EQUITY•ELSS
Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout
3 Year return
11.66%
NAV on August 16, 2026
22.16
1D Returns
-0.08%
Launched on September 2017(9 years)
Investment Details
₹500
Minimum SIP Amount
₹500
Minimum one time investment
Lock-in period: 3.0000 years
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
20.19%₹727
Total Value ₹4,327
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹51.38 Cr.
Expense Ratio
1.44% (inclusive of GST)
Exit Load
Nil
Ratings
0.5
Ratings by other agencies
Value Research
2
Crisil
3
Morning Star
3
Tax Implications
Withdrawal after 3 years:
12.5% tax on gains above ₹1.25 lakh per financial year
Groww Mutual Fund Manager
NS
Nikhil Satam
Fund Manager since Sep 2025
PM
Paras Matalia
Fund Manager since Jul 2025
Fund House Details
Groww Mutual Fund
Asset management company
AUM
₹5,778.12 Cr.
No. of Schemes
142
Setup Date
March 2011
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| Motilal Oswal ELSS Tax Saver Fund | 23.776% | 2.5 |
| SBI ELSS Tax Saver Fund | 16.4242% | 5 |
| Quant ELSS Tax Saver Fund | 16.9362% | 3.5 |
Schemes by Groww Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
Hybrid . Aggressive Hybrid Fund
Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan Growth10.7222%
10.6861%
10.6861%
Hybrid . Aggressive Hybrid Fund
Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan IDCW (Payout & Payout)10.6857%
10.6857%
Key Features of The Fund
5-year return
10.363%
Expense Ratio
1.44%
Fund Manager
Nikhil Satam
Fund Size
₹51.38 Cr.
Risk Profile
Very High
AMC Contact Details
| Name | Groww Mutual Fund |
| Launch Date | March 2011 |
| Address | 1202A, Floor 12A, Tower 2 A, One World Centre, Jupiter Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra |
| Contact | 91 80501 80222 |
| support@growwmf.in | |
| Website | https://www.growwmf.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
What is today's NAV of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout?
NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout on August 16, 2026, is ₹22.16
What is the AUM of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout?
Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout, is ₹51.38 crore.
What is the expense ratio of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout?
The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund's returns. The expense ratio of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout is 1.44%
What are the returns of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout since inception?
The Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout was launched on September 21, 2017. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout?
A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout is ₹500.
How do I invest in Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.
ENTER AMOUNT
₹
₹4,327 in 3Y at 11.6613% returns
SIP Date1st of every month
Your next SIP Payment will be on 16 September 2026
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