Groww ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 05-03-2025
₹ 19.68
▲0.1%
1D
Inception Returns
9.6%
/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 ₹46 Cr worth of assets under management (AUM) as on Jan 2025 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 9.57% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -4.32%, 13.60% and 14.63% respectively.
Holdings
Groww ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Cyclical, Health, Basic Materials, Communication, Consumer Defensive. Its top holdings are ICICI Bank Ltd, State Bank of India, Persistent Systems Ltd, Infosys Ltd, Cholamandalam Investment and Finance Co 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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 | ₹46 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 (05-Mar-25)
Fund Distribution
as on (31-Jan-25)
- AUM of the fund stands at 46.2 Cr as of Jan'25
- AUM decreased by 3.9 Cr between Jan'25 and Dec'24
Top 3 Sectors in January were Financial Services, Industrial & Consumer Cyclical
Top Growth Drivers | 1M Return |
|---|---|
 Craftsman Automation Ltd | 2.3% |
 Bajaj Finance Ltd | 1.8% |
 Cholamandalam Investment & Finance Company Ltd | 1.8% |
Mutual Fund Insights
Groww ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹46 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 | -8.97% | -8.97% |
6 Month Returns | -16.82% | -16.82% |
1 Year Returns | -4.32% | -4.32% |
3 Years Returns | 46.62% | 13.6% |
5 Years Returns | 97.95% | 14.63% |
- 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 | -2.61 | -0.02 | -1.87 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 0.98 | 0.96 | 0.91 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | -0.55 | 0.44 | 0.56 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 15.68 | 14.49 | 18.06 |