AD - Portfolio - Equity - and - Debt - Final - 300919

FRANKLIN TEMPLETON MUTUAL FUND
Tower 2, 12th and 13th Floor, Indiabulls Finance Centre, Senapati Bap
Elphinstone Road (West), Mumbai - 400013
Tel no. - 022-67519100 Fax - 022-66391282
PORTFOLIO STATEMENTS OF THE SCHEMES OF FRANKLIN TEMPLETON

AS ON SEPTEMBER 30, 2019
FRANKLIN TEMPLETON MUTUAL FUND
NOTES TO PORTFOLIO STATEMENTS AS ON September 30, 2019
1 Total Provision made for securities in default beyond its maturity date – Nil
2 Total value and percentage of Illiquid equity shares have been disclosed below the respective Portfolios.
3 NAV at the beginning and end of the Half-year period and aggregate dividend declared during the period has been disclosed
below the respective Portfolios.
4 Exposure to Derivative Instruments as on September 30, 2019:
(I) Franklin India Equity Savings Fund

a) Hedging Positions through Futures as on September 30, 2019:
Underlying Long/Short Futures Price Current price of the Margin
When purchased contract maintained
in Rs. Lakhs
Ambuja Cements Ltd. Short 218.80 205.45 96.76

Ashok Leyland Ltd. Short 74.92 68.95 111.64
Asian Paints Ltd. Short 1,768.71 1,771.10 81.64
Aurobindo Pharma Ltd. Short 614.73 590.65 41.74
Axis Bank Ltd. Short 701.85 690.40 99.30
Bajaj Finance Ltd. Short 3,988.74 4,076.25 231.34
Bajaj Finserv Ltd. Short 8,282.71 8,576.95 8.93
Bank of Baroda Short 101.05 93.25 67.79
Bharti Airtel Ltd. Short 351.60 369.65 12.66
Cadila Healthcare Ltd. Short 249.09 234.60 61.57
Dabur India Ltd. Short 440.11 448.75 32.69
Hindustan Unilever Ltd. Short 2,041.73 1,987.50 196.96
Housing Development Finance Corp. Ltd. Short 2,144.81 1,993.80 211.58
Infosys Ltd. Short 787.55 798.95 42.63
ITC Ltd. Short 255.50 260.35 55.22
Mahindra & Mahindra Financial Services Ltd. Short 372.58 328.65 2.02
Reliance Industries Ltd. Short 1,282.28 1,338.05 378.09
Titan Co. Ltd. Short 1,309.89 1,282.95 149.34
b) Total outstanding position in Derivative Instruments (Gross Notional) as at September 30, 2019 is Rs. 9,639.03 Lakhs.
c) Total percentage of existing assets hedged through futures is 34.85%.
d) For the Half Year ended September 30 , 2019 following were the hedging transactions through futures which have been
squared off/expired:
Number of contracts bought Number of contracts Gross Notional Gross Notional Net Profit/Loss
Sold Value of contracts Value of contracts value on all
where futures where futures were contracts in Rs.
were bought in Rs. sold in Rs. Lakhs Lakhs
Lakhs
9,642 56,495.59 1,113.32
5 The percentage in terms of market value of investments made in Foreign Securities/ADRs/GDRs as at September 30, 2019
is as under:
Market Value (Rs.in Percentage to
Scheme Name Lakhs) Net Assets
Franklin India Feeder - Franklin U.S. Opportunities Fund 96,016.33 99.87%
Franklin India Feeder - Franklin European Growth Fund 1,847.67 98.73%
Franklin Asian Equity Fund 9,922.24 82.14%
Franklin India Technology Fund 6,218.46 25.60%
Templeton India Equity Income Fund 20,838.89 23.13%
Franklin India Focused Equity Fund 21,820.37 2.61%
Franklin India Bluechip Fund 14,546.91 2.12%
Franklin India Equity Advantage Fund 2,493.76 0.97%
Franklin India Prima Fund 2,277.65 0.32%
^ Effective June 4, 2018, Franklin India High Growth Companies Fund was renamed as Franklin India Focused Equity Fund.
^ Effective June 4, 2018, Franklin India Flexi Cap Fund was renamed as Franklin India Equity Advantage Fund.
6 During the Half Year period, the following schemes were launched:
Scheme Name Launch Date Allotment Date
Franklin India Overnight Fund 7-May-19 8-May-19
7 During the Half year ended, no schemes/plans were matured/closed.

8 Average Maturity of all the debt oriented schemes is expressed as the weighted average maturity of the portfolio in the fund
in terms of no. of years.
9 The portfolio turnover ratio for all the equity oriented schemes is the lower of purchases or sales as a percentage of the average
Net Assets during the Half-year ended September 30, 2019.
10 Pursuant to payment of dividend, NAV of all the Schemes would fall to the extent of payout and statutory levy (as applicable).
11 ! The sale of units has been suspended effective October 1, 2012.
12 There are certain Instrument/ Security categories/ sub-categories wherein the schemes do not hold any positions as on September 30, 2019.
Accordingly, if there are NIL holdings, the category/sub-category of Instruments/ Securities have not been disclosed in the respective Portfolios.
13 In accordance with the Regulations, any debt security (other than Government securities) is considered as ‘Non – Traded/ Thinly Traded’
if the security is not traded for a period of thirty days prior to the valuation date or if, as on the valuation date, there are no individual trades
in that security in marketable lots on the stock exchange.
14 Industry classification provided is as per the ‘Industry’ classification recommended by AMFI and wherever not available, the same has been
provided basis our internal assessment based on available public information.
15 Value of 0.00 denotes less than 0.01 Lakhs.
16 Past Performance may or may not be sustained in the future.
FRANKLIN INDIA INCOME OPPORTUNITIES FUND
ISIN Number Name of the Instrument Rating Quantity Market Value % to Net
(Rs. in Lakhs) Assets
Debt Instruments
(a) Listed/Awaiting listing on Stock Exchanges
INE641O08035 9.55% Piramal Capital & Housing Finance Ltd. (08-Mar-2027) ** CARE AA 2,797 23,097.76 6.45
INE134E08JX9 9.10% Power Finance Corp. Ltd. (23-Mar-2029) ** CRISIL AAA 1,890 19,633.92 5.49
INE295J08022 9.90% Coastal Gujarat Power Ltd. (25-Aug-2028) ** CARE AA(SO) 1,910 19,089.30 5.33
INE721A08DF1 9.90% Shriram Transport Finance Co. Ltd. (21-Jun-2024) ** CRISIL AA+ 1,550 14,346.60 4.01
INE669E08318 10.90% Vodafone Idea Ltd. (02-Sep-2023) ** CARE A 1,450 12,749.39 3.56
INE503A08044 9.85% DCB Bank Ltd. (12-Jan-2028) ** CRISIL AA- 12,100 11,648.77 3.25
INE01E708057 10.32% Andhra Pradesh Capital Region Development Authority (16-Aug-2028) ** CRISIL A+(SO) 5,858 11,237.06 3.14
INE146O08134 10.15% Hinduja Leyland Finance Ltd. (27-Mar-2025) ** CARE AA- 1,000 9,252.60 2.58
INE434A08083 9.20% Andhra Bank (31-Oct-2022) ** CRISIL AA- 750 7,283.89 2.03
INE265J07357 12.40% JM Financial Asset Reconstruction Co. Ltd. (02-Feb-2022) ** ICRA AA- 700 6,969.05 1.95
INE020B08BP9 8.97% REC Ltd. (28-Mar-2029) ** CARE AAA 610 6,284.10 1.76
INE540P07350 10.15% Uttar Pradesh Power Corp. Ltd. (20-Jan-2028) CRISIL A+(SO) 646 6,152.04 1.72
INE721A08DC8 10.25% Shriram Transport Finance Co. Ltd. (26-Apr-2024) ** CRISIL AA+ 620 5,873.95 1.64
INE245A08042 10.75% The Tata Power Co. Ltd. (21-Aug-2022) ** CRISIL AA- 554 5,680.87 1.59
INE020B08BQ7 8.85% REC Ltd. (16-Apr-2029) ** CRISIL AAA 550 5,680.71 1.59
INE271C07178 12.25% DLF Ltd., Tranche II, Series IV, (11-Aug-2020) ** ICRA A+ 11 5,586.39 1.56
INE219X07033 9.10% India Grid Trust (03-Jun-2022) ** CRISIL AAA 550 5,518.03 1.54
INE615S07065 12.30% Sterlite Power Grid Ventures Ltd. (28-Mar-2022) ** IND A+ 550 5,490.73 1.53
INE128S07408 12.64% Five Star Business Finance Ltd. (28-Jun-2022) ** ICRA A 500 4,995.36 1.40
INE540P07301 10.15% Uttar Pradesh Power Corp. Ltd. (20-Jan-2023) ** CRISIL A+(SO) 501 4,942.16 1.38
INE922K07039 0.00% India Shelter Finance Corp. Ltd. (02-May-2025) ** ICRA A 400 4,362.08 1.22
INE271C07137 12.25% DLF Ltd., Series IV, (11-Aug-2020) ** ICRA A+ 8 4,062.83 1.13
INE607M08048 8.45% Tata Power Renewable Energy Ltd. (25-May-2022) ** CARE AA(SO) 400 3,910.28 1.09
INE852O07089 10.00% Aptus Value Housing Finance India Ltd. (20-Jul-2025) ** ICRA A 4,000 3,839.34 1.07
INE459T07041 9.95% Vastu Housing Finance Corp. Ltd. (27-Feb-2025) ** BWR A 400 3,740.16 1.04
INE134E08JZ4 8.98% Power Finance Corp. Ltd. (28-Mar-2029) ** CRISIL AAA 350 3,609.39 1.01
INE01XX07026 8.9508% Pipeline Infrastructure Pvt. Ltd. (22-Mar-2024) ** CRISIL AAA 200 2,001.60 0.56
INE146O08092 11.10% Hinduja Leyland Finance Ltd. (08-Apr-2022) ** CARE AA- 200 1,979.20 0.55
INE134E08KC1 8.85% Power Finance Corp. Ltd. (25-May-2029) ** CRISIL AAA 190 1,973.23 0.55
INE852O07063 10.00% Aptus Value Housing Finance India Ltd. (26-Feb-2025) ** ICRA A 2,000 1,927.00 0.54
INE516Y07105 9.50% Piramal Capital & Housing Finance Ltd (15-Apr-2022) ** CARE AA 250 1,892.55 0.53
INE540P07210 9.75% Uttar Pradesh Power Corp. Ltd. (20-Oct-2022) ** CRISIL A+(SO) 150 1,469.61 0.41
INE146O08118 9.20% Hinduja Leyland Finance Ltd. (13-Sep-2024) ** CARE AA- 150 1,345.59 0.38
INE020B08BU9 8.30% REC Ltd (25-Jun-2029) ** CRISIL AAA 60 598.68 0.17
INE205A07048 8.68% Vedanta Ltd (20-Apr-2020) ** CRISIL AA 50 498.16 0.14
INE459T07058 9.95% Vastu Housing Finance Corp. Ltd. (27-Feb-2025) ** BWR A 40 374.02 0.10
INE038A07266 9.55% Hindalco Industries Ltd. (27-Jun-2022) ** CARE AA+ 30 309.83 0.09
INE245A08034 11.40% Tata Power Co. Ltd. (02-Jun-2021) CARE AA 30 307.98 0.09
INE090A08UB4 9.15% ICICI Bank Ltd. (20-Jun-2023) ** CARE AA+ 25 251.17 0.07
Total 237,098.56 66.24
(b) Privately Placed/Unlisted

INE971Z07059 11.50% Rivaaz Trade Ventures Pvt. Ltd. (30-Mar-2023) ** BWR AA- (SO) 1,400 13,661.07 3.82
INE764L07181 0.00% Sadbhav Infrastructure Project Ltd. (06-Jun-2023) ** CARE A(SO) 1,000 11,325.90 3.16
INE00U207051 0.00% Adani Rail Infra Pvt. Ltd. (28-Apr-2023) ** BWR AA- (SO) 100 11,255.68 3.14
INE003S07098 12.68% Renew Power Ltd., Series III, (23-Mar-2020) ** CARE A+ 1,000 10,056.60 2.81
INE660N07062 11.50% S D Corp. Pvt. Ltd. (03-Jun-2022) ** CARE AA(SO) 1,000 9,936.42 2.78
INE964Q07012 9.60% Renew Wind Energy (Rajasthan One) Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 770 6,819.86 1.91
INE946S07148 12.80% Nufuture Digital (India) Ltd. (30-Sep-2023) ** BWR A+ (SO) 688 6,753.13 1.89
INE082T07033 0.00% Diligent Media Corp. Ltd., Series C, (30-Jun-2020) ** ICRA BBB-(SO) 44 6,337.81 1.77
INE713G08046 8.25% Vodafone Idea Ltd. (10-Jul-2020) ** CRISIL A 470 4,374.71 1.22
INE080T07078 13.40% Future Ideas Co. Ltd. (30-Sep-2023) ** BWR A+ (SO) 400 3,965.35 1.11
INE575P08016 10.25% Star Health & Allied Insurance Co. Ltd. (06-Sep-2024) ** IND A 370 3,536.48 0.99
INE598K07029 9.00% Pune Solapur Expressways Pvt. Ltd., Series B, (31-Mar-2029) ** ICRA A(SO) 3,559 3,415.38 0.95
INE333T07063 11.49% Reliance Big Pvt. Ltd., Series 3, (14-Jan-2021) **$$ BWR D 677 3,385.00 0.95
INE598K07011 9.00% Pune Solapur Expressways Pvt. Ltd., Series A, (31-Mar-2029) ** ICRA A(SO) 3,473 3,332.85 0.93
INE00MX08011 11.70% Svantantra Microfin Pvt. Ltd. (30-Nov-2023) ** ICRA A- 300 2,947.98 0.82
INE209W07028 9.95% Narmada Wind Energy Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 250 2,298.25 0.64
INE720G08074 (SBI+100 Bps) Jindal Power Ltd. (20-Dec-2019) ** ICRA BBB+ 230 2,286.19 0.64
INE139S07017 11.35% Renew Solar Power Pvt. Ltd. (01-Nov-2022) ** CARE A+(SO) 100 1,017.14 0.28
INE659X07014 9.95% Molagavalli Renewable Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 110 1,011.94 0.28
INE125X07016 9.75% TRPL Roadways Pvt. Ltd. (25-Mar-2022) ** ICRA A+(SO) 100 1,002.75 0.28
INE01EA07016 11.90% Rishanth Wholesale Trading Pvt. Ltd. (20-Oct-2023) ** IND A 10 1,001.84 0.28
INE003S07189 9.45% Renew Power Ltd. (31-Jul-2025) ** CARE A+ 50 470.04 0.13
INE918T07046 11.84% Hero Wind Energy Pvt. Ltd. (10-Jun-2022) ** ICRA A+ 40 400.76 0.11
Total 110,593.13 30.89
Totals 347,691.69 97.13
Call, Cash & Other Assets 10,261.47 2.87
Net Assets 357,953.16 100.00

** Non - Traded/Thinly Traded Scrips
SBI - Base Rate of State Bank of India
$$ Indicates securties below investment grade
Note:
a) NAV at the beginning and at the end of the Half-year ended September 30, 2019
NAV as on 31-Mar-2019##
Direct Dividend Plan(Rs) 11.6571
Direct Growth Plan(Rs) 23.4490
Dividend Plan(Rs) 11.0010
Growth Plan(Rs) 22.3295
NAV as on 30-Sep-2019
b) Aggregate Dividends declared during the Half-year ended September 30, 2019:
Plan Name Dividend per unit (Rs.)
Individual/HUF Others
Dividend Plan 0.3169 0.2935
Direct Dividend Plan 0.3169 0.2935
c) Average Maturity as on September 30, 2019 4.48 Years
d) Total No. of Instances of deviation from valuation price provided by the valuation agencies Nil
## Non-business day NAV computed for disclosure purposes only.

FRANKLIN INDIA OVERNIGHT FUND
Net Assets 27,432.11 100.00
Note:
NAV as on 31-Mar-2019 NA****
Direct Growth Option(Rs) 1021.6874
Direct Daily Dividend Reinvestment Option(Rs) 1000.0000
Direct Weekly Dividend Option(Rs) 1000.1431
Growth Option(Rs) 1021.4646
Daily Dividend Reinvestment Option(Rs) 1000.0000
Weekly Dividend Option(Rs) 1000.1419
Direct Daily Divdend Reinvestment Option 15.4453 14.3024
Direct Weekly Dividend Option 15.3908 14.2520
Daily Divdend Reinvestment Option 15.3213 14.1876
Weekly Dividend Option 15.2686 14.1388
****Allotment date for the scheme was May 08, 2019.

FRANKLIN INDIA ULTRA SHORT BOND FUND
Debt Instruments
INE205A07030 9.45% Vedanta Ltd. (17-Aug-2020) ** CRISIL AA 7,900 78,981.04 3.92
INE003S07213 9.60% Renew Power Ltd. (26-Feb-2021) ** CARE A+ 6,740 67,381.20 3.35
INE651J07739 (1Y SBI MCLR+160 Bps) JM Financial Credit Solutions Ltd.(23-Jul-2024) ** ICRA AA 5,400 54,004.32 2.68
INE896L07561 (1Y SBI MCLR+200 Bps) Indostar Capital Finance Ltd. (02-May-2023) ** CARE AA- 4,400 44,015.09 2.19
INE397D08029 8.25% Bharti Airtel Ltd. (20-Apr-2020) ** CRISIL AA 4,000 39,884.84 1.98
INE657N07597 (1Y SBI MCLR+160 Bps) Edelweiss Rural & Corporate Services Ltd. (29-Nov-2021) ** ICRA AA- 7,500 37,357.95 1.86
INE657N07605 (1Y SBI MCLR+160 Bps) Edelweiss Rural & Corporate Services Ltd., Series II, (29-Nov-2021) ** CRISIL AA 3,650 36,298.85 1.80
INE403D08025 0.00% Bharti Telecom Ltd. (19-Feb-2021) ** CRISIL AA+ 2,400 26,996.35 1.34
INE721A07MA5 (1YR INCDFIX+150 Bps) Shriram Transport Finance Co. Ltd. (30-Mar-2020) ** IND AA+ 2,500 24,946.28 1.24
INE540P07285 10.15% Uttar Pradesh Power Corp. Ltd. (20-Jan-2021) ** CRISIL A+(SO) 2,244 22,359.10 1.11
INE371K08128 0.00% Tata Realty & Infrastructure Ltd. (04-Jun-2021) ** ICRA AA 2,000 20,507.72 1.02
INE540P07194 9.75% Uttar Pradesh Power Corp. Ltd. (20-Oct-2020) ** CRISIL A+(SO) 2,030 20,210.94 1.01
INE658R08149 (SBI MCLR+215 Bps) Motilal Oswal Home Finance Ltd. (28-Sep-2023) ** CRISIL AA- 2,000 19,784.14 0.98
INE548V07039 8.5666% Nuvoco Vistas Corp. Ltd. (14-Sep-2020) ** CRISIL AA 1,550 15,524.21 0.77
INE658R07257 (SBI MCLR+200 Bps) Motilal Oswal Home Finance Ltd. (24-Aug-2023) ** CRISIL AA- 1,500 14,872.30 0.74
INE155A08316 7.50% Tata Motors Ltd. (20-Oct-2021) ** CARE AA- 1,534 14,825.17 0.74
INE721A07OI4 (3M INCDFIX Rate+222 Bps) Shriram Transport Finance Co. Ltd. (11-Mar-2021) ** CRISIL AA+ 1,425 14,223.58 0.71
INE134E08GS5 8.52% Power Finance Corp. Ltd. (09-Dec-2019) ** CRISIL AAA 1,350 13,558.36 0.67
INE657N07415 8.40% Edelweiss Rural & Corporate Services Ltd. (26-Oct-2020) ** CRISIL AA 1,300 12,952.88 0.64
INE081A08165 11.80% Tata Steel Ltd. (18-Mar-2021) ** CARE AA- 1,230 12,678.48 0.63
INE252T07040 9.70% Xander Finance Pvt. Ltd. (15-Mar-2021) ** ICRA A+ 1,600 11,855.55 0.59
INE245A08091 7.99% The Tata Power Co. Ltd. (16-Nov-2020) ** CARE AA 1,100 10,872.20 0.54
INE945W07019 10.75% Incred Financial Services Pvt. Ltd. (22-Jun-2020) ** CARE A 1,070 10,714.70 0.53
INE155A08365 7.40% Tata Motors Ltd. (29-Jun-2021) ** CARE AA- 1,103 10,694.73 0.53
INE146O08043 12.40% Hinduja Leyland Finance Ltd. (03-Apr-2020) ** IND AA- 1,050 10,614.60 0.53
INE623B07115 10.25% Future Enterprise Ltd., Series C, (06-Apr-2020) ** CARE AA- 1,000 10,256.35 0.51
INE623B07107 10.25% Future Enterprise Ltd., Series B, (06-Apr-2020) ** CARE AA- 1,000 10,256.35 0.51
INE850M07111 9.60% Northern ARC Capital Ltd. (27-Dec-2019) ** ICRA A+ 1,000 9,991.04 0.50
INE205A07048 8.68% Vedanta Ltd. (20-Apr-2020) ** CRISIL AA 1,000 9,963.26 0.50
INE905O07028 8.25% Vizag General Cargo Berth Pvt. Ltd. (30-Sep-2020) ** CRISIL AA(SO) 1,000 9,840.61 0.49
INE694L07107 7.85% Talwandi Sabo Power Ltd. (04-Aug-2020) ** CRISIL AA(SO) 1,000 9,829.37 0.49
INE572E09429 7.80% PNB Housing Finance Ltd. (07-May-2021) ** CARE AA+ 1,000 9,655.51 0.48
INE020B08864 8.56% REC Ltd. (13-Nov-2019) ** CRISIL AAA 950 9,525.99 0.47
INE657N07183 9.00% Edelweiss Rural & Corporate Services Ltd. (17-Apr-2020) ** ICRA AA- 840 8,656.64 0.43
INE669E07021 9.45% Vodafone Idea Ltd. (31-Oct-2019) ** CARE A 85 8,453.82 0.42
INE850M08077 (6M SBI MCLR+305 Bps) Northern ARC Capital Ltd., Series C, (16-Jul-2021) ** ICRA A+ 840 8,421.21 0.42
INE850M08069 (6M SBI MCLR+305 Bps) Northern ARC Capital Ltd., Series B, (16-Jul-2021) ** ICRA A+ 800 8,017.06 0.40
INE850M08051 (6M SBI MCLR+305 Bps) Northern ARC Capital Ltd., Series A, (16-Jul-2021) ** ICRA A+ 800 8,011.47 0.40
INE949L08152 11.75% AU Small Finance Bank Ltd. (04-May-2021) ** IND AA- 750 7,588.97 0.38
INE572E09460 7.63% PNB Housing Finance Ltd. (14-Jul-2020) ** CARE AA+ 750 7,372.68 0.37
INE572E09411 7.46% PNB Housing Finance Ltd. (30-Apr-2020) ** CARE AA+ 700 6,921.83 0.35
INE694L07123 9.23% Talwandi Sabo Power Ltd. (30-Jul-2021) ** CRISIL AA(SO) 700 6,895.82 0.34
INE572E09478 7.50% PNB Housing Finance Ltd. (15-Sep-2020) ** CARE AA+ 700 6,852.48 0.34
INE155A08357 7.28% Tata Motors Ltd. (29-Jul-2020) ** CARE AA- 650 6,419.67 0.32
INE945W07027 0.00% Incred Financial Services Pvt. Ltd. (22-Jun-2020) ** CARE A 500 5,858.19 0.29
INE721A07NR7 8.45% Shriram Transport Finance Co. Ltd. (27-Mar-2020) ** IND AA+ 550 5,470.62 0.27
INE572E09361 8.47% PNB Housing Finance Ltd. (01-Jul-2021) ** CARE AA+ 550 5,374.11 0.27
INE721A07NI6 8.55% Shriram Transport Finance Co. Ltd. (21-May-2021) ** CRISIL AA+ 550 5,282.99 0.26
INE941D08065 10.25% Sikka Ports & Terminals Ltd. (22-Aug-2021) ** CRISIL AAA 500 5,125.36 0.26
INE459T07066 (6M SBI MCLR + 350 Bps) Vastu Housing Finance Corp. Ltd. (25-Aug-2023) ** BWR A 500 5,002.27 0.25
INE459T07074 (6M SBI MCLR + 185 Bps) Vastu Housing Finance Corp. Ltd. (25-Aug-2023) ** BWR A 500 4,983.37 0.25
INE252T07057 9.70% Xander Finance Pvt. Ltd. (30-Apr-2021) ** ICRA A+ 500 4,948.81 0.25
INE155A08068 9.70% Tata Motors Ltd. (18-Jun-2020) ** CARE AA- 440 4,426.99 0.22
INE146O08035 12.40% Hinduja Leyland Finance Ltd. (03-Nov-2019) ** IND AA- 407 4,085.20 0.20
INE245A08034 11.40% Tata Power Co. Ltd. (02-Jun-2021) CARE AA 360 3,695.71 0.18
INE134E08GQ9 8.65% Power Finance Corp. Ltd. (28-Nov-2019) ** CRISIL AAA 350 3,513.48 0.17
INE020B07EY7 8.80% REC Ltd. (17-Nov-2019) ** CRISIL AAA 350 3,511.50 0.17
INE146O07052 10.65% Hinduja Leyland Finance Ltd. (16-Feb-2020) ** CARE AA- 300 3,016.68 0.15
INE721A07NV9 9.10% Shriram Transport Finance Co. Ltd. (12-Jul-2021) ** CRISIL AA+ 300,000 2,897.42 0.14
INE146O08084 11.30% Hinduja Leyland Finance Ltd. (21-Jul-2021) ** ICRA AA- 280 2,785.63 0.14
INE155A08043 9.90% Tata Motors Ltd. (07-May-2020) ** CARE AA- 250 2,514.38 0.13
INE091A07174 7.90% Nirma Ltd. (28-Feb-2020) ** CRISIL AA 250 2,494.44 0.12
INE572E09601 8.75% PNB Housing Finance Ltd. (30-Aug-2021) ** CARE AA+ 250 2,494.43 0.12
INE721A07LX9 8.10% Shriram Transport Finance Co. Ltd. (27-Mar-2020) ** IND AA+ 250 2,482.82 0.12
INE01HV07015 11.00% Vivriti Capital Pvt. Ltd. (19-Mar-2021) ** ICRA A- 200 1,978.86 0.10
INE721A07MW9 7.6414% Shriram Transport Finance Co. Ltd. (10-Nov-2020) ** CRISIL AA+ 200 1,939.30 0.10
INE804I08601 12.00% ECL Finance Ltd. (24-Apr-2020) ** CARE AA- 192,500 1,903.14 0.10
INE016P07112 11.45% Vistaar Financial Services Pvt. Ltd. (06-Jan-2020) ** ICRA A- 150 1,537.98 0.08
INE514E08FK7 7.09% Export-Import Bank of India (02-Mar-2020) ** CRISIL AAA 141 1,415.15 0.07
INE134E08GN6 8.96% Power Finance Corp. Ltd. (21-Oct-2019) ** CRISIL AAA 100 1,001.54 0.05
INE434A08067 10.99% Andhra Bank (05-Aug-2021) CRISIL AA- 80 808.87 0.04
INE090A08TW2 9.20% ICICI Bank Ltd. (17-Mar-2022) ** CARE AA+ 70 703.41 0.03
INE616U07036 8.70% Edelweiss Rural & Corporate Services Ltd. (30-Jun-2027) ** ICRA AA- 70 672.07 0.03
INE540P07301 10.15% Uttar Pradesh Power Corp. Ltd. (20-Jan-2023) ** CRISIL A+(SO) 61 601.74 0.03
INE572E09270 8.59% PNB Housing Finance Ltd. (17-Jun-2020) ** CARE AA+ 50 497.11 0.02
INE756I07CA5 (91DTB+205 Bps) HDB Financial (12-Jul-2021) ** CRISIL AAA 50 493.73 0.02
INE752E07MI5 8.15% Power Grid Corp. of India Ltd. (09-Mar-2020) ** CRISIL AAA 47 473.70 0.02
INE752E07LT4 8.93% Power Grid Corp. of India Ltd. (20-Oct-2019) ** CRISIL AAA 20 200.29 0.01
Total 947,678.30 47.08

