Franklin India ELSS Tax Saver Fund vs Nippon India ETF BSE Sensex
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India ELSS Tax Saver Fund is an ELSS fund and Nippon India ETF BSE Sensex is a mutual fund. In the 3 years to 30-10-2026, Franklin India ELSS Tax Saver Fund (Direct) returned 10.3% a year and Nippon India ETF BSE Sensex (Direct) returned 6.3% a year. Franklin India ELSS Tax Saver Fund charges 1.15% a year and Nippon India ETF BSE Sensex 0.04% (Direct plans). Their portfolios overlap 53.8%: they hold 17 of the same securities.
Franklin India ELSS Tax Saver Fund
ELSS
- 3 year return
- 10.3%
- Expense ratio
- 1.15%
- NAV
- ₹1,532.38
Nippon India ETF BSE Sensex
- 3 year return
- 6.3%
- Expense ratio
- 0.04%
- NAV
- ₹857.24
Which is better, Franklin India ELSS Tax Saver or Nippon India ETF BSE Sensex? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Franklin India ELSS Tax Saver returned more over 5 years: 10.1% a year against 5.9%.
- Franklin India ELSS Tax Saver returned more over 3 years: 10.3% a year against 6.3%.
- Nippon India ETF BSE Sensex costs less: 0.04% a year against 1.15% (Direct plans).
- Nippon India ETF BSE Sensex swung less over 3 years: a standard deviation of 13.3% a year against 13.4%.
- Nippon India ETF BSE Sensex fell less in its worst fall since 25-09-2014: −37.8% against −39.0%.
- Nippon India ETF BSE Sensex holds more in large companies: 100.0% of the fund in large caps against 73.9%.
- Nippon India ETF BSE Sensex is the larger fund: ₹27,771 Cr against ₹5,839 Cr.
- Their portfolios overlap 53.8%: 17 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Franklin India ELSS Tax Saver Fund | Nippon India ETF BSE Sensex |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Nippon India Mutual Fund |
| Category | ELSS | Not available |
| AUM | ₹5,839 Cr (30-09-2026) | ₹27,771 Cr (30-09-2026) |
| NAV | ₹1,532.38 (Direct) | ₹857.24 (Direct) |
| Expense ratio (Direct) | 1.15% | 0.04% |
| Expense ratio (Regular) | 1.93% | Not available |
| Riskometer | Not available | Not available |
| Benchmark | Nifty 500 TRI | Not available |
| Launch date | 10-04-1999 | Not available |
| Minimum investment | 500/500 | Not available |
| Lock in | 3 years | Not available |
| Fund managers | Janakiraman Rengaraju, Rajasa Kakulavarapu | Not available |
| Exit load | Nil | Not available |
Franklin India ELSS Tax Saver vs Nippon India ETF BSE Sensex: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Franklin India ELSS Tax Saver Fund (Direct) | +0.54% | −5.02% | −1.80% | −9.53% | +10.26% | +10.08% | +12.22% |
| Nippon India ETF BSE Sensex (Direct) | +2.77% | −4.29% | −2.42% | −10.97% | +6.26% | +5.87% | +11.53% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 50 ELSS funds, same plan type.
Franklin India ELSS Tax Saver vs Nippon India ETF BSE Sensex: Year-wise Returns
| Year | Franklin India ELSS Tax SaverFranklin India ELSS Tax Saver | Nippon India ETF BSE SensexNippon India ETF BSE Sensex |
|---|---|---|
| 2026to date | −8.42% | −11.85% |
| 2025 | +2.85% | +10.33% |
| 2024 | +23.42% | +9.39% |
| 2023 | +32.36% | +20.36% |
| 2022 | +6.27% | +5.73% |
| 2021 | +37.85% | +23.06% |
Franklin India ELSS Tax Saver vs Nippon India ETF BSE Sensex: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Franklin India ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 2,240 of them, one for each trading day from 25-09-2017 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Franklin India ELSS Tax Saver Fund (Direct)
Nippon India ETF BSE Sensex (Direct)
Nifty 500 TRI
to
Jun 2018Jan 2017
to
Jan 2020Jul 2018
to
Jul 2021Feb 2020
to
Feb 2023Aug 2021
to
Aug 2024Feb 2023
to
Feb 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Franklin India ELSS Tax Saver | 5.9 | 3.2 | 14.3 | 28.2 | 24.2 | 16.0 | 8.2 | 14.8% | 14.6% | −8.6% | 35.1% | 45% |
| Nippon India ETF BSE Sensex | 0.3 | 3.5 | 18.9 | 40.0 | 29.4 | 5.8 | 2.0 | 13.4% | 13.7% | −2.8% | 31.9% | 32% |
| Nifty 500 TRI | 2.3 | 5.1 | 8.6 | 35.0 | 33.8 | 11.8 | 3.4 | 14.7% | 14.9% | −6.3% | 33.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 25-09-2014. Past returns do not promise future returns.
