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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹135.4290 | +1.10% | -3.65% | -2.86% | -1.31% | +14.49% | +15.61% |
Portfolio Metrics(latest month)
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.