Groww ELSS Tax Saver Fund vs Groww NIFTY 200 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Groww ELSS Tax Saver Fund is an ELSS fund and Groww NIFTY 200 ETF is an ETF fund. In the year to 30-10-2026, Groww ELSS Tax Saver Fund (Direct) returned −9.4% and Groww NIFTY 200 ETF returned −8.2%. Groww ELSS Tax Saver Fund charges 1.52% a year and Groww NIFTY 200 ETF 0.43%. Their portfolios overlap 72.7%: they hold 84 of the same securities.
Groww ELSS Tax Saver Fund
ELSS
- 1 year return
- −9.4%
- Expense ratio
- 1.52%
- NAV
- ₹20.99
Which is better, Groww 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.
- Groww NIFTY 200 ETF returned more over 1 year: −8.2% against −9.4%.
- Groww NIFTY 200 ETF costs less: 0.43% a year against 1.52%.
- Groww NIFTY 200 ETF fell less in its worst fall since 27-02-2025: −14.8% against −15.7%.
- Groww ELSS Tax Saver is the larger fund: ₹48 Cr against ₹16 Cr.
- Their portfolios overlap 72.7%: 84 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 NIFTY 200 ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | Groww Mutual Fund |
| Category | ELSS | ETF |
| AUM | ₹48 Cr (30-09-2026) | ₹16 Cr (30-09-2026) |
| NAV | ₹20.99 (Direct) | ₹10.72 |
| Expense ratio (Direct) | 1.52% | Not available |
| Expense ratio (Regular) | 2.92% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 200 TRI |
| Launch date | 28-12-2017 | 25-02-2025 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | 3 years | None |
| Fund managers | Paras Matalia, Nikhil Satam | Nikhil Satam, Aakash Chauhan, Shashi Kumar |
| Exit load | Nil | Nil |
Groww 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 |
|---|---|---|---|---|---|---|---|
| Groww ELSS Tax Saver Fund (Direct) | +0.77% | −4.29% | −1.55% | −9.41% | +9.02% | +7.69% | -- |
| 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% | -- |
Category average: the average of the 50 ELSS funds, same plan type.
Groww ELSS Tax Saver vs Groww NIFTY 200 ETF: Year-wise Returns
| Year | ELSS Tax SaverGroww ELSS Tax Saver | NIFTY 200 ETFGroww NIFTY 200 ETF |
|---|---|---|
| 2026to date | −8.58% | −8.79% |
| 2025 | +0.70% | -- |
| 2024 | +20.19% | -- |
| 2023 | +27.49% | -- |
| 2022 | +4.57% | -- |
| 2021 | +23.63% | -- |
Groww ELSS Tax Saver vs Groww NIFTY 200 ETF: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Groww 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.
Groww ELSS Tax Saver Fund (Direct)
Groww NIFTY 200 ETF
BSE 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Groww ELSS Tax Saver | 76.2 | 10.4 | 10.4 | 3.0 | 0.0 | 0.0 | 0.0 | −2.2% | −3.3% | −12.0% | 13.8% | 0% |
| 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% | 10% |
| BSE 500 TRI | 40.9 | 39.0 | 15.9 | 3.7 | 0.6 | 0.0 | 0.0 | 1.3% | 0.7% | −9.2% | 15.7% | -- |
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 BSE 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.
Groww 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 |
|---|---|---|---|---|
| Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct) | ₹2,10,000 | ₹2,03,495 | −₹6,505 | −3.4% |
| Groww NIFTY 200 ETFGroww NIFTY 200 ETF | ₹2,10,000 | ₹2,04,546 | −₹5,454 | −2.9% |
Groww ELSS Tax SaverGroww 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.
Groww 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 | Groww ELSS Tax Saver Fund (Direct) | Groww NIFTY 200 ETF |
|---|---|---|
| Return (CAGR) | −9.41% | −8.21% |
| Standard deviation | 14.31% | 14.33% |
| Sharpe ratio | -1.02 | -0.94 |
| Sortino ratio | -1.37 | -1.24 |
| Maximum drawdown | −15.3% (30-03-2026) | −14.8% (31-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −1.89% | −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 | Groww ELSS Tax Saver Fund (Direct) | Groww NIFTY 200 ETF |
|---|---|---|
| Return (CAGR) | +8.71% | +4.51% |
| Standard deviation | 15.45% | 13.84% |
| Sharpe ratio | 0.22 | -0.07 |
| Sortino ratio | 0.29 | -0.09 |
| Maximum drawdown | −34.6% (23-03-2020) | −14.8% (31-03-2026) |
| Beta | 0.90 | 1.00 |
| Alpha | −1.85% | −0.43% |
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 NIFTY 200 ETF
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 NIFTY 200 ETF | −14.8% | 02-01-2026 | 31-03-2026 | Not yet | -- | −9.7% |
| BSE 500 TRI | −14.8% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.7% |
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.
