Franklin India Equity Savings Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹16.7113 | -0.32% | +3.07% | +7.68% | +7.51% |
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 | |
|---|---|---|
| No new entries this month | ||
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Axis Bank Ltd $ ## INE238A01034 | 5.90% |
| 2 | Call, Cash & Other Assets Call, Cash & Other Assets | 5.05% |
| 3 | Reliance Industries Ltd $$ ~~ INE002A01018 | 4.97% |
| 4 | NTPC Ltd ^^ ~~ INE733E01010 | 4.54% |
| 5 | Bharti Airtel Ltd $$ ## INE397D01024 | 4.27% |
| 6 | 7.37% GOI 2028 (23-Oct-2028) $ ~~ IN0020230101 | 4.05% |
| 7 | 0.00% Jubilant Bevco Ltd (31-May-2028) ** INE1D4P08019 | 4.00% |
| 8 | ICICI Bank Ltd INE090A01021 | 3.63% |
| 9 | 7.66% Maharashtra SDL (04-Mar-2047) IN2220250509 | 3.54% |
| 10 | Mahindra & Mahindra Ltd ! ^ INE101A01026 | 3.37% |
| 11 | Kotak Mahindra Bank Ltd $ # INE237A01036 | 3.33% |
| 12 | Hindustan Aeronautics Ltd INE066F01020 | 3.19% |
| 13 | Titan Co Ltd INE280A01028 | 2.85% |
| 14 | Margin on Derivatives Margin on Derivatives | 2.83% |
| 15 | 7.21% Embassy Office Parks Reit (17-Mar-2028) ** INE041007167 | 2.36% |
| 16 | 7.30% Uttarkahand SDL (01-Oct-2032) IN3620250040 | 2.35% |
| 17 | Larsen & Toubro Ltd ^ ~~ INE018A01030 | 1.93% |
| 18 | Apollo Hospitals Enterprise Ltd INE437A01024 | 1.85% |
| 19 | HDFC Bank Ltd ! ~~ INE040A01034 | 1.74% |
| 20 | 7.48% Punjab SDL (14-Jan-2031) IN2820250156 | 1.61% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Franklin India Equity Savings Fund hold?
Franklin India Equity Savings Fund holds 65 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 23.73% of NAV.
What is the largest holding in Franklin India Equity Savings Fund?
The largest position in Franklin India Equity Savings Fund is Axis Bank Ltd $ ##, accounting for 5.90% of NAV in the Banks sector.
Is Franklin India Equity Savings Fund a concentrated or diversified fund?
With a Gini coefficient of 0.491, Franklin India Equity Savings Fund is moderately concentrated. The HHI concentration index is 26,244 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 23.73% of the portfolio.
What is the market cap allocation of Franklin India Equity Savings Fund?
Based on SEBI's AMFI classification, Franklin India Equity Savings Fund's equity portfolio is split as: Large Cap: 56.59%, Mid Cap: 6.00%, Small Cap: 1.93%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Franklin India Equity Savings Fund invest in most?
Franklin India Equity Savings Fund has the highest allocation to Banks (19.03%), SOVEREIGN (13.57%), Power (6.81%). The fund is invested across 25 sectors in total.
How actively managed is Franklin India Equity Savings Fund compared to other Equity Savings funds?
Franklin India Equity Savings Fund has an Active Share of 60.31%, classifying it as "Active Stock Picker" among 23 Equity Savings peers. This indicates a moderate level of differentiation from category peers.
What changed in Franklin India Equity Savings Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Franklin India Equity Savings Fund exited 3 stocks (including Dr. Reddy's Laboratories Ltd). Total holding count decreased from 69 to 66 stocks.