Franklin India Flexi Cap Fund - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : Flexi Cap Fund

Fund House : Franklin Templeton Mutual Fund

Portfolio Turnover Ratio : 24.00%. Category average turnover ratio is 146.02%. Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)

Equity Holding : 94.19% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 94.19%

No of Stocks : 55 (Category Avg - 63.88) | Large Cap Investments : 54.76%| Mid Cap Investments : 12.01% | Small Cap Investments : 5.71% | Other : 21.71%

Portfolio Summary (as on 31st Dec,2025)

Particulars	This Scheme	Category
No. of Stocks	55	62.19
Top 5 Stock Weight	27.58%	25.34%
Top 10 Stock Weight	43.75%	40.49%
Top 3 Sector Weight	33.38%	31.39%

Category - Flexi Cap Fund

Particulars	This Scheme	Category
Average mcap (Cr)	118520.96	96502.02
Holdings in large cap stocks	54.76%	41.04%
Holdings in mid cap stocks	12.01%	13.09%
Holdings in small cap stocks	5.71%	10.54%

Category - Flexi Cap Fund

Top 10 Stocks holding in Portfolio (as on 31st Dec,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
HDFC Bank Ltd.	Private sector bank	16720.8	8.37%	-0.12%	9.05% (Feb 2025)	8.33% (Jan 2025)	1.69 Cr	0.00
ICICI Bank Ltd.	Private sector bank	11939.8	5.98%	-0.19%	8.54% (Apr 2025)	5.98% (Dec 2025)	88.91 L	0.00
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	9124.1	4.57%	0.02%	5.25% (Jan 2025)	4.26% (May 2025)	43.33 L	0.00
Larsen & Toubro Ltd.	Civil construction	8705.1	4.36%	0.03%	4.42% (Jan 2025)	3.91% (Apr 2025)	21.32 L	0.00
Axis Bank Ltd.	Private sector bank	8583	4.30%	-0.02%	4.32% (Nov 2025)	3.04% (Jan 2025)	67.61 L	0.00
Infosys Ltd.	Computers - software & consulting	7294.5	3.65%	0.05%	5.06% (Jan 2025)	3.46% (Oct 2025)	45.16 L	-1.11 L
Reliance Industries Ltd.	Refineries & marketing	7055.9	3.53%	0.02%	3.53% (Dec 2025)	2.49% (Jan 2025)	44.93 L	0.00
State Bank Of India	Public sector bank	6095.9	3.05%	0.02%	3.05% (Dec 2025)	1.42% (Jul 2025)	62.06 L	0.00
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	5980.2	2.99%	-0.03%	3.03% (Nov 2025)	1.3% (Mar 2025)	16.12 L	0.00
Kotak Mahindra Bank Ltd.	Private sector bank	5882.4	2.95%	0.11%	2.95% (Dec 2025)	2.24% (Jan 2025)	26.72 L	0.00

- indicates change in weight in the portfolio. # indicates a new entry.

View complete holding

Complete equity Portfolio (as on 31st Dec,2025)

