Franklin India ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹1,458.94+0.37%1 day
- Return since launch
- 19.9%
- 52-week range
- ₹1,291.31 — ₹1,521.53
- AUM
- ₹5,839 Cr
Franklin India ELSS Tax Saver Fund is a ELSS equity fund from Franklin Templeton Mutual Fund with ₹5,839 Cr under management, launched in 1999. Over three years it has returned 3.5% a year, against 11.4% for its category. The expense ratio is 1.92% and the SEBI riskometer reading is Very High.
Performance
Franklin India ELSS Tax Saver Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -2.7% against 0.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.5% | +3.9 pts | 0.6% | 6.0% |
| 2Y | 1.9% | −2.4 pts | 4.3% | 3.9% |
| 3Y | 3.5% | −8.0 pts | 11.4% | 4.6% |
| 5Y | 9.9% | +0.1 pts | 9.8% | 9.3% |
| 7Y | 13.6% | +0.3 pts | 13.3% | 12.1% |
| 10Y | 12.9% | 0.0 pts | 12.9% | 11.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 9.1% | +2.4 pts | 6.7% | 7.5% |
| 3M | 0.0% | +0.5 pts | -0.5% | -0.5% |
| 6M | 5.7% | +1.1 pts | 4.6% | 4.7% |
| 1Y | -2.3% | −2.9 pts | 0.6% | 0.3% |
| 2Y | 0.1% | −1.8 pts | 1.9% | 1.4% |
| 3Y | 10.9% | −0.5 pts | 11.4% | 10.7% |
| 5Y | 10.0% | +0.2 pts | 9.8% | 8.8% |
| 7Y | 14.4% | −0.2 pts | 14.6% | 12.7% |
| 10Y | 12.1% | −0.8 pts | 12.9% | 11.5% |
Since launch (5 Apr 1999): 19.9%
Calendar-year returns
Category average9.8%
36.7%
5.4%
31.2%
22.2%
2.1%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 2.1% | −2.4 pts | 4.5% |
| 2024 | 22.2% | +2.0 pts | 20.3% |
| 2023 | 31.2% | −0.6 pts | 31.8% |
| 2022 | 5.4% | +1.9 pts | 3.5% |
| 2021 | 36.7% | −3.2 pts | 39.9% |
| 2020 | 9.8% | −8.9 pts | 18.7% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
1.91%
Expense ratio as on 6 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.56%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.32%
- Exit load
- 0%
- Lock-in
- 3 years
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY 500 TRI
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | -0.18 | 4.34 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.93 | 1.03 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.31 | 0.55 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.40 | 0.76 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.67 | 17.53 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Franklin India ELSS Tax Saver Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity93.8%
- Debt0.3%
- Other5.9%
Market cap split
- Large78.7%
- Mid13.0%
- Small8.2%
- P/E
- 22.32
- P/B
- 3.10
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 7.47% | ₹436 Cr | +7.35% | +7.00% | +9.38% |
| Others | Others | 5.94% | ₹347 Cr | +5.34% | +4.46% | +4.75% |
| HDFC Bank Ltd. | Financial | 5.78% | ₹337 Cr | +8.44% | +8.39% | +9.49% |
| Axis Bank Ltd. | Financial | 5.20% | ₹304 Cr | +5.41% | +5.06% | +3.90% |
| State Bank of India | Financial | 4.66% | ₹272 Cr | +4.72% | +4.88% | +1.75% |
| Larsen & Toubro Ltd. | Construction | 4.62% | ₹270 Cr | +4.82% | +5.31% | +4.95% |
