Edelweiss ELSS Tax saver Fund vs Groww NIFTY 200 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Edelweiss ELSS Tax saver Fund is an ELSS fund and Groww NIFTY 200 ETF is an ETF fund. In the year to 30-10-2026, Edelweiss ELSS Tax saver Fund (Direct) returned −3.0% and Groww NIFTY 200 ETF returned −8.2%. Edelweiss ELSS Tax saver Fund charges 0.94% a year and Groww NIFTY 200 ETF 0.43%. Their portfolios overlap 49.5%: they hold 63 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 NIFTY 200 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss ELSS Tax saver returned more over 1 year: −3.0% against −8.2%.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 0.94%.
- Edelweiss ELSS Tax saver fell less in its worst fall since 27-02-2025: −13.4% against −14.8%.
- Groww NIFTY 200 ETF holds more in large companies: 79.6% of the fund in large caps against 56.6%.
- Edelweiss ELSS Tax saver is the larger fund: ₹428 Cr against ₹16 Cr.
- Their portfolios overlap 49.5%: 63 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 NIFTY 200 ETF |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Groww Mutual Fund |
| Category | ELSS | ETF |
| AUM | ₹428 Cr (30-09-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹131.81 (Direct) | ₹10.72 |
| Expense ratio (Direct) | 0.94% | Not available |
| Expense ratio (Regular) | 2.57% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 200 TRI |
| Launch date | 30-12-2008 | 25-02-2025 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | 3 years | None |
| Fund managers | Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia | Nikhil Satam, Aakash Chauhan, Shashi Kumar |
| Exit load | NIL | Nil |
Edelweiss ELSS Tax saver vs Groww NIFTY 200 ETF: 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 NIFTY 200 ETF | +0.13% | −6.00% | −3.35% | −8.21% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
Category average: the average of the 50 ELSS funds, same plan type.
Edelweiss ELSS Tax saver vs Groww NIFTY 200 ETF: Year-wise Returns
| Year | Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver | Groww NIFTY 200 ETFGroww NIFTY 200 ETF |
|---|---|---|
| 2026to date | −4.64% | −8.79% |
| 2025 | +8.48% | -- |
| 2024 | +21.98% | -- |
| 2023 | +28.87% | -- |
| 2022 | +1.66% | -- |
| 2021 | +32.57% | -- |
Edelweiss ELSS Tax saver vs Groww NIFTY 200 ETF: 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, 164 of them, one for each trading day from 27-02-2026 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 NIFTY 200 ETF
Nifty 500 TRI
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Sept 2025
to
Sept 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 | 7.9 | 32.3 | 32.9 | 23.2 | 3.7 | 0.0 | 0.0 | 6.6% | 6.3% | −4.4% | 19.9% | 100% |
| Groww NIFTY 200 ETF | 46.3 | 37.8 | 11.6 | 3.7 | 0.6 | 0.0 | 0.0 | 0.8% | 0.3% | −9.9% | 15.6% | 1% |
| Nifty 500 TRI | 36.0 | 40.2 | 19.5 | 3.0 | 1.2 | 0.0 | 0.0 | 1.7% | 1.1% | −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 27-02-2025. Past returns do not promise future returns.
