Franklin India ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 1450.77 as on 29-04-2024
Fund Performance
1309 people have invested ₹ 1.8Cr in Franklin India ELSS Tax Saver Fund Direct Growth in the last three months
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 34.07% return, outperforming this fund by 15.11% per annum.
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 64.1% return, outperforming this fund by 16.33%.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.13% which is lower than the category average expense ratio of 1.29%.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.08% return, outperforming this fund by 8.23% per annum.
INDmoney Rank
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IND ranking is not available for this fund.
Pros
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
About the 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, Anand Radhakrishnan. The fund could potentially beat inflation in the long-run.
Key Parameters
- Franklin India ELSS Tax Saver Fund Direct Growth has ₹6180 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 1.1.
Overview
 | 1.13% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹6180 Cr |
 | 1 January, 2013 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 20.34% |
Franklin India ELSS Tax Saver Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
78%
Mid cap
11.4%
Small cap
8.6%
Sector Allocation
Financial Services
27%
Industrial
15.7%
Consumer Cyclical
13.4%
Tech
10.5%
Consumer Defensive
7.5%
Basic Materials
6.1%
Communication
5.5%
Utilities
5.4%
Energy
4.6%
Health
4.4%
Top Holdings of Franklin India ELSS Tax Saver Fund Direct Growth as on (31-Mar-24)
Equity Holdings49
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.14% | 0% | |
 HDFC Bank Ltd | 6.33% | 0% | |
 Larsen & Toubro Ltd | 5.88% | 0% | |
 Bharti Airtel Ltd | 5.37% | 0% | |
 Infosys Ltd | 5.05% | 0% |
See all
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.68% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.15% in Mar'24
AUM Change
- AUM of the fund stands at 6.2K Cr as of Mar'24
- AUM increased by 35.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bharti Airtel Ltd | 8.9% |
 Zomato Ltd | 2% |
Top Losers | 1M Return |
|---|---|
 HCL Technologies Ltd | -5.3% |
 Infosys Ltd | -4.4% |
 Axis Bank Ltd | 7.3% |
Peer Analysis
Fund Manager
R. Janakiraman
Fund Manager of Franklin India ELSS Tax Saver Fund Direct Growth, since 2 May 2016
Top funds managed
Anand Radhakrishnan
Fund Manager of Franklin India ELSS Tax Saver Fund Direct Growth, since 18 October 2021
Top funds managed
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 17.05% since inception which is more than its category average return of 15.77%
Fund Allocations
This fund has an allocation of 98.25% in Equity, 0% in Debt and 1.75% in Cash related instruments
AUM size ₹6180 Cr
This fund has AUM of ₹6180 Cr which is more than its category average of ₹ 3525 Cr
Expense Ratio 1.13%
This fund has an expense ratio of 1.13% 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 ₹1450.77 as on 29-Apr-2024.
Existing (Absolute + CAGR) as on 29-Apr-2024.
Franklin India ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.46% | 4.46% |
6 Month Returns | 27.97% | 27.97% |
1 Year Returns | 47.77% | 47.77% |
3 Years Returns | 94.61% | 24.85% |
5 Years Returns | 138.31% | 18.97% |
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1.13% as on March 2024
₹6180 Cr as on March 2024
ICICI Bank Ltd(8.14%), HDFC Bank Ltd(6.33%), Larsen & Toubro Ltd(5.88%), Bharti Airtel Ltd(5.37%), Infosys Ltd(5.05%) as on March 2024
Financial Services(26.5%), Industrial(15.45%), Consumer Cyclical(13.12%) as on March 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 | 7.3 | 3.88 | 0.75 |
As on March 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 | 0.88 | 0.93 | 1.02 |
As on March 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 | 3.34 | 1.28 | 0.69 |
As on March 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 | 9.62 | 12.74 | 19.91 |
As on March 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 2.45 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.97 as on March 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%