Franklin India Multi-Factor Fund vs Groww ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Multi-Factor Fund is a Thematic fund and Groww ELSS Tax Saver Fund is an ELSS fund. Franklin India Multi-Factor Fund charges 1.14% a year and Groww ELSS Tax Saver Fund 1.52% (Direct plans). Their portfolios overlap 59.5%: they hold 54 of the same securities.
Franklin India Multi-Factor Fund
Thematic
- Expense ratio
- 1.14%
- NAV
- ₹9.02
Which is better, Franklin India Multi-Factor or Groww ELSS Tax Saver? 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 Multi-Factor costs less: 1.14% a year against 1.52% (Direct plans).
- Franklin India Multi-Factor fell less in its worst fall since 28-11-2025: −13.8% against −15.3%.
- Franklin India Multi-Factor is the larger fund: ₹581 Cr against ₹48 Cr.
- Their portfolios overlap 59.5%: 54 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 Multi-Factor Fund | Groww ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Groww Mutual Fund |
| Category | Thematic | ELSS |
| AUM | ₹581 Cr (30-09-2026) | ₹48 Cr (30-09-2026) |
| NAV | ₹9.02 (Direct) | ₹20.99 (Direct) |
| Expense ratio (Direct) | 1.14% | 1.52% |
| Expense ratio (Regular) | 2.80% | 2.92% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | BSE 500 TRI |
| Launch date | Not available | 28-12-2017 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | 3 years |
| Fund managers | Not available | Paras Matalia, Nikhil Satam |
| Exit load | Not available | Nil |
Franklin India Multi-Factor vs Groww ELSS Tax Saver: 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 Multi-Factor Fund (Direct) | −0.19% | −6.70% | −5.31% | -- | -- | -- | -- |
| Groww ELSS Tax Saver Fund (Direct) | +0.77% | −4.29% | −1.55% | −9.41% | +9.02% | +7.69% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 235 Thematic funds and the 50 ELSS funds, same plan type.
Franklin India Multi-Factor vs Groww ELSS Tax Saver: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | Groww ELSS Tax SaverGroww ELSS Tax Saver |
|---|---|---|
| 2026to date | −10.63% | −8.58% |
| 2025 | -- | +0.70% |
| 2024 | -- | +20.19% |
| 2023 | -- | +27.49% |
| 2022 | -- | +4.57% |
| 2021 | -- | +23.63% |
Franklin India Multi-Factor vs Groww ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against BSE 200 TRI, the benchmark of Franklin India Multi-Factor Fund
Franklin India Multi-Factor vs Groww ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Franklin India Multi-Factor Fund (Direct) | Groww ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.62% | +8.71% |
| Standard deviation | 14.25% | 15.45% |
| Sharpe ratio | -1.11 | 0.22 |
| Sortino ratio | -1.45 | 0.29 |
| Maximum drawdown | −13.8% (31-03-2026) | −34.6% (23-03-2020) |
| Beta | 0.97 | 0.90 |
| Alpha | −1.09% | −1.85% |
From daily NAVs, 28-11-2025 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.
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 Multi-Factor Fund (Direct)
Groww ELSS Tax Saver Fund (Direct)
BSE 200 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Franklin India Multi-Factor Fund (Direct) | −13.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −11.3% |
| Groww ELSS Tax Saver Fund (Direct) | −15.3% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.4% |
| BSE 200 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −9.9% |
From daily values since 28-11-2025, the first day every fund has.
Franklin India Multi-Factor vs Groww ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; Groww ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 59.5%
- Held by both
- 54
- Only in Franklin India Multi-Factor
- 36
- Only in Groww ELSS Tax Saver
- 45
| Security | % of Franklin India Multi-Factor | % of Groww ELSS Tax Saver |
|---|---|---|
| HDFC Bank Ltd | 5.90% | 6.77% |
| ICICI Bank Ltd | 5.08% | 5.98% |
| Reliance Industries Ltd | 4.24% | 4.92% |
| Bharti Airtel Ltd | 3.83% | 3.52% |
| Larsen & Toubro Ltd | 2.67% | 2.72% |
| State Bank of India | 2.71% | 2.29% |
| Infosys Ltd | 2.32% | 2.08% |
| Bajaj Finance Ltd | 1.58% | 1.78% |
| Titan Co Ltd | 1.92% | 1.57% |
| Axis Bank Ltd | 1.46% | 1.86% |
| ITC Ltd | 2.30% | 1.36% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 1.30% |
| Bajaj Auto Ltd | 1.37% | 1.23% |
| Tata Consultancy Services Ltd | 1.21% | 1.28% |
