Groww ELSS Tax Saver Fund
The manager is maintaining a quality-focused core positioned around financial services and large-cap stability, with banking stocks commanding over a fifth of the portfolio. The recent rotation—adding pharmaceutical and selective midcap exposure while trimming niche positions—suggests tactical rebalancing toward more liquid, defensively-tilted holdings rather than a major conviction shift. At 37.6% in the top ten, concentration remains moderate for an ELSS mandate, leaving room for diversification across 69 holdings.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹21.2900 | — | — | — | — |
| Regular Growth | ₹18.5400 | -1.28% | -4.04% | +10.69% | +10.37% |
| Direct IDCW | ₹21.2500 | — | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Balanced ApproachActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Cipla Limited | 2.44% |
| Dr. Reddy's Laboratories Limited | 1.95% |
| IndusInd Bank Limited | 1.53% |
| Power Finance Corporation Limited | 1.08% |
| Hero MotoCorp Limited | 0.98% |
| Aurobindo Pharma Limited | 0.66% |
| Vedanta Iron and Steel Limited | 0.23% |
| Talwandi Sabo Power Limited | 0.23% |
| Malco Energy Limited | 0.23% |
| Vedanta Aluminium Metal Limited | 0.23% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Limited INE040A01034 | 7.02% |
| 2 | Reliance Industries Limited INE002A01018 | 5.83% |
| 3 | ICICI Bank Limited INE090A01021 | 5.56% |
| 4 | Bharti Airtel Limited INE397D01024 | 3.34% |
| 5 | State Bank of India INE062A01020 | 3.34% |
| 6 | Larsen & Toubro Limited INE018A01030 | 3.28% |
| 7 | Cipla Limited INE059A01026 | 2.44% |
| 8 | Infosys Limited INE009A01021 | 2.34% |
| 9 | Ashok Leyland Limited INE208A01029 | 2.23% |
| 10 | Kotak Mahindra Bank Limited INE237A01036 | 2.19% |
| 11 | Mahindra & Mahindra Limited INE101A01026 | 2.10% |
| 12 | The Federal Bank Limited INE171A01029 | 2.02% |
| 13 | Dr. Reddy's Laboratories Limited INE089A01031 | 1.95% |
| 14 | Axis Bank Limited INE238A01034 | 1.93% |
| 15 | Tata Steel Limited INE081A01020 | 1.62% |
| 16 | ITC Limited INE154A01025 | 1.59% |
| 17 | AU Small Finance Bank Limited INE949L01017 | 1.56% |
| 18 | Hindalco Industries Limited INE038A01020 | 1.54% |
| 19 | IndusInd Bank Limited INE095A01012 | 1.53% |
| 20 | Multi Commodity Exchange of India Ltd. INE745G01043 | 1.53% |
Sector Allocation
Frequently Asked Questions
How many stocks does Groww ELSS Tax Saver Fund hold?
Groww ELSS Tax Saver Fund holds 68 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 25.09% of NAV.
What is the largest holding in Groww ELSS Tax Saver Fund?
The largest position in Groww ELSS Tax Saver Fund is HDFC Bank Limited, accounting for 7.02% of NAV.
Is Groww ELSS Tax Saver Fund a concentrated or diversified fund?
With a Gini coefficient of 0.371, Groww ELSS Tax Saver Fund is well-diversified. The HHI concentration index is 24,551 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 25.09% of the portfolio.
What is the market cap allocation of Groww ELSS Tax Saver Fund?
Based on SEBI's AMFI classification, Groww ELSS Tax Saver Fund's equity portfolio is split as: Large Cap: 67.65%, Mid Cap: 26.71%, Small Cap: 0.00%. This reflects the fund's positioning within the market cap spectrum.
How actively managed is Groww ELSS Tax Saver Fund compared to other ELSS - Tax Saver Fund funds?
Groww ELSS Tax Saver Fund has an Active Share of 49.45%, classifying it as "Balanced Approach" among 37 ELSS - Tax Saver Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Groww ELSS Tax Saver Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Groww ELSS Tax Saver Fund added 10 new stocks (including Cipla Limited) and exited 5 stocks (including Navin Fluorine International Limited). Total holding count increased from 64 to 69 stocks.