Groww ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 20-12-2024
₹ 22.83
1D
Inception Returns
12.6%
/yr
About Groww ELSS Tax Saver Fund Direct Growth
Groww ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 28 December, 2017. The fund is managed by Anupam Tiwari. The fund could potentially beat inflation in the long-run.
Key Parameters
- Groww ELSS Tax Saver Fund Direct Growth has ₹50 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Groww ELSS Tax Saver Fund Direct Growth has given a CAGR return of 12.56% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 24.28%, 18.67% and 17.07% respectively.
Holdings
Groww ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Health, Utilities, Consumer Defensive. Its top holdings are ICICI Bank Ltd, Larsen & Toubro Ltd, National Aluminium Co Ltd, HCL Technologies Ltd, Axis Bank 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 benefitDividends 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 500.00. There is a lock in period for Groww ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
INDmoney Rank for Groww ELSS Tax Saver Fund Direct Growth
Groww ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.55% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹50 Cr |
| Inception Date | 28 December, 2017 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 89.53% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (20-Dec-24)
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 1.54% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 2.14% in Nov'24
- AUM of the fund stands at 50 Cr as of Nov'24
- AUM increased by 1 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial
Top Growth Drivers | 1M Return |
|---|---|
 Premier Energies Ltd | 18% |
 Persistent Systems Ltd | 14.7% |
 Zomato Ltd | 7.6% |
Mutual Fund Insights
Groww ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹50 Cr
Expense Ratio 0.55%
Frequently Asked Questions for Groww ELSS Tax Saver Fund Direct Growth
Groww ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.54% | 3.54% |
6 Month Returns | 3.68% | 3.68% |
1 Year Returns | 24.28% | 24.28% |
3 Years Returns | 67.13% | 18.67% |
5 Years Returns | 119.94% | 17.07% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 6.61 | 1.71 | -0.37 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 0.86 | 0.91 | 0.89 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 1.95 | 0.9 | 0.73 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 11.42 | 12.71 | 17.25 |