COMPARE
Franklin India ELSS Tax Saver Fund - Direct - Growth vs Franklin India Flexi Cap Fund - Direct - Growth
Franklin India ELSS Tax Saver Fund and Franklin India Flexi Cap Fund are in different categories (ELSS vs Flexi Cap Fund), from Franklin Templeton Asset Management (India) Private Limited. Franklin India Flexi Cap Fund has posted a higher 3-year rolling CAGR. Franklin India Flexi Cap Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Franklin India Flexi Cap Fund has the lower direct-plan expense ratio, by 0.17 percentage points.
| Franklin India ELSS Tax Saver Fund - Direct - Growth | Franklin India Flexi Cap Fund - Direct - Growth | |
|---|---|---|
| Category | ELSS | Flexi Cap Fund |
| AMC | Franklin Templeton Asset Management (India) Private Limited | Franklin Templeton Asset Management (India) Private Limited |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| NAV | ₹1524.1525 (2026-09-30) | ₹1702.1894 (2026-09-30) |
| AUM | ₹5,952.64 Cr | ₹18,540.98 Cr |
| Expense Ratio (Direct) | 1.17% | 1% |
| Inception | 1994-04-10 | 1994-09-29 |
Returns
Franklin India Flexi Cap Fund leads on 3-year rolling CAGR (18.0% vs Franklin India ELSS Tax Saver Fund's 17.2%) - see the FAQ below for percentile context within each fund's own category.
Risk Metrics
Franklin India ELSS Tax Saver Fund has been the more volatile of the two by standard deviation.
| Franklin India ELSS Tax Saver Fund - Direct - Growth | Franklin India Flexi Cap Fund - Direct - Growth | |
|---|---|---|
| 3Y Sharpe Ratio | 0.20 | 0.23 |
| 3Y Alpha | -0.0808% | 0.231% |
| 3Y Std Deviation | 12.9306% | 12.9235% |
| 3Y Calmar Ratio | 0.56 | 0.59 |
Portfolio Analytics
Franklin India ELSS Tax Saver Fund carries the higher portfolio YTM.
| Franklin India ELSS Tax Saver Fund - Direct - Growth | Franklin India Flexi Cap Fund - Direct - Growth | |
|---|---|---|
| P/E Ratio | 24.0186 | 24.644 |
| P/B Ratio | - | - |
| Dividend Yield | 1.1852% | 1.2109% |
| Active Share | 60.19% | 58.72% |
| Portfolio Turnover | 2262% | 29.34% |
| YTM | 5.2602% | 5.2459% |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Franklin India Flexi Cap Fund has the stronger Punji Quality grade of the two.
| Franklin India ELSS Tax Saver Fund - Direct - Growth | Franklin India Flexi Cap Fund - Direct - Growth | |
|---|---|---|
| Quality Grade | D | C |
| Safety Grade | D | D |
| Compound Grade | D | C |
Frequently asked questions
Which has a higher 3-year return, Franklin India ELSS Tax Saver Fund or Franklin India Flexi Cap Fund?
Franklin India Flexi Cap Fund's 3-year rolling CAGR of 18.0% is higher than Franklin India ELSS Tax Saver Fund's 17.2%. Franklin India Flexi Cap Fund sits in the 73rd percentile of its category on this metric, versus the 47th percentile for Franklin India ELSS Tax Saver Fund - though note both funds may belong to different categories with different medians, so a raw CAGR comparison doesn't account for how each fund performed relative to its own peers. A higher historical return also doesn't necessarily mean lower risk; check the risk metrics below before concluding either fund is the "better" choice.
Which has a lower expense ratio, Franklin India ELSS Tax Saver Fund or Franklin India Flexi Cap Fund?
Franklin India Flexi Cap Fund's direct-plan expense ratio is 0.17 percentage points lower than Franklin India ELSS Tax Saver Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Which fund carries more risk, Franklin India ELSS Tax Saver Fund or Franklin India Flexi Cap Fund?
By standard deviation (a measure of how much a fund's returns swing around its own average), Franklin India ELSS Tax Saver Fund has been more volatile than Franklin India Flexi Cap Fund over the trailing window. Standard deviation captures total volatility in both directions - up and down - so a higher figure means bigger swings generally, not necessarily bigger losses specifically. Sharpe ratio (0.20 for Franklin India ELSS Tax Saver Fund vs 0.23 for Franklin India Flexi Cap Fund) is a better single measure of risk-adjusted return, since it weighs the return earned per unit of volatility taken rather than volatility alone.
Which has higher AUM, Franklin India ELSS Tax Saver Fund or Franklin India Flexi Cap Fund?
Franklin India Flexi Cap Fund has ₹18,541 Cr in assets under management, versus ₹5,953 Cr for Franklin India ELSS Tax Saver Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which has a higher yield to maturity (YTM), Franklin India ELSS Tax Saver Fund or Franklin India Flexi Cap Fund?
Franklin India ELSS Tax Saver Fund's portfolio YTM (5.2602%) is higher than Franklin India Flexi Cap Fund's. YTM is the weighted-average return a debt fund's current bond holdings would earn if held to maturity, assuming no defaults and coupons reinvested at the same rate - a useful forward-looking yield estimate for debt funds the way rolling CAGR is for equity funds, though it's an estimate based on today's portfolio, not a guaranteed return, and can move as bonds are bought/sold or as interest rates change.
Which fund has a longer track record, Franklin India ELSS Tax Saver Fund or Franklin India Flexi Cap Fund?
Franklin India ELSS Tax Saver Fund launched on 1994-04-10, making it older than Franklin India Flexi Cap Fund (launched 1994-09-29). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-01. Source: AMFI disclosures via Punji. Not investment advice.