Franklin India Balanced Advantage Fund vs Kotak Balanced Advantage Fund
Franklin India Balanced Advantage Fund and Kotak Balanced Advantage Fund are both Balanced Advantage funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +10.08% vs +10.48%, 5-year CAGR — vs +9.24%, volatility 8.28% vs 9.31%, maximum drawdown −8.10% vs −26.32%. Their portfolios overlap by 5.2% (30 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Franklin India Balanced Advantage | Kotak Balanced Advantage | |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Balanced Advantage | Balanced Advantage |
| NAV | ₹15.3638 | ₹23.3960 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 6 Sep 2022 | 10 Aug 2018 |
| Track record | 4.2 yrs | 8.2 yrs |
| Fund size (AUM) | ₹2,687 Cr | ₹15,577 Cr |
| Securities held | 81 | 201 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Franklin India Balanced Advantage | Kotak Balanced Advantage | |
|---|---|---|
| 1 month | +2.39% | +3.64% |
| 3 months | −1.48% | −0.40% |
| 6 months | +0.74% | +2.97% |
| 1 year | −0.10% | +2.79% |
| 3 years (CAGR) | +10.08% | +10.48% |
| 5 years (CAGR) | — | +9.24% |
| 7 years (CAGR) | — | +11.09% |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | +10.86% | +10.84% |
| SIP return (XIRR, 5 years) ⓘ | — | +9.17% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Franklin India Balanced Advantage | Kotak Balanced Advantage | |
|---|---|---|
| 2026 (year to date) | −0.24% | +1.94% |
| 2025 | +5.78% | +7.13% |
| 2024 | +17.15% | +15.67% |
| 2023 | +21.22% | +17.42% |
| 2022 | — | +5.06% |
| 2021 | — | +14.43% |
Risk
| Franklin India Balanced Advantage | Kotak Balanced Advantage | |
|---|---|---|
| Volatility (annualised) ⓘ | 8.28% | 9.31% |
| Downside volatility ⓘ | 5.88% | 6.73% |
| Sharpe ratio ⓘ | 0.44 | 0.43 |
| Sortino ratio ⓘ | 0.61 | 0.60 |
| Maximum drawdown ⓘ | −8.10% | −26.32% |
| Recovery from that fall | 4 months | 4 months |
| Current fall from peak | −1.49% | −0.42% |
| Rolling 1-year return: worst | −5.54% | −17.67% |
| Rolling 1-year return: median | +10.18% | +11.35% |
| Rolling 1-year return: best | +29.41% | +58.64% |
| Share of 1-year periods with a loss | 5.13% | 4.37% |
Against each fund's benchmark
| Franklin India Balanced Advantage | Kotak Balanced Advantage | |
|---|---|---|
| Beta ⓘ | 0.53 | 0.61 |
| Alpha (Jensen's, annualised) ⓘ | +1.00% | +1.14% |
| R² ⓘ | 89.21 | 94.43 |
| Upside capture | 65.84% | 72.29% |
| Downside capture | 46.52% | 54.66% |
| Tracking error | 7.49% | 6.24% |
| Information ratio | 0.07 | 0.13 |
| Treynor ratio | 4.64 | 4.52 |
Portfolio
Asset mix
| Franklin India Balanced Advantage | Kotak Balanced Advantage | |
|---|---|---|
| Equity | 68.18% | 24.63% |
| Debt | 29.05% | 19.39% |
| Cash & equivalents | 1.85% | 7.87% |
| REITs / InvITs | 0.92% | 3.44% |
| Mutual Fund Units | 0.00% | 0.54% |
Market-cap split (share of fund assets)
| Franklin India Balanced Advantage | Kotak Balanced Advantage | |
|---|---|---|
| Large Cap | 38.87% | 8.38% |
| Mid Cap | 11.85% | 6.52% |
| Small Cap | 15.17% | 9.20% |
| Unclassified | 2.28% | 0.53% |
Concentration
| Franklin India Balanced Advantage | Kotak Balanced Advantage | |
|---|---|---|
| Top 10 holdings | 29.64% | 18.64% |
| Effective number of stocks ⓘ | 57.1 | 133.2 |
| Securities held | 81 | 201 |
Portfolio overlap: 5.2%
