Franklin India ELSS Tax Saver Fund
Franklin Templeton Mutual Fund·ELSS - Tax Saver Fund·vs Nifty 500 TRI
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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹1356.9707 | -1.97% | -7.55% | -9.95% | -6.46% | +14.09% | +13.92% |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
47
Top 5 Weight
29.88%
Top 10 Weight
46.82%
Active Share
—
Large Cap
72.16%
Gini
0.445
What Changed2026-03-31 → 2026-04-30
Holdings: 49 → 48+2 added−3 removed14 weight shifts ≥ 0.1%
| 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
Banks28.3%
IT - Software7.3%
Construction4.7%
Cement & Cement Products4.7%
Power4.5%
Petroleum Products4.0%
Telecom - Services3.5%
Retailing3.2%
Aerospace & Defense2.9%
Automobiles2.8%
Top 10 sectors by % to NAV. Excludes derivatives.