Franklin India Balanced Advantage Fund
Franklin India Balanced Advantage has tilted decisively toward equities at 67.5% while building a defensive cash cushion, signaling cautious optimism on markets with room to retreat. The portfolio remains heavily concentrated in large-cap financials and quality names, but the exit of several government securities and addition of Motherson Sumi suggest the manager is reducing duration risk and selectively hunting for valuation opportunities in manufacturing and banking. The sharp cash increase despite equity overweight indicates tactical flexibility rather than outright market conviction.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹14.0007 | -0.67% | -3.54% | -4.35% | -0.91% | +10.77% | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Motherson Sumi Wiring India Ltd | 0.17% |
| Union Bank of India (15-Mar-2027) ** | 0.34% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd # ~~ INE040A01034 | 5.89% |
| 2 | ICICI Bank Ltd ^ ~~ INE090A01021 | 4.85% |
| 3 | 0.00% Jubilant Bevco Ltd (31-May-2028) ** INE1D4P08019 | 4.65% |
| 4 | Bharti Airtel Ltd !!~~ INE397D01024 | 4.39% |
| 5 | Call, Cash & Other Assets Call, Cash & Other Assets | 4.33% |
| 6 | Reliance Industries Ltd $ ~~ INE002A01018 | 4.05% |
| 7 | Larsen & Toubro Ltd INE018A01030 | 3.16% |
| 8 | State Bank of India INE062A01020 | 3.14% |
| 9 | Axis Bank Ltd ! ~~ INE238A01034 | 3.05% |
| 10 | 0.00% Jubilant Beverages Ltd (31-May-2028) ** INE1D4O08012 | 2.88% |
| 11 | NTPC Ltd INE733E01010 | 2.26% |
| 12 | Tata Steel Ltd INE081A01020 | 2.26% |
| 13 | Ultratech Cement Ltd INE481G01011 | 2.08% |
| 14 | 7.25% RJ Corp Ltd (08-Dec-2028) ** INE460K08053 | 1.94% |
| 15 | 7.87% Summit Digitel Infrastructure Ltd (15-Mar-2030) ** INE507T07146 | 1.81% |
| 16 | 7.65% Poonawalla Fincorp Ltd (21-Apr-2027) INE511C07854 | 1.80% |
| 17 | Apollo Hospitals Enterprise Ltd INE437A01024 | 1.78% |
| 18 | Infosys Ltd $$ ~~ INE009A01021 | 1.74% |
| 19 | Eternal Ltd INE758T01015 | 1.69% |
| 20 | Mahindra & Mahindra Ltd INE101A01026 | 1.61% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.