Franklin India ELSS Tax Saver Fund vs UTI BSE Sensex ETF
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India ELSS Tax Saver Fund is an ELSS fund and UTI BSE Sensex ETF is an ETF fund. In the 3 years to 30-10-2026, Franklin India ELSS Tax Saver Fund (Direct) returned 10.3% a year and UTI BSE Sensex ETF (Direct) returned 6.3% a year. 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
Which is better, Franklin India ELSS Tax Saver or UTI BSE Sensex ETF? 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 5.8%.
- Franklin India ELSS Tax Saver returned more over 3 years: 10.3% a year against 6.3%.
- UTI BSE Sensex ETF swung less over 3 years: a standard deviation of 13.3% a year against 13.4%.
- UTI BSE Sensex ETF fell less in its worst fall since 02-09-2015: −37.9% against −39.0%.
- UTI BSE Sensex ETF holds more in large companies: 100.0% of the fund in large caps against 73.9%.
- UTI BSE Sensex ETF is the larger fund: ₹54,461 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 | UTI BSE Sensex ETF |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | UTI Mutual Fund |
| Category | ELSS | ETF |
| AUM | ₹5,839 Cr (30-09-2026) | ₹54,461 Cr (30-09-2026) |
| NAV | ₹1,532.38 (Direct) | ₹826.16 (Direct) |
| Expense ratio (Direct) | 1.15% | 0.00% |
| Expense ratio (Regular) | 1.93% | Not available |
| Riskometer | Not available | Very High |
| Benchmark | Nifty 500 TRI | BSE SENSEX TRI |
| Launch date | 10-04-1999 | 01-09-2015 |
| Minimum investment | 500/500 | On Exchange: Minimum 1 unit from the exchange.Directly with AMC: In multiples of unit creation size |
| Lock in | 3 years | None |
| Fund managers | Janakiraman Rengaraju, Rajasa Kakulavarapu | Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3 |
| Exit load | Nil | Not available |
Franklin India ELSS Tax Saver vs UTI BSE Sensex ETF: 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% |
| UTI BSE Sensex ETF (Direct) | +2.77% | −4.29% | −2.41% | −10.95% | +6.25% | +5.85% | +11.27% |
| 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 UTI BSE Sensex ETF: Year-wise Returns
| Year | Franklin India ELSS Tax SaverFranklin India ELSS Tax Saver | UTI BSE Sensex ETFUTI BSE Sensex ETF |
|---|---|---|
| 2026to date | −8.42% | −11.85% |
| 2025 | +2.85% | +10.33% |
| 2024 | +23.42% | +9.38% |
| 2023 | +32.36% | +20.27% |
| 2022 | +6.27% | +5.73% |
| 2021 | +37.85% | +20.00% |
Franklin India ELSS Tax Saver vs UTI BSE Sensex ETF: 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, 2,007 of them, one for each trading day from 03-09-2018 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)
UTI BSE Sensex ETF (Direct)
Nifty 500 TRI
to
Apr 2019Sept 2017
to
Sept 2020Feb 2019
to
Feb 2022Jun 2020
to
Jun 2023Nov 2021
to
Nov 2024Mar 2023
to
Mar 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 | 6.6 | 3.5 | 12.4 | 23.7 | 26.7 | 17.9 | 9.2 | 15.2% | 16.3% | −8.6% | 35.1% | 47% |
| UTI BSE Sensex ETF | 0.3 | 3.9 | 12.8 | 46.8 | 29.0 | 5.7 | 1.4 | 13.6% | 13.8% | −2.8% | 30.9% | 33% |
| Nifty 500 TRI | 2.5 | 5.7 | 8.3 | 29.0 | 37.4 | 13.2 | 3.8 | 15.0% | 15.4% | −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 02-09-2015. Past returns do not promise future returns.
