Franklin India ELSS Tax Saver Fund
The fund remains heavily tilted toward financial services, with nearly 28% in banks, reflecting conviction in India's credit cycle strength. The manager trimmed positions in discretionary consumption and short-duration debt while initiating exposure to energy, signaling a shift toward value and cyclical resilience. This defensive-yet-tactical positioning suggests the manager expects persistent inflation concerns to favor banks and commodities over growth stocks in the near term.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹1368.8965 | -2.94% | -7.16% | +14.21% | +14.12% |
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 |
|---|---|
| Bharat Petroleum Corporation Ltd | 0.59% |
| 364 DTB (04-Jun-2026) $~~ | 0.24% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd INE040A01034 | 8.24% |
| 2 | ICICI Bank Ltd INE090A01021 | 6.82% |
| 3 | Axis Bank Ltd INE238A01034 | 5.15% |
| 4 | State Bank of India INE062A01020 | 4.96% |
| 5 | Call, Cash & Other Assets Call, Cash & Other Assets | 4.84% |
| 6 | Larsen & Toubro Ltd INE018A01030 | 4.72% |
| 7 | Infosys Ltd INE009A01021 | 3.70% |
| 8 | Bharti Airtel Ltd INE397D01024 | 3.52% |
| 9 | Reliance Industries Ltd INE002A01018 | 3.45% |
| 10 | Grasim Industries Ltd INE047A01021 | 3.13% |
| 11 | Kotak Mahindra Bank Ltd INE237A01036 | 3.13% |
| 12 | Eternal Ltd INE758T01015 | 3.03% |
| 13 | HCL Technologies Ltd INE860A01027 | 2.97% |
| 14 | Bharat Electronics Ltd INE263A01024 | 2.93% |
| 15 | Mahindra & Mahindra Ltd INE101A01026 | 2.83% |
| 16 | Apollo Hospitals Enterprise Ltd INE437A01024 | 2.44% |
| 17 | NTPC Ltd INE733E01010 | 2.28% |
| 18 | Kirloskar Oil Engines Ltd INE146L01010 | 2.24% |
| 19 | Marico Ltd INE196A01026 | 2.20% |
| 20 | Tata Power Co Ltd INE245A01021 | 2.18% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Franklin India ELSS Tax Saver Fund hold?
Franklin India ELSS Tax Saver Fund holds 47 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 29.88% of NAV.
What is the largest holding in Franklin India ELSS Tax Saver Fund?
The largest position in Franklin India ELSS Tax Saver Fund is HDFC Bank Ltd, accounting for 8.24% of NAV in the Banks sector.
Is Franklin India ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.445, Franklin India ELSS Tax Saver Fund is well-diversified. The HHI concentration index is 33,535 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 29.88% of the portfolio.
What is the market cap allocation of Franklin India ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, Franklin India ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 72.16%, Mid Cap: 13.00%, Small Cap: 6.64%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Franklin India ELSS Tax Saver Fund invest in most?
Franklin India ELSS Tax Saver Fund has the highest allocation to Banks (28.30%), IT - Software (7.29%), Construction (4.72%). The fund is invested across 29 sectors in total.
How actively managed is Franklin India ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
Franklin India ELSS Tax Saver Fund has an Active Share of 56.39%, classifying it as "Active Stock Picker" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Franklin India ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Franklin India ELSS Tax Saver Fund added 2 new stocks (including Bharat Petroleum Corporation Ltd) and exited 3 stocks (including Hyundai Motor India Ltd). Total holding count decreased from 49 to 48 stocks.