Groww ELSS Tax Saver Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 20.34 as on 24-04-2024
Fund Performance
76 people have invested ₹ 15L in Groww ELSS Tax Saver Direct Growth in the last three months
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.95% return, outperforming this fund by 18.04% per annum.
Over the last 6 months, this fund has experienced a 16.5% growth in AUM moving from 38.23 Cr to 44.52 Cr.
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 1.29%.
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 63.72% return, outperforming this fund by 23.56%.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.74% return, outperforming this fund by 12.96% per annum.
INDmoney Rank of Groww ELSS Tax Saver Direct Growth
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IND ranking is not available for this fund.
Pros
Beats FD returns for both 3Y & 5Y duration
Cons
No bad points found for this fund.
About the Groww ELSS Tax Saver Direct Growth
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 ₹45 Cr worth of assets under management (AUM) as on Mar 2024 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 |
 | ₹45 Cr |
 | 28 December, 2017 |
 | ₹500/₹1000 |
 | 0% |
 | 3 Years |
 TurnOver | 25.31% |
Groww ELSS Tax Saver Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
64.6%
Small cap
14.5%
Mid cap
13.9%
Sector Allocation
Financial Services
28.2%
Consumer Cyclical
18.4%
Industrial
18.2%
Tech
13.7%
Basic Materials
5.1%
Health
4.6%
Communication
3.3%
Energy
3.2%
Consumer Defensive
2.4%
Real Estate
1.8%
Utilities
1.1%
Top Holdings of Groww ELSS Tax Saver Direct Growth as on (31-Mar-24)
Equity Holdings50
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 7.95% | 0% | |
 Larsen & Toubro Ltd | 5.96% | 0% | |
 HDFC Bank Ltd | 4.36% | 0% | |
 Birlasoft Ltd | 3.24% | 29.3% | |
 Mahindra & Mahindra Ltd | 3.16% | 0% |
See all
Groww ELSS Tax Saver Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.06% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.52% in Mar'24
AUM Change
- AUM of the fund stands at 44.5 Cr as of Mar'24
- AUM increased by 0.6 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Groww ELSS Tax Saver Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Zomato Ltd | 29.2% |
 Bajaj Finance Ltd | 12% |
 Bharti Airtel Ltd | 4.9% |
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
Groww ELSS Tax Saver 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 11.78% since inception which is less than its category average return of 15.65%
Fund Allocations
This fund has an allocation of 94.8% in Equity, 0% in Debt and 5.2% in Cash related instruments
AUM size ₹45 Cr
This fund has AUM of ₹45 Cr which is less than its category average of ₹ 3525 Cr
Expense Ratio 0.85%
This fund has an expense ratio of 0.85% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Groww ELSS Tax Saver Direct Growth is ₹20.34 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Groww ELSS Tax Saver Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.38% | 2.38% |
6 Month Returns | 24.22% | 24.22% |
1 Year Returns | 40.15% | 40.15% |
3 Years Returns | 71.85% | 19.78% |
5 Years Returns | 109.21% | 15.91% |
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0.85% as on March 2024
₹45 Cr as on March 2024
ICICI Bank Ltd(7.95%), Larsen & Toubro Ltd(5.96%), HDFC Bank Ltd(4.36%), Birlasoft Ltd(3.24%), Mahindra & Mahindra Ltd(3.16%) as on March 2024
Financial Services(26.78%), Consumer Cyclical(17.41%), Industrial(17.23%) as on March 2024
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 | 0.6 | 0.01 | -0.6 |
As on March 2024
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 | 1.02 | 0.93 | 0.9 |
As on March 2024
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 | 2.62 | 0.98 | 0.64 |
As on March 2024
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 | 11.07 | 12.72 | 17.36 |
As on March 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 March 2024. 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%