Groww ELSS Tax Saver Fund vs Groww Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww ELSS Tax Saver Fund is an ELSS fund and Groww Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Groww ELSS Tax Saver Fund (Direct) returned −9.4% and Groww Multi Asset Allocation Fund (Direct) returned −0.8%. Groww ELSS Tax Saver Fund charges 1.52% a year and Groww Multi Asset Allocation Fund 1.01% (Direct plans). Their portfolios overlap 53.8%: they hold 54 of the same securities.
Groww ELSS Tax Saver Fund
ELSS
- 1 year return
- −9.4%
- Expense ratio
- 1.52%
- NAV
- ₹20.99
Groww Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −0.8%
- Expense ratio
- 1.01%
- NAV
- ₹10.01
Which is better, Groww ELSS Tax Saver or Groww Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Multi Asset Allocation returned more over 1 year: −0.8% against −9.4%.
- Groww Multi Asset Allocation costs less: 1.01% a year against 1.52% (Direct plans).
- Groww Multi Asset Allocation fell less in its worst fall since 03-10-2025: −12.4% against −15.7%.
- Groww ELSS Tax Saver holds more in large companies: 73.0% of the fund in large caps against 43.0%.
- Groww Multi Asset Allocation is the larger fund: ₹373 Cr against ₹48 Cr.
- Their portfolios overlap 53.8%: 54 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 | Groww ELSS Tax Saver Fund | Groww Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Groww Mutual Fund |
| Category | ELSS | Multi Asset |
| AUM | ₹48 Cr (30-09-2026) | ₹373 Cr (30-09-2026) |
| NAV | ₹20.99 (Direct) | ₹10.01 (Direct) |
| Expense ratio (Direct) | 1.52% | 1.01% |
| Expense ratio (Regular) | 2.92% | 2.66% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | 60% Nifty 500 TRI + 30% CRISIL Composite Bond Fund Index + 5% Domestic Gold Prices + 5% Domestic Silver Prices |
| Launch date | 28-12-2017 | 30-09-2025 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | 3 years | None |
| Fund managers | Paras Matalia, Nikhil Satam | Paras Matalia, Kaustubh Sule, Nikhil Satam, Wilfred Gonsalves |
| Exit load | Nil | Exit load of 1%, if redeemed within 30 days. |
Groww ELSS Tax Saver vs Groww Multi Asset Allocation: 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 |
|---|---|---|---|---|---|---|---|
| Groww ELSS Tax Saver Fund (Direct) | +0.77% | −4.29% | −1.55% | −9.41% | +9.02% | +7.69% | -- |
| Groww Multi Asset Allocation Fund (Direct) | −0.33% | −2.86% | −1.62% | −0.80% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 37 Multi Asset funds, same plan type.
Groww ELSS Tax Saver vs Groww Multi Asset Allocation: Year-wise Returns
| Year | ELSS Tax SaverGroww ELSS Tax Saver | Multi Asset AllocationGroww Multi Asset Allocation |
|---|---|---|
| 2026to date | −8.58% | −3.73% |
| 2025 | +0.70% | -- |
| 2024 | +20.19% | -- |
| 2023 | +27.49% | -- |
| 2022 | +4.57% | -- |
| 2021 | +23.63% | -- |
Groww ELSS Tax Saver vs Groww Multi Asset Allocation: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Groww ELSS Tax Saver Fund
Groww ELSS Tax Saver vs Groww Multi Asset Allocation: 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 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct) | ₹1,30,000 | ₹1,24,851 | −₹5,149 | −6.8% |
| Groww Multi Asset AllocationGroww Multi Asset Allocation Fund (Direct) | ₹1,30,000 | ₹1,27,503 | −₹2,497 | −3.3% |
Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct)
Groww Multi Asset AllocationGroww Multi Asset Allocation 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.
Groww ELSS Tax Saver vs Groww Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww ELSS Tax Saver Fund (Direct) | Groww Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.41% | −0.80% |
| Standard deviation | 14.31% | 12.23% |
| Sharpe ratio | -1.02 | -0.49 |
| Sortino ratio | -1.37 | -0.65 |
| Maximum drawdown | −15.3% (30-03-2026) | −12.4% (23-03-2026) |
| Beta | 0.99 | -- |
| Alpha | −1.89% | -- |
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 | Groww ELSS Tax Saver Fund (Direct) | Groww Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | −0.08% |
| Standard deviation | 15.45% | 11.85% |
| Sharpe ratio | 0.22 | -0.45 |
| Sortino ratio | 0.29 | -0.60 |
| Maximum drawdown | −34.6% (23-03-2020) | −12.4% (23-03-2026) |
| Beta | 0.90 | -- |
| Alpha | −1.85% | -- |
From daily NAVs, 29-12-2017 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.
