Edelweiss ELSS Tax saver Fund vs Groww Multicap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss ELSS Tax saver Fund is an ELSS fund and Groww Multicap Fund is a Multi Cap fund. In the year to 30-10-2026, Edelweiss ELSS Tax saver Fund (Direct) returned −3.0% and Groww Multicap Fund (Direct) returned 10.3%. Edelweiss ELSS Tax saver Fund charges 0.94% a year and Groww Multicap Fund 1.04% (Direct plans). Their portfolios overlap 26.1%: they hold 30 of the same securities.
Edelweiss ELSS Tax saver Fund
ELSS
- 1 year return
- −3.0%
- Expense ratio
- 0.94%
- NAV
- ₹131.81
Which is better, Edelweiss ELSS Tax saver or Groww Multicap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Multicap returned more over 1 year: 10.3% against −3.0%.
- Edelweiss ELSS Tax saver costs less: 0.94% a year against 1.04% (Direct plans).
- Edelweiss ELSS Tax saver fell less in its worst fall since 18-12-2024: −15.0% against −16.5%.
- Edelweiss ELSS Tax saver holds more in large companies: 56.6% of the fund in large caps against 27.0%.
- Groww Multicap is the larger fund: ₹1,687 Cr against ₹428 Cr.
- Their portfolios overlap 26.1%: 30 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 | Edelweiss ELSS Tax saver Fund | Groww Multicap Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Groww Mutual Fund |
| Category | ELSS | Multi Cap |
| AUM | ₹428 Cr (30-09-2026) | ₹1,687 Cr (30-09-2026) |
| NAV | ₹131.81 (Direct) | ₹11.94 (Direct) |
| Expense ratio (Direct) | 0.94% | 1.04% |
| Expense ratio (Regular) | 2.57% | 2.69% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 30-12-2008 | 16-12-2024 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | 3 years | None |
| Fund managers | Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia | Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja, Nikhil Satam |
| Exit load | NIL | 1% if redeemed/ switched out within 1 year from the date of allotment. b) NIL, if redeemed/ switched out after 1 year from the date of allotment |
Edelweiss ELSS Tax saver vs Groww Multicap: 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 |
|---|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | −0.12% | −5.10% | −1.31% | −2.99% | +13.22% | +10.81% | +12.63% |
| Groww Multicap Fund (Direct) | −3.15% | −0.06% | +7.02% | +10.28% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 33 Multi Cap funds, same plan type.
Edelweiss ELSS Tax saver vs Groww Multicap: Year-wise Returns
| Year | Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver | Groww MulticapGroww Multicap |
|---|---|---|
| 2026to date | −4.64% | +10.15% |
| 2025 | +8.48% | +9.04% |
| 2024 | +21.98% | -- |
| 2023 | +28.87% | -- |
| 2022 | +1.66% | -- |
| 2021 | +32.57% | -- |
Edelweiss ELSS Tax saver vs Groww Multicap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Edelweiss ELSS Tax saver Fund
Rolling returns
Every 1-year holding period, 212 of them, one for each trading day from 18-12-2025 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Edelweiss ELSS Tax saver Fund (Direct)
Groww Multicap Fund (Direct)
Nifty 500 TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver | 6.1 | 25.5 | 33.5 | 25.9 | 9.0 | 0.0 | 0.0 | 7.8% | 7.9% | −4.4% | 19.9% | 100% |
| Groww Multicap | 0.0 | 0.0 | 12.3 | 26.9 | 32.5 | 25.0 | 3.3 | 16.5% | 16.3% | 6.9% | 26.6% | 100% |
| Nifty 500 TRI | 27.8 | 31.6 | 28.3 | 9.4 | 2.8 | 0.0 | 0.0 | 3.5% | 2.8% | −9.0% | 15.9% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 18-12-2024. Past returns do not promise future returns.
