Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl

Equity
Direct
Elss (Tax Savings)
Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl

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 ₹46 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 12.91% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 41.63%, 18.91% and 17.20% respectively.

Holdings

Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Consumer Defensive, Energy, Basic Materials, Communication, Health, Utilities, Real Estate. Its top holdings are ICICI Bank Ltd, Larsen & Toubro Ltd, HDFC Bank Ltd, Axis Bank Ltd, Reliance Industries 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 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 Direct Reinvestment Inc Dist cum Cap Wdrl

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 0.00 and for SIP is INR 0.00. There is a lock in period for Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl of 3 Years

Fund Performance

Fund Overview

Expense ratio
Expense ratio
0.55%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹46 Cr
Inception Date
Inception Date
28 December, 2017
Min Lumpsum/SIP
Min Lumpsum/SIP
--/--
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
25.31%

Fund Distribution
as on (31-May-24)

  • Equity 96.3%

  • Debt & Cash 3.7%

Large cap
65.9%

Small cap
16%

Mid cap
14.3%

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 Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

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

Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl 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 12.91% since inception which is less than its category average return of 16.46%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.28% in Equity, 0% in Debt and 3.72% in Cash related instruments
AUM size ₹46 Cr

AUM size ₹46 Cr

This fund has AUM of ₹46 Cr which is less than its category average of ₹ 3681 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 Direct Reinvestment Inc Dist cum Cap Wdrl is ₹21.91 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
Groww ELSS Tax Saver Direct Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
8.14%
8.14%
6 Month Returns
18.05%
18.05%
1 Year Returns
41.63%
41.63%
3 Years Returns
68.15%
18.91%
5 Years Returns
121.09%
17.2%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.55% as on May 2024
₹46 Cr as on May 2024
ICICI Bank Ltd(7.29%), Larsen & Toubro Ltd(6.35%), HDFC Bank Ltd(4.98%), Axis Bank Ltd(3.37%), Reliance Industries Ltd(2.77%) as on May 2024
Financial Services(27.76%), Industrial(19.89%), Consumer Cyclical(17.92%) as on May 2024
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
3.19
1.62
-0.45
As on May 2024
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
1.03
0.94
0.91
As on May 2024
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
2.33
1
0.65
As on May 2024
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
11.15
12.39
17.36
As on May 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 1.87 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.38 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
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%