Groww ELSS Tax Saver Fund Direct Growth
About the Fund
Groww ELSS Tax Saver Fund Direct Growth 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
- Groww ELSS Tax Saver Fund Direct Growth has ₹49 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Groww ELSS Tax Saver Fund Direct Growth has given a CAGR return of 13.07% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.50%, 19.14% and 18.75% respectively.
Holdings
Groww ELSS Tax Saver Fund Direct Growth 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 benefitDividends 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 Fund Direct Growth
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 500.00 and for SIP is INR 1000.00. There is a lock in period for Groww ELSS Tax Saver Fund Direct Growth of 3 Years
INDmoney Rank
Fund Overview
| Expense ratio | 0.55% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹49 Cr |
| Inception Date | 28 December, 2017 |
| Min Lumpsum/SIP | ₹500/₹1000 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 25.31% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Returns for the month of Jun
Top Growth Drivers | 1M Return |
|---|---|
 Persistent Systems Ltd | 21.2% |
Samvardhana Motherson International Ltd | 2.4% |
Mutual Fund Insights
Groww ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹49 Cr
Expense Ratio 0.55%
Frequently Asked Questions
Groww ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.72% | 1.72% |
6 Month Returns | 16.84% | 16.84% |
1 Year Returns | 38.5% | 38.5% |
3 Years Returns | 69.13% | 19.14% |
5 Years Returns | 136.14% | 18.75% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 3.42 | 1.05 | -0.55 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 1.01 | 0.94 | 0.91 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 2.43 | 1.05 | 0.72 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 11.69 | 12.71 | 17.49 |