Franklin India Multi Cap Fund
The fund maintains a pronounced tilt toward financials and quality large-caps, with banks commanding nearly 19% of the portfolio despite multi-cap positioning. Recent portfolio moves reveal the manager raising cash significantly and trimming defensive bets like power utilities, while selectively adding IT and infrastructure plays—suggesting cautious optimism but preference for flexibility in a potentially volatile near-term environment. The 59-holding portfolio remains concentrated enough to express conviction, yet the cash buffer signals readiness to deploy opportunistically rather than chase current rallies.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹10.1344 | +0.70% | +2.06% | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Highly DifferentiatedActive 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 |
|---|---|
| HCL Technologies Ltd | 1.58% |
| Container Corporation Of India Ltd | 0.60% |
| Global Health Ltd | 0.36% |
| Tata Power Co Ltd | 0.23% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Kotak Mahindra Bank Ltd INE237A01036 | 4.19% |
| 2 | Axis Bank Ltd INE238A01034 | 3.76% |
| 3 | State Bank of India INE062A01020 | 3.56% |
| 4 | Call, Cash & Other Assets Call, Cash & Other Assets | 3.50% |
| 5 | Hindustan Aeronautics Ltd INE066F01020 | 3.02% |
| 6 | CESC Ltd INE486A01021 | 2.94% |
| 7 | PNB Housing Finance Ltd INE572E01012 | 2.85% |
| 8 | Mphasis Ltd INE356A01018 | 2.80% |
| 9 | HDFC Bank Ltd INE040A01034 | 2.59% |
| 10 | Reliance Industries Ltd INE002A01018 | 2.49% |
| 11 | APL Apollo Tubes Ltd INE702C01027 | 2.46% |
| 12 | Syrma SGS Technology Ltd INE0DYJ01015 | 2.46% |
| 13 | Ultratech Cement Ltd INE481G01011 | 2.46% |
| 14 | Coforge Ltd INE591G01025 | 2.27% |
| 15 | Kirloskar Oil Engines Ltd INE146L01010 | 2.25% |
| 16 | NTPC Ltd INE733E01010 | 2.02% |
| 17 | Hindustan Petroleum Corporation Ltd INE094A01015 | 1.99% |
| 18 | Tata Communications Ltd INE151A01013 | 1.98% |
| 19 | Dabur India Ltd INE016A01026 | 1.98% |
| 20 | J.K. Cement Ltd INE823G01014 | 1.87% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Franklin India Multi Cap Fund hold?
Franklin India Multi Cap Fund holds 58 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 17.48% of NAV.
What is the largest holding in Franklin India Multi Cap Fund?
The largest position in Franklin India Multi Cap Fund is Kotak Mahindra Bank Ltd, accounting for 4.19% of NAV in the Banks sector.
Is Franklin India Multi Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.286, Franklin India Multi Cap Fund is well-diversified. The HHI concentration index is 20,336 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 17.48% of the portfolio.
What is the market cap allocation of Franklin India Multi Cap Fund?
Based on SEBI's AMFI classification, Franklin India Multi Cap Fund's equity portfolio is split as: Large Cap: 34.77%, Mid Cap: 26.41%, Small Cap: 31.13%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Franklin India Multi Cap Fund invest in most?
Franklin India Multi Cap Fund has the highest allocation to Banks (18.79%), Industrial Products (7.99%), IT - Software (7.09%). The fund is invested across 24 sectors in total.
How actively managed is Franklin India Multi Cap Fund compared to other Multi Cap Fund funds?
Franklin India Multi Cap Fund has an Active Share of 73.71%, classifying it as "Highly Differentiated" among 30 Multi Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Franklin India Multi Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Franklin India Multi Cap Fund added 4 new stocks (including HCL Technologies Ltd) and exited 2 stocks (including Zensar Technologies Ltd). Total holding count increased from 57 to 59 stocks.