Groww ELSS Tax Saver Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
19.66%
3Y annualised
+0.24% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 24 May 2024₹21.19
Min. SIP amount₹1,000
RatingNA
Fund size₹45.71Cr

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 returns41.4%19.7%16.3%12.4%
Category average40.6%19.6%18.3%NA
Rank with in category182028NA
Understand terms

Holdings (50)

NameSectorInstrumentAssets
FinancialEquity7.95%
ConstructionEquity5.96%
FinancialEquity4.36%
TechnologyEquity3.24%
AutomobileEquity3.16%
CommunicationEquity3.05%
EnergyEquity2.97%
FinancialEquity2.79%
ServicesEquity2.56%
FinancialEquity2.33%
See All

Pros and cons

Category: Equity ELSS

Pros

Cons

Exit load is zero
5Y annualised returns lower than category average by 1.95%
Lower expense ratio: 0.55%
Lock-in period: 3Y
Consistently higher annualised returns than category average for the past 1Y and 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

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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