| Eternal Ltd. | Services | 4.11% | ₹240 Cr | +3.22% | +3.02% | +3.74% |
| Bharti Airtel Ltd. | Communication | 3.28% | ₹192 Cr | +3.19% | +3.57% | +4.36% |
| Infosys Ltd. | Technology | 3.25% | ₹190 Cr | +3.10% | +4.13% | +4.24% |
| Kotak Mahindra Bank Ltd. | Financial | 3.12% | ₹182 Cr | +3.17% | +3.10% | +2.80% |
| Mahindra & Mahindra Ltd. | Automobile | 3.04% | ₹178 Cr | +2.77% | +2.90% | +2.72% |
| Reliance Industries Ltd. | Energy | 2.99% | ₹175 Cr | +3.09% | +3.48% | +3.08% |
| Bharat Electronics Ltd. | Capital Goods | 2.63% | ₹153 Cr | +2.64% | +2.92% | +2.62% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.54% | ₹148 Cr | +2.56% | +2.54% | +2.21% |
| Marico Ltd. | Consumer Staples | 2.33% | ₹136 Cr | +2.35% | +2.24% | +1.85% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.26% | ₹132 Cr | +3.09% | +2.37% | +1.42% |
| HCL Technologies Ltd. | Technology | 2.00% | ₹117 Cr | +2.63% | +3.45% | +3.10% |
| NTPC Ltd. | Energy | 1.92% | ₹112 Cr | +2.01% | +2.34% | +1.87% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.91% | ₹112 Cr | — | — | — |
| Cipla Ltd. | Healthcare | 1.85% | ₹108 Cr | +1.44% | +0.92% | +0.98% |
| Tata Power Company Ltd. | Energy | 1.84% | ₹108 Cr | +1.87% | +2.00% | +1.73% |
| Interglobe Aviation Ltd. | Services | 1.68% | ₹98.11 Cr | +1.64% | +1.31% | +1.02% |
| Britannia Industries Ltd. | Consumer Staples | 1.60% | ₹93.24 Cr | +1.56% | +1.59% | +0.08% |
| Tata Steel Ltd. | Metals & Mining | 1.59% | ₹92.68 Cr | +1.53% | +1.70% | +1.09% |
| Grasim Industries Ltd. | Materials | 1.52% | ₹88.82 Cr | +1.46% | +3.08% | +2.89% |
| Shree Cement Ltd. | Materials | 1.47% | ₹85.60 Cr | +1.57% | +1.55% | — |
| Pine Labs Ltd. | Financial | 1.43% | ₹83.44 Cr | +1.23% | — | — |
| Tube Investments Of India Ltd. | Automobile | 1.38% | ₹80.48 Cr | +1.66% | +1.50% | +1.14% |
| Hindalco Industries Ltd. | Metals & Mining | 1.29% | ₹75.39 Cr | +1.24% | +1.06% | — |
| Tata Capital Ltd. | Financial | 1.22% | ₹71.36 Cr | +1.17% | +1.05% | — |
| Meesho Ltd. | Services | 1.17% | ₹68.24 Cr | — | — | — |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 1.12% | ₹65.17 Cr | +1.04% | +0.97% | +1.00% |
| Prestige Estates Projects Ltd. | Construction | 1.05% | ₹61.23 Cr | +1.05% | +0.56% | +0.96% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.05% | ₹61.19 Cr | +0.99% | — | — |
| Havells India Ltd. | Capital Goods | 1.03% | ₹60.43 Cr | — | — | — |
| Asian Paints Ltd. | Materials | 1.00% | ₹58.62 Cr | +0.68% | — | — |
| United Spirits Ltd. | Consumer Staples | 0.98% | ₹57.01 Cr | +0.93% | +1.52% | +2.45% |
| Eris Lifesciences Ltd. | Healthcare | 0.95% | ₹55.29 Cr | +1.08% | +1.06% | +1.08% |
| Exide Industries Ltd. | Capital Goods | 0.71% | ₹41.61 Cr | +0.54% | — | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.70% | ₹40.65 Cr | +1.55% | +1.27% | +1.32% |
| GE Vernova T&D India Ltd | Capital Goods | 0.64% | ₹37.46 Cr | — | — | — |
| Lemon Tree Hotels Ltd. | Services | 0.59% | ₹34.44 Cr | +0.62% | +0.58% | +0.93% |
