Previously Known As : Indiabulls Tax Savings Fund
Groww Elss Tax Saver Fund Datagrid
Category ELSS (Tax Saving) Fund
BMSMONEY Rank 33
Rating
Growth Option 13-03-2026
NAV ₹17.78(R) -2.31% ₹20.37(D) -2.3%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 3.49% 11.35% 8.9% 9.47% -%
Direct 5.11% 13.1% 10.71% 11.43% -%
Nifty 500 TRI 7.03% 15.05% 12.45% 13.56% 14.3%
SIP (XIRR) Regular -15.09% 0.67% 5.82% 8.7% -%
Direct -13.71% 2.38% 7.62% 10.73% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.59 0.28 0.47 -3.88% -0.43
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
13.23% -19.88% -19.66% 0.99 9.8%
Fund AUM As on: 30/12/2025 53 Cr
Top ELSS (Tax Saving) Fund
Fund Name Rank Rating
SBI ELSS Tax Saver Fund 1
DSP ELSS Tax Saver Fund 2
HDFC ELSS Tax Saver 3
Baroda BNP Paribas ELSS Tax Saver Fund 4
Mirae Asset ELSS Tax Saver Fund 5
HSBC Elss Tax Saver Fund 6
Nippon India ELSS Tax Saver Fund 7
Tata ELSS Fund 8

NAV Date: 13-03-2026

Scheme Name NAV Rupee Change Percent Change
Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)-Regular Plan-Growth Option 17.78
-0.4200
-2.3100%
Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Regular Plan- - Income Distribution cum capital withdrawal Option (Payout) 17.79
-0.4200
-2.3100%
Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Dividend Option 20.34
-0.4800
-2.3100%
Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund)- Direct Plan- Growth Option 20.37
-0.4800
-2.3000%

Review Date: 13-03-2026

Beginning of Analysis

In the ELSS (Tax Saving) Fund category, Groww ELSS Tax Saver Fund is the 30th ranked fund. The category has total 35 funds. The 1 star rating shows a very poor past performance of the Groww ELSS Tax Saver Fund in ELSS (Tax Saving) Fund. The fund has a Jensen Alpha of -3.88% which is lower than the category average of -1.0%, showing poor performance. The fund has a Sharpe Ratio of 0.59 which is lower than the category average of 0.8.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
ELSS (Tax Saving) Mutual Funds are ideal for taxpayers seeking to save taxes under Section 80C while aiming for long-term wealth creation through equity investments. These funds offer a tax deduction of up to ₹1.5 lakh per financial year and have the shortest lock-in period of 3 years among all Section 80C options. However, being equity-oriented, they are subject to market risks and do not offer guaranteed returns. Investors should have a long-term investment horizon and a moderate to high risk tolerance to invest in ELSS funds. Additionally, the tax implications of long-term capital gains should be considered.

Groww ELSS Tax Saver Fund Return Analysis

The Groww ELSS Tax Saver Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its ELSS (Tax Saving) Fund peers and the Nifty 500 TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the ELSS (Tax Saving) Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of -9.67%, -10.85 and -10.74 in last one, three and six months respectively. In the same period the category average return was -8.23%, -9.81% and -8.42% respectively.
  • Groww ELSS Tax Saver Fund has given a return of 5.11% in last one year. In the same period the Nifty 500 TRI return was 7.03%. The fund has given 1.92% less return than the benchmark return.
  • The fund has given a return of 13.1% in last three years and rank 30th out of thirty eight funds in the category. In the same period the Nifty 500 TRI return was 15.05%. The fund has given 1.95% less return than the benchmark return.
  • Groww ELSS Tax Saver Fund has given a return of 10.71% in last five years and category average returns is 13.18% in same period. The fund ranked 28th out of thirty two funds in the category. In the same period the Nifty 500 TRI return was 12.45%. The fund has given 1.74% less return than the benchmark return.
  • The fund has given a SIP return of -13.71% in last one year whereas category average SIP return is -11.02%. The fund one year return rank in the category is 35th in 42 funds
  • The fund has SIP return of 2.38% in last three years and ranks 34th in 38 funds. Motilal Oswal ELSS Tax Saver Fund has given the highest SIP return (9.05%) in the category in last three years.
  • The fund has SIP return of 7.62% in last five years whereas category average SIP return is 9.96%.

