Franklin India Multi Asset Allocation Fund vs ICICI Prudential Multi Asset Allocation Fund
Franklin India Multi Asset Allocation Fund and ICICI Prudential Multi Asset Allocation Fund are both Multi Asset Allocation funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs +14.37%, 5-year CAGR — vs +14.74%, volatility 12.47% vs 9.15%, maximum drawdown −11.55% vs −30.61%. Their portfolios overlap by 21.5% (23 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 Multi Asset Allocation | ICICI Prudential Multi Asset Allocation | |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | ICICI Prudential Mutual Fund |
| Compared as | Multi Asset Allocation | Multi Asset Allocation |
| NAV | ₹11.0427 | ₹893.8842 |
| NAV date | 6 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 31 Jul 2025 | 2 Jan 2013 |
| Track record | 1.3 yrs | 13.8 yrs |
| Fund size (AUM) | ₹2,767 Cr | ₹84,108 Cr |
| Securities held | 57 | 233 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Franklin India Multi Asset Allocation | ICICI Prudential Multi Asset Allocation | |
|---|---|---|
| 1 month | +3.13% | +2.68% |
| 3 months | −3.16% | −2.05% |
| 6 months | −0.15% | −0.39% |
| 1 year | +6.14% | +1.88% |
| 3 years (CAGR) | — | +14.37% |
| 5 years (CAGR) | — | +14.74% |
| 7 years (CAGR) | — | +17.49% |
| 10 years (CAGR) | — | +15.65% |
| Since launch (CAGR) | +8.14% | +15.79% |
| SIP return (XIRR, 5 years) ⓘ | — | +13.30% |
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 Multi Asset Allocation | ICICI Prudential Multi Asset Allocation | |
|---|---|---|
| 2026 (year to date) | +1.00% | −1.31% |
| 2025 | — | +19.46% |
| 2024 | — | +17.08% |
| 2023 | — | +24.98% |
| 2022 | — | +17.61% |
| 2021 | — | +35.54% |
Risk
| Franklin India Multi Asset Allocation | ICICI Prudential Multi Asset Allocation | |
|---|---|---|
| Volatility (annualised) ⓘ | 12.47% | 9.15% |
| Downside volatility ⓘ | 9.56% | 6.41% |
| Sharpe ratio ⓘ | 0.13 | 0.86 |
| Sortino ratio ⓘ | 0.17 | 1.23 |
| Maximum drawdown ⓘ | −11.55% | −30.61% |
| Recovery from that fall | — | 8 months |
| Current fall from peak | −3.72% | −2.76% |
| Rolling 1-year return: worst | −1.01% | −25.43% |
| Rolling 1-year return: median | +8.79% | +15.40% |
| Rolling 1-year return: best | +14.74% | +71.80% |
| Share of 1-year periods with a loss | 7.46% | 12.06% |
Against each fund's benchmark
| Franklin India Multi Asset Allocation | ICICI Prudential Multi Asset Allocation | |
|---|---|---|
| Beta ⓘ | 0.70 | 0.58 |
| Alpha (Jensen's, annualised) ⓘ | +5.87% | +4.59% |
| R² ⓘ | 80.74 | 86.77 |
| Upside capture | 78.06% | 75.45% |
| Downside capture | 37.14% | 37.02% |
| Tracking error | 7.17% | 7.09% |
| Information ratio | 1.31 | 0.64 |
| Treynor ratio | -2.96 | 11.18 |
Portfolio
Asset mix
| Franklin India Multi Asset Allocation | ICICI Prudential Multi Asset Allocation | |
|---|---|---|
| Equity | 65.81% | 67.15% |
| Gold | 14.10% | 10.07% |
| Debt | 10.35% | 14.78% |
| REITs / InvITs | 3.93% | 1.31% |
| Silver | 3.25% | 0.00% |
| Cash & equivalents | 2.61% | 6.34% |
| Foreign Securities | 0.00% | 0.42% |
Market-cap split (share of fund assets)
| Franklin India Multi Asset Allocation | ICICI Prudential Multi Asset Allocation | |
|---|---|---|
| Large Cap | 46.01% | 49.17% |
| Mid Cap | 5.62% | 12.07% |
| Small Cap | 14.14% | 5.44% |
| Unclassified | 0.00% | 0.43% |
Concentration
| Franklin India Multi Asset Allocation | ICICI Prudential Multi Asset Allocation | |
|---|---|---|
| Top 10 holdings | 38.52% | 37.16% |
| Effective number of stocks ⓘ | 28.4 | 42.6 |
