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  • Groww Mutual Fund
  • Groww ELSS Tax Saver fund (Growth)

Formerly Indiabulls Tax Savings Gr

Groww Mutual Fund

Groww ELSS Tax Saver fund (Growth)

EquityTax Saving

18.05

NAV (Feb 23)

15%
5 Year CAGR
Scripbox Opinion
Not Recommended
Click here for top ranked funds in tax saving mutual funds.

Tax saving funds provides inflation beating growth over the long term and is suitable for investment objectives with duration of 10-15 years or longer (minimum 5 years).

Our analysis of this fundLearn how we rate funds ->

Fund Size

Poor

The performance of the fund on a Fund Size metric has been Poor

Outperformance Consistency

Poor

The performance of the fund on a Outperformance Consistency metric has been Poor

Scripbox Recommended Tax Saving Fund
Save tax combined with inflation beating long term growth. Invest in Scripbox Recommended Tax Saver Funds to unlock the best of both worlds - tax saving and long term wealth creation.?Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

18.05

NAV (Feb 23)

Fund Returns

Last 1Y
36.9%
Last 3Y
16.5%
Last 5Y
15%
Last 10Y
NA
Since Inception
10.1%
6 Month CAGR
23.7%

Scheme Information

Investment 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 can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or guarantee any returns.

Expense Ratio
2.24
Launched (7y ago)
Dec 28, 2017
AUM in Crores
43.238
ISIN
INF666M01DN1
Lock-in
3
Benchmark
S&P BSE 500 India TR INR
SIP Minimum
500
Lumpsum Min.
500
Standard Deviation (3yr)
13
Standard Deviation (5yr)
17.5
Beta (3yr)
0.92
Beta (5yr)
0.9
Sharpe Ratio (3yr)
0.96
Sharpe Ratio (5yr)
0.568
YTM
0
Fund Managers

Kaustubh Sule

Fund Manager

Madhu Babu

Fund Manager

Anupam Tiwari

Fund Manager

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Groww ELSS Tax Saver fund (Growth)70%10,64,484 3,31,87215%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-02-23

Top Stock Holdings

icici bank ltd

7.6%
7.6%

larsen & toubro ltd

5.3%
5.3%

ccil

4.6%
4.6%

hdfc bank ltd

4.4%
4.4%

power finance corp ltd

3.5%
3.5%
See all holdings

Allocation by Sector

financial services

28.1%
28.1%

consumer cyclical

17.1%
17.1%

industrials

15.7%
15.7%

technology

13.7%
13.7%

basic materials

6%
6%
See all sectors

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
HDFC Large and Mid Cap Fund (G)
HDFC Large and Mid Cap Fund (G)

₹ 16,033 cr

₹ 13,846 cr

₹ 20,949 cr

₹ 11,823 cr

₹ 9,962 cr

About the AMC

Groww Mutual Fund

Groww Asset Management Ltd. manages assets worth 691 crores and was set up on April 10, 2008. It's current offering of mutual fund schemes includes 22 equity,85 debt and 14 hybrid funds.amc-img
80501 80222
support@growwmf.in
Fund NameScripbox Opinion
Till Date CAGR

15.4%

11.8%

3.2%

5.1%

5%

7%

18.9%

10.8%

3.8%

6.3%

Groww ELSS Tax Saver fund (G) Review

Groww ELSS Tax Saver fund (G) is a Tax Saving Equity fund and has delivered an annualised return of 10.1% over a period of 6 years. The fund was previously known as Indiabulls Tax Savings Gr. The fund is managed by Groww Asset Management Ltd.. The fund managers are Anupam Tiwari, Kaustubh Sule, Madhu Babu.

Nav of Groww ELSS Tax Saver fund (G) as of 2/23/2024 is ₹18.05 with the total AUM as of 2/25/2024 is ₹43.238. With Scripbox you can compare and check the latest nav for all mutual funds in India. Groww ELSS Tax Saver fund (G) was launched on Dec 28, 2017. The category risk of the fund is Very High Risk.

The minimum SIP amount for Groww ELSS Tax Saver fund (G) is ₹500 and you can increase this in multiples of ₹500. In case you want to invest a lump sum, the minimum amount to be invested is ₹500. Check your estimated returns on mutual funds by using sip calculator.

Groww ELSS Tax Saver fund (G) is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to S&P BSE 500 India TR INR.

Groww ELSS Tax Saver fund (G) is rated as a 1 fund in Equity and delivered 36.9% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Groww ELSS Tax Saver fund (G).

Frequently Asked Questions

What is Groww ELSS Tax Saver fund (G)?

Groww ELSS Tax Saver fund (G) is a Tax Saving Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

How to invest in Groww ELSS Tax Saver fund (G)?

You can invest in Groww ELSS Tax Saver fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of Groww ELSS Tax Saver fund (G)?

The minimum sip amount for Groww ELSS Tax Saver fund (G) is ₹500. You can invest in multiples of ₹500.

Is Groww ELSS Tax Saver fund (G) good to invest in?

As per Scripbox experts, Groww ELSS Tax Saver fund (G) is a Not Recommended fund. You can investGroww ELSS Tax Saver fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the Groww ELSS Tax Saver fund (G)?

The expense ratio of the Groww ELSS Tax Saver fund (G) is 2.24% for regular plan.