Franklin India Mid Cap Fund
The fund maintains a balanced yet diversified mid-cap exposure with meaningful financial sector tilt, reflecting confidence in banking and NBFC cyclicality. Recent portfolio tweaks—swapping consumer staples like Marico for financials and specialty players like Thermax—suggest the manager is rotating toward capital-intensive sectors likely to benefit from economic recovery. The modest cash buffer and absence of concentrated bets across the top holdings indicate a measured approach that hedges conviction rather than doubling down on single themes.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹2661.6042 | +0.26% | -1.07% | +19.40% | +16.34% |
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 |
|---|---|
| Poonawalla Fincorp Ltd | 1.16% |
| Thermax Ltd | 0.67% |
| 360 One Wam Ltd | 0.54% |
| 364 DTB (04-Jun-2026) $~~ | 0.21% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Call, Cash & Other Assets Call, Cash & Other Assets | 3.76% |
| 2 | Federal Bank Ltd INE171A01029 | 2.45% |
| 3 | Mphasis Ltd INE356A01018 | 2.17% |
| 4 | Biocon Ltd INE376G01013 | 2.15% |
| 5 | IDFC First Bank Ltd INE092T01019 | 2.12% |
| 6 | Balkrishna Industries Ltd INE787D01026 | 2.10% |
| 7 | Tube Investments of India Ltd INE974X01010 | 2.04% |
| 8 | Mankind Pharma Ltd INE634S01028 | 1.91% |
| 9 | Prestige Estates Projects Ltd INE811K01011 | 1.91% |
| 10 | Mahindra & Mahindra Financial Services Ltd INE774D01024 | 1.90% |
| 11 | APL Apollo Tubes Ltd INE702C01027 | 1.89% |
| 12 | ICICI Lombard General Insurance Co Ltd INE765G01017 | 1.89% |
| 13 | IPCA Laboratories Ltd INE571A01038 | 1.86% |
| 14 | Tata Steel Ltd INE081A01020 | 1.72% |
| 15 | Shree Cement Ltd INE070A01015 | 1.67% |
| 16 | Ashok Leyland Ltd INE208A01029 | 1.65% |
| 17 | Phoenix Mills Ltd INE211B01039 | 1.65% |
| 18 | Deepak Nitrite Ltd INE288B01029 | 1.58% |
| 19 | SRF Ltd INE647A01010 | 1.52% |
| 20 | Kalyan Jewellers India Ltd INE303R01014 | 1.50% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Franklin India Mid Cap Fund hold?
Franklin India Mid Cap Fund holds 78 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 10.98% of NAV.
What is the largest holding in Franklin India Mid Cap Fund?
The largest position in Franklin India Mid Cap Fund is Call, Cash & Other Assets, accounting for 3.76% of NAV.
Is Franklin India Mid Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.207, Franklin India Mid Cap Fund is well-diversified. The HHI concentration index is 13,494 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 10.98% of the portfolio.
What is the market cap allocation of Franklin India Mid Cap Fund?
Based on SEBI's AMFI classification, Franklin India Mid Cap Fund's equity portfolio is split as: Large Cap: 12.58%, Mid Cap: 69.00%, Small Cap: 13.55%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Franklin India Mid Cap Fund invest in most?
Franklin India Mid Cap Fund has the highest allocation to Banks (9.93%), Pharmaceuticals & Biotechnology (7.02%), Consumer Durables (6.07%). The fund is invested across 28 sectors in total.
How actively managed is Franklin India Mid Cap Fund compared to other Mid Cap Fund funds?
Franklin India Mid Cap Fund has an Active Share of 61.92%, classifying it as "Active Stock Picker" among 30 Mid Cap Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Franklin India Mid Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Franklin India Mid Cap Fund added 4 new stocks (including Poonawalla Fincorp Ltd) and exited 5 stocks (including United Breweries Ltd). Total holding count decreased from 80 to 79 stocks.