Edelweiss ELSS Tax saver vs Groww NIFTY 200 ETF: 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 03-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct) | ₹2,10,000 | ₹2,13,231 | ₹3,231 | 1.7% |
| Groww NIFTY 200 ETFGroww NIFTY 200 ETF | ₹2,10,000 | ₹2,04,546 | −₹5,454 | −2.9% |
Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct)
Groww NIFTY 200 ETFGroww NIFTY 200 ETF
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 NIFTY 200 ETF: 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 NIFTY 200 ETF |
|---|---|---|
| Return (CAGR) | −2.99% | −8.21% |
| Standard deviation | 14.49% | 14.33% |
| Sharpe ratio | -0.57 | -0.94 |
| Sortino ratio | -0.77 | -1.24 |
| Maximum drawdown | −13.4% (30-03-2026) | −14.8% (31-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | +4.27% | −0.38% |
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 NIFTY 200 ETF |
|---|---|---|
| Return (CAGR) | +14.04% | +4.51% |
| Standard deviation | 15.43% | 13.84% |
| Sharpe ratio | 0.52 | -0.07 |
| Sortino ratio | 0.70 | -0.09 |
| Maximum drawdown | −36.8% (23-03-2020) | −14.8% (31-03-2026) |
| Beta | 0.94 | 1.00 |
| Alpha | +1.50% | −0.43% |
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 NIFTY 200 ETF
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) | −13.4% | 02-01-2026 | 30-03-2026 | 31-07-2026 | 4 months | −7.5% |
| Groww NIFTY 200 ETF | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 27-02-2025, 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 NIFTY 200 ETF
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | 112% | 95% | 2.63% |
| Groww NIFTY 200 ETF | 94% | 98% | 1.47% |
From month-end values since 27-02-2025. 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 NIFTY 200 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss ELSS Tax saver Fund, September 2026; Groww NIFTY 200 ETF, September 2026
Holdings in common
- Overlap
- 49.5%
- Held by both
- 63
- Only in Edelweiss ELSS Tax saver
- 30
- Only in Groww NIFTY 200 ETF
- 137
| Security | % of Edelweiss ELSS Tax saver | % of Groww NIFTY 200 ETF |
|---|---|---|
| ICICI Bank Ltd. | 4.84% | 5.86% |
| HDFC Bank Ltd. | 4.14% | 6.72% |
| Reliance Industries Ltd. | 3.81% | 4.91% |
| Bharti Airtel Ltd. | 3.45% | 3.31% |
| Larsen & Toubro Ltd. | 2.94% | 2.72% |
| State Bank of India | 2.50% | 2.45% |
| Mahindra & Mahindra Ltd. | 1.44% | 1.63% |
| Kotak Mahindra Bank Ltd. | 1.25% | 1.90% |
| Tata Consultancy Services Ltd. | 1.24% | 1.29% |
| Axis Bank Ltd. | 1.20% | 2.18% |
| Sun Pharmaceutical Industries Ltd. | 1.67% | 1.19% |
| Titan Company Ltd. | 1.01% | 1.17% |
| NTPC Ltd. | 1.63% | 0.95% |
| Bharat Electronics Ltd. | 2.00% | 0.86% |
| Shriram Finance Ltd. | 1.72% | 0.85% |
| HCL Technologies Ltd. | 0.99% | 0.80% |
| Ultratech Cement Ltd. | 1.11% | 0.80% |
| Infosys Ltd. | 0.79% | 2.17% |
| BSE Ltd. | 1.94% | 0.78% |
| JSW Steel Ltd. | 1.10% | 0.75% |
| Divi's Laboratories Ltd. | 0.70% | 0.73% |
| Hindustan Unilever Ltd. | 0.69% | 1.03% |
| Tech Mahindra Ltd. | 1.20% | 0.60% |
| Eternal Ltd. | 0.59% | 1.43% |
| Trent Ltd. | 1.40% | 0.54% |
| Bajaj Finance Ltd. | 0.52% | 1.62% |
| Multi Commodity Exchange Of India Ltd. | 2.41% | 0.52% |
| Hindalco Industries Ltd. | 0.50% | 0.84% |
| The Federal Bank Ltd. | 0.48% | 0.48% |
| SBI Life Insurance Company Ltd. | 1.02% | 0.47% |
| Samvardhana Motherson International Ltd. | 1.03% | 0.45% |
| Cholamandalam Investment & Finance Company Ltd. | 1.11% | 0.43% |
| Torrent Pharmaceuticals Ltd. | 1.65% | 0.43% |
| Max Healthcare Institute Ltd. | 0.88% | 0.43% |
| Tata Consumer Products Ltd. | 0.38% | 0.38% |
| Coforge Ltd. | 0.97% | 0.38% |
| Bharat Petroleum Corporation Ltd. | 0.68% | 0.38% |
| Bharat Heavy Electricals Ltd. | 1.22% | 0.37% |
| CG Power and Industrial Solutions Ltd. | 0.47% | 0.36% |
| Persistent Systems Ltd. | 1.00% | 0.35% |
| Dixon Technologies (India) Ltd. | 0.86% | 0.33% |
| TVS Motor Company Ltd. | 0.32% | 0.60% |
| Solar Industries India Ltd. | 0.72% | 0.29% |
| Ashok Leyland Ltd. | 0.46% | 0.27% |
| GE Vernova T&D India Limited | 0.26% | 0.32% |