30 companies are held by both funds; by weight, 5.2% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Franklin India Balanced Advantage | Kotak Balanced Advantage |
|---|---|---|
| Larsen & Toubro Limited | 2.52% | 1.99% |
| Eternal Limited | 2.02% | 1.35% |
| Infosys Limited | 1.13% | 1.48% |
| InterGlobe Aviation Limited | 1.32% | 0.92% |
| ICICI Lombard General Insurance Company Limited | 0.92% | 0.59% |
| Aptus Value Housing Finance India Ltd | 0.61% | 0.33% |
| Pine Labs Limited | 1.09% | 0.22% |
| Hyundai Motor India Ltd. | 0.95% | 0.22% |
| 0.00% REC Ltd (03-Nov-2034) | 0.19% | 0.43% |
| Amber Enterprises India Limited | 0.80% | 0.18% |
| Exide Industries Limited | 1.00% | 0.11% |
| Astral Limited | 1.02% | 0.10% |
| Ashok Leyland Limited | 1.26% | 0.09% |
| SBI Funds Management Limited | 1.00% | 0.04% |
| ZF Commercial Vehicle Control Systems India Limited | 0.40% | 0.04% |
Top 10 holdings
Franklin India Balanced Advantage
- 0.00% Jubilant Bevco Ltd (31-May-2028)4.98%
- HDFC Bank Limited3.39%
- ICICI Bank Limited3.33%
- 0.00% Jubilant Beverages Ltd (31-May-2028)3.09%
- Bharti Airtel Limited3.04%
- Axis Bank Limited2.62%
- Larsen & Toubro Limited2.52%
- State Bank of India2.50%
- Mahindra & Mahindra Limited2.09%
- 7.25% RJ Corp Ltd (08-Dec-2028)2.07%
Kotak Balanced Advantage
- 7.34% GOI MAT 2204645.67%
- Larsen & Toubro Limited1.99%
- Solar Industries India Limited1.67%
- Power Finance Corporation Ltd.1.49%
- Infosys Limited1.48%
- Eternal Limited1.35%
- JTPM Metal Traders Limited1.30%
- Sansera Engineering Limited1.27%
- Kotak Mahindra Bank Limited1.25%
- GE Vernova T&D India Limited1.17%
Sector exposure
| Franklin India Balanced Advantage | Kotak Balanced Advantage | |
|---|---|---|
| Banks | 13.12% | -0.30% |
| CRISIL AAA | 12.44% | 4.28% |
| CRISIL AA | 8.07% | 1.30% |
| Sovereign | 1.11% | 7.87% |
| SOVEREIGN | 5.31% | 0.00% |
| Automobiles | 4.10% | 0.06% |
| Auto Components | 3.84% | 3.13% |
| Capital Markets | 3.68% | 0.18% |
| Realty | 1.08% | 3.47% |
| Industrial Products | 3.35% | 1.25% |
| Pharmaceuticals & Biotechnology | 3.24% | 1.58% |
| Telecom - Services | 3.04% | 0.08% |
| Consumer Durables | 2.95% | 0.88% |
| Retailing | 2.91% | 1.30% |
Questions people ask
What is the difference between Franklin India Balanced Advantage and Kotak Balanced Advantage returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return −0.10% vs +2.79%; 3-year CAGR +10.08% vs +10.48%; 5-year CAGR — vs +9.24%; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Franklin India Balanced Advantage and Kotak Balanced Advantage compare on risk?
Volatility (36 monthly returns, annualised) 8.28% vs 9.31%; Sharpe ratio 0.44 vs 0.43; Sortino ratio 0.61 vs 0.60; maximum drawdown −8.10% vs −26.32%; beta 0.53 vs 0.61.
How much do Franklin India Balanced Advantage and Kotak Balanced Advantage overlap?
By weight, 5.2% of the two portfolios is invested in the same companies; 30 stocks are held by both, the largest shared positions being Larsen & Toubro Limited, Eternal Limited, Infosys Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Franklin India Balanced Advantage and Kotak Balanced Advantage?
Franklin India Balanced Advantage: large cap 38.9%, mid cap 11.9%, small cap 15.2%. Kotak Balanced Advantage: large cap 8.4%, mid cap 6.5%, small cap 9.2% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.