INE713G08046 8.25% Vodafone Idea Ltd. (10-Jul-2020) ** CRISIL A 7,990 74,370.04 3.69
INE392R08020 0.00% Dolvi Minerals and Metals Pvt. Ltd. (22-Oct-2019) ** BWR A-(SO) 3,910 70,656.98 3.51
INE896L07660 (SBI MCLR+225 Bps) Indostar Capital Finance Ltd. (02-Nov-2021) ** CARE AA- 3,900 39,043.37 1.94
INE680R07012 10.90% Piramal Realty Pvt. Ltd. (13-Mar-2020) ** ICRA A+(SO) 3,500 35,013.23 1.74
INE081T08090 10.90% Aasan Corporate Solutions Pvt. Ltd. (13-Dec-2019) ** ICRA A+(SO) 3,450 34,524.94 1.72
INE529N07010 12.25% Greenko Wind Projects Pvt. Ltd. (14-Dec-2019) ** CARE A+(SO) 32,000 32,097.25 1.59
INE081T08108 10.90% Aasan Corporate Solutions Pvt. Ltd. (20-Dec-2019) ** ICRA A+(SO) 2,350 23,515.89 1.17
INE157D08027 9.00% Clix Capital Services Pvt. Ltd. (27-Jun-2023) ** CARE AA- 2,350 23,487.92 1.17
INE316W07013 0.00% Hero Solar Energy Pvt. Ltd. (21-Jun-2022) ** ICRA A+ 1,700 22,150.49 1.10
INE157D08019 10.75% Clix Capital Services Pvt. Ltd. (25-May-2023) ** CARE AA- 2,000 19,996.62 0.99
INE081T07027 10.90% Aasan Corporate Solutions Pvt. Ltd. (13-Mar-2020) ** ICRA A+(SO) 1,500 15,012.31 0.75
INE918T07038 0.00% Hero Wind Energy Pvt. Ltd. (21-Jun-2022) ** ICRA A+ 1,150 14,984.16 0.74
INE918T07020 0.00% Hero Wind Energy Pvt. Ltd. (08-Feb-2022) ** ICRA A+ 890 12,302.12 0.61
INE423Y07013 9.40% Small Business Fincredit India Pvt. Ltd. (28-Sep-2020) ** ICRA A 1,190 11,696.38 0.58
INE582L07138 8.19% Tata Housing Development Co. Ltd. (23-Apr-2020) ** ICRA AA 1,150 11,473.24 0.57
INE137K07018 4.00% HPCL-Mittal Energy Ltd. (03-Sep-2020) ** ICRA AA+ 650 11,174.52 0.55
INE125X07016 9.75% TRPL Roadways Pvt. Ltd. (25-Mar-2022) ** ICRA A+(SO) 1,100 11,030.25 0.55
INE587B08037 11.50% Clix Finance India Pvt. Ltd. (06-Jan-2022) ** CARE AA- 1,000 10,067.23 0.50
INE157D08035 11.50% Clix Capital Services Pvt. Ltd. (06-Sep-2021) ** CARE AA- 1,000 10,045.93 0.50
INE157D08068 11.50% Clix Capital Services Pvt. Ltd. (06-Jul-2021) ** CARE AA- 1,000 10,043.13 0.50
INE157D08050 11.50% Clix Capital Services Pvt. Ltd. (06-May-2021) ** CARE AA- 1,000 10,023.99 0.50
INE139S07025 10.25% Renew Solar Power Pvt. Ltd. (29-Nov-2019) ** CARE A+(SO) 1,000 9,991.27 0.50
INE311S08143 9.80% Ma Multi-Trade Pvt Ltd., Series B1, (17-Feb-2020) ** BWR A+ (SO) 1,000 9,973.15 0.50
INE582L07104 8.25% Tata Housing Development Co. Ltd. (27-Feb-2020) ** ICRA AA 950 9,523.90 0.47
INE157D08043 11.50% Clix Capital Services Pvt. Ltd. (12-Nov-2021) ** CARE AA- 900 9,054.33 0.45
INE003S07155 11.96% Renew Power Ltd. (28-Sep-2022) ** CARE A+ 850 8,601.86 0.43
INE931Q08035 8.40% Promont Hillside Pvt. Ltd. (26-Jun-2020) ** CARE AA(SO) 836 8,312.65 0.41
INE311S08150 9.80% Ma Multi-Trade Pvt. Ltd., Series B2, (17-Feb-2020) ** BWR A+ (SO) 450 4,487.92 0.22
INE960S07073 0.00% JSW Logistics Infrastructure Pvt. Ltd. (13-Dec-2019) ** BWR AA- (SO) 260 4,059.55 0.20
INE971Z07026 11.5% Rivaaz Trade Ventures Pvt. Ltd. (30-Mar-2020) ** BWR AA- (SO) 400 4,025.28 0.20
INE960S07081 0.00% JSW Logistics Infrastructure Pvt. Ltd. (13-Mar-2020) ** BWR AA- (SO) 257 4,023.35 0.20
INE357U08019 0.00% Yes Capital India Pvt. Ltd. (12-Oct-2020) ** CARE A 221 2,663.14 0.13
INE922K07013 9.99% India Shelter Finance Corp. Ltd. (10-Feb-2022) ** ICRA A 2,500 1,767.01 0.09
INE311S08168 9.80% Ma Multi-Trade Pvt. Ltd., Series B, (26-Jul-2017) ** BWR A+ (SO) 100 998.21 0.05
INE321N07244 0.00% KKR India Financial Services Pvt. Ltd. (10-Mar-2021) ** CRISIL AA+ 7 863.34 0.04
Total 600,369.72 29.82
Money Market Instruments
Certificate of Deposits
INE480Q16283 (MIBOR+160) Cooperatieve Rabobank (28-Nov-2019) ** ICRA A1+ 400 400.21 0.02
INE238A160K7 Axis Bank Ltd. (07-Feb-2020) ** CRISIL A1+ 100 97.98 0.00*
Total 498.19 0.02
Commercial Papers
INE020B14623 REC Ltd. (07-Feb-2020) ** CARE A1+ 9,500 46,512.05 2.31
INE351E14014 DLF Home Developers Ltd. (27-Dec-2019) ICRA A1 7,000 34,138.30 1.70
INE476M14BW4 L&T Housing Finance Ltd. (14-Jan-2020) ** CARE A1+ 4,500 22,098.55 1.10
INE371K14AB7 Tata Realty & Infrastructure Ltd. (21-Sep-2020) ** ICRA A1+ 3,500 16,178.47 0.81
INE371K14902 Tata Realty & Infrastructure Ltd. (25-Feb-2020) ** ICRA A1+ 2,000 9,697.52 0.48
INE371K14910 Tata Realty & Infrastructure Ltd. (03-Mar-2020) ** ICRA A1+ 2,000 9,683.57 0.48
INE001A14UH6 Housing Development Finance Corp. Ltd. (14-Nov-2019) ICRA A1+ 1,500 7,450.15 0.37
INE001A14UJ2 Housing Development Finance Corp. Ltd. (26-Nov-2019) ** CRISIL A1+ 500 2,478.80 0.12
INE001A14UV7 Housing Development Finance Corp. Ltd. (02-Mar-2020) ** ICRA A1+ 500 2,437.52 0.12
Total 165,172.49 8.21
Totals 1,713,718.70 85.13
Net Assets 2,013,002.97 100.00

** Non - Traded / Thinly Traded Scrips * Less Than 0.01 %
SBI MCLR - Base Rate of State Bank of India Marginal Cost of Funds Based Lending Rate
MIBOR - Mumbai Interbank Offered Rate
Note:
Direct Super Institutional Plan Growth Option(Rs) 26.3965
Direct Super Institutional Plan Daily Dividend Reinvestment Option(Rs) 10.0772
Direct Super Institutional Plan Weekly Dividend Option(Rs) 10.1182
Retail Plan Growth Option(Rs)! 24.9092
Retail Plan Daily Dividend Option(Rs)! 10.0672
Retail Plan Weekly Dividend Option(Rs)! 10.1524
Institutional Plan Growth Option(Rs)! 25.4770
Institutional Plan Daily Dividend Reinvestment Option(Rs)! 10.0047
Super Institutional Plan Growth Option(Rs) 26.2814
Super Institutional Plan Daily Dividend Reinvestment Option(Rs) 10.0960
Super Institutional Plan Weekly Dividend Option(Rs) 10.1256
Direct Super Institutional Plan Growth Option(Rs) 27.5830
Direct Super Institutional Plan Daily Dividend Reinvestment Option(Rs) 10.0683
Direct Super Institutional Plan Weekly Dividend Option(Rs) 10.0946
Retail Plan Growth Option(Rs)! 25.9731
Retail Plan Daily Dividend Option(Rs)! 10.0580
Retail Plan Weekly Dividend Option(Rs)! 10.1295
b) Aggregate Dividends declared during the Half - year ended September 30, 2019:
Direct Super Institutional Plan Daily Dividend Reinvestment Option 0.3254 0.3013
Direct Super Institutional Plan Weekly Dividend Option 0.3350 0.3102
Institutional Plan Daily Dividend Reinvestment Option! 0.3122 0.2891
Retail Plan Daily Dividend Option! 0.3099 0.2870
Retail Plan Weekly Dividend Option! 0.3219 0.2981
Super Institutional Plan Daily Dividend Reinvestment Option 0.3230 0.2991
Super Institutional Plan Weekly Dividend Option 0.3339 0.3092

FRANKLIN INDIA SHORT TERM INCOME PLAN
Debt Instruments
INE01XX07026 8.9508% Pipeline Infrastructure Pvt. Ltd. (22-Mar-2024) ** CRISIL AAA 7,700 77,061.60 5.93
INE721A08DC8 10.25% Shriram Transport Finance Co. Ltd. (26-Apr-2024) ** CRISIL AA+ 7,200 68,213.59 5.25
INE516Y07105 9.50% Piramal Capital & Housing Finance Ltd. (15-Apr-2022) ** CARE AA 4,813 36,435.32 2.80
INE528G08352 9.50% Yes Bank Ltd. (23-Dec-2021) ** CARE A- 3,523 30,618.60 2.35
INE616U07036 8.70% Edelweiss Rural & Corporate Services Ltd. (30-Jun-2027) ** ICRA AA- 3,100 29,762.88 2.29
INE657N07605 (1Y SBI MCLR+160 Bps) Edelweiss Rural & Corporate Services Ltd. (29-Nov-2021) - Series II ** CRISIL AA 2,800 27,845.69 2.14
INE140A07401 9.10% Piramal Enterprises Ltd. (15-May-2020) ** ICRA AA 2,700 26,964.93 2.07
INE134E08KC1 8.85% Power Finance Corp. Ltd. (25-May-2029) ** CRISIL AAA 2,460 25,548.18 1.96
INE01E708016 10.32% Andhra Pradesh Capital Region Development Authority (16-Aug-2024) CRISIL A+(SO) 10,675 20,966.96 1.61
INE615S07065 12.30% Sterlite Power Grid Ventures Ltd. (28-Mar-2022) ** IND A+ 2,100 20,964.60 1.61
INE434A08083 9.20% Andhra Bank (31-Oct-2022) ** CRISIL AA- 2,110 20,492.00 1.58
INE01HV07015 11.00% Vivriti Capital Pvt. Ltd. (19-Mar-2021) ** ICRA A- 1,390 13,753.05 1.06
INE219X07033 9.10% India Grid Trust (03-Jun-2022) ** CRISIL AAA 1,300 13,042.61 1.00
INE020B08BP9 8.97% REC Ltd. (28-Mar-2029) ** CARE AAA 1,200 12,362.16 0.95
INE852O07097 10.00% Aptus Value Housing Finance India Ltd. (20-Aug-2025) ** ICRA A 12,500 11,989.00 0.92
INE265J07357 12.40% JM Financial Asset Reconstruction Co. Ltd. (02-Feb-2022) ** ICRA AA- 1,180 11,747.82 0.90
INE128S07374 12.64% Five-Star Business Finance Ltd. (16-Apr-2022) ** ICRA A 1,150 11,490.73 0.88
INE124N07309 12.00% Ess Kay Fincorp Ltd. (01-Aug-2023) ** CRISIL A 1,000 9,775.66 0.75
INE657N07381 8.70% Edelweiss Rural & Corporate Services Ltd. (30-Jun-2027) ** ICRA AA- 1,000 9,609.95 0.74
INE852O07089 10.00% Aptus Value Housing Finance India Ltd. (20-Jul-2025) ** ICRA A 8,500 8,158.59 0.63
INE265J07365 12.40% Jm Financial Asset Reconstruction Co. Ltd. (02-Aug-2021) ** ICRA AA- 760 7,578.84 0.58
INE128S07390 12.64% Five-Star Business Finance Ltd. (28-May-2022) ** ICRA A 750 7,493.73 0.58
INE020B08BS3 8.80% REC Ltd. (14-May-2029) ** CRISIL AAA 700 7,209.03 0.55
INE295J08014 9.70% Coastal Gujarat Power Ltd. (25-Aug-2023) ** CARE AA(SO) 680 6,850.33 0.53
INE016P07146 10.50% Vistaar Financial Services Pvt. Ltd. (24-Aug-2025) ** ICRA A- 690 6,613.34 0.51
INE852O07055 10.00% Aptus Value Housing Finance India Ltd. (24-Jan-2025) ** ICRA A 6,000 5,785.67 0.45
INE128S07358 12.64% Five-Star Business Finance Ltd. (29-Mar-2022) ** ICRA A 500 4,995.97 0.38
INE252T07057 9.70% Xander Finance Pvt. Ltd. (30-Apr-2021) ** ICRA A+ 500 4,948.81 0.38
INE124N07200 10.9007% Ess Kay Fincorp. Ltd. (11-Jun-2021) ** BWR A 500 4,891.66 0.38
INE124N07168 10.9007% Ess Kay Fincorp. Ltd. (11-Jun-2021) ** BWR A 500 4,883.45 0.38
INE459T07082 10.40% Vastu Housing Finance Corp. Ltd. (27-Nov-2025) ** BWR A 500 4,693.27 0.36
INE459T07090 10.40% Vastu Housing Finance Corp. Ltd. (27-Nov-2025) ** BWR A 500 4,688.66 0.36
INE205A07030 9.45% Vedanta Ltd. (17-Aug-2020) ** CRISIL AA 450 4,498.92 0.35
INE146O08068 11.50% Hinduja Leyland Finance Ltd. (31-May-2021) ** ICRA AA- 370 3,696.06 0.28
INE657N07415 8.40% Edelweiss Rural & Corporate Services Ltd. (26-Oct-2020) ** CRISIL AA 300 2,989.13 0.23
INE134E08JY7 9.25% Power Finance Corp. Ltd. (25-Sep-2024) CRISIL AAA 270 2,805.78 0.22
INE434A08067 10.99% Andhra Bank (05-Aug-2021) CRISIL AA- 272 2,750.16 0.21
INE608A08025 10.90% Punjab & Sindh Bank Ltd. (07-May-2022) ** CARE A+ 272 2,724.67 0.21
INE020B08BU9 8.30% REC Ltd. (25-Jun-2029) ** CRISIL AAA 260 2,594.29 0.20
INE936D07075 9.75% Jamnagar Utilities & Power Pvt. Ltd. (02-Aug-2024) ** CRISIL AAA 250 2,571.65 0.20
INE852O07048 10.00% Aptus Value Housing Finance India Ltd. (26-Dec-2024) ** ICRA A 2,500 2,415.53 0.19
INE657N07407 8.45% Edelweiss Rural & Corporate Services Ltd. (11-Aug-2020) ** ICRA AA- 250 2,376.94 0.18
INE128S07333 10.21% Five Star Business Finance Ltd. (28-Mar-2023) ** CARE A 240 2,229.86 0.17
INE265J07316 11.50% JM Financial Asset Reconstruction Co. Ltd. (29-May-2022) ** ICRA AA- 200 1,933.46 0.15
INE852O07063 10.00% Aptus Value Housing Finance India Ltd. (26-Feb-2025) ** ICRA A 2,000 1,927.00 0.15
INE020B08BG8 8.56% REC Ltd. (29-Nov-2028) ** CRISIL AAA 150 1,538.15 0.12
INE128S07408 12.64% Five-Star Business Finance Ltd. (28-Jun-2022) ** ICRA A 150 1,498.61 0.11
INE205A07048 8.68% Vedanta Ltd. (20-Apr-2020) ** CRISIL AA 150 1,494.49 0.11
INE667A08070 11.25% Syndicate Bank (15-Jul-2021) CARE A+ 140 1,428.06 0.11
INE503A08028 9.85% DCB Bank Ltd. (18-Nov-2026) ** ICRA A+ 1,400 1,353.89 0.10
INE134E08HV7 8.36% Power Finance Corp. Ltd. (04-Sep-2020) ** CRISIL AAA 100 1,010.88 0.08
INE155A08225 9.73% Tata Motors Ltd. (01-Oct-2020) ** CARE AA- 100 1,005.45 0.08
INE146O08027 12.00% Hinduja Leyland Finance Ltd. (28-Mar-2021) ** IND AA- 100 1,003.64 0.08
INE134E08FQ1 8.94% Power Finance Corp. Ltd. (25-Mar-2028) CRISIL AAA 80 832.37 0.06
INE540P07194 9.75% Uttar Pradesh Power Corp. Ltd. (20-Oct-2020) ** CRISIL A+(SO) 76 756.67 0.06
INE110L07096 8.00% Reliance Jio Infocomm Ltd. (16-Apr-2023) ** CRISIL AAA 63 618.19 0.05
INE540P07350 10.15% Uttar Pradesh Power Corp. Ltd. (20-Jan-2028) CRISIL A+(SO) 62 590.44 0.05
INE028A08083 8.50% Bank of Baroda (02-Dec-2021) ** CARE AA 55 544.35 0.04
INE146O08084 11.30% Hinduja Leyland Finance Ltd. (21-Jul-2021) ** ICRA AA- 50 497.43 0.04
INE128S07317 10.21% Five Star Business Finance Ltd. (28-Mar-2023) ** CARE A 50 464.56 0.04
INE261F08477 8.15% National Bank for Agriculture and Rural Development (04-Mar-2020) ** CRISIL AAA 37 372.61 0.03
INE020B08823 8.87% REC Ltd. (08-Mar-2020) ** ICRA AAA 36 363.36 0.03
INE134E08IW3 7.50% Power Finance Corp. Ltd. (17-Sep-2020) ** CRISIL AAA 30 301.10 0.02
INE535H07AU7 9.30% Fullerton India Credit Co. Ltd. (15-Mar-2021) ** CRISIL AAA 28 277.88 0.02
INE774D07RY7 0.00% Mahindra & Mahindra Financial Services Ltd. (07-Apr-2021) ** IND AAA 18 203.46 0.02
INE110L07070 8.32% Reliance Jio Infocomm Ltd. (08-Jul-2021) ** CRISIL AAA 17 171.21 0.01
INE261F08AL1 8.39% National Bank for Agriculture and Rural Development (19-Jul-2021) ** CRISIL AAA 12 122.54 0.01
INE001A07QF2 7.78% Housing Development Finance Corp. Ltd. (24-Mar-2020) ** CRISIL AAA 1 100.55 0.01
INE705A08094 10.49% Bank of Baroda (17-Jan-2022) ** CARE AA 9 92.49 0.01
INE721A07NV9 9.10% Shriram Transport Finance Co. Ltd. (12-Jul-2021) ** CRISIL AA+ 4,000 38.63 0.00*
Total 845,458.02 65.04
INE660N07047 11.50% S D Corp. Pvt. Ltd. (03-Jun-2022) ** CARE AA(SO) 2,450 24,393.33 1.88
INE003S07189 9.45% Renew Power Ltd. (31-Jul-2025) ** CARE A+ 2,560 24,066.35 1.85
INE209W07010 9.60% Narmada Wind Energy Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 1,660 14,686.33 1.13
INE575P08016 10.25% Star Health & Allied Insurance Co. Ltd. (06-Sep-2024) ** IND A 1,480 14,145.91 1.09
INE498F07063 0.00% Essel Infraprojects Ltd., Series I, (22-May-2020) ** BWR BBB-(SO) 80 11,879.46 0.91
INE003S07155 11.96% Renew Power Ltd. (28-Sep-2022) ** CARE A+ 1,150 11,637.80 0.89
INE964Q07012 9.60% Renew Wind Energy (Rajasthan One) Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 1,280 11,336.91 0.87
INE082T07025 0.00% Diligent Media Corp Ltd., Series B, (30-Jun-2020) ** ICRA BBB-(SO) 75 10,803.08 0.83
INE720G08082 (SBI+100 Bps) Jindal Power Ltd. (22-Dec-2020) ** ICRA BBB+ 1,112 10,592.80 0.81
INE316W07039 11.84% Hero Solar Energy Private Ltd. (10-Dec-2021) ** ICRA A+ 1,000 10,035.43 0.77
INE971Z07109 12.25% Rivaaz Trade Ventures Pvt. Ltd. (30-Sep-2023) ** BWR AA- (SO) 1,000 9,964.74 0.77
INE428K07011 11.49% Reliance Infrastructure Consulting & Engineers Pvt. Ltd. (15-Jan-2021) **$$ BWR D 1,873 9,365.00 0.72
INE720G08074 (SBI+100 Bps) Jindal Power Ltd. (20-Dec-2019) ** ICRA BBB+ 870 8,647.77 0.67
INE003S07122 13.01% Renew Power Ltd., Series VI, (23-Mar-2020) ** CARE A+ 750 7,553.47 0.58
INE03VJ07017 11.25% Aadarshini Real Estate Developers Pvt. Ltd. (29-Jul-2020) ** ICRA A+ 15 7,520.46 0.58
INE507R07033 13.50% OPJ Trading Pvt. Ltd. (16-Oct-2020) ** BWR A-(SO) 700 6,990.80 0.54
INE660N07062 11.50% S D Corp. Pvt. Ltd. (03-Jun-2022) ** CARE AA(SO) 650 6,458.67 0.50
INE082T07033 0.00% Diligent Media Corp Ltd., Series C, (30-Jun-2020) ** ICRA BBB-(SO) 44 6,337.81 0.49
INE137K07018 4.00% HPCL-Mittal Energy Ltd. (03-Sep-2020) ** ICRA AA+ 300 5,157.47 0.40
INE311S08135 10.00% Ma Multi-Trade Pvt. Ltd. (27-Nov-2020) ** BWR A+ (SO) 500 4,914.01 0.38
INE082T07017 0.00% Diligent Media Corp Ltd., Series A, (30-Jun-2020) ** ICRA BBB-(SO) 34 4,897.40 0.38
INE498F07071 0.00% Essel Infraprojects Ltd., Series II, (22-May-2020) ** BWR BBB-(SO) 31 4,556.36 0.35
INE764L07181 0.00% Sadbhav Infrastructure Project Ltd. (06-Jun-2023) ** CARE A(SO) 400 4,530.36 0.35
INE333T07055 11.49% Reliance Big Pvt. Ltd., Series 2 (14-Jan-2021) **$$ BWR D 877 4,385.00 0.34
INE285T07099 11.90% Rivaaz Trade Ventures Pvt. Ltd. (07-Aug-2020) ** BWR A+ (SO) 394 3,958.13 0.30
INE971Z07083 12.25% Rivaaz Trade Ventures Pvt. Ltd. (30-Sep-2021) ** BWR AA- (SO) 375 3,754.71 0.29
INE423Y07013 9.40% Small Business Fincredit India Pvt. Ltd. (28-Sep-2020) ** ICRA A 310 3,046.96 0.23
INE080T07060 13.40% Future Ideas Co. Ltd. (31-Oct-2022) ** BWR A+ (SO) 300 2,983.81 0.23
INE00MX08011 11.70% Svantantra Microfin Pvt. Ltd. (30-Nov-2023) ** ICRA A- 300 2,947.98 0.23
INE445K07106 9.50% Reliance Broadcast Network Ltd. (20-Jul-2020) **$$ CARE C 468 2,092.08 0.16
INE946S07098 12.15% Nufuture Digital (India) Ltd. (02-Jun-2020) ** BWR A+ (SO) 200 1,996.57 0.15
INE080T07052 13.40% Future Ideas Co. Ltd. (31-Oct-2021) ** BWR A+ (SO) 200 1,994.70 0.15
INE321N07244 0.00% KKR India Financial Services Pvt. Ltd. (10-Mar-2021) ** CRISIL AA+ 15 1,850.01 0.14
INE157D08043 11.50% Clix Capital Services Pvt. Ltd. (12-Nov-2021) ** CARE AA- 100 1,006.04 0.08
INE125X07016 9.75% TRPL Roadways Pvt. Ltd. (25-Mar-2022) ** ICRA A+(SO) 100 1,002.75 0.08
INE080T07045 13.40% Future Ideas Co. Ltd. (31-Oct-2020) ** BWR A+ (SO) 100 999.72 0.08
INE321N07152 0.00% KKR India Financial Services Pvt. Ltd. (14-Apr-2020) ** CRISIL AA+ 5 719.00 0.05
INE316W07013 0.00% Hero Solar Energy Pvt. Ltd. (21-Jun-2022) ** ICRA A+ 50 651.49 0.05
INE333T07048 11.49% Reliance Big Pvt. Ltd., Series 1, (14-Jan-2021) **$$ BWR D 31 155.00 0.01
INE895D08634 8.01% Tata Sons Pvt. Ltd. (02-Sep-2021) ** CRISIL AAA 13 129.65 0.01
INE895D08766 7.90% Tata Sons Pvt. Ltd. (06-Mar-2020) ** CRISIL AAA 6 60.26 0.00*
Total 428,387.47 32.95
Totals 1,273,845.49 97.99
Net Assets 1,299,986.73 100.00

