Groww ELSS Tax Saver Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
17.67%
3Y annualised
-0.10% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 18 Mar 2024₹19.48
Min. SIP amount₹1,000
RatingNA
Fund size₹43.89Cr

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
1Y3Y5YAll
Fund returns38.9%17.7%15.2%11.3%
Category average38.2%17.4%16.7%NA
Rank with in category172526NA
Understand terms

Holdings (49)

NameSectorInstrumentAssets
FinancialEquity7.76%
ConstructionEquity5.58%
FinancialEquity4.28%
AutomobileEquity3.22%
FinancialEquity2.91%
CommunicationEquity2.83%
TechnologyEquity2.45%
ServicesEquity2.36%
TechnologyEquity2.33%
AutomobileEquity2.22%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
3Y and 5Y annualised returns lower than category average
Lower expense ratio: 0.85%
Lock-in period: 3Y
1Y annualised returns higher than category average by 1.27%

Expense ratio, exit load and tax

Expense ratio: 0.85%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹1,000

Fund management

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

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,

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