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| NAV: 11 Dec 2024 | ₹23.90 |
| Min. SIP amount | ₹500 |
| Rating | NA |
| Fund size | ₹51.21Cr |
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Returns and rankings
Category: Equity ELSS
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 31.0% | 18.3% | 18.9% | 13.3% |
| Category average | 28.3% | 17.5% | 20.8% | NA |
| Rank with in category | 13 | 19 | 29 | NA |
Understand terms
Peer Comparison
| Equity, ELSS funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
SBI Long Term Equity Fund Direct Plan Growth | 5 | 39.4% | 26.0% | 28,732.52 |
Franklin India ELSS Tax Saver Fund Direct Growth | 4 | 32.3% | 21.1% | 7,241.79 |
Parag Parikh ELSS Tax Saver Fund Direct Growth | 5 | 26.1% | 19.2% | 4,362.18 |
Quant ELSS Tax Saver Fund Direct Growth | 5 | 21.5% | 18.7% | 11,560.66 |
Bandhan ELSS Tax Saver Fund Direct Plan Growth | 4 | 22.5% | 17.8% | 7,353.93 |
Holdings (48)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
ICICI Bank Ltd. | Financial | Equity | 7.10% |
Larsen & Toubro Ltd. | Construction | Equity | 5.14% |
National Aluminium Company Ltd. | Metals & Mining | Equity | 3.30% |
HCL Technologies Ltd. | Technology | Equity | 3.13% |
Axis Bank Ltd. | Financial | Equity | 3.01% |
Persistent Systems Ltd. | Technology | Equity | 2.90% |
State Bank of India | Financial | Equity | 2.87% |
Craftsman Automation Ltd. | Automobile | Equity | 2.86% |
Hero Motocorp Ltd. | Automobile | Equity | 2.78% |
Multi Commodity Exchange Of India Ltd. | Services | Equity | 2.58% |
Kei Industries Ltd. | Capital Goods | Equity | 2.43% |
Samvardhana Motherson International Ltd. | Automobile | Equity | 2.42% |
Indian Bank | Financial | Equity | 2.34% |
Mphasis Ltd. | Technology | Equity | 2.08% |
Spicejet Ltd. | Services | Equity | 2.03% |
NTPC Ltd. | Energy | Equity | 2.02% |
Ultratech Cement Ltd. | Construction | Equity | 2.01% |
NA | NA | Equity | 1.98% |
Bank Of Baroda | Financial | Equity | 1.97% |
Zomato Ltd. | Services | Equity | 1.97% |
Bharat Dynamics Ltd. | Capital Goods | Equity | 1.96% |
Interglobe Aviation Ltd. | Services | Equity | 1.92% |
Cummins India Ltd. | Capital Goods | Equity | 1.91% |
Bharat Electronics Ltd. | Capital Goods | Equity | 1.90% |
Cholamandalam Investment and Finance Company Ltd. | Financial | Equity | 1.84% |
ABB India Ltd. | Capital Goods | Equity | 1.77% |
Life Insurance Corporation of India | Insurance | Equity | 1.76% |
Angel One Ltd. | Financial | Equity | 1.73% |
Shriram Pistons & Rings Ltd | Automobile | Equity | 1.71% |
Ipca Laboratories Ltd. | Healthcare | Equity | 1.71% |
The Indian Hotels Company Ltd. | Services | Equity | 1.54% |
Balkrishna Industries Ltd. | Automobile | Equity | 1.51% |
Safari Industries (India) Ltd. | Consumer Discretionary | Equity | 1.36% |
Orient Electric Ltd. | Consumer Discretionary | Equity | 1.31% |
Yatharth Hospital & Trauma Care Services Ltd. | Healthcare | Equity | 1.30% |
Mrs. Bectors Food Specialities Ltd. | Consumer Staples | Equity | 1.27% |
Fiem Industries Ltd. | Automobile | Equity | 1.20% |
Sun Pharmaceutical Industries Ltd. | Healthcare | Equity | 1.20% |
Sansera Engineering Ltd. | Automobile | Equity | 1.14% |
LTIMindtree Ltd. | Technology | Equity | 1.03% |
Trent Ltd. | Services | Equity | 1.02% |
Ceat Ltd. | Automobile | Equity | 1.01% |
Arvind Ltd. | Textiles | Equity | 0.93% |
Bajaj Auto Ltd. | Automobile | Equity | 0.87% |
Supreme Industries Ltd. | Chemicals | Equity | 0.82% |
SAMHI Hotels Ltd. | Services | Equity | 0.74% |
Happy Forgings Ltd. | Metals & Mining | Equity | 0.67% |
Steel Strips Wheels Ltd. | Automobile | Equity | 0.37% |
See All
Pros and cons
Category: Equity ELSS
Pros
Exit load is zero
Lower expense ratio: 0.55%
Consistently higher annualised returns than category average for the past 1Y and 3Y
Higher alpha: 1.7
The fund has generated returns higher than benchmark - BSE 500 Total Return Index - in the last 3Y
Cons
5Y annualised returns lower than category average by 1.96%
Lock-in period: 3Y
Expense ratio, exit load and tax
Expense ratio: 0.55%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Understand terms
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Anupam TiwariMay 2023 - PresentView details
Anupam Tiwari
May 2023 - Present
View details
Education
Mr. Tiwari is a Chartered Accountant.
Experience
Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he was associated with Axis Mutual Fund, Principal Mutual Fund (July 25, 2011-Sep 21, 2016), Reliance Life Insurance Ltd. (Sep 22, 2010-Jul 15, 2011) and Reliance MF (Mar 21, 2005-Sep 21, 2010).
Also manages these schemes
Kaustubh SuleMay 2023 - PresentView details
Kaustubh Sule
May 2023 - Present
View details
Education
Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)
Experience
Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he has worked with Axis Asset Management Company Ltd. HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.
Also manages these schemes
Madhu BabuNov 2023 - PresentView details
Madhu Babu
Nov 2023 - Present
View details
Fund house & investment objective
Fund house contact details
Address
Floor 12 A, Tower 2 A, One World Centre, Jupiter Mills Compound Senapati Bapat Marg, Mumbai 400013
Phone
8050180222
Launch Date
10 Apr 2008
Groww Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]Website
www.karvymfs.comCompare funds
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