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Groww ELSS Tax Saver Fund - Direct Plan Growth | NAV, Performance, Tax Benefits

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Invest in Groww ELSS Tax Saver Fund Direct Growth with minimum ₹500. Get tax benefits under Section 80C & long-term capital appreciation from diversified equity portfolio with 3-year lock-in.

Investment Objective and Approach

The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. The scheme shall offer tax benefits under Section 80C of the Income Tax Act. This scheme was made available to investors on 10 Apr 2008.

The fund follows a diversified investment approach across different market capitalizations and sectors. As an ELSS fund, it maintains a minimum allocation of 80% in equity and equity-related instruments, ensuring capital growth potential while offering tax benefits.

Key Fund Details (as of July 2025):

- The fund currently has an Asset Under Management(AUM) of ₹2,244 Cr and the Latest NAV as of 18 Jul 2025 is ₹22.84.

- Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.

- The Groww ELSS Tax Saver Fund Direct Growth is rated Very High risk.

- Lock-in period: 3 years (mandatory for ELSS funds)

Fund Managers

Anupam Tiwari is the Current Fund Manager of Groww ELSS Tax Saver Fund Direct Growth fund. Mr. Matalia has done B.Com and CA ... Prior to joining Groww Mutual Fund, he has worked with Samco MF, Samco Sec. The fund management team brings significant experience from the financial markets and investment management industry.

About the Fund House (AMC)

Groww Mutual Fund is part of the Groww ecosystem, which started as a direct mutual fund platform and evolved into a comprehensive financial services company. The AMC focuses on offering simple, technology-driven investment solutions with transparent pricing and user-friendly processes.

The fund house emphasizes direct plans to help investors save on distributor commissions and maximize returns. Groww Mutual Fund leverages technology to provide seamless investment experiences and has built a strong retail investor base through its digital-first approach.

AMC Address: 505 – 5th Floor, Tower 2B, One World Centre, Near Prabhadevi Railway Station, Lower Parel,Maharashtra Mumbai 400013

Should I Invest in Groww ELSS Tax Saver Fund?

Suitable for:

- Investors seeking tax benefits under Section 80C (up to ₹1.5 lakh deduction)

- Long-term wealth creation goals (minimum 3-year horizon due to lock-in)

- Those comfortable with equity market volatility and high-risk investments

- First-time ELSS investors with low minimum investment requirement

Tax Benefits:

- If you invest in ELSS schemes, then you can avail tax exemption of the invested amount up to a limit of Rs. 150,000.

- If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.

- Shortest lock-in period: The 3-year lock-in period of ELSS mutual funds is the shortest among other tax-saving investment options. For example, PPF has a minimum maturity period of 15 years. Hence, tax-saver fund schemes are more liquid.

Investment Considerations:

- High-risk equity fund suitable for investors with risk appetite

- Performance depends on equity market conditions

- Mandatory 3-year lock-in period

- Professional fund management with diversified portfolio approach

FAQs

What is today's NAV of Groww ELSS Tax Saver Fund?

The NAV keeps changing daily based on market movements. You can check the latest NAV on Groww's official website or through your investment platform.

What is the AUM of Groww ELSS Tax Saver Fund?

The fund currently has an Asset Under Management(AUM) of ₹2,244 Cr as of 18 Jul 2025.

What is the expense ratio of Groww ELSS Tax Saver Fund?

The expense ratio for direct plans is typically lower than regular plans. Check the current expense ratio on the fund's fact sheet or official documentation.

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

This scheme was made available to investors on 10 Apr 2008. Returns vary based on market conditions and can be checked on the fund's performance page.

What is the minimum SIP amount to invest in Groww ELSS Tax Saver Fund?

Minimum SIP Investment is set to ₹500.

How do I invest in Groww ELSS Tax Saver Fund?

You can invest through Allvest platform, your demat account, or directly through Groww's website. Complete KYC documentation is required for investment.

How to start a SIP in Groww ELSS Tax Saver Fund?

Register on Allvest, complete KYC, select the fund, choose SIP option, set amount (minimum ₹500), and authorize auto-debit for monthly investments.

How do I automate an SIP in Groww ELSS Tax Saver Fund?

Set up auto-debit mandate during SIP registration on Allvest. Your bank account will be automatically debited on selected dates for seamless monthly investments.

How can I withdraw/redeem my investment in Groww ELSS Tax Saver Fund?

Redemption is only possible after the 3-year mandatory lock-in period. Post lock-in, you can redeem through your investment platform or directly from the AMC.