Groww ELSS Tax Saver Fund (Direct)
Groww NIFTY 200 ETF
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww ELSS Tax Saver Fund (Direct) | 88% | 90% | 4.32% |
| Groww NIFTY 200 ETF | 96% | 100% | 1.52% |
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.
Groww ELSS Tax Saver vs Groww NIFTY 200 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Groww ELSS Tax Saver Fund, September 2026; Groww NIFTY 200 ETF, September 2026
Holdings in common
- Overlap
- 72.7%
- Held by both
- 84
- Only in Groww ELSS Tax Saver
- 15
- Only in Groww NIFTY 200 ETF
- 116
| Security | % of Groww ELSS Tax Saver | % of Groww NIFTY 200 ETF |
|---|---|---|
| HDFC Bank Limited | 6.77% | 6.72% |
| ICICI Bank Limited | 5.98% | 5.86% |
| Reliance Industries Limited | 4.92% | 4.91% |
| Bharti Airtel Limited | 3.52% | 3.31% |
| Larsen & Toubro Limited | 2.72% | 2.72% |
| State Bank of India | 2.29% | 2.45% |
| Infosys Limited | 2.08% | 2.17% |
| Kotak Mahindra Bank Limited | 1.98% | 1.90% |
| Axis Bank Limited | 1.86% | 2.18% |
| Mahindra & Mahindra Limited | 1.75% | 1.63% |
| Bajaj Finance Limited | 1.78% | 1.62% |
| Eternal Limited | 1.41% | 1.43% |
| ITC Limited | 1.36% | 1.57% |
| Tata Consultancy Services Limited | 1.28% | 1.29% |
| Sun Pharmaceutical Industries Limited | 1.30% | 1.19% |
| Titan Company Limited | 1.57% | 1.17% |
| Hindustan Unilever Limited | 0.93% | 1.03% |
| Tata Steel Limited | 0.91% | 0.95% |
| NTPC Limited | 0.88% | 0.95% |
| Adani Port & Special Economic Zone Ltd | 1.22% | 0.87% |
| Shriram Finance Limited | 1.23% | 0.85% |
| UltraTech Cement Limited | 1.06% | 0.80% |
| BSE Ltd | 1.24% | 0.78% |
| Maruti Suzuki India Limited | 0.76% | 0.96% |
| Bajaj Auto Limited | 1.23% | 0.73% |
| Divi's Laboratories Limited | 0.87% | 0.73% |
| Grasim Industries Limited | 0.86% | 0.71% |
| InterGlobe Aviation Limited | 1.03% | 0.70% |
| Hindalco Industries Limited | 0.68% | 0.84% |
| Asian Paints Limited | 0.68% | 0.67% |
| Bharat Electronics Limited | 0.63% | 0.86% |
| JSW Steel Limited | 0.62% | 0.75% |
| Eicher Motors Limited | 0.67% | 0.61% |
| TVS Motor Company Limited | 1.03% | 0.60% |
| Nestle India Limited | 0.67% | 0.58% |
| HCL Technologies Limited | 0.55% | 0.80% |
| Tata Motors Limited | 0.68% | 0.55% |
| Trent Limited | 0.66% | 0.54% |
| Adani Power Limited | 0.69% | 0.53% |
| Multi Commodity Exchange of India Ltd. | 1.24% | 0.52% |
| Coal India Limited | 0.51% | 0.63% |
| Power Grid Corporation of India Limited | 0.50% | 0.73% |
| Adani Enterprises Limited | 0.49% | 0.61% |
| The Federal Bank Limited | 0.90% | 0.48% |
| Laurus Labs Limited | 1.63% | 0.48% |
| One 97 Communications Limited | 1.17% | 0.45% |
| Jio Financial Services Limited | 0.48% | 0.44% |
| Cholamandalam Invest & Finance Co Ltd | 0.53% | 0.43% |
| Torrent Pharmaceuticals Limited | 0.58% | 0.43% |
| Bajaj Finserv Limited | 0.43% | 0.62% |
| Hero MotoCorp Limited | 0.62% | 0.42% |
| Hindustan Aeronautics Limited | 0.40% | 0.55% |
| The Indian Hotels Company Limited | 0.95% | 0.40% |
| Tata Consumer Products Limited | 0.88% | 0.38% |
| Coforge Limited | 0.61% | 0.38% |
| Apollo Hospitals Enterprise Limited | 0.37% | 0.51% |
| Tech Mahindra Limited | 0.37% | 0.60% |
| IndusInd Bank Limited | 0.72% | 0.37% |
| AU Small Finance Bank Limited | 0.73% | 0.36% |
| PERSISTENT SYSTEMS LTD | 0.74% | 0.35% |
| Britannia Industries Limited | 0.37% | 0.35% |
| Bharat Forge Limited | 0.96% | 0.33% |
| GE Vernova T&D India Limited | 0.47% | 0.32% |
| Lenskart Solutions Limited | 0.53% | 0.31% |
| Lupin Limited | 0.66% | 0.31% |
| Suzlon Energy Limited | 0.41% | 0.30% |
| Indus Towers Limited | 0.45% | 0.30% |
| Solar Industries India Limited | 0.69% | 0.29% |
