Aditya Birla Sun Life Msci India ETF vs Groww ELSS Tax Saver Fund
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Msci India ETF is an ETF fund and Groww ELSS Tax Saver Fund is an ELSS fund. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Groww ELSS Tax Saver Fund 1.52%. Their portfolios overlap 71.1%: they hold 79 of the same securities.
Aditya Birla Sun Life Msci India ETF
ETF
- Expense ratio
- 0.22%
- NAV
- ₹27.93
Which is better, Aditya Birla Sun Life Msci India ETF or Groww ELSS Tax Saver? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Msci India ETF costs less: 0.22% a year against 1.52%.
- Aditya Birla Sun Life Msci India ETF fell less in its worst fall since 20-02-2026: −12.5% against −13.1%.
- Groww ELSS Tax Saver is the larger fund: ₹48 Cr against ₹11 Cr.
- Their portfolios overlap 71.1%: 79 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Msci India ETF | Groww ELSS Tax Saver Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Groww Mutual Fund |
| Category | ETF | ELSS |
| AUM | ₹11 Cr (30-09-2026) | ₹48 Cr (30-09-2026) |
| NAV | ₹27.93 | ₹20.99 (Direct) |
| Expense ratio (Direct) | Not available | 1.52% |
| Expense ratio (Regular) | Not available | 2.92% |
| Riskometer | Very High | Very High |
| Benchmark | MSCI India Index | BSE 500 TRI |
| Launch date | 17-02-2026 | 28-12-2017 |
| Minimum investment | For Subscription / Redemption of units directly with Mutual Fund: Subscription / Redemption facility directly with the Mutual Fund would be restricted to Market Makers and Large Investors. Units of the Scheme may be subscribed to / redeemed only in Creati | ₹500 |
| Lock in | None | 3 years |
| Fund managers | Priya Sridhar, Mehul Dama | Paras Matalia, Nikhil Satam |
| Exit load | NIL | Nil |
Aditya Birla Sun Life Msci India ETF vs Groww ELSS Tax Saver: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | +0.29% | −5.96% | −3.50% | -- | -- | -- | -- |
| Groww ELSS Tax Saver Fund (Direct) | +0.77% | −4.29% | −1.55% | −9.41% | +9.02% | +7.69% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
Category average: the average of the 50 ELSS funds, same plan type.
Aditya Birla Sun Life Msci India ETF vs Groww ELSS Tax Saver: Year-wise Returns
| Year | Aditya Birla Sun Life Msci India ETFAditya Birla Sun Life Msci India ETF | Groww ELSS Tax SaverGroww ELSS Tax Saver |
|---|---|---|
| 2026to date | -- | −8.58% |
| 2025 | -- | +0.70% |
| 2024 | -- | +20.19% |
| 2023 | -- | +27.49% |
| 2022 | -- | +4.57% |
| 2021 | -- | +23.63% |
Aditya Birla Sun Life Msci India ETF vs Groww ELSS Tax Saver: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Groww ELSS Tax Saver Fund
Aditya Birla Sun Life Msci India ETF vs Groww ELSS Tax Saver: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Msci India ETF | Groww ELSS Tax Saver Fund (Direct) |
|---|---|---|
| Return (CAGR) | −10.53% | +8.71% |
| Standard deviation | 15.37% | 15.45% |
| Sharpe ratio | -1.03 | 0.22 |
| Sortino ratio | -1.35 | 0.29 |
| Maximum drawdown | −12.5% (31-03-2026) | −34.6% (23-03-2020) |
| Beta | -- | 0.90 |
| Alpha | -- | −1.85% |
From daily NAVs, 20-02-2026 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Msci India ETF
Groww ELSS Tax Saver Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Msci India ETF | −12.5% | 23-02-2026 | 31-03-2026 | 03-08-2026 | 4 months | −7.9% |
| Groww ELSS Tax Saver Fund (Direct) | −13.1% | 20-02-2026 | 30-03-2026 | Not yet | -- | −7.0% |
| BSE 500 TRI | −12.6% | 23-02-2026 | 30-03-2026 | 31-07-2026 | 4 months | −7.8% |
From daily values since 20-02-2026, the first day every fund has.
