Franklin India Multi-Factor Fund vs Tata ELSS Tax Saver Fund
Direct Plan, Growth option · Data as on 30-10-2026
Franklin India Multi-Factor Fund is a Thematic fund and Tata ELSS Tax Saver Fund is an ELSS fund. Franklin India Multi-Factor Fund charges 1.14% a year and Tata ELSS Tax Saver Fund 0.89% (Direct plans). Their portfolios overlap 44.4%: they hold 29 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 Tata 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.
- Tata ELSS Tax Saver costs less: 0.89% a year against 1.14% (Direct plans).
- Tata ELSS Tax Saver fell less in its worst fall since 28-11-2025: −13.2% against −13.8%.
- Franklin India Multi-Factor holds more in large companies: 71.7% of the fund in large caps against 57.9%.
- Tata ELSS Tax Saver is the larger fund: ₹4,427 Cr against ₹581 Cr.
- Their portfolios overlap 44.4%: 29 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 | Tata ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Franklin Templeton Mutual Fund | Tata Mutual Fund |
| Category | Thematic | ELSS |
| AUM | ₹581 Cr (30-09-2026) | ₹4,427 Cr (30-09-2026) |
| NAV | ₹9.02 (Direct) | ₹50.68 (Direct) |
| Expense ratio (Direct) | 1.14% | 0.89% |
| Expense ratio (Regular) | 2.80% | 1.93% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty 500 TRI |
| Launch date | Not available | 31-03-1996 |
| Minimum investment | Not available | ₹500 |
| Lock in | Not available | 3 years |
| Fund managers | Not available | Sailesh Jain |
| Exit load | Not available | Nil |
Franklin India Multi-Factor vs Tata 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% | -- | -- | -- | -- |
| Tata ELSS Tax Saver Fund (Direct) | −2.51% | −6.01% | −2.29% | −3.65% | +11.67% | +10.34% | +13.42% |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 235 Thematic funds and the 50 ELSS funds, same plan type.
Franklin India Multi-Factor vs Tata ELSS Tax Saver: Year-wise Returns
| Year | Franklin India Multi-FactorFranklin India Multi-Factor | Tata ELSS Tax SaverTata ELSS Tax Saver |
|---|---|---|
| 2026to date | −10.63% | −4.67% |
| 2025 | -- | +6.11% |
| 2024 | -- | +20.81% |
| 2023 | -- | +25.44% |
| 2022 | -- | +7.17% |
| 2021 | -- | +32.06% |
Franklin India Multi-Factor vs Tata 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 Tata 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) | Tata ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.62% | +14.44% |
| Standard deviation | 14.25% | 16.21% |
| Sharpe ratio | -1.11 | 0.54 |
| Sortino ratio | -1.45 | 0.73 |
| Maximum drawdown | −13.8% (31-03-2026) | −36.8% (23-03-2020) |
| Beta | 0.97 | 0.99 |
| Alpha | −1.09% | +2.45% |
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)
Tata 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% |
| Tata ELSS Tax Saver Fund (Direct) | −13.2% | 02-01-2026 | 31-03-2026 | 06-07-2026 | 3 months | −9.1% |
| 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 Tata ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Franklin India Multi-Factor Fund, September 2026; Tata ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 44.4%
- Held by both
- 29
- Only in Franklin India Multi-Factor
- 61
- Only in Tata ELSS Tax Saver
- 33
| Security | % of Franklin India Multi-Factor | % of Tata ELSS Tax Saver |
|---|---|---|
| HDFC Bank Ltd | 5.90% | 5.14% |
| ICICI Bank Ltd | 5.08% | 4.89% |
| Bharti Airtel Ltd | 3.83% | 5.66% |
| Reliance Industries Ltd | 4.24% | 3.62% |
| State Bank of India | 2.71% | 4.42% |
| Larsen & Toubro Ltd | 2.67% | 2.99% |
| Sun Pharmaceutical Industries Ltd | 1.97% | 1.95% |
| Infosys Ltd | 2.32% | 1.83% |
| Bajaj Finance Ltd | 1.58% | 1.69% |