Note:
Retail Plan Quarterly Dividend Option(Rs) 1258.5677
Direct Retail Plan Growth Option(Rs) 4197.8923
Direct Retail Plan Monthly Dividend Option(Rs) 1292.3723
Direct Retail Plan Quarterly Dividend Option(Rs) 1337.1080
Direct Retail Plan Weekly Dividend Option(Rs) 1087.6255
Retail Plan Growth Option(Rs) 3999.1965
Retail Plan Monthly Dividend Option(Rs) 1218.4472
Retail Plan Weekly Dividend Option(Rs) 1085.4954
Direct Retail Plan Weekly Dividend Option(Rs) 1069.8999
Retail Plan Weekly Dividend Option(Rs) 1067.1012
Retail Plan Weekly Dividend Option 26.8719 24.8835
Retail Plan Monthly Dividend Option 35.6560 33.0176
Retail Plan Quarterly Dividend Option 36.0161 33.3511
Direct Retail Plan Weekly Dividend Option 29.4525 27.2731
Direct Retail Plan Monthly Dividend Option 35.6560 33.0176
Direct Retail Plan Quarterly Dividend Option 36.0161 33.3511

FRANKLIN INDIA SAVINGS FUND^
(a) Certificate of Deposits
INE090A162V7 ICICI Bank Ltd (17-Jul-2020) ** ICRA A1+ 20,000 19032.22 7.45
INE556F16630 Small Industries Development Bank of India (15-May-2020) ** CRISIL A1+ 12,500 12025.11 4.71
INE261F16454 National Bank for Agriculture and Rural Development (05-Aug-2020) CRISIL A1+ 12,500 11851.84 4.64
INE028A16BO0 Bank Of Baroda (01-Jun-2020) ** IND A1+ 10,000 9596.49 3.76
INE040A16CE4 HDFC Bank Ltd. (06-Mar-2020) ** CRISIL A1+ 8,000 7806.91 3.06
INE028A16BF8 Bank Of Baroda (17-Mar-2020) ** IND A1+ 7,500 7306.63 2.86
INE261F16389 National Bank for Agriculture and Rural Development (18-Mar-2020) IND A1+ 7,500 7299.91 2.86
INE480Q16416 Cooperatieve Rabobank (16-Mar-2020) ** CRISIL A1+ 7,500 7292.14 2.84
INE095A16A17 Indusind Bank Ltd. (20-Mar-2020) ** CRISIL A1+ 7,500 7290.79 2.85
INE238A160K7 Axis Bank Ltd. (07-Feb-2020) ** CRISIL A1+ 7,400 7250.60 2.84
INE562A16JS2 Indian Bank (01-Jun-2020) ** IND A1+ 5,000 4800.25 1.88
INE556F16648 Small Industries Development Bank of India (04-Jun-2020) ** CRISIL A1+ 5,000 4794.00 1.88
INE238A160Q4 Axis Bank Ltd. (07-Aug-2020) CRISIL A1+ 5,000 4741.44 1.86
INE090A166V8 ICICI Bank Ltd. (14-Sep-2020) ** ICRA A1+ 5,000 4711.67 1.84
INE556F16531 Small Industries Development Bank of India (28-Jan-2020) CRISIL A1+ 2,500 2453.60 0.96
INE238A162L1 Axis Bank Ltd. (04-Mar-2020) ** CRISIL A1+ 2,500 2439.60 0.96
INE261F16405 National Bank for Agriculture and Rural Development (15-May-2020) ** IND A1+ 2,500 2405.02 0.94
INE556F16663 Small Industries Development Bank of India (24-Jun-2020) ** CRISIL A1+ 2,500 2389.03 0.94
INE238A162K3 Axis Bank Ltd. (12-Feb-2020) ** CRISIL A1+ 2,000 1958.09 0.77
INE261F16371 National Bank for Agriculture and Rural Development (13-Mar-2020) IND A1+ 500 487.03 0.19
Total 127,932.37 50.09
(b) Commercial Papers

INE115A14BV5 LIC Housing Finance Ltd. (28-May-2020) ** CRISIL A1+ 3,200 15332.11 6.00
INE134E14AL1 Power Finance Corp. Ltd. (06-Mar-2020) ** CARE A1+ 2,090 10187.74 3.99
INE001A14VO0 Housing Development Finance Corp. Ltd. (10-Jul-2020) ** ICRA A1+ 2,000 9499.17 3.72
INE535H14HW4 Fullerton India Credit Co. Ltd. (15-Jul-2020) ** ICRA A1+ 2,000 9427.24 3.69
INE020B14607 REC Ltd. (04-Mar-2020) ** CRISIL A1+ 1,600 7800.91 3.06
INE020B14623 REC Ltd. (07-Feb-2020) ** CARE A1+ 1,500 7344.01 2.88
INE667F14EX4 Sundaram BNP Paribas Home Finance Ltd. (28-Feb-2020) ** ICRA A1+ 1,500 7313.65 2.86
INE790I14BE4 HSBC Investdirect Financial Services India Ltd. (27-Feb-2020) ** IND A1+ 1,500 7256.50 2.84
INE001A14VS1 Housing Development Finance Corp. Ltd. (13-Aug-2020) ** CRISIL A1+ 1,500 7081.77 2.77
INE477A14AC1 Can Fin Homes Ltd. (26-Dec-2019) ** ICRA A1+ 1,000 4933.80 1.93
INE027E14HK4 L&T Finance Ltd. (10-Jan-2020) ** CRISIL A1+ 1,000 4910.39 1.92
INE691I14IJ8 L&T Infrastructure Finance Co. Ltd. (20-Feb-2020) ** CARE A1+ 1,000 4878.44 1.91
INE121A14QU3 Cholamandalam Investment and Finance Co. Ltd. (04-Mar-2020) ** CRISIL A1+ 1,000 4868.72 1.91
INE115A14BT9 LIC Housing Finance Ltd. (24-Mar-2020) ** CRISIL A1+ 987 4794.44 1.88
INE020B14631 REC Ltd. (19-Jun-2020) ** CARE A1+ 1,000 4776.30 1.87
INE001A14VQ5 Housing Development Finance Corp. Ltd. (05-Aug-2020) CRISIL A1+ 1,000 4728.78 1.85
INE742O14BU9 Reliance Retail Ltd. (10-Dec-2019) ** CARE A1+ 600 2967.98 1.16
INE001A14VH4 Housing Development Finance Corp. Ltd. (20-May-2020) ** ICRA A1+ 500 2398.98 0.94
INE523H14P25 JM Financial Products Ltd. (07-Jan-2020) ** ICRA A1+ 480 2342.48 0.92
INE975F14RH6 Kotak Mahindra Investments Ltd. (21-Feb-2020) ** CRISIL A1+ 400 1951.45 0.76
INE523H14Q24 JM Financial Products Ltd. (13-Mar-2020) ** ICRA A1+ 400 1920.86 0.75
INE027E14HI8 L&T Finance Ltd. (05-Dec-2019) ** CRISIL A1+ 200 989.47 0.39
INE001A14UV7 Housing Development Finance Corp. Ltd. (02-Mar-2020) ** ICRA A1+ 95 463.13 0.18
Total 128,168.32 50.18
Totals 256,100.69 100.27
Call, Cash & Other Assets (681.42) (0.27)
Net Assets 255,419.27 100.00

** Non - Traded / Thinly Traded Scrips
Note:
Direct Retail Plan Daily Dividend Option(Rs) 10.0307
Retail Plan Daily Dividend Option(Rs) 10.0248
Institutional Plan Dividend Option(Rs)! 10.3908
Direct Retail Plan Daily Dividend Option(Rs) 10.0688
Retail Plan Daily Dividend Option(Rs) 10.0631
Institutional Plan Dividend Option(Rs)! 10.3726
Retail Plan Daily Dividend Option 0.2746 0.2543
Retail Plan Monthly Dividend Option 0.2809 0.2601
Retail Plan Quarterly Dividend Option 0.3169 0.2935
Direct Retail Plan Daily Dividend Option 0.2795 0.2588
Direct Retail Plan Monthly Dividend Option 0.2809 0.2601
Direct Retail Plan Quarterly Dividend Option 0.3169 0.2935
Institutional Plan Dividend Option 0.3045 0.2820
^ Effective June 4, 2018, Franklin India Savings Plus Fund was renamed as Franklin India Savings Fund.
FRANKLIN INDIA LIQUID FUND^
Debt Instruments
Listed/Awaiting listing on Stock Exchanges
INE572E09536 7.44% PNB Housing Finance Ltd. (31-Oct-2019) ** IND AA+ 3,500 34,963.67 3.47
INE572E09395 7.95% PNB Housing Finance Ltd. (18-Oct-2019) ** IND AA+ 1,900 18,996.65 1.88
INE155A08217 9.71% Tata Motors Ltd. (01-Oct-2019) ** CARE AA- 700 7,000.00 0.69
INE205A07105 7.50% Vedanta Ltd. (29-Nov-2019) ** CRISIL AA 350 3,497.31 0.35
INE752E07LT4 8.93% Power Grid Corp. of India Ltd. (20-Oct-2019) ** CRISIL AAA 20 200.29 0.02
Total 64,657.92 6.41

INE028A16BM4 Bank of Baroda (13-Nov-2019) ** CRISIL A1+ 65,000 64,589.14 6.41
INE261F16322 National Bank for Agriculture and Rural Development (10-Dec-2019) CRISIL A1+ 20,000 19,793.68 1.96
INE556F16481 Small Industries Development Bank of India (20-Nov-2019) ** CRISIL A1+ 7,500 7,444.83 0.74
INE238A165G4 Axis Bank Ltd. (14-Nov-2019) ** CRISIL A1+ 5,000 4,967.52 0.49
INE261F16314 National Bank for Agriculture and Rural Development (27-Nov-2019) ** CRISIL A1+ 5,000 4,958.00 0.49
INE238A169H4 Axis Bank Ltd. (10-Dec-2019) ** CRISIL A1+ 2,500 2,474.14 0.25
Total 104,227.30 10.34

INE110L14LM1 Reliance Jio Infocomm Ltd. (13-Dec-2019) ** CRISIL A1+ 10,000 49,443.75 4.90
INE607M14400 Tata Power Renewable Energy Ltd. (13-Dec-2019) ** CRISIL A1+ 9,000 44,434.80 4.41
INE742O14CT9 Reliance Retail Ltd. (05-Nov-2019) ** CARE A1+ 8,000 39,786.92 3.95
INE027E14IF2 L&T Finance Ltd. (04-Nov-2019) ** CARE A1+ 8,000 39,782.68 3.95
INE09OL14177 Birla Group Holdings Pvt. Ltd. (29-Nov-2019) ICRA A1+ 8,000 39,426.40 3.91
INE094A14EN3 Hindustan Petroleum Corp. Ltd. (25-Oct-2019) ** CRISIL A1+ 7,000 34,870.67 3.46
INE742O14CM4 Reliance Retail Ltd. (11-Oct-2019) ** CARE A1+ 6,000 29,955.03 2.97
INE245A14CH7 The Tata Power Co. Ltd. (15-Nov-2019) ** ICRA A1+ 6,000 29,784.27 2.95
INE476M14CI1 L&T Housing Finance Ltd. (27-Nov-2019) ** CARE A1+ 6,000 29,730.72 2.95
INE691I14IZ4 L&T Infrastructure Finance Co. Ltd. (02-Dec-2019) ** ICRA A1+ 6,000 29,700.57 2.95
INE476M14CN1 L&T Housing Finance Ltd. (19-Dec-2019) ** CARE A1+ 6,000 29,626.50 2.94
INE242A14NL3 Indian Oil Corp. Ltd. (01-Nov-2019) ** ICRA A1+ 5,500 27,373.88 2.72
INE242A14NU4 Indian Oil Corp. Ltd. (16-Dec-2019) ICRA A1+ 5,000 24,711.85 2.45
INE476M14CM3 L&T Housing Finance Ltd. (17-Dec-2019) ** CARE A1+ 5,000 24,696.52 2.45
INE438A14JB6 Apollo Tyres Ltd. (31-Oct-2019) ** CRISIL A1+ 4,000 19,906.66 1.97
INE742O14CP7 Reliance Retail Ltd. (04-Nov-2019) ** CARE A1+ 4,000 19,896.50 1.97
INE338I14BA0 Motilal Oswal Financial Services Ltd. (21-Nov-2019) ** CRISIL A1+ 4,000 19,778.50 1.96
INE857Q14550 Tata Cleantech Capital Ltd. (27-Dec-2019) ** ICRA A1+ 4,000 19,708.98 1.96
INE523H14S22 JM Financial Products Ltd. (24-Dec-2019) ** ICRA A1+ 4,000 19,598.58 1.94
INE306N14QX7 Tata Capital Financial Services Ltd. (11-Oct-2019) ** CRISIL A1+ 2,000 9,984.27 0.99
INE742O14CO0 Reliance Retail Ltd. (25-Oct-2019) ** CRISIL A1+ 2,000 9,962.56 0.99
INE582L14EV7 Tata Housing Development Co. Ltd. (04-Nov-2019) ** CARE A1+ 2,000 9,936.19 0.99
INE692Q14AG2 Toyota Financial Services India Ltd. (11-Nov-2019) ** ICRA A1+ 2,000 9,935.11 0.99
INE069P14224 Tata Value Homes Ltd. (28-Nov-2019) ** CARE A1+ 2,000 9,883.24 0.98
INE582L14FA8 Tata Housing Development Co. Ltd. (03-Dec-2019) ** CARE A1+ 2,000 9,881.64 0.98
INE582L14FB6 Tata Housing Development Co. Ltd. (05-Dec-2019) ** CARE A1+ 2,000 9,877.92 0.98
INE09OL14136 Birla Group Holdings Pvt. Ltd. (12-Dec-2019) ** ICRA A1+ 2,000 9,825.56 0.97
INE849D14GE8 Icici Securities Primary Dealership Ltd. (21-Oct-2019) ** CRISIL A1+ 1,500 7,476.36 0.74
INE901W14AV4 JM Financial Capital Ltd. (29-Nov-2019) ** ICRA A1+ 1,500 7,394.34 0.73
INE012I14LG7 JM Financial Services Ltd. (13-Dec-2019) ** ICRA A1+ 1,500 7,368.83 0.73
INE742O14BU9 Reliance Retail Ltd. (10-Dec-2019) ** CARE A1+ 1,400 6,925.30 0.69
INE674K14800 Aditya Birla Capital Ltd. (15-Oct-2019) ** ICRA A1+ 1,000 4,988.09 0.49
INE031A14408 Housing & Urban Development Corp. Ltd. (22-Nov-2019) ** ICRA A1+ 1,000 4,960.81 0.49
INE371K14993 Tata Realty & Infrastructure Ltd. (05-Dec-2019) ** ICRA A1+ 1,000 4,938.66 0.49
INE371K14AA9 Tata Realty & Infrastructure Ltd. (12-Dec-2019) ** CRISIL A1+ 1,000 4,932.14 0.49
INE012I14LJ1 JM Financial Services Ltd. (27-Dec-2019) ** ICRA A1+ 1,000 4,896.14 0.49
INE027E14HI8 L&T Finance Ltd. (05-Dec-2019) ** CRISIL A1+ 800 3,957.89 0.39
INE523H14S14 JM Financial Products Ltd. (09-Dec-2019) ** ICRA A1+ 700 3,442.09 0.34
INE901W14AW2 JM Financial Capital Ltd. (27-Dec-2019) ** ICRA A1+ 500 2,448.07 0.24
Total 715,228.99 70.94
Government Securities
IN002018Z315 364 DTB (31-Oct-2019) SOVEREIGN 2,500,000 2,489.26 0.25
Total 2,489.26 0.25
Totals 886,603.47 87.94
Net Assets 1,008,286.47 100.00

Note:
Direct Super Institutional Daily Dividend Reinvestment Option(Rs) 1,002.2629
Direct Super Institutional Growth Option(Rs) 2,798.5314
Direct Super Institutional Weekly Dividend Option(Rs) 1,023.4235
Institutional Plan Daily Dividend Reinvestment Option(Rs)! 1,001.0438
Institutional Plan Growth Option(Rs)! 2,834.7820
Institutional Plan Weekly Dividend Option(Rs)! 1,056.7141
Regular Plan Daily Dividend Reinvestment Option(Rs)! 1,512.8693
Regular Plan Growth Option(Rs)! 4,372.0943
Regular Plan Weekly Dividend Option(Rs)! 1,246.6253
Super Institutional Plan Daily Dividend Reinvestment Option(Rs) 1,001.1226
Super Institutional Plan Growth Option(Rs) 2,788.1633
Super Institutional Plan Weekly Dividend Option(Rs) 1,023.1483
Unclaimed Dividend Plan - Growth Option(Rs) 11.8346
Unclaimed Redemption Plan - Growth Option(Rs) 11.8346
Unclaimed Redemption Investor Education Plan - Growth NA****
Unclaimed Dividend Investor Education Plan - Growth NA****
Direct Super Institutional Daily Dividend Reinvestment Option(Rs) 1001.8422
Direct Super Institutional Growth Option(Rs) 2895.3891
Direct Super Institutional Weekly Dividend Option(Rs) 1021.6767
Institutional Plan Weekly Dividend Option(Rs)! 1054.9919
Regular Plan Daily Dividend Reinvestment Option(Rs)! 1512.2956
Regular Plan Growth Option(Rs)! 4506.6024
Regular Plan Weekly Dividend Option(Rs)! 1244.6490
Unclaimed Dividend Plan - Growth Option(Rs) 12.2237
Unclaimed Redemption Plan - Growth Option(Rs) 12.2237
Unclaimed Redemption Investor Education Plan - Growth 10.0000
Unclaimed Dividend Investor Education Plan - Growth 10.0000
Individuals/HUF Others
Direct Super Institutional Plan Daily Divdend Reinvestment Option 24.8425 23.0042
Direct Super Institutional Plan Weekly Dividend Option 26.2898 24.3445
Institutional Plan Daily Dividend Reinvestment Option! 23.0269 21.3230
Institutional Plan Weekly Dividend Option! 25.2976 23.4257
Regular Plan Daily Divdend Reinvestment Option! 33.4244 30.9512
Regular Plan Weekly Dividend Option! 28.5991 26.4829
Super Institutional Plan Daily Dividend Reinvestment Option 24.6182 22.7965
Super Institutional Plan Weekly Dividend Option 26.0786 24.1489
****Plan was launched on Sepetmber 06, 2019
^ Effective June 4, 2018, Franklin India Treasury Management Account was renamed as Franklin India Liquid Fund
FRANKLIN INDIA LOW DURATION FUND
ISIN Number Name of the Instrument Rating Quantity Market Value % to Net Assets
(Rs. in Lakhs)
Debt Instruments
INE003S07213 9.60% Renew Power Ltd. (26-Feb-2021) ** CARE A+ 2,170 21,693.94 3.66
INE516Y07071 9.50% Piramal Capital & Housing Finance Ltd. (06-May-2022) ** CARE AA 2,500 19,965.30 3.36
INE124N07309 12.00% Ess Kay Fincorp Ltd. (01-Aug-2023) ** CRISIL A 2,000 19,551.32 3.29
INE657N07415 8.40% Edelweiss Rural & Corporate Services Ltd. (26-Oct-2020) ** CRISIL AA 1,500 14,945.63 2.52
INE265J07324 11.50% JM Financial Asset Reconstruction Co. Ltd. (29-Mar-2022) ** ICRA AA- 1,500 14,520.87 2.45
INE615S07065 12.30% Sterlite Power Grid Ventures Ltd. (28-Mar-2022) ** IND A+ 1,450 14,475.55 2.44
INE265J07316 11.50% JM Financial Asset Reconstruction Co. Ltd. (29-May-2022) ** ICRA AA- 1,300 12,567.48 2.12
INE721A07OI4 (3M INCDFIX Rate + 222 Bps) Shriram Transport Finance Co. Ltd. (11-Mar-2021) ** CRISIL AA+ 1,000 9,981.46 1.68
INE657N07597 (1Y SBI MCLR + 160 Bps) Edelweiss Rural & Corporate Services Ltd. (29-Nov-2021) ** ICRA AA- 2,000 9,962.12 1.68
INE694L07123 9.23% Talwandi Sabo Power Ltd. (30-Jul-2021) ** CRISIL AA(SO) 1,000 9,851.17 1.66
INE658R07257 (SBI MCLR + 200 Bps) Motilal Oswal Home Finance Ltd. (24-Aug-2023) ** CRISIL AA- 915 9,072.11 1.53
INE245A08042 10.75% The Tata Power Co. Ltd. (21-Aug-2022) ** CRISIL AA- 780 7,998.34 1.35
INE764L07173 0.00% Sadbhav Infrastructure Project Ltd. (23-Apr-2023) ** CARE A(SO) 600 6,878.11 1.16
INE651J07739 (1Y SBI MCLR + 160 Bps) JM Financial Credit Solutions Ltd. (23-Jul-2024) ** ICRA AA 500 5,000.40 0.84
INE721A07MS7 7.80% Shriram Transport Finance Co. Ltd. (17-Jul-2020) ** CRISIL AA+ 500 4,909.79 0.83
INE721A08DE4 10.25% Shriram Transport Finance Co. Ltd. (27-Dec-2024) ** CRISIL AA+ 500 4,709.04 0.79
INE945W07019 10.75% Incred Financial Services Pvt. Ltd. (22-Jun-2020) ** CARE A 430 4,305.91 0.73
INE219X07033 9.10% India Grid Trust (03-Jun-2022) ** CRISIL AAA 400 4,013.11 0.68
INE140A07435 9.10% Piramal Enterprises Ltd. (29-May-2020) ** ICRA AA 350 3,495.45 0.59
INE252T07040 9.70% Xander Finance Pvt. Ltd. (15-Mar-2021) ** ICRA A+ 400 2,963.89 0.50
INE945W07035 10.25% Incred Financial Services Pvt. Ltd. (26-Apr-2021) ** CARE A 300 2,934.22 0.49
INE721A07NQ9 0.00% Shriram Transport Finance Co. Ltd. (31-May-2021) ** CRISIL AA+ 250 2,718.07 0.46
INE265J07365 12.40% JM Financial Asset Reconstruction Co. Ltd. (02-Aug-2021) ** ICRA AA- 240 2,393.32 0.40
INE721A08DF1 9.90% Shriram Transport Finance Co. Ltd. (21-Jun-2024) ** CRISIL AA+ 250 2,313.97 0.39
INE616U07036 8.70% Edelweiss Rural & Corporate Services Ltd. (30-Jun-2027) ** ICRA AA- 200 1,920.19 0.32
INE128S07333 10.21% Five Star Business Finance Ltd. (28-Mar-2023) ** CARE A 150 1,393.66 0.24
INE516Y07089 9.50% Piramal Capital & Housing Finance Ltd. (21-Apr-2022) ** CARE AA 150 1,135.17 0.19
INE134E08GN6 8.96% Power Finance Corp. Ltd. (21-Oct-2019) ** CRISIL AAA 100 1,001.54 0.17
INE721A08DA2 9.00% Shriram Transport Finance Co. Ltd. (28-Mar-2028) ** CRISIL AA+ 115 931.84 0.16
INE002A08526 7.07% Reliance Industries Ltd. (24-Dec-2020) ** CRISIL AAA 73 729.35 0.12
INE134E08KC1 8.85% Power Finance Corp. Ltd. (25-May-2029) ** CRISIL AAA 70 726.98 0.12
INE540P07327 10.15% Uttar Pradesh Power Corp. Ltd. (20-Jan-2025) CRISIL A+(SO) 62 600.67 0.10
INE941D08065 10.25% Sikka Ports & Terminals Ltd. (22-Aug-2021) ** CRISIL AAA 42 430.53 0.07
INE020B08BS3 8.80% REC Ltd. (14-May-2029) ** CRISIL AAA 20 205.97 0.04
Total 283,558.24 47.78

INE476S08045 10.75% Greenko Clean Energy Projects Pvt. Ltd. (04-Dec-2020) ** CARE A+(SO) 30,000 29,992.89 5.05
INE423Y07013 9.40% Small Business Fincredit India Pvt. Ltd. (28-Sep-2020) ** ICRA A 2,500 24,572.22 4.14
INE713G08046 8.25% Vodafone Idea Ltd. (10-Jul-2020) ** CRISIL A 1,970 18,336.54 3.09
INE139S07017 11.35% Renew Solar Power Pvt. Ltd. (01-Nov-2022) ** CARE A+(SO) 1,498 15,236.76 2.57
INE896L07660 (SBI MCLR+225 Bps) Indostar Capital Finance Ltd. (02-Nov-2021) ** CARE AA- 850 8,509.45 1.43
INE157D08027 9.00% Clix Capital Services Pvt. Ltd. (27-Jun-2023) ** CARE AA- 650 6,496.66 1.09
INE660N07047 11.50% S D Corporation Pvt. Ltd. (03-Jun-2022) ** CARE AA(SO) 600 5,973.88 1.01
INE918T07053 11.84% Hero Wind Energy Pvt. Ltd. (10-Dec-2021) ** ICRA A+ 500 5,017.72 0.85
INE918T07020 0.00% Hero Wind Energy Pvt. Ltd. (08-Feb-2022) ** ICRA A+ 310 4,285.01 0.72
INE918T07046 11.84% Hero Wind Energy Pvt. Ltd. (10-Jun-2022) ** ICRA A+ 240 2,404.54 0.41
INE082T07017 0.00% Diligent Media Corp Ltd., Series A, (30-Jun-2020) ** ICRA BBB-(SO) 16 2,304.66 0.39
INE964Q07012 9.60% Renew Wind Energy (Rajasthan One) Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 180 1,594.25 0.27
INE357U08019 0.00% Yes Capital India Pvt. Ltd. (12-Oct-2020) ** CARE A 104 1,253.24 0.21
INE840S07085 11.90% Rivaaz Trade Ventures Pvt. Ltd. (30-Nov-2019) ** CARE A+(SO) 320 1,067.57 0.18
INE081T08090 10.90% Aasan Corporate Solutions Pvt. Ltd. (13-Dec-2019) ** ICRA A+(SO) 50 500.36 0.08
INE209W07010 9.60% Narmada Wind Energy Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 40 353.89 0.06
Total 195,257.46 32.90
INE095A16ZK6 Indusind Bank Ltd. (27-Dec-2019) ** CRISIL A1+ 10,000 9,864.34 1.66
INE238A166Q1 Axis Bank Ltd. (20-Aug-2020) ** CRISIL A1+ 7,500 7,096.82 1.19
INE040A16CE4 HDFC Bank Ltd. (06-Mar-2020) ** CRISIL A1+ 2,000 1,951.73 0.33
INE261F16371 National Bank for Agriculture and Rural Development (13-Mar-2020) IND A1+ 2,000 1,948.14 0.33
Total 20,861.03 3.51

