February 23, 2024
mayank
Groww ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 19.9100
NAV IDCW: Rs 19.8900
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks 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.
Fund Manager:
1) Anupam Tiwari
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).
2) Madhu Babu
3) Kaustubh Sule
Education: Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)
Experience: Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he has worked with Axis Asset Management Company Ltd. HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Groww Mutual Fund |
| Launch Date | 28-Dec-17 |
| Return Since Launch | 11.84% |
| Benchmark | S&P BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 43 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.85% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | Low |
| Turnover | 87.00% |
Trailing Returns (%) of Groww ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Groww ELSS Tax Saver Dir | 4.96 | 0.76 | 3.21 | 17.12 | 24.20 | 38.55 | 18.35 | 17.04 | — | — |
| S&P BSE 500 TRI | 4.56 | 0.80 | 3.63 | 15.25 | 20.08 | 38.99 | 19.73 | 19.32 | — | — |
| Equity: ELSS | 4.91 | 0.74 | 3.77 | 14.54 | 20.92 | 39.61 | 20.66 | 20.04 | — | — |
| Rank within category | 20 | 18 | 23 | 9 | 10 | 17 | 26 | 27 | — | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 38 | 36 | 33 | 31 | 29 | 25 |
Peer Comparison of Groww ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Groww ELSS Tax Saver Dir | 2 star | 38.55 | 18.35 | 17.04 | 0.85 | 43 | 11.84 | — | 6Y 1M | 87.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 35.91 | 19.20 | 21.92 | 0.59 | 20,950 | 20.50 | — | 8Y 1M | 93.00 |
| SBI Long Term Equity Dir | 5 star | 58.77 | 27.62 | 23.14 | 0.98 | 20,085 | 17.12 | — | 11Y 1M | 14.00 |
| DSP ELSS Tax Saver Dir | 4 star | 42.49 | 22.35 | 22.35 | 0.68 | 13,846 | 18.35 | — | 11Y 1M | 37.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 46.17 | 26.78 | 19.96 | 1.14 | 13,441 | 15.64 | — | 11Y 1M | 29.85 |
Portfolio Analysis of Groww ELSS Tax Saver Fund
| No. of Stocks | 45 |
| Top 10 Stocks | 39.06% |
| Top 5 Stocks | 24.73% |
| Top 3 Sectors | 56.38% |
| Portfolio P/B Ratio | 3.96 |
| Portfolio P/E Ratio | 24.12 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,51,759 | 1,59,260 |
| Giant (%) | 57.68 | 51.80 |
| Large (%) | 17.91 | 19.78 |
| Mid (%) | 16.59 | 23.69 |
| Small (%) | 7.83 | 6.57 |
| Tiny (%) | — | 0.28 |
How to Invest in Groww ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For Groww ELSS Tax Saver Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.growwmf.in/
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