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 | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹10.0906 | +3.38% | -3.47% | -5.27% | +3.09% | — | — |
Portfolio Metrics(latest month)
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.