Franklin India Small Cap Fund
The fund maintains a balanced small-cap approach with meaningful financial services exposure, particularly banks, while diversifying across capital goods and consumer discretionary sectors. The manager is actively rotating the portfolio, trimming IT and software positions while adding selective industrial plays like Ajax Engineering, suggesting confidence in domestic capex cycles over tech. Modest cash reserves and concentrated top-10 positioning indicate conviction-driven stock selection rather than passive tracking.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹169.4850 | +2.93% | +0.16% | +17.67% | +19.54% |
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 |
|---|---|
| Ajax Engineering Ltd | 0.20% |
| 364 DTB (04-Jun-2026) $~~ | 0.18% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Call, Cash & Other Assets Call, Cash & Other Assets | 5.03% |
| 2 | Syrma SGS Technology Ltd INE0DYJ01015 | 2.45% |
| 3 | MTAR Technologies Ltd INE864I01014 | 2.41% |
| 4 | Equitas Small Finance Bank Ltd INE063P01018 | 2.32% |
| 5 | Kajaria Ceramics Ltd INE217B01036 | 2.27% |
| 6 | Brigade Enterprises Ltd INE791I01019 | 2.21% |
| 7 | Eris Lifesciences Ltd INE406M01024 | 2.13% |
| 8 | PNB Housing Finance Ltd INE572E01012 | 2.05% |
| 9 | Kirloskar Oil Engines Ltd INE146L01010 | 2.01% |
| 10 | Aster DM Healthcare Ltd INE914M01019 | 1.99% |
| 11 | CESC Ltd INE486A01021 | 1.81% |
| 12 | Angel One Ltd INE732I01021 | 1.81% |
| 13 | Deepak Nitrite Ltd INE288B01029 | 1.74% |
| 14 | DCB Bank Ltd INE503A01015 | 1.64% |
| 15 | Crompton Greaves Consumer Electricals Ltd INE299U01018 | 1.58% |
| 16 | Sobha Ltd INE671H01015 | 1.57% |
| 17 | Zensar Technologies Ltd INE520A01027 | 1.55% |
| 18 | Data Patterns India Ltd INE0IX101010 | 1.54% |
| 19 | CCL Products (India) Ltd INE421D01022 | 1.51% |
| 20 | MedPlus Health Services Ltd INE804L01022 | 1.49% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Franklin India Small Cap Fund hold?
Franklin India Small Cap Fund holds 87 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 11.66% of NAV.
What is the largest holding in Franklin India Small Cap Fund?
The largest position in Franklin India Small Cap Fund is Call, Cash & Other Assets, accounting for 5.03% of NAV.
Is Franklin India Small Cap Fund a concentrated or diversified fund?
With a Gini coefficient of 0.282, Franklin India Small Cap Fund is well-diversified. The HHI concentration index is 12,981 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 11.66% of the portfolio.
What is the market cap allocation of Franklin India Small Cap Fund?
Based on SEBI's AMFI classification, Franklin India Small Cap Fund's equity portfolio is split as: Large Cap: 6.50%, Mid Cap: 4.01%, Small Cap: 80.47%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Franklin India Small Cap Fund invest in most?
Franklin India Small Cap Fund has the highest allocation to Banks (12.12%), Auto Components (8.72%), Consumer Durables (8.25%). The fund is invested across 30 sectors in total.
How actively managed is Franklin India Small Cap Fund compared to other Small Cap Fund funds?
Franklin India Small Cap Fund has an Active Share of 76.34%, classifying it as "Highly Differentiated" among 31 Small Cap Fund peers. This means the fund takes significantly different stock positions compared to its category peers.
What changed in Franklin India Small Cap Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Franklin India Small Cap Fund added 2 new stocks (including Ajax Engineering Ltd) and exited 6 stocks (including Birlasoft Ltd). Total holding count decreased from 92 to 88 stocks.