Groww ELSS Tax Saver Fund vs HDFC NIFTY 100 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 HDFC NIFTY 100 ETF is an ETF fund. In the 3 years to 30-10-2026, Groww ELSS Tax Saver Fund (Direct) returned 9.0% a year and HDFC NIFTY 100 ETF returned 8.7% a year. Groww ELSS Tax Saver Fund charges 1.52% a year and HDFC NIFTY 100 ETF 0.31%. Their portfolios overlap 68.7%: they hold 59 of the same securities.
Groww ELSS Tax Saver Fund
ELSS
- 3 year return
- 9.0%
- Expense ratio
- 1.52%
- NAV
- ₹20.99
Which is better, Groww ELSS Tax Saver or HDFC NIFTY 100 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 ELSS Tax Saver returned more over 3 years: 9.0% a year against 8.7%.
- HDFC NIFTY 100 ETF returned more over 1 year: −9.0% against −9.4%.
- HDFC NIFTY 100 ETF costs less: 0.31% a year against 1.52%.
- HDFC NIFTY 100 ETF swung less over 3 years: a standard deviation of 13.7% a year against 14.3%.
- HDFC NIFTY 100 ETF fell less in its worst fall since 05-08-2022: −17.3% against −20.8%.
- HDFC NIFTY 100 ETF holds more in large companies: 98.0% of the fund in large caps against 73.0%.
- Groww ELSS Tax Saver is the larger fund: ₹48 Cr against ₹41 Cr.
- Their portfolios overlap 68.7%: 59 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 | HDFC NIFTY 100 ETF |
|---|---|---|
| Fund house | Groww Mutual Fund | HDFC Mutual Fund |
| Category | ELSS | ETF |
| AUM | ₹48 Cr (30-09-2026) | ₹41 Cr (30-09-2026) |
| NAV | ₹20.99 (Direct) | ₹24.81 |
| Expense ratio (Direct) | 1.52% | Not available |
| Expense ratio (Regular) | 2.92% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 100 TRI |
| Launch date | 28-12-2017 | 05-08-2022 |
| Minimum investment | ₹500 | On an On-going Basis: A. On the Stock Exchange: All categories of investors may purchase the Units of the Scheme through the Stock Exchange(s) on which the units of the Scheme are listed, on any trading day in round lot of one (1) Unit and multiples there |
| Lock in | 3 years | None |
| Fund managers | Paras Matalia, Nikhil Satam | Abhishek Mor, Arun Agarwal |
| Exit load | Nil | Not available |
Groww ELSS Tax Saver vs HDFC NIFTY 100 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% | -- |
| HDFC NIFTY 100 ETF | +1.02% | −5.38% | −3.12% | −8.99% | +8.73% | -- | -- |
| 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 HDFC NIFTY 100 ETF: Year-wise Returns
| Year | Groww ELSS Tax SaverGroww ELSS Tax Saver | HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF |
|---|---|---|
| 2026to date | −8.58% | −9.57% |
| 2025 | +0.70% | +9.91% |
| 2024 | +20.19% | +12.55% |
| 2023 | +27.49% | +20.87% |
| 2022 | +4.57% | -- |
| 2021 | +23.63% | -- |
Groww ELSS Tax Saver vs HDFC NIFTY 100 ETF: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Groww ELSS Tax Saver Fund
Rolling returns
Every 3-year holding period, 303 of them, one for each trading day from 05-08-2025 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.
Groww ELSS Tax Saver Fund (Direct)
HDFC NIFTY 100 ETF
BSE 500 TRI
to
Sept 2025Nov 2022
to
Nov 2025Feb 2023
to
Feb 2026Apr 2023
to
Apr 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 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 | 0.0 | 0.0 | 11.9 | 49.2 | 38.9 | 0.0 | 0.0 | 13.4% | 14.0% | 7.2% | 17.6% | 16% |
| HDFC NIFTY 100 ETF | 0.0 | 0.0 | 18.4 | 73.7 | 7.9 | 0.0 | 0.0 | 12.2% | 12.9% | 6.7% | 16.0% | 0% |
| BSE 500 TRI | 0.0 | 0.0 | 7.9 | 39.9 | 52.1 | 0.0 | 0.0 | 14.3% | 15.0% | 8.4% | 17.8% | -- |
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 05-08-2022. Past returns do not promise future returns.
