3 Year return

18.91%
Launched on September 2017 (7 years)

Investment Details

₹1000

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹46.01 Cr.

Expense Ratio

0.55% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0.5

Ratings by other agencies

2
3
3

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Groww Mutual Fund Managers

SB

Sumit Bhatnagar

Fund Manager since Jan 2019

View Details

Fund House Details

Groww Mutual Fund

Groww Mutual Fund Asset management company

AUM ₹658.50 Cr.
No. of Schemes 67
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Groww Mutual Fund

List of mutual fund schemes by AMC

Key Features of The Fund

5-year return 17.2%
Expense Ratio 0.55%
Fund Manager Sumit Bhatnagar
Fund Size ₹46.01 Cr
Risk Profile Very High

AMC Contact Details

Name Groww Mutual Fund
Launch Date March 2011
Addresss 1202A, Floor 12A, Tower 2 A, One World Centre, Jupiter Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra
Contact 91 80501 80222
Email 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 Jun 14 2024 is 21.91

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 46.01 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 0.55%

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 Sep 21 2017. The fund has delivered a CAGR of 12.9 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 1000.

How do I invest in Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. 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?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. 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?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. 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?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.