Groww ELSS Tax Saver Growth

• Alpha -3.99%
• Beta 0.89
• Sharpe Ratio0.44
• Std Deviation 14.71%
• Tracking Error 4.26%

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.

The Groww ELSS Tax Saver Growth has an AUM of 46.44 crores & has delivered CAGR of 19.92% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.25%. The minimum investment in Groww ELSS Tax Saver Growth is Rs 500 and the minimum SIP is Rs 500.

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

The top holdings of the fund include Icici Bank, Hdfc Bank, State Bank Of India & Bharti Airtel.

The major sectors where the fund is invested are Regional Banks, Consumer Financial Services, Software & Programming & Construction Services.

Some of the similar funds are Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Regular Growth, ICICI Prudential Long Term Wealth Enhancement Fund Growth, Navi ELSS Tax Saver Fund Regular Growth, Groww ELSS Tax Saver Growth, Shriram ELSS Tax Saver Fund Regular Growth. Groww ELSS Tax Saver Growth has a sharpe ratio of 0.44 & a standard deviation of 14.71%.