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InvestVerdict

Franklin India Arbitrage Fund

Direct Plan · Growth · Arbitrage · Scheme code 153043

NAV₹11.4110as on 27 Oct 2026
Fund houseFranklin Templeton Mutual Fund
CategoryArbitrage
Plan & optionDirect · Growth
History1.8 years

Returns (%)

 1M3M6M1Y3Y5Y7Y10YLaunch
This scheme 0.502.113.17 6.89—— ——7.05
Arbitrage
category median		 ——— 6.667.256.75 —6.38—

Over a year annualised (CAGR), under a year absolute. Computed from AMFI's published NAV history for this scheme.

Risk

 VolatilitySharpeSortinoBetaAlphaMax fallR²
This scheme 0.6% 0.87 1.52 — — -0.4% —

Risk-free rate 6.5%. Beta, alpha and R² are regressed on the — months this scheme and its benchmark share.

Growth of ₹100 since launch

991041091142026InvestVerdict

Every one-year period it has lived through

WindowsWorstMedianBestPeriods that lost money
193 6.5% 7.0% 7.7% 0%

Every one-year holding period in this scheme's history, not just the last one — the spread a real investor would have met depending only on when they started.

InvestVerdict

Franklin India Arbitrage Fund

Direct Plan · Growth

Allocation

By asset

Equity71.39%
Debt14.49%
Mutual Fund Units12.22%
Cash & Equivalents1.90%

By market cap

Large Cap51.93%
Mid Cap17.68%
Small Cap1.78%
Unclassified26.71%

Concentration

Number of stocks144
Top 5 stocks31.36%
Top 10 stocks43.94%
Top 20 stocks60.04%
Lines in the filing146
Largest holding12.02%
Largest sectorBanks 23.48%
Effective stocks30.7
Sectors held46
Cash1.90%

Effective stocks is what the concentration works out to: a fund holding 144 names but most of its money in a few behaves like a fund of 31. Cash includes repo and TREPS, which every fund parks money in overnight.

Sector split

Banks — 23.5%Mutual Fund — 12.2%CRISIL A1+ — 7.7%Telecom - Services — 5.4%Petroleum Products — 4.2%Automobiles — 4.1%CARE A1+ — 3.8%ICRA A1+ — 3.0%Other — 36.1%Banks23.5%Mutual Fund12.2%CRISIL A1+7.7%Telecom - Services5.4%Petroleum Products4.2%Automobiles4.1%CARE A1+3.8%ICRA A1+3.0%Other36.1%
Banks23.48%
Mutual Fund12.22%
CRISIL A1+7.67%
Telecom - Services5.44%
Petroleum Products4.20%
Automobiles4.11%
CARE A1+3.79%
ICRA A1+3.03%
Pharmaceuticals & Biotechnology2.99%
Finance2.79%
Retailing2.33%
Non - Ferrous Metals2.27%
Insurance2.10%
Construction2.00%
Power1.94%
Cash & Equivalents1.90%
Financial Technology (Fintech)1.50%
IT - Software1.48%
Metals & Minerals Trading1.44%
Aerospace & Defense1.34%
InvestVerdict

Franklin India Arbitrage Fund

Direct Plan · Growth · holdings

Top 30 holdings

#CompanySectorShares held Value
₹ cr		% of fund
1 Franklin India Money Market Fund Direct-Growth Plan Mutual Fund 41,074,700 231 12.02%
2 ICICI Bank Ltd !! Banks 877,100 116 6.04%
3 HDFC Bank Ltd ! Banks 1,569,750 111 5.79%
4 Reliance Industries Ltd Petroleum Products 669,000 79 4.13%
5 Axis Bank Ltd Banks 528,750 65 3.37%
6 Canara Bank (30-Nov-2026) CRISIL A1+ 1,000 49 2.58%
7 Bharti Airtel Ltd ## !! Telecom - Services 278,825 49 2.55%
8 Union Bank of India (16-Mar-2027) ICRA A1+ 1,000 48 2.52%
9 National Bank For Agriculture & Rural Development (17-Mar-2027) CRISIL A1+ 1,000 48 2.52%
10 Vodafone Idea Ltd Telecom - Services 35,737,500 46 2.41%
11 IDFC First Bank Ltd ! Banks 4,971,400 40 2.11%
12 Larsen & Toubro Ltd Construction 95,900 36 1.88%
13 HDFC Life Insurance Co Ltd Insurance 672,100 35 1.82%
14 Hindalco Industries Ltd Non - Ferrous Metals 364,700 34 1.79%
15 State Bank of India Banks 355,500 34 1.78%
16 Adani Enterprises Ltd $$ ! Metals & Minerals Trading 95,172 28 1.44%
17 Maruti Suzuki India Ltd Automobiles 22,200 27 1.38%
18 Call, Cash & Other Assets Unclassified — 26 1.38%
19 Bharat Electronics Ltd Aerospace & Defense 659,775 26 1.33%
20 Indian Bank (04-Dec-2026) CRISIL A1+ 500 25 1.29%
21 Indian Bank (10-Dec-2026) CRISIL A1+ 500 25 1.29%
22 HDFC Bank Ltd (14-Dec-2026) CARE A1+ 500 25 1.29%
23 HDFC Bank Ltd (24-Feb-2027) CARE A1+ 500 24 1.27%
24 Small Industries Development Bank of India (11-Jun-2027) CARE A1+ 500 24 1.24%
25 IndusInd Bank Ltd Banks 259,700 23 1.22%
26 FSN E-Commerce Ventures Ltd $$ Retailing 696,875 22 1.16%
27 Bajaj Finance Ltd Finance 207,000 20 1.03%
28 UPL Ltd Fertilizers & Agrochemicals 356,365 19 1.00%
29 PB Fintech Ltd Financial Technology (Fintech) 177,100 19 0.98%
30 Sun Pharmaceutical Industries Ltd Pharmaceuticals & Biotechnology 103,600 19 0.98%
InvestVerdict

