Franklin India ELSS Tax Saver Fund
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.
Growthvine rating: 3/5 — ranked #23 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹1336.38 (as of 2026-10-22) |
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| AUM | ₹6,223 Cr |
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| Expense ratio | 1.57% |
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| Riskometer | Very High |
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| Fund manager | Rajasa Kakulavarapu |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 9.51% |
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| Sharpe ratio | 0.25 |
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| Standard deviation | 14.76% |
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| Max drawdown | −57.34% |
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| Alpha | -0.41 |
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| Beta | 0.93 |
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Over 5 years, captured 95.5% of Nifty 500's upside and 92.7% of its downside.
Market cap allocation
| Large cap | 78.7% |
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| Mid cap | 13.1% |
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| Small cap | 8.2% |
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Concentration
| Top 5 holdings | 27.7% |
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| Top 10 holdings | 44.5% |
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| Total holdings | 49 |
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| Index overlap | 39.4% |
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| Active share | 60.6% |
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Top holdings
- ICICI Bank Ltd. — 7.5%
- Net Asset — 5.9%
- HDFC Bank Ltd. — 5.8%
- AXIS Bank Ltd. — 5.2%
- State Bank Of India — 4.7%
- Larsen & Toubro Limited — 4.6%
- Eternal Limited — 4.1%
- Bharti Airtel Ltd. — 3.3%
- Infosys Ltd — 3.3%
- Kotak Mahindra Bank Ltd. — 3.1%
Top sectors
- Banking & Financial — 26.5%
- Construction — 7.6%
- Retail — 6.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −10.6% | Q4 (Bottom) | #41 of 52 |
| 2025 | 2.1% | Q3 | #32 of 51 |
| 2024 | 22.4% | Q2 | #14 of 51 |
| 2023 | 31.2% | Q2 | #18 of 48 |
| 2022 | 5.4% | Q2 | #12 of 43 |