Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 23.21
1D
Inception Returns
13.4%
/yr
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, Kaustubh Sule. The fund could potentially beat inflation in the long-run.
Groww ELSS Tax Saver Fund Direct Growth has given a CAGR return of 13.41% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 42.13%, 17.88% and 20.10% respectively.
Groww ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Energy, Basic Materials, Consumer Defensive, Health, Communication. Its top holdings are ICICI Bank Ltd, Larsen & Toubro Ltd, HDFC Bank Ltd, Axis Bank Ltd, Persistent Systems Ltd
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.
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 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
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 |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Tech
Groww ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.57% | 6.57% |
6 Month Returns | 15.82% | 15.82% |
1 Year Returns | 42.13% | 42.13% |
3 Years Returns | 63.8% | 17.88% |
5 Years Returns | 149.84% | 20.1% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 4.98 | 0.96 | -0.27 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 0.95 | 0.94 | 0.91 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 2.95 | 0.98 | 0.87 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww ELSS Tax Saver Fund Direct Growth | 10.69 | 12.45 | 17.13 |