Groww ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 19-11-2024
₹ 22.05
▲0.7%
1D
Inception Returns
12.2%
/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 Kaustubh Sule, Anupam Tiwari. The fund could potentially beat inflation in the long-run.
Key Parameters
- Groww ELSS Tax Saver Fund Direct Growth has ₹49 Cr worth of assets under management (AUM) as on Oct 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 12.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 29.78%, 14.60% and 17.02% respectively.
Holdings
Groww ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, 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 1000.00. There is a lock in period for Groww ELSS Tax Saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
▼
162 people have invested ₹ 6.4L in Groww ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Groww ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Beats FD returns for both 3Y & 5Y duration
5Y returns in the bottom 25% of the category
Groww ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.55% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹49 Cr |
| Inception Date | 28 December, 2017 |
| Min Lumpsum/SIP | ₹500/₹1000 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 89.53% |
| STCG | Redeeming 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 (19-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
47.8%
Mid cap
22.5%
Small cap
22.2%
Sector Allocation
Financial Services
26.7%
Consumer Cyclical
26.2%
Industrial
21.8%
Tech
11.8%
Basic Materials
5.6%
Health
4.5%
Utilities
2.1%
Consumer Defensive
1.3%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -4.79% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.73% in Oct'24
- AUM of the fund stands at 49.1 Cr as of Oct'24
- AUM decreased by 2.1 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 5.03% to 7.1%
Persistent Systems Ltd's allocation increased from 2.32% to 2.9%
Multi Commodity Exchange of India Ltd's allocation increased from 2.15% to 2.58%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 3.07 % to 3.01 %
Craftsman Automation Ltd's allocation decreased from 3.48 % to 2.86 %
Hero MotoCorp Ltd's allocation decreased from 3.05 % to 2.78 %
Mid Cap allocation has gone up from 13.3% to 22.5%
Large Cap allocation has gone down from 59.1% to 47.8%
Small Cap allocation has gone down from 23.3% to 22.2%
Cash allocation has gone up from 0.8% to 5.5%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Oct'24
Financial Services
27%
Consumer Cyclical
26%
Industrial
22%
Sep'24
Financial Services
27%
Consumer Cyclical
26%
Industrial
21%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Indian Bank | 2.1% |
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Kaustubh Sule
Fund Manager of Groww ELSS Tax Saver Fund Direct Growth, since 11 May 2023
Top funds managed
Anupam Tiwari
Fund Manager of Groww ELSS Tax Saver Fund Direct Growth, since 4 May 2023
Top funds managed
Fund House
Groww Asset Management Ltd.
Total Schemes
Total AUM
₹1.85K Cr
as on 31-Oct-2024
Address
Floor 12 A, Tower 2 A, One World Centre,,Jupiter Mills Compound Senapati Bapat Marg,Mumbai,Maharashtra
Phone
8050180222
Website
support@growwmf.in
Mutual Fund Insights
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 15.23% per annum.
Over the last 1 month, this fund has experienced a 4.1% drop in AUM moving from 51.21 Cr to 49.08 Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.38% return, outperforming this fund by 21.6%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.69% return, outperforming this fund by 10.09% per annum.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.55% which is lower than the category average expense ratio of 1.29%.
Groww ELSS Tax Saver Fund 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 12.15% since inception which is less than its category average return of 15.59%
Fund Allocations
This fund has an allocation of 94.48% in Equity, 0% in Debt and 5.52% in Cash related instruments
AUM size ₹49 Cr
This fund has AUM of ₹49 Cr which is less than its category average of ₹ 3983 Cr
Expense Ratio 0.55%
This fund has an expense ratio of 0.55% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for Groww ELSS Tax Saver Fund Direct Growth
The current NAV of Groww ELSS Tax Saver Fund Direct Growth is ₹22.05 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Groww ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.09% | -6.09% |
6 Month Returns | 6.37% | 6.37% |
1 Year Returns | 29.78% | 29.78% |
3 Years Returns | 50.51% | 14.6% |
5 Years Returns | 119.4% | 17.02% |
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0.55% as on October 2024
₹49 Cr as on October 2024
ICICI Bank Ltd(7.1%), Larsen & Toubro Ltd(5.14%), National Aluminium Co Ltd(3.3%), HCL Technologies Ltd(3.13%), Axis Bank Ltd(3.01%) as on October 2024
Financial Services(25.21%), Consumer Cyclical(24.76%), Industrial(20.56%) as on October 2024
The alpha ratio for the Groww ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 5.65 | 1.02 | -0.73 |
As on October 2024
The alpha for Groww ELSS Tax Saver Fund 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 Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 0.9 | 0.92 | 0.89 |
As on October 2024
The Beta for Groww ELSS Tax Saver Fund 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 Fund 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 Fund Direct Growth | 2.27 | 0.77 | 0.73 |
As on October 2024
The sharpe ratio for Groww ELSS Tax Saver Fund 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 Fund 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 Fund Direct Growth | 12.43 | 12.97 | 17.25 |
As on October 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 1.35 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.12 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Kaustubh Sule, Anupam Tiwari are the fund managers of Groww ELSS Tax Saver Fund Direct Growth
The Exit load of Groww ELSS Tax Saver Fund Direct Growth is 0%