EQUITY•ELSS
Groww ELSS Tax Saver Fund
3 Year return
11.54%
NAV on August 10, 2026
22.32
1D Returns
-0.01%
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
19.97%₹719
Total Value ₹4,319
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹50.59 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 Jul 2026
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 | 22.9148% | 2.5 |
| SBI ELSS Tax Saver Fund | 16.7439% | 5 |
| HDFC ELSS Tax Saver | 15.4834% | 0 |
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 Growth10.5439%
Hybrid . Aggressive Hybrid Fund
Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan IDCW (Payout & Payout)10.5083%
10.5083%
10.5078%
10.5078%
The Indiabulls Tax Savings Fund Direct Plan-Growth is an Equity-linked savings scheme (ELSS) managed by Indiabulls Asset Management Company. ELSS provides tax benefits of ₹1.50 lakhs to investors under section 80c of the Income Tax Act. The fund is an open-ended fund, which means that it can issue and redeem units on a continuous basis. The expense ratio of the fund is lower than the category average.
Investment Objectives of the Scheme
The investment objective of the Indiabulls Tax Savings Fund Direct Plan-Growth fund is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities. In addition, it also aims to provide tax-saving benefits to investors.
Key Features of The Fund
5-year return
10.6487%
Expense Ratio
1.44%
Fund Manager
Nikhil Satam
Fund Size
₹50.59 Cr.
Risk Profile
Very High
Is This Scheme Right for Me?
The Indiabulls Tax Savings Fund Direct Plan-Growth fund is suitable for investors who are looking to save tax under Section 80C of the Income Tax Act. In addition, this fund is a good option for investors having a medium to long-term investment horizon of at least 3 years as the fund comes with a lock-in period of 3 years, which indicates that you can not redeem your funds before three years.
Fund name: Indiabulls Tax Savings Fund Direct Plan Growth
AMC: Fund category:Investment objective: Suitability: The fund is suitable for investors who are looking to save tax under Section 80C of the Income Tax Act and who have a medium to long-term investment horizon of at least 3 years.
Open ended or close ended: Expense ratio: Here are some additional things to consider before investing in this fund:
The fund has a relatively short track record, having been launched in 2015.
The fund's performance has been volatile in the past, but it has generated positive returns over the long term.
The fund's portfolio is concentrated in large-cap stocks, which could pose risks if the market were to decline.
Overall, the Indiabulls Tax Savings Fund Direct Plan Growth is a good option for investors who are looking to save tax under Section 80C and who have a medium to long-term investment horizon. However, it is important to do your own research before investing in any mutual fund.
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.
Fast-Track Your Short-Term Goals With SIPs
Need funds for that urgent purchase or dream vacation? Use our SIP calculator to fast-track your goals. From building an emergency fund to splurging on a well-deserved break, SIPs offer a systematic approach to achieving your aspirations.
FAQs
What is today's NAV of Groww ELSS Tax Saver Fund?
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 on August 10, 2026, is ₹22.32
What is the AUM of Groww ELSS Tax Saver Fund?
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, is ₹50.59 crore.
What is the expense ratio of Groww ELSS Tax Saver Fund?
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 is 1.44%
What are the returns of Groww ELSS Tax Saver Fund since inception?
The Groww ELSS Tax Saver Fund 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?
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 is ₹500.
How do I invest in Groww ELSS Tax Saver Fund?
- 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?
- 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?
- 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?
- 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
₹
₹4,319 in 3Y at 11.5388% returns
SIP Date1st of every month
Your next SIP Payment will be on 11 September 2026
By proceeding, you accept AngelOne's T&C