Groww ELSS Tax Saver vs HDFC NIFTY 100 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 01-08-2022 to 30-10-2026: 51 instalments, ₹5,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct) | ₹5,10,000 | ₹5,64,522 | ₹54,522 | 4.7% |
| HDFC NIFTY 100 ETFHDFC NIFTY 100 ETF | ₹5,10,000 | ₹5,61,269 | ₹51,269 | 4.5% |
Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct)
HDFC NIFTY 100 ETFHDFC NIFTY 100 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 HDFC NIFTY 100 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) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | −9.41% | −8.99% |
| Standard deviation | 14.31% | 14.04% |
| Sharpe ratio | -1.02 | -1.01 |
| Sortino ratio | -1.37 | -1.35 |
| Maximum drawdown | −15.3% (30-03-2026) | −15.0% (31-03-2026) |
| Beta | 0.99 | 1.00 |
| Alpha | −1.89% | −0.30% |
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) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +9.02% | +8.73% |
| Standard deviation | 14.34% | 13.69% |
| Sharpe ratio | 0.21 | 0.20 |
| Sortino ratio | 0.28 | 0.27 |
| Maximum drawdown | −20.8% (07-04-2025) | −17.3% (28-02-2025) |
| Beta | 0.98 | 1.00 |
| Alpha | −0.79% | −0.35% |
From daily NAVs, 30-10-2023 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) | HDFC NIFTY 100 ETF |
|---|---|---|
| Return (CAGR) | +8.71% | +8.29% |
| Standard deviation | 15.45% | 12.92% |
| Sharpe ratio | 0.22 | 0.17 |
| Sortino ratio | 0.29 | 0.23 |
| Maximum drawdown | −34.6% (23-03-2020) | −17.3% (28-02-2025) |
| Beta | 0.90 | 1.00 |
| Alpha | −1.85% | −0.33% |
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)
HDFC NIFTY 100 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) | −20.8% | 23-09-2024 | 07-04-2025 | Not yet | -- | −13.5% |
| HDFC NIFTY 100 ETF | −17.3% | 26-09-2024 | 28-02-2025 | Not yet | -- | −10.6% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 05-08-2022, 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)
HDFC NIFTY 100 ETF
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Groww ELSS Tax Saver Fund (Direct)
HDFC NIFTY 100 ETF
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww ELSS Tax Saver Fund (Direct) | 97% | 99% | 4.12% |
| HDFC NIFTY 100 ETF | 93% | 101% | 2.50% |
From month-end values since 05-08-2022. 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 HDFC NIFTY 100 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Groww ELSS Tax Saver Fund, September 2026; HDFC NIFTY 100 ETF, September 2026
Holdings in common
- Overlap
- 68.7%
- Held by both
- 59
- Only in Groww ELSS Tax Saver
- 40
- Only in HDFC NIFTY 100 ETF
- 41
| Security | % of Groww ELSS Tax Saver | % of HDFC NIFTY 100 ETF |
|---|---|---|
| HDFC Bank Limited | 6.77% | 8.41% |
| ICICI Bank Limited | 5.98% | 7.34% |
| Reliance Industries Limited | 4.92% | 6.15% |
| Bharti Airtel Limited | 3.52% | 4.14% |
| Larsen & Toubro Limited | 2.72% | 3.41% |
| State Bank of India | 2.29% | 3.07% |
| Infosys Limited | 2.08% | 2.72% |
| Kotak Mahindra Bank Limited | 1.98% | 2.38% |
| Axis Bank Limited | 1.86% | 2.73% |
| Bajaj Finance Limited | 1.78% | 2.03% |
| Mahindra & Mahindra Limited | 1.75% | 2.04% |
| Titan Company Limited | 1.57% | 1.47% |
| Eternal Limited | 1.41% | 1.80% |
| ITC Limited | 1.36% | 1.96% |
| Sun Pharmaceutical Industries Limited | 1.30% | 1.49% |
| Tata Consultancy Services Limited | 1.28% | 1.62% |
| Adani Port & Special Economic Zone Ltd | 1.22% | 1.09% |
| Shriram Finance Limited | 1.23% | 1.07% |
| UltraTech Cement Limited | 1.06% | 1.01% |
| BSE Ltd | 1.24% | 0.98% |
| Hindustan Unilever Limited | 0.93% | 1.29% |
| Bajaj Auto Limited | 1.23% | 0.92% |
| Tata Steel Limited | 0.91% | 1.18% |
| NTPC Limited | 0.88% | 1.19% |
| Divi's Laboratories Limited | 0.87% | 0.92% |
| InterGlobe Aviation Limited | 1.03% | 0.87% |
| Grasim Industries Limited | 0.86% | 0.89% |
| Maruti Suzuki India Limited | 0.76% | 1.21% |
| TVS Motor Company Limited | 1.03% | 0.75% |
| Asian Paints Limited | 0.68% | 0.84% |
| Tata Motors Limited | 0.68% | 0.68% |
| Hindalco Industries Limited | 0.68% | 1.06% |
| Eicher Motors Limited | 0.67% | 0.76% |
| Nestle India Limited | 0.67% | 0.73% |
| Adani Power Limited | 0.69% | 0.66% |
| Trent Limited | 0.66% | 0.68% |
| Bharat Electronics Limited | 0.63% | 1.08% |
| JSW Steel Limited | 0.62% | 0.93% |
| HCL Technologies Limited | 0.55% | 1.00% |
| Torrent Pharmaceuticals Limited | 0.58% | 0.55% |
