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Fund Overview

Fund Size

Fund Size

₹46 Cr

Expense Ratio

Expense Ratio

0.55%

ISIN

ISIN

INF666M01DK7

Minimum SIP

Minimum SIP

₹500

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

28 Dec 2017

About this fund

Groww ELSS Tax Saver Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Groww Mutual Fund. This fund has been in existence for 6 years, 4 months and 20 days, having been launched on 28-Dec-17.
As of 17-May-24, it has a Net Asset Value (NAV) of ₹20.73, Assets Under Management (AUM) of 45.71 Crores, and an expense ratio of 0.55%.
  • Groww ELSS Tax Saver Fund Direct Growth has given a CAGR return of 12.10% since inception.
  • The fund's asset allocation comprises around 95.88% in equities, 0.00% in debts, and 4.12% in cash & cash equivalents.
  • You can start investing in Groww ELSS Tax Saver Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+38.48%

+36.06% (Cat Avg.)

3 Years

+19.62%

+20.13% (Cat Avg.)

5 Years

+16.84%

+18.87% (Cat Avg.)

Since Inception

+12.10%

(Cat Avg.)

Portfolio Summaryas of 30th April 2024

Equity43.83 Cr95.88%
Others1.88 Cr4.12%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
ICICI Bank LtdEquity3.72 Cr8.15%
Larsen & Toubro LtdEquity2.53 Cr5.54%
HDFC Bank LtdEquity2.27 Cr4.97%
Mahindra & Mahindra LtdEquity1.58 Cr3.45%
Axis Bank LtdEquity1.39 Cr3.03%
Reliance Industries LtdEquity1.31 Cr2.86%
Birlasoft LtdEquity1.26 Cr2.76%
CcilCash - Repurchase Agreement1.22 Cr2.67%
Bharti Airtel LtdEquity1.16 Cr2.53%
NTPC LtdEquity1.13 Cr2.47%
State Bank of IndiaEquity1.08 Cr2.36%
Bajaj Finance LtdEquity0.99 Cr2.17%
Tata Consultancy Services LtdEquity0.98 Cr2.15%
Zomato LtdEquity0.94 Cr2.07%
Cummins India LtdEquity0.93 Cr2.04%
Persistent Systems LtdEquity0.91 Cr2.00%
CreditAccess Grameen Ltd Ordinary SharesEquity0.89 Cr1.96%
InterGlobe Aviation LtdEquity0.88 Cr1.94%
Bharat Dynamics Ltd Ordinary SharesEquity0.87 Cr1.91%
Samvardhana Motherson International LtdEquity0.86 Cr1.88%
Cholamandalam Investment and Finance Co LtdEquity0.85 Cr1.85%
Sun Pharmaceuticals Industries LtdEquity0.85 Cr1.85%
Titan Co LtdEquity0.81 Cr1.77%
Tata Motors LtdEquity0.74 Cr1.63%
Bharat Electronics LtdEquity0.74 Cr1.62%
Power Finance Corp LtdEquity0.73 Cr1.60%
Bajaj Auto LtdEquity0.72 Cr1.58%
Mphasis LtdEquity0.68 Cr1.49%
Net Receivable/PayableCash0.66 Cr1.45%
UltraTech Cement LtdEquity0.64 Cr1.39%
Varun Beverages LtdEquity0.62 Cr1.36%
IndusInd Bank LtdEquity0.61 Cr1.33%
Jyothy Labs LtdEquity0.6 Cr1.31%
Lupin LtdEquity0.59 Cr1.28%
KEI Industries LtdEquity0.58 Cr1.28%
Hindalco Industries LtdEquity0.58 Cr1.27%
Syrma SGS Technology LtdEquity0.56 Cr1.22%
Safari Industries (India) LtdEquity0.55 Cr1.21%
Maruti Suzuki India LtdEquity0.54 Cr1.19%
eClerx Services LtdEquity0.51 Cr1.12%
HCL Technologies LtdEquity0.5 Cr1.10%
L&T Technology Services LtdEquity0.5 Cr1.09%
Ujjivan Financial Services LimitedEquity0.47 Cr1.04%
ITC LtdEquity0.46 Cr1.01%
Yatharth Hospital and Trauma Care Services LtdEquity0.45 Cr0.99%
ACC LtdEquity0.45 Cr0.99%
Craftsman Automation LtdEquity0.44 Cr0.96%
DLF LtdEquity0.42 Cr0.93%
Supreme Industries LtdEquity0.42 Cr0.92%
Mrs Bectors Food Specialities Ltd Ordinary SharesEquity0.42 Cr0.92%
Sansera Engineering LtdEquity0.38 Cr0.83%
Happy Forgings LtdEquity0.29 Cr0.63%
SAMHI Hotels LtdEquity0.21 Cr0.46%
Steel Strips Wheels LtdEquity0.2 Cr0.45%

Allocation By Market Cap (Equity)

Large Cap Stocks

65.43%

Mid Cap Stocks

13.95%

Small Cap Stocks

15.46%

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services12.53 Cr27.42%
Industrials7.64 Cr16.71%
Consumer Cyclical7.61 Cr16.64%
Technology5.91 Cr12.93%
Consumer Defensive2.1 Cr4.59%
Healthcare1.89 Cr4.13%
Basic Materials1.67 Cr3.65%
Energy1.31 Cr2.86%
Communication Services1.16 Cr2.53%
Utilities1.13 Cr2.47%
Real Estate0.42 Cr0.93%

Risk & Performance Ratios

Standard Deviation

This fund

12.64%

Cat. avg.

