3 Year return

19.41%
Launched on September 2017 (7 years)

Investment Details

₹1000

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

Calculate Returns

Based on past performance of this fund

ENTER AMOUNT

Your Investment ₹3,00,000
Gain
  • Total Value

ENTER AMOUNT

Your Investment
Gain
  • Total Value

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

About Indiabulls Tax Savings Fund Direct Plan-Growth

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 17.61%
Expense Ratio 0.55%
Fund Manager Sumit Bhatnagar
Fund Size ₹46.01 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
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.

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 Jun 19 2024 is 22

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 46.01 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 0.55%

What are the returns of Groww ELSS Tax Saver Fund since inception?

The Groww ELSS Tax Saver Fund was launched on Sep 21 2017. The fund has delivered a CAGR of 12.99 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 1000.

How do I invest in Groww ELSS Tax Saver Fund?

  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?

  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?

  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?

  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.