- 2.31
- 3Y win
- +99%
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Deeper drawdown · Lower trailing returns