Franklin India ELSS Tax Saver vs UTI BSE Sensex ETF: 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 01-09-2015 to 30-10-2026: 134 instalments, ₹13,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Franklin India ELSS Tax SaverFranklin India ELSS Tax Saver Fund (Direct) | ₹13,40,000 | ₹28,16,612 | ₹14,76,612 | 12.7% |
| UTI BSE Sensex ETFUTI BSE Sensex ETF (Direct) | ₹13,40,000 | ₹24,05,169 | ₹10,65,169 | 10.0% |
Franklin India ELSS Tax SaverFranklin India ELSS Tax Saver Fund (Direct)
UTI BSE Sensex ETFUTI BSE Sensex ETF (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 UTI BSE Sensex ETF: 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) | UTI BSE Sensex ETF (Direct) |
|---|---|---|
| Return (CAGR) | −9.53% | −10.95% |
| 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% | −0.05% |
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) | UTI BSE Sensex ETF (Direct) |
|---|---|---|
| Return (CAGR) | +10.26% | +6.25% |
| 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% | −0.07% |
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) | UTI BSE Sensex ETF (Direct) |
|---|---|---|
| Return (CAGR) | +10.08% | +5.85% |
| Standard deviation | 13.77% | 13.77% |
| Sharpe ratio | 0.31 | 0.00 |
| Sortino ratio | 0.42 | 0.00 |
| Maximum drawdown | −17.7% (20-06-2022) | −16.1% (31-03-2026) |
| Beta | 0.94 | 1.00 |
| Alpha | +1.45% | −0.07% |
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) | UTI BSE Sensex ETF (Direct) |
|---|---|---|
| Return (CAGR) | +14.26% | +11.12% |
| Standard deviation | 15.10% | 15.97% |
| Sharpe ratio | 0.54 | 0.35 |
| Sortino ratio | 0.74 | 0.48 |
| Maximum drawdown | −39.0% (23-03-2020) | −37.9% (23-03-2020) |
| Beta | 0.92 | 1.00 |
| Alpha | +1.92% | −0.30% |
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)
UTI BSE Sensex ETF (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% |
| UTI BSE Sensex ETF (Direct) | −37.9% | 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 02-09-2015, 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)
UTI BSE Sensex ETF (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)
UTI BSE Sensex ETF (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)
UTI BSE Sensex ETF (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Franklin India ELSS Tax Saver Fund (Direct) | 95% | 92% | 4.08% |
| UTI BSE Sensex ETF (Direct) | 90% | 92% | 4.45% |
From month-end values since 02-09-2015. 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 UTI BSE Sensex ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India ELSS Tax Saver Fund, September 2026; UTI BSE Sensex ETF, September 2026
Holdings in common
- Overlap
- 53.8%
- Held by both
- 17
- Only in Franklin India ELSS Tax Saver
- 33
- Only in UTI BSE Sensex ETF
- 13
| Security | % of Franklin India ELSS Tax Saver | % of UTI BSE Sensex ETF |
|---|---|---|
| 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 UTI BSE Sensex ETF
| Security | % of fund |
|---|---|
| EQ - BAJAJ FINANCE LTD. | 2.99% |
| EQ - ITC LTD. | 2.96% |
| EQ - TATA CONSULTANCY SERVICES LTD. | 2.41% |
| EQ - SUN PHARMACEUTICALS INDUSTRIES | 2.28% |
| EQ - TITAN COMPANY LTD. | 2.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India ELSS Tax Saver | UTI BSE Sensex ETF |
|---|---|---|
| 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 | UTI BSE Sensex ETF |
|---|---|---|
| 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 | UTI BSE Sensex ETF |
|---|---|---|
| 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 UTI BSE Sensex ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India ELSS Tax Saver Fund | UTI BSE Sensex ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.15% | 0.00% |
| Base expense ratio (Direct) | 0.90% | 0.00% |
| Total expense ratio (Regular) | 1.93% | Not available |
| Base expense ratio (Regular) | 1.58% | 0.04% |
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 UTI BSE Sensex ETF: Frequently Asked Questions
What is the difference between Franklin India ELSS Tax Saver Fund and UTI BSE Sensex ETF?
Franklin India ELSS Tax Saver Fund is an ELSS fund, UTI BSE Sensex ETF is an ETF fund, run by Franklin Templeton Mutual Fund and UTI Mutual Fund. Their portfolios overlap 53.8%.
Which has given higher returns, Franklin India ELSS Tax Saver Fund or UTI BSE Sensex ETF?
Over 1 year: Franklin India ELSS Tax Saver Fund −9.53%, UTI BSE Sensex ETF −10.95%. Over 3 years: Franklin India ELSS Tax Saver Fund +10.26% a year, UTI BSE Sensex ETF +6.25% a year. Over 5 years: Franklin India ELSS Tax Saver Fund +10.08% a year, UTI BSE Sensex ETF +5.85% a year. As on 30-10-2026. Past returns do not promise future returns.
How much do Franklin India ELSS Tax Saver Fund and UTI BSE Sensex ETF 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 UTI BSE Sensex ETF?
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 ₹6,78,884 in UTI BSE Sensex ETF (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 UTI BSE Sensex ETF?
Yes. 53.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Franklin India ELSS Tax Saver Fund and UTI BSE Sensex ETF?
Franklin India ELSS Tax Saver Fund: Janakiraman Rengaraju, Rajasa Kakulavarapu. UTI BSE Sensex ETF: Sharwan Kumar Goyal FM 1, Ayush Jain FM 2, Lokesh Kulthia FM 3.
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.