Funds/Sectoral / Thematic/Franklin India Opportunities Fund

Franklin India Opportunities Fund

Franklin Templeton Mutual Fund·Sectoral / Thematic·vs Nifty 500 TRI

The manager has significantly raised cash to 10.4% while rotating heavily into defensively positioned financials and industrial stocks, signaling caution about near-term market conditions. The notable additions to HAL and trimming of auto and insurance exposure suggest conviction in aerospace-defense growth prospects amid geopolitical tailwinds, while the broad exit from established names like Bharti Airtel and M&M indicates skepticism on traditional cyclicals. This conservative posturing with elevated cash reserves suggests the manager sees better entry points ahead.

Portfolio analysis · April 2026

NAV & Returns

Plan	NAV	1M	3M	6M	1Y	3Y CAGR	5Y CAGR
Regular Growth	₹244.8760	+1.70%	-4.63%	-6.37%	+0.82%	+24.20%	+19.68%

Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.

Portfolio Metrics(latest month)

Holdings

Top 5 Weight

21.87%

Top 10 Weight

38.67%

Active Share

—

Large Cap

37.35%

Gini

0.325

What Changed2026-03-31 → 2026-04-30

Holdings: 55 → 47+1 added−9 removed26 weight shifts ≥ 0.1%

Stock	Sector	Weight
364 DTB (04-Jun-2026) $~~	SOVEREIGN	0.29%

Full Holdings

#	Holding	Sector	Class	% to NAV
1	Call, Cash & Other Assets Call, Cash & Other Assets		CASH_EQUIVALENT	10.37%
2	Reliance Industries Ltd INE002A01018	Petroleum Products	EQUITY	5.15%
3	Hindustan Aeronautics Ltd INE066F01020	Aerospace & Defense	EQUITY	4.94%
4	Shriram Finance Ltd INE721A01047	Finance	EQUITY	4.07%
5	Axis Bank Ltd INE238A01034	Banks	EQUITY	3.88%
6	Amphenol Corp US0320951017	Industrial Manufacturing	EQUITY	3.84%
7	State Bank of India INE062A01020	Banks	EQUITY	3.72%
8	APL Apollo Tubes Ltd INE702C01027	Industrial Products	EQUITY	3.71%
9	NTPC Ltd INE733E01010	Power	EQUITY	3.50%
10	Mankind Pharma Ltd INE634S01028	Pharmaceuticals & Biotechnology	EQUITY	3.24%
11	AIA Engineering Ltd INE212H01026	Industrial Products	EQUITY	2.63%
12	Kirloskar Oil Engines Ltd INE146L01010	Industrial Products	EQUITY	2.56%
13	Eternal Ltd INE758T01015	Retailing	EQUITY	2.44%
14	Amber Enterprises India Ltd INE371P01015	Consumer Durables	EQUITY	2.38%
15	Syrma SGS Technology Ltd INE0DYJ01015	Industrial Manufacturing	EQUITY	2.28%
16	PB Fintech Ltd INE417T01026	Financial Technology (Fintech)	EQUITY	2.12%
17	IDFC First Bank Ltd INE092T01019	Banks	EQUITY	2.11%
18	PG Electroplast Ltd INE457L01029	Consumer Durables	EQUITY	1.92%
19	Aster DM Healthcare Ltd INE914M01019	Healthcare Services	EQUITY	1.88%
20	Tata Motors Passenger Vehicles Ltd INE155A01022	Automobiles	EQUITY	1.81%

Sector Allocation

Banks12.5%

Industrial Products11.3%

Pharmaceuticals & Biotechnology7.9%

Industrial Manufacturing6.1%

Petroleum Products5.2%

Aerospace & Defense4.9%

Finance4.8%

Automobiles4.6%

Consumer Durables4.3%

IT - Software4.0%

Top 10 sectors by % to NAV. Excludes derivatives.