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Business News/Market/Market Stats/    Groww ELSS Tax Saver Growth

Groww ELSS Tax Saver Growth

+
  • Equity
  • ELSS (Tax Savings)
  • Rating 2
  • Plan
18.70 +0.07 (0.38%) NAV as on 21 May, 2024
  • 5D
  • 1M
  • 6M
  • 1Y
  • 5Y
  • MAX

Key Metrics

  • AUM (in Cr)45.71
  • CAGR 36.38%
  • Exit Load0.00%
  • Expense ratio2.24%
  • CategoryEquity
  • Min Investment500
  • Min SIP500
  • Launch Date2017-12-28

Morning Star Rating 2

Moderate
Risk
Exceptional
Return

Asset Allocation

Holdings As On - 22 May 2024

  • Name
  • Value (Cr)
  • Holding %
  • Ccil
  • 1.22
  • 2.67%
View More

Risk & Volitility

  • Alpha -3.99%
  • Beta 0.89
  • Sharpe Ratio0.96
  • Std Deviation 12.63%
  • Tracking Error 4.26%

About Fund

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 45.71 crores & has delivered CAGR of 14.69% in the last 5 years. The fund has an exit load of 0.00% and an expense ratio of 2.24%. 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 Moderate & Exceptional respectively.

 

The top holdings of the fund include ICICI Bank, Larsen & Toubro, HDFC Bank & Mahindra & Mahindra.

 

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

 

Some of the similar funds are SBI Long Term Advantage Fund Series I Regular Growth, SBI Long Term Advantage Fund Series II Regular Growth, ICICI Prudential Long Term Wealth Enhancement Fund Growth, Shriram ELSS Tax Saver Fund Regular Growth, Groww ELSS Tax Saver Growth. Groww ELSS Tax Saver Growth has a sharpe ratio of 0.96 & a standard deviation of 12.63%.

FAQs about Groww ELSS Tax Saver Growth

According to the morning star rating Groww ELSS Tax Saver Growth has a Moderate risk & Exceptional return.
Groww ELSS Tax Saver Growth is managed by Anupam Tiwari,Kaustubh Sule,Madhu Babu.
The expense ratio of Groww ELSS Tax Saver Growth is 2.24%.
The 5 year annualized return on Groww ELSS Tax Saver Growth is 14.69% & it has generated 36.38% in the last 1 year.
The minimum investment in Groww ELSS Tax Saver Growth is 500 Rs.
Groww ELSS Tax Saver Growth has an AUM of 45.71 crores.
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