March 20, 2024
mayank
Franklin India ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,351.4413
NAV IDCW: Rs 68.4370
Suitable For Which Investors?
“When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
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 Manager:
1) Rajasa Kakulavarapu
Education: Ms. Kakulavarapu has done B.Tech and MBA.
Experience: Prior to joining Franklin Templeton Mutual Fund, she has worked with Jefferies India Pvt. Ltd. and Credit Suisse Securities (India) Pvt. Ltd.
2) R Janakiraman
Education: Mr. Janakiraman is a B.E and PGDM (Business Management).
Experience: Prior to joining Franklin Templeton Investments, he has worked with Indian Syntans Inv. Pvt. Ltd., Citicorp Information Tech Ltd. and UTI Securities Exchange Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Franklin Templeton Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 16.54% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 6,144 Cr |
| (As on 29-Feb-2024) | |
| Expense | 1.10% |
| (As on 29-Feb-2024) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 15.74% |
Trailing Returns (%) of Franklin India ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Franklin India ELSS Tax Saver Dir | 2.53 | -1.23 | -2.76 | 4.07 | 14.46 | 42.19 | 21.32 | 17.54 | 15.08 | 17.43 |
| S&P BSE 500 TRI | 1.16 | -1.16 | -3.01 | 2.56 | 11.58 | 36.64 | 17.99 | 16.85 | 15.25 | 15.97 |
| Equity: ELSS | 1.44 | -1.04 | -2.99 | 2.63 | 12.13 | 37.29 | 19.04 | 17.63 | 15.47 | 17.30 |
| Rank within category | 12 | 33 | 22 | 9 | 10 | 8 | 8 | 13 | 15 | 11 |
| Number of funds in category | 39 | 39 | 39 | 39 | 38 | 36 | 33 | 31 | 29 | 25 |
Peer Comparison of Franklin India ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Franklin India ELSS Tax Saver Dir | 3 star | 42.19 | 21.32 | 17.54 | 1.10 | 6,144 | 16.54 | — | 11Y 2M | 15.74 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 34.40 | 17.60 | 19.40 | 0.58 | 21,302 | 19.87 | — | 8Y 2M | 94.00 |
| SBI Long Term Equity Dir | 5 star | 55.46 | 26.56 | 20.98 | 0.97 | 21,203 | 16.75 | — | 11Y 2M | 15.00 |
| DSP ELSS Tax Saver Dir | 4 star | 37.98 | 20.24 | 19.15 | 0.79 | 14,147 | 17.72 | — | 11Y 2M | 38.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 43.56 | 25.59 | 17.37 | 1.14 | 13,820 | 15.29 | — | 11Y 2M | 33.34 |
Portfolio Analysis of Franklin India ELSS Tax Saver Fund
| No. of Stocks | 50 |
| Top 10 Stocks | 48.69% |
| Top 5 Stocks | 30.12% |
| Top 3 Sectors | 47.16% |
| Portfolio P/B Ratio | 3.66 |
| Portfolio P/E Ratio | 24.23 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,04,136 | 1,64,198 |
| Giant (%) | 62.56 | 51.70 |
| Large (%) | 16.34 | 19.69 |
| Mid (%) | 18.07 | 23.56 |
| Small (%) | 3.03 | 6.94 |
| Tiny (%) | — | 0.40 |
How to Invest in Franklin India ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For Franklin India ELSS Tax Saver Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://accounts.franklintempletonindia.com/ngGuest/#/transactnowlogin
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/360-one-elss-tax-saver-nifty-50-index-fund/