Franklin India ELSS Tax Saver vs Nippon India ETF BSE Sensex: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-09-2014 to 30-10-2026: 146 instalments, ₹14,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India ELSS Tax SaverFranklin India ELSS Tax Saver Fund (Direct) | ₹14,60,000 | ₹32,62,433 | ₹18,02,433 | 12.5% |
| Nippon India ETF BSE SensexNippon India ETF BSE Sensex (Direct) | ₹14,60,000 | ₹28,11,813 | ₹13,51,813 | 10.3% |
Franklin India ELSS Tax SaverFranklin India ELSS Tax Saver Fund (Direct)
Nippon India ETF BSE SensexNippon India ETF BSE Sensex (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Franklin India ELSS Tax Saver vs Nippon India ETF BSE Sensex: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India ELSS Tax Saver Fund (Direct) | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | −9.53% | −10.97% |
| Standard deviation | 13.72% | 13.99% |
| Sharpe ratio | -1.08 | -1.16 |
| Sortino ratio | -1.44 | -1.55 |
| Maximum drawdown | −14.9% (31-03-2026) | −16.1% (31-03-2026) |
| Beta | 0.93 | 1.00 |
| Alpha | −3.03% | −0.07% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin India ELSS Tax Saver Fund (Direct) | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | +10.26% | +6.26% |
| Standard deviation | 13.41% | 13.26% |
| Sharpe ratio | 0.32 | 0.02 |
| Sortino ratio | 0.43 | 0.02 |
| Maximum drawdown | −16.7% (28-02-2025) | −16.1% (31-03-2026) |
| Beta | 0.92 | 1.00 |
| Alpha | +0.37% | −0.06% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin India ELSS Tax Saver Fund (Direct) | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | +10.08% | +5.87% |
| Standard deviation | 13.77% | 13.76% |
| Sharpe ratio | 0.31 | 0.00 |
| Sortino ratio | 0.42 | 0.01 |
| Maximum drawdown | −17.7% (20-06-2022) | −16.1% (31-03-2026) |
| Beta | 0.94 | 1.00 |
| Alpha | +1.45% | −0.05% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Franklin India ELSS Tax Saver Fund (Direct) | Nippon India ETF BSE Sensex (Direct) |
|---|---|---|
| Return (CAGR) | +14.26% | +10.19% |
| Standard deviation | 15.10% | 15.93% |
| Sharpe ratio | 0.54 | 0.28 |
| Sortino ratio | 0.74 | 0.38 |
| Maximum drawdown | −39.0% (23-03-2020) | −37.8% (23-03-2020) |
| Beta | 0.92 | 1.00 |
| Alpha | +1.92% | −0.07% |
From daily NAVs, 01-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Franklin India ELSS Tax Saver Fund (Direct)
Nippon India ETF BSE Sensex (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India ELSS Tax Saver Fund (Direct) | −39.0% | 17-01-2020 | 23-03-2020 | 18-11-2020 | 8 months | −11.1% |
| Nippon India ETF BSE Sensex (Direct) | −37.8% | 14-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −12.4% |
| Nifty 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −8.8% |
From daily values since 25-09-2014, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India ELSS Tax Saver Fund (Direct)
Nippon India ETF BSE Sensex (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India ELSS Tax Saver Fund (Direct)
Nippon India ETF BSE Sensex (Direct)
Nifty 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Franklin India ELSS Tax Saver Fund (Direct)
Nippon India ETF BSE Sensex (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Franklin India ELSS Tax Saver Fund (Direct) | 96% | 89% | 4.23% |
| Nippon India ETF BSE Sensex (Direct) | 90% | 94% | 4.28% |
From month-end values since 25-09-2014. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Franklin India ELSS Tax Saver vs Nippon India ETF BSE Sensex: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India ELSS Tax Saver Fund, September 2026; Nippon India ETF BSE Sensex, September 2026
Holdings in common
- Overlap
- 53.8%
- Held by both
- 17
- Only in Franklin India ELSS Tax Saver
- 33
- Only in Nippon India ETF BSE Sensex
- 13
| Security | % of Franklin India ELSS Tax Saver | % of Nippon India ETF BSE Sensex |
|---|---|---|
| ICICI Bank Ltd | 7.47% | 11.03% |
| HDFC Bank Ltd | 5.78% | 12.59% |
| State Bank of India | 4.66% | 4.64% |
| Larsen & Toubro Ltd | 4.62% | 5.11% |
| Axis Bank Ltd | 5.20% | 4.08% |
| Bharti Airtel Ltd | 3.28% | 6.38% |