INE725H14905 Tata Projects Ltd. (22-Jun-2020) ** IND A1+ 4,000 18,853.62 3.18
INE001A14UT1 Housing Development Finance Corp. Ltd. (13-Feb-2020) ** CRISIL A1+ 3,500 17,112.95 2.88
INE001A14UX3 Housing Development Finance Corp. Ltd. (28-Feb-2020) ** CRISIL A1+ 2,000 9,754.86 1.64
INE001A14VS1 Housing Development Finance Corp. Ltd. (13-Aug-2020) ** CRISIL A1+ 2,000 9,442.36 1.59
INE001A14UH6 Housing Development Finance Corp. Ltd. (14-Nov-2019) ICRA A1+ 1,500 7,450.15 1.25
INE476M14BW4 L&T Housing Finance Ltd. (14-Jan-2020) ** CARE A1+ 1,500 7,366.19 1.24
INE115A14BV5 LIC Housing Finance Ltd. (28-May-2020) ** CRISIL A1+ 1,000 4,791.29 0.81
INE523H14P25 JM Financial Products Ltd. (07-Jan-2020) ** ICRA A1+ 520 2,537.69 0.43
INE001A14UV7 Housing Development Finance Corp. Ltd. (02-Mar-2020) ** ICRA A1+ 500 2,437.52 0.41
INE020B14607 REC Ltd. (04-Mar-2020) ** CRISIL A1+ 400 1,950.23 0.33
INE134E14AL1 Power Finance Corp. Ltd. (06-Mar-2020) ** CARE A1+ 400 1,949.81 0.33
INE523H14Q24 JM Financial Products Ltd. (13-Mar-2020) ** ICRA A1+ 100 480.21 0.08
Total 108,245.61 18.24
Totals 607,922.34 102.43
Call, Cash & Other Assets (14,426.58) -2.43
Net Assets 593,495.76 100.00

Note:
Direct Monthly Dividend Plan(Rs) 10.9451
Direct Quarterly Dividend Plan(Rs) 10.6679
Monthly Dividend Plan(Rs) 10.6671
Quarterly Dividend Plan(Rs) 10.3891
Monthly Dividend Plan 0.3169 0.2935
Quarterly Dividend Plan 0.2881 0.2668
Direct Monthly Dividend Plan 0.3169 0.2935
Direct Quarterly Dividend Plan 0.2881 0.2668

FRANKLIN INDIA GOVERNMENT SECURITIES FUND^
IN0020180488 7.32% GOI (28-Jan-2024)^^ SOVEREIGN 8,500,000 8,798.78 37.50
IN0020190016 7.27% GOI (08-Apr-2026) SOVEREIGN 5,600,000 5,808.32 24.75
IN0020180454 7.26% GOI (14-Jan-2029) SOVEREIGN 4,000,000 4,152.00 17.69
Total 18,759.10 79.94
Net Assets 23,465.26 100.00

^^23.53% of the Investment in this security is placed with Clearing Corporation of India Limited (CCIL) as collateral
Note:
Direct Quarterly Dividend Option(Rs) 11.5907
Quarterly Dividend Option(Rs) 10.7294
Direct Quarterly Dividend Option(Rs) 11.7563
Quarterly Dividend Option(Rs) 10.8222
Direct Quarterly Dividend Option 0.3169 0.2935
Quarterly Dividend Option 0.3169 0.2935
^ Effective June 4, 2018, Franklin India Government Securities Fund – Long Term Plan was renamed as Franklin India Government Securities Fund.
FRANKLIN INDIA FLOATING RATE FUND^
Debt Instruments
INE756I07CA5 (91DTB+205 Bps) HDB Financial Services Ltd. (12-Jul-2021) ** CRISIL AAA 200 1,974.90 7.58
INE896L07561 (1Y SBI MCLR + 200 Bps) Indostar Capital Finance Ltd. (02-May-2023) ** CARE AA- 100 1,000.34 3.84
INE651J07739 (1Y SBI MCLR + 160 Bps) JM Financial Credit Solutions Ltd. (23-Jul-2024) ** ICRA AA 100 1,000.08 3.84
INE081A08207 9.15% Tata Steel Ltd. (24-Jan-2021) ** BWR AA 100 997.98 3.83
INE205A07048 8.68% Vedanta Ltd. (20-Apr-2020) ** CRISIL AA 100 996.33 3.82
INE572E09478 7.50% PNB Housing Finance Ltd. (15-Sep-2020) ** CARE AA+ 100 978.93 3.76
INE658R07257 (SBI MCLR + 200 Bps) Motilal Oswal Home Finance Ltd. (24-Aug-2023) ** CRISIL AA- 85 842.76 3.23
INE721A07OI4 ( 3M INCDFIX Rate + 222 Bps) Shriram Transport Finance Co. Ltd. (11-Mar-2021) ** CRISIL AA+ 75 748.61 2.87
INE850M08077 (6M SBI MCLR + 305 Bps) Northern Arc Capital Ltd. Series C, (16-Jul-2021) ** ICRA A+ 60 601.52 2.31
Total 11,143.05 42.76
IN0020092071 GOI FRB (21-Dec-2020) SOVEREIGN 10,500,000 10,464.85 40.15
Total 10,464.85 40.15

Certificate of Deposits
INE480Q16283 (MIBOR+160) Cooperatieve Rabobank (28-Nov-2019) ** ICRA A1+ 2,100 2,101.11 8.06
INE238A162K3 Axis Bank Ltd. (12-Feb-2020) ** CRISIL A1+ 500 489.52 1.88
Total 2,590.63 9.94
Totals 24,198.53 92.85
Net Assets 26,061.65 100.00

MIBOR - Mumbai Interbank Offered Rate
Note:

FRANKLIN INDIA CREDIT RISK FUND^
Debt Instruments
INE721A08DC8 10.25% Shriram Transport Finance Co. Ltd. (26-Apr-2024) ** CRISIL AA+ 3,930 37,233.25 5.52
INE219X07033 9.10% India Grid Trust (03-Jun-2022) ** CRISIL AAA 1,900 19,062.28 2.83
INE134E08KC1 8.85% Power Finance Corp. Ltd. (25-May-2029) ** CRISIL AAA 1,500 15,578.16 2.31
INE528G08352 9.50% Yes Bank Ltd. (23-12-2021) ** CARE A- 1,695 14,731.35 2.18
INE295J08022 9.90% Coastal Gujarat Power Ltd. (25-Aug-2028) ** CARE AA(SO) 1,150 11,493.56 1.70
INE245A08042 10.75% The Tata Power Co. Ltd. (21-Aug-2022) ** CRISIL AA- 1,060 10,869.54 1.61
INE020B08BP9 8.97% REC Ltd. (28-Mar-2029) ** CARE AAA 1,050 10,816.89 1.60
INE020B08BU9 8.30% REC Ltd. (25-Jun-2029) ** CRISIL AAA 1,000 9,978.04 1.48
INE764L07173 0.00% Sadbhav Infrastructure Project Ltd. (23-Apr-2023) ** CARE A(SO) 850 9,743.98 1.45
INE615S07065 12.30% Sterlite Power Grid Ventures Ltd. (28-Mar-2022) ** IND A+ 750 7,487.37 1.11
INE922K07039 0.00% India Shelter Finance Corp. Ltd. (02-May-2025) ** ICRA A 600 6,543.11 0.97
INE016P07120 10.50% Vistaar Financial Services Pvt. Ltd. (22-Jun-2023) ** ICRA A- 650 6,401.70 0.95
INE016P07138 10.5% Vistaar Financial Services Pvt. Ltd. (23-Jul-2024) ** ICRA A- 650 6,331.07 0.94
INE265J07357 12.40% JM Financial Asset Reconstruction Co. Ltd. (02-Feb-2022) ** ICRA AA- 620 6,172.58 0.92
INE128S07341 10.21% Five-Star Business Finance Ltd. (28-Mar-2023) ** CARE A 650 6,039.22 0.90
INE657N07605 (1Y SBI MCLR+160 Bps) Edelweiss Rural & Corporate Services Ltd. (29-Nov-2021) - Series II ** CRISIL AA 550 5,469.69 0.81
INE852O07048 10.00% Aptus Value Housing Finance India Ltd. (26-Dec-2024) ** ICRA A 5,500 5,314.16 0.79
INE657N07381 8.70% Edelweiss Rural & Corporate Services Ltd. (30-Jun-2027) ** ICRA AA- 550 5,285.47 0.78
INE146O08100 9.40% Hinduja Leyland Finance Ltd. (28-Aug-2024) ** CARE AA- 550 4,992.02 0.74
INE852O07071 10.00% Aptus Value Housing Finance India Ltd. (20-Jun-2025) ** ICRA A 5,000 4,802.66 0.71
INE945W07035 10.25% Incred Financial Services Pvt. Ltd. (26-Apr-2021) ** CARE A 450 4,401.32 0.65
INE01HV07015 11.00% Vivriti Capital Pvt Ltd. (19-Mar-2021) ** ICRA A- 400 3,957.71 0.59
INE616U07036 8.70% Edelweiss Rural & Corporate Services Ltd. (30-Jun-2027) ** ICRA AA- 380 3,648.35 0.54
INE205A07139 8.50% Vedanta Ltd. (05-Apr-2021) ** CRISIL AA 300 2,956.21 0.44
INE124N07168 10.9007% Ess Kay Fincorp Ltd. (11-Jun-2021) ** BWR A 250 2,441.72 0.36
INE852O07055 10.00% Aptus Value Housing Finance India Ltd. (24-Jan-2025) ** ICRA A 2,000 1,928.56 0.29
INE128S07390 12.64% Five-Star Business Finance Ltd. (28-May-2022) ** ICRA A 190 1,898.41 0.28
INE434A08067 10.99% Andhra Bank (05-Aug-2021) CRISIL AA- 179 1,809.85 0.27
INE667A08070 11.25% Syndicate Bank (15-Jul-2021) CARE A+ 110 1,122.05 0.17
INE134E08JZ4 8.98% Power Finance Corp. Ltd. (28-Mar-2029) ** CRISIL AAA 100 1,031.26 0.15
INE081A08165 11.80% Tata Steel Ltd. (18-Mar-2021) ** CARE AA- 100 1,030.77 0.15
INE128S07374 12.64% Five-Star Business Finance Ltd. (16-Apr-2022) ** ICRA A 100 999.19 0.15
INE146O08068 11.50% Hinduja Leyland Finance Ltd. (31-May-2021) ** ICRA AA- 90 899.04 0.13
INE641O08035 9.55% Piramal Capital & Housing Finance Ltd. (08-Mar-2027) ** CARE AA 95 784.51 0.12
INE027E07709 8.9492% L&T Finance Ltd. (16-Aug-2021) ** CARE AAA 74 739.38 0.11
INE155A08225 9.73% Tata Motors Ltd. (01-Oct-2020) ** CARE AA- 50 502.73 0.07
INE503A08044 9.85% DCB Bank Ltd. (12-Jan-2028) ** CRISIL AA- 400 385.08 0.06
INE001A07OO9 8.75% Housing Development Finance Corp. Ltd. (04-Mar-2021) ** CRISIL AAA 3 305.50 0.05
INE053F07AK6 7.65% Indian Railway Finance Corp. Ltd. (15-Mar-2021) ** CRISIL AAA 1 10.12 0.00*
Total 484,661.66 71.88
(b) Privately Placed / Unlisted
INE660N07054 11.50% S D Corporation Pvt. Ltd. (03-Jun-2022) ** CARE AA(SO) 1,250 12,443.27 1.84
INE458O07036 9.41% Renew Wind Energy Delhi Pvt. Ltd. (30-Sep-2030) ** CARE A+(SO) 1,000 7,708.29 1.14
INE507R07033 13.50% Opj Trading Pvt. Ltd. (16-Oct-2020) ** BWR A-(SO) 580 5,792.38 0.86
INE660N07062 11.50% S D Corporation Pvt. Ltd. (03-Jun-2022) ** CARE AA(SO) 550 5,465.03 0.81
INE285T07081 11.90% Rivaaz Trade Ventures Pvt. Ltd. (29-Feb-2020) ** BWR A+ (SO) 644 5,390.43 0.80
INE840S07093 11.90% Rivaaz Trade Ventures Pvt. Ltd. (11-May-2020) ** CARE A+(SO) 422 4,243.12 0.63
INE080T07037 12.75% Future Ideas Co. Ltd. (30-Jun-2020) ** BWR A+ (SO) 370 3,697.35 0.55
INE946S07098 12.15% Nufuture Digital (India) Ltd. (02-Jun-2020) ** BWR A+ (SO) 320 3,194.51 0.47
INE946S07080 12.15% Nufuture Digital (India) Ltd. (30-Nov-2019) ** BWR A+ (SO) 750 2,502.94 0.37
INE082T07033 0.00% Diligent Media Corp. Ltd., Series C, (30-Jun-2020) ** ICRA BBB-(SO) 15 2,160.62 0.32
INE918T07046 11.84% Hero Wind Energy Pvt. Ltd. (10-Jun-2022) ** ICRA A+ 200 2,003.78 0.30
INE311S08168 9.80% Ma Multi-Trade Pvt. Ltd., Series B, (26-Jul-2017) ** BWR A+ (SO) 200 1,996.41 0.30
INE003S07189 9.45% Renew Power Ltd. (31-Jul-2025) ** CARE A+ 200 1,880.18 0.28
INE840S07085 11.90% Rivaaz Trade Ventures Pvt. Ltd. (30-Nov-2019) ** CARE A+(SO) 323 1,077.58 0.16
INE575P08024 10.20% Star Health & Allied Insurance Co. Ltd. (31-Oct-2024) ** IND A 110 1,048.42 0.16
INE003S07122 13.01% Renew Power Ltd., Series VI, (23-Mar-2020) ** CARE A+ 90 906.42 0.13
INE575P08016 10.25% Star Health & Allied Insurance Co. Ltd. (06-Sep-2024) ** IND A 50 477.90 0.07
Total 175,887.25 26.09
Totals 660,548.91 97.97
Net Assets 674,274.75 100.00

Note:
a) NAV at the beginning and at the end of the Half-year ended Septenber 30, 2019
^ Effective June 4, 2018, Franklin India Corporate Bond Opportunities Fund was renamed as Franklin India Credit Risk Fund
FRANKLIN INDIA CORPORATE DEBT FUND^
Debt Instruments
INE020B08BP9 8.97% REC Ltd. (28-Mar-2029) ** CARE AAA 660 6799.19 6.45
INE01XX07026 8.9508% Pipeline Infrastructure Pvt. Ltd.(22-Mar-2024) ** CRISIL AAA 670 6705.36 6.36
INE134E08JY7 9.25% Power Finance Corp. Ltd. (25-Sep-2024) CRISIL AAA 610 6338.98 6.01
INE047A08141 7.85% Grasim Industries Ltd. (15-Apr-2024) ** CRISIL AAA 500 5085.70 4.82
INE721A08DC8 10.25% Shriram Transport Finance Co. Ltd. (26-Apr-2024) ** CRISIL AA+ 500 4737.06 4.49
INE163N08065 8.60% ONGC Petro additions Ltd. (11-Mar-2022) ** CARE AAA(SO) 447 4487.49 4.26
INE062A08140 8.39% State Bank of India (25-Oct-2021) ** CRISIL AA+ 450 4483.45 4.25
INE219X07033 9.10% India Grid Trust (03-Jun-2022) ** CRISIL AAA 400 4013.11 3.81
INE295J08022 9.90% Coastal Gujarat Power Ltd. (25-Aug-2028) ** CARE AA(SO) 310 3098.26 2.94
INE110L08037 9.25% Reliance Jio Infocomm Ltd. (17-Jun-2024) ** CRISIL AAA 300 3028.27 2.87
INE438A07144 7.80% Apollo Tyres Ltd. (29-Apr-2022) ** CRISIL AA+ 300 2914.61 2.76
INE163N08073 8.85% ONGC Petro Additions Ltd. (19-Apr-2022) ** ICRA AAA 238 2400.52 2.28
INE906B07FE6 7.17% National Highways Authority of India (23-Dec-2021) ** CRISIL AAA 210 2111.97 2.00
INE752E07MQ8 8.40% Power Grid Corp of India Ltd. (27-May-2024) ** CRISIL AAA 190 1995.34 1.89
INE115A07NM3 0.00% LIC Housing Finance Ltd. (25-Feb-2022) ** CRISIL AAA 166 1853.26 1.76
INE110L07096 8.00% Reliance Jio Infocomm Ltd. (16-Apr-2023) ** CRISIL AAA 187 1834.95 1.74
INE941D07125 10.40% Sikka Ports & Terminals Ltd. (18-Jul-2021) ** CARE AAA 173 1777.08 1.69
INE733E07JO9 9.17% NTPC Ltd. (21-Sep-2024) CRISIL AAA 130 1410.54 1.34
INE556F08JL5 7.89% Small Industries Development Bank of India (15-Nov-2022) ** CARE AAA 120 1212.92 1.15
INE020B08930 8.30% REC Ltd. (10-Apr-2025) ** CRISIL AAA 100 1004.06 0.95
INE295J08055 9.15% Coastal Gujarat Power Ltd. (14-Jun-2022) ** CARE AA(SO) 100 993.81 0.94
INE261F08AI7 8.60% National Bank for Agriculture and Rural Development (31-Jan-2022) ** CRISIL AAA 76 783.66 0.74
INE752E07KN9 8.80% Power Grid Corp of India Ltd. (13-Mar-2023) ** ICRA AAA 70 737.99 0.70
INE134E08JW1 8.18% Power Finance Corp. Ltd. (19-Mar-2022) ** ICRA AAA 59 600.59 0.57
INE667A08104 9.80% Syndicate Bank (25-Jul-2022) ** CARE A+ 60 597.04 0.57
INE031A08731 7.34% Housing and Urban Development Corp. Ltd. (16-Sep-2022) ** ICRA AAA 50 502.49 0.48
INE535H07AG6 0.00% Fullerton India Credit Co. Ltd. (08-Apr-2021) ** CARE AAA 44 488.50 0.46
INE020B08BQ7 8.85% REC Ltd. (16-Apr-2029) ** CRISIL AAA 45 464.79 0.44
INE916DA7MX1 7.8526% Kotak Mahindra Prime Ltd. (07-Apr-2020) ** CRISIL AAA 42 421.53 0.40
INE115A07NW2 0.00% LIC Housing Finance Ltd. (04-May-2022) ** CRISIL AAA 31 335.83 0.32
INE134E08IH4 7.50% Power Finance Corp. Ltd. (16-Aug-2021) ** CRISIL AAA 33 330.69 0.31
INE752E07MZ9 8.40% Power Grid Corp. of India Ltd. (14-Sep-2021) ** CARE AAA 19 195.43 0.19
INE053F07AK6 7.65% Indian Railway Finance Corp. Ltd. (15-Mar-2021) ** CRISIL AAA 18 182.19 0.17
INE756I07CD9 0.00% HDB Financial Services Ltd. (29-Oct-2021) ** CRISIL AAA 15 169.55 0.16
INE514E08FL5 8.60% Export-Import Bank of India (31-Mar-2022) ** ICRA AA+ 15 149.51 0.14
INE134E08GT3 8.55% Power Finance Corp. Ltd. (09-Dec-2021) ** CRISIL AAA 11 112.51 0.11
INE861G08035 9.95% Food Corporation of India (07-Mar-2022) CRISIL AAA(SO) 10 106.31 0.10
INE020B08AS5 7.70% REC Ltd. (15-Mar-2021) ** CRISIL AAA 10 100.38 0.09
INE261F08BN5 7.18% National Bank for Agriculture and Rural Development (08-Aug-2022) CRISIL AAA 10 100.16 0.09
INE848E07815 8.50% NHPC Ltd. (14-Jul-2021) ** CARE AAA 70 71.89 0.07
INE481G08057 8.36% Ultratech Cement Ltd. (07-Jun-2021) ** CRISIL AAA 5 50.89 0.05
INE296A07ON7 7.8535% Bajaj Finance Ltd. (07-Apr-2020) ** CRISIL AAA 5 50.18 0.05
INE667A08088 9.95% Syndicate Bank (24-Oct-2021) ** IND A+ 5 50.02 0.05
INE053F09HR2 9.57% Indian Railway Finance Corp. Ltd. (31-May-2021) ** CRISIL AAA 4 41.80 0.04
INE860H07GE0 0.00% Aditya Birla Finance Ltd. (08-Apr-2022) ** ICRA AAA 3 33.57 0.03
INE029A07075 7.35% Bharat Petroleum Corp. Ltd. (10-Mar-2022) ** CRISIL AAA 3 30.43 0.03
INE053F07942 6.70% Indian Railway Finance Corp. Ltd. (24-Nov-2021) ** CRISIL AAA 2 19.93 0.02
INE752E07MN5 8.40% Power Grid Corp. of India Ltd. (27-May-2021) ** CRISIL AAA 1 10.24 0.01
INE556F08JD2 7.65% Small Industries Development Bank of India (15-Apr-2021) ** CARE AAA 1 10.09 0.01
INE020B08AO4 7.18% REC Ltd. (21-May-2021) ** CRISIL AAA 1 9.96 0.01
Total 96634.99 91.64

INE720G08082 (SBI+100 Bps) Jindal Power Ltd. (22-Dec-2020) ** ICRA BBB+ 250 2381.48 2.26
INE445K07106 9.50% Reliance Broadcast Network Ltd. (20-Jul-2020) **$$ CARE C 200 894.05 0.85
INE801J08019 7.48% Bennett Coleman and Co. Ltd. (26-Apr-2021) ** CRISIL AAA 49 487.52 0.46
Total 3763.05 3.57
Totals 100398.04 95.21
Call, Cash & Other Assets 5048.32 4.79
Net Assets 105446.36 100.00

** Non - Traded / Thinly Traded Scrips * Less Than 0.01%
Note:
a) NAV at the beginning and at the end of the Half-year ended September 30,2019
Annual Dividend Plan(Rs) 17.2639
Direct Annual Dividend Plan(Rs) 18.3954
Direct Half Yearly Dividend Plan(Rs) 14.9656
Half Yearly Dividend Plan(Rs) 13.8193
Monthly
QuarterlyDividend
DividendPlan(Rs)
Plan(Rs) 15.9913
13.3754
Annual Dividend Plan(Rs) 17.8653
Direct Annual Dividend Plan(Rs) 19.0897
Direct Half Yearly Dividend Plan(Rs) 14.9801
Half Yearly Dividend Plan(Rs) 13.7494
Monthly
QuarterlyDividend
DividendPlan(Rs)
Plan(Rs) 15.9399
13.2876
Direct Half Yearly Dividend Plan 0.3962 0.3669
Half Yearly Dividend Plan 0.3962 0.3669
^ Effective June 4, 2018, Franklin India Income Builder Account was renamed as Franklin India Corporate Debt Fund.
FRANKLIN INDIA BANKING AND PSU DEBT FUND
Debt Instruments
INE134E08JY7 9.25% Power Finance Corp. Ltd. (25-Sep-2024) CRISIL AAA 280 2909.70 6.62
INE094A08036 7.00% Hindustan Petroleum Corp. Ltd. (14-Aug-2024) ** CRISIL AAA 250 2488.33 5.66
INE906B07FE6 7.17% National Highways Authority of India (23-Dec-2021) ** CRISIL AAA 240 2413.68 5.49
INE261F08BN5 7.18% National Bank for Agriculture and Rural Development (08-Aug-2022) CRISIL AAA 240 2403.87 5.47
INE031A08731 7.34% Housing & Urban Development Corp. Ltd. (16-Sep-2022) ** ICRA AAA 200 2009.96 4.57
INE752E07KN9 8.80% Power Grid Corp. of India Ltd. (13-Mar-2023) ** ICRA AAA 180 1897.69 4.32
INE029A08040 7.69% Bharat Petroleum Corp. Ltd. (16-Jan-2023) ** CRISIL AAA 150 1529.26 3.48
INE163N08065 8.60% ONGC Petro Additions Ltd. (11-Mar-2022) ** CARE AAA(SO) 150 1505.87 3.43
INE667A08088 9.95% SYNDICATE BANK (24-Oct-2021) ** IND A+ 145 1450.61 3.30
INE434A08083 9.20% Andhra Bank (31-Oct-2022) ** CRISIL AA- 140 1359.66 3.09
INE020B08BS3 8.80% REC Ltd (14-May-2029) ** CRISIL AAA 130 1338.82 3.05
INE556F08JL5 7.89% Small Industries Development Bank of India (15-Nov-2022) ** CARE AAA 130 1314.00 2.99
INE733E07JO9 9.17% NTPC Ltd. (21-Sep-2024) CRISIL AAA 120 1302.04 2.96
INE01XX07026 8.9508% Pipeline Infrastructure Pvt. Ltd. (22-Mar-2024) ** CRISIL AAA 130 1301.04 2.96
INE752E07MQ8 8.40% Power Grid Corp. of India Ltd. (27-May-2024) ** CRISIL AAA 110 1155.20 2.63
INE261F08BI5 7.90% National Bank for Agriculture and Rural Development (18-Apr-2022) ** CRISIL AAA 100 1017.39 2.31
INE053F07934 7.24% Indian Railway Finance Corp. Ltd. (08-Nov-2021) ** CARE AAA 100 1007.07 2.29
INE976G08064 10.20% RBL Bank Ltd. (15-Apr-2023) ** ICRA AA- 100 1005.83 2.29
INE705A08094 10.49% Bank Of Baroda (17-Jan-2022) ** CARE AA 88 904.34 2.06
INE556F08JI1 8.81% Small Industries Development Bank of India (25-Jan-2022) ** CARE AAA 50 519.19 1.18
INE020B08930 8.30% REC Ltd. (10-Apr-2025) ** CRISIL AAA 50 502.03 1.14
INE752E07LT4 8.93% Power Grid Corp of India Ltd. (20-Oct-2019) ** CRISIL AAA 10 100.14 0.23
INE020B08BM6 8.35% REC Ltd. (13-Mar-2022) ** CARE AAA 5 50.94 0.12
INE752E07NN3 8.13% Power Grid Corp of India Ltd. (23-Apr-2021) ** CRISIL AAA 1 10.19 0.02
Total 40,759.29 92.75
Net Assets 43,946.61 100.00

