Groww ELSS Tax Saver Fund – Direct (IDCW)

Equity · ELSS
500
Min SIP
500
Min Lumpsum
0.85 %
Expense Ratio
Rating
43
Fund Size (in Cr)
6 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 21 February 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 36.4% 17.6% 17.1% 11.8%
Category Average 35.9% 19.4% 19.2% -

Scheme Allocation

By Holding
By Sector
By Asset
7.7%
4.53%
3.24%
Others
75.28%
View all Holdings
Holdings Sector Instrument Asset
ICICI Bank Banks Equity 7.7%
Larsen & Toubro Infrastructure Developers & Operators Equity 5.67%
HDFC Bank Banks Equity 4.53%
Power Fin.Corpn. Finance Equity 3.58%
Tata Motors Automobile Equity 3.24%
UltraTech Cem. Cement Equity 3.24%
Bharti Airtel Telecomm-Service Equity 2.99%
Axis Bank Banks Equity 2.93%
M & M Automobile Equity 2.79%
Coforge IT - Software Equity 2.37%
Ujjivan Fin.Ser. Finance Equity 2.29%
Persistent Sys IT - Software Equity 2.29%
Bajaj Finance Finance Equity 2.27%
Cummins India Capital Goods-Non Electrical Equipment Equity 2.2%
CreditAcc. Gram. Finance Equity 2.18%
Bajaj Auto Automobile Equity 2.16%
ACC Cement Equity 2.15%
Samvardh. Mothe. Auto Ancillaries Equity 2.14%
Birlasoft Ltd IT - Software Equity 2.12%
Bharat Dynamics Aerospace & Defence Equity 2.05%
Zomato Ltd E-Commerce/App based Aggregator Equity 2.02%
Reliance Industr Refineries Equity 1.99%
Cholaman.Inv.&Fn Finance Equity 1.95%
St Bk of India Banks Equity 1.93%
Titan Company Diamond, Gems and Jewellery Equity 1.92%
TCS IT - Software Equity 1.91%
Mphasis IT - Software Equity 1.86%
Sun Pharma.Inds. Pharmaceuticals Equity 1.85%
Interglobe Aviat Air Transport Service Equity 1.52%
DLF Realty Equity 1.5%
IndusInd Bank Banks Equity 1.42%
L&T Technology IT - Software Equity 1.38%
Bharat Electron Aerospace & Defence Equity 1.36%
Steel Str. Wheel Auto Ancillaries Equity 1.32%
eClerx Services IT - Software Equity 1.31%
JK Lakshmi Cem. Cement Equity 1.28%
Varun Beverages FMCG Equity 1.24%
Lupin Pharmaceuticals Equity 1.24%
Hindalco Inds. Non Ferrous Metals Equity 1.21%
HCL Technologies IT - Software Equity 1.12%
KEI Industries Cables Equity 1.08%
Supreme Inds. Plastic products Equity 0.97%
Happy Forgings Castings, Forgings & Fastners Equity 0.94%
Yatharth Hospit. Healthcare Equity 0.89%
Sansera Enginee. Auto Ancillaries Equity 0.87%
Banks
18.51%
Finance
12.27%
IT-Software
11.67%
Automobiles
8.19%
Cement & Cement Products
6.67%
Others
42.69%
View all Sectors
Sectors Asset
Banks 18.51%
Finance 12.27%
IT-Software 11.67%
Automobiles 8.19%
Cement & Cement Products 6.67%
Construction 5.67%
Industrial Products 5.19%
Auto Components 4.33%
Aerospace & Defense 3.41%
Pharmaceuticals & Biotech 3.09%
Telecom-Services 2.99%
Cash & Others 2.59%
Retailing 2.02%
Petroleum Products 1.99%
Consumer Durables 1.92%
Transport Services 1.52%
Realty 1.5%
IT-Services 1.38%
Commercial Services & Sup 1.31%
Beverages 1.24%
Non-Ferrous Metals 1.21%
Healthcare Services 0.89%
Debt 0.39%
Equity
96.97%
Net Curr Ass/Net Receivables
2.59%
Reverse Repos
0.39%
Others
0.05%

Advance Ratio

-0.19
Alpha
3.78
SD
0.93
Beta
0.98
Sharpe

Exit Load

Exit Load Nil

Fund Objective

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 is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assur or guarantee any returns.