Edelweiss ELSS Tax saver vs Groww Multicap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct) | ₹2,30,000 | ₹2,33,732 | ₹3,732 | 1.6% |
| Groww MulticapGroww Multicap Fund (Direct) | ₹2,30,000 | ₹2,63,535 | ₹33,535 | 14.4% |
Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct)
Groww MulticapGroww Multicap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Edelweiss ELSS Tax saver vs Groww Multicap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss ELSS Tax saver Fund (Direct) | Groww Multicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.99% | +10.28% |
| Standard deviation | 14.49% | 16.54% |
| Sharpe ratio | -0.57 | 0.30 |
| Sortino ratio | -0.77 | 0.43 |
| Maximum drawdown | −13.4% (30-03-2026) | −12.1% (23-03-2026) |
| Beta | 0.99 | 1.05 |
| Alpha | +4.27% | +16.89% |
From daily NAVs, 30-10-2025 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.
| Measure | Edelweiss ELSS Tax saver Fund (Direct) | Groww Multicap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.04% | +9.90% |
| Standard deviation | 15.43% | 15.48% |
| Sharpe ratio | 0.52 | 0.28 |
| Sortino ratio | 0.70 | 0.39 |
| Maximum drawdown | −36.8% (23-03-2020) | −16.5% (03-03-2025) |
| Beta | 0.94 | 0.98 |
| Alpha | +1.50% | +11.31% |
From daily NAVs, 24-01-2013 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.
Edelweiss ELSS Tax saver Fund (Direct)
Groww Multicap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | −15.0% | 18-12-2024 | 03-03-2025 | 09-06-2025 | 3 months | −7.5% |
| Groww Multicap Fund (Direct) | −16.5% | 02-01-2025 | 03-03-2025 | 05-06-2025 | 3 months | −6.5% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 18-12-2024, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss ELSS Tax saver Fund (Direct)
Groww Multicap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | 112% | 102% | 2.82% |
| Groww Multicap Fund (Direct) | 150% | 100% | 7.80% |
From month-end values since 18-12-2024. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Edelweiss ELSS Tax saver vs Groww Multicap: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss ELSS Tax saver Fund, September 2026; Groww Multicap Fund, September 2026
Holdings in common
- Overlap
- 26.1%
- Held by both
- 30
- Only in Edelweiss ELSS Tax saver
- 63
- Only in Groww Multicap
- 51
| Security | % of Edelweiss ELSS Tax saver | % of Groww Multicap |
|---|---|---|
| Bharti Airtel Ltd. | 3.45% | 2.66% |
| Multi Commodity Exchange Of India Ltd. | 2.41% | 2.28% |
| Larsen & Toubro Ltd. | 2.94% | 1.75% |
| Ather Energy Ltd. | 1.46% | 2.10% |
| Mahindra & Mahindra Ltd. | 1.44% | 2.34% |
| Shriram Finance Ltd. | 1.72% | 1.39% |
| Bharat Electronics Ltd. | 2.00% | 1.29% |
| BSE Ltd. | 1.94% | 1.27% |
| ICICI Bank Ltd. | 4.84% | 1.09% |
| Trent Ltd. | 1.40% | 1.06% |
| State Bank of India | 2.50% | 1.03% |
| L&T Finance Ltd. | 0.81% | 1.33% |
| Sagility Ltd. | 0.75% | 1.77% |
| Divi's Laboratories Ltd. | 0.70% | 1.00% |
| Samvardhana Motherson International Ltd. | 1.03% | 0.66% |
| Mphasis Ltd. | 0.61% | 0.63% |
| Home First Finance Company India Ltd. | 0.61% | 0.68% |
| India Shelter Finance Corporation Ltd. | 0.59% | 0.92% |
| Krishna Inst of Medical Sciences Ltd. | 0.53% | 0.53% |
| Hyundai Motor India Ltd. | 0.52% | 2.72% |
| Bajaj Finance Ltd. | 0.52% | 0.81% |
| APL Apollo Tubes Ltd. | 0.47% | 1.15% |
| Ashok Leyland Ltd. | 0.46% | 2.49% |
| Cholamandalam Investment & Finance Company Ltd. | 1.11% | 0.42% |
| Coforge Ltd. | 0.97% | 0.41% |
| TVS Motor Company Ltd. | 0.32% | 0.75% |
| Ujjivan Small Finance Bank Ltd. | 0.32% | 2.95% |
| Infosys Ltd. | 0.79% | 0.28% |
| GE Vernova T&D India Limited | 0.26% | 1.50% |
