Groww ELSS Tax Saver Fund
Direct · GrowthAI Summary
Groww ELSS Tax Saver Fund has delivered a 3Y SIP XIRR of 16.16% and 5Y XIRR of 15.49%, outperforming the category average SIP XIRR of 13.49% and 16.04% respectively over 3Y but lagging over 5Y. The 1Y XIRR of 13.46% trails the category average of 15.01%, and the 7Y XIRR of 14.40% is below the category's 15.51%. Overall, the fund shows competitive mid-term performance but weaker long-horizon and recent returns versus peers.
The fund has experienced 4 drawdown events exceeding 10%, with a maximum drawdown duration of 784 days and a recovery period of 235 days, indicating prolonged recovery phases after significant declines. Calmar ratios between 0.36 and 0.44 across 1Y to 7Y windows suggest moderate risk-adjusted returns. Investors should be prepared for extended drawdown periods typical of diversified equity funds.
The portfolio is diversified across 60 holdings, with HDFC Bank (8.05%), ICICI Bank (5.75%), and Reliance Industries (5.46%) as the top positions. Banks dominate the sector allocation at 28.5%, followed by Automobiles (7.1%) and Petroleum Products (6.0%), creating meaningful financial sector concentration. The top 10 holdings account for roughly 35.7% of NAV, indicating a reasonably spread-out portfolio with a large-cap tilt.
The fund outperforms the category average SIP XIRR over 3 years (16.16% vs 13.49%) but underperforms over 5Y (15.49% vs 16.04%) and 7Y (14.40% vs 15.51%) horizons. This suggests strong recent performance but inconsistent long-term delivery relative to ELSS peers. Calendar year returns also show volatility, ranging from -6.27% in 2018 to 27.23% in 2023.
This fund suits investors seeking tax deduction benefits under Section 80C along with equity growth, given its ELSS structure with a mandatory 3-year lock-in. It is appropriate for investors with a horizon of at least 5-7 years and moderate-to-high risk tolerance, given the banking sector concentration and history of multi-year drawdowns. SIP investing is advisable to smooth out volatility, as evidenced by the fund's competitive 3Y SIP XIRR.
- Strong 3Y SIP XIRR of 16.16%, well above the category average of 13.49%
- Diversified portfolio of 60 holdings with a large-cap oriented top-10
- Relatively low expense ratio of 0.94% for an actively managed ELSS fund
- Underperformance versus category average SIP XIRR over 5Y (15.49% vs 16.04%) and 7Y (14.40% vs 15.51%) horizons
- Heavy banking sector exposure of 28.5% creates concentration risk in financials
Generated on 06-09-2026, 7:50 PM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.56 L | 13.5% | -53.4% | 74.1% |
| 3 Years | ₹36.00 L | ₹44.91 L | 16.2% | -1.3% | 30.8% |
| 5 Years | ₹60.00 L | ₹85.69 L | 15.5% | 5.9% | 25.5% |
| 7 Years | ₹84.00 L | ₹1.41 Cr | 14.4% | 9.6% | 19.2% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | Category avg |
|---|---|---|
| 1 Year | 13.5% | 15.0% |
| 3 Years | 16.2% | 13.5% |
| 5 Years | 15.5% | 16.0% |
| 7 Years | 14.4% | 15.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 12.9% | 7.5% | -28.2% | 76.5% | 0.35 | 0.90 | 76% | — | — |
| 3 Years | 15.1% | 15.6% | 1.9% | 26.8% | 2.12 | 25.12 | 100% | — | — |
| 5 Years | 14.8% | 15.3% | 6.4% | 24.1% | 1.98 | 1414.35 | 100% | — | — |
Calmar Ratio by Duration
| # | Stock | % of NAV |
|---|---|---|
| 1 | HDFC Bank Limited | 8.05% |
| 2 | ICICI Bank Limited | 5.75% |
| 3 | Reliance Industries Limited | 5.46% |
| 4 | State Bank of India | 3.53% |
| 5 | Larsen & Toubro Limited | 3.35% |
| 6 | Bharti Airtel Limited | 3.23% |
| 7 | Axis Bank Limited | 2.60% |
| 8 | Infosys Limited | 2.49% |
| 9 | Mahindra & Mahindra Limited | 2.35% |
| 10 | Kotak Mahindra Bank Limited | 2.23% |