| Aurobindo Pharma Limited | 0.44% | 0.29% |
| Vedanta Limited | 0.80% | 0.28% |
| Pidilite Industries Limited | 0.46% | 0.28% |
| Ashok Leyland Limited | 0.79% | 0.27% |
| FSN E-Commerce Ventures Limited | 1.05% | 0.27% |
| Adani Energy Solutions Limited | 0.44% | 0.26% |
| Adani Green Energy Limited | 0.46% | 0.26% |
| Marico Limited | 0.77% | 0.26% |
| Fortis Healthcare Limited | 0.48% | 0.25% |
| Hitachi Energy India Limited | 0.48% | 0.23% |
| The Phoenix Mills Limited | 0.65% | 0.22% |
| Radico Khaitan Limited | 0.54% | 0.21% |
| Lodha Developers Limited | 0.59% | 0.21% |
| Hindustan Zinc Limited | 0.46% | 0.17% |
| Oracle Financial Services Software | 0.47% | 0.16% |
| Tata Capital Ltd | 0.51% | 0.11% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 72.7% means 72.7% 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 |
|---|---|
| Navin Fluorine International Limited | 0.88% |
| Acutaas Chemicals Limited | 0.61% |
| Dr. Lal Path Labs Ltd. | 0.55% |
| SYRMA SGS TECHNOLOGY LIMITED | 0.53% |
| AEGIS LOGISTICS LTD | 0.53% |
Largest holdings only in Groww NIFTY 200 ETF
| Security | % of fund |
|---|---|
| Oil & Natural Gas Corporation Limited | 0.54% |
| SBI Life Insurance Company Limited | 0.47% |
| Cipla Limited | 0.47% |
| Dr. Reddy's Laboratories Limited | 0.46% |
| Samvardhana Motherson International Ltd | 0.45% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww ELSS Tax Saver | Groww NIFTY 200 ETF |
|---|---|---|
| Equity | 98.6% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | 0.1% |
Market cap of stocks
| Market cap | Groww ELSS Tax Saver | Groww NIFTY 200 ETF |
|---|---|---|
| Large Cap | 73.0% | 79.6% |
| Mid Cap | 18.6% | 19.9% |
| Small Cap | 7.0% | 0.3% |
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 | Groww ELSS Tax Saver | Groww NIFTY 200 ETF |
|---|---|---|
| Banks | 21.2% | 22.2% |
| Pharmaceuticals & Biotechnology | 7.1% | 5.1% |
| IT - Software | 6.1% | 6.4% |
| Automobiles | 6.1% | 5.5% |
| Finance | 5.0% | 5.9% |
| Petroleum Products | 4.9% | 5.8% |
The six largest sectors of each fund's stocks, % of the fund.
Groww ELSS Tax Saver vs Groww NIFTY 200 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww ELSS Tax Saver Fund | Groww NIFTY 200 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | Not available |
| Base expense ratio (Direct) | 0.83% | 0.35% |
| Total expense ratio (Regular) | 2.92% | 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
Groww ELSS Tax Saver Fund vs Groww NIFTY 200 ETF: Frequently Asked Questions
What is the difference between Groww ELSS Tax Saver Fund and Groww NIFTY 200 ETF?
Groww ELSS Tax Saver Fund is an ELSS fund, Groww NIFTY 200 ETF is an ETF fund, run by Groww Mutual Fund. Their portfolios overlap 72.7%. Groww ELSS Tax Saver Fund charges 1.52% a year and Groww NIFTY 200 ETF 0.43%.
Which has given higher returns, Groww ELSS Tax Saver Fund or Groww NIFTY 200 ETF?
Over 1 year: Groww ELSS Tax Saver Fund −9.41%, Groww NIFTY 200 ETF −8.21%. 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 NIFTY 200 ETF?
Groww NIFTY 200 ETF charges less: 0.43% a year against 1.52%. These are the total expense ratios reported to AMFI.
How much do Groww ELSS Tax Saver Fund and Groww NIFTY 200 ETF overlap?
72.7%. They hold 84 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 NIFTY 200 ETF?
On SEBI's riskometer, Groww 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 14.31% and 14.33% a year.
Can I invest in both Groww ELSS Tax Saver Fund and Groww NIFTY 200 ETF?
Yes. 72.7% 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 NIFTY 200 ETF?
Groww ELSS Tax Saver Fund: Paras Matalia, Nikhil Satam. 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.