| Marico Ltd. | 0.51% | 0.26% |
| Jio Financial Services Ltd. | 0.25% | 0.44% |
| Canara Bank | 0.29% | 0.25% |
| APL Apollo Tubes Ltd. | 0.47% | 0.25% |
| PB Fintech Ltd. | 0.66% | 0.23% |
| Radico Khaitan Ltd. | 0.62% | 0.21% |
| Hindustan Petroleum Corporation Ltd. | 0.41% | 0.21% |
| JSW Energy Ltd. | 0.38% | 0.19% |
| Hyundai Motor India Ltd. | 0.52% | 0.18% |
| Mphasis Ltd. | 0.61% | 0.18% |
| KEI Industries Ltd. | 0.71% | 0.17% |
| Billionbrains Garage Ventures Ltd. | 0.57% | 0.16% |
| L&T Finance Ltd. | 0.81% | 0.14% |
| Godrej Properties Ltd. | 0.31% | 0.14% |
| Meesho Ltd. | 0.63% | 0.13% |
| Blue Star Ltd. | 0.39% | 0.12% |
| Exide Industries Ltd. | 0.60% | 0.12% |
| Bharat Dynamics Ltd. | 0.68% | 0.06% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.5% means 49.5% 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 |
|---|---|
| City Union Bank Ltd. | 1.76% |
| Netweb Technologies India Ltd. | 1.48% |
| Karur Vysya Bank Ltd. | 1.48% |
| Ather Energy Ltd. | 1.46% |
| Creditaccess Grameen Ltd. | 1.25% |
Largest holdings only in Groww NIFTY 200 ETF
| Security | % of fund |
|---|---|
| ITC Limited | 1.57% |
| Maruti Suzuki India Limited | 0.96% |
| Tata Steel Limited | 0.95% |
| Adani Port & Special Economic Zone Ltd | 0.87% |
| Bajaj Auto Limited | 0.73% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss ELSS Tax saver | Groww NIFTY 200 ETF |
|---|---|---|
| Equity | 95.3% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.7% | 0.1% |
Market cap of stocks
| Market cap | Edelweiss ELSS Tax saver | Groww NIFTY 200 ETF |
|---|---|---|
| Large Cap | 56.6% | 79.6% |
| Mid Cap | 17.7% | 19.9% |
| Small Cap | 20.8% | 0.3% |
| Not on AMFI's list | 0.2% | 0.0% |
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 | Edelweiss ELSS Tax saver | Groww NIFTY 200 ETF |
|---|---|---|
| Banks | 19.0% | 22.2% |
| IT - Software | 7.3% | 6.4% |
| Pharmaceuticals & Biotechnology | 7.0% | 5.1% |
| Finance | 6.9% | 5.9% |
| Petroleum Products | 4.9% | 5.8% |
| Capital Markets | 5.7% | 2.1% |
| Automobiles | 3.7% | 5.5% |
| Auto Components | 5.1% | 1.4% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss ELSS Tax saver vs Groww NIFTY 200 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss ELSS Tax saver Fund | Groww NIFTY 200 ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.94% | Not available |
| Base expense ratio (Direct) | 0.67% | 0.35% |
| Total expense ratio (Regular) | 2.57% | Not available |
| Base expense ratio (Regular) | 2.08% | 0.00% |
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 NIFTY 200 ETF: Frequently Asked Questions
What is the difference between Edelweiss ELSS Tax saver Fund and Groww NIFTY 200 ETF?
Edelweiss ELSS Tax saver Fund is an ELSS fund, Groww NIFTY 200 ETF is an ETF fund, run by Edelweiss Mutual Fund and Groww Mutual Fund. Their portfolios overlap 49.5%. Edelweiss ELSS Tax saver Fund charges 0.94% a year and Groww NIFTY 200 ETF 0.43%.
Which has given higher returns, Edelweiss ELSS Tax saver Fund or Groww NIFTY 200 ETF?
Over 1 year: Edelweiss ELSS Tax saver Fund −2.99%, Groww NIFTY 200 ETF −8.21%. 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 NIFTY 200 ETF?
Groww NIFTY 200 ETF charges less: 0.43% a year against 0.94%. These are the total expense ratios reported to AMFI.
How much do Edelweiss ELSS Tax saver Fund and Groww NIFTY 200 ETF overlap?
49.5%. They hold 63 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss ELSS Tax saver Fund or Groww NIFTY 200 ETF?
On SEBI's riskometer, Edelweiss ELSS Tax saver Fund is rated Very High and Groww NIFTY 200 ETF Very High. Over 1 years, the standard deviation of daily returns was 14.49% and 14.33% a year.
Can I invest in both Edelweiss ELSS Tax saver Fund and Groww NIFTY 200 ETF?
Yes. 49.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Edelweiss ELSS Tax saver Fund and Groww NIFTY 200 ETF?
Edelweiss ELSS Tax saver Fund: Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia. Groww NIFTY 200 ETF: Nikhil Satam, Aakash Chauhan, Shashi Kumar.
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.