Note:
Direct Dividend Option 0.2881 0.2668
Dividend Option 0.2881 0.2668

FRANKLIN INDIA DYNAMIC ACCRUAL FUND
Debt Instruments
INE721A08DC8 10.25% Shriram Transport Finance Co. Ltd. (26-Apr-2024) ** CRISIL AA+ 2,750 26053.80 6.49
INE540P07301 10.15% Uttar Pradesh Power Corp. Ltd. (20-Jan-2023) ** CRISIL A+(SO) 1,112 10969.43 2.73
INE140A07435 9.10% Piramal Enterprises Ltd. (29-May-2020) ** ICRA AA 1,000 9987.01 2.49
INE657N07605 (SBI MCLR+160 Bps) Edelweiss Rural & Corporate Services Ltd.,Series II, (29-Nov-2021)** CRISIL AA 1,000 9944.89 2.48
INE265J07373 12.50% JM Financial Asset Reconstruction Co. Ltd. (02-Aug-2022) ** ICRA AA- 1,000 9863.64 2.46
INE219X07033 9.10% India Grid Trust (03-Jun-2022) ** CRISIL AAA 950 9531.14 2.38
INE134E08JX9 9.10% Power Finance Corp. Ltd. (23-Mar-2029) ** CRISIL AAA 915 9505.31 2.37
INE01E708040 10.32% Andhra Pradesh Capital Region Development Authority (16-Aug-2027) ** CRISIL A+(SO) 4,810 9265.14 2.31
INE669E08318 10.90% Vodafone Idea Ltd. (02-Sep-2023) ** CARE A 940 8265.12 2.06
INE516Y07105 9.50% Piramal Capital & Housing Finance Ltd. (15-Apr-2022) ** CARE AA 937 7093.27 1.77
INE615S07065 12.30% Sterlite Power Grid Ventures Ltd. (28-Mar-2022) ** IND A+ 650 6489.04 1.62
INE528G08352 9.50% Yes Bank Ltd. (23-12-2021) ** CARE A- 682 5927.30 1.48
INE128S07390 12.64% Five-Star Business Finance Ltd. (28-May-2022) ** ICRA A 560 5595.32 1.39
INE271C07137 12.25% DLF Ltd., Series IV, (11-Aug-2020) ** ICRA A+ 11 5586.39 1.39
INE459T07058 9.95% Vastu Housing Finance Corp. Ltd. (27-Feb-2025) ** BWR A 560 5236.23 1.30
INE124N07143 10.9007% Esskay Fincorp Ltd. (11-Jun-2021) ** BWR A 500 4883.44 1.22
INE657N07381 8.70% Edelweiss Rural & Corporate Services Ltd. (30-Jun-2027) ** ICRA AA- 450 4324.48 1.08
INE146O08100 9.40% Hinduja Leyland Finance Ltd. (28-Aug-2024) ** CARE AA- 450 4084.38 1.02
INE271C07178 12.25% DLF Ltd., Tranche II, Series IV, (11-Aug-2020) ** ICRA A+ 8 4062.83 1.01
INE020B08BU9 8.30% REC Ltd. (25-Jun-2029) ** CRISIL AAA 380 3791.66 0.94
INE516Y07089 9.50% Piramal Capital & Housing Finance Ltd. (21-Apr-2022) ** CARE AA 475 3594.71 0.90
INE540P07210 9.75% Uttar Pradesh Power Corp. Ltd. (20-Oct-2022) ** CRISIL A+(SO) 300 2939.22 0.73
INE658R08024 11.00% Motilal Oswal Home Finance ltd. (03-May-2021) ** ICRA A+ 300 2938.01 0.73
INE764L07173 0.00% Sadbhav Infrastructure Project Ltd. (23-Apr-2023) ** CARE A(SO) 250 2865.88 0.71
INE540P07228 9.75% Uttar Pradesh Power Corp. Ltd. (20-Oct-2023) CRISIL A+(SO) 270 2623.40 0.65
INE936D07075 9.75% Jamnagar Utilities & Power Pvt. Ltd. (02-Aug-2024) ** CRISIL AAA 250 2571.65 0.64
INE128S07374 12.64% Five-Star Business Finance Ltd. (16-Apr-2022) ** ICRA A 250 2497.99 0.62
INE124N07200 10.9007% Ess Kay Fincorp. Ltd. (11-Jun-2021) ** BWR A 250 2445.83 0.61
INE616U07036 8.70% Edelweiss Rural & Corporate Services Ltd. (30-Jun-2027) ** ICRA AA- 250 2400.23 0.60
INE657N07183 9.00% Edelweiss Rural & Corporate Services Ltd. (17-Apr-2020) ** ICRA AA- 211 2174.46 0.54
INE146O08159 11.60% Hinduja Leyland Finance Ltd. (29-Sep-2024) ** CARE AA- 200 1963.61 0.49
INE658R08032 11.00% Motilal Oswal Home Finance Ltd. (16-May-2021) ** ICRA A+ 200 1957.72 0.49
INE081A08165 11.80% Tata Steel Ltd. (18-Mar-2021) ** CARE AA- 170 1752.31 0.44
INE146O08068 11.50% Hinduja Leyland Finance Ltd. (31-May-2021) ** ICRA AA- 140 1398.51 0.35
INE146O08092 11.10% Hinduja Leyland Finance Ltd. (08-Apr-2022) ** CARE AA- 100 989.60 0.25
INE155A08225 9.73% Tata Motors Ltd. (01-Oct-2020) ** CARE AA- 50 502.73 0.13
INE669E07021 9.45% Vodafone Idea Ltd. (31-Oct-2019) ** CARE A 5 497.28 0.12
INE245A08042 10.75% Tata Power Co. Ltd. (21-Aug-2022) ** CRISIL AA- 40 410.17 0.10
INE003S07213 9.60% Renew Power Ltd. (26-Feb-2021) ** CARE A+ 40 399.89 0.10
Total 238,084.29 59.34

INE00U207051 0.00% Adani Rail Infra Pvt. Ltd. (28-Apr-2023) ** BWR AA- (SO) 120 13506.82 3.37
INE316W07021 11.84% Hero Solar Energy Pvt. Ltd. (10-Jun-2022) ** ICRA A+ 1000 10018.92 2.50
INE311S08135 10.00% MA Multi-Trade Pvt. Ltd. (27-Nov-2020) ** BWR A+ (SO) 1000 9828.02 2.45
INE03VJ07017 11.25% Aadarshini Real Estate Developers Pvt. Ltd. (29-Jul-2020) ** ICRA A+ 18 9024.55 2.25
INE713G08046 8.25% Vodafone Idea Ltd. (10-Jul-2020) ** CRISIL A 950 8842.50 2.20
INE598K07011 9.00% Pune Solapur Expressways Pvt. Ltd., Series A, (31-Mar-2029) ** ICRA A(SO) 6878 6600.44 1.65
INE971Z07059 11.5% Rivaaz Trade Ventures Pvt. Ltd. (30-Mar-2023) ** BWR AA- (SO) 600 5854.75 1.46
INE764L07181 0.00% Sadbhav Infrastructure Project Ltd. (06-Jun-2023) ** CARE A(SO) 500 5662.95 1.41
INE660N07062 11.50% S D Corp. Pvt. Ltd. (03-Jun-2022) ** CARE AA(SO) 550 5465.03 1.36
INE311S08150 9.80% MA Multi-Trade Pvt. Ltd. Series B2, (17-Feb-2020) ** BWR A+ (SO) 500 4986.57 1.24
INE507R07033 13.50% OPJ Trading Pvt. Ltd. (16-Oct-2020) ** BWR A-(SO) 470 4693.82 1.17
INE660N07047 11.50% S D Corp. Pvt. Ltd. (03-Jun-2022) ** CARE AA(SO) 450 4480.41 1.12
INE659X07014 9.95% Molagavalli Renewable Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 440 4047.74 1.01
INE964Q07012 9.60% Renew Wind Energy (Rajasthan One) Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 450 3985.63 0.99
INE003S07189 9.45% Renew Power Ltd. (31-Jul-2025) ** CARE A+ 400 3760.37 0.94
INE575P08024 10.20% Star Health & Allied Insurance Co. Ltd. (31-Oct-2024) ** IND A 390 3717.13 0.93
INE720G08082 (SBI+100 Bps) Jindal Power Ltd. (22-Dec-2020) ** ICRA BBB+ 338 3219.75 0.80
INE082T07033 0.00% Diligent Media Corp. Ltd., Series C, (30-Jun-2020) ** ICRA BBB-(SO) 22 3168.90 0.79
INE458O07036 9.41% Renew Wind Energy Delhi Pvt. Ltd. (30-Sep-2030) ** CARE A+(SO) 400 3083.32 0.77
INE285T07099 11.9% Rivaaz Trade Ventures Pvt. Ltd. (07-Aug-2020) ** BWR A+ (SO) 250 2511.51 0.63
INE971Z07109 12.25% Rivaaz Trade Ventures Pvt. Ltd. (30-Sep-2023) ** BWR AA- (SO) 250 2491.19 0.62
INE946S07148 12.80% Nufuture Digital (India) Ltd. (30-Sep-2023) ** BWR A+ (SO) 250 2453.90 0.61
INE080T07037 12.75% Future Ideas Co. Ltd. (30-Jun-2020) ** BWR A+ (SO) 230 2298.35 0.57
INE946S07098 12.15% NuFuture Digital (India) Ltd. (02-Jun-2020) ** BWR A+ (SO) 230 2296.05 0.57
INE498F07071 0.00% Essel Infraprojects Ltd., Series II, (22-May-2020) ** BWR BBB-(SO) 14 2057.71 0.51
INE840S07093 11.90% Rivaaz Trade Ventures Pvt. Ltd. (11-May-2020) ** CARE A+(SO) 200 2010.96 0.50
INE333T07063 11.49% Reliance Big Pvt. Ltd ., Series 3, (14-Jan-2021)**$$ BWR D 359 1795.00 0.45
INE922K07013 9.99% India Shelter Finance Corp. Ltd. (10-Feb-2022) ** ICRA A 2500 1767.01 0.44
INE003S07122 13.01% Renew Power Ltd., Series VI, (23-Mar-2020) ** CARE A+ 160 1611.41 0.40
INE582L07104 8.25% Tata Housing Development Co. Ltd. (27-Feb-2020) ** ICRA AA 150 1503.77 0.38
INE081T08108 10.90% Aasan Corporate Solutions Pvt. Ltd. (20-Dec-2019) ** ICRA A+(SO) 150 1501.01 0.37
INE139S07017 11.35% Renew Solar Power Pvt. Ltd. (01-Nov-2022) ** CARE A+(SO) 100 1017.14 0.25
INE01EA07016 11.90% Rishanth Wholesale Trading Pvt. Ltd. (20-Oct-2023) ** IND A 10 1001.84 0.25
INE575P08016 10.25% Star Health & Allied Insurance Co. Ltd. (06-Sep-2024) ** IND A 100 955.81 0.24
INE209W07028 9.95% Narmada Wind Energy Pvt. Ltd. (31-Mar-2023) ** CARE A+(SO) 50 459.65 0.11
Total 142,331.42 35.47
Totals 380,415.71 94.81
Net Assets 401,233.03 100.00

** Non - Traded/Thinly Traded Scrips
Note:

FRANKLIN INDIA PENSION PLAN
ISIN Number Name of the Instrument Industry Classification / Quantity Market Value % to Net
Rating (Rs. in Lakhs) Assets
Equity & Equity Related
INE040A01034 HDFC Bank Ltd. Banks 158,000 1939.37 4.37
INE238A01034 Axis Bank Ltd. Banks 206,475 1414.35 3.19
INE090A01021 ICICI Bank Ltd. Banks 206,474 895.48 2.02
INE237A01028 Kotak Mahindra Bank Ltd. Banks 53,853 885.59 2.00
INE009A01021 Infosys Ltd. Software 109,904 885.44 2.00
INE397D01024 Bharti Airtel Ltd. Telecom - Services 205,373 753.82 1.70
INE089A01023 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 25,367 685.48 1.55
INE094A01015 Hindustan Petroleum Corp. Ltd. Petroleum Products 203,475 613.88 1.37
INE047A01021 Grasim Industries Ltd. Cement 79,950 583.71 1.32
INE347G01014 Petronet LNG Ltd. Gas 190,244 494.44 1.12
INE038A01020 Hindalco Industries Ltd. Non - Ferrous Metals 254,936 487.82 1.10
INE029A01011 Bharat Petroleum Corp. Ltd. Petroleum Products 93,000 437.19 0.99
INE226A01021 Voltas Ltd. Consumer Durables 60,000 407.73 0.92
INE259A01022 Colgate Palmolive (India) Ltd. Consumer Non Durables 26,468 398.06 0.90
INE246F01010 Gujarat State Petronet Ltd. Gas 168,573 365.72 0.82
INE101A01026 Mahindra & Mahindra Ltd. Auto 66,526 364.00 0.82
INE787D01026 Balkrishna Industries Ltd. Auto Ancillaries 40,000 310.50 0.70
INE531A01024 Kansai Nerolac Paints Ltd. Consumer Non Durables 57,182 300.18 0.68
INE081A01012 Tata Steel Ltd. Ferrous Metals 74,355 268.05 0.60
INE752E01010 Power Grid Corp. of India Ltd. Power 130,625 260.01 0.59
INE733E01010 NTPC Ltd. Power 221,251 259.97 0.59
INE062A01020 State Bank of India Banks 88,509 239.68 0.54
INE686F01025 United Breweries Ltd. Consumer Non Durables 15,000 202.07 0.46
INE298A01020 Cummins India Ltd. Industrial Products 32,100 183.87 0.41
INE036D01028 Karur Vysya Bank Ltd. Banks 301,582 180.20 0.41
INE010B01027 Cadila Healthcare Ltd. Pharmaceuticals 72,000 167.98 0.38
INE917I01010 Bajaj Auto Ltd. Auto 4,923 144.82 0.33
INE647O01011 Aditya Birla Fashion and Retail Ltd. Retailing 65,910 139.30 0.31
INE685A01028 Torrent Pharmaceuticals Ltd. Pharmaceuticals 7,072 117.92 0.27
INE199G01027 Jagran Prakashan Ltd. Media & Entertainment 153,047 98.03 0.22
INE494B01023 TVS Motor Co. Ltd. Auto 23,121 97.57 0.22
INE155A01022 Tata Motors Ltd. Auto 74,940 88.02 0.20
INE522F01014 Coal India Ltd. Minerals/mining 984 1.97 0.00*
Total 14,672.22 33.10
Debt Instruments
INE062A08124 9.00% State Bank of India (06-Sep-2021) ** CRISIL AA+ 250 2517.41 5.68
INE205A07030 9.45% Vedanta Ltd. (17-Aug-2020) ** CRISIL AA 210 2099.50 4.74
INE657N07415 8.40% Edelweiss Rural & Corporate Services Ltd. (26-Oct-2020) ** CRISIL AA 200 1992.75 4.50
INE146O08035 12.40% Hinduja Leyland Finance Ltd. (03-Nov-2019) ** IND AA- 193 1937.21 4.37
INE053F07AC3 7.33% Indian Railway Finance Corp. Ltd. (27-Aug-2027) ** CRISIL AAA 100 982.08 2.22
INE245A08067 9.48% The Tata Power Co. Ltd. (17-Nov-2019) ** ICRA AA- 90 902.48 2.04
INE896L07561 (1Y SBI MCLR + 200 Bps) Indostar Capital Finance Ltd. (02-May-2023) ** CARE AA- 50 500.17 1.13
INE523H07866 8.80% JM Financial Products Ltd. (28-Sep-2020) ** ICRA AA 50 487.68 1.10
Total 25,032.86 56.49

INE321N07244 0.00% KKR India Financial Services Pvt. Ltd. (10-Mar-2021) ** CRISIL AA+ 14 1726.68 3.90
Total 1726.68 3.90
IN0020180454 7.26% GOI 2029 (14-Jan-2029) SOVEREIGN 400,000 415.20 0.94
IN0020190016 7.27% GOI 2026 (08-Apr-2026) SOVEREIGN 300,000 311.16 0.70
Total 726.36 1.64
Totals 42,158.12 95.13
Net Assets 44,315.09 100.00

Note:
b) Aggregate Dividends declared during the Half-year ended September 30, 2019 NIL
d) Total No. of Instances of deviation from valuation price provided by the valuation agencies NIL

FRANKLIN INDIA DEBT HYBRID FUND^
ISIN Number Name of the Instrument Industry Classification Quantity Market Value % to Net
INE009A01021 Infosys Ltd. Software 63,338 510.28 1.65
INE246F01010 Gujarat State Petronet Ltd. Gas 170,586 370.09 1.20
INE531A01024 Kansai Nerolac Paints Ltd. Consumer Non Durables 67,697 355.37 1.15
INE089A01023 Dr.Reddy's Laboratories Ltd. Pharmaceuticals 10,300 278.33 0.90
INE226A01021 Voltas Ltd. Consumer Durables 40,000 271.82 0.88
INE090A01021 ICICI Bank Ltd. Banks 60,374 261.84 0.85
INE259A01022 Colgate Palmolive (India) Ltd. Consumer Non Durables 9,526 143.27 0.46
INE686F01025 United Breweries Ltd. Consumer Non Durables 10,000 134.72 0.44
INE494B01023 TVS Motor Co. Ltd. Auto 25,761 108.71 0.35
INE647O01011 Aditya Birla Fashion and Retail Ltd. Retailing 35,367 74.75 0.24
INE036D01028 Karur Vysya Bank Ltd. Banks 77,000 46.01 0.15
INE522F01014 Coal India Ltd. Minerals/mining 581 1.16 0.00*
Total 6,595.92 21.31
Debt Instruments
INE514E08FL5 8.60% Export-Import Bank of India (31-Mar-2022) ** ICRA AA+ 250 2,491.82 8.05
INE062A08124 9.00% State Bank of India (06-Sep-2021) ** CRISIL AA+ 200 2,013.93 6.51
INE657N07415 8.40% Edelweiss Rural & Corporate Services Ltd. (26-Oct-2020) ** CRISIL AA 200 1,992.75 6.44
INE134E08JY7 9.25% Power Finance Corp. Ltd. (25-Sep-2024) CRISIL AAA 190 1,974.44 6.38
INE245A08067 9.48% The Tata Power Co. Ltd. (17-Nov-2019) ** ICRA AA- 160 1,604.42 5.19
INE434A09149 9.55% Andhra Bank (26-Dec-2019) ** CRISIL AA- 100 999.57 3.23
INE053F07AC3 7.33% Indian Railway Finance Corp. Ltd. (27-Aug-2027) ** CRISIL AAA 90 883.87 2.86
INE038A07266 9.55% Hindalco Industries Ltd. (27-Jun-2022) ** CARE AA+ 70 722.94 2.34
INE528G09061 10.25% Yes Bank Ltd. (05-Mar-2020) ** CARE A- 50 495.18 1.60
Total 22,065.47 71.32
IN0020180454 7.26% GOI (14-Jan-2029) SOVEREIGN 100,000 103.80 0.34
IN0020190016 7.27% GOI (08-Apr-2026) SOVEREIGN 100,000 103.72 0.34
Total 207.52 0.67
Totals 28,868.91 93.30
Net Assets 30,940.44 100.00

Note:
^ Effective June 4, 2018, Franklin India Monthly Income Plan was renamed as Franklin India Debt Hybrid Fund.
FRANKLIN INDIA EQUITY HYBRID FUND^
ISIN Number Name of the Instrument Industry Classification / Rating Quantity Market Value % to Net
INE238A01034 Axis Bank Ltd. Banks 2,000,862 13,705.91 7.42
INE040A01034 HDFC Bank Ltd. Banks 988,868 12,137.86 6.57
INE237A01028 Kotak Mahindra Bank Ltd. Banks 459,760 7,560.52 4.10
INE090A01021 ICICI Bank Ltd. Banks 1,656,302 7,183.38 3.89
INE009A01021 Infosys Ltd. Software 763,784 6,153.43 3.33
INE038A01020 Hindalco Industries Ltd. Non - Ferrous Metals 3,044,188 5,825.05 3.16
INE752E01010 Power Grid Corp. of India Ltd. Power 2,508,769 4,993.70 2.71
INE397D01024 Bharti Airtel Ltd. Telecom - Services 1,264,520 4,641.42 2.51
INE101A01026 Mahindra & Mahindra Ltd. Auto 821,320 4,493.85 2.43
INE047A01021 Grasim Industries Ltd. Cement 600,350 4,383.16 2.37
INE089A01023 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 154,688 4,180.06 2.26
INE259A01022 Colgate Palmolive (India) Ltd. Consumer Non Durables 276,850 4,163.69 2.26
INE239A01016 Nestle India Ltd. Consumer Non Durables 28,764 3,995.22 2.16
INE242A01010 Indian Oil Corp. Ltd. Petroleum Products 2,568,360 3,785.76 2.05
INE347G01014 Petronet LNG Ltd. Gas 1,446,976 3,760.69 2.04
INE246F01010 Gujarat State Petronet Ltd. Gas 1,516,102 3,289.18 1.78
INE669C01036 Tech Mahindra Ltd. Software 429,717 3,070.33 1.66
INE094A01015 Hindustan Petroleum Corp. Ltd. Petroleum Products 998,372 3,012.09 1.63
INE733E01010 NTPC Ltd. Power 2,512,015 2,951.62 1.60
INE053A01029 The Indian Hotels Co. Ltd. Hotels, Resorts & Other Recreational Activities 1,583,382 2,530.24 1.37
INE686F01025 United Breweries Ltd. Consumer Non Durables 178,251 2,401.31 1.30
INE572E01012 PNB Housing Finance Ltd. Finance 336,933 1,966.85 1.07
INE280A01028 Titan Co. Ltd. Consumer Durables 147,561 1,878.53 1.02
INE226A01021 Voltas Ltd. Consumer Durables 274,626 1,866.22 1.01
INE062A01020 State Bank of India Banks 615,662 1,667.21 0.90
INE787D01026 Balkrishna Industries Ltd. Auto Ancillaries 205,000 1,591.31 0.86
INE081A01012 Tata Steel Ltd. Ferrous Metals 385,077 1,388.20 0.75
INE647O01011 Aditya Birla Fashion and Retail Ltd. Retailing 649,104 1,371.88 0.74
INE049A01027 Himatsingka Seide Ltd. Textile Products 921,918 1,320.19 0.72
INE155A01022 Tata Motors Ltd. Auto 1,081,483 1,270.20 0.69
INE917I01010 Bajaj Auto Ltd. Auto 36,783 1,082.08 0.59
INE149A01033 Cholamandalam Financial Holdings Ltd. Finance 195,421 957.27 0.52
INE199G01027 Jagran Prakashan Ltd. Media & Entertainment 1,265,151 810.33 0.44
INE438A01022 Apollo Tyres Ltd. Auto Ancillaries 414,842 753.56 0.41
INE536H01010 Mahindra CIE Automotive Ltd. Industrial Products 377,910 630.35 0.34
Total 128,578.66 69.64
(b) Unlisted***
INE671B01018 Globsyn Technologies Ltd.** Software 270,000 0.03 0.00*
Numero Uno International Ltd.** Finance 27,500 0.00 0.00*
Total 0.03 0.00
(c) Real Eastate Investment Trusts (REITs)

INE041025011 Embassy Office Parks REIT 805,200 3,233.20 1.75
Total 3,233.20 1.75
Debt Instruments
INE514E08FL5 8.60% Export-Import Bank of India (31-Mar-2022) ** ICRA AA+ 900 8,970.53 4.86
INE146O08035 12.40% Hinduja Leyland Finance Ltd. (03-Nov-2019) ** IND AA- 500 5,018.67 2.72
INE896L07561 (1Y SBI MCLR+200 Bps) Indostar Capital Finance Ltd. (02-May-2023) ** CARE AA- 450 4,501.54 2.44
INE062A08124 9.00% State Bank of India (06-Sep-2021) ** CRISIL AA+ 350 3,524.37 1.91
INE020B08740 9.35% REC Ltd. (15-Jun-2022) ** CRISIL AAA 250 2,604.77 1.41
INE053F07AC3 7.33% Indian Railway Finance Corp. Ltd. (27-Aug-2027) ** CRISIL AAA 210 2,062.37 1.12
INE434A09149 9.55% Andhra Bank (26-Dec-2019) ** CRISIL AA- 141 1,409.39 0.76
INE01XX07026 8.9508% Pipeline Infrastructure Ltd. (22-Mar-2024) ** CRISIL AAA 50 500.40 0.27
Total 43,170.14 23.39

INE896L07660 (SBI MCLR+225 Bps) Indostar Capital Finance Ltd. (02-Nov-2021) ** CARE AA- 250 2,502.78 1.36
INE321N07244 0.00% KKR India Financial Services Pvt. Ltd. (10-Mar-2021) ** CRISIL AA+ 14 1,726.68 0.94
Total 4,229.46 2.30
IN0020190016 7.27% GOI (08-Apr-2026) SOVEREIGN 1,500,000 1,555.80 0.84
IN0020180454 7.26% GOI (14-Jan-2029) SOVEREIGN 500,000 519.00 0.28
Total 2,074.80 1.12
Totals 181,286.29 98.20
Net Assets 184,606.00 100.00

Note:
d) Portfolio Turnover Ratio during the Half-year ended September 30, 2019 27.74%
e) *** Total value and percentage of illiquid securities Rs 0.03 Lakhs and 0.00001% of net assets.
f) Total No. of Instances of deviation from valuation price provided by the valuation agencies Nil
^ Effective June 4, 2018 Franklin India Balanced Fund was renamed as Franklin India Equity Hybrid Fund
FRANKLIN INDIA EQUITY SAVINGS FUND
ISIN Number Name of the Instrument Industry Classification / Rating Quantity Market Value % to Net Assets % to Net Assets
(Rs. in Lakhs) (Hedged & Derivative
Unhedged)

