- Mutual Funds
- Groww Mutual Fund
- Groww ELSS Tax Saver fund (PIDCW-A)
Formerly Indiabulls Tax Savings IDCW-P
Groww ELSS Tax Saver fund (PIDCW-A)
₹ 18.11
NAV (Apr 16)
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).
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 18.11
NAV (Apr 16)
Fund Returns
Last 1Y | 36.5% |
Last 3Y | 17.1% |
Last 5Y | 13.3% |
Last 10Y | NA |
Since Inception | 9.9% |
6 Month CAGR | 19.9% |
Scheme Information
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 | 44.519 |
ISIN | INF666M01DO9 |
Lock-in | 3 |
Benchmark | S&P BSE 500 India TR INR |
SIP Minimum | 500 |
Lumpsum Min. | 500 |
Standard Deviation (3yr) | 12.7 |
Standard Deviation (5yr) | 17.3 |
Beta (3yr) | 0.93 |
Beta (5yr) | 0.9 |
Sharpe Ratio (3yr) | 0.851 |
Sharpe Ratio (5yr) | 0.528 |
YTM | 0 |
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Groww ELSS Tax Saver fund (PIDCW-A) | 10,18,231 | 2,85,619 | 13.3% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
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
Top Stock Holdings
icici bank ltd
7.9%larsen & toubro ltd
6%ccil
5.8%hdfc bank ltd
4.4%mahindra & mahindra ltd
3.2%Allocation by Sector
financial services
26.3%consumer cyclical
17.1%industrials
16.9%technology
12.8%basic materials
4.7%Comparison with Equity Funds
| Fund Name | Fund Size | Outperformance Consistency |
|---|---|---|
₹ 17,313 cr | ||
₹ 14,075 cr | ||
₹ 21,475 cr | ||
₹ 53,505 cr | ||
₹ 41,281 cr |
About the AMC
Groww Mutual Fund
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
16.3% | 11.8% | ||
5.2% | 7% | ||
3.8% | 6.2% | ||
19.2% | 10.6% | ||
17.1% | 9.9% |
Groww ELSS Tax Saver fund (PIDCW-A) Review
Groww ELSS Tax Saver fund (PIDCW-A) is a Tax Saving Equity fund and has delivered an annualised return of 9.9% over a period of 6 years. The fund was previously known as Indiabulls Tax Savings IDCW-P. 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 (PIDCW-A) as of 4/16/2024 is ₹18.11 with the total AUM as of 4/18/2024 is ₹44.519. With Scripbox you can compare and check the latest nav for all mutual funds in India. Groww ELSS Tax Saver fund (PIDCW-A) 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 (PIDCW-A) 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 (PIDCW-A) 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 (PIDCW-A) is rated as a 1 fund in Equity and delivered 36.5% 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 (PIDCW-A).
Frequently Asked Questions
What is Groww ELSS Tax Saver fund (PIDCW-A)?
How to invest in Groww ELSS Tax Saver fund (PIDCW-A)?
You can invest in Groww ELSS Tax Saver fund (PIDCW-A) 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 (PIDCW-A)?
The minimum sip amount for Groww ELSS Tax Saver fund (PIDCW-A) is ₹500. You can invest in multiples of ₹500.
Is Groww ELSS Tax Saver fund (PIDCW-A) good to invest in?
As per Scripbox experts, Groww ELSS Tax Saver fund (PIDCW-A) is a Not Recommended fund. You can investGroww ELSS Tax Saver fund (PIDCW-A) 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 (PIDCW-A)?
The expense ratio of the Groww ELSS Tax Saver fund (PIDCW-A) is 2.24% for regular plan.