Franklin India ELSS Tax Saver Fund
ELSSVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹1,380.21-2.00%1 day
- Return since launch
- 19.9%
- 52-week range
- ₹1,291.31 — ₹1,521.60
- AUM
- ₹6,223 Cr
Franklin India ELSS Tax Saver Fund is a ELSS equity fund from Franklin Templeton Mutual Fund with ₹6,223 Cr under management, launched in 1999. Over three years it has returned 0.6% a year, against 10.3% for its category. The expense ratio is 1.91% 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 -5.7% against -2.3% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -7.9% | −6.4 pts | -1.5% | -3.3% |
| 2Y | -4.1% | −4.4 pts | 0.3% | -0.8% |
| 3Y | 0.6% | −9.7 pts | 10.3% | 2.5% |
| 5Y | 8.4% | −1.3 pts | 9.7% | 8.3% |
| 7Y | 12.8% | −0.2 pts | 13.0% | 11.6% |
| 10Y | 12.3% | −0.2 pts | 12.5% | 11.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.7% | −0.9 pts | -3.8% | -4.3% |
| 3M | -3.3% | −2.0 pts | -1.3% | -1.7% |
| 6M | 2.2% | −4.6 pts | 6.8% | 5.7% |
| 1Y | -5.7% | −4.2 pts | -1.5% | -2.3% |
| 2Y | -5.7% | −2.5 pts | -3.2% | -3.9% |
| 3Y | 9.4% | −0.9 pts | 10.3% | 9.2% |
| 5Y | 10.0% | +0.3 pts | 9.7% | 8.6% |
| 7Y | 13.9% | −0.7 pts | 14.6% | 12.5% |
| 10Y | 11.4% | −1.1 pts | 12.5% | 10.8% |
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
1.92%
Expense ratio as on 23 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.57%
- 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 | 0.11 | 4.67 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.92 | 1.08 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.45 | 0.67 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.58 | 0.90 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.27 | 17.94 | 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 31 Aug 2026
Asset allocation
- Equity94.2%
- Debt0.2%
- Other5.5%
Market cap split
- Large79.3%
- Mid12.5%
- Small8.2%
- P/E
- 23.67
- P/B
- 3.25
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 7.71% | ₹480 Cr | +6.86% | +7.10% | +9.72% |
| HDFC Bank Ltd. | Financial | 6.02% | ₹375 Cr | +8.04% | +9.04% | +9.49% |
| Others | Others | 5.52% | ₹343 Cr | +6.14% | +4.48% | +3.93% |
| Axis Bank Ltd. | Financial | 5.18% | ₹322 Cr | +5.28% | +5.35% | +3.60% |
| State Bank of India | Financial | 4.83% | ₹300 Cr | +4.52% | +5.31% | +1.61% |
| Larsen & Toubro Ltd. | Construction | 4.66% | ₹290 Cr | +4.84% | +5.90% | +4.87% |
| Eternal Ltd. | Services | 3.95% | ₹246 Cr | +3.11% | +2.88% | +3.60% |
| Infosys Ltd. | Technology | 3.48% | ₹217 Cr | +3.67% | +3.81% | +4.32% |
| Kotak Mahindra Bank Ltd. | Financial | 3.36% | ₹209 Cr | +3.17% | +3.23% | +2.75% |
| Mahindra & Mahindra Ltd. | Automobile | 3.17% | ₹198 Cr | +2.81% | +2.75% | +2.53% |
| Bharti Airtel Ltd. | Communication | 3.09% | ₹192 Cr | +3.21% | +3.50% | +4.39% |
| Reliance Industries Ltd. | Energy | 3.02% | ₹188 Cr | +3.22% | +3.20% | +3.06% |
| Bharat Electronics Ltd. | Capital Goods | 2.63% | ₹164 Cr | +2.69% | +2.94% | +2.39% |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.60% | ₹162 Cr | +2.46% | +2.38% | +2.27% |
| HCL Technologies Ltd. | Technology | 2.54% | ₹158 Cr | +2.97% | +3.17% | +3.25% |
| Kirloskar Oil Engines Ltd. | Capital Goods | 2.38% | ₹148 Cr | +2.57% | +2.20% | +1.39% |