Fund Managers

Anupam Tiwari - Funds and Content Listing - Fund Manager

With 14 years of work experience, Mr Anupam Tiwari handles Funds and Content Listing at Axis Mutual Fund. His current designation is Fund Manager of Equity, Axis Asset Management Ltd. He joined Axis AMC in October 2016. Before joining Axis AMC, he worked with Principal PNB Mutual Fund and Reliance Life Insurance Company Limited as Equity Fund Manager and Reliance Capital Asset Management Company Limited as Senior Equity Analyst. Mr Tiwari is a Chartered Accountant (Financial Management, Accounting, Auditing, Taxation) from The Institute of Chartered Accountants of India. His areas of expertise include equities, portfolio management, valuation, etc.

Mr Anupam Tiwari manages four (4) schemes at Axis Mutual Fund, including Axis Small Cap Fund and Axis Equity Saver Fund.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Groww Mutual Fund
AUM:
438 Cr
Address:
Floor 12 A, Tower 2 A, One World Center, Jupiter Mills Compound Senapati Bapat Marg, Mumbai - 400013
Contact:
022-69744435
Email ID:
iro@growwmf.in

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Frequently Asked Questions

How to invest in Groww ELSS Tax Saver Fund – Direct (IDCW) ?

You can invest in Groww ELSS Tax Saver Fund – Direct (IDCW) in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Groww ELSS Tax Saver Fund – Direct (IDCW) in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Groww ELSS Tax Saver Fund – Direct (IDCW) ?

The NAV of Groww ELSS Tax Saver Fund – Direct (IDCW) is ₹19.7 as of 21 February 2024.

How to redeem Groww ELSS Tax Saver Fund – Direct (IDCW) holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Groww ELSS Tax Saver Fund – Direct (IDCW)?

The minimum SIP amount of Groww ELSS Tax Saver Fund – Direct (IDCW) is ₹500

What are the top sectors Groww ELSS Tax Saver Fund – Direct (IDCW) has invested in?

The top sectors Groww ELSS Tax Saver Fund – Direct (IDCW) has invested in are
  1. Banks - 18.51%
  2. Finance - 12.27%
  3. IT-Software - 11.67%
  4. Automobiles - 8.19%
  5. Cement & Cement Products - 6.67%

Can I make investments in both the SIP and Lump Sum schemes of Groww ELSS Tax Saver Fund – Direct (IDCW)?

Yes, You can select both SIP or Lumpsum investment of Groww ELSS Tax Saver Fund – Direct (IDCW) based on your investment objective and risk tolerance.

How much returns have Groww ELSS Tax Saver Fund – Direct (IDCW) generated ?

The Groww ELSS Tax Saver Fund – Direct (IDCW) has delivered 11.8% since inception

What is the expense ratio of Groww ELSS Tax Saver Fund – Direct (IDCW) ?

The expense ratio of Groww ELSS Tax Saver Fund – Direct (IDCW) is 0.85 % as of 21 February 2024.

What is the AUM of Groww ELSS Tax Saver Fund – Direct (IDCW)?

The AUM of Groww ELSS Tax Saver Fund – Direct (IDCW) is ₹438 Cr as of 21 February 2024

What are the top stock holdings of Groww ELSS Tax Saver Fund – Direct (IDCW)?

The top stock holdings of Groww ELSS Tax Saver Fund – Direct (IDCW) are
  1. ICICI Bank - 7.7%
  2. Larsen & Toubro - 5.67%
  3. HDFC Bank - 4.53%
  4. Power Fin.Corpn. - 3.58%
  5. Tata Motors - 3.24%

How can I redeem my investments in Groww ELSS Tax Saver Fund – Direct (IDCW)?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Groww ELSS Tax Saver Fund – Direct (IDCW) in Scheme, enter the redemption amount, and click on submit button.
Invest Now