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Franklin India ELSS Tax Saver Fund
Disclosed for 9 months, Jan 2026 to Sep 2026.Published as: Franklin India ELSS Tax Saver Fund (Formerly known as Franklin India TAXSHIELD)
Portfolio value
₹5,839 Cr
down ₹384 Cr vs Aug 2026
- Stocks held
- 50
- up 2 vs Aug 2026
- Top 10 weight
- 44.5%
- of the portfolio in its ten largest
- Cash & debt
- 6.2%
- cash, money market and debt
- Moves this month
- 3 in · 1 out
- added to 4, trimmed 40
Franklin India ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Franklin Templeton Mutual Fund. In September 2026 it disclosed 50 stocks worth ₹5,839 Cr, down ₹384 Cr from Aug 2026. Its largest positions were ICICI Bank Limited (7.5%), HDFC Bank Limited (5.8%), Axis Bank Limited (5.2%); the ten largest together made up 44.5% of the portfolio, and Banks was the biggest sector at 28.0% of its equity. Cash and debt stood at 6.2%. Compared with Aug 2026 the fund entered 3 new stocks and exited 1.
Against 46 other ELSS (tax saving) funds
Concentration
63%
Top-10 weight is higher than 63% of peers
Breadth
39%
Holds more stocks than 39% of peers
Cash
93%
Holds more cash than 93% of peers
Holdings in September 2026
Download CSVEvery line the fund disclosed, with the change against Aug 2026. Click a column to sort; click a company to see every fund that owns it.
- Weight
- 7.47%
- Δ weight
- down 0.24 pts
- Value
- ₹436 Cr
- Δ value
- down ₹43.6 Cr
- Status
- Trimmed
- Cash, TREPS & receivables
- Weight
- 5.94%
- Δ weight
- up 0.42 pts
- Value
- ₹347 Cr
- Δ value
- up ₹3.5 Cr
- Status
- Added
- Weight
- 5.78%
- Δ weight
- down 0.24 pts
- Value
- ₹337 Cr
- Δ value
- down ₹37.4 Cr
- Status
- Trimmed
- Weight
- 5.20%
- Δ weight
- up 0.03 pts
- Value
- ₹304 Cr
- Δ value
- down ₹18.3 Cr
- Status
- Trimmed
- Weight
- 4.66%
- Δ weight
- down 0.17 pts
- Value
- ₹272 Cr
- Δ value
- down ₹28.5 Cr
- Status
- Trimmed
- Weight
- 4.62%
- Δ weight
- down 0.04 pts
- Value
- ₹270 Cr
- Δ value
- down ₹20.4 Cr
- Status
- Trimmed
- Weight
- 4.11%
- Δ weight
- up 0.16 pts
- Value
- ₹240 Cr
- Δ value
- down ₹6.1 Cr
- Status
- Trimmed
- Weight
- 3.28%
- Δ weight
- up 0.19 pts
- Value
- ₹192 Cr
- Δ value
- down ₹55 L
- Status
- Held
- Weight
- 3.25%
- Δ weight
- down 0.23 pts
- Value
- ₹190 Cr
- Δ value
- down ₹26.7 Cr
- Status
- Trimmed
- Weight
- 3.12%
- Δ weight
- down 0.24 pts
- Value
- ₹182 Cr
- Δ value
- down ₹26.7 Cr
- Status
- Trimmed
- Weight
- 3.04%
- Δ weight
- down 0.13 pts
- Value
- ₹178 Cr
- Δ value
- down ₹20 Cr
- Status
- Trimmed
- Weight
- 2.99%
- Δ weight
- down 0.03 pts
- Value
- ₹175 Cr
- Δ value
- down ₹13.3 Cr
- Status
- Trimmed
- Weight
- 2.63%
- Δ weight
- down <0.01 pts
- Value
- ₹153 Cr
- Δ value
- down ₹10.3 Cr
- Status
- Trimmed
- Weight
- 2.54%
- Δ weight
- down 0.06 pts
- Value
- ₹148 Cr
- Δ value
- down ₹13.3 Cr
- Status
- Trimmed
- Weight
- 2.33%
- Δ weight
- up 0.05 pts
- Value
