Franklin Asian Equity Fund vs Union Innovation & Opportunities Fund
Sectoral/ Thematic · Direct Plan – Growth · Compared on official AMFI NAV data · NAVs as of 09-Nov-2026
| Metric | Franklin Asian Equity Fund | Union Innovation & Opportunities Fund |
|---|---|---|
| Latest NAV | ₹46.07 | ₹17.01 |
| 1-Year Return | +22.08% | +12.65% |
| 3-Year Return (CAGR) | +21.71% | +19.89% |
| 5-Year Return (CAGR) | N/A | N/A |
| Volatility (1Y, annualised) | 20.9% | 17.7% |
| Max Drawdown | −14.2% | −23.9% |
| Fund House | Franklin Templeton Mutual Fund | Union Mutual Fund |
Growth of ₹10,000
If you had invested ₹10,000 in each fund
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Franklin Asian Equity Fund vs Union Innovation & Opportunities Fund: which is better?
Franklin Asian Equity Fund and Union Innovation & Opportunities Fund are both sectoral/ thematic mutual funds (direct plan, growth option). This comparison uses each fund's official AMFI NAV history — the same daily data the fund houses publish — to compare returns, volatility and drawdowns side by side.
On 3-year returns (annualised), Franklin Asian Equity Fund leads with +21.71% against +19.89% — a gap of about 1.82 percentage points per year over that period.
Union Innovation & Opportunities Fund has been the steadier fund over the past year, with annualised volatility of 17.7% versus 20.9%. Looking at worst falls, Franklin Asian Equity Fund's deepest drawdown in the stored history is −14.2% against −23.9% for Union Innovation & Opportunities Fund.
Which fund suits you depends on your horizon and appetite for swings: the higher-return fund is only the better pick if you can hold through its rougher months. Use the ₹10,000 growth chart above to see how each fund actually behaved through market cycles, and consider consulting a SEBI-registered adviser before investing. This comparison is informational, not investment advice.
Key takeaways
- Franklin Asian Equity Fund has delivered higher 3-year returns (+21.71% vs +19.89%).
- Union Innovation & Opportunities Fund has shown lower volatility over the trailing year.
- Franklin Asian Equity Fund has had the shallower maximum drawdown (−14.2%).
Frequently Asked Questions
Which fund has given higher returns — Franklin Asian Equity Fund or Union Innovation & Opportunities Fund?
Over the past 3 year period, Franklin Asian Equity Fund has delivered higher returns: +21.71% versus +19.89% annualised. Past performance does not guarantee future results.
Which fund is less risky — Franklin Asian Equity Fund or Union Innovation & Opportunities Fund?
Based on the trailing year, Union Innovation & Opportunities Fund has shown lower day-to-day volatility (Franklin Asian Equity Fund: 20.9%, Union Innovation & Opportunities Fund: 17.7% annualised). Volatility and drawdowns describe past behaviour, not future safety — both funds carry the market risk of their category.
Can I invest in both Franklin Asian Equity Fund and Union Innovation & Opportunities Fund?
Yes — many investors split a SIP across two funds. If both funds are from the same category, remember they will hold overlapping stocks, so diversification benefits may be smaller than they appear. Check each scheme's portfolio before doubling up within one category.
More Sectoral/ Thematic comparisons
Returns, volatility and drawdowns are computed from official AMFI NAV history for direct-growth plans and may differ slightly from fund-house factsheets due to date conventions. Mutual fund investments are subject to market risks. This comparison is for informational purposes only — not investment advice.