Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option

As on 24 Dec 2024

Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option

Q: How much expense ratio is charged by Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option?

The expense ratio for Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option, or any other mutual fund, is the yearly fee you pay for managing your investments. As of 24 Dec 2024, the expense ratio charged by Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option is typically around 0.19 %. This fee covers fund management, administrative, and other operational costs. It is relatively low compared to actively managed funds, reflecting its direct growth option.

Q: What is the AUM of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option?

As of 24 Dec 2024, the Assets Under Management (AUM) of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option is approximately ₹50.0372 crore. The AUM can fluctuate based on market conditions and investor activity. It indicates the total value of assets managed by the fund.

Q: What is the NAV of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option?

The Net Asset Value (NAV) of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option is updated daily and reflects the per-unit value of the fund's assets. As of 24 Dec 2024 , the NAV is around undefined per unit, but this value might change based on market performance and fund holdings.

Q: What is the PE and PB ratio of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option?

The PE ratio for Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option is 48.63 and the PB ratio is 8.62. The PE ratio is calculated by dividing the market price by the earnings per share, whereas the PB ratio is calculated by dividing the stock price by the book value per share.

Q: What is the exit load of Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option?

The exit load for Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option is 0% if units are redeemed within 30 days from the date of investment. After this period, no exit load is applicable. This fee is charged to discourage short-term trading and ensure long-term investment.

Equity

NAV

₹ 22.85

CAGR (3 Years)

17.50%

AUM (Cr)

₹ 50.04

Risk

Very High Risk

About Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option

The investment objective of the Scheme is 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. However, there is no assurance that the investment obj

Breakdown of this Fund

Aerospace & Defence

7.91%

Air Transport Service

8.00%

Auto Ancillaries

19.72%

Automobile

3.66%

Banks

36.25%

Cables

4.96%

Capital Goods - Electrical Equipment

7.81%

Capital Goods-Non Electrical Equipment

3.78%

Castings, Forgings & Fastners

1.34%

Cement

4.01%

Chemicals

1.54%

Consumer Durables

2.53%

Debt Others

11.28%

E-Commerce/App based Aggregator

4.21%

Finance

3.59%

Financial Services

4.99%

FMCG

2.46%

Healthcare

2.46%

Hotels & Restaurants

4.78%

Infrastructure Developers & Operators

10.32%

Insurance

1.76%

IT - Software

18.69%

Non Ferrous Metals

7.46%

Pharmaceuticals

4.54%

Plastic products

5.90%

Power Generation & Distribution

3.79%

Retail

1.98%

Stock/ Commodity Brokers

3.33%

Textiles

1.85%

Tyres

5.07%

Market Capitalization

Expense Ratio, Exit Load and Tax

Expense Ratio

0.19

Exit Load

Nil

Stamp Duty

0.005% (from July 1st, 2020)

Tax Implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.