Groww ELSS Tax Saver Fund
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.
Growthvine rating: 1/5 — ranked #55 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹17.86 (as of 2026-10-01) |
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| AUM | ₹52 Cr |
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| Expense ratio | 2.09% |
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| Riskometer | Very High |
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| Fund manager | Paras Matalia |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 5.90% |
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| Sharpe ratio | 0.31 |
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| Standard deviation | 15.48% |
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| Max drawdown | −35.90% |
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| Alpha | -2.58 |
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| Beta | 0.97 |
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Over 5 years, captured 90.7% of Nifty 500's upside and 103.9% of its downside.
Market cap allocation
| Large cap | 72.2% |
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| Mid cap | 24.9% |
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| Small cap | 2.9% |
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Concentration
| Top 5 holdings | 23.7% |
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| Top 10 holdings | 34.3% |
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| Total holdings | 95 |
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| Index overlap | 64.3% |
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| Active share | 35.7% |
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Top holdings
- HDFC Bank Ltd. — 6.4%
- ICICI Bank Ltd. — 6.2%
- Reliance Industries Ltd — 4.9%
- Net Receivable/Payable — 3.9%
- Bharti Airtel Ltd. — 3.3%
- Larsen & Toubro Limited — 2.9%
- State Bank Of India — 2.6%
- Infosys Ltd — 2.3%
- Kotak Mahindra Bank Ltd. — 1.9%
- Mahindra & Mahindra Ltd. — 1.9%
Top sectors
- Banking & Financial — 24.9%
- Automobile — 7.9%
- Pharma & Biotech — 6.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −11.2% | Q4 (Bottom) | #45 of 52 |
| 2025 | −0.8% | Q4 (Bottom) | #45 of 51 |
| 2024 | 18.3% | Q3 | #27 of 51 |
| 2023 | 25.5% | Q3 | #35 of 48 |
| 2022 | 2.8% | Q2 | #21 of 43 |