Groww ELSS Tax Saver Fund Direct Growth
NAV as on 22-04-2025
₹ 21
▲1.6%
1D
Inception Returns
10.6%
/yr
Historical NAV & Returns
Absolute
▲
▼
137 people have invested ₹ 3.4L in Groww ELSS Tax Saver Fund Direct Growth in the last three months
About Groww ELSS Tax Saver Fund Direct Growth
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. The fund could potentially beat inflation in the long-run.
Key Parameters
- Groww ELSS Tax Saver Fund Direct Growth has ₹46 Cr worth of assets under management (AUM) as on Mar 2025 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 10.63% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 4.44%, 14.12% and 21.31% respectively.
Holdings
Groww ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Communication, Basic Materials, Consumer Defensive. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, State Bank of India, Persistent Systems Ltd, Bajaj Finance Ltd
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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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 500.00. There is a lock in period for Groww ELSS Tax Saver Fund Direct Growth of 3 Years
Groww ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.55% |
Benchmark | BSE 500 India TR INR |
| AUM | ₹46 Cr |
| Inception Date | 28 December, 2017 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 89.53% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for Groww ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
Trailing Returns
as on (22-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
51.1%
Mid cap
22.4%
Small cap
19.8%
Sector Allocation
Financial Services
38.6%
Consumer Cyclical
19.6%
Industrial
14.6%
Tech
14.4%
Health
5%
Communication
3%
Basic Materials
2.8%
Consumer Defensive
2.1%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 6.44% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund underperformed Nifty 500 by 0.81% in Mar'25
- AUM of the fund stands at 46.4 Cr as of Mar'25
- AUM increased by 3.8 Cr between Mar'25 and Feb'25
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 3.16% to 6.09%
ICICI Bank Ltd's allocation increased from 5.4% to 7.52%
Persistent Systems Ltd's allocation increased from 2.32% to 3.68%
Top Stocks sold last month
Bajaj Finance Ltd's allocation decreased from 3.71 % to 3.57 %
Cholamandalam Investment and Finance Co Ltd's allocation decreased from 3.84 % to 3.25 %
Craftsman Automation Ltd's allocation decreased from 2.91 % to 2.89 %
Mid Cap allocation has gone up from 21.6% to 22.4%
Large Cap allocation has gone up from 50.6% to 51.1%
Small Cap allocation has gone up from 18.6% to 19.8%
Cash allocation has gone down from 9.2% to 6.7%
Top 3 Sectors in March were Financial Services, Consumer Cyclical & Tech
Mar'25
Financial Services
39%
Consumer Cyclical
20%
Industrial
15%
Feb'25
Financial Services
33%
Consumer Cyclical
21%
Tech
17%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 7.52% | 35.7% | |
 HDFC Bank Ltd | 6.09% | 99.2% | |
 State Bank of India | 4.88% | 0% | |
 Persistent Systems Ltd | 3.68% | 0% | |
 Bajaj Finance Ltd | 3.57% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
Groww ELSS Tax Saver Fund Direct Growth | 4.44% | 14.12% | 21.31% | 10.63% |
 DSP ELSS Tax Saver Fund Direct Plan Growth | 18.78% | 19.76% | 29.03% | 18.23% |
 SBI Long Term Equity Fund Direct Growth | 10.8% | 23.95% | 30.59% | 16.63% |
 Mirae Asset ELSS Tax Saver Fund -Direct Plan-Growth | 10.77% | 15.07% | 27.07% | 19.28% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 35% |
 State Bank of India | 4.6% |
 ICICI Bank Ltd | 3.8% |
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Anupam Tiwari
Fund Manager of Groww ELSS Tax Saver Fund Direct Growth, since 4 May 2023
Top funds managed
Fund House
Groww Asset Management Ltd.
Total Schemes
Total AUM
₹1.83K Cr
as on 31-Mar-2025
Address
Floor 12 A, Tower 2 A, One World Centre,,Jupiter Mills Compound Senapati Bapat Marg,Mumbai,Maharashtra
Phone
8050180222
Website
support@growwmf.in
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 9.0% growth in AUM moving from 42.61 Cr to 46.44 Cr.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 37.19% return, outperforming this fund by 15.87% per annum.
In the last 1 year, DSP ELSS Tax Saver Fund Direct Plan Growth has given 18.78% return, outperforming this fund by 14.34%.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.55% which is lower than the category average expense ratio of 1.29%.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 23.95% return, outperforming this fund by 9.84% per annum.
Groww ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 10.63% since inception which is less than its category average return of 14.91%
Fund Allocations
This fund has an allocation of 93.3% in Equity, 0% in Debt and 6.7% in Cash related instruments
AUM size ₹46 Cr
This fund has AUM of ₹46 Cr which is less than its category average of ₹ 4910 Cr
Expense Ratio 0.55%
This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.4%
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5Y CAGR
▲ 24.79
5Y CAGR
▲ 20.97
1Y CAGR
▲ 8.54
1Y CAGR
▲ 11.53
1Y CAGR
▲ 3.74
Frequently Asked Questions for Groww ELSS Tax Saver Fund Direct Growth
The current NAV of Groww ELSS Tax Saver Fund Direct Growth is ₹21 as on 22-Apr-2025.
Existing (Absolute + CAGR) as on 22-Apr-2025.
Groww ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.5% | 2.5% |
6 Month Returns | -9.62% | -9.62% |
1 Year Returns | 4.44% | 4.44% |
3 Years Returns | 48.62% | 14.12% |
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0.55% as on March 2025
₹46 Cr as on March 2025
ICICI Bank Ltd(7.52%), HDFC Bank Ltd(6.09%), State Bank of India(4.88%), Persistent Systems Ltd(3.68%), Bajaj Finance Ltd(3.57%) as on March 2025
Financial Services(35.99%), Consumer Cyclical(18.25%), Industrial(13.62%) as on March 2025
The alpha ratio for the Groww ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | -3.54 | 0.05 | -1.93 |
As on March 2025
The alpha for Groww ELSS Tax Saver Fund Direct Growth is calculated against BSE 500 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 Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 0.96 | 0.96 | 0.91 |
As on March 2025
The Beta for Groww ELSS Tax Saver Fund Direct Growth is calculated with BSE 500 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 Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | -0.19 | 0.5 | 1.06 |
As on March 2025
The sharpe ratio for Groww ELSS Tax Saver Fund Direct Growth is calculated with BSE 500 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 Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 17 | 14.77 | 14.86 |
As on March 2025
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 0.77 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Anupam Tiwari is the fund manager of Groww ELSS Tax Saver Fund Direct Growth
The Exit load of Groww ELSS Tax Saver Fund Direct Growth is 0%