- ₹136 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 2.26%
- Δ weight
- down 0.12 pts
- Value
- ₹132 Cr
- Δ value
- down ₹15.9 Cr
- Status
- Trimmed
- Weight
- 2.00%
- Δ weight
- down 0.54 pts
- Value
- ₹117 Cr
- Δ value
- down ₹41.1 Cr
- Status
- Trimmed
- Weight
- 1.92%
- Δ weight
- up 0.09 pts
- Value
- ₹112 Cr
- Δ value
- down ₹1.6 Cr
- Status
- Trimmed
- Weight
- 1.91%
- Δ weight
- up 0.07 pts
- Value
- ₹112 Cr
- Δ value
- down ₹3.2 Cr
- Status
- Trimmed
- Weight
- 1.85%
- Δ weight
- up 0.09 pts
- Value
- ₹108 Cr
- Δ value
- down ₹1.5 Cr
- Status
- Trimmed
- Weight
- 1.84%
- Δ weight
- up 0.17 pts
- Value
- ₹108 Cr
- Δ value
- up ₹3.6 Cr
- Status
- Added
- Weight
- 1.68%
- Δ weight
- up 0.02 pts
- Value
- ₹98.1 Cr
- Δ value
- down ₹4.9 Cr
- Status
- Trimmed
- Weight
- 1.60%
- Δ weight
- up 0.02 pts
- Value
- ₹93.2 Cr
- Δ value
- down ₹5.1 Cr
- Status
- Trimmed
- Weight
- 1.59%
- Δ weight
- up 0.10 pts
- Value
- ₹92.7 Cr
- Δ value
- down ₹3 L
- Status
- Held
- Weight
- 1.52%
- Δ weight
- down 0.05 pts
- Value
- ₹88.8 Cr
- Δ value
- down ₹9 Cr
- Status
- Trimmed
- Weight
- 1.47%
- Δ weight
- up 0.04 pts
- Value
- ₹85.6 Cr
- Δ value
- down ₹3.3 Cr
- Status
- Trimmed
- Weight
- 1.43%
- Δ weight
- up 0.15 pts
- Value
- ₹83.4 Cr
- Δ value
- up ₹3.8 Cr
- Status
- Added
- Weight
- 1.38%
- Δ weight
- down 0.14 pts
- Value
- ₹80.5 Cr
- Δ value
- down ₹13.7 Cr
- Status
- Trimmed
- Weight
- 1.29%
- Δ weight
- down 0.02 pts
- Value
- ₹75.4 Cr
- Δ value
- down ₹5.9 Cr
- Status
- Trimmed
- Weight
- 1.22%
- Δ weight
- down 0.06 pts
- Value
- ₹71.4 Cr
- Δ value
- down ₹8.7 Cr
- Status
- Trimmed
- Weight
- 1.17%
- Δ weight
- up 1.17 pts
- Value
- ₹68.2 Cr
- Δ value
- up ₹68.2 Cr
- Status
- New
- Weight
- 1.12%
- Δ weight
- down 0.02 pts
- Value
- ₹65.2 Cr
- Δ value
- down ₹5.6 Cr
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- down 0.04 pts
- Value
- ₹61.2 Cr
- Δ value
- down ₹6.2 Cr
- Status
- Trimmed
- Weight
- 1.05%
- Δ weight
- down <0.01 pts
- Value
- ₹61.2 Cr
- Δ value
- down ₹4.2 Cr
- Status
- Trimmed
- Weight
- 1.03%
- Δ weight
- up 0.05 pts
- Value
- ₹60.4 Cr
- Δ value
- down ₹1.1 Cr
- Status
- Trimmed
- Weight
- 1.00%
- Δ weight
- up 0.33 pts
- Value
- ₹58.6 Cr
- Δ value
- up ₹16.7 Cr
- Status
- Added
- Weight
- 0.98%
- Δ weight
- down 0.03 pts
- Value
- ₹57 Cr
- Δ value
- down ₹5.7 Cr
- Status
- Trimmed
- Weight
- 0.95%
- Δ weight
- down 0.02 pts
- Value
- ₹55.3 Cr
- Δ value
- down ₹4.9 Cr
- Status
- Trimmed
- Weight
- 0.71%
- Δ weight
- down <0.01 pts
- Value
- ₹41.6 Cr
- Δ value
- down ₹2.8 Cr
- Status
- Trimmed
- Weight
- 0.70%
- Δ weight
- down 0.05 pts
- Value
- ₹40.7 Cr
- Δ value
- down ₹6 Cr
- Status
- Trimmed
- Weight
- 0.64%
- Δ weight
- up <0.01 pts
- Value
- ₹37.5 Cr
- Δ value
- down ₹2.2 Cr
- Status
- Trimmed
- Weight
- 0.59%
- Δ weight
- up 0.03 pts
- Value
- ₹34.4 Cr
- Δ value
- down ₹66 L
- Status
- Trimmed
- Weight
- 0.54%
- Δ weight
- up 0.06 pts
- Value
- ₹31.5 Cr
- Δ value
- up ₹1.5 Cr
- Status