| JSW Infrastructure Ltd. | Services | 0.54% | ₹31.48 Cr | +0.46% | — | — |
| Intellect Design Arena Ltd. | Technology | 0.53% | ₹31.09 Cr | +0.59% | +0.53% | +0.99% |
| Jubilant FoodWorks Ltd. | Services | 0.37% | ₹21.79 Cr | +0.46% | +0.52% | +1.02% |
| Tenneco Clean Air India Ltd | Automobile | 0.36% | ₹20.88 Cr | — | — | — |
| Medplus Health Services Ltd. | Healthcare | 0.31% | ₹17.85 Cr | +0.36% | +0.19% | +0.14% |
| PB Fintech Ltd. | Services | 0.29% | ₹16.67 Cr | +1.10% | +1.62% | +1.47% |
| Reserve Bank of India | Financial | 0.26% | ₹14.89 Cr | +0.24% | +0.26% | — |
| 360 One Wam Ltd. | Financial | 0.24% | ₹14.30 Cr | — | — | — |
| TeamLease Services Ltd. | Services | 0.20% | ₹11.51 Cr | +0.26% | +0.22% | +0.30% |
| Globsyn Technologies | Technology | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Meesho Ltd. | 0.00% | 1.17% | +1.17% |
| PB Fintech Ltd. | 1.25% | 0.29% | -0.97% |
| HCL Technologies Ltd. | 2.54% | 2.00% | -0.54% |
| Others | 5.52% | 5.94% | +0.42% |
| Jyothy Labs Ltd. | 0.38% | 0.00% | -0.38% |
| Tenneco Clean Air India Ltd | 0.00% | 0.36% | +0.36% |
| Asian Paints Ltd. | 0.67% | 1.00% | +0.33% |
| 360 One Wam Ltd. | 0.00% | 0.24% | +0.24% |
| HDFC Bank Ltd. | 6.02% | 5.78% | -0.24% |
| ICICI Bank Ltd. | 7.71% | 7.47% | -0.24% |
| Kotak Mahindra Bank Ltd. | 3.36% | 3.12% | -0.24% |
| Infosys Ltd. | 3.48% | 3.25% | -0.23% |
| Bharti Airtel Ltd. | 3.09% | 3.28% | +0.19% |
| Tata Power Company Ltd. | 1.67% | 1.84% | +0.17% |
| State Bank of India | 4.83% | 4.66% | -0.17% |
| Eternal Ltd. | 3.95% | 4.11% | +0.16% |
| Pine Labs Ltd. | 1.28% | 1.43% | +0.15% |
| Tube Investments Of India Ltd. | 1.51% | 1.38% | -0.14% |
| Mahindra & Mahindra Ltd. | 3.17% | 3.04% | -0.13% |
| Kirloskar Oil Engines Ltd. | 2.38% | 2.26% | -0.12% |
| Tata Steel Ltd. | 1.49% | 1.59% | +0.10% |
| NTPC Ltd. | 1.83% | 1.92% | +0.09% |
| Cipla Ltd. | 1.76% | 1.85% | +0.09% |
| Hindustan Aeronautics Ltd. | 1.84% | 1.91% | +0.07% |
| Tata Capital Ltd. | 1.29% | 1.22% | -0.06% |
| Apollo Hospitals Enterprise Ltd. | 2.60% | 2.54% | -0.06% |
| JSW Infrastructure Ltd. | 0.48% | 0.54% | +0.06% |
| Cholamandalam Investment and Finance Company Ltd. | 0.75% | 0.70% | -0.05% |
| Grasim Industries Ltd. | 1.57% | 1.52% | -0.05% |
| Marico Ltd. | 2.28% | 2.33% | +0.05% |
| Havells India Ltd. | 0.99% | 1.03% | +0.05% |
| Larsen & Toubro Ltd. | 4.66% | 4.62% | -0.04% |
| Shree Cement Ltd. | 1.43% | 1.47% | +0.04% |
| Prestige Estates Projects Ltd. | 1.08% | 1.05% | -0.04% |
| United Spirits Ltd. | 1.01% | 0.98% | -0.03% |
| Reliance Industries Ltd. | 3.02% | 2.99% | -0.03% |
| Axis Bank Ltd. | 5.18% | 5.20% | +0.03% |
| Lemon Tree Hotels Ltd. | 0.56% | 0.59% | +0.03% |
| Interglobe Aviation Ltd. | 1.66% | 1.68% | +0.02% |
| Intellect Design Arena Ltd. | 0.55% | 0.53% | -0.02% |
| Kalyan Jewellers India Ltd. | 1.14% | 1.12% | -0.02% |
| Eris Lifesciences Ltd. | 0.97% | 0.95% | -0.02% |
| Reserve Bank of India | 0.24% | 0.26% | +0.02% |
| Britannia Industries Ltd. | 1.58% | 1.60% | +0.02% |
