Franklin India Dividend Yield Fund
The portfolio tilts heavily toward dividend-generating dividend blue chips—banks and power utilities dominate—while maintaining modest real estate exposure through REITs for yield diversification. The manager's recent cash accumulation and selective upgrades in ICICI Bank signal caution about broader valuations, though the retention of quality financials and IT leaders suggests selective conviction in earnings resilience. The concentrated structure (top 10 at 39%) reflects a high-conviction, income-focused approach suited for dividend seekers rather than growth hunters.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹135.7550 | -0.35% | -2.17% | +14.34% | +15.67% |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Dr. Lal Path Labs Ltd | 1.32% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | State Bank of India INE062A01020 | 5.33% |
| 2 | NTPC Ltd INE733E01010 | 4.59% |
| 3 | HDFC Bank Ltd INE040A01034 | 4.35% |
| 4 | Call, Cash & Other Assets Call, Cash & Other Assets | 4.00% |
| 5 | Embassy Office Parks REIT INE041025011 | 3.99% |
| 6 | ICICI Bank Ltd INE090A01021 | 3.84% |
| 7 | Infosys Ltd INE009A01021 | 3.69% |
| 8 | Oil & Natural Gas Corporation Ltd INE213A01029 | 3.20% |
| 9 | Coal India Ltd INE522F01014 | 3.12% |
| 10 | HCL Technologies Ltd INE860A01027 | 3.07% |
| 11 | Mediatek Inc TW0002454006 | 2.72% |
| 12 | Bharat Electronics Ltd INE263A01024 | 2.43% |
| 13 | Tata Consultancy Services Ltd INE467B01029 | 2.39% |
| 14 | CESC Ltd INE486A01021 | 2.28% |
| 15 | NHPC Ltd INE848E01016 | 2.17% |
| 16 | Tata Steel Ltd INE081A01020 | 2.15% |
| 17 | GAIL (India) Ltd INE129A01019 | 2.11% |
| 18 | Knowledge Realty Trust INE1JAR25012 | 2.07% |
| 19 | ITC Ltd INE154A01025 | 2.05% |
| 20 | REC Ltd INE020B01018 | 2.00% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Franklin India Dividend Yield Fund hold?
Franklin India Dividend Yield Fund holds 49 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 22.09% of NAV.
What is the largest holding in Franklin India Dividend Yield Fund?
The largest position in Franklin India Dividend Yield Fund is State Bank of India, accounting for 5.33% of NAV in the Banks sector.
Is Franklin India Dividend Yield Fund a concentrated or diversified fund?
With a Gini coefficient of 0.294, Franklin India Dividend Yield Fund is well-diversified. The HHI concentration index is 24,605 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 22.09% of the portfolio.
What is the market cap allocation of Franklin India Dividend Yield Fund?
Based on SEBI's AMFI classification, Franklin India Dividend Yield Fund's equity portfolio is split as: Large Cap: 56.76%, Mid Cap: 10.60%, Small Cap: 10.45%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Franklin India Dividend Yield Fund invest in most?
Franklin India Dividend Yield Fund has the highest allocation to Banks (13.52%), Power (10.48%), IT - Software (10.33%). The fund is invested across 28 sectors in total.
How actively managed is Franklin India Dividend Yield Fund compared to other Dividend Yield Fund funds?
Franklin India Dividend Yield Fund has an Active Share of 56.83%, classifying it as "Active Stock Picker" among 11 Dividend Yield Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Franklin India Dividend Yield Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Franklin India Dividend Yield Fund added 1 new stock (including Dr. Lal Path Labs Ltd) and exited 1 stock (including Misto Holdings Corp). Total holding count remained at 50 stocks.