- Added
- Weight
- 0.53%
- Δ weight
- down 0.02 pts
- Value
- ₹31.1 Cr
- Δ value
- down ₹3.4 Cr
- Status
- Trimmed
- Weight
- 0.37%
- Δ weight
- down 0.01 pts
- Value
- ₹21.8 Cr
- Δ value
- down ₹1.9 Cr
- Status
- Trimmed
- Weight
- 0.36%
- Δ weight
- up 0.36 pts
- Value
- ₹20.9 Cr
- Δ value
- up ₹20.9 Cr
- Status
- New
- Weight
- 0.31%
- Δ weight
- up 0.01 pts
- Value
- ₹17.8 Cr
- Δ value
- down ₹47 L
- Status
- Trimmed
- Weight
- 0.29%
- Δ weight
- down 0.97 pts
- Value
- ₹16.7 Cr
- Δ value
- down ₹61.2 Cr
- Status
- Trimmed
- 182 Days Tbill (MDDebt
- Weight
- 0.26%
- Δ weight
- up 0.02 pts
- Value
- ₹14.9 Cr
- Δ value
- up ₹6 L
- Status
- Held
- Weight
- 0.24%
- Δ weight
- up 0.24 pts
- Value
- ₹14.3 Cr
- Δ value
- up ₹14.3 Cr
- Status
- New
- Weight
- 0.20%
- Δ weight
- down 0.01 pts
- Value
- ₹11.5 Cr
- Δ value
- down ₹1.4 Cr
- Status
- Trimmed
- Globsyn Technologies LtdGlobsyn Technologies Limited · history in this fund
- Weight
- <0.01%
- Δ weight
- up <0.01 pts
- Value
- ₹0 L
- Δ value
- —
- Status
- Held
What changed, Aug 2026 to Sep 2026
New New positions (3)
- Meesho Ltd1.2% · ₹68.2 Cr
- Tenneco Clean Air India Limited0.4% · ₹20.9 Cr
- 360 One WAM Limited0.2% · ₹14.3 Cr
Exited Exited (1)
- Jyothy Labs Limitedwas 0.4% · ₹23.5 Cr
Added Biggest additions
- Asian Paints Limitedup ₹16.7 Cr (+0.33% pts)
- Pine Labs Limitedup ₹3.8 Cr (+0.15% pts)
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2026, the weight rose most in Retailing (+1.4 pts) and Consumer Durables (+0.4 pts), and fell most in Financial Technology (fintech) (−0.9 pts) and IT - Software (−0.8 pts).
- Retailing4.5% → 6.0%+1.4 pts
- Consumer Durables3.0% → 3.4%+0.4 pts
- Power3.7% → 4.0%+0.3 pts
- Capital Markets0.0% → 0.3%new+0.3 pts
- Auto Components2.4% → 2.6%+0.2 pts
- Telecom - Services3.3% → 3.5%+0.2 pts
- Financial Technology (fintech)2.7% → 1.8%−0.9 pts
- IT - Software7.0% → 6.2%−0.8 pts
- Banks28.7% → 28.0%−0.8 pts
- Household Products0.4% → 0.0%exited−0.4 pts
- Automobiles3.4% → 3.2%−0.1 pts
- Finance2.2% → 2.0%−0.1 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Mar 2026 | Jun 2026 | Aug 2026 | Sep 2026 |
|---|---|---|---|---|
| Banks | 29.8% | 30.8% | 28.7% | 28.0% |
| IT - Software | 8.5% | 6.7% | 7.0% | 6.2% |
| Retailing | 3.4% | 3.8% | 4.5% | 6.0% |
| Construction | 5.6% | 5.1% | 4.9% | 4.9% |
| Aerospace & Defense | 3.1% | 2.8% | 4.7% | 4.8% |
| Petroleum Products | 3.7% | 4.3% | 4.3% | 4.3% |
| Power | 4.5% | 4.1% | 3.7% | 4.0% |
| Telecom - Services | 3.7% | 3.4% | 3.3% | 3.5% |
| Consumer Durables | 2.2% | 2.2% | 3.0% | 3.4% |
| Automobiles | 3.4% | 2.9% | 3.4% | 3.2% |
Allocation in Sep 2026change vs Aug 2026
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal.
Cash & debt, Sep 2026
6.2%
▲ 0.4 pts vs Aug 2026
- Cash alone
- 5.9%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 3.2% – 6.4%
- lowest to highest · record 6.4% in May 2026
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.