Aditya Birla Sun Life Msci India ETF vs Groww ELSS Tax Saver: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Msci India ETF, September 2026; Groww ELSS Tax Saver Fund, September 2026
Holdings in common
- Overlap
- 71.1%
- Held by both
- 79
- Only in Aditya Birla Sun Life Msci India ETF
- 86
- Only in Groww ELSS Tax Saver
- 20
| Security | % of Aditya Birla Sun Life Msci India ETF | % of Groww ELSS Tax Saver |
|---|---|---|
| HDFC Bank Ltd. | 6.44% | 6.77% |
| ICICI Bank Ltd. | 5.59% | 5.98% |
| Reliance Industries Ltd. | 5.44% | 4.92% |
| Bharti Airtel Ltd. | 3.93% | 3.52% |
| Infosys Ltd. | 2.41% | 2.08% |
| Larsen & Toubro Ltd. | 2.02% | 2.72% |
| Axis Bank Ltd. | 2.25% | 1.86% |
| Kotak Mahindra Bank Ltd. | 1.82% | 1.98% |
| Bajaj Finance Ltd. | 1.91% | 1.78% |
| Mahindra & Mahindra Ltd. | 2.05% | 1.75% |
| State Bank of India | 1.41% | 2.29% |
| Titan Company Ltd. | 1.30% | 1.57% |
| Sun Pharmaceutical Industries Ltd. | 1.30% | 1.30% |
| Tata Consultancy Services Ltd. | 1.33% | 1.28% |
| Eternal Ltd. | 1.22% | 1.41% |
| Shriram Finance Ltd. | 1.11% | 1.23% |
| Hindustan Unilever Ltd. | 1.06% | 0.93% |
| Tata Steel Ltd. | 1.10% | 0.91% |
| Ultratech Cement Ltd. | 0.90% | 1.06% |
| NTPC Ltd. | 1.12% | 0.88% |
| Divi's Laboratories Ltd. | 0.88% | 0.87% |
| Adani Ports and Special Economic Zone Ltd. | 0.83% | 1.22% |
| TVS Motor Company Ltd. | 0.78% | 1.03% |
| Maruti Suzuki India Ltd. | 1.13% | 0.76% |
| Interglobe Aviation Ltd. | 0.75% | 1.03% |
| Asian Paints Ltd. | 0.73% | 0.68% |
| Hindalco Industries Ltd. | 0.97% | 0.68% |
| Eicher Motors Ltd. | 0.78% | 0.67% |
| Grasim Industries Ltd. | 0.66% | 0.86% |
| Bharat Electronics Ltd. | 1.07% | 0.63% |
| ITC Ltd. | 0.63% | 1.36% |
| Tata Motors Ltd. | 0.62% | 0.68% |
| JSW Steel Ltd. | 0.61% | 0.62% |
| Nestle India Ltd. | 0.60% | 0.67% |
| Bajaj Auto Ltd. | 0.58% | 1.23% |
| Trent Ltd. | 0.56% | 0.66% |
| Laurus Labs Ltd. | 0.55% | 1.63% |
| HCL Technologies Ltd. | 0.86% | 0.55% |
| Torrent Pharmaceuticals Ltd. | 0.55% | 0.58% |
| Adani Power Ltd. | 0.53% | 0.69% |
| Cholamandalam Investment & Finance Co. Ltd. | 0.55% | 0.53% |
| One 97 Communications Ltd. | 0.51% | 1.17% |
| Coal India Ltd. | 0.52% | 0.51% |
| Power Grid Corporation of India Ltd. | 0.87% | 0.50% |
| Hero MotoCorp Ltd. | 0.50% | 0.62% |
| BSE Ltd. | 0.49% | 1.24% |
| Adani Enterprises Ltd. | 0.59% | 0.49% |
| The Indian Hotels Company Ltd. | 0.48% | 0.95% |
| The Federal Bank Ltd. | 0.46% | 0.90% |
| Jio Financial Services Ltd. | 0.46% | 0.48% |
| AU Small Finance Bank Ltd. | 0.45% | 0.73% |
| Persistent Systems Ltd. | 0.43% | 0.74% |
| Bajaj Finserv Ltd. | 0.53% | 0.43% |
| GE Vernova T&D India Ltd. | 0.43% | 0.47% |
| IndusInd Bank Ltd. | 0.41% | 0.72% |
| Tata Consumer Products Ltd. | 0.41% | 0.88% |
| Hindustan Aeronautics Ltd. | 0.62% | 0.40% |
| Indus Towers Ltd. | 0.37% | 0.45% |
| Lupin Ltd. | 0.37% | 0.66% |
| Apollo Hospitals Enterprise Ltd. | 0.65% | 0.37% |
| Tech Mahindra Ltd. | 0.66% | 0.37% |
| Bharat Forge Ltd. | 0.37% | 0.96% |
| Britannia Industries Ltd. | 0.42% | 0.37% |
| Solar Industries India Ltd. | 0.36% | 0.69% |
| Lenskart Solutions Ltd. | 0.36% | 0.53% |
| Aurobindo Pharma Ltd. | 0.35% | 0.44% |
| Ashok Leyland Ltd. | 0.34% | 0.79% |
| Multi Commodity Exchange of India Ltd. | 0.33% | 1.24% |
| Pidilite Industries Ltd. | 0.33% | 0.46% |
| Marico Ltd. | 0.33% | 0.77% |
| Suzlon Energy Ltd. | 0.32% | 0.41% |
| FSN E-Commerce Ventures Ltd. | 0.31% | 1.05% |
| Fortis Healthcare Ltd. | 0.30% | 0.48% |