| Infosys Ltd | 3.25% | 4.08% |
| Kotak Mahindra Bank Ltd | 3.12% | 3.57% |
| Mahindra & Mahindra Ltd | 3.04% | 3.07% |
| Reliance Industries Ltd | 2.99% | 9.15% |
| Eternal Ltd | 4.11% | 2.69% |
| NTPC Ltd | 1.92% | 1.78% |
| Bharat Electronics Ltd | 2.63% | 1.62% |
| Tata Steel Ltd | 1.59% | 1.77% |
| HCL Technologies Ltd | 2.00% | 1.51% |
| Interglobe Aviation Ltd | 1.68% | 1.30% |
| Asian Paints Ltd | 1.00% | 1.26% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.8% means 53.8% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Franklin India ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Apollo Hospitals Enterprise Ltd | 2.54% |
| Marico Ltd | 2.33% |
| Kirloskar Oil Engines Ltd | 2.26% |
| Hindustan Aeronautics Ltd | 1.91% |
| Cipla Ltd | 1.85% |
Largest holdings only in Nippon India ETF BSE Sensex
| Security | % of fund |
|---|---|
| Bajaj Finance Limited | 2.99% |
| ITC Limited | 2.96% |
| Tata Consultancy Services Limited | 2.41% |
| Sun Pharmaceutical Industries Limited | 2.28% |
| Titan Company Limited | 2.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India ELSS Tax Saver | Nippon India ETF BSE Sensex |
|---|---|---|
| Equity | 93.8% | 100.0% |
| Debt | 0.3% | 0.0% |
| Cash and others | 5.9% | 0.0% |
Market cap of stocks
| Market cap | Franklin India ELSS Tax Saver | Nippon India ETF BSE Sensex |
|---|---|---|
| Large Cap | 73.9% | 100.0% |
| Mid Cap | 12.2% | 0.0% |
| Small Cap | 7.7% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Franklin India ELSS Tax Saver | Nippon India ETF BSE Sensex |
|---|---|---|
| Banks | 26.2% | 35.9% |
| Petroleum Products | 4.0% | 9.2% |
| IT - Software | 5.8% | 9.1% |
| Telecom - Services | 3.3% | 6.4% |
| Retailing | 5.6% | 3.7% |
| Construction | 4.6% | 5.1% |
| Diversified FMCG | 0.0% | 4.9% |
| Aerospace & Defense | 4.5% | 1.6% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India ELSS Tax Saver vs Nippon India ETF BSE Sensex: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India ELSS Tax Saver Fund | Nippon India ETF BSE Sensex |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 0.04% |
| Base expense ratio (Direct) | 0.90% | 0.03% |
| Total expense ratio (Regular) | 1.93% | Not available |
| Base expense ratio (Regular) | 1.58% | 0.00% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Franklin India ELSS Tax Saver Fund vs Nippon India ETF BSE Sensex: Frequently Asked Questions
What is the difference between Franklin India ELSS Tax Saver Fund and Nippon India ETF BSE Sensex?
Franklin India ELSS Tax Saver Fund is an ELSS fund, Nippon India ETF BSE Sensex is a mutual fund, run by Franklin Templeton Mutual Fund and Nippon India Mutual Fund. Their portfolios overlap 53.8%. Franklin India ELSS Tax Saver Fund charges 1.15% a year and Nippon India ETF BSE Sensex 0.04%.
Which has given higher returns, Franklin India ELSS Tax Saver Fund or Nippon India ETF BSE Sensex?
Over 1 year: Franklin India ELSS Tax Saver Fund −9.53%, Nippon India ETF BSE Sensex −10.97%. Over 3 years: Franklin India ELSS Tax Saver Fund +10.26% a year, Nippon India ETF BSE Sensex +6.26% a year. Over 5 years: Franklin India ELSS Tax Saver Fund +10.08% a year, Nippon India ETF BSE Sensex +5.87% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Franklin India ELSS Tax Saver Fund or Nippon India ETF BSE Sensex?
Nippon India ETF BSE Sensex charges less: 0.04% a year against 1.15%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India ELSS Tax Saver Fund and Nippon India ETF BSE Sensex overlap?
53.8%. They hold 17 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, SBIN. From each fund's latest monthly portfolio.
Which is better for SIP, Franklin India ELSS Tax Saver Fund or Nippon India ETF BSE Sensex?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,53,833 in Franklin India ELSS Tax Saver Fund (XIRR 8.3% a year) and ₹6,79,092 in Nippon India ETF BSE Sensex (XIRR 4.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Franklin India ELSS Tax Saver Fund and Nippon India ETF BSE Sensex?
Yes. 53.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.