| Securities held | 57 | 233 |
Portfolio overlap: 21.5%
23 companies are held by both funds; by weight, 21.5% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Franklin India Multi Asset Allocation | ICICI Prudential Multi Asset Allocation |
|---|---|---|
| HDFC Bank Limited | 3.21% | 6.07% |
| ICICI Bank Limited | 2.90% | 3.57% |
| Reliance Industries Limited | 2.36% | 3.17% |
| Axis Bank Limited | 2.65% | 2.34% |
| Bharti Airtel Limited | 2.06% | 1.55% |
| InterGlobe Aviation Limited | 1.54% | 1.89% |
| Infosys Limited | 1.22% | 1.14% |
| State Bank of India | 3.33% | 0.98% |
| Larsen & Toubro Limited | 2.25% | 0.82% |
| Mahindra & Mahindra Limited | 1.98% | 0.70% |
| Tata Steel Ltd. | 1.47% | 0.70% |
| Oil & Natural Gas Corporation Limited | 0.88% | 0.65% |
| Apollo Hospitals Enterprise Limited | 1.75% | 0.50% |
| Britannia Industries Ltd. | 1.44% | 0.50% |
| Hindalco Industries Limited | 1.11% | 0.37% |
Top 10 holdings
Franklin India Multi Asset Allocation
- Nippon India ETF Gold Bees14.10%
- State Bank of India3.33%
- Nippon India Silver ETF3.25%
- HDFC Bank Limited3.21%
- ICICI Bank Limited2.90%
- Axis Bank Limited2.65%
- Eternal Limited2.38%
- Reliance Industries Limited2.36%
- Larsen & Toubro Limited2.24%
- Knowledge Realty Trust2.12%
ICICI Prudential Multi Asset Allocation
- ICICI Prudential Gold ETF10.07%
- HDFC Bank Limited6.07%
- Life Insurance Corporation Of India3.76%
- ICICI Bank Limited3.57%
- Reliance Industries Limited3.17%
- Bajaj Finserv Limited2.55%
- Axis Bank Limited2.34%
- 6.94% Government of India (11/05/2036)2.11%
- InterGlobe Aviation Limited1.89%
- ITC Limited1.62%
Sector exposure
| Franklin India Multi Asset Allocation | ICICI Prudential Multi Asset Allocation | |
|---|---|---|
| ETFs | 17.35% | 0.00% |
| Banks | 12.08% | 15.49% |
| CRISIL AAA | 11.62% | 1.14% |
| Capital Markets | 1.18% | 10.15% |
| Insurance | 0.00% | 6.52% |
| Retailing | 4.63% | 3.25% |
| Finance | 1.21% | 4.55% |
| Automobiles | 1.98% | 4.10% |
| Sovereign | 0.54% | 3.99% |
| Petroleum Products | 3.21% | 3.41% |
| Aerospace & Defense | 3.35% | 0.31% |
| Auto Components | 3.33% | 1.53% |
| Diversified FMCG | 0.00% | 3.13% |
| IT - Software | 2.99% | 2.51% |
Questions people ask
What is the difference between Franklin India Multi Asset Allocation and ICICI Prudential Multi Asset Allocation returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return +6.14% vs +1.88%; 3-year CAGR — vs +14.37%; 5-year CAGR — vs +14.74%; 10-year CAGR — vs +15.65%. Past returns do not indicate future returns.
How do Franklin India Multi Asset Allocation and ICICI Prudential Multi Asset Allocation compare on risk?
Volatility (36 monthly returns, annualised) 12.47% vs 9.15%; Sharpe ratio 0.13 vs 0.86; Sortino ratio 0.17 vs 1.23; maximum drawdown −11.55% vs −30.61%; beta 0.70 vs 0.58.
How much do Franklin India Multi Asset Allocation and ICICI Prudential Multi Asset Allocation overlap?
By weight, 21.5% of the two portfolios is invested in the same companies; 23 stocks are held by both, the largest shared positions being HDFC Bank Limited, ICICI Bank Limited, Reliance Industries Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Franklin India Multi Asset Allocation and ICICI Prudential Multi Asset Allocation?
Franklin India Multi Asset Allocation: large cap 46.0%, mid cap 5.6%, small cap 14.1%. ICICI Prudential Multi Asset Allocation: large cap 49.2%, mid cap 12.1%, small cap 5.4% (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 6 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.