| Marico Ltd. | Consumer Staples | 2.28% | ₹142 Cr | +2.36% | +2.13% | +1.93% |
| Hindustan Aeronautics Ltd. | Capital Goods | 1.84% | ₹115 Cr | — | — | — |
| NTPC Ltd. | Energy | 1.83% | ₹114 Cr | +2.23% | +2.13% | +1.79% |
| Cipla Ltd. | Healthcare | 1.76% | ₹109 Cr | +0.99% | +0.89% | +1.03% |
| Tata Power Company Ltd. | Energy | 1.67% | ₹104 Cr | +2.09% | +1.71% | +1.66% |
| Interglobe Aviation Ltd. | Services | 1.66% | ₹103 Cr | +1.37% | +1.39% | +0.90% |
| Britannia Industries Ltd. | Consumer Staples | 1.58% | ₹98.33 Cr | +1.44% | +1.57% | — |
| Grasim Industries Ltd. | Materials | 1.57% | ₹97.78 Cr | +2.50% | +2.99% | +2.91% |
| Tube Investments Of India Ltd. | Automobile | 1.51% | ₹94.21 Cr | +1.76% | +1.46% | +1.09% |
| Tata Steel Ltd. | Metals & Mining | 1.49% | ₹92.71 Cr | +1.73% | +1.57% | +1.00% |
| Shree Cement Ltd. | Materials | 1.43% | ₹88.88 Cr | +1.60% | +1.48% | — |
| Hindalco Industries Ltd. | Metals & Mining | 1.31% | ₹81.28 Cr | +1.36% | — | — |
| Tata Capital Ltd. | Financial | 1.29% | ₹80.06 Cr | +0.99% | +1.02% | — |
| Pine Labs Ltd. | Financial | 1.28% | ₹79.68 Cr | — | — | — |
| PB Fintech Ltd. | Services | 1.25% | ₹77.83 Cr | +1.17% | +1.49% | +1.53% |
| Kalyan Jewellers India Ltd. | Consumer Discretionary | 1.14% | ₹70.81 Cr | +0.86% | +0.92% | +1.11% |
| Prestige Estates Projects Ltd. | Construction | 1.08% | ₹67.47 Cr | +0.64% | +0.62% | +0.99% |
| Bharat Petroleum Corporation Ltd. | Energy | 1.05% | ₹65.40 Cr | +0.59% | — | — |
| United Spirits Ltd. | Consumer Staples | 1.01% | ₹62.73 Cr | +1.50% | +1.96% | +2.56% |
| Havells India Ltd. | Capital Goods | 0.99% | ₹61.55 Cr | — | — | — |
| Eris Lifesciences Ltd. | Healthcare | 0.97% | ₹60.18 Cr | +1.07% | +0.94% | +1.22% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 0.75% | ₹46.61 Cr | +1.36% | +1.44% | +1.16% |
| Exide Industries Ltd. | Capital Goods | 0.71% | ₹44.40 Cr | — | — | — |
| Asian Paints Ltd. | Materials | 0.67% | ₹41.94 Cr | +0.70% | — | — |
| GE Vernova T&D India Ltd | Capital Goods | 0.64% | ₹39.64 Cr | — | — | — |
| Lemon Tree Hotels Ltd. | Services | 0.56% | ₹35.10 Cr | +0.62% | +0.59% | +0.92% |
| Intellect Design Arena Ltd. | Technology | 0.55% | ₹34.50 Cr | +0.60% | +0.55% | +0.99% |
| JSW Infrastructure Ltd. | Services | 0.48% | ₹30.02 Cr | — | — | — |
| Jubilant FoodWorks Ltd. | Services | 0.38% | ₹23.67 Cr | +0.48% | +0.71% | +1.13% |
| Jyothy Labs Ltd. | Consumer Staples | 0.38% | ₹23.49 Cr | +0.56% | +0.68% | +0.90% |
| Medplus Health Services Ltd. | Healthcare | 0.29% | ₹18.32 Cr | +0.26% | +0.17% | +0.16% |
| Reserve Bank of India | Financial | 0.24% | ₹14.83 Cr | +0.25% | +0.23% | — |
| TeamLease Services Ltd. | Services | 0.21% | ₹12.86 Cr | +0.25% | +0.21% | +0.30% |
| Globsyn Technologies | Technology | 0.00% | ₹0.00 Cr | 0.00% | 0.00% | 0.00% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| HDFC Bank Ltd. | 7.82% | 6.02% | -1.80% |
| Others | 3.85% | 5.52% | +1.67% |
| HCL Technologies Ltd. | 3.27% | 2.54% | -0.73% |
| Havells India Ltd. | 0.33% | 0.99% | +0.66% |
| Kirloskar Oil Engines Ltd. | 2.82% | 2.38% | -0.45% |
| Eternal Ltd. | 3.64% | 3.95% | +0.32% |
| GE Vernova T&D India Ltd | 0.34% | 0.64% | +0.30% |
| Axis Bank Ltd. | 4.88% | 5.18% | +0.29% |
| Kalyan Jewellers India Ltd. | 1.43% | 1.14% | -0.29% |
