Franklin India Income Plus Arbitrage Active Fund of Funds
Franklin Templeton Mutual Fund · Domestic FoF · Regular plan, growth option
NAV (₹), 1 Oct 2026
22.4818
1-day change
0.02%
1Y return
5.7%
3Y CAGR
12.3%
5Y CAGR
9.9%
Max drawdown, 5Y
−5.4%
NAV history month-end NAV, ₹ · 28 Nov 2014 to 1 Oct 2026
Returns vs Domestic FoF median (159 schemes) and “Income plus arbitrage FoF” median (24)
| Period | Scheme | Category median | Income plus arbitrage FoF median |
|---|---|---|---|
| 1 month | 0.2% | -3.7% | 0.2% |
| 3 months | 1.2% | -1.1% | 0.8% |
| 6 months | 3.2% | 3.0% | 3.0% |
| Year to date | 4.2% | 1.8% | 3.8% |
| 1 year | 5.7% | 4.9% | 5.2% |
| 3 years (CAGR) | 12.3% | 12.3% | 7.5% |
| 5 years (CAGR) | 9.9% | 9.8% | 6.1% |
| 7 years (CAGR) | 8.5% | 13.3% | 8.5% |
| 10 years (CAGR) | 7.2% | 11.0% | 7.2% |
| Since first NAV (CAGR) | 7.1% | – | – |
“Income plus arbitrage FoF” is MFIC's grouping of Domestic FoF schemes by the theme or index in their names, not an AMFI category.
Rolling returns every business-day start date
| Measure | Scheme | Category median |
|---|---|---|
| 1Y rolling median | 7.9% | 8.6% |
| 3Y rolling median | 6.0% | 12.8% |
| 3Y rolling worst | -5.9% | 4.8% |
| 3Y periods positive | 89% | 100% |
| 3Y periods ahead of benchmark | n/a | n/a |
| 5Y rolling median | 5.3% | 10.8% |
| 5Y rolling worst | -1.3% | 4.1% |
| 5Y periods ahead of benchmark | n/a | n/a |
Benchmark: none available in MFIC's free data for this category.
Risk 36 months, monthly returns, Rf 6.5%
| Measure | Scheme | Category median |
|---|---|---|
| Standard deviation (ann.) | 4.3% | 14.1% |
| Sharpe ratio | 1.30 | 0.60 |
| Sortino ratio | 3.27 | 0.89 |
| Beta | n/a | n/a |
| Alpha (ann.) | n/a | n/a |
| Upside capture | n/a | n/a |
| Downside capture | n/a | n/a |
Drawdowns peak-to-trough falls in NAV
| Measure | Scheme | Category median |
|---|---|---|
| Maximum drawdown, full history | −27.7% | −19.6% |
| Maximum drawdown, last 10Y | −27.7% | −23.7% |
| Maximum drawdown, last 5Y | −5.4% | −15.1% |
| Current drawdown | 0.0% | −8.3% |
| Recovery time of worst fall | 414 days | – |
Longer histories include more crises, so compare the 5Y and 10Y figures across schemes of different ages.
Direct or Regular for this scheme?
The Regular plan's expense ratio is 0.53% a year and the Direct plan's 0.20%, a gap of 0.33%; over the last 3 years the Direct plan returned 0.79 percentage points a year more. On a ₹25,000 monthly SIP for 20 years (illustration at 12% a year before costs) the gap adds up to about ₹8,74,650.
With the Regular plan, that cost pays a distributor to help you plan, choose and review funds, and stay invested when markets fall. Whether it is worth it depends on how much of that you will do yourself.
TER: AMFI TER disclosure. Returns: AMFI NAVs. Illustration, not a guaranteed saving or return.
Recent disclosure changes last 120 days, as disclosed via AMFI
- 1 Oct 2026: TER increased from 0.52% to 0.53% (AMFI TER disclosure)
- 29 Sep 2026: TER increased from 0.51% to 0.52% (AMFI TER disclosure)
Fund managers and scheme facts Scheme Summary Document via AMFI
| Fund manager | Role | Managing since |
|---|---|---|
| Rohan Maru | 4 Jul 2025 | |
| Pallab Roy | 4 Jul 2025 | |
| amp | 4 Jul 2025 | |
| Rahul Goswami | 4 Jul 2025 |
Objective: The objective of the Scheme is to generate income for investors through investment in a portfolio of debtoriented and arbitrage schemes. However, there is no assurance or guarantee that the objective of the scheme will be achieved.
