Groww ELSS Tax Saver Fund

Equity · ELSS
 · ★★
500
Min SIP
500
Min Lumpsum
0.5 %
Expense Ratio
★★
Rating
37
Fund Size (in Cr)
5 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 02 June 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 11.7% 21.7% 9.6% 8.1%
Category Average 12.9% 26.5% 13% -

Scheme Allocation

By Holding
By Sector
By Asset
HDFC Bank
8.72%
ICICI Bank
7.82%
Reliance Industr
6.93%
ITC
4.19%
Axis Bank
4.15%
Others
68.19%
Banks
25.45%
Others
15.69%
Petroleum Products
8.46%
Diversified FMCG
7.03%
IT-Software
6.4%
Others
36.97%
Equity
79.25%
Mutual Funds Units
15.71%
Reverse Repos
2.67%
Net Curr Ass/Net Receivables
2.38%

Advance Ratio

-0.04
Alpha
3.84
SD
0.9
Beta
0.15
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:
511 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

Frequently Asked Questions

How to invest in Groww ELSS Tax Saver Fund ?

You can invest in Groww ELSS Tax Saver Fund 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 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 ?

The NAV of Groww ELSS Tax Saver Fund is ₹15.1 as of 02 June 2023.

How to redeem Groww ELSS Tax Saver Fund 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?

The minimum SIP amount of Groww ELSS Tax Saver Fund is ₹500

What are the top sectors Groww ELSS Tax Saver Fund has invested in??

The top sectors Groww ELSS Tax Saver Fund has invested in are
  1. HDFC Bank - 8.72%
  2. ICICI Bank - 7.82%
  3. Reliance Industr - 6.93%
  4. ITC - 4.19%
  5. Axis Bank - 4.15%

How much returns have Groww ELSS Tax Saver Fund generated ?

The Groww ELSS Tax Saver Fund has delivered 8.1% since inception

What is the expense ratio of Groww ELSS Tax Saver Fund ?

The expense ratio of Groww ELSS Tax Saver Fund is 0.5 % as of 02 June 2023.

What is the AUM of Groww ELSS Tax Saver Fund?

The AUM of Groww ELSS Tax Saver Fund is ₹511 Cr as of 02 June 2023

What are the top stock holdings of Groww ELSS Tax Saver Fund?

The top stock holdings of Groww ELSS Tax Saver Fund are
  1. HDFC Bank - 8.72%
  2. ICICI Bank - 7.82%
  3. Reliance Industr - 6.93%
  4. ITC - 4.19%
  5. Axis Bank - 4.15%
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