| Bharti Airtel Ltd. | 3.35% | 3.09% | -0.26% |
| Amara Raja Energy & Mobility Ltd | 0.25% | 0.00% | -0.25% |
| Kotak Mahindra Bank Ltd. | 3.12% | 3.36% | +0.24% |
| Cholamandalam Investment and Finance Company Ltd. | 0.98% | 0.75% | -0.23% |
| Pine Labs Ltd. | 1.08% | 1.28% | +0.20% |
| PB Fintech Ltd. | 1.07% | 1.25% | +0.19% |
| Bharat Electronics Ltd. | 2.46% | 2.63% | +0.18% |
| Shree Cement Ltd. | 1.60% | 1.43% | -0.17% |
| State Bank of India | 4.67% | 4.83% | +0.16% |
| Tata Power Company Ltd. | 1.83% | 1.67% | -0.16% |
| Jyothy Labs Ltd. | 0.53% | 0.38% | -0.15% |
| Mahindra & Mahindra Ltd. | 3.03% | 3.17% | +0.14% |
| Tata Capital Ltd. | 1.15% | 1.29% | +0.14% |
| Marico Ltd. | 2.42% | 2.28% | -0.13% |
| Larsen & Toubro Ltd. | 4.53% | 4.66% | +0.13% |
| Grasim Industries Ltd. | 1.44% | 1.57% | +0.13% |
| ICICI Bank Ltd. | 7.59% | 7.71% | +0.12% |
| NTPC Ltd. | 1.94% | 1.83% | -0.11% |
| Jubilant FoodWorks Ltd. | 0.48% | 0.38% | -0.10% |
| Reliance Industries Ltd. | 3.09% | 3.02% | -0.06% |
| Hindustan Aeronautics Ltd. | 1.78% | 1.84% | +0.06% |
| Hindalco Industries Ltd. | 1.25% | 1.31% | +0.06% |
| Britannia Industries Ltd. | 1.63% | 1.58% | -0.05% |
| JSW Infrastructure Ltd. | 0.44% | 0.48% | +0.04% |
| Eris Lifesciences Ltd. | 1.01% | 0.97% | -0.04% |
| Tata Steel Ltd. | 1.53% | 1.49% | -0.04% |
| Intellect Design Arena Ltd. | 0.58% | 0.55% | -0.03% |
| United Spirits Ltd. | 1.04% | 1.01% | -0.03% |
| Interglobe Aviation Ltd. | 1.63% | 1.66% | +0.02% |
| Asian Paints Ltd. | 0.70% | 0.67% | -0.02% |
| Infosys Ltd. | 3.46% | 3.48% | +0.02% |
| Cipla Ltd. | 1.74% | 1.76% | +0.02% |
| Tube Investments Of India Ltd. | 1.50% | 1.51% | +0.02% |
| Bharat Petroleum Corporation Ltd. | 1.03% | 1.05% | +0.02% |
| Lemon Tree Hotels Ltd. | 0.58% | 0.56% | -0.01% |
| Prestige Estates Projects Ltd. | 1.07% | 1.08% | +0.01% |
| Exide Industries Ltd. | 0.73% | 0.71% | -0.01% |
| Medplus Health Services Ltd. | 0.31% | 0.29% | -0.01% |
| Apollo Hospitals Enterprise Ltd. | 2.61% | 2.60% | -0.01% |
| TeamLease Services Ltd. | 0.20% | 0.21% | +0.01% |
| Reserve Bank of India | 0.24% | 0.24% | 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 | ₹2,116 Cr | 2.38% | 9.0% | 8.9% | 14.6% |
 Motilal Oswal ELSS Tax Saver Fund | ₹5,134 Cr | 2.08% | 17.2% | 12.9% | 18.3% |
 HSBC ELSS Tax saver Fund | ₹4,229 Cr | 1.99% | 5.7% | 8.3% | 13.2% |
 WhiteOak Capital ELSS Tax Saver Fund | ₹507 Cr | 2.59% | 2.8% | 7.1% | — |
 ITI ELSS Tax Saver Fund | ₹463 Cr | 2.57% | 6.8% | 6.9% | 12.9% |
 JM ELSS - Tax Saver Fund | ₹248 Cr | 2.69% | 12.5% | 9.3% | 14.1% |
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 months2.20% absolute | ₹60,000 | ₹61,320 | 2.20% | |
| 1 year−5.73% annualised | ₹1,20,000 | ₹1,16,340 | −3.05% | |
| 3 years9.42% annualised | ₹3,60,000 | ₹4,17,406 | 15.95% | |
| 5 years10.02% annualised | ₹6,00,000 | ₹7,81,250 | 30.21% |
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 ₹1,380.21 as on 24 Sep 2026.
What is the expense ratio of Franklin India ELSS Tax Saver Fund?
The expense ratio of Franklin India ELSS Tax Saver Fund is 1.91% 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 -7.9% over 1 year, 0.6% over 3 years and 8.4% 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 ₹1,27,382 Cr under management.