INE002A01018 Reliance Industries Ltd. Petroleum Products 157,500 2,098.29 7.59 (7.62)
INE238A01034 Axis Bank Ltd. Banks 195,000 1,335.75 4.83 (1.80)
INE001A01036 Housing Development Finance Corp. Ltd. Finance 58,500 1,156.58 4.18 (4.22)
INE030A01027 Hindustan Unilever Ltd. Consumer Non Durables 56,100 1,111.88 4.02 (4.03)
INE296A01024 Bajaj Finance Ltd. Finance 25,000 1,011.51 3.66 (3.68)
INE280A01028 Titan Co. Ltd. Consumer Durables 58,500 744.73 2.69 (2.71)
INE009A01021 Infosys Ltd. Software 82,195 662.20 2.39 (0.87)
INE237A01028 Kotak Mahindra Bank Ltd. Banks 34,128 561.22 2.03 -
INE040A01034 HDFC Bank Ltd. Banks 44,878 550.86 1.99 -
INE047A01021 Grasim Industries Ltd. Cement 63,712 465.16 1.68 -
INE079A01024 Ambuja Cements Ltd. Cement 215,000 438.49 1.58 (1.60)
INE021A01026 Asian Paints Ltd. Consumer Non Durables 24,000 422.92 1.53 (1.54)
INE149A01033 Cholamandalam Financial Holdings Ltd. Finance 86,040 421.47 1.52 -
INE090A01021 ICICI Bank Ltd. Banks 95,061 412.28 1.49 -
INE397D01024 Bharti Airtel Ltd. Telecom - Services 108,461 398.11 1.44 (0.25)
INE259A01022 Colgate Palmolive (India) Ltd. Consumer Non Durables 25,287 380.30 1.37 -
INE208A01029 Ashok Leyland Ltd. Auto 516,000 354.49 1.28 (1.29)
INE010B01027 Cadila Healthcare Ltd. Pharmaceuticals 148,800 347.15 1.25 (1.26)
INE094A01015 Hindustan Petroleum Corp. Ltd. Petroleum Products 110,000 331.87 1.20 -
INE347G01014 Petronet LNG Ltd. Gas 123,156 320.08 1.16 -
INE028A01039 Bank of Baroda Banks 342,000 318.23 1.15 (1.15)
INE154A01025 ITC Ltd. Consumer Non Durables 120,000 311.82 1.13 (1.13)
INE752E01010 Power Grid Corp. of India Ltd. Power 145,523 289.66 1.05 -
INE246F01010 Gujarat State Petronet Ltd. Gas 132,933 288.40 1.04 -
INE038A01020 Hindalco Industries Ltd. Non - Ferrous Metals 150,335 287.67 1.04 -
INE239A01016 Nestle India Ltd. Consumer Non Durables 1,902 264.18 0.96 -
INE062A01020 State Bank of India Banks 97,218 263.27 0.95 -
INE686F01025 United Breweries Ltd. Consumer Non Durables 18,456 248.63 0.90 -
INE406A01037 Aurobindo Pharma Ltd. Pharmaceuticals 40,000 235.60 0.85 (0.85)
INE101A01026 Mahindra & Mahindra Ltd. Auto 40,438 221.26 0.80 -
INE733E01010 NTPC Ltd. Power 183,537 215.66 0.78 -
INE089A01023 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 7,942 214.61 0.78 -
INE669C01036 Tech Mahindra Ltd. Software 29,733 212.44 0.77 -
INE245A01021 Tata Power Co. Ltd. Power
Other Recreational 317,938 198.71 0.72 -
INE053A01029 The Indian Hotels Co. Ltd. Activities 122,059 195.05 0.70 -
INE016A01026 Dabur India Ltd. Consumer Non Durables 41,250 184.49 0.67 (0.67)
INE242A01010 Indian Oil Corp. Ltd. Petroleum Products 121,901 179.68 0.65 -
INE438A01022 Apollo Tyres Ltd. Auto Ancillaries 92,685 168.36 0.61 -
INE081A01012 Tata Steel Ltd. Ferrous Metals 38,144 137.51 0.50 -
INE572E01012 PNB Housing Finance Ltd. Finance 21,957 128.17 0.46 -
INE562A01011 Indian Bank Banks 100,633 126.09 0.46 -
INE155A01022 Tata Motors Ltd. Auto 96,169 112.95 0.41 -
INE049A01027 Himatsingka Seide Ltd. Textile Products 76,471 109.51 0.40 -
INE536H01010 Mahindra CIE Automotive Ltd. Industrial Products 64,953 108.34 0.39 -
INE917I01010 Bajaj Auto Ltd. Auto 3,091 90.93 0.33 -
INE129A01019 GAIL (India) Ltd. Gas 47,372 63.72 0.23 -
INE918I01018 Bajaj Finserv Ltd. Finance 500 42.57 0.15 (0.15)
INE774D01024 Mahindra & Mahindra Financial Services Ltd. Finance 2,500 8.20 0.03 (0.03)
Total 18,751.05 67.79 (34.85)
(b) Real Eastate Investment Trusts (REITs)

INE041025011 Embassy Office Parks REIT 62,000 248.95 0.90
Total 248.95 0.90
Debt Instruments
INE906B07FE6 7.17% National Highways Authority of India (23-Dec-2021) ** CRISIL AAA 100 1,005.70 3.64
Total 3,709.71 13.42
Totals 22,709.71 82.11
Margin on Derivatives 2,993.17 10.82

Net Assets 27,658.47 100.00

Note:
Rs.9,639.03
c) Total outstanding position (as at September 30 , 2019) in Derivative Instruments (Gross Notional) Lacs
d) Total % of existing assets hedged through futures 34.85%
e) Average Maturity as on September 30, 2019 2.42 Years
f) Portfolio Turnover Ratio during the Half-year ended September 30, 2019 268.29%
g) Total No. of Instances of deviation from valuation price provided by the valuation agencies Nil

FRANKLIN INDIA FIXED MATURITY PLANS – SERIES 6 – PLAN C (1169 Days)
Debt Instruments
INE891K07416 0.00% Axis Finance Ltd. (19-Apr-2022) ** IND AAA 40 454.03 10.02
INE377Y07052 0.00% Bajaj Housing Finance Ltd. (05-Apr-2022) ** CRISIL AAA 40 453.50 10.01
INE134E08JW1 8.18% Power Finance Corp. Ltd. (19-Mar-2022) ** ICRA AAA 41 417.36 9.21
INE163N08073 8.85% ONGC Petro additions Ltd. (19-Apr-2022) ** ICRA AAA 40 403.45 8.91
INE774D07SQ1 0.00% Mahindra & Mahindra Financial Services Ltd. (29-Mar-2022) ** IND AAA 21 231.99 5.12
INE296A07QQ5 0.00% Bajaj Finance Ltd. (05-Apr-2022) ** CRISIL AAA 19 212.26 4.69
INE031A08657 8.23% Housing and Urban Development Corp. Ltd. (15-Apr-2022) ** ICRA AAA 19 194.63 4.30
INE535H07AT9 0.00% Fullerton India Credit Co. Ltd. (13-Apr-2022) ** CRISIL AAA 12 127.06 2.81
Total 4,370.17 96.49
Net Assets 4,529.06 100.00

Note:

FRANKLIN INDIA FIXED MATURITY PLANS – SERIES 5 – PLAN F (1203 Days)
ISIN Number Name of the Instrument Rating Quantity Market Value (Rs. % to Net
in Lakhs) Assets
Debt Instruments
INE020B08BF0 8.45% REC Ltd. (22-Mar-2022) ** CRISIL AAA 39 399.88 11.32
INE774D07SQ1 0.00% Mahindra & Mahindra Financial Services Ltd. (29-Mar-2022) ** IND AAA 29 320.37 9.07
INE831R07235 0.00% Aditya Birla Housing Finance Ltd. (13-Apr-2022) ** IND AAA 1 10.94 0.31
Total 3,391.19 96.01
Net Assets 3,532.09 100.00

Note:

FRANKLIN INDIA FIXED MATURITY PLANS – SERIES 5 – PLAN E (1224 Days)
in Lakhs) Assets
Debt Instruments
INE377Y07086 0.00% Bajaj Housing Finance Ltd. (05-May-2022) ** CRISIL AAA 23 257.96 11.89
INE756I07CI8 0.00% HDB Financial Services Ltd. (05-Apr-2022) ** CRISIL AAA 23 256.09 11.80
INE906B07FG1 7.60% National Highways Authority of India (18-Mar-2022) ** CRISIL AAA 2 20.28 0.93
INE306N07KG9 9.4756% Tata Capital Financial Services Ltd. (08-Apr-2022) ** ICRA AAA 1 10.35 0.48
Total 2,084.42 96.05
Net Assets 2,170.12 100.00

Note:

FRANKLIN INDIA FIXED MATURITY PLANS – SERIES 5 – PLAN D (1238 Days)
Debt Instruments
INE377Y07086 0.00% Bajaj Housing Finance Ltd. (05-May-2022) ** CRISIL AAA 68 762.67 11.82
INE774D07SS7 9.05% Mahindra & Mahindra Financial Services Ltd. (18-Apr-2022) ** CARE AAA 70,000 713.96 11.08
Total 6,156.45 95.41
Net Assets 6,452.39 100.00

Note:

FRANKLIN INDIA FIXED MATURITY PLANS - SERIES 5 - PLAN C (1259 Days)
Debt Instruments
INE535H07AQ5 0.00% Fullerton India Credit Co. Ltd. (19-Apr-2022) ** CRISIL AAA 21 225.11 6.54
INE476M07BR8 9.3772% L&T Housing Finance Ltd. (11-Mar-2022) ** ICRA AAA 3 30.33 0.88
Total 3,303.96 96.00
Net Assets 3,441.53 100.00

Note:
b) Aggregate Dividends declared during the Half-year ended September 30, 2019 :

FRANKLIN INDIA FIXED MATURITY PLANS – SERIES 5 – PLAN B (1224 Days)
Debt Instruments
INE033L07GA4 9.1791% Tata Capital Housing Finance Ltd. (13-Apr-2022) ** CRISIL AAA 35 358.88 8.22
Total 4,195.02 96.09
Net Assets 4,365.84 100.00

Note:

FRANKLIN INDIA FIXED MATURITY PLANS - SERIES 5 - PLAN A (1273 Days)
Debt Instruments
Total 2,073.02 84.15

INE580B07463 9.35% Gruh Finance Ltd. (06-Apr-2022) ** ICRA AAA 52 270.76 10.99
Total 270.76 10.99
Totals 2,343.78 95.14
Net Assets 2,463.56 100.00

Note:

FRANKLIN INDIA FIXED MATURITY PLANS – SERIES 4 – PLAN F (1286 Days)
Debt Instruments
INE115A07LM7 7.95% LIC Housing Finance Ltd. (24-Mar-2022) ** CRISIL AAA 50 505.01 10.71
INE134E08IN2 7.27% Power Finance Corp. Ltd. (22-Dec-2021) ** CRISIL AAA 50 498.88 10.58
Total 4018.04 85.21

INE895D08790 8.25% Tata Sons Pvt Ltd. (23-Mar-2022) ** CRISIL AAA 50 499.48 10.59
Total 499.48 10.59
Totals 4517.52 95.80
Net Assets 4715.53 100.00

Note:
Plan Name Dividend per unit

FRANKLIN INDIA FIXED MATURITY PLANS – SERIES 4 – PLAN E (1098 Days)
Debt Instruments
INE752E07MZ9 8.40% Power Grid Corp. of India Ltd. (14-Sep-2021) ** CARE AAA 31 318.85 10.94
INE027E07709 8.9492% L&T Finance Ltd. (16-Aug-2021) ** CARE AAA 26 259.78 8.91
INE556F08JH3 8.40% Small Industries Development Bank of India (10-Aug-2021) ** CARE AAA 19 194.72 6.68
INE261F08AM9 8.37% National Bank for Agriculture and Rural Development (03-Aug-2021) ** CRISIL AAA 19 194.07 6.66
INE660A07PT8 0.00% Sundaram Finance Ltd. (31-Aug-2021) ** CRISIL AAA 20 174.19 5.98
INE860H07FW4 0.00% Aditya Birla Finance Ltd. (26-Jul-2021) ** IND AAA 7 78.02 2.68
Total 2,793.56 95.86

INE895D08634 8.01% Tata Sons Ltd. (02-Sep-2021) ** CRISIL AAA 3 29.92 1.03
Total 29.92 1.03
Totals 2,823.48 96.89
Net Assets 2,914.20 100.00

Note:

Debt Instruments
INE377Y07045 8.1352% Bajaj Housing Finance Ltd. (04-Jun-2021) ** CRISIL AAA 26 262.14 7.22
INE721A07NV9 9.10% Shriram Transport Finance Co. Ltd. (12-Jul-2021) ** CRISIL AA+ 26,000 251.11 6.91
Total 3,130.28 86.19

INE895D08634 8.01% Tata Sons Pvt Ltd. (02-Sep-2021) ** CRISIL AAA 34 339.07 9.33
Total 408.72 11.25
Totals 3,539.00 97.44
Net Assets 3,631.84 100.00

Note:

Debt Instruments
INE115A07MX2 0.00% LIC Housing Finance Ltd. (25-Mar-2021) ** CRISIL AAA 90 1030.11 11.99
INE891K07440 0.00% Axis Finance Ltd. (31-Aug-2021) ** CRISIL AAA 60 667.54 7.77
INE831R07201 0.00% Aditya Birla Housing Finance Ltd. (26-Jul-2021) ** IND AAA 10 111.06 1.29
INE377Y07045 8.1352% Bajaj Housing Finance Ltd. (04-Jun-2021) ** CRISIL AAA 4 40.33 0.47
INE535H07AU7 9.30% Fullerton India Credit Co. Ltd . (15-Mar-2021) ** CRISIL AAA 1 9.92 0.12
Total 8466.39 98.56
Net Assets 8,590.06 100.00

Note:
Growth(Rs) 10.5648
Direct Growth(Rs) 10.6207
Dividend(Rs) 10.5648
Direct Quarterly Dividend(Rs) 10.3342
Quarterly Dividend(Rs) 10.2783
Growth(Rs) 11.0324
Direct Growth(Rs) 11.1321
Dividend(Rs) 10.3386
Direct Quarterly Dividend(Rs) 10.3385
Quarterly Dividend(Rs) 10.3305
Dividend 0.4970 0.4602
Quarterly Dividend 0.2845 0.2635
Direct Quarterly Dividend 0.3494 0.3235

FRANKLIN INDIA FIXED MATURITY PLANS - SERIES 4 - PLAN B (1098 Days)
Debt Instruments
INE110L07070 8.32% Reliance Jio Infocomm Ltd. (08-Jul-2021) ** CRISIL AAA 115 1,158.15 11.09
INE831R07201 0.00% Aditya Birla Housing Finance Ltd. (26-Jul-2021) ** IND AAA 103 1,143.92 10.96
INE261F08AL1 8.39% National Bank for Agriculture and Rural Development (19-Jul-2021) ** CRISIL AAA 112 1,143.75 10.96
INE020B07IW2 9.40% REC Ltd. (17-Jul-2021) ** CRISIL AAA 100 1,031.66 9.88
INE134E08DN3 9.70% Power Finance Corp. Ltd. (09-Jun-2021) ** CRISIL AAA 77 797.22 7.64
INE535H07AK8 0.00% Fullerton India Credit Co. Ltd. (15-Jul-2021) ** CRISIL AAA 70 768.18 7.36
INE027E07642 8.25% L&T Finance Ltd. (21-Jun-2021) ** CARE AAA 21 519.18 4.97
INE134E08ID3 8.05% Power Finance Corp. Ltd. (27-Apr-2021) ** CRISIL AAA 33 333.09 3.19
INE752E07MN5 8.40% Power Grid Corp. of India Ltd. (27-May-2021) ** CRISIL AAA 32 327.68 3.14
INE660A07PN1 0.00% Sundaram Finance Ltd. (15-Jun-2021) ** ICRA AAA 32 283.08 2.71
INE071G08940 8.22% ICICI Home Finance Co. Ltd. (27-May-2021) ** ICRA AAA 26 129.70 1.24
INE115A07MT0 7.88% LIC Housing Finance Ltd. (28-Jan-2021) ** CRISIL AAA 1 10.06 0.10
Total 9,970.82 95.52

Total 288.53 2.76
Totals 10,259.35 98.28
Net Assets 10,438.00 100.00

Note:
c) Average Maturity as on September 30,2019 1.72 Years

FRANKLIN INDIA FIXED MATURITY PLANS – SERIES 4 – PLAN A (1098 Days)
Debt Instruments
INE891K07390 0.00% Axis Finance Ltd. (14-Jun-2021) ** CRISIL AAA 99 1121.94 10.02
INE556F08JF7 8.50% Small Industries Development Bank Of India (21-Jun-2021) ** CARE AAA 100 1023.96 9.14
INE020B08AW7 7.73% REC Ltd. (15-Jun-2021) CRISIL AAA 100 1004.16 8.97
INE476M07BM9 8.80% L&T Housing Finance Ltd. (23-Jun-2021) ** CARE AAA 100 996.82 8.90
INE660A07PN1 0.00% Sundaram Finance Ltd. (15-Jun-2021) ** ICRA AAA 96 849.25 7.58
INE752E07MN5 8.40% Power Grid Corp of India Ltd. (27-May-2021) ** CRISIL AAA 67 686.09 6.13
INE053F09HR2 9.57% Indian Railway Finance Corp. Ltd. (31-May-2021) ** CRISIL AAA 46 480.64 4.29
INE134E08DN3 9.70% Power Finance Corp. Ltd. (09-Jun-2021) ** CRISIL AAA 23 238.14 2.13
Total 10,522.01 93.95

INE801J08019 7.48% Bennett Coleman And Co. Ltd. (26-Apr-2021) ** CRISIL AAA 37 368.13 3.29
Total 368.13 3.29
Totals 10,890.14 97.24
Net Assets 11,198.89 100.00

Note:
Direct Quarterly Dividend 0.2665 0.2468

FRANKLIN INDIA FIXED MATURITY PLANS - SERIES 3 - PLAN F (1098 Days)
Debt Instruments
INE031A08566 7.73% Housing and Urban Development Corp. Ltd. (15-Apr-2021) ** CARE AAA 100 1010.03 10.53
INE774D07SB3 8.10% Mahindra & Mahindra Financial Services Ltd. (19-Apr-2021) ** ICRA AAA 78 781.05 8.15
INE891K07390 0.00% Axis Finance Ltd. (14-Jun-2021) ** CRISIL AAA 50 566.64 5.91
INE556F08JD2 7.65% Small Industries Development Bank Of India (15-Apr-2021) ** CARE AAA 52 524.74 5.47
INE883A07174 10.09% MRF Ltd. (27-May-2021) ** CARE AAA 50 516.49 5.39
INE134E08DM5 9.18% Power Finance Corp. Ltd. (15-Apr-2021) ** CRISIL AAA 26 266.48 2.78
INE756I07BW1 0.00% HDB Financial Services Ltd. (06-Apr-2021) ** CRISIL AAA 21 239.67 2.50
INE115A07IO9 8.50% LIC Housing Finance Ltd. (05-Jan-2021) ** CRISIL AAA 1 10.14 0.11
Total 8237.66 85.90

INE244N07065 8.19% Mahindra Vehicle Manufactures Ltd. (23-Feb-2021) ** ICRA AAA 95 950.03 9.91
INE801J08019 7.48% Bennett Coleman And Co. Ltd. (26-Apr-2021) ** CRISIL AAA 3 29.85 0.31
Total 979.88 10.22
Totals 9217.54 96.12
Net Assets 9,590.02 100.00

Note:

FRANKLIN INDIA FIXED MATURITY PLANS - SERIES 3 - PLAN E (1104 Days)
in Lakhs) Assets
Debt Instruments
INE134E08JM2 7.75% Power Finance Corp. Ltd. (15-Apr-2021) ** CRISIL AAA 173 1,738.88 10.17
INE020B08AS5 7.70% REC Ltd. (15-Mar-2021) ** CRISIL AAA 161 1,616.11 9.45
INE556F08JD2 7.65% Small Industries Development Bank of India (15-Apr-2021) ** CARE AAA 150 1,513.66 8.85
INE031A08590 7.68% Housing and Urban Development Corp. Ltd. (05-Apr-2021) ** ICRA AAA 149 1,501.30 8.78
INE071G08940 8.22% ICICI Home Finance Co. Ltd. (27-May-2021) ** ICRA AAA 300 1,496.51 8.75
INE916DA7PO3 0.00% Kotak Mahindra Prime Ltd. (27-May-2021) ** CRISIL AAA 128 1,136.55 6.64
INE752E07MN5 8.40% Power Grid Corp. of India Ltd. (27-May-2021) ** CRISIL AAA 100 1,024.01 5.99
INE756I07BW1 0.00% HDB Financial Services Ltd. (06-Apr-2021) ** CRISIL AAA 89 1,015.73 5.94
INE261F08956 7.40% National Bank for Agriculture and Rural Development (01-Feb-2021) ** CRISIL AAA 50 502.15 2.94
INE774D07SB3 8.10% Mahindra & Mahindra Financial Services Ltd. (19-Apr-2021) ** ICRA AAA 22 220.30 1.29
Total 13,512.41 79.01

INE895D08899 8.25% Tata Sons Pvt Ltd. (24-Mar-2021) ** CRISIL AAA 150 1,501.58 8.78
INE244N07065 8.19% Mahindra Vehicle Manufactures Ltd. (23-Feb-2021) ** ICRA AAA 150 1,500.04 8.77
Total 3,021.52 17.67
Totals 16,533.93 96.68
Net Assets 17,102.62 100.00

Note:

in Lakhs) Assets
Debt Instruments
INE134E08JM2 7.75% Power Finance Corp. Ltd. (15-Apr-2021) ** CRISIL AAA 45 452.31 8.57
INE916DA7PI5 0.00% Kotak Mahindra Prime Ltd. (26-Apr-2021) ** CRISIL AAA 17 151.87 2.88
Total 4,602.99 87.20

Total 509.71 9.65
Totals 5,112.70 96.85
Net Assets 5,278.89 100.00

Note:

Debt Instruments
(a) Listed/awaiting listing on Stock Exchanges
INE377Y07029 0.00% Bajaj Housing Finance Ltd. (06-Apr-2021) ** CRISIL AAA 100 1,147.79 9.94
INE053F07AK6 7.65% Indian Railway Finance Corp. Ltd. (15-Mar-2021) ** CRISIL AAA 103 1,042.55 9.03
INE031A08566 7.73% Housing and Urban Development Corp. Ltd. (15-Apr-2021) ** CARE AAA 101 1,020.13 8.84
INE134E08JK6 7.73% Power Finance Corp. Ltd. (05-Apr-2021) ** CRISIL AAA 75 753.68 6.53
INE556F08JA8 7.52% Small Industries Development Bank of India (10-Feb-2021) ** CARE AAA 56 564.40 4.89
INE020B08AR7 7.60% REC Ltd. (17-Apr-2021) ** CRISIL AAA 8 80.16 0.69
INE752E07GX6 8.84% Power Grid Corp. of India Ltd. (29-Mar-2021) ** CRISIL AAA 3 38.55 0.33
Total 9,374.25 81.21

INE895D08881 8.25% Tata Sons Pvt. Ltd. (23-Mar-2021) ** CRISIL AAA 72 720.75 6.24
Total 1,720.78 14.91
Totals 11,095.03 96.12
Net Assets 11,543.35 100.00

Note:

Debt Instruments
INE296A07QB7 7.50% Bajaj Finance Ltd. (10-Aug-2020) ** CRISIL AAA 1 10.02 0.14
Total 5,482.94 78.23

Total 1,220.65 17.42
Totals 6,703.59 95.65
Net Assets 7,008.38 100.00

Note:

in Lakhs) Assets
Debt Instruments
INE115A07AL2 9.60% LIC Housing Finance Ltd. (07-Mar-2021) ** CRISIL AAA 50 514.77 6.64
INE031A08541 7.14% Housing and Urban Development Corp. Ltd. (22-Dec-2020) ** CARE AAA 1 10.02 0.13
Total 5,928.71 76.53

Total 1,470.12 18.98
Totals 7,398.83 95.51
Net Assets 7,746.56 100.00

Note:
b) Dividends declared during the Half-year ended September 30, 2019 NIL

Debt Instruments
INE031A08541 7.14% Housing and Urban Development Corp. Ltd. (22-Dec-2020) ** CARE AAA 87 871.91 9.02
INE756I07BU5 7.94% HDB Financial Services Ltd. (15-Apr-2021) ** CRISIL AAA 80 805.38 8.33
Total 7,653.46 79.18

Total 1,579.17 16.34
Totals 9,232.63 95.52
Net Assets 9,665.64 100.00

Note:
b) Aggregate Dividends declared during the Half-year ended September 30, 2019 :

in Lakhs) Assets
Debt Instruments
INE031A08541 7.14% Housing and Urban Development Corp. Ltd. (22-Dec-2020) ** CARE AAA 106 1,062.33 9.15
INE752E07NN3 8.13% Power Grid Corp. of India Ltd. (23-Apr-2021) ** CRISIL AAA 99 1,008.61 8.68
INE477A07274 7.64% Can Fin Homes Ltd. (28-Feb-2021) ** CARE AAA 100 983.04 8.46
INE115A07JB4 8.75% LIC Housing Finance Ltd. (12-Feb-2021) ** CARE AAA 50 508.92 4.38
INE115A07IO9 8.50% LIC Housing Finance Ltd. (05-Jan-2021) ** CRISIL AAA 49 496.63 4.28
Total 9,545.06 82.17

INE895D08725 7.85% Tata Sons Pvt. Ltd. (31-Jan-2021) ** CRISIL AAA 100 996.27 8.58
Total 1,553.44 13.37
Totals 11,098.50 95.54
Net Assets 11,615.73 100.00

Note:

Debt Instruments
INE031A08541 7.14% Housing and Urban Development Corp. Ltd. (22-Dec-2020) ** CARE AAA 156 1,563.43 8.84
INE733E07JZ5 8.33% NTPC Ltd. (24-Feb-2021) ** CRISIL AAA 150 1,530.41 8.66
INE477A07274 7.64% Can Fin Homes Ltd. (28-Feb-2021) ** CARE AAA 150 1,474.56 8.34
INE001A07OO9 8.75% Housing Development Finance Corp. Ltd. (04-Mar-2021) ** CRISIL AAA 14 1,425.67 8.06
INE134E07505 9.7% Power Finance Corp. Ltd. (30-Jan-2021) ** CRISIL AAA 100 1,028.69 5.82
INE537P07117 8.62% India Infradebt Ltd. (08-Mar-2021) ** CRISIL AAA 100 1,001.32 5.66
INE235P07167 8.70% L&T Infrastructure Debt Fund Ltd. (24-Feb-2021) ** CRISIL AAA 40 997.17 5.64
INE848E07419 8.78% NHPC Ltd. (11-Feb-2021) ** ICRA AAA 800 819.60 4.63
INE752E07ER3 9.47% Power Grid Corp. of India Ltd. (31-Mar-2021) ** CRISIL AAA 40 518.31 2.93
INE514E08951 9.15% Export-Import Bank of India (18-Mar-2021) ** CRISIL AAA 50 516.15 2.92
INE514E08928 9.15% Export-Import Bank of India (25-Feb-2021) ** CRISIL AAA 50 515.52 2.92
INE115A07LK1 7.80% LIC Housing Finance Ltd. (19-Mar-2020) ** CRISIL AAA 3 30.17 0.17
Total 13,791.38 78.00

INE895D08725 7.85% Tata Sons Pvt Ltd. (31-Jan-2021) ** CRISIL AAA 150 1,494.40 8.45
Total 2,994.44 16.94
Totals 16,785.82 94.94
Net Assets 17,681.29 100.00

Note:

in Lakhs) Assets
Debt Instruments
INE733E07CF2 8.78% NTPC Ltd. (09-Mar-2020) ** CRISIL AAA 20 202.19 8.17
INE134E08GX5 8.36% Power Finance Corp. Ltd. (26-Feb-2020) ** CRISIL AAA 20 201.34 8.13
INE053F07959 6.73% Indian Railway Finance Corp. Ltd. (23-Mar-2020) ** CRISIL AAA 19 190.65 7.70
INE514E08FK7 7.09% Export-Import Bank of India (02-Mar-2020) ** CRISIL AAA 3 30.11 1.22
Total 2,083.51 84.16

Total 220.94 8.92

Commercial Papers
INE134E14AL1 Power Finance Corp. Ltd. (06-Mar-2020) ** CARE A1+ 5 24.37 0.99
INE115A14BT9 LIC Housing Finance Ltd. (24-Mar-2020) ** CRISIL A1+ 5 24.29 0.98
Total 58.41 2.36
Totals 2,362.86 95.44
Net Assets 2,475.85 100.00

