Franklin India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 12-12-2024
₹ 1682.73
1D
Inception Returns
17.5%
/yr
About Franklin India ELSS Tax Saver Fund Direct Growth
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. The fund could potentially beat inflation in the long-run.
Key Parameters
- Franklin India ELSS Tax Saver Fund Direct Growth has ₹6833 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 1.
Returns
Franklin India ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.54% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 32.33%, 20.90% and 22.67% respectively.
Holdings
Franklin India ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Consumer Defensive, Health, Basic Materials, Communication, Energy, Utilities, Real Estate. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Bharti Airtel Ltd, Infosys Ltd, Larsen & Toubro 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 benefitDividends 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
Historical NAV & Returns
Annualised
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1506 people have invested ₹ 1.7Cr in Franklin India ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Franklin India ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Franklin India ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 1% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹6833 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 15.71% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (12-Dec-24)
Fund Distribution
as on (31-Oct-24)
Large cap
72.6%
Mid cap
14.2%
Small cap
9.9%
Sector Allocation
Financial Services
29.2%
Consumer Cyclical
13.5%
Industrial
13.1%
Tech
10.6%
Basic Materials
6.8%
Consumer Defensive
6.5%
Communication
5.9%
Health
5.9%
Utilities
3.9%
Energy
3.8%
Real Estate
0.7%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.28% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.23% in Oct'24
- AUM of the fund stands at 6.8K Cr as of Oct'24
- AUM decreased by 409.1 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 7.99% to 8.6%
HDFC Bank Ltd's allocation increased from 7.8% to 8.28%
360 One Wam Ltd Ordinary Shares's allocation increased from 0.51% to 0.83%
Top Stocks sold last month
Bharti Airtel Ltd's allocation decreased from 5.56 % to 5.34 %
Infosys Ltd's allocation decreased from 4.98 % to 4.94 %
Axis Bank Ltd's allocation decreased from 3.83 % to 3.82 %
Mid Cap allocation has gone down from 14.9% to 14.2%
Large Cap allocation has gone up from 72.1% to 72.6%
Small Cap allocation has gone up from 9.4% to 9.9%
Cash allocation has gone down from 2.9% to 2.2%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Oct'24
Financial Services
29%
Consumer Cyclical
13%
Industrial
13%
Sep'24
Financial Services
28%
Consumer Cyclical
14%
Industrial
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.6% | 0% | |
 HDFC Bank Ltd | 8.28% | 0% | |
 Bharti Airtel Ltd | 5.34% | -4% | |
 Infosys Ltd | 4.94% | 0% | |
 Larsen & Toubro Ltd | 4.69% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 11.8% |
 HDFC Bank Ltd | 8.4% |
 Infosys Ltd | 5.6% |
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R. Janakiraman
Fund Manager of Franklin India ELSS Tax Saver Fund Direct Growth, since 2 May 2016
Top funds managed
Fund House
Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Total Schemes
Total AUM
₹1.17L Cr
as on 31-Oct-2024
Address
One International Centre, Tower 2, 12th and 13th Floor,Senapati Bapat Marg, Elphinstone Road (West), Mumbai
Phone
+912267519100
Website
service@templeton.com
Mutual Fund Insights
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 58.9% return, outperforming this fund by 26.57%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 29.41% return, outperforming this fund by 8.52% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1% which is lower than the category average expense ratio of 1.28%.
Over the last 1 month, this fund has experienced a 5.6% drop in AUM moving from 7.24K Cr to 6.83K Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.71% return, outperforming this fund by 11.04% per annum.
Franklin India ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.54% since inception which is more than its category average return of 16.13%
Fund Allocations
This fund has an allocation of 97.13% in Equity, 0% in Debt and 2.87% in Cash related instruments
AUM size ₹6833 Cr
This fund has AUM of ₹6833 Cr which is more than its category average of ₹ 3989 Cr
Expense Ratio 1%
This fund has an expense ratio of 1% which is less than its category average expense ratio of 1.46%
Frequently Asked Questions for Franklin India ELSS Tax Saver Fund Direct Growth
The current NAV of Franklin India ELSS Tax Saver Fund Direct Growth is ₹1682.73 as on 12-Dec-2024.
Existing (Absolute + CAGR) as on 12-Dec-2024.
Franklin India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.6% | 4.6% |
6 Month Returns | 10.48% | 10.48% |
1 Year Returns | 32.33% | 32.33% |
3 Years Returns | 76.7% | 20.9% |
5 Years Returns | 177.81% | 22.67% |
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1% as on November 2024
₹6833 Cr as on November 2024
ICICI Bank Ltd(8.6%), HDFC Bank Ltd(8.28%), Bharti Airtel Ltd(5.34%), Infosys Ltd(4.94%), Larsen & Toubro Ltd(4.69%) as on November 2024
Financial Services(28.76%), Consumer Cyclical(13.35%), Industrial(12.46%) as on November 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 | 6.03 | 4.23 | 1.93 |
As on November 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 | 0.93 | 0.93 | 1.01 |
As on November 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 | 1.95 | 1.1 | 0.84 |
As on November 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 | 11.84 | 12.91 | 19.88 |
As on November 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 1.97 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.43 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
R. Janakiraman is the fund manager of Franklin India ELSS Tax Saver Fund Direct Growth
The Exit load of Franklin India ELSS Tax Saver Fund Direct Growth is 0%