Should I invest in Franklin India ELSS Tax Saver Fund - Direct?

We don't give personal investment advice. Franklin India ELSS Tax Saver Fund - Direct - IDCW is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 27.4%. 5-year CAGR: 5.18%.

Franklin India

Franklin India ELSS Tax Saver Fund - Direct - IDCW

Latest NAV

₹67.3238

As of

3 Jun 2026

3,301 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	-0.20%	+0.12%	-0.32	51 / 76	Q3
1W	-1.84%	-1.31%	-0.53	52 / 76	Q3
2W	+0.05%	+0.08%	-0.03	30 / 76	Q2
1M	-2.00%	-0.99%	-1.01	59 / 76	Q4
3M	-2.87%	-0.23%	-2.63	55 / 76	Q3
6M	-14.64%	-4.25%	-10.39	71 / 76	Q4
YTD	-14.90%	-3.63%	-11.27	73 / 76	Q4
1Y	-12.03%	+1.70%	-13.73	75 / 76	Q4
2Y	-6.08%	+3.10%	-9.18	74 / 75	Q4
3Y	+6.58%	+10.95%	-4.38	67 / 75	Q4
4Y	+6.63%	+11.02%	-4.39	60 / 69	Q4
5Y	+5.18%	+10.65%	-5.47	59 / 65	Q4
7Y	+5.89%	+11.69%	-5.80	58 / 63	Q4
10Y	+4.70%	+10.10%	-5.40	46 / 46	Q4
Inception	+5.76%	+10.74%	-4.98	72 / 76	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	-14.90%	-5.99%	-8.91	67 / 70
2025	-4.71%	+2.19%	-6.90	65 / 70
2024	+15.57%	+16.51%	-0.94	29 / 70
2023	+21.02%	+24.04%	-3.02	38 / 68
2022	-0.97%	+1.46%	-2.43	52 / 65
2021	+27.25%	+33.28%	-6.02	32 / 68
2020	+2.80%	+13.91%	-11.11	64 / 68
2019	-2.78%	+5.99%	-8.78	55 / 66
2018	-9.96%	-7.59%	-2.38	35 / 56
2017	+19.30%	+29.87%	-10.57	46 / 50
2016	-3.65%	+1.05%	-4.71	41 / 46

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+9.47%

152 windows

min -39.3% · max 66.6%

59% positive

3-Year rolling

+7.08%

128 windows

min -15.5% · max 22.0%

84% positive

5-Year rolling

+6.28%

103 windows

min -10.0% · max 19.8%

88% positive

7-Year rolling

+5.34%

79 windows

min -0.5% · max 8.7%

99% positive

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

15.78%

3-year · annualised

Sharpe ratio

0.09

vs risk-free 6.5%

Sortino ratio

0.12

Downside-only deviation

Max drawdown

-27.41%

Sep 2024 → Mar 2026

% positive months

61.1%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in ELSS

Scheme	Fund house	NAV	As of
HDFC ELSS Tax saver - IDCW Option - Direct Plan	HDFC	₹88.8430	3 Jun 2026
NIPPON INDIA ELSS TAX SAVER FUND - DIRECT Plan - ANNUAL IDCW Option	Nippon India	₹21.9652	3 Jun 2026
SBI ELSS Tax Saver Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW)	SBI	₹113.4965	3 Jun 2026
ICICI Prudential ELSS Tax Saver Fund - Direct Plan - IDCW	ICICI Prudential	₹43.2500	3 Jun 2026
Invesco India ELSS Tax Saver Fund - Direct Plan - IDCW Payout	Invesco	₹30.0200	3 Jun 2026
BANDHAN ELSS Tax Saver Fund - Direct Plan - IDCW	Bandhan	₹40.0710	3 Jun 2026
quant ELSS Tax Saver Fund - IDCW Option - Direct Plan	Quant	₹59.0826	3 Jun 2026
Aditya Birla Sun Life ELSS Tax Saver Fund-DIRECT - IDCW	Aditya Birla Sun Life	₹417.8400	3 Jun 2026
Motilal Oswal ELSS Tax Saver Fund Direct - IDCW Payout	Motilal Oswal	₹38.4424	3 Jun 2026
Mirae Asset ELSS Tax Saver Fund - Direct Plan - IDCW	Mirae Asset	₹25.6530	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹67.3238
2 Jun 2026	₹67.4616
1 Jun 2026	₹67.3133
29 May 2026	₹67.8230
27 May 2026	₹68.5861
26 May 2026	₹68.3793
25 May 2026	₹68.5793
22 May 2026	₹67.6505
21 May 2026	₹67.4164
20 May 2026	₹67.2906

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 03 Jun 2026, the NAV of Franklin India ELSS Tax Saver Fund - Direct - IDCW is ₹67.3238. It's a ELSS from Franklin India, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Franklin India ELSS Tax Saver Fund - Direct - IDCW has NAV history starting from 01 Jan 2013, a track record of about 13 years 5 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Franklin India ELSS Tax Saver Fund - Direct - IDCW is managed by Franklin India. It's classified by AMFI under the 'ELSS' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Franklin India ELSS Tax Saver Fund - Direct - IDCW has delivered a absolute return of -12.03% — -13.73 pp behind the ELSS category average of 1.70%. The fund ranks #75 of 76 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Franklin India ELSS Tax Saver Fund - Direct - IDCW has delivered a CAGR of 6.58% — -4.38 pp behind the ELSS category average of 10.95%. The fund ranks #67 of 75 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Franklin India ELSS Tax Saver Fund - Direct - IDCW has delivered a CAGR of 5.18% — -5.47 pp behind the ELSS category average of 10.65%. The fund ranks #59 of 65 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Franklin India ELSS Tax Saver Fund - Direct - IDCW exactly 10 years ago would be worth approximately ₹158,345 today — a multiplier of 1.58×, based on the 10-year CAGR of 4.70%. The category average over the same window would have grown ₹1 lakh to ₹261,744.

A ₹10,000 monthly SIP in Franklin India ELSS Tax Saver Fund - Direct - IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹628,780 today. That's an XIRR (money-weighted annualised return) of 1.85%.

A ₹10,000 monthly SIP for 10 years in Franklin India ELSS Tax Saver Fund - Direct - IDCW = ₹1,200,000 invested. It would currently be worth ₹1,561,977 (multiplier 1.30×). XIRR: 5.15%. Long-horizon SIP results matter more than point-to-point returns because they smooth out entry timing.

On a 5-year basis, Franklin India ELSS Tax Saver Fund - Direct - IDCW ranks #59 out of 65 funds in the ELSS category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 10.65%; this fund delivered 5.18%.

The worst peak-to-trough decline Franklin India ELSS Tax Saver Fund - Direct - IDCW has experienced over the last 5-year window is 27.41% — its NAV fell from a high on 23 Sep 2024 to a low on 31 Mar 2026. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Franklin India ELSS Tax Saver Fund - Direct - IDCW averaged 6.28% (best 19.83%, worst -9.99%). 88% of rolling windows ended positive. The 5-year Sharpe ratio is 0.00 — weak risk-adjusted performance.

In calendar year 2025, Franklin India ELSS Tax Saver Fund - Direct - IDCW returned -4.71% — lagging the ELSS category average of 2.19% by 6.90 pp. It ranked #65 of 70 in its category that year.

Franklin India ELSS Tax Saver Fund - Direct - IDCW is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Franklin India ELSS Tax Saver Fund - Direct - IDCW is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 27.4%. 5-year CAGR: 5.18%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.