Groww ELSS Tax Saver Fund Risk Analysis

  • The fund has a standard deviation of 13.23 and semi deviation of 9.8. The category average standard deviation is 12.95 and semi deviation is 9.5.
  • The fund has a Value at Risk (VaR) of -19.88 and a maximum drawdown of -19.66. The category average VaR is -16.62 and the maximum drawdown is -17.56. The fund has a beta of 0.98 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in ELSS (Tax Saving) Fund Category
  • Good Performance in ELSS (Tax Saving) Fund Category
  • Poor Performance in ELSS (Tax Saving) Fund Category
  • Very Poor Performance in ELSS (Tax Saving) Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -9.79 -8.21
    -8.32
    		-10.27 | -5.71 39 | 41 Poor
    3M Return % -11.19 -9.72
    -10.07
    		-13.81 | -4.81 35 | 41 Poor
    6M Return % -11.41 -7.62
    -8.96
    		-15.09 | -4.98 32 | 41 Average
    1Y Return % 3.49 7.03
    4.60
    		-1.87 | 9.79 26 | 41 Average
    3Y Return % 11.35 15.05
    14.08
    		4.62 | 20.76 33 | 38 Poor
    5Y Return % 8.90 12.45
    11.92
    		7.13 | 17.21 28 | 32 Poor
    7Y Return % 9.47 13.56
    13.00
    		8.75 | 20.86 27 | 30 Poor
    1Y SIP Return % -15.09
    -12.11
    		-20.64 | -5.69 34 | 41 Poor
    3Y SIP Return % 0.67
    3.66
    		-6.30 | 7.95 34 | 38 Poor
    5Y SIP Return % 5.82
    8.69
    		3.93 | 14.35 28 | 32 Poor
    7Y SIP Return % 8.70
    12.38
    		7.33 | 18.44 28 | 30 Poor
    Standard Deviation 13.23
    12.95
    		9.59 | 19.13 29 | 38 Average
    Semi Deviation 9.80
    9.50
    		6.93 | 14.90 29 | 38 Average
    Max Drawdown % -19.66
    -17.56
    		-28.24 | -9.56 31 | 38 Poor
    VaR 1 Y % -19.88
    -16.62
    		-24.68 | -10.33 32 | 38 Poor
    Average Drawdown % -6.17
    -5.73
    		-10.61 | -3.44 28 | 38 Average
    Sharpe Ratio 0.59
    0.80
    		0.06 | 1.35 34 | 38 Poor
    Sterling Ratio 0.47
    0.61
    		0.18 | 0.94 35 | 38 Poor
    Sortino Ratio 0.28
    0.40
    		0.06 | 0.76 34 | 38 Poor
    Jensen Alpha % -3.88
    -1.00
    		-12.52 | 5.83 33 | 37 Poor
    Treynor Ratio -0.43
    -0.43
    		-0.60 | -0.31 19 | 37 Good
    Modigliani Square Measure % 13.61
    16.41
    		6.57 | 23.81 33 | 37 Poor
    Alpha % -3.84
    -1.29
    		-10.64 | 7.62 32 | 37 Poor
    Return data last Updated On : March 13, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty 500 TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -9.67 -8.21 -8.23 -10.19 | -5.66 40 | 42 Poor
    3M Return % -10.85 -9.72 -9.81 -13.57 | -4.54 33 | 42 Average
    6M Return % -10.74 -7.62 -8.42 -14.61 | -4.21 33 | 42 Average
    1Y Return % 5.11 7.03 5.85 -0.71 | 11.15 26 | 42 Average
    3Y Return % 13.10 15.05 15.32 6.13 | 22.20 30 | 38 Average
    5Y Return % 10.71 12.45 13.18 7.96 | 18.83 28 | 32 Poor
    7Y Return % 11.43 13.56 14.25 9.65 | 22.65 26 | 30 Poor
    1Y SIP Return % -13.71 -11.02 -19.68 | -4.51 35 | 42 Poor
    3Y SIP Return % 2.38 4.85 -4.87 | 9.05 34 | 38 Poor
    5Y SIP Return % 7.62 9.96 5.76 | 15.15 27 | 32 Poor
    7Y SIP Return % 10.73 13.68 9.29 | 20.24 27 | 30 Poor
    Standard Deviation 13.23 12.95 9.59 | 19.13 29 | 38 Average
    Semi Deviation 9.80 9.50 6.93 | 14.90 29 | 38 Average
    Max Drawdown % -19.66 -17.56 -28.24 | -9.56 31 | 38 Poor
    VaR 1 Y % -19.88 -16.62 -24.68 | -10.33 32 | 38 Poor
    Average Drawdown % -6.17 -5.73 -10.61 | -3.44 28 | 38 Average
    Sharpe Ratio 0.59 0.80 0.06 | 1.35 34 | 38 Poor
    Sterling Ratio 0.47 0.61 0.18 | 0.94 35 | 38 Poor
    Sortino Ratio 0.28 0.40 0.06 | 0.76 34 | 38 Poor
    Jensen Alpha % -3.88 -1.00 -12.52 | 5.83 33 | 37 Poor
    Treynor Ratio -0.43 -0.43 -0.60 | -0.31 19 | 37 Good
    Modigliani Square Measure % 13.61 16.41 6.57 | 23.81 33 | 37 Poor
    Alpha % -3.84 -1.29 -10.64 | 7.62 32 | 37 Poor
    Return data last Updated On : March 13, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Feb. 27, 2026
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Groww Elss Tax Saver Fund NAV Regular Growth Groww Elss Tax Saver Fund NAV Direct Growth
    13-03-2026 17.78 20.37
    12-03-2026 18.2 20.85
    11-03-2026 18.41 21.08
    10-03-2026 18.7 21.42
    09-03-2026 18.48 21.16
    06-03-2026 18.85 21.58
    05-03-2026 19.1 21.86
    04-03-2026 18.84 21.57
    02-03-2026 19.15 21.92
    27-02-2026 19.4 22.21
    26-02-2026 19.68 22.53
    25-02-2026 19.64 22.48
    24-02-2026 19.55 22.37
    23-02-2026 19.72 22.57
    20-02-2026 19.73 22.58
    19-02-2026 19.66 22.49
    18-02-2026 19.94 22.82
    17-02-2026 19.83 22.69
    16-02-2026 19.83 22.68
    13-02-2026 19.71 22.55

    Fund Launch Date: 21/Sep/2017
    Fund Category: ELSS (Tax Saving) Fund
    Investment Objective: The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. Thescheme shall offer tax benefits under Section 80C of the Income Tax Act. However, there is no assurance that the investment objective of the Scheme will be realized and theScheme does not assure or guarantee any returns.
    Fund Description: ELSS
    Fund Benchmark: S&P BSE 500 Total Return Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.