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: ₹ 1394.76 as on 18-04-2024
Fund Performance
zero opening, trading, fund transfer fee
1265 people have invested ₹ 1.7Cr in Franklin India ELSS Tax Saver Fund Direct Growth in the last three months

Mutual Fund Insights

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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.91% return, outperforming this fund by 9.09% per annum.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 61.86% return, outperforming this fund by 17.6%.
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Over the last 6 months, this fund has experienced a 15.4% growth in AUM moving from 5.35K Cr to 6.17K Cr.
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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 1.3%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.3% return, outperforming this fund by 15.2% per annum.

INDmoney Rank of Franklin India ELSS Tax Saver Fund Direct Growth

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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

  1. 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.
  2. The fund has an expense ratio 1.1.

Franklin India ELSS Tax Saver Fund Direct Growth Overview

Expense ratio
Expense ratio
1.13%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹6180 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 (31-Mar-24)

  • Equity 98.3%

  • Debt & Cash 1.8%

Size breakup

Large cap
78%
Mid cap
11.4%
Small cap
8.6%
Sector Allocation

Mar'24

Feb'24

Jan'24

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

Equity Holdings49

Franklin India ELSS Tax Saver Fund Direct Growth: Monthly Changes Updates

All changes are between Jan'24 and Mar'24
Fund Performance
Mar'24
Feb'24
Jan'24
Fund Returns
0.68%
2.46%
2.49%
Nifty 500
-0.47%
1.58%
1.71%
  • 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
Parameters
Mar'24
Feb'24
Jan'24
AUM
₹ 6.2K Cr
₹ 6.1K Cr
₹ 6K Cr
  • 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 in Franklin India ELSS Tax Saver Fund Direct Growth portfolio Returns for the month of Mar

Franklin India ELSS Tax Saver Fund Direct Growth 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 16.82% since inception which is more than its category average return of 15.54%
Fund Allocations

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

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%

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 ₹1394.76 as on 18-Apr-2024.
Existing (Absolute + CAGR) as on 18-Apr-2024.
Franklin India ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.61%
2.61%
6 Month Returns
19.07%
19.07%
1 Year Returns
44.26%
44.26%
3 Years Returns
89.8%
23.81%
5 Years Returns
129.72%
18.1%
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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%