Franklin India Multi Asset Allocation Fund
The fund maintains a defensive stance with substantial precious metals exposure (16.5%) and elevated cash positioning, signaling caution about near-term equity valuations despite a 65% equity allocation. The pronounced banking concentration (12.5%) combined with strategic additions in energy and financial services suggests the manager is selectively accumulating quality large-caps while using commodities as a hedge against inflation and market volatility. The meaningful cash build and rotation away from energy indicates a patient, tactical approach—prepared to deploy capital opportunistically rather than fully commit to the current market environment.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹10.8847 | -0.26% | — | — | — |
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 | 0.48% |
| JM Financial Services Ltd (20-Jul-2026) **@ | 0.18% |
| 364 DTB (04-Jun-2026) $~~ | 0.90% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Nippon India ETF Gold Bees INF204KB17I5 | 13.65% |
| 2 | HDFC Bank Ltd INE040A01034 | 4.12% |
| 3 | Reliance Industries Ltd INE002A01018 | 3.37% |
| 4 | Call, Cash & Other Assets Call, Cash & Other Assets | 3.27% |
| 5 | State Bank of India INE062A01020 | 2.91% |
| 6 | ICICI Bank Ltd INE090A01021 | 2.77% |
| 7 | Nippon India Silver ETF INF204KC1402 | 2.75% |
| 8 | Axis Bank Ltd INE238A01034 | 2.74% |
| 9 | Larsen & Toubro Ltd INE018A01030 | 2.40% |
| 10 | Bharti Airtel Ltd INE397D01024 | 2.21% |
| 11 | Ultratech Cement Ltd INE481G01011 | 2.21% |
| 12 | 7.55% Poonawalla Fincorp Ltd (25-Mar-2027) ** INE511C07946 | 2.00% |
| 13 | Mahindra & Mahindra Ltd INE101A01026 | 2.00% |
| 14 | HCL Technologies Ltd INE860A01027 | 1.90% |
| 15 | 7.35% Bharti Telecom Ltd (15-Oct-2027) ** INE403D08272 | 1.87% |
| 16 | Eternal Ltd INE758T01015 | 1.84% |
| 17 | 7.73% LIC Housing Finance LTD (18-MAR-2027) ** INE115A07RE1 | 1.83% |
| 18 | 7.35% Embassy Office Parks Reit (05-Apr-2027) ** INE041007092 | 1.81% |
| 19 | Tata Power Co Ltd INE245A01021 | 1.74% |
| 20 | Titan Co Ltd INE280A01028 | 1.71% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Franklin India Multi Asset Allocation Fund hold?
Franklin India Multi Asset Allocation Fund holds 59 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 26.82% of NAV.
What is the largest holding in Franklin India Multi Asset Allocation Fund?
The largest position in Franklin India Multi Asset Allocation Fund is Nippon India ETF Gold Bees, accounting for 13.65% of NAV in the ETFs sector.
Is Franklin India Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.374, Franklin India Multi Asset Allocation Fund is well-diversified. The HHI concentration index is 34,093 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 26.82% of the portfolio.
What is the market cap allocation of Franklin India Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Franklin India Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 49.28%, Mid Cap: 5.23%, Small Cap: 9.60%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Franklin India Multi Asset Allocation Fund invest in most?
Franklin India Multi Asset Allocation Fund has the highest allocation to ETFs (16.40%), Banks (12.54%), CRISIL AAA (10.63%). The fund is invested across 36 sectors in total.
How actively managed is Franklin India Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Franklin India Multi Asset Allocation Fund has an Active Share of 67.24%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Franklin India Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Franklin India Multi Asset Allocation Fund added 3 new stocks (including Bharat Petroleum Corporation Ltd) and exited 2 stocks (including Kwality Wall’s India Ltd). Total holding count increased from 59 to 60 stocks.