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M-Cap

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Stock Invested in	Sector	Sector Total	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty	M-Cap	GroupName
HDFC Bank Ltd.	Private sector bank	21.6	16720.8	8.37%	-0.12%	9.05% (Feb 2025)	8.33% (Jan 2025)	1.69 Cr	0.00	Other	21.71
ICICI Bank Ltd.	Private sector bank	21.6	11939.8	5.98%	-0.19%	8.54% (Apr 2025)	5.98% (Dec 2025)	88.91 L	0.00	Large Cap	54.76
Bharti Airtel Ltd.	Telecom - cellular & fixed line services	4.57	9124.1	4.57%	0.02%	5.25% (Jan 2025)	4.26% (May 2025)	43.33 L	0.00	Large Cap	54.76
Larsen & Toubro Ltd.	Civil construction	4.36	8705.1	4.36%	0.03%	4.42% (Jan 2025)	3.91% (Apr 2025)	21.32 L	0.00	Large Cap	54.76
Axis Bank Ltd.	Private sector bank	21.6	8583	4.30%	-0.02%	4.32% (Nov 2025)	3.04% (Jan 2025)	67.61 L	0.00	Large Cap	54.76
Infosys Ltd.	Computers - software & consulting	7.21	7294.5	3.65%	0.05%	5.06% (Jan 2025)	3.46% (Oct 2025)	45.16 L	-1.11 L	Large Cap	54.76
Reliance Industries Ltd.	Refineries & marketing	3.53	7055.9	3.53%	0.02%	3.53% (Dec 2025)	2.49% (Jan 2025)	44.93 L	0.00	Large Cap	54.76
State Bank Of India	Public sector bank	3.05	6095.9	3.05%	0.02%	3.05% (Dec 2025)	1.42% (Jul 2025)	62.06 L	0.00	Large Cap	54.76
Mahindra & Mahindra Ltd.	Passenger cars & utility vehicles	3.67	5980.2	2.99%	-0.03%	3.03% (Nov 2025)	1.3% (Mar 2025)	16.12 L	0.00	Large Cap	54.76
Kotak Mahindra Bank Ltd.	Private sector bank	21.6	5882.4	2.95%	0.11%	2.95% (Dec 2025)	2.24% (Jan 2025)	26.72 L	0.00	Large Cap	54.76
HCL Technologies Limited	Computers - software & consulting	7.21	5771.8	2.89%	0.01%	3.57% (Jan 2025)	2.6% (Sep 2025)	35.56 L	0.00	Large Cap	54.76
Eternal Ltd.	E-retail/ e-commerce	2.62	5222.7	2.62%	-0.20%	3.23% (Sep 2025)	2.35% (Mar 2025)	1.88 Cr	0.00	Other	21.71
Grasim Industries Limited	Cement & cement products	2.55	4667.2	2.34%	0.08%	2.48% (Apr 2025)	2.25% (May 2025)	16.50 L	0.00	Large Cap	54.76
Apollo Hospitals Enterprises Ltd.	Hospital	2.09	4168.1	2.09%	-0.08%	2.41% (Aug 2025)	2.02% (Jan 2025)	5.92 L	0.00	Mid Cap	12.01
Tata Steel Ltd.	Iron & steel products	1.94	3868.3	1.94%	0.77%	1.94% (Dec 2025)	0.82% (Apr 2025)	2.15 Cr	75.98 L	Other	21.71
Bharat Electronics Ltd.	Aerospace & defense	2.95	3742.3	1.87%	-0.05%	2.04% (Jun 2025)	1.43% (Feb 2025)	93.65 L	0.00	Mid Cap	12.01
InterGlobe Aviation Ltd.	Airline	1.83	3648.5	1.83%	-0.23%	2.1% (Aug 2025)	0.54% (Jan 2025)	7.21 L	25.00 k	Large Cap	54.76
Marico Ltd.	Personal care	1.8	3603.6	1.80%	0.08%	1.8% (Dec 2025)	1.53% (Feb 2025)	48.01 L	0.00	Large Cap	54.76
Tata Power Co. Ltd.	Integrated power utilities	2.43	3509.6	1.76%	-0.04%	1.9% (May 2025)	0.59% (Jan 2025)	92.45 L	0.00	Mid Cap	12.01
- United Spirits Ltd.	Breweries & distilleries	1.75	3493.8	1.75%	-0.01%	2.98% (Jan 2025)	1.75% (Dec 2025)	24.20 L	0.00	Large Cap	54.76
National Thermal Power Corporation Ltd.	Power generation	1.63	3254.2	1.63%	0.02%	2.2% (Feb 2025)	1.61% (Nov 2025)	98.75 L	0.00	Large Cap	54.76
Kirloskar Oil Engines Ltd.	Compressors, pumps & diesel engines	1.58	3164.4	1.58%	0.13%	1.58% (Dec 2025)	0.92% (Feb 2025)	25.96 L	7.45 k	Small Cap	5.71
Britannia Industries Ltd.	Packaged foods	1.55	3104.1	1.55%	0.05%	1.55% (Dec 2025)	0% (Jan 2025)	5.15 L	0.00	Large Cap	54.76
Ashok Leyland Ltd.	Commercial vehicles	1.54	3083.9	1.54%	0.15%	1.54% (Dec 2025)	0% (Jan 2025)	1.72 Cr	-5.00 L	Mid Cap	12.01
Cholamandalam Investment & Finance Co. Ltd.	Non banking financial company (nbfc)	1.52	3040.8	1.52%	-0.03%	1.55% (Nov 2025)	1.19% (Jan 2025)	17.86 L	0.00	Other	21.71
PB Fintech Ltd.	Financial technology (fintech)	1.48	2954.4	1.48%	0.01%	1.48% (Aug 2025)	1.25% (Feb 2025)	16.18 L	0.00	Other	21.71
Cipla Ltd.	Pharmaceuticals	3.54	2871.5	1.44%	-0.02%	1.66% (Feb 2025)	1.44% (Dec 2025)	19.00 L	0.00	Large Cap	54.76