Franklin India Arbitrage Fund

Direct Plan · Growth · where the money sits

What the manager did last month

Between the filings of 30 Jun 2026 and 31 Jul 2026. A position grows because the manager bought or because the price rose; only the share count separates them.

BoughtSoldNew positionsSold out ofPrice move of holdings
₹81 cr ₹104 cr 9 9 +1.53%
StockShares tradedShares PriceValue
₹ cr
New position
Tata Consultancy Services Ltd 25,200 entered — 6.0
Petronet LNG Ltd 176,700 entered — 5.0
Infosys Ltd 20,000 entered — 2.3
Power Finance Corporation Ltd 48,100 entered — 2.0
Jubilant Foodworks Ltd 36,250 entered — 1.6
Coforge Ltd 6,175 entered — 1.1
Samvardhana Motherson International Ltd 67,650 entered — 1.0
Colgate Palmolive (India) Ltd 3,850 entered — 0.8
Added to
HDFC Life Insurance Co Ltd 489,500 +248.6% -4.8% 26.9
Axis Bank Ltd 90,625 +41.8% -8.6% 11.1
Indus Towers Ltd 236,300 +2,780.0% -0.2% 9.2
FSN E-Commerce Ventures Ltd 234,375 +35.7% +7.3% 7.8
AU Small Finance Bank Ltd 68,000 +200.0% +1.0% 7.1
Canara Bank 270,000 +93.0% -0.4% 3.4
PB Fintech Ltd 19,950 +172.7% -1.7% 3.2
Laurus Labs Ltd 15,300 +54.6% +19.7% 2.8
Trimmed
ICICI Bank Ltd !! 293,300 -44.4% +4.4% 42.1
HDFC Bank Ltd ! 160,550 -13.6% -6.2% 12.0
Marico Ltd 76,800 -40.8% +4.1% 6.7
Oil & Natural Gas Corporation Ltd 200,250 -38.0% +3.3% 4.9
Eternal Ltd 121,250 -12.9% +14.3% 3.7
Info Edge (India) Ltd 28,600 -33.1% +25.4% 3.5
Kalyan Jewellers India Ltd 56,700 -66.7% +58.4% 3.5
Hindustan Aeronautics Ltd 7,200 -96.0% +6.1% 3.4
Sold out of
Kfin Technologies Ltd 25,875 exited — 2.3
Titan Co Ltd 4,550 exited — 2.0
RBL Bank Ltd 53,975 exited — 2.0
Vishal Mega Mart Ltd 121,250 exited — 1.4
PG Electroplast Ltd 15,200 exited — 0.8
REC Ltd 18,900 exited — 0.7
Eicher Motors Ltd 500 exited — 0.4
Exide Industries Ltd 3,600 exited — 0.1
Not equityPrevious filingThis filingChange
Cash, repo and TREPS ₹0 cr ₹0 cr +₹0 cr
Debt: bills, CDs and commercial paper ₹228 cr ₹302 cr +₹74 cr

The list above is stocks and fund units. Treasury bills, repo and money-market lines roll over every month by design — they are not decisions, so they are totalled here rather than listed as activity.

Not investment advice. InvestVerdict is not a SEBI-registered Investment Adviser or Research Analyst. Every figure is computed from AMFI's published NAV history and the portfolio the AMC filed with AMFI; none of it is a recommendation to buy, hold or sell. Past returns do not predict future ones. Generated 28 Oct 2026.