Groww ELSS Tax Saver Direct Dividend Sweep

Equity
Direct
Elss (Tax Savings)
Groww ELSS Tax Saver Direct Dividend Sweep

About the Fund

Groww ELSS Tax Saver Direct Dividend Sweep is an equity fund. This fund was started on 28 December, 2017. The fund is managed by Anupam Tiwari, Kaustubh Sule. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Groww ELSS Tax Saver Direct Dividend Sweep has ₹49 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Groww ELSS Tax Saver Direct Dividend Sweep has given a CAGR return of 13.34% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 41.67%, 19.73% and 18.26% respectively.

Holdings

Groww ELSS Tax Saver Direct Dividend Sweep has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Tech, Industrial, Energy, Basic Materials, Consumer Defensive, Communication, Health. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Larsen & Toubro Ltd, State Bank of India

Taxation

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Groww ELSS Tax Saver Direct Dividend Sweep

The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. The scheme shall offer tax benefits under Section 80C of the Income Tax Act. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 0.00 and for SIP is INR 0.00. There is a lock in period for Groww ELSS Tax Saver Direct Dividend Sweep of 3 Years

Fund Performance

Fund Overview

Expense ratio0.55%
Benchmark
S&P BSE 200 India TR INR
AUM₹49 Cr
Inception Date28 December, 2017
Min Lumpsum/SIP--/--
Exit Load0%
Lock In3 Years
TurnOver
25.31%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 93.3%

  • Debt & Cash 6.7%

Large cap
60.9%

Mid cap
18.3%

Small cap
14.2%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
32.6%
Consumer Cyclical
22.8%
Tech
15%
Industrial
14.8%
Energy
5.2%
Basic Materials
3.7%
Consumer Defensive
3.1%
Communication
1.8%
Health
1.1%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Anupam Tiwari
Anupam Tiwari
Fund Manager of Groww ELSS Tax Saver Direct Dividend Sweep, since 4 May 2023
Kaustubh Sule
Kaustubh Sule
Fund Manager of Groww ELSS Tax Saver Direct Dividend Sweep, since 11 May 2023

Groww ELSS Tax Saver Direct Dividend Sweep Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 13.34% since inception which is less than its category average return of 16.83%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.32% in Equity, 0% in Debt and 6.68% in Cash related instruments
AUM size ₹49 Cr

AUM size ₹49 Cr

This fund has AUM of ₹49 Cr which is less than its category average of ₹ 3925 Cr
Expense Ratio 0.55%

Expense Ratio 0.55%

This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Groww ELSS Tax Saver Direct Dividend Sweep is ₹22.75 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
Groww ELSS Tax Saver Direct Dividend Sweep
Absolute Returns
CAGR Returns
1 Month Returns
3.65%
3.65%
6 Month Returns
17.43%
17.43%
1 Year Returns
41.67%
41.67%
3 Years Returns
71.66%
19.73%
5 Years Returns
131.26%
18.26%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.55% as on June 2024
₹49 Cr as on June 2024
HDFC Bank Ltd(7.23%), ICICI Bank Ltd(6.33%), Axis Bank Ltd(4.59%), Larsen & Toubro Ltd(3.55%), State Bank of India(3%) as on June 2024
Financial Services(30.44%), Consumer Cyclical(21.23%), Tech(13.98%) as on June 2024
The alpha ratio for the Groww ELSS Tax Saver Direct Dividend Sweep for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Groww ELSS Tax Saver Direct Dividend Sweep
3.39
1.11
-0.57
As on June 2024
The alpha for Groww ELSS Tax Saver Direct Dividend Sweep is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Groww ELSS Tax Saver Direct Dividend Sweep for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Groww ELSS Tax Saver Direct Dividend Sweep
1.01
0.94
0.91
As on June 2024
The Beta for Groww ELSS Tax Saver Direct Dividend Sweep is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Groww ELSS Tax Saver Direct Dividend Sweep for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Groww ELSS Tax Saver Direct Dividend Sweep
2.43
1.05
0.72
As on June 2024
The sharpe ratio for Groww ELSS Tax Saver Direct Dividend Sweep is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Groww ELSS Tax Saver Direct Dividend Sweep for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Groww ELSS Tax Saver Direct Dividend Sweep
11.71
12.68
17.49
As on June 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.01 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.15 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Anupam Tiwari, Kaustubh Sule are the fund managers of Groww ELSS Tax Saver Direct Dividend Sweep
The Exit load of Groww ELSS Tax Saver Direct Dividend Sweep is 0%