| Samvardhana Motherson International Ltd | 1.28% | 3.32% |
| NTPC Ltd | 1.24% | 2.52% |
| HCL Technologies Ltd | 1.20% | 1.18% |
| Coal India Ltd | 1.42% | 1.16% |
| Bharat Electronics Ltd | 1.00% | 1.17% |
| Cummins India Ltd | 0.99% | 2.47% |
| Life Insurance Corporation Of India | 1.11% | 0.93% |
| Power Finance Corporation Ltd | 0.87% | 0.94% |
| Indian Hotels Co Ltd | 0.83% | 0.84% |
| Great Eastern Shipping Co Ltd | 0.82% | 1.18% |
| Hindalco Industries Ltd | 0.79% | 1.58% |
| Radico Khaitan Ltd | 0.78% | 1.63% |
| Vedanta Aluminium Metal Ltd | 0.74% | 0.77% |
| Tata Motors Ltd | 1.13% | 0.73% |
| Eternal Ltd | 0.69% | 1.47% |
| Kotak Mahindra Bank Ltd | 0.90% | 0.63% |
| Ultratech Cement Ltd | 0.52% | 1.73% |
| Sbi Funds Management Ltd | 0.38% | 0.90% |
| Bank of Baroda | 0.76% | 0.31% |
| Ge Vernova T&D India Ltd | 0.25% | 1.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 44.4% means 44.4% 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 |
|---|---|
| ITC Ltd | 2.30% |
| Titan Co Ltd | 1.92% |
| Axis Bank Ltd | 1.46% |
| Bajaj Auto Ltd | 1.37% |
| Nestle India Ltd | 1.34% |
Largest holdings only in Tata ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| PRICOL LTD | 2.84% |
| MOTILAL OSWAL FINANCIAL SERVICE LTD | 2.76% |
| SPR AUTO TECHNOLOGIES LTD | 2.31% |
| CITY UNION BANK LTD | 2.25% |
| PB FINTECH LTD | 2.13% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Franklin India Multi-Factor | Tata ELSS Tax Saver |
|---|---|---|
| Equity | 97.6% | 97.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.4% | 2.2% |
Market cap of stocks
| Market cap | Franklin India Multi-Factor | Tata ELSS Tax Saver |
|---|---|---|
| Large Cap | 71.7% | 57.9% |
| Mid Cap | 18.2% | 15.8% |
| Small Cap | 7.4% | 21.0% |
| Not on AMFI's list | 0.4% | 3.0% |
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 | Tata ELSS Tax Saver |
|---|---|---|
| Banks | 19.4% | 19.8% |
| Auto Components | 1.3% | 8.8% |
| Capital Markets | 1.1% | 8.3% |
| Finance | 7.5% | 2.6% |
| Industrial Products | 2.8% | 6.7% |
| Pharmaceuticals & Biotechnology | 6.4% | 2.8% |
| IT - Software | 5.9% | 3.0% |
| Telecom - Services | 5.1% | 5.7% |
| Petroleum Products | 5.0% | 3.6% |
| Healthcare Services | 1.7% | 3.9% |
The six largest sectors of each fund's stocks, % of the fund.
Franklin India Multi-Factor vs Tata ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Franklin India Multi-Factor Fund | Tata ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.14% | 0.89% |
| Base expense ratio (Direct) | 0.62% | 0.69% |
| Total expense ratio (Regular) | 2.80% | 1.93% |
| Base expense ratio (Regular) | 2.07% | 1.61% |
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 Tata ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Franklin India Multi-Factor Fund and Tata ELSS Tax Saver Fund?
Franklin India Multi-Factor Fund is a Thematic fund, Tata ELSS Tax Saver Fund is an ELSS fund, run by Franklin Templeton Mutual Fund and Tata Mutual Fund. Their portfolios overlap 44.4%. Franklin India Multi-Factor Fund charges 1.14% a year and Tata ELSS Tax Saver Fund 0.89%.
Which has the lower expense ratio, Franklin India Multi-Factor Fund or Tata ELSS Tax Saver Fund?
Tata ELSS Tax Saver Fund charges less: 0.89% a year against 1.14%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Franklin India Multi-Factor Fund and Tata ELSS Tax Saver Fund overlap?
44.4%. They hold 29 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, BHARTIARTL. From each fund's latest monthly portfolio.
Can I invest in both Franklin India Multi-Factor Fund and Tata ELSS Tax Saver Fund?
Yes. 44.4% 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.