Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl

Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 16.3 as on 22-09-2023

Fund Performance

About the Fund

Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl has ₹37 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
  2. The fund has an expense ratio 0.9.

Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl Overview

Expense ratio
Expense ratio
0.85%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹37 Cr
Inception Date
Inception Date
28 December, 2017
Min Lumpsum/SIP
Min Lumpsum/SIP
₹0/₹0
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
25.31%

Fund Distribution as on (31-Aug-23)

  • Equity 98.4%

  • Debt & Cash 1.6%

Size breakup

Large cap
74.8%
Mid cap
14.6%
Small cap
6.8%

Sector Allocation

Aug'23

Jul'23

Jun'23

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 Reinvestment Inc Dist cum Cap Wdrl as on (31-Aug-23)

  • Equity

Equity Holdings41

Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl: Monthly Changes Updates

All changes are between Jun'23 and Aug'23

Fund Performance

Aug'23
Jul'23
Jun'23
Fund Returns
-1.60%
3.30%
3.95%
Nifty 500
-0.74%
3.21%
4.25%
  • This fund’s returns stands at -1.60% 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

Parameters
Aug'23
Jul'23
Jun'23
AUM
₹ 37.3 Cr
₹ 38.6 Cr
₹ 38.1 Cr
  • 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 Reinvestment Inc Dist cum Cap Wdrl portfolio Returns for the month of Aug

Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl Fund Manager

Anupam Tiwari

Anupam Tiwari

Fund Manager of Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl, since 4 May 2023
Kaustubh Sule

Kaustubh Sule

Fund Manager of Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl, since 11 May 2023

Fund 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 8.91% since inception which is less than its category average return of 14.2%
Fund Allocations

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

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%

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 Reinvestment Inc Dist cum Cap Wdrl is ₹16.31 as on 22-Sep-2023.
Existing (Absolute + CAGR) as on 22-Sep-2023.
Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
1.87%
1.87%
6 Month Returns
16.17%
16.17%
1 Year Returns
11.64%
11.64%
3 Years Returns
73.51%
20.16%
5 Years Returns
72.23%
11.49%
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0.85% as on August 2023
₹37 Cr as on August 2023
ICICI Bank Ltd(8.32%), HDFC Bank Ltd(7.99%), Larsen & Toubro Ltd(5.56%), Bajaj Finance Ltd(4.05%), Tata Motors Ltd(3.19%) 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 Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl
-1.27
-2.44
-1.97
As on August 2023
The alpha for Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl
0.95
0.9
0.9
As on August 2023
The Beta for Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
0.31
1
0.33
As on August 2023
The sharpe ratio for Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
11.31
13.38
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 1.96 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Anupam Tiwari, Kaustubh Sule are the fund managers of Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl
The Exit load of Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl is 0%