Groww ELSS Tax Saver Growth

• Alpha -3.99%
• Beta 0.89
• Sharpe Ratio0.48
• Std Deviation 13.44%
• 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 53.03 crores & has delivered CAGR of 12.74% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.30%. 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 & High respectively.

The top holdings of the fund include HDFC Bank, ICICI Bank, Reliance Industries & Asahi India Glass.

The major sectors where the fund is invested are Regional Banks, Consumer Financial Services, Auto & Truck Parts & Oil & Gas Operations.

Some of the similar funds are Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Regular Growth, Bank of India Midcap Tax Fund Series 1 Regular Growth, Groww ELSS Tax Saver Growth, Navi ELSS Tax Saver Fund Regular Growth, Shriram ELSS Tax Saver Fund Regular Growth. Groww ELSS Tax Saver Growth has a sharpe ratio of 0.48 & a standard deviation of 13.44%.