Oil & Natural Gas Corporation Ltd.	Oil exploration & production	1.22	2431.5	1.22%	-0.01%	1.3% (Oct 2025)	0% (Jan 2025)	1.01 Cr	0.00	Large Cap	54.76
Sun Pharmaceutical Industries Ltd.	Pharmaceuticals	3.54	2349.5	1.18%	-0.07%	1.25% (Nov 2025)	1.01% (Jun 2025)	13.66 L	0.00	Large Cap	54.76
Hindustan Aeronautics Ltd.	Aerospace & defense	2.95	2160.7	1.08%	0.11%	1.08% (Dec 2025)	0% (Jan 2025)	4.92 L	62.00 k	Other	21.71
Tube Investments Of India Ltd.	Auto components & equipments	1.56	2096.7	1.05%	-0.07%	1.45% (Jan 2025)	1.05% (Dec 2025)	8.02 L	0.00	Small Cap	5.71
Trent Limited	Speciality retail	1.04	2074.4	1.04%	0.12%	1.16% (Aug 2025)	0% (Jan 2025)	4.85 L	50.00 k	Mid Cap	12.01
Pi Industries Ltd.	Pesticides & agrochemicals	1.02	2032.8	1.02%	-0.05%	1.32% (Jul 2025)	0% (Jan 2025)	6.28 L	0.00	Mid Cap	12.01
HDFC Life Insurance Company Ltd.	Life insurance	0.94	1886.7	0.94%	-0.02%	1.01% (Sep 2025)	0.83% (Feb 2025)	25.16 L	0.00	Large Cap	54.76
Kalyan Jewellers India Ltd.	Gems, jewellery and watches	0.94	1870.4	0.94%	-0.04%	1.15% (May 2025)	0.85% (Sep 2025)	38.54 L	0.00	Other	21.71
Eris Lifesciences Ltd.	Pharmaceuticals	3.54	1843.7	0.92%	-0.05%	1.1% (Aug 2025)	0.78% (Jan 2025)	12.25 L	0.00	Small Cap	5.71
GAIL (India) Ltd.	Gas transmission/marketing	0.81	1613.9	0.81%	-0.49%	1.55% (Mar 2025)	0.81% (Dec 2025)	93.74 L	-0.54 Cr	Large Cap	54.76
Prestige Estates Projects Ltd.	Residential, commercial projects	1.46	1555.4	0.78%	-0.04%	1.47% (May 2025)	0.78% (Dec 2025)	9.75 L	0.00	Mid Cap	12.01
Lemon Tree Hotels Ltd.	Hotels & resorts	0.77	1538	0.77%	0.01%	0.99% (Aug 2025)	0.76% (Nov 2025)	96.57 L	0.00	Small Cap	5.71
PG Electroplast Ltd.	Consumer electronics	0.88	1501.2	0.75%	0.01%	0.75% (Dec 2025)	0% (Jan 2025)	26.09 L	1.00 L	Other	21.71
Hyundai Motor India Ltd.	Passenger cars & utility vehicles	3.67	1356.1	0.68%	-0.01%	0.82% (Aug 2025)	0.58% (Apr 2025)	5.90 L	0.00	Other	21.71
Godrej Properties Ltd.	Residential, commercial projects	1.46	1351.1	0.68%	-0.04%	0.91% (Jan 2025)	0.68% (Dec 2025)	6.74 L	0.00	Mid Cap	12.01
Cesc Ltd.	Integrated power utilities	2.43	1347	0.67%	-0.01%	0.73% (Oct 2025)	0% (Jan 2025)	80.39 L	0.00	Other	21.71
Intellect Design Arena ltd.	Computers - software & consulting	7.21	1330.6	0.67%	-0.10%	1.17% (May 2025)	0.67% (Dec 2025)	13.70 L	0.00	Small Cap	5.71
Jyothy Laboratories Ltd.	Household products	0.56	1112	0.56%	-0.06%	0.95% (Jan 2025)	0.56% (Dec 2025)	39.34 L	-1.78 L	Small Cap	5.71
- Medplus Health Services Ltd.	Pharmacy retail	0.54	1086.5	0.54%	0.00%	0.59% (May 2025)	0.38% (Jan 2025)	13.46 L	0.00	Other	21.71
- Syngene International Ltd.	Healthcare research, analytics & technology	0.51	1025	0.51%	0.00%	0.53% (Aug 2025)	0% (Jan 2025)	15.75 L	0.00	Mid Cap	12.01
Amara Raja Batteries Limited	Auto components & equipments	1.56	1023	0.51%	-0.02%	0.68% (Feb 2025)	0.51% (Dec 2025)	11.25 L	0.00	Mid Cap	12.01
Jubilant Foodworks Ltd.	Restaurants	0.73	880.9	0.44%	-0.03%	1.08% (Jan 2025)	0.44% (Dec 2025)	15.77 L	0.00	Other	21.71
Devyani International Ltd.	Restaurants	0.73	579.3	0.29%	0.02%	1.03% (Feb 2025)	0.27% (Nov 2025)	39.15 L	0.00	Other	21.71
Syrma SGS Technology Ltd.	Industrial products	0.26	514.4	0.26%	0.07%	0.29% (Sep 2025)	0% (Jan 2025)	7.02 L	2.45 L	Other	21.71
The Ramco Cements Ltd.	Cement & cement products	2.55	428.8	0.21%	-0.22%	0.78% (Jun 2025)	0.21% (Dec 2025)	4.06 L	-4.33 L	Mid Cap	12.01
Teamlease Services Ltd.	Diversified commercial services	0.16	313.5	0.16%	-0.01%	0.29% (Jan 2025)	0.16% (Dec 2025)	2.01 L	0.00	Small Cap	5.71
LG Electronics India Pvt. Ltd.	Consumer electronics	0.88	253.4	0.13%	-0.16%	0.29% (Oct 2025)	0% (Jan 2025)	1.67 L	-1.77 L	Other	21.71
- Numero Uno International Ltd.	Media & entertainment	0	0	0.00%	0.00%	0% (Mar 2025)	0% (Aug 2025)	73.50 k	0.00	Other	21.71
Make My Trip	Foreign equity		889.8	0.00%	-0.44%	-	-	-	-	Other	21.71
Indus Towers Ltd.	Telecom - infrastructure		2465.9	0.00%	-1.23%	-	-	-	-	Large Cap	54.76