12.86%

Lower the better

Sharpe Ratio

This fund

1.10

Cat. avg.

1.10

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

2.10

Higher the better

Fund Managers

Anupam Tiwari

Anupam Tiwari

Since May 2023

Kaustubh Sule

Kaustubh Sule

Since May 2023

MB

Madhu Babu

Since November 2023

Additional Scheme Detailsas of 30th April 2024

ISININF666M01DK7Expense Ratio0.55%Exit LoadNo ChargesFund Size₹46 CrAge28 Dec 2017Lumpsum Minimum₹500Fund StatusOpen Ended Investment CompanyBenchmarkS&P BSE 500 India TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Withdrawal within 1 year

Flat 15% tax on realised gains (STCG - short term capital gains)

Withdrawal after 1 year

10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)

Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar ELSS (Tax Savings) Funds

Fund nameExpense RatioExit LoadFund size
1Y
Tata India Tax Savings Fund Direct Growth

Very High Risk

0.7%0.0%₹4196.77 Cr33.7%
Tata India Tax Savings Fund Regular Growth

Very High Risk

1.8%0.0%₹4196.77 Cr32.2%
Axis Long Term Equity Fund Regular Growth

Very High Risk

1.5%0.0%₹35641.94 Cr30.8%
Parag Parikh Tax Saver Fund Direct Growth

Very High Risk

0.7%0.0%₹3360.61 Cr33.3%
Parag Parikh Tax Saver Fund Regular Growth

Very High Risk

1.8%0.0%₹3360.61 Cr31.8%
Shriram Long Term Equity Fund Direct Growth

Very High Risk

0.8%0.0%₹49.62 Cr41.2%
Shriram Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹49.62 Cr38.9%
ITI Long Term Equity Fund Direct Growth

Very High Risk

0.5%0.0%₹325.14 Cr58.0%
ITI Long Term Equity Fund Regular Growth

Very High Risk

2.3%0.0%₹325.14 Cr55.1%
Sundaram Diversified Equity Regular Growth

Very High Risk

2.2%0.0%₹1602.76 Cr26.6%

About the AMC

Total AUM

₹656 Cr

Address

Jupiter Mills Compound Senapati Bapat Marg, Mumbai, 400013

Other Funds by Groww Mutual Fund

Fund nameExpense RatioExit LoadFund size
1Y
Groww Nifty Total Market Index Fund Direct Growth

Very High Risk

0.3%0.0%₹131.62 Cr-
Groww FMP Series VI (Plan 2) 1135 Days Direct Growth

Moderate Risk

----
Groww Short Duration Fund Direct Growth

Moderate Risk

0.4%0.0%₹38.41 Cr6.6%
Groww Large Cap Fund Direct Growth

Very High Risk

0.6%1.0%₹120.26 Cr35.2%
Groww Liquid Fund Direct Growth

Low to Moderate Risk

0.1%0.0%₹212.61 Cr7.3%
Groww Arbitrage Fund Direct Growth

Low Risk

0.4%0.0%₹2.49 Cr5.8%
Groww ELSS Tax Saver Fund Direct Growth

Very High Risk

0.6%0.0%₹45.71 Cr38.5%
Groww Dynamic Bond Fund Direct Growth

Moderate Risk

0.5%0.0%₹37.98 Cr6.0%
Groww Aggressive Hybrid Fund Direct Growth

Very High Risk

0.8%1.0%₹41.37 Cr29.0%
Groww Overnight Fund Direct Growth

Low Risk

0.1%0.0%₹28.28 Cr6.7%
Groww Value Fund Direct Growth

Very High Risk

0.9%1.0%₹18.86 Cr41.9%
Groww Multi Cap Fund Direct Growth

Moderately High risk

-0.0%--

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Groww ELSS Tax Saver Fund Direct Growth, as of 17-May-2024, is ₹20.73.
The fund has generated 38.48% over the last 1 year and 19.62% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
The fund's allocation of assets is distributed as 95.88% in equities, 0.00% in bonds, and 4.12% in cash and cash equivalents.
The fund managers responsible for Groww ELSS Tax Saver Fund Direct Growth are:-
  1. Anupam Tiwari
  2. Kaustubh Sule
  3. Madhu Babu