Note:
Quarterly Direct Dividend Plan 0.3458 0.3202

Debt Instruments
INE053F07959 6.73% Indian Railway Finance Corp. Ltd. (23-Mar-2020) ** CRISIL AAA 31 311.06 8.42
INE733E07CF2 8.78% NTPC Ltd. (09-Mar-2020) ** CRISIL AAA 30 303.29 8.21
INE134E08GX5 8.36% Power Finance Corp. Ltd. (26-Feb-2020) ** CRISIL AAA 30 302.02 8.17
INE514E08FK7 7.09% Export-Import Bank of India (02-Mar-2020) ** CRISIL AAA 6 60.22 1.63
Total 3,240.58 87.69

Total 220.94 5.98
Commercial Papers
INE115A14BT9 LIC Housing Finance Ltd (24-Mar-2020) ** CRISIL A1+ 8 38.86 1.05
INE134E14AL1 Power Finance Corp. Ltd. (06-Mar-2020) ** CARE A1+ 5 24.37 0.66
Total 77.86 2.11
Totals 3,539.38 95.78
Net Assets 3,695.49 100.00

Note:
Dividend Plan (Rs) 10.9107

TEMPLETON INDIA VALUE FUND^
INE092A01019 Tata Chemicals Ltd. Chemicals 340,000 2,002.43 4.04
INE860A01027 HCL Technologies Ltd. Software 170,000 1,837.02 3.71
INE522F01014 Coal India Ltd. Minerals/Mining 800,000 1,598.80 3.23
INE672A01018 Tata Investment Corp. Ltd. Finance 169,111 1,387.22 2.80
INE823G01014 JK Cement Ltd. Cement 130,000 1,365.45 2.76
INE062A01020 State Bank of India Banks 500,000 1,354.00 2.73
IN9155A01020 Tata Motors Ltd. (DVR) Auto 2,300,000 1,221.30 2.47
INE213A01029 Oil & Natural Gas Corp. Ltd. Oil 900,000 1,186.20 2.39
INE010B01027 Cadila Healthcare Ltd. Pharmaceuticals 500,000 1,166.50 2.36
INE205A01025 Vedanta Ltd. Non - Ferrous Metals 750,000 1,156.12 2.33
INE988K01017 Equitas Holdings Ltd. Finance 1,000,000 1,038.00 2.10
INE171A01029 The Federal Bank Ltd. Banks 1,100,000 994.40 2.01
INE192A01025 Tata Global Beverages Ltd. Consumer Non Durables 350,000 966.00 1.95
INE548C01032 Emami Ltd. Consumer Non Durables 300,000 955.80 1.93
INE572E01012 PNB Housing Finance Ltd. Finance 160,000 934.00 1.89
INE438A01022 Apollo Tyres Ltd. Auto Ancillaries 500,000 908.25 1.83
INE242A01010 Indian Oil Corp. Ltd. Petroleum Products 600,000 884.40 1.79
INE154A01025 ITC Ltd. Consumer Non Durables 300,000 779.55 1.57
INE825A01012 Vardhman Textiles Ltd. Textiles - Cotton 80,000 755.92 1.53
INE376G01013 Biocon Ltd. Pharmaceuticals 300,000 668.85 1.35
INE055A01016 Century Textiles & Industries Ltd. Cement 70,000 634.59 1.28
INE129A01019 GAIL (India) Ltd. Gas 440,000 591.80 1.19
INE891D01026 Redington (India) Ltd. Transportation 500,000 587.25 1.19
INE136B01020 Cyient Ltd. Software 120,000 558.42 1.13
INE139A01034 National Aluminium Co. Ltd. Non - Ferrous Metals 1,200,000 557.40 1.13
INE669E01016 Vodafone Idea Ltd. Telecom - Services 9,000,000 553.50 1.12
INE158A01026 Hero Motocorp Ltd. Auto 20,000 540.95 1.09
INE257A01026 Bharat Heavy Electricals Ltd. Industrial Capital Goods 1,000,000 484.00 0.98
INE738I01010 eClerx Services Ltd. Software 100,000 434.60 0.88
INE528G01027 Yes Bank Ltd. Banks 809,000 334.93 0.68
INE049A01027 Himatsingka Seide Ltd. Textile Products 200,000 286.40 0.58
INE064C01014 Trident Ltd. Textile Products 300,000 177.45 0.36
Total 46,347.77 93.60
Net Assets 49,515.17 100.00
Note:
NAV as on 31-Mar-2019 ##
c) Portfolio Turnover Ratio during the Half-year ended September 30, 2019 26.64%
^ Effective June 4, 2018, Templeton India Growth Fund was renamed as Templeton India Value Fund.
FRANKLIN INDIA TAXSHIELD
(Rs. in Lakhs Assets
INE040A01034 HDFC Bank Ltd. Banks 2,330,104 28,600.86 7.18
INE237A01028 Kotak Mahindra Bank Ltd. Banks 1,174,652 19,316.56 4.85
INE009A01021 Infosys Ltd. Software 1,820,979 14,670.72 3.68
INE047A01021 Grasim Industries Ltd. Cement 1,881,440 13,736.39 3.45
INE101A01026 Mahindra & Mahindra Ltd. Auto 2,059,699 11,269.64 2.83
INE094A01015 Hindustan Petroleum Corp. Ltd. Petroleum Products 2,993,270 9,030.70 2.27
INE149A01033 Cholamandalam Financial Holdings Ltd. Finance 1,338,759 6,557.91 1.65
INE030A01027 Hindustan Unilever Ltd. Consumer Non Durables 330,103 6,542.48 1.64
INE245A01021 Tata Power Co. Ltd. Power 10,124,428 6,327.77 1.59
INE062A01020 State Bank of India Banks 1,935,519 5,241.40 1.32
INE029A01011 Bharat Petroleum Corp. Ltd. Petroleum Products 1,114,279 5,238.23 1.31
INE280A01028 Titan Co. Ltd. Consumer Durables 399,808 5,089.76 1.28
INE531A01024 Kansai Nerolac Paints Ltd. Consumer Non Durables 907,174 4,762.21 1.20
INE572E01012 PNB Housing Finance Ltd. Finance
Hotels, Resorts & Other 804,303 4,695.12 1.18
INE053A01029 Indian Hotels Co. Ltd. Recreational Activities 2,923,868 4,672.34 1.17
INE854D01024 United Spirits Ltd. Consumer Non Durables 646,279 4,310.68 1.08
INE226A01021 Voltas Ltd. Consumer Durables 600,000 4,077.30 1.02
INE917I01010 Bajaj Auto Ltd. Auto 137,369 4,041.12 1.01
INE536H01010 Mahindra CIE Automotive Ltd. Industrial Products
Hotels, Resorts & Other 2,216,044 3,696.36 0.93
INE970X01018 Lemon Tree Hotels Ltd. Recreational Activities 6,320,734 3,605.98 0.90
INE129A01019 GAIL India Ltd. Gas 2,292,178 3,082.98 0.77
INE647O01011 Aditya Birla Fashion and Retail Ltd. Retailing 1,075,124 2,272.27 0.57
INE199G01027 Jagran Prakashan Ltd. Media & Entertainment 3,057,159 1,958.11 0.49
INE049A01027 Himatsingka Seide Ltd. Textile Products 1,278,633 1,831.00 0.46
INE136B01020 Cyient Ltd. Software 381,063 1,773.28 0.45
INE517F01014 Gujarat Pipavav Port Ltd. Transportation 1,774,842 1,528.14 0.38
INE494B01023 TVS Motor Co. Ltd. Auto 265,282 1,119.49 0.28
IN9155A01020 Tata Motors Ltd. (DVR) Auto 1,791,828 951.46 0.24
INE752H01013 Care Ratings Ltd. Finance 160,000 829.60 0.21
INE836F01026 Dish TV India Ltd. Media & Entertainment 2,436,728 442.27 0.11
Total 361,826.71 90.81
(b)Unlisted***
INE671B01018 Globsyn Technologies Ltd.** Software 30,000 0.00 0.00*
INE696201123 Quantum Information Services** Services 3,500 0.00 0.00*
Total 0.00 0.00
Totals 361,826.71 90.81
Net Assets 398,461.56 100.00

** Non - Traded/Thinly Traded Securities * Less than 0.01%
Note:
c) Portfolio Turnover Ratio during the Half-year September 30, 2019 7.55%
d) *** Total value and percentage of illiquid securities Rs.0.00 Lakhs and less than 0.000001% of net

FRANKLIN INDIA SMALLER COMPANIES FUND
INE791I01019 Brigade Enterprises Ltd. Construction 9,601,987 20,677.88 2.95
INE226A01021 Voltas Ltd. Consumer Durables 2,521,141 17,132.41 2.45
INE288B01029 Deepak Nitrite Ltd. Chemicals 5,678,251 16,969.45 2.42
INE317F01035 Nesco Ltd. Commercial Services 2,824,663 16,546.88 2.36
INE668F01031 Jyothy Laboratories Ltd. Consumer Non Durables 9,613,765 16,232.84 2.32
INE235A01022 Finolex Cables Ltd. Industrial Products 4,112,021 15,966.98 2.28
INE825A01012 Vardhman Textiles Ltd. Textiles - Cotton 1,655,675 15,644.47 2.23
INE100A01010 Atul Ltd. Chemicals 385,642 15,413.34 2.20
INE136B01020 Cyient Ltd. Software 3,303,552 15,373.08 2.19
INE572A01028 J.B. Chemicals & Pharmaceuticals Ltd. Pharmaceuticals 3,967,669 14,704.18 2.10
INE463A01038 Berger Paints India Ltd. Consumer Non Durables 3,336,449 14,506.88 2.07
INE600L01024 Dr. Lal Path Labs Ltd. Healthcare Services 1,015,671 14,145.76 2.02
INE671H01015 Sobha Ltd. Construction 2,829,248 13,837.85 1.98
INE970X01018 Lemon Tree Hotels Ltd. Hotels, Resorts & Other Recreational Activities 22,803,405 13,009.34 1.86
INE635Q01029 Gulf Oil Lubricants India Ltd. Petroleum Products 1,497,004 12,911.66 1.84
INE503A01015 DCB Bank Ltd. Banks 6,349,096 12,399.78 1.77
INE060A01024 Navneet Education Ltd. Media & Entertainment 10,968,971 11,978.12 1.71
INE612J01015 Repco Home Finance Ltd. Finance 3,615,705 11,295.46 1.61
INE217B01036 Kajaria Ceramics Ltd. Construction 1,980,000 10,873.17 1.55
INE985S01024 TeamLease Services Ltd. Commercial Services 358,284 10,837.91 1.55
INE491A01021 City Union Bank Ltd. Banks 4,731,960 10,346.43 1.48
INE739E01017 Cera Sanitaryware Ltd. Construction 387,398 10,308.27 1.47
INE183A01016 Finolex Industries Ltd. Industrial Products 1,641,126 9,780.29 1.40
INE930H01023 K.P.R Mill Ltd. Textile Products 1,733,776 9,533.17 1.36
INE036D01028 Karur Vysya Bank Ltd. Banks 15,898,917 9,499.60 1.36
INE472A01039 Blue Star Ltd. Consumer Durables 1,179,658 9,452.01 1.35
INE758C01029 Ahluwalia Contracts India Ltd. Construction 3,223,420 9,065.87 1.29
INE054A01027 VIP Industries Ltd. Consumer Durables 1,860,158 8,916.67 1.27
INE338I01027 Motilal Oswal Financial Services Ltd. Finance 1,324,301 8,576.84 1.22
INE513A01014 Schaeffler India Ltd. Industrial Products 190,105 8,314.91 1.19
INE120A01034 Carborundum Universal Ltd. Industrial Products 2,742,883 8,242.36 1.18
INE406M01024 Eris Lifesciences Ltd. Pharmaceuticals 1,804,654 8,142.60 1.16
INE421D01022 CCL Products (India) Ltd. Consumer Non Durables 3,326,356 7,959.97 1.14
INE539A01019 GHCL Ltd. Chemicals 3,536,227 7,459.67 1.07
INE613A01020 Rallis India Ltd. Pesticides 4,183,258 7,406.46 1.06
INE152M01016 Triveni Turbine Ltd. Industrial Capital Goods 7,144,476 7,394.53 1.06
INE919I01024 Music Broadcast Ltd. Media & Entertainment 19,537,175 7,355.75 1.05
INE019C01026 Himadri Speciality Chemicals Ltd. Chemicals 8,939,564 7,241.05 1.03
INE038F01029 TV Today Network Ltd. Media & Entertainment 2,310,543 7,183.48 1.03
INE786A01032 JK Lakshmi Cement Ltd. Cement 2,345,030 7,111.30 1.02
INE081A01012 Tata Steel Ltd. Ferrous Metals 1,852,195 6,677.16 0.95
INE634I01029 KNR Constructions Ltd. Construction 2,805,627 6,486.61 0.93
INE442H01029 Ashoka Buildcon Ltd. Construction Project 6,313,159 6,149.02 0.88
INE738I01010 eClerx Services Ltd. Software 1,410,319 6,129.25 0.88
INE455K01017 Polycab India Ltd. Industrial Products 872,796 5,982.58 0.85
INE049A01027 Himatsingka Seide Ltd. Textile Products 4,031,266 5,772.77 0.82
INE131A01031 Gujarat Mineral Development Corp. Ltd. Minerals/Mining 9,028,098 5,529.71 0.79
INE752H01013 Care Ratings Ltd. Finance 1,054,044 5,465.22 0.78
INE285K01026 Techno Electric & Engineering Co. Ltd. Construction Project 1,993,014 5,281.49 0.75
INE227C01017 MM Forgings Ltd. Industrial Products 1,196,703 5,087.18 0.73
INE269B01029 Lakshmi Machine Works Ltd. Industrial Capital Goods 136,518 4,999.97 0.71
INE115A01026 LIC Housing Finance Ltd. Finance 1,324,002 4,986.85 0.71
INE999B01013 Sanghi Industries Ltd. Cement 8,589,475 4,380.63 0.63
INE399G01015 Ramkrishna Forgings Ltd. Industrial Products 1,349,476 4,213.06 0.60
INE974X01010 Tube Investments of India Ltd. Auto Ancillaries 1,000,000 3,841.00 0.55
INE669E01016 Vodafone Idea Ltd. Telecom - Services 57,427,461 3,531.79 0.50
INE075I01017 Healthcare Global Enterprises Ltd. Healthcare Services 2,979,897 3,310.67 0.47
INE274V01019 Shankara Building Products Ltd. Ferrous Metals 970,012 3,181.15 0.45
INE501G01024 HT Media Ltd. Media & Entertainment 11,046,869 2,419.26 0.35
INE932A01024 Pennar Industries Ltd. Ferrous Metals 8,689,354 2,415.64 0.35
INE213C01025 Banco Products India Ltd. Auto Ancillaries 1,918,887 1,994.68 0.28
INE528G01027 Yes Bank Ltd. Banks 3,412,332 1,412.72 0.20
INE834I01025 Khadim India Ltd. Consumer Durables 521,646 1,088.41 0.16
INE955V01021 Arvind Fashions Ltd. Retailing 224,349 976.26 0.14
INE265F01028 Entertainment Network India Ltd. Media & Entertainment 229,605 774.34 0.11
INE03JI01017 Digicontent Ltd. Media & Entertainment 1,935,222 114.18 0.02
INE429I01024 Consolidated Construction Consortium Ltd. Construction 2,334,565 15.17 0.00*
Total 663,202.71 94.68
Net Assets 700,497.38 100.00

* Less than 0.01%
Note:

FRANKLIN INDIA OPPORTUNITIES FUND
INE238A01034 Axis Bank Ltd. Banks 485,782 3,327.61 5.89
INE663F01024 Info Edge (India) Ltd. Software 126,574 2,558.25 4.53
INE090A01021 ICICI Bank Ltd. Banks 528,372 2,291.55 4.05
INE029A01011 Bharat Petroleum Corp. Ltd. Petroleum Products 397,644 1,869.32 3.31
INE021A01026 Asian Paints Ltd. Consumer Non Durables 101,394 1,786.71 3.16
INE018A01030 Larsen & Toubro Ltd. Construction Project 116,490 1,717.35 3.04
INE342J01019 Wabco India Ltd. Auto Ancillaries 27,179 1,708.54 3.02
INE486A01013 CESC Ltd. Power 183,307 1,367.56 2.42
INE442H01029 Ashoka Buildcon Ltd. Construction Project 1,262,673 1,229.84 2.18
INE242A01010 Indian Oil Corp. Ltd. Petroleum Products 752,083 1,108.57 1.96
INE612J01015 Repco Home Finance Ltd. Finance 248,911 777.60 1.38
INE285B01017 SpiceJet Ltd. Transportation 580,358 726.03 1.28
INE813H01021 Torrent Power Ltd. Power 244,622 703.29 1.24
INE264A01014 GlaxoSmithKline Consumer Healthcare Ltd. Consumer Non Durables 7,836 668.32 1.18
INE435A01028 International Paper APPM Ltd. Paper 166,757 609.33 1.08
INE202Z01029 Sundaram Finance Holdings Ltd. Finance 593,597 429.47 0.76
INE029L01018 Kalyani Investment Co. Ltd. Finance 12,795 221.90 0.39
INE955V01021 Arvind Fashions Ltd. Retailing 32,642 142.04 0.25
INE425Y01011 CESC Ventures Ltd. Software 36,661 138.63 0.24
Total 53,644.31 94.89
(b) Unlisted***
Brillio Technologies Pvt. Ltd.** Software 489,000 0.05 0.00*
Chennai Interactive Business Services Pvt Ltd.** Software 23,815 0.00 0.00*
Total 0.07 0.00
Totals 53,644.38 94.89
Net Assets 56,532.67 100.00

** Non - Traded/Thinly Traded Securities * Less than 0.01%
Note:
d) *** Total value and percentage of illiquid securities Rs.0.07 Lakhs and 0.0001% of net assets.

FRANKLIN INDIA EQUITY FUND^
ISIN Number Name of the Instrument Industry Classification Quantity Market Value (Rs. % to Net
in Lakhs) Assets
INE018A01030 Larsen & Toubro Ltd. Construction Project 2,500,000 36,856.25 3.42
INE860A01027 HCL Technologies Ltd. Software 3,000,000 32,418.00 3.01
INE686F01025 United Breweries Ltd. Consumer Non Durables 1,760,000 23,709.84 2.20
INE669C01036 Tech Mahindra Ltd. Software 3,200,000 22,864.00 2.13
INE196A01026 Marico Ltd. Consumer Non Durables 5,700,000 22,472.25 2.09
INE016A01026 Dabur India Ltd. Consumer Non Durables 5,000,000 22,362.50 2.08
INE326A01037 Lupin Ltd. Pharmaceuticals 2,800,000 20,039.60 1.86
INE012A01025 ACC Ltd. Cement 1,200,000 19,297.80 1.79
INE494B01023 TVS Motor Co. Ltd. Auto 3,949,172 16,665.51 1.55
INE010B01027 Cadila Healthcare Ltd. Pharmaceuticals 7,000,000 16,331.00 1.52
INE044A01036 Sun Pharmaceutical Industries Ltd. Pharmaceuticals 3,200,000 12,462.40 1.16
INE668F01031 Jyothy Laboratories Ltd. Consumer Non Durables 7,300,000 12,326.05 1.15
INE001A01036 Housing Development Finance Corp. Ltd. Finance 600,000 11,862.30 1.10
INE183A01016 Finolex Industries Ltd. Industrial Products 1,800,000 10,727.10 1.00
INE465A01025 Bharat Forge Ltd. Industrial Products 2,400,000 10,712.40 1.00
INE152A01029 Thermax Ltd. Industrial Capital Goods 900,000 10,151.10 0.94
INE129A01019 GAIL (India) Ltd. Gas 7,200,000 9,684.00 0.90
INE797F01012 Jubilant Foodworks Ltd. Consumer Non Durables 700,000 9,515.80 0.88
INE055A01016 Century Textiles & Industries Ltd. Cement 1,000,000 9,065.50 0.84
INE298A01020 Cummins India Ltd. Industrial
Hotels, Products
Resorts & Other 1,452,900 8,322.21 0.77
INE053A01029 The Indian Hotels Co. Ltd. Recreational Activities 5,200,000 8,309.60 0.77
INE955V01021 Arvind Fashions Ltd. Retailing 1,302,410 5,667.44 0.53
INE674K01013 Aditya Birla Capital Ltd. Finance 6,500,000 5,515.25 0.51
INE438A01022 Apollo Tyres Ltd. Auto Ancillaries 3,000,000 5,449.50 0.51
INE854D01024 United Spirits Ltd. Consumer Non Durables 700,000 4,669.00 0.43
INE299U01018 Crompton Greaves Consumer Electricals Ltd. Consumer Durables 1,500,000 3,754.50 0.35
INE067A01029 CG Power and Industrial Solutions Ltd. Industrial Capital Goods 22,000,000 3,113.00 0.29
INE034A01011 Arvind Ltd. Textile Products 6,000,000 2,877.00 0.27
INE208A01029 Ashok Leyland Ltd. Auto 4,000,000 2,748.00 0.26
INE763G01038 ICICI Securities Ltd. Finance 400,000 1,114.20 0.10
INE462A01022 Bayer Cropscience Ltd. Pesticides 14,235 477.05 0.05
Total 1,015,905.88 94.40
(b)Unlisted***
Quantum Information Systems** Software 45,000 0.00 0.00*
Total 0.01 0.00
Totals 1,015,905.89 94.40
Net Assets 1,076,197.37 100.00

** Non - Traded/Thinly Traded Scrips * Less than 0.01%
Note:
d) *** Total value and percentage of illiquid securities Rs.0.01 Lakhs and 0.000001% of net
assets.
^ Effective June 4, 2018, Franklin India Prima Plus was renamed as Franklin India Equity Fund.
FRANKLIN BUILD INDIA FUND
in Lakhs) Assets
INE238A01034 Axis Bank Ltd. Banks 800,000 5,480.00 4.48
INE481G01011 UltraTech Cement Ltd. Cement 110,000 4,775.38 3.91
INE878B01027 KEI Industries Ltd. Industrial Products 860,000 4,673.24 3.82
INE012A01025 ACC Ltd. Cement 250,000 4,020.37 3.29
INE285B01017 SpiceJet Ltd. Transportation 2,500,000 3,127.50 2.56
INE213A01029 Oil & Natural Gas Corp. Ltd. Oil 2,300,000 3,031.40 2.48
INE671H01015 Sobha Ltd. Construction 590,000 2,885.69 2.36
INE786A01032 JK Lakshmi Cement Ltd. Cement 825,000 2,501.81 2.05
INE774D01024 Mahindra & Mahindra Financial Services Ltd. Finance 600,000 1,968.00 1.61
INE235A01022 Finolex Cables Ltd. Industrial Products 500,000 1,941.50 1.59
INE349A01021 NRB Bearing Ltd. Industrial Products 1,600,000 1,668.00 1.37
INE139A01034 National Aluminium Co. Ltd. Non - Ferrous Metals 3,500,000 1,625.75 1.33
INE111A01025 Container Corp. of India Ltd. Transportation 225,000 1,360.69 1.11
INE038A01020 Hindalco Industries Ltd. Non - Ferrous Metals 700,000 1,339.45 1.10
INE323I01011 Puravankara Ltd. Construction 2,000,000 1,287.00 1.05
INE227C01017 MM Forgings Ltd. Industrial Products 250,000 1,062.75 0.87
INE686A01026 ITD Cementation India Ltd. Construction 2,100,000 1,051.05 0.86
INE355A01028 Somany Ceramics Ltd. Construction 550,000 1,039.50 0.85
INE160A01022 Punjab National Bank Banks 1,100,000 681.45 0.56
INE470Y01017 The New India Assurance Co. Ltd. Finance 600,000 656.10 0.54
INE871K01015 Hindustan Media Ventures Ltd. Media & Entertainment 400,000 317.60 0.26
Total 113,526.15 92.91
Net Assets 122,191.18 100.00
Note:
a) NAV at the beginning and at the end of the Half-year ended Septermber 30, 2019

FRANKLIN INDIA INDEX FUND - NSE NIFTY PLAN
ISIN Number Name of the Instrument Industry Classification / Quantity Market Value % to Net
Rating (Rs. in Lakhs) Assets
INE002A01018 Reliance Industries Ltd. Petroleum Products 198,466 2,644.06 9.48
INE001A01036 Housing Development Finance Corp. Ltd. Finance 99,727 1,971.65 7.07
INE154A01025 ITC Ltd. Consumer Non Durables 497,570 1,292.94 4.64
INE467B01029 Tata Consultancy Services Ltd. Software 60,916 1,278.81 4.58
INE030A01027 Hindustan Unilever Ltd. Consumer Non Durables 41,418 820.88 2.94
INE296A01024 Bajaj Finance Ltd. Finance 13,784 557.71 2.00
INE585B01010 Maruti Suzuki India Ltd. Auto 7,705 517.45 1.86
INE021A01026 Asian Paints Ltd. Consumer Non Durables 26,138 460.59 1.65
INE095A01012 IndusInd Bank Ltd. Banks 31,506 435.90 1.56
INE860A01027 HCL Technologies Ltd. Software 31,454 339.89 1.22
INE280A01028 Titan Co. Ltd. Consumer Durables 24,192 307.98 1.10
INE918I01018 Bajaj Finserv Ltd. Finance 3,505 298.38 1.07
INE733E01010 NTPC Ltd. Power 252,418 296.59 1.06
INE239A01016 Nestle India Ltd. Consumer Non Durables 2,075 288.21 1.03
INE481G01011 UltraTech Cement Ltd. Cement 6,050 262.65 0.94
INE669C01036 Tech Mahindra Ltd. Software 36,482 260.66 0.93
INE044A01036 Sun Pharmaceuticals Industries Ltd. Pharmaceuticals 63,990 249.21 0.89
INE213A01029 Oil & Natural Gas Corp. Ltd. Oil 182,347 240.33 0.86
INE075A01022 Wipro Ltd. Software 86,968 208.55 0.75
INE522F01014 Coal India Ltd. Minerals/Mining 103,619 207.08 0.74
INE158A01026 Hero Motocorp Ltd. Auto 7,525 203.53 0.73
INE216A01030 Britannia Industries Ltd. Consumer Non Durables 6,826 200.97 0.72
INE628A01036 UPL Ltd. Pesticides 31,893 192.62 0.69
INE742F01042 Adani Ports And Special Economic Zone Ltd. Transportation 44,934 186.00 0.67
INE205A01025 Vedanta Ltd. Non - Ferrous Metals 105,604 162.79 0.58
INE081A01012 Tata Steel Ltd. Ferrous Metals 43,759 157.75 0.57
INE066A01013 Eicher Motors Ltd. Auto 805 143.01 0.51
INE019A01038 JSW Steel Ltd. Ferrous Metals 58,861 135.35 0.49
INE121J01017 Bharti Infratel Ltd. Telecom - Equipment & Accessories 49,329 126.92 0.46
INE059A01026 Cipla Ltd. Pharmaceuticals 29,430 125.23 0.45
INE256A01028 Zee Entertainment Enterprises Ltd. Media & Entertainment 34,580 91.81 0.33
Total 27,298.78 97.87
Debt Instruments
INE216A07052 8.00% Britannia Industries Ltd (28-Aug-2022) ** CRISIL AAA 6,775 2.02 0.01
Total 2.02 0.01
Totals 27,300.80 97.88
Net Assets 27,893.00 100.00