- indicates change in weight in the portfolio. # indicates a new entry.

New Stocks added in Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
No new entrants in the portfolio in the last month.

Stocks removed from Portfolio (in 1 month period ending 31st Dec,2025)

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
Make My Trip	Foreign equity	889.8	0.00%	-0.44%	0.44% (Nov 2025)	0% (Jan 2025)	0.00	-139346
Indus Towers Ltd.	Telecom - infrastructure	2465.9	0.00%	-1.23%	1.23% (Nov 2025)	0% (Jan 2025)	0.00	-6148536

Trend in stock holdings (Top 15 Holding)

Stock	Dec 2025	Nov 2025	Oct 2025	Sep 2025	Aug 2025	Jul 2025	Jun 2025	May 2025	Apr 2025	Mar 2025	Feb 2025	Jan 2025	Dec 2024
HDFC Bank Ltd.	8.37%	8.49%	8.41%	8.48%	8.57%	8.97%	8.72%	8.78%	8.91%	8.87%	9.05%	8.33%	8.33%
ICICI Bank Ltd.	5.98%	6.17%	7.41%	7.78%	8.14%	8.51%	8.14%	8.44%	8.54%	8.46%	8.14%	7.94%	7.79%
Bharti Airtel Ltd.	4.57%	4.55%	4.70%	4.50%	4.57%	4.32%	4.45%	4.26%	5.02%	4.89%	5.12%	5.26%	4.92%
Larsen & Toubro Ltd.	4.36%	4.33%	4.34%	4.12%	4.10%	4.08%	4.04%	4.19%	3.91%	4.28%	4.18%	4.42%	4.29%
Infosys Ltd.	3.65%	3.61%	3.46%	3.53%	3.63%	3.68%	3.83%	3.87%	3.81%	4.18%	4.84%	5.06%	4.85%
Axis Bank Ltd.	4.30%	4.32%	4.21%	4.05%	3.77%	3.80%	4.19%	3.87%	3.94%	3.84%	3.56%	3.04%	3.15%
Eternal Ltd.	2.62%	2.82%	3.01%	3.23%	3.15%	3.04%	2.56%	2.58%	5.17%	4.70%	-	-	-
Zomato Ltd.	-	-	-	-	-	-	-	-	-	-	2.65%	2.47%	2.63%
HCL Technologies Limited	2.89%	2.88%	2.77%	2.60%	2.76%	2.75%	3.17%	3.12%	3.06%	3.26%	3.47%	3.57%	3.80%
Reliance Industries Ltd.	3.53%	3.52%	3.37%	3.24%	3.03%	3.06%	3.24%	3.18%	3.18%	2.77%	2.52%	2.49%	2.29%
Kotak Mahindra Bank Ltd.	2.95%	2.84%	2.84%	2.56%	2.54%	2.53%	2.71%	2.70%	2.94%	2.53%	2.39%	2.24%	2.01%
United Spirits Ltd.	1.75%	1.75%	1.86%	2.04%	2.31%	2.44%	2.55%	2.81%	2.96%	2.78%	2.75%	2.98%	3.26%
Grasim Industries Limited	2.34%	2.26%	2.41%	2.40%	2.45%	2.39%	2.42%	2.25%	2.48%	2.48%	2.36%	2.32%	2.17%
Apollo Hospitals Enterprises Ltd.	2.09%	2.17%	2.30%	2.32%	2.41%	2.34%	2.21%	2.15%	2.24%	2.22%	2.19%	2.02%	2.07%
Mahindra & Mahindra Ltd.	2.99%	3.03%	2.84%	2.92%	2.75%	1.94%	1.65%	1.52%	1.43%	1.30%	1.36%	1.48%	1.43%