Groww ELSS Tax Saver Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 16.5 as on 29-09-2023
Fund Performance
42 people have invested ₹ 52.5K in Groww ELSS Tax Saver Direct Growth in the last three months
Fund Insights
In the last 1 year, SBI Long Term Equity Fund Direct Growth has given 34.63% return, outperforming this fund by 16.59%.
In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 26.82% return, outperforming this fund by 14.47% per annum.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.85% which is lower than the category average expense ratio of 1.32%.
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 36.58% return, outperforming this fund by 16.4% per annum.
INDmoney Rank
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Pros
Beats FD returns for both 3Y & 5Y duration
Cons
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category
About the Fund
Groww ELSS Tax Saver Direct Growth is an equity fund. This fund was started on 28 December, 2017. The fund is managed by Kaustubh Sule, Anupam Tiwari. The fund could potentially beat inflation in the long-run.
Key Parameters
- Groww ELSS Tax Saver Direct Growth has ₹37 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.9.
Groww ELSS Tax Saver Direct Growth Overview
 | 0.85% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹37 Cr |
 | 28 December, 2017 |
 | ₹500/₹1000 |
 | 0% |
 | 3 Years |
 TurnOver | 25.31% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
74.8%
Mid cap
14.6%
Small cap
6.8%
Sector Allocation
Financial Services
37.9%
Industrial
15.3%
Consumer Cyclical
13.2%
Tech
10%
Basic Materials
8%
Consumer Defensive
6.6%
Communication
3.1%
Health
2.8%
Energy
2%
Real Estate
1.1%
Top Holdings of Groww ELSS Tax Saver Direct Growth as on (31-Aug-23)
Equity Holdings45
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 8.32% | 0% | |
 HDFC Bank Ltd | 7.81% | 0% | |
 Larsen & Toubro Ltd | 5.65% | 0% | |
 Bajaj Finance Ltd | 4.13% | 0% | |
 Tata Motors Ltd | 3.16% | 0% |
See all
Groww ELSS Tax Saver Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -1.59% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund underperformed Nifty 500 by 0.85% in Aug'23
AUM Change
- AUM of the fund stands at 37.3 Cr as of Aug'23
- AUM decreased by 1.2 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Groww ELSS Tax Saver Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Birlasoft Ltd | 17.9% |
 Coforge Ltd | 12.8% |
 Persistent Systems Ltd | 11.7% |
Top Losers | 1M Return |
|---|---|
 Cummins India Ltd | -11.4% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Groww ELSS Tax Saver Direct Growth Fund Manager
Kaustubh Sule
Fund Manager of Groww ELSS Tax Saver Direct Growth, since 11 May 2023
Top funds managed
Anupam Tiwari
Fund Manager of Groww ELSS Tax Saver Direct Growth, since 4 May 2023
Top funds managed
Fund 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 9.08% since inception which is less than its category average return of 14.24%
Fund Allocations
This fund has an allocation of 98.44% in Equity, 0% in Debt and 1.56% in Cash related instruments
AUM size ₹37 Cr
This fund has AUM of ₹37 Cr which is less than its category average of ₹ 2953 Cr
Expense Ratio 0.85%
This fund has an expense ratio of 0.85% which is less than its category average expense ratio of 1.5%
Frequently Asked Questions
The current NAV of Groww ELSS Tax Saver Direct Growth is ₹16.49 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Groww ELSS Tax Saver Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.68% | 2.68% |
6 Month Returns | 17.62% | 17.62% |
1 Year Returns | 18.04% | 18.04% |
3 Years Returns | 73.58% | 20.18% |
5 Years Returns | 79.04% | 12.35% |
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0.85% as on August 2023
₹37 Cr as on August 2023
ICICI Bank Ltd(8.32%), HDFC Bank Ltd(7.81%), Larsen & Toubro Ltd(5.65%), Bajaj Finance Ltd(4.13%), Tata Motors Ltd(3.16%) as on August 2023
Financial Services(37.32%), Industrial(15.03%), Consumer Cyclical(13%) as on August 2023
The alpha ratio for the Groww ELSS Tax Saver Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww ELSS Tax Saver Direct Growth | - | - | - |
As on August 2023
The alpha for Groww ELSS Tax Saver Direct Growth 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 Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww ELSS Tax Saver Direct Growth | - | - | - |
As on August 2023
The Beta for Groww ELSS Tax Saver Direct Growth 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 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 Direct Growth | 0.3 | 0.99 | 0.33 |
As on August 2023
The sharpe ratio for Groww ELSS Tax Saver Direct Growth 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 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 Direct Growth | 11.38 | 13.41 | 17.73 |
As on August 2023
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 1.95 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Kaustubh Sule, Anupam Tiwari are the fund managers of Groww ELSS Tax Saver Direct Growth
The Exit load of Groww ELSS Tax Saver Direct Growth is 0%