Note:

FRANKLIN INDIA EQUITY ADVANTAGE FUND^
INE053A01029 The Indian Hotels Co. Ltd. Hotels, Resorts 4,317,530 6,899.41 2.69
INE531A01024 Kansai Nerolac Paints Ltd. & Other Recreational
Consumer Non Durables 1,312,320 6,889.02 2.69
INE169A01031 Coromandel International Ltd. Fertilisers 1,461,291 6,070.20 2.37
INE572E01012 PNB Housing Finance Ltd. Finance 874,063 5,102.34 1.99
INE486A01013 CESC Ltd. Power 580,784 4,332.94 1.69
INE437A01024 Apollo Hospitals Enterprise Ltd. Healthcare Services 297,232 4,147.87 1.62
INE536H01010 Mahindra CIE Automotive Ltd. Industrial Products 2,417,000 4,031.56 1.57
INE055A01016 Century Textiles & Industries Ltd. Cement 397,199 3,600.81 1.40
INE171A01029 The Federal Bank Ltd. Banks 3,780,054 3,417.17 1.33
INE970X01018 Lemon Tree Hotels Ltd. Hotels, Resorts 5,150,797 2,938.53 1.15
INE787D01026 Balkrishna Industries Ltd. & Other
Auto Recreational
Ancillaries 357,387 2,774.22 1.08
INE298A01020 Cummins India Ltd. Industrial Products 407,593 2,334.69 0.91
INE647O01011 Aditya Birla Fashion and Retail Ltd. Retailing 952,563 2,013.24 0.79
INE562A01011 Indian Bank Banks 1,565,268 1,961.28 0.76
INE192A01025 Tata Global Beverages Ltd. Consumer Non Durables 664,248 1,833.32 0.71
INE811K01011 Prestige Estates Projects Ltd. Construction 530,322 1,531.57 0.60
INE930H01023 K.P.R. Mill Ltd. Textile Products 269,296 1,480.72 0.58
INE836F01026 Dish TV India Ltd. Media & Entertainment 4,997,148 906.98 0.35
INE020801028 Spencer's Retail Ltd. Retailing 348,470 256.30 0.10
Total 243,899.36 95.11
Foreign Equity Securities

US1924461023 Cognizant Technology Solutions Corp. Software 60,000 2,493.76 0.97
Total 2,493.76 0.97
Totals 246,393.12 96.08
Net Assets 256,451.91 100.00
Note:
^ Effective June 4, 2018, Franklin India Flexi Cap Fund was renamed as Franklin India Equity Advantage Fund.
FRANKLIN INDIA BLUECHIP FUND
in Lakhs) Assets
INE089A01023 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1,000,000 27,022.50 3.94
INE123W01016 SBI Life Insurance Co. Ltd. Finance 3,000,000 25,392.00 3.71
INE860A01027 HCL Technologies Ltd. Software 2,000,000 21,612.00 3.15
INE646L01027 InterGlobe Aviation Ltd. Transportation 900,000 17,006.85 2.48
INE326A01037 Lupin Ltd. Pharmaceuticals 1,929,484 13,809.32 2.02
INE079A01024 Ambuja Cements Ltd. Cement 5,500,000 11,217.25 1.64
INE298A01020 Cummins India Ltd. Industrial Products 1,400,000 8,019.20 1.17
INE726G01019 ICICI Prudential Life Insurance Co. Ltd. Finance 500,000 2,317.50 0.34
INE774D01024 Mahindra & Mahindra Financial Services Ltd. Finance 500,000 1,640.00 0.24
Total 616,228.60 89.94

Total 14,546.91 2.12
Totals 630,775.51 92.06
Net Assets 685,152.38 100.00
Note:

FRANKLIN INDIA PRIMA FUND
INE531A01024 Kansai Nerolac Paints Ltd. Consumer Non Durables 4,445,770 23,338.07 3.25
INE491A01021 City Union Bank Ltd. Banks 9,688,196 21,183.24 2.95
INE331A01037 Ramco Cements Ltd. Cement
Hotels, Resorts & Other 2,744,401 20,635.15 2.87
INE053A01029 The Indian Hotels Co. Ltd. Recreational Activities 11,970,763 19,129.28 2.66
INE092A01019 Tata Chemicals Ltd. Chemicals 2,956,964 17,415.04 2.42
INE640A01023 SKF India Ltd. Industrial Products 783,689 16,860.29 2.35
INE235A01022 Finolex Cables Ltd. Industrial Products 4,145,052 16,095.24 2.24
INE976G01028 RBL Bank Ltd. Banks 4,634,341 15,240.03 2.12
INE299U01018 Crompton Greaves Consumer Electricals Ltd. Consumer Durables 6,026,546 15,084.45 2.10
INE342J01019 Wabco India Ltd. Auto Ancillaries 231,404 14,546.63 2.02
INE813H01021 Torrent Power Ltd. Power 4,803,909 13,811.24 1.92
INE603J01030 PI Industries Ltd. Pesticides 1,056,114 13,803.94 1.92
INE093I01010 Oberoi Realty Ltd. Construction 2,706,125 13,736.29 1.91
INE494B01023 TVS Motor Co. Ltd. Auto 3,188,985 13,457.52 1.87
INE660A01013 Sundaram Finance Ltd. Finance 794,058 12,955.06 1.80
INE823G01014 JK Cement Ltd. Cement 1,217,476 12,787.76 1.78
INE263A01024 Bharat Electronics Ltd. Industrial Capital Goods 11,587,252 12,548.99 1.75
INE849A01020 Trent Ltd. Retailing 2,569,496 12,433.79 1.73
INE264A01014 GlaxoSmithKline Consumer Healthcare Ltd. Consumer Non Durables 145,389 12,400.08 1.73
INE169A01031 Coromandel International Ltd. Fertilisers 2,936,685 12,198.99 1.70
INE486A01013 CESC Ltd. Power 1,629,004 12,153.18 1.69
INE548C01032 Emami Ltd. Consumer Non Durables 3,695,000 11,772.27 1.64
INE572E01012 PNB Housing Finance Ltd. Finance 1,833,648 10,703.92 1.49
INE437A01024 Apollo Hospitals Enterprise Ltd. Healthcare Services 762,865 10,645.78 1.48
INE465A01025 Bharat Forge Ltd. Industrial Products 2,371,940 10,587.15 1.47
INE212H01026 AIA Engineering Ltd. Industrial Products 590,261 10,530.55 1.46
INE217B01036 Kajaria Ceramics Ltd. Construction 1,743,720 9,575.64 1.33
INE769A01020 Aarti Industries Ltd. Chemicals 1,002,148 8,024.20 1.12
INE298A01020 Cummins India Ltd. Industrial Products 1,351,671 7,742.37 1.08
INE115A01026 LIC Housing Finance Ltd. Finance 1,928,752 7,264.64 1.01
INE058A01010 Sanofi India Ltd. Pharmaceuticals 120,666 7,093.53 0.99
INE462A01022 Bayer Cropscience Ltd. Pesticides 191,626 6,421.87 0.89
INE685A01028 Torrent Pharmaceuticals Ltd. Pharmaceuticals 302,781 5,048.57 0.70
INE211B01039 The Phoenix Mills Ltd. Construction 419,004 2,922.34 0.41
INE955V01021 Arvind Fashions Ltd. Retailing 354,712 1,543.53 0.21
INE425Y01011 CESC Ventures Ltd. Software 325,800 1,232.01 0.17
INE294Z01018 The Anup Engineering Ltd. Industrial Capital Goods 65,687 304.72 0.04
INE202Z01029 Sundaram Finance Holdings Ltd. Finance 376,519 272.41 0.04
INE09EO01013 Aarti Surfactants Ltd.# Chemicals 50,107 238.26 0.03
INE387A01021 Sundram Fasteners Ltd. Auto Ancillaries 21,109 100.16 0.01
Total 664,074.88 92.38
(b)Unlisted***
Total 0.00 0.00

MU0295S00016 MakeMyTrip Ltd. Software 140,468 2,277.65 0.32
Total 2,277.65 0.32
Totals 666,352.53 92.70
Net Assets 718,799.99 100.00

# Awaiting Listing * Less than 0.01%
** Non - Traded/Thinly Traded Securities
Note:

FRANKLIN INDIA FOCUSED EQUITY FUND^
INE089A01023 Dr. Reddy's Laboratories Ltd. Pharmaceuticals 1,225,000 33,102.56 3.96
INE123W01016 SBI Life Insurance Co. Ltd. Finance 3,800,000 32,163.20 3.85
INE878B01027 KEI Industries Ltd. Industrial Products 4,022,005 21,855.57 2.62
INE358A01014 Abbott India Ltd. Pharmaceuticals 200,000 21,193.10 2.54
INE285B01017 SpiceJet Ltd. Transportation 16,828,265 21,052.16 2.52
INE671H01015 Sobha Ltd. Construction 3,968,694 19,410.88 2.32
IN9155A01020 Tata Motors Ltd., DVR Auto 29,000,000 15,399.00 1.84
INE987B01026 Natco Pharma Ltd. Pharmaceuticals 2,600,000 15,130.70 1.81
INE876N01018 Orient Cement Ltd. Cement 12,776,990 11,480.13 1.37
INE686A01026 ITD Cementation India Ltd. Construction 15,000,000 7,507.50 0.90
INE355A01028 Somany Ceramics Ltd. Construction 3,200,000 6,048.00 0.72
INE373A01013 BASF India Ltd. Chemicals 525,000 5,259.98 0.63
Total 731,060.98 87.52

Total 21,820.37 2.61
Totals 752,881.35 90.13
Net Assets 835,360.05 100.00
Note:
b) Aggregaye Dividends declared during the Half-year ended September 30, 2019:
^ Effective June 4, 2018, Franklin India High Growth Companies Fund was renamed as Franklin India Focused Equity Fund.
TEMPLETON INDIA EQUITY INCOME FUND
INE183A01016 Finolex Industries Ltd. Industrial Products 419,757 2,501.54 2.78
INE522F01014 Coal India Ltd. Minerals/Mining 1,247,000 2,492.13 2.77
INE347G01014 Petronet LNG Ltd. Gas 953,388 2,477.87 2.75
INE672A01018 Tata Investment Corp. Ltd. Finance 284,585 2,334.45 2.59
INE891D01026 Redington (India) Ltd. Transportation 1,517,846 1,782.71 1.98
INE171A01029 The Federal Bank Ltd. Banks 1,505,600 1,361.06 1.51
INE825A01012 Vardhman Textiles Ltd. Textiles - Cotton 136,944 1,293.98 1.44
INE00R701025 Dalmia Bharat Ltd. Cement 140,800 1,158.22 1.29
INE376G01013 Biocon Ltd. Pharmaceuticals 494,940 1,103.47 1.22
INE139A01034 National Aluminium Co. Ltd. Non - Ferrous Metals 2,209,748 1,026.43 1.14
INE213A01029 Oil & Natural Gas Corp. Ltd. Oil 753,071 992.55 1.10
INE263A01024 Bharat Electronics Ltd. Industrial Capital Goods 821,499 889.68 0.99
INE208A01029 Ashok Leyland Ltd. Auto 1,239,545 851.57 0.94
INE930H01023 K.P.R Mill Ltd. Textile Products 130,842 719.43 0.80
IN9155A01020 Tata Motors Ltd. (DVR) Auto 1,158,906 615.38 0.68
INE017A01032 The Great Eastern Shipping Co. Ltd. Transportation 100,000 280.20 0.31
Total 62,483.43 69.35
(b) Units of Real Estate Investment Trusts (REITs)

INE041025011 Embassy Office Parks REIT 439,200 1,763.56 1.96
Total 1,763.56 1.96
Foreign Securities
KYG9829N1025 Xinyi Solar Holdings Ltd. Industrial Capital Goods 8,075,983 3,425.10 3.80
AEA002301017 Aramex PJSC Transportation 2,562,198 1,978.96 2.20
GB00BF5SDZ96 Stock Spirits Group PLC Consumer Non Durables 851,378 1,720.28 1.91
BRLEVEACNOR2 Mahle-Metal Leve SA Auto Ancillaries 340,000 1,386.45 1.54
BMG570071099 Luye Pharma Group Ltd. Pharmaceuticals 2,678,400 1,351.04 1.50
KYG4387E1070 Health & Happiness H&H International Holdings Ltd. Consumer Non Durables 440,700 1,314.30 1.46
KYG982771092 Xtep International Holdings Ltd. Consumer Durables 3,204,100 1,225.89 1.36
BMG2442N1048 COSCO Shipping Ports Ltd. Transportation 2,017,335 1,139.55 1.27
KR7086900008 Medy-tox Inc. Pharmaceuticals 5,150 1,094.41 1.21
TW0004126008 Pacific Hospital Supply Co. Ltd. Pharmaceuticals 500,000 983.33 1.09
CNE1000004J3 TravelSky Technology Ltd., H Software 633,055 929.98 1.03
TW0003034005 Novatek Microelectronics Corp. Ltd. Semiconductors 187,038 758.70 0.84
TW0001565000 St. Shine Optical Co. Ltd. Pharmaceuticals 70,700 713.74 0.79
TH0999010Z11 TISCO Financial Group PCL, fgn. Banks 300,000 711.27 0.79
TW0004915004 Primax Electronics Ltd. Hardware 500,000 673.40 0.75
BMG4977W1038 I.T Ltd. Retailing 2,826,000 555.91 0.62
US30712A1034 Fanhua Inc., ADR Finance 25,000 462.85 0.51
HK0165000859 China Everbright Ltd. Finance 500,000 413.73 0.46
Total 20,838.89 23.13
Totals 85,085.88 94.44
Net Assets 90,099.40 100.00
Note:
Plan Name Dividend per unit

FRANKLIN ASIAN EQUITY FUND
in Lakhs) Assets
INE849A01020 Trent Ltd. Retailing Hotels, Resorts & Other 54,190 262.23 2.17
INE053A01029 The Indian Hotels Co. Ltd. Recreational Activities 134,100 214.29 1.77
INE093I01010 Oberoi Realty Ltd. Construction 27,999 142.12 1.18
INE338I01027 Motilal Oswal Financial Services Ltd. Finance 15,620 101.16 0.84
INE192A01025 Tata Global Beverages Ltd. Consumer Non Durables 30,332 83.72 0.69
INE410P01011 Narayana Hrudayalaya Ltd. Healthcare Services 37,307 83.61 0.69
INE669E01016 Vodafone Idea Ltd. Telecom - Services 668,809 41.13 0.34
Total 1,940.01 16.06
Foreign Securities
US01609W1027 Alibaba Group Holding Ltd., ADR Retailing 9,063 1,064.20 8.81
KYG875721634 Tencent Holdings Ltd. Software 31,700 944.53 7.82
KR7005930003 Samsung Electronics Co. Ltd. Hardware 32,100 929.17 7.69
TW0002330008 Taiwan Semiconductor Manufacturing Co. Ltd. Hardware 146,714 909.41 7.53
HK0000069689 AIA Group Ltd. Finance 132,124 882.85 7.31
CNE1000003X6 Ping An Insurance (Group) Co. of China Ltd. Finance 80,310 652.58 5.40
ID1000109507 Bank Central Asia Tbk PT Banks 195,429 295.60 2.45
US6475811070 New Oriental Education & Technology Group Inc., ADR Diversified Consumer Service 3,660 275.01 2.28
PHY077751022 BDO Unibank Inc. Banks 131,360 256.39 2.12
MU0295S00016 MakeMyTrip Ltd. Software 14,600 236.72 1.96
CNE1000002M1 China Merchants Bank Co. Ltd., H Banks 67,000 225.51 1.87
TH0003010Z12 The Siam Cement PCL, fgn. Cement 23,512 221.89 1.84
SG1L01001701 DBS Group Holdings Ltd. Banks 17,142 219.23 1.81
US22943F1003 Ctrip.com International Ltd., ADR Transportation 10,238 210.19 1.74
PHY9297P1004 Universal Robina Corp. Consumer Non Durables 87,300 185.88 1.54
HK0669013440 Techtronic Industries Co. Ltd. Retailing 37,521 184.69 1.53
HK0883013259 CNOOC Ltd. Oil 170,000 183.47 1.52
TH0737010Y16 CP ALL PCL Retailing 91,900 172.71 1.43
CNE0000018R8 Kweichow Moutai Co. Ltd., A Consumer Non Durables 1,500 170.97 1.41
ID1000125503 ACE Hardware Indonesia Tbk PT Retailing 1,925,400 169.85 1.41
TH0128B10Z17 Minor International PCL, fgn. Hotels, Resorts & Other Recreational Activities 193,900 168.19 1.39
PHY8076N1120 SM Prime Holdings Inc. Retailing 300,100 152.37 1.26
LU0633102719 Samsonite International SA Consumer Non Durables 101,700 152.34 1.26
KYG8586D1097 Sunny Optical Technology Group Co. Ltd. Hardware 14,600 151.77 1.26
ID1000106800 Semen Indonesia (Persero) Tbk PT Cement 244,200 140.57 1.16
KYG210961051 China Mengniu Dairy Co. Ltd. Consumer Non Durables 53,000 140.37 1.16
KR7055550008 Shinhan Financial Group Co. Ltd. Banks 5,267 129.92 1.08
KR7006400006 Samsung SDI Co. Ltd. Hardware 903 118.83 0.98
ID1000061302 Indocement Tunggal Prakarsa Tbk PT Cement 125,600 117.21 0.97
TW0003008009 Largan Precision Co. Ltd. Consumer Durables 1,000 101.41 0.84
TW0006414006 Ennoconn Corp. Hardware 16,010 80.08 0.66
KYG4387E1070 Health & Happiness H&H International Holdings Ltd. Consumer Non Durables 16,000 47.72 0.39
KYG2108Y1052 China Resources Land Ltd. Construction
Hotels, Resorts & Other 10,000 29.64 0.25
TH0128051909 Minor International PCL, fgn - Warrants Recreational Activities 9,695 0.89 0.01
KYG2121R1039 China Literature Ltd. Media & Entertainment 32 0.08 0.00*
Total 9,922.24 82.14
Totals 11,862.25 98.20
Net Assets 12,079.24 100.00

* Less than 0.01%
Note:
a) NAV at the beginning and at the end of the Half-year ended September 30 , 2019

FRANKLIN INDIA TECHNOLOGY FUND
INE467B01029 Tata Consultancy Services Ltd. Software 73,819 1,549.68 6.38
INE397D01024 Bharti Airtel Ltd. Telecom - Services 416,350 1,528.21 6.29
INE136B01020 Cyient Ltd. Software 210,143 977.90 4.03
INE214T01019 Larsen & Toubro Infotech Ltd. Software 30,056 454.22 1.87
INE738I01010 eClerx Services Ltd. Software 72,108 313.38 1.29
INE919I01024 Music Broadcast Ltd. Media & Entertainment 343,415 129.30 0.53
Total 17,147.91 70.60
b) Unlisted***
Brillio Technologies Pvt. Ltd.** Software 970,000 0.10 0.00*
Total 0.10 0.00
Foreign Securities
US90184L1026 Twitter Inc. Software 19,000 553.79 2.28
TW0002330008 Taiwan Semiconductor Manufacturing Co. Ltd. Hardware 88,000 545.47 2.25
KR7005930003 Samsung Electronics Co. Ltd. Hardware 17,000 492.08 2.03
KYG8586D1097 Sunny Optical Technology Group Co. Ltd. Hardware 33,000 343.04 1.41
US7475251036 Qualcomm Inc. Telecom - Equipment & Accessories 6,000 323.78 1.33
US67066G1040 Nvidia Corp. Hardware 2,000 246.29 1.01
Total 3,996.65 16.45
Foreign Mutual Fund units

LU0626261944 Franklin Technology Fund, Class J Foreign Mutual Fund Units 102,868 2,221.80 9.15
Total 2,221.80 9.15
Totals 23,366.46 96.20
Net Assets 24,288.46 100.00

** Non - Traded/Thinly Traded Securities
Note:

FRANKLIN INDIA FEEDER - FRANKLIN U.S. OPPORTUNITIES FUND
ISIN Number Name of the Instrument Quantity Market Value % to Net
Foreign Mutual Fund Units
LU0195948665 FTIF - Franklin U.S. Opportunities Fund, Class I (Acc) 2,902,525 96,016.33 99.87
Total 96,016.33 99.87
Net Assets 96,141.58 100.00
Note:

FRANKLIN INDIA FEEDER - FRANKLIN EUROPEAN GROWTH FUND
Foreign Mutual Fund Units
LU0195949390 FTIF - Franklin European Growth Fund, Class I (ACC) 78,575 1,847.67 98.73
Total 1,847.67 98.73
Net Asset 1,871.47 100.00
Note:

FRANKLIN INDIA DYNAMIC PE RATIO FUND OF FUNDS
Mutual Fund Units
INF090I01GK1 Franklin India Short Term Income Plan 1,507,445 64,646.99 64.27
INF090I01FN7 Franklin India Bluechip Fund 7,697,116 36,177.88 35.97
Total 100,824.87 100.24
Call, Cash & Other Assets (241.05) (0.24)
Net Assets 100,583.82 100.00
Note:

FRANKLIN INDIA MULTI-ASSET SOLUTION FUND
Mutual Funds/ETF Units
INF090I01FN7 Franklin India Bluechip Fund 229,397 1,078.21 36.73
INF090I01GK1 Franklin India Short Term Income Plan 22,891 981.67 33.45
INF732E01102 R*Shares Gold Bees 21,856 720.65 24.55
INF090I01JV2 Franklin India Liquid Fund 3,741 108.32 3.69
Total 2,888.85 98.42
Net Assets 2,935.14 100.00
Note:

FRANKLIN INDIA LIFE STAGE FUND OF FUNDS - 20'S PLAN
Mutual Fund Units
INF090I01FN7 Franklin India Bluechip Fund 123,422 580.11 50.41
INF090I01FH9 Franklin India Prima Fund 17,615 175.51 15.25
INF090I01GY2 Templeton India Value Fund^ 70,845 171.30 14.88
INF090I01HB8 Franklin India Dynamic Accrual Fund 154,652 111.73 9.71
INF090I01FW8 Franklin India Corporate Debt Fund^ 154,233 111.03 9.65
Total 1,149.68 99.90
Net Assets 1,150.85 100.00
Note:
Mutual Funds Units
Total 570.24 99.93
Net Assets 570.66 100.00
Note:
a) NAV at the beginning and at the end of the Half - year ended September 30, 2019
Direct Dividend Option(Rs) 24.3641
Dividend Option(Rs) 23.3195
Mutual Funds Units
Total 1,306.59 99.82
Net Assets 1,308.90 100.00
Note:
FRANKLIN INDIA LIFE STAGE FUND OF FUNDS - 50'S PLUS PLAN
Mutual Funds Units
Total 595.35 99.85
Net Assets 596.24 100.00
Note:
c) Portfolio Turnover Ratio during the Half-year endedSeptember 30, 2019 4.87%
FRANKLIN INDIA LIFE STAGE FUND OF FUNDS - 50'S PLUS FLOATING RATE PLAN
Mutual Funds Units
INF090I01GV8 Franklin India Savings Fund^ 6,281,915 2,303.56 79.49
Total 2,891.24 99.77
Net Assets 2,897.77 100.00
Note:
a) NAV at the beginning and at the end of the Half-year ended Septembe 30, 2019
Dividend Option(Rs) ` 14.2669
c) Portfolio Turnover Ratio during the Half-year ended Septembe 30, 2019 8.34%
^ Effective June 4, 2018, Franklin India Savings Plus Fund was renamed as Franklin India Savings Fund.

AD - Portfolio - Equity - and - Debt - Final - 300919

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FRANKLIN TEMPLETON MUTUAL FUND

PORTFOLIO STATEMENTS OF THE SCHEMES OF FRANKLIN TEMPLETON

(I) Franklin India Equity Savings Fund

Ambuja Cements Ltd. Short 218.80 205.45 96.76

9,642 56,495.59 1,113.32

7 During the Half year ended, no schemes/plans were matured/closed.

(b) Privately Placed/Unlisted

Totals 347,691.69 97.13

Call, Cash & Other Assets 10,261.47 2.87

Net Assets 357,953.16 100.00

c) Average Maturity as on September 30, 2019 4.48 Years

## Non-business day NAV computed for disclosure purposes only.

Net Assets 27,432.11 100.00

c) Average Maturity as on September 30, 2019 0.00 Years

****Allotment date for the scheme was May 08, 2019.

(b) Privately Placed/Unlisted

Totals 1,713,718.70 85.13

Call, Cash & Other Assets 299,284.27 14.87

Net Assets 2,013,002.97 100.00

c) Average Maturity as on September 30, 2019 0.55 Years

## Non-business day NAV computed for disclosure purposes only.

Totals 1,273,845.49 97.99

Call, Cash & Other Assets 26,141.24 2.01

Net Assets 1,299,986.73 100.00

c) Average Maturity as on September 30, 2019 2.97 Years

## Non-business day NAV computed for disclosure purposes only.

(b) Commercial Papers

Totals 256,100.69 100.27

Call, Cash & Other Assets (681.42) (0.27)

Net Assets 255,419.27 100.00

c) Average Maturity as on September 30, 2019 0.58 Years

## Non-business day NAV computed for disclosure purposes only.

Money Market Instruments

(b) Commercial Papers

Totals 886,603.47 87.94

Call, Cash & Other Assets 121,683.00 12.06

Net Assets 1,008,286.47 100.00

c) Average Maturity as on September 30, 2019 0.12 Years

****Plan was launched on Sepetmber 06, 2019

## Non-business day NAV computed for disclosure purposes only.

(b) Privately Placed/Unlisted

(b) Commercial Papers

Totals 607,922.34 102.43

Call, Cash & Other Assets (14,426.58) -2.43

Net Assets 593,495.76 100.00

c) Average Maturity as on September 30, 2019 1.21 Years

## Non-business day NAV computed for disclosure purposes only.

Call, Cash & Other Assets 4,706.16 20.06

Net Assets 23,465.26 100.00

c) Average Maturity as on September 30, 2019 4.87 Years

## Non-business day NAV computed for disclosure purposes only.

Money Market Instruments

Totals 24,198.53 92.85

Call, Cash & Other Assets 1,863.12 7.15

Net Assets 26,061.65 100.00

c) Average Maturity as on September 30, 2019 1.17 Years

## Non-business day NAV computed for disclosure purposes only.

Totals 660,548.91 97.97

Call, Cash & Other Assets 13,725.84 2.03

Net Assets 674,274.75 100.00

c) Average Maturity as on September 30, 2019 3.55 Years

## Non-business day NAV computed for disclosure purposes only.

(b) Privately Placed/Unlisted