| SBI Funds Management Ltd. | 0.20% | 0.16% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 26.1% means 26.1% 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 Edelweiss ELSS Tax saver Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 4.14% |
| Reliance Industries Ltd. | 3.81% |
| City Union Bank Ltd. | 1.76% |
| Sun Pharmaceutical Industries Ltd. | 1.67% |
| Torrent Pharmaceuticals Ltd. | 1.65% |
Largest holdings only in Groww Multicap Fund
| Security | % of fund |
|---|---|
| Manipal Payment Identity Solutions Ltd | 3.43% |
| TD Power Systems Limited | 3.07% |
| OnEMI Technology Solutions Limited | 2.55% |
| Kanohar Electricals Limited | 2.42% |
| APAR INDUSTRIES LTD | 2.28% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss ELSS Tax saver | Groww Multicap |
|---|---|---|
| Equity | 95.3% | 96.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.7% | 4.0% |
Market cap of stocks
| Market cap | Edelweiss ELSS Tax saver | Groww Multicap |
|---|---|---|
| Large Cap | 56.6% | 27.0% |
| Mid Cap | 17.7% | 26.9% |
| Small Cap | 20.8% | 29.8% |
| Not on AMFI's list | 0.2% | 12.3% |
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 | Edelweiss ELSS Tax saver | Groww Multicap |
|---|---|---|
| Banks | 19.0% | 6.1% |
| Electrical Equipment | 2.4% | 10.6% |
| Automobiles | 3.7% | 10.1% |
| Auto Components | 5.1% | 10.0% |
| Finance | 6.9% | 9.3% |
| IT - Software | 7.3% | 1.3% |
| Pharmaceuticals & Biotechnology | 7.0% | 4.4% |
| Capital Markets | 5.7% | 6.1% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss ELSS Tax saver vs Groww Multicap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss ELSS Tax saver Fund | Groww Multicap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.94% | 1.04% |
| Base expense ratio (Direct) | 0.67% | 0.33% |
| Total expense ratio (Regular) | 2.57% | 2.69% |
| Base expense ratio (Regular) | 2.08% | 1.78% |
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
Compare Edelweiss ELSS Tax saver with
Edelweiss ELSS Tax saver Fund vs Groww Multicap Fund: Frequently Asked Questions
What is the difference between Edelweiss ELSS Tax saver Fund and Groww Multicap Fund?
Edelweiss ELSS Tax saver Fund is an ELSS fund, Groww Multicap Fund is a Multi Cap fund, run by Edelweiss Mutual Fund and Groww Mutual Fund. Their portfolios overlap 26.1%. Edelweiss ELSS Tax saver Fund charges 0.94% a year and Groww Multicap Fund 1.04%.
Which has given higher returns, Edelweiss ELSS Tax saver Fund or Groww Multicap Fund?
Over 1 year: Edelweiss ELSS Tax saver Fund −2.99%, Groww Multicap Fund +10.28%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss ELSS Tax saver Fund or Groww Multicap Fund?
Edelweiss ELSS Tax saver Fund charges less: 0.94% a year against 1.04%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss ELSS Tax saver Fund and Groww Multicap Fund overlap?
26.1%. They hold 30 of the same securities, the largest shared ones being BHARTIARTL, MCX, LT. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss ELSS Tax saver Fund or Groww Multicap Fund?
On SEBI's riskometer, Edelweiss ELSS Tax saver Fund is rated Very High and Groww Multicap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.49% and 16.54% a year.
Can I invest in both Edelweiss ELSS Tax saver Fund and Groww Multicap Fund?
Yes. 26.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Edelweiss ELSS Tax saver Fund and Groww Multicap Fund?
Edelweiss ELSS Tax saver Fund: Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia. Groww Multicap Fund: Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja, 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.