Groww ELSS Tax Saver Fund (Direct)
Groww Multi Asset Allocation Fund (Direct)
BSE 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww ELSS Tax Saver Fund (Direct) | −15.7% | 29-10-2025 | 30-03-2026 | Not yet | -- | −9.8% |
| Groww Multi Asset Allocation Fund (Direct) | −12.4% | 29-01-2026 | 23-03-2026 | Not yet | -- | −7.8% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
From daily values since 03-10-2025, 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.
Groww ELSS Tax Saver Fund (Direct)
Groww Multi Asset Allocation Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww ELSS Tax Saver Fund (Direct) | 86% | 98% | 2.80% |
| Groww Multi Asset Allocation Fund (Direct) | 52% | 38% | 8.33% |
From month-end values since 03-10-2025. 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.
Groww ELSS Tax Saver vs Groww Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Groww ELSS Tax Saver Fund, September 2026; Groww Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 53.8%
- Held by both
- 54
- Only in Groww ELSS Tax Saver
- 45
- Only in Groww Multi Asset Allocation
- 26
| Security | % of Groww ELSS Tax Saver | % of Groww Multi Asset Allocation |
|---|---|---|
| HDFC Bank Limited | 6.77% | 3.95% |
| ICICI Bank Limited | 5.98% | 3.81% |
| Reliance Industries Limited | 4.92% | 2.91% |
| Bharti Airtel Limited | 3.52% | 1.99% |
| Larsen & Toubro Limited | 2.72% | 1.84% |
| Bajaj Finance Limited | 1.78% | 1.96% |
| Mahindra & Mahindra Limited | 1.75% | 2.86% |
| Kotak Mahindra Bank Limited | 1.98% | 1.62% |
| State Bank of India | 2.29% | 1.61% |
| Axis Bank Limited | 1.86% | 1.32% |
| Laurus Labs Limited | 1.63% | 1.30% |
| Adani Port & Special Economic Zone Ltd | 1.22% | 1.31% |
| ITC Limited | 1.36% | 1.09% |
| Infosys Limited | 2.08% | 1.05% |
| Multi Commodity Exchange of India Ltd. | 1.24% | 0.99% |
| One 97 Communications Limited | 1.17% | 0.99% |
| Bharat Forge Limited | 0.96% | 1.05% |
| Titan Company Limited | 1.57% | 0.95% |
| Eternal Limited | 1.41% | 0.91% |
| The Federal Bank Limited | 0.90% | 1.32% |
| InterGlobe Aviation Limited | 1.03% | 0.88% |
| Grasim Industries Limited | 0.86% | 0.85% |
| FSN E-Commerce Ventures Limited | 1.05% | 0.83% |
| Navin Fluorine International Limited | 0.88% | 0.82% |
| Tata Steel Limited | 0.91% | 0.82% |
| Vedanta Limited | 0.80% | 0.91% |
| Ashok Leyland Limited | 0.79% | 1.18% |
| Bajaj Auto Limited | 1.23% | 0.78% |
| Tata Consumer Products Limited | 0.88% | 0.77% |
| TVS Motor Company Limited | 1.03% | 0.77% |
| The Indian Hotels Company Limited | 0.95% | 0.76% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.74% |
| AU Small Finance Bank Limited | 0.73% | 0.78% |
| IndusInd Bank Limited | 0.72% | 0.85% |
| Hindalco Industries Limited | 0.68% | 0.89% |
| UltraTech Cement Limited | 1.06% | 0.65% |
| Hero MotoCorp Limited | 0.62% | 0.81% |
| JSW Steel Limited | 0.62% | 0.89% |
| Radico Khaitan Limited | 0.54% | 0.72% |
| The Phoenix Mills Limited | 0.65% | 0.54% |
| Tata Consultancy Services Limited | 1.28% | 0.52% |
| NTPC Limited | 0.88% | 0.52% |
| Coforge Limited | 0.61% | 0.50% |
| Maruti Suzuki India Limited | 0.76% | 0.50% |
| PERSISTENT SYSTEMS LTD | 0.74% | 0.49% |
| BSE Ltd | 1.24% | 0.49% |
| Sona BLW Precision Forgings Limited | 0.49% | 0.65% |
| Adani Enterprises Limited | 0.49% | 1.31% |
| Fortis Healthcare Limited | 0.48% | 0.54% |
| Aurobindo Pharma Limited | 0.44% | 1.03% |
| Suzlon Energy Limited | 0.41% | 0.49% |
| Lupin Limited | 0.66% | 0.40% |
| Indus Towers Limited | 0.45% | 0.25% |
| Hindustan Unilever Limited | 0.93% | 0.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 53.8% means 53.8% 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 Groww ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Shriram Finance Limited | 1.23% |
