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Franklin India ELSS Tax Saver Fund - Complete Guide, Latest NAV & Tax Benefits

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Discover Franklin India ELSS Tax Saver Fund - Get latest NAV, returns, investment objectives, fund managers info, AUM details and tax benefits under Section 80C of Income Tax Act.

Investment Objective and Approach

Franklin India ELSS Tax Saver Fund is an open-ended equity-linked savings scheme (ELSS) that seeks medium to long term growth of capital, with income tax rebate. The fund follows a diversified equity investment approach, where the scheme invests in equities and there is an exposure to PSU Bonds and debentures and Money Market instruments.

As an ELSS fund, it qualifies for tax benefits under Section 80C of the Income Tax Act, allowing investors to claim deductions up to ₹1.5 lakh per financial year. The fund comes with a mandatory lock-in period of 3 years, making it suitable for investors with a long-term investment horizon of at least 5 years.

The fund maintains a flexible investment approach by investing across market capitalizations, with current top holdings including established companies like ICICI Bank Ltd (9.55% as of July 2025), HDFC Bank Ltd (9.48% as of July 2025), and Larsen & Toubro Ltd (4.71% as of July 2025).

Fund Managers

The Franklin India ELSS Tax Saver Fund is managed by a team of experienced professionals:

R. Janakiraman - The VP & Portfolio Manager - Equities for Franklin Templeton India AMC Ltd., R. Janakiraman joined the company in 2007. With 25+ years of experience in the mutual fund industry, he brings extensive expertise to fund management. He holds a B. Tech and a PGDM from IIM Bangalore and is a CFA charterholder. Prior to Franklin Templeton, he has worked with leading asset management companies in the past. These include Indian Syntans Group and UTI Securities.

Rajasa Kakulavarapu - Rajasa Kakulavarapu did PGDM from Indian Institute of Management, Ahmedabad. She worked at Credit Suisse and Jefferies before joining Franklin Templeton Asset Management (India). Mr Rajasa Kakulavarapu, who was born in India and brought up in Singapore, has been in the fund management field for more than 15 years, bringing international experience and expertise in equity fund management.

About the Fund House (AMC)

Franklin Templeton Mutual Fund is one of the leading asset management companies in India. Franklin Templeton Investments began its operations in India back in 1996 under the name Templeton Asset Management India Pvt. Ltd. The trust, Franklin Templeton Mutual Fund, is registered with SEBI under the registration number MF/026/96/8.

The AMC has built a strong reputation in the Indian mutual fund industry over nearly three decades. The investment team at Franklin Templeton Mutual Fund comprises of four portfolio managers and 12 analysts, of which five act as co-managers. While there has been some turnover in the analyst team, the exiting members were replaced by equally experienced and capable analysts.

Franklin Templeton follows a disciplined investment approach backed by thorough research and analysis. The company manages various fund categories including equity, debt, hybrid, and international funds, catering to diverse investor needs and risk profiles.

Should I Invest in Franklin India ELSS Tax Saver Fund?

Franklin India ELSS Tax Saver Fund can be suitable for investors who:

Ideal for:

- Seek tax savings under Section 80C while building long-term wealth

- Have investment horizon of 5+ years (despite 3-year lock-in)

- Want exposure to diversified equity portfolio with experienced fund management

- Are comfortable with equity market volatility

- Prefer systematic investment through SIP route

Key Considerations:

- Lock-in Period: The Franklin India ELSS Tax Saver Fund has a lock-in period of 3 years

- Minimum Investment: Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500

- Risk Profile: The Franklin India ELSS Tax Saver Fund Direct Growth is rated Very High risk

- Tax Benefits: Investments qualify for deduction up to ₹1.5 lakh under Section 80C

Performance Track Record:

- Over the past five years, Franklin India ELSS Tax Saver Fund - Direct Plan has delivered an annualised return of 26.84% as of 07-Jul-2025

- Fund has consistently maintained substantial AUM indicating investor confidence

Important Note: Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years

FAQs

What is today's NAV of Franklin India ELSS Tax Saver Fund?

The latest NAV varies by plan and date. For current NAV, check with your investment platform or the official Franklin Templeton website as NAV is updated daily.

What is the AUM of Franklin India ELSS Tax Saver Fund?

The AUM (i.e. assets under management) of Franklin India ELSS Tax Saver Fund is ₹6883.11 Cr as of 25th July 2025.

What is the expense ratio of Franklin India ELSS Tax Saver Fund?

The expense ratio of Franklin India ELSS Tax Saver Fund Plan is 1.01 as of 25th July 2025.

What are the returns of Franklin India ELSS Tax Saver Fund since inception?

Franklin India ELSS Tax Saver Fund Direct-Growth scheme return performance in last 1 year is 0.04%, in last 3 years is 74.97% and 577.24% since scheme launch.

What is the minimum SIP amount to invest in Franklin India ELSS Tax Saver Fund?

The min. SIP amount to invest in this scheme is ₹500.

How do I invest in Franklin India ELSS Tax Saver Fund?

You can invest through Allvest platform online, directly through Franklin Templeton website, or through registered mutual fund distributors and banks.

How to start a SIP in Franklin India ELSS Tax Saver Fund?

Register on Allvest platform, complete KYC, select the fund, choose SIP amount (minimum ₹500), set frequency, and authorize auto-debit from your bank account.

How do I automate an SIP in Franklin India ELSS Tax Saver Fund?

Set up auto-debit mandate through Allvest platform or your bank's net banking. Ensure sufficient balance on SIP dates for seamless automated investments.

How can I withdraw/redeem my investment in Franklin India ELSS Tax Saver Fund?

Redemptions are allowed only after completing the 3-year mandatory lock-in period. Post lock-in, you can redeem through Allvest platform or by submitting redemption forms to the AMC.