Stated asset allocation: Under normal market circumstances, the investment range would be as follows: A. Debt-oriented Schemes* - 0% - 65% B. Units of Arbitrage Fund^ - 35% - 100% C. Money Market Instruments with maturity not exceeding 91 days (including Tri Party Repo$, Government Securities) and Cash and Cash equivalent - 0% - 5%. *Franklin India Overnight Fund, Franklin India Liquid Fund, Franklin India Government Securities Fund, Franklin India Floating Rate Fund, Franklin India Money Market Fund, Franklin India Ultra Short DurationFund, Franklin India Corporate Debt Fund, Franklin India Banking & PSU Debt Fund, Franklin India Medium to Long Duration Fund, Franklin India Long Duration Fund, Franklin India L…
Benchmark (tier 1): 65% NIFTY Short Duration Debt Index + 35% NIFTY 50 Arbitrage Index
Minimum application: Rs.5000
Documents: Scheme Information Document · Scheme Summary Document. Read the scheme documents before investing.
Cost, size and riskometer as disclosed to AMFI
| Measure | Scheme | Category median |
|---|---|---|
| Expense ratio (TER), Regular plan | 0.53% | 0.59% |
| AUM, whole scheme (₹ crore) | 142 | 225 |
| Riskometer | Low to Moderate | – |
TER: AMFI, TER of MF Schemes. AUM and riskometer: AMFI, Fund Performance, 30 Sep 2026.
Official benchmark and category consistency
| Measure | Scheme | Benchmark / category |
|---|---|---|
| Month-ends above category median (3Y CAGR) | 12% | 53% median |
| Month-ends in category top quartile (3Y) | 0% | 25% median |
| 7Y rolling CAGR, median (monthly windows) | 6.5% | 9.0% median |
Official benchmark: (65%) NIFTY Short Duration Debt Index + (35%) NIFTY 50 Arbitrage Index (total return index, as published by AMFI). Category consistency: last 10 years of month-ends, Domestic FoF Regular plans; how it is calculated.
Calendar-year returns NAV change from 31 Dec to 31 Dec
| Year | Scheme | Benchmark | Difference |
|---|---|---|---|
| 2026 YTD | 4.2% | n/a | – |
| 2025 | 14.1% | n/a | – |
| 2024 | 11.7% | n/a | – |
| 2023 | 15.0% | n/a | – |
| 2022 | 3.8% | n/a | – |
| 2021 | 25.5% | n/a | – |
| 2020 | -14.0% | n/a | – |
| 2019 | 8.2% | n/a | – |
| 2018 | 0.4% | n/a | – |
| 2017 | 11.1% | n/a | – |
No free benchmark proxy for this category. The first year starts from the first 31 December in the scheme's history.
Monthly SIP of ₹10,000 first business day of each month, ending 1 Oct 2026
| Period | Invested | Value | XIRR |
|---|---|---|---|
| 1 year | ₹1,20,000 | ₹1,23,680 | 5.7% |
| 3 years | ₹3,60,000 | ₹4,14,927 | 9.4% |
| 5 years | ₹6,00,000 | ₹7,84,017 | 10.6% |
| 10 years | ₹12,00,000 | ₹19,23,499 | 9.1% |
Uses this plan's NAVs; ignores stamp duty, exit loads and taxes. One historical path only — the interactive SIP analyzer shows outcomes across every start date.
Scheme facts
Category: Domestic FoF
Plan / option: Regular · Growth
AMFI scheme code: 132987
ISIN: INF090I01LE4
First NAV in MFIC data: 28 Nov 2014
History: 11.8 years
Portfolio holdings: see the scheme's monthly portfolio disclosure on the fund house website
Schemes that behaved similarly correlation of monthly returns, last 5 years
| Scheme | Category | Correlation | 3Y CAGR |
|---|---|---|---|
| Aditya Birla Sun Life Conservative Hybrid Active FOF | Domestic FoF | 0.78 | 8.6% |
| HSBC Income Plus Arbitrage Active FOF (erstwhile HSBC Managed Solution India - Conservative Plan) | Domestic FoF | 0.75 | 6.8% |
| Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund | Domestic FoF | 0.73 | 5.4% |
| Nippon India Index Fund - Nifty 50 Plan | Index Fund | 0.72 | 5.2% |
| Aditya Birla Sun Life Nifty 50 Index Fund | Index Fund | 0.72 | 5.2% |
| DSP Nifty 50 Index Fund | Index Fund | 0.72 | 5.3% |
Questions about Franklin India Income Plus Arbitrage Active Fund of Funds
- What is the latest NAV of Franklin India Income Plus Arbitrage Active Fund of Funds?