| Divi's Laboratories Limited | 0.87% |
| Marico Limited | 0.77% |
| Solar Industries India Limited | 0.69% |
| Adani Power Limited | 0.69% |
Largest holdings only in Groww Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| GROWW Gold ETF | 13.64% |
| SIDBI 16-DEC-2026 | 3.97% |
| Kotak Mahindra Bank Limited 18-DEC-2026 | 3.18% |
| Yes Bank Ltd | 1.28% |
| NIPPON INDIA MUTUALFUND | 1.24% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww ELSS Tax Saver | Groww Multi Asset Allocation |
|---|---|---|
| Equity | 98.6% | 66.2% |
| Debt | 0.0% | 9.9% |
| Cash and others | 1.4% | 23.9% |
Market cap of stocks
| Market cap | Groww ELSS Tax Saver | Groww Multi Asset Allocation |
|---|---|---|
| Large Cap | 73.0% | 43.0% |
| Mid Cap | 18.6% | 20.8% |
| Small Cap | 7.0% | 2.4% |
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 | Groww ELSS Tax Saver | Groww Multi Asset Allocation |
|---|---|---|
| Banks | 21.2% | 17.3% |
| Pharmaceuticals & Biotechnology | 7.1% | 4.7% |
| Automobiles | 6.1% | 6.3% |
| IT - Software | 6.1% | 2.6% |
| Finance | 5.0% | 2.5% |
| Petroleum Products | 4.9% | 2.9% |
The six largest sectors of each fund's stocks, % of the fund.
Groww ELSS Tax Saver vs Groww Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww ELSS Tax Saver Fund | Groww Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | 1.01% |
| Base expense ratio (Direct) | 0.83% | 0.55% |
| Total expense ratio (Regular) | 2.92% | 2.66% |
| Base expense ratio (Regular) | 2.08% | 2.02% |
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 Groww ELSS Tax Saver with
Compare Groww Multi Asset Allocation with
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- Groww Multi Asset Allocation vs DSP Multi Asset Allocation
- Groww Multi Asset Allocation vs Kotak Multi Asset Allocation
- Groww Multi Asset Allocation vs WhiteOak Capital Multi Asset Allocation
Groww ELSS Tax Saver Fund vs Groww Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Groww ELSS Tax Saver Fund and Groww Multi Asset Allocation Fund?
Groww ELSS Tax Saver Fund is an ELSS fund, Groww Multi Asset Allocation Fund is a Multi Asset fund, run by Groww Mutual Fund. Their portfolios overlap 53.8%. Groww ELSS Tax Saver Fund charges 1.52% a year and Groww Multi Asset Allocation Fund 1.01%.
Which has given higher returns, Groww ELSS Tax Saver Fund or Groww Multi Asset Allocation Fund?
Over 1 year: Groww ELSS Tax Saver Fund −9.41%, Groww Multi Asset Allocation Fund −0.80%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww ELSS Tax Saver Fund or Groww Multi Asset Allocation Fund?
Groww Multi Asset Allocation Fund charges less: 1.01% a year against 1.52%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww ELSS Tax Saver Fund and Groww Multi Asset Allocation Fund overlap?
53.8%. They hold 54 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, RELIANCE. From each fund's latest monthly portfolio.
Which is riskier, Groww ELSS Tax Saver Fund or Groww Multi Asset Allocation Fund?
On SEBI's riskometer, Groww ELSS Tax Saver Fund is rated Very High and Groww Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 14.31% and 12.23% a year.
Can I invest in both Groww ELSS Tax Saver Fund and Groww Multi Asset Allocation Fund?
Yes. 53.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww ELSS Tax Saver Fund and Groww Multi Asset Allocation Fund?
Groww ELSS Tax Saver Fund: Paras Matalia, Nikhil Satam. Groww Multi Asset Allocation Fund: Paras Matalia, Kaustubh Sule, Nikhil Satam, Wilfred Gonsalves.
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.