Funds/Equity Savings/Franklin India Equity Savings Fund

Franklin India Equity Savings Fund

Franklin Templeton Mutual Fund·Equity Savings·vs Nifty Equity Savings TRI

The fund maintains a defensive posture befitting its hybrid mandate, anchoring nearly 70% in large-cap financials and utilities while holding a meaningful 28.8% in debt and cash. Recent exits from high-beta names like Dr Reddy's and Bajaj Finance, coupled with a 220-basis-point reduction in HDFC Bank, signal the manager is trimming richly-valued growth exposures and raising dry powder—prudent positioning ahead of potential market consolidation. The 43% concentration in top-10 holdings underscores a quality-over-breadth approach, though this leaves limited diversification cushion for investors seeking broader safety nets.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹16.6687	-0.23%	-0.83%	-0.22%	+3.11%	+7.67%	+7.45%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

23.73%

Top 10 Weight

41.60%

Active Share

—

Large Cap

56.59%

Gini

0.491

What Changed2026-03-31 → 2026-04-30

Holdings: 69 → 66+0 added−3 removed22 weight shifts ≥ 0.1%

Stock	Sector	Weight
No new entries this month

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Axis Bank Ltd $ ## INE238A01034	Banks	EQUITY	5.90%
2	Call, Cash & Other Assets Call, Cash & Other Assets		CASH_EQUIVALENT	5.05%
3	Reliance Industries Ltd $$ ~~ INE002A01018	Petroleum Products	EQUITY	4.97%
4	NTPC Ltd ^^ ~~ INE733E01010	Power	EQUITY	4.54%
5	Bharti Airtel Ltd $$ ## INE397D01024	Telecom - Services	EQUITY	4.27%
6	7.37% GOI 2028 (23-Oct-2028) $ ~~ IN0020230101	SOVEREIGN	DEBT	4.05%
7	0.00% Jubilant Bevco Ltd (31-May-2028) ** INE1D4P08019	CRISIL AA	DEBT	4.00%
8	ICICI Bank Ltd INE090A01021	Banks	EQUITY	3.63%
9	7.66% Maharashtra SDL (04-Mar-2047) IN2220250509	SOVEREIGN	DEBT	3.54%
10	Mahindra & Mahindra Ltd ! ^ INE101A01026	Automobiles	EQUITY	3.37%
11	Kotak Mahindra Bank Ltd $ # INE237A01036	Banks	EQUITY	3.33%
12	Hindustan Aeronautics Ltd INE066F01020	Aerospace & Defense	EQUITY	3.19%
13	Titan Co Ltd INE280A01028	Consumer Durables	EQUITY	2.85%
14	Margin on Derivatives Margin on Derivatives		CASH_EQUIVALENT	2.83%
15	7.21% Embassy Office Parks Reit (17-Mar-2028) ** INE041007167	CRISIL AAA	REIT_INVIT	2.36%
16	7.30% Uttarkahand SDL (01-Oct-2032) IN3620250040	SOVEREIGN	DEBT	2.35%
17	Larsen & Toubro Ltd ^ ~~ INE018A01030	Construction	EQUITY	1.93%
18	Apollo Hospitals Enterprise Ltd INE437A01024	Healthcare Services	EQUITY	1.85%
19	HDFC Bank Ltd ! ~~ INE040A01034	Banks	EQUITY	1.74%
20	7.48% Punjab SDL (14-Jan-2031) IN2820250156	SOVEREIGN	DEBT	1.61%

Sector Allocation

Banks19.0%

SOVEREIGN13.6%

Power6.8%

Telecom - Services6.8%

Petroleum Products5.5%

CRISIL AA5.4%

Automobiles5.0%

CRISIL AAA4.3%

Finance4.2%

Aerospace & Defense3.4%

Top 10 sectors by % to NAV. Excludes derivatives.