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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹14.0778 | -1.43% | -1.20% | +10.86% | — |
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 |
|---|---|
| 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.
Frequently Asked Questions
How many stocks does Franklin India Balanced Advantage Fund hold?
Franklin India Balanced Advantage Fund holds 71 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.83% of NAV.
What is the largest holding in Franklin India Balanced Advantage Fund?
The largest position in Franklin India Balanced Advantage Fund is HDFC Bank Ltd # ~~, accounting for 5.89% of NAV in the Banks sector.
Is Franklin India Balanced Advantage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.429, Franklin India Balanced Advantage Fund is well-diversified. The HHI concentration index is 22,843 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.83% of the portfolio.
What is the market cap allocation of Franklin India Balanced Advantage Fund?
Based on SEBI's AMFI classification, Franklin India Balanced Advantage Fund's equity portfolio is split as: Large Cap: 53.33%, Mid Cap: 5.44%, Small Cap: 8.27%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Franklin India Balanced Advantage Fund invest in most?
Franklin India Balanced Advantage Fund has the highest allocation to Banks (16.93%), CRISIL AAA (11.59%), SOVEREIGN (7.57%). The fund is invested across 35 sectors in total.
How actively managed is Franklin India Balanced Advantage Fund compared to other Dynamic Asset Allocation Fund funds?
Franklin India Balanced Advantage Fund has an Active Share of 61.30%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Franklin India Balanced Advantage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Franklin India Balanced Advantage Fund added 2 new stocks (including Motherson Sumi Wiring India Ltd) and exited 6 stocks (including Oil & Natural Gas Corporation Ltd). Total holding count decreased from 76 to 72 stocks.