Franklin India ELSS Tax Saver Fund Direct Growth

Franklin India ELSS Tax Saver Fund Direct Growth

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 1517.85 as on 13-06-2024

About the Fund

Franklin India ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by R. Janakiraman, Anand Radhakrishnan. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Franklin India ELSS Tax Saver Fund Direct Growth has ₹6398 Cr worth of assets under management (AUM) as on Apr 2024 and is more than category average.
  2. The fund has an expense ratio 1.

Returns

Franklin India ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 45.36%, 21.85% and 19.97% respectively.

Holdings

Franklin India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Consumer Defensive, Communication, Basic Materials, Utilities, Energy, Health, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Bharti Airtel Ltd, Larsen & Toubro Ltd, Infosys Ltd

Taxation

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Franklin India ELSS Tax Saver Fund Direct Growth

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Franklin India ELSS Tax Saver Fund Direct Growth of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
1308 people have invested ₹ 1.3Cr in Franklin India ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.

Pros

Beats FD returns for both 3Y & 5Y duration

Cons

No bad points found for this fund.

Overview

Expense ratio
Expense ratio
1.01%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹6398 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
20.34%

Franklin India ELSS Tax Saver Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 95.9%

  • Debt & Cash 4.1%

Size breakup

Large cap
74.4%
Mid cap
15%
Small cap
6.2%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
27.8%
Industrial
16.3%
Consumer Cyclical
12.7%
Tech
9.6%
Consumer Defensive
7.2%
Basic Materials
5.8%
Utilities
5.5%
Communication
5.4%
Health
4.6%
Energy
4.5%
Real Estate
0.6%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
3.90%
0.68%
2.46%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 3.90% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 1.43% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 6.4K Cr
₹ 6.2K Cr
₹ 6.1K Cr
  • AUM of the fund stands at 6.4K Cr as of Apr'24
  • AUM increased by 203.5 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Franklin India ELSS Tax Saver Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings49

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.01% which is lower than the category average expense ratio of 1.29%.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.3% return, outperforming this fund by 15.33% per annum.
Insights icon
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 28.47% return, outperforming this fund by 6.62% per annum.
Insights icon
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 60.32% return, outperforming this fund by 14.96%.

Fund Manager

R. Janakiraman
R. Janakiraman
Fund Manager of Franklin India ELSS Tax Saver Fund Direct Growth, since 2 May 2016
Anand Radhakrishnan
Anand Radhakrishnan
Fund Manager of Franklin India ELSS Tax Saver Fund Direct Growth, since 18 October 2021

Franklin India ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.37% since inception which is more than its category average return of 16.38%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.86% in Equity, 0% in Debt and 4.14% in Cash related instruments
AUM size ₹6398 Cr

AUM size ₹6398 Cr

This fund has AUM of ₹6398 Cr which is more than its category average of ₹ 3674 Cr
Expense Ratio 1.01%

Expense Ratio 1.01%

This fund has an expense ratio of 1.01% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Franklin India ELSS Tax Saver Fund Direct Growth is ₹1517.85 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Franklin India ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.94%
6.94%
6 Month Returns
19.59%
19.59%
1 Year Returns
45.36%
45.36%
3 Years Returns
80.93%
21.85%
5 Years Returns
148.51%
19.97%
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1.01% as on May 2024
₹6398 Cr as on May 2024
ICICI Bank Ltd(7.72%), HDFC Bank Ltd(6.82%), Bharti Airtel Ltd(5.41%), Larsen & Toubro Ltd(5.07%), Infosys Ltd(4.23%) as on May 2024
Financial Services(28.04%), Industrial(16.62%), Consumer Cyclical(11.23%) as on May 2024
The alpha ratio for the Franklin India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Franklin India ELSS Tax Saver Fund Direct Growth
7.57
3.92
0.95
As on May 2024
The alpha for Franklin India ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Franklin India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Franklin India ELSS Tax Saver Fund Direct Growth
0.92
0.92
1.02
As on May 2024
The Beta for Franklin India ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Franklin India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Franklin India ELSS Tax Saver Fund Direct Growth
3
1.23
0.73
As on May 2024
The sharpe ratio for Franklin India ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Franklin India ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Franklin India ELSS Tax Saver Fund Direct Growth
9.92
12.3
19.92
As on May 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.26 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.97 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
R. Janakiraman, Anand Radhakrishnan are the fund managers of Franklin India ELSS Tax Saver Fund Direct Growth
The Exit load of Franklin India ELSS Tax Saver Fund Direct Growth is 0%