- The NAV of the Regular plan (growth option) was ₹22.4818 on 1 Oct 2026, as published by AMFI.
- Which category is Franklin India Income Plus Arbitrage Active Fund of Funds in?
- It is classified as Domestic FoF in AMFI's daily NAV file. MFIC compares it with 159 Domestic FoF schemes (Regular plans).
- What returns has Franklin India Income Plus Arbitrage Active Fund of Funds delivered?
- Over one year the NAV changed by 5.7%. The 3-year CAGR is 12.3% (category median 12.3%) and the 5-year CAGR is 9.9% (category median 9.8%). Returns are after expenses and before tax. Past performance may or may not be sustained in future.
- How consistent have its 3-year returns been?
- Measuring a 3-year CAGR from every business day in its history, the median was 6.0%, the lowest was -5.9%, and 89% of 3-year periods ended with a gain.
- What was the largest fall in Franklin India Income Plus Arbitrage Active Fund of Funds's NAV?
- The largest peak-to-trough fall in its available history was 27.7%; within the last five years it was 5.4% (category median 15.1%).
- How volatile is Franklin India Income Plus Arbitrage Active Fund of Funds?
- Its annualised standard deviation of monthly returns over the last 36 months is 4.3%, which is below the Domestic FoF category median of 14.1%.
- What would a monthly SIP in Franklin India Income Plus Arbitrage Active Fund of Funds have grown to?
- A SIP of ₹10,000 on the first business day of each month for the last 5 years (60 instalments, ₹6,00,000 invested) would have been worth about ₹7,84,017 on 1 Oct 2026, an annualised return (XIRR) of 10.6%. This uses the Regular plan's NAVs, ignores taxes and exit loads, and past performance may or may not be sustained in future.
- What is the expense ratio (TER) of Franklin India Income Plus Arbitrage Active Fund of Funds?
- The total expense ratio of the Regular plan is 0.53% a year, as disclosed to AMFI (median of Domestic FoF Regular plans: 0.59%). It is already deducted from the NAV, so every return shown is after expenses.
- How large is Franklin India Income Plus Arbitrage Active Fund of Funds?
- Assets under management of the whole scheme were ₹142 crore on 30 Sep 2026, as published by AMFI.
- What is the riskometer level of Franklin India Income Plus Arbitrage Active Fund of Funds?
- AMFI lists the scheme's riskometer as “Low to Moderate”, and its benchmark's as “Moderate”. The riskometer is a label of potential risk set under SEBI rules, not a forecast.
- How often has Franklin India Income Plus Arbitrage Active Fund of Funds beaten its category?
- At 12% of the 107 month-ends compared over the last 10 years, its 3-year return was above the median of Domestic FoF schemes (Regular plans); it was in the top quarter at 0% of them. A typical scheme would show about 50%.
- Who manages Franklin India Income Plus Arbitrage Active Fund of Funds?
- According to its Scheme Summary Document, Franklin India Income Plus Arbitrage Active Fund of Funds is managed by Rohan Maru (since 4 Jul 2025), Pallab Roy (since 4 Jul 2025), amp (since 4 Jul 2025), Rahul Goswami (since 4 Jul 2025).
- What is the minimum investment in Franklin India Income Plus Arbitrage Active Fund of Funds?
- The minimum application amount is Rs.5000. SIP details: SIP: Daily : 100; Weekly, Monthly & Quarterly : 500 STP: Daily: 500 * 2 = 1000; Weekly, Monthly & Quarterly : 1000 * 2 = 2000 SWP: 500 * 1.
- What is the difference between the Direct and Regular plans?
- Both plans hold the same portfolio; the Regular plan includes distribution costs in its expense ratio. Over one year the Direct plan's NAV changed by 6.1% and the Regular plan's by 5.7%. The Regular plan includes the services of a distributor.
Reviewing your own mutual fund portfolio?
Integrato's team can walk you through how your current schemes have behaved, using the same data shown here. Integrato is an AMFI-registered Mutual Fund Distributor.
Follow Franklin India Income Plus Arbitrage Active Fund of Funds by email
Every Monday: this scheme's NAV, 1-month and 1-year return beside its category median, 3-year CAGR and how far it is below its peak. Add more schemes from their pages or from your MFIC watchlist. Free; unsubscribe from any email.
Data & disclosure. Source: AMFI daily NAV file and historical NAVs via mfapi.in; calculations by MFIC, as of 1 Oct 2026. Category medians use Regular plans in the same AMFI category. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance may or may not be sustained in future. This page is for research and education only and is not investment advice or a recommendation to buy, sell or hold any scheme. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155). Methodology.