| Cholamandalam Invest & Finance Co Ltd | 0.53% | 0.54% |
| Coal India Limited | 0.51% | 0.79% |
| Power Grid Corporation of India Limited | 0.50% | 0.91% |
| Adani Enterprises Limited | 0.49% | 0.76% |
| Tata Consumer Products Limited | 0.88% | 0.48% |
| Jio Financial Services Limited | 0.48% | 0.55% |
| Bajaj Finserv Limited | 0.43% | 0.78% |
| Hindustan Aeronautics Limited | 0.40% | 0.69% |
| Apollo Hospitals Enterprise Limited | 0.37% | 0.65% |
| Solar Industries India Limited | 0.69% | 0.37% |
| Tech Mahindra Limited | 0.37% | 0.75% |
| Britannia Industries Limited | 0.37% | 0.44% |
| Vedanta Limited | 0.80% | 0.35% |
| Pidilite Industries Limited | 0.46% | 0.35% |
| Adani Green Energy Limited | 0.46% | 0.33% |
| Adani Energy Solutions Limited | 0.44% | 0.33% |
| Hitachi Energy India Limited | 0.48% | 0.30% |
| Hindustan Zinc Limited | 0.46% | 0.21% |
| Tata Capital Ltd | 0.51% | 0.14% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 68.7% means 68.7% 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 |
|---|---|
| Laurus Labs Limited | 1.63% |
| Multi Commodity Exchange of India Ltd. | 1.24% |
| One 97 Communications Limited | 1.17% |
| FSN E-Commerce Ventures Limited | 1.05% |
| Bharat Forge Limited | 0.96% |
Largest holdings only in HDFC NIFTY 100 ETF
| Security | % of fund |
|---|---|
| Oil & Natural Gas Corporation Ltd. | 0.68% |
| Cipla Ltd. | 0.59% |
| SBI Life Insurance Company Ltd. | 0.59% |
| Dr Reddys Laboratories Ltd. | 0.58% |
| Samvardhana Motherson International Ltd. | 0.56% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww ELSS Tax Saver | HDFC NIFTY 100 ETF |
|---|---|---|
| Equity | 98.6% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | 0.0% |
Market cap of stocks
| Market cap | Groww ELSS Tax Saver | HDFC NIFTY 100 ETF |
|---|---|---|
| Large Cap | 73.0% | 98.0% |
| Mid Cap | 18.6% | 2.0% |
| Small Cap | 7.0% | 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 | Groww ELSS Tax Saver | HDFC NIFTY 100 ETF |
|---|---|---|
| Banks | 21.2% | 25.1% |
| Pharmaceuticals & Biotechnology | 7.1% | 4.3% |
| Petroleum Products | 4.9% | 7.0% |
| IT - Software | 6.1% | 6.7% |
| Automobiles | 6.1% | 6.4% |
| Finance | 5.0% | 6.2% |
| Telecom - Services | 4.0% | 4.4% |
The six largest sectors of each fund's stocks, % of the fund.
Groww ELSS Tax Saver vs HDFC NIFTY 100 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww ELSS Tax Saver Fund | HDFC NIFTY 100 ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | Not available |
| Base expense ratio (Direct) | 0.83% | 0.00% |
| Total expense ratio (Regular) | 2.92% | Not available |
| Base expense ratio (Regular) | 2.08% | 0.25% |
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 HDFC NIFTY 100 ETF: Frequently Asked Questions
What is the difference between Groww ELSS Tax Saver Fund and HDFC NIFTY 100 ETF?
Groww ELSS Tax Saver Fund is an ELSS fund, HDFC NIFTY 100 ETF is an ETF fund, run by Groww Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 68.7%. Groww ELSS Tax Saver Fund charges 1.52% a year and HDFC NIFTY 100 ETF 0.31%.
Which has given higher returns, Groww ELSS Tax Saver Fund or HDFC NIFTY 100 ETF?
Over 1 year: Groww ELSS Tax Saver Fund −9.41%, HDFC NIFTY 100 ETF −8.99%. Over 3 years: Groww ELSS Tax Saver Fund +9.02% a year, HDFC NIFTY 100 ETF +8.73% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww ELSS Tax Saver Fund or HDFC NIFTY 100 ETF?
HDFC NIFTY 100 ETF charges less: 0.31% a year against 1.52%. These are the total expense ratios reported to AMFI.
How much do Groww ELSS Tax Saver Fund and HDFC NIFTY 100 ETF overlap?
68.7%. They hold 59 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 HDFC NIFTY 100 ETF?
On SEBI's riskometer, Groww ELSS Tax Saver Fund is rated Very High and HDFC NIFTY 100 ETF Very High. Over 3 years, the standard deviation of daily returns was 14.34% and 13.69% a year.
Which is better for SIP, Groww ELSS Tax Saver Fund or HDFC NIFTY 100 ETF?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,67,633 in Groww ELSS Tax Saver Fund (XIRR -0.4% a year) and ₹3,71,409 in HDFC NIFTY 100 ETF (XIRR 0.2% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Groww ELSS Tax Saver Fund and HDFC NIFTY 100 ETF?
Yes. 68.7% 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 HDFC NIFTY 100 ETF?
Groww ELSS Tax Saver Fund: Paras Matalia, Nikhil Satam. HDFC NIFTY 100 ETF: Abhishek Mor, Arun Agarwal.
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.