| Hindalco Industries Ltd. | 1.31% | 1.29% | -0.02% |
| Medplus Health Services Ltd. | 0.29% | 0.31% | +0.01% |
| TeamLease Services Ltd. | 0.21% | 0.20% | -0.01% |
| Jubilant FoodWorks Ltd. | 0.38% | 0.37% | -0.01% |
| GE Vernova T&D India Ltd | 0.64% | 0.64% | 0.00% |
| Bharat Electronics Ltd. | 2.63% | 2.63% | 0.00% |
| Bharat Petroleum Corporation Ltd. | 1.05% | 1.05% | 0.00% |
| Exide Industries Ltd. | 0.71% | 0.71% | 0.00% |
| Globsyn Technologies | 0.00% | 0.00% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,088 Cr | 2.35% | 8.8% | 8.1% | 13.5% |
 Motilal Oswal ELSS Tax Saver Fund | ₹4,890 Cr | 2.07% | 8.1% | 8.8% | 16.0% |
 HSBC ELSS Tax saver Fund | ₹3,974 Cr | 1.98% | 8.0% | 7.9% | 12.9% |
 Baroda BNP Paribas ELSS Tax Saver Fund | ₹857 Cr | 2.46% | 6.6% | 7.2% | 11.9% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹481 Cr | 2.60% | 10.8% | 8.6% | — |
 JM ELSS - Tax Saver Fund | ₹240 Cr | 2.66% | 10.6% | 7.7% | 13.1% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks medium to long term growth of capital, with income tax rebate. The scheme invests in equities and there is an exposure to PSU Bonds and debentures and Money Market instruments.
Fund managers
- R JanakiramanMr. Janakiraman is a B.E and PGDM (Business Management).Prior to joining Franklin Templeton Investments, he has worked with Indian Syntans Inv. Pvt. Ltd., Citicorp Information Tech Ltd. and UTI Securities Exchange Ltd.
- Rajasa KakulavarapuMs. Kakulavarapu has done B.Tech and MBA.Prior to joining Franklin Templeton Mutual Fund, she has worked with Jefferies India Pvt. Ltd. and Credit Suisse Securities (India) Pvt. Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.68% absolute | ₹60,000 | ₹63,408 | 5.68% | |
| 1 year−2.31% annualised | ₹1,20,000 | ₹1,18,509 | −1.24% | |
| 3 years10.92% annualised | ₹3,60,000 | ₹4,27,569 | 18.77% | |
| 5 years9.96% annualised | ₹6,00,000 | ₹7,79,973 | 30.00% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of Franklin India ELSS Tax Saver Fund?
The NAV of Franklin India ELSS Tax Saver Fund is ₹1,458.94 as on 9 Nov 2026.
What is the expense ratio of Franklin India ELSS Tax Saver Fund?
The expense ratio of Franklin India ELSS Tax Saver Fund is 1.92% per year.
What is the minimum SIP amount for Franklin India ELSS Tax Saver Fund?
You can start a SIP in Franklin India ELSS Tax Saver Fund with ₹3,000 a month.
What returns has Franklin India ELSS Tax Saver Fund given?
Franklin India ELSS Tax Saver Fund has returned 4.5% over 1 year, 3.5% over 3 years and 9.9% over 5 years (annualised).
Is there a lock-in or exit load on Franklin India ELSS Tax Saver Fund?
Lock-in: 3 years. Exit load: 0%.
How risky is Franklin India ELSS Tax Saver Fund?
Franklin India ELSS Tax Saver Fund is rated Very High on the SEBI riskometer and belongs to the ELSS category.
Which fund house manages Franklin India ELSS Tax Saver Fund?
Franklin India ELSS Tax Saver Fund is managed by Franklin Templeton Mutual Fund, which runs 38 schemes with ₹1,34,155 Cr under management.