Groww ELSS Tax Saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
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 Kaustubh Sule, Anupam Tiwari. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. 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.
  2. The fund has an expense ratio 0.6.

Returns

Groww ELSS Tax Saver Fund Direct Growth has given a CAGR return of 13.24% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 41.23%, 20.07% and 18.20% 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 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 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

Fund Performance
zero opening, trading, fund transfer fee
118 people have invested ₹ 3.3L in Groww ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

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IND ranking is not available for this fund.
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Beats FD returns for both 3Y & 5Y duration
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5Y returns in the bottom 25% of the category

Fund Overview

Expense ratio0.55%
Benchmark
S&P BSE 200 India TR INR
AUM₹49 Cr
Inception Date28 December, 2017
Min Lumpsum/SIP₹500/₹1000
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

May'24

Apr'24

Mar'24

Financial Services
28.8%
Industrial
20.7%
Consumer Cyclical
18.6%
Tech
12.2%
Consumer Defensive
4.1%
Energy
3.8%
Basic Materials
3%
Communication
2.7%
Health
2.6%
Utilities
2.5%
Real Estate
0.9%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

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

Mutual Fund Insights

Insights icon
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%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.26% return, outperforming this fund by 18.07% per annum.
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Over the last 6 months, this fund has experienced a 15.0% growth in AUM moving from 42.34 Cr to 48.68 Cr.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 29.52% return, outperforming this fund by 9.45% per annum.
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In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 60.99% return, outperforming this fund by 19.76%.

Groww ELSS Tax Saver Fund Direct Growth 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 13.24% since inception which is less than its category average return of 16.75%
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 ₹ 3843 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 1.46%

Frequently Asked Questions

The current NAV of Groww ELSS Tax Saver Fund Direct Growth is ₹22.7 as on 12-Jul-2024.
Existing (Absolute + CAGR) as on 12-Jul-2024.
Groww ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
4.74%
4.74%
6 Month Returns
17.46%
17.46%
1 Year Returns
41.23%
41.23%
3 Years Returns
73.12%
20.07%
5 Years Returns
130.71%
18.2%
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  • 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 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
3.42
1.05
-0.55
As on June 2024
The alpha for Groww ELSS Tax Saver Fund 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 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
1.01
0.94
0.91
As on June 2024
The Beta for Groww ELSS Tax Saver Fund 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 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
2.43
1.05
0.72
As on June 2024
The sharpe ratio for Groww ELSS Tax Saver Fund 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 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
11.69
12.71
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 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.13 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Kaustubh Sule, Anupam Tiwari are the fund managers of Groww ELSS Tax Saver Fund Direct Growth
The Exit load of Groww ELSS Tax Saver Fund Direct Growth is 0%