| FSN E-Commerce Ventures Ltd | 1.10% | 1.05% |
| Mahindra & Mahindra Ltd | 1.01% | 1.75% |
| Kotak Mahindra Bank Ltd | 0.90% | 1.98% |
| NTPC Ltd | 1.24% | 0.88% |
| Divi's Laboratories Ltd | 1.33% | 0.87% |
| Indian Hotels Co Ltd | 0.83% | 0.95% |
| Laurus Labs Ltd | 0.79% | 1.63% |
| Shriram Finance Ltd | 0.78% | 1.23% |
| Marico Ltd | 0.82% | 0.77% |
| Solar Industries India Ltd | 1.20% | 0.69% |
| Adani Power Ltd | 1.02% | 0.69% |
| Eternal Ltd | 0.69% | 1.41% |
| Tata Motors Ltd | 1.13% | 0.68% |
| Hindalco Industries Ltd | 0.79% | 0.68% |
| Nestle India Ltd | 1.34% | 0.67% |
| Lupin Ltd | 1.19% | 0.66% |
| Trent Ltd | 1.03% | 0.66% |
| Bharat Electronics Ltd | 1.00% | 0.63% |
| Hero MotoCorp Ltd | 1.33% | 0.62% |
| Navin Fluorine International Ltd | 0.56% | 0.88% |
| HCL Technologies Ltd | 1.20% | 0.55% |
| Radico Khaitan Ltd | 0.78% | 0.54% |
| Lenskart Solutions Ltd | 0.87% | 0.53% |
| Ultratech Cement Ltd | 0.52% | 1.06% |
| Tata Steel Ltd | 0.51% | 0.91% |
| Coal India Ltd | 1.42% | 0.51% |
| Hindustan Unilever Ltd | 0.48% | 0.93% |
| Hitachi Energy India Ltd | 0.49% | 0.48% |
| Oracle Financial Services Software Ltd | 0.66% | 0.47% |
| Hindustan Zinc Ltd | 0.50% | 0.46% |
| Pidilite Industries Ltd | 0.63% | 0.46% |
| Indus Towers Ltd | 0.76% | 0.45% |
| Aurobindo Pharma Ltd | 1.08% | 0.44% |
| Adani Energy Solutions Ltd | 0.97% | 0.44% |
| Hindustan Aeronautics Ltd | 0.65% | 0.40% |
| One 97 Communications Ltd | 0.40% | 1.17% |
| Apollo Hospitals Enterprise Ltd | 1.23% | 0.37% |
| Tech Mahindra Ltd | 0.51% | 0.37% |
| Maruti Suzuki India Ltd | 0.27% | 0.76% |
| Ge Vernova T&D India Ltd | 0.25% | 0.47% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 59.5% means 59.5% 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 Multi-Factor Fund
| Security | % of fund |
|---|---|
| Samvardhana Motherson International Ltd | 1.28% |
| Life Insurance Corporation Of India | 1.11% |
| Canara Bank | 1.09% |
| Steel Authority of India Ltd | 1.07% |
| REC Ltd | 1.00% |
Largest holdings only in Groww ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| BSE Ltd | 1.24% |
| Multi Commodity Exchange of India Ltd. | 1.24% |
| Adani Port & Special Economic Zone Ltd | 1.22% |
| TVS Motor Company Limited | 1.03% |
| InterGlobe Aviation Limited | 1.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | Groww ELSS Tax Saver |
|---|---|---|
| Equity | 97.6% | 98.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 1.4% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | Groww ELSS Tax Saver |
|---|---|---|
| Large Cap | 71.7% | 73.0% |
| Mid Cap | 18.2% | 18.6% |
| Small Cap | 7.4% | 7.0% |
| Not on AMFI's list | 0.4% | 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 Multi-Factor | Groww ELSS Tax Saver |
|---|---|---|
| Banks | 19.4% | 21.2% |
| Finance | 7.5% | 5.0% |
| Pharmaceuticals & Biotechnology | 6.4% | 7.1% |
| IT - Software | 5.9% | 6.1% |
| Automobiles | 4.0% | 6.1% |
| Telecom - Services | 5.1% | 4.0% |
| Petroleum Products | 5.0% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs Groww ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | Groww ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 1.52% |
| Base expense ratio (Direct) | 0.62% | 0.83% |
| Total expense ratio (Regular) | 2.80% | 2.92% |
| Base expense ratio (Regular) | 2.07% | 2.08% |
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
Compare Franklin India Multi-Factor with
Franklin India Multi-Factor Fund vs Groww ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and Groww ELSS Tax Saver Fund?
Franklin India Multi-Factor Fund is a Thematic fund, Groww ELSS Tax Saver Fund is an ELSS fund, run by Franklin Templeton Mutual Fund and Groww Mutual Fund. Their portfolios overlap 59.5%. Franklin India Multi-Factor Fund charges 1.14% a year and Groww ELSS Tax Saver Fund 1.52%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or Groww ELSS Tax Saver Fund?
Franklin India Multi-Factor Fund charges less: 1.14% a year against 1.52%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Multi-Factor Fund and Groww ELSS Tax Saver Fund overlap?
59.5%. They hold 54 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Multi-Factor Fund and Groww ELSS Tax Saver Fund?
Yes. 59.5% 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.