| Hitachi Energy India Ltd. | 0.29% | 0.48% |
| The Phoenix Mills Ltd. | 0.29% | 0.65% |
| Vedanta Ltd. | 0.28% | 0.80% |
| Lodha Developers Ltd. | 0.25% | 0.59% |
| Adani Energy Solutions Ltd. | 0.22% | 0.44% |
| Oracle Financial Services Software Ltd. | 0.18% | 0.47% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 71.1% means 71.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Msci India ETF
| Security | % of fund |
|---|---|
| SBI Life Insurance Co. Ltd. | 0.61% |
| Samvardhana Motherson International Ltd. | 0.55% |
| Cipla Ltd. | 0.54% |
| Max Healthcare Institute Ltd. | 0.52% |
| Cummins India Ltd. | 0.50% |
Largest holdings only in Groww ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Navin Fluorine International Limited | 0.88% |
| Acutaas Chemicals Limited | 0.61% |
| Coforge Limited | 0.61% |
| Dr. Lal Path Labs Ltd. | 0.55% |
| Radico Khaitan Limited | 0.54% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Msci India ETF | Groww ELSS Tax Saver |
|---|---|---|
| Equity | 99.8% | 98.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 0.2% | 1.4% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Msci India ETF | Groww ELSS Tax Saver |
|---|---|---|
| Large Cap | 80.6% | 73.0% |
| Mid Cap | 19.2% | 18.6% |
| Small Cap | 0.0% | 7.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Msci India ETF | Groww ELSS Tax Saver |
|---|---|---|
| Banks | 20.3% | 21.2% |
| Pharmaceuticals & Biotechnology | 5.6% | 7.1% |
| IT - Software | 6.6% | 6.1% |
| Petroleum Products | 6.4% | 4.9% |
| Finance | 6.3% | 5.0% |
| Automobiles | 6.2% | 6.1% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Msci India ETF vs Groww ELSS Tax Saver: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Msci India ETF | Groww ELSS Tax Saver Fund |
|---|---|---|
| Total expense ratio (Direct) | Not available | 1.52% |
| Base expense ratio (Direct) | 0.00% | 0.83% |
| Total expense ratio (Regular) | Not available | 2.92% |
| Base expense ratio (Regular) | 0.16% | 2.08% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Aditya Birla Sun Life Msci India ETF vs Groww ELSS Tax Saver Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Msci India ETF and Groww ELSS Tax Saver Fund?
Aditya Birla Sun Life Msci India ETF is an ETF fund, Groww ELSS Tax Saver Fund is an ELSS fund, run by Aditya Birla Sun Life Mutual Fund and Groww Mutual Fund. Their portfolios overlap 71.1%. Aditya Birla Sun Life Msci India ETF charges 0.22% a year and Groww ELSS Tax Saver Fund 1.52%.
Which has the lower expense ratio, Aditya Birla Sun Life Msci India ETF or Groww ELSS Tax Saver Fund?
Aditya Birla Sun Life Msci India ETF charges less: 0.22% a year against 1.52%. These are the total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Msci India ETF and Groww ELSS Tax Saver Fund overlap?
71.1%. They hold 79 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Msci India ETF or Groww ELSS Tax Saver Fund?
On SEBI's riskometer, Aditya Birla Sun Life Msci India ETF is rated Very High and Groww ELSS Tax Saver Fund Very High. Over their common history, the standard deviation of daily returns was 15.37% and 15.45% a year.
Can I invest in both Aditya Birla Sun Life Msci India ETF and Groww ELSS Tax Saver Fund?
Yes. 71.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life Msci India ETF and Groww ELSS Tax Saver Fund?
Aditya Birla Sun Life Msci India ETF: Priya Sridhar, Mehul Dama. Groww ELSS Tax Saver Fund: Paras Matalia, Nikhil Satam.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.