Groww ELSS Tax Saver Fund vs ITI Balanced Advantage Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww ELSS Tax Saver Fund is an ELSS fund and ITI Balanced Advantage Fund is a Balanced Advantage fund. In the 3 years to 30-10-2026, Groww ELSS Tax Saver Fund (Direct) returned 9.0% a year and ITI Balanced Advantage Fund (Direct) returned 7.7% a year. Groww ELSS Tax Saver Fund charges 1.52% a year and ITI Balanced Advantage Fund 1.59% (Direct plans). Their portfolios overlap 30.5%: they hold 23 of the same securities.
Groww ELSS Tax Saver Fund
ELSS
- 3 year return
- 9.0%
- Expense ratio
- 1.52%
- NAV
- ₹20.99
ITI Balanced Advantage Fund
Balanced Advantage
- 3 year return
- 7.7%
- Expense ratio
- 1.59%
- NAV
- ₹15.44
Which is better, Groww ELSS Tax Saver or ITI Balanced Advantage? 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 5 years: 7.7% a year against 6.2%.
- Groww ELSS Tax Saver returned more over 3 years: 9.0% a year against 7.7%.
- Groww ELSS Tax Saver costs less: 1.52% a year against 1.59% (Direct plans).
- ITI Balanced Advantage swung less over 3 years: a standard deviation of 9.3% a year against 14.3%.
- ITI Balanced Advantage fell less in its worst fall since 03-01-2020: −33.6% against −34.0%.
- Groww ELSS Tax Saver holds more in large companies: 73.0% of the fund in large caps against 32.4%.
- ITI Balanced Advantage is the larger fund: ₹320 Cr against ₹48 Cr.
- Their portfolios overlap 30.5%: 23 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 | ITI Balanced Advantage Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | ITI Mutual Fund |
| Category | ELSS | Balanced Advantage |
| AUM | ₹48 Cr (30-09-2026) | ₹320 Cr (30-09-2026) |
| NAV | ₹20.99 (Direct) | ₹15.44 (Direct) |
| Expense ratio (Direct) | 1.52% | 1.59% |
| Expense ratio (Regular) | 2.92% | 3.24% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Launch date | 28-12-2017 | 31-12-2019 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | None |
| Fund managers | Paras Matalia, Nikhil Satam | Nilay Dalal, Animesh Singh |
| Exit load | Nil | Exit Load for units in excess of 10% of the investment,0.50% will be charged for redemption within 3 months. |
Groww ELSS Tax Saver vs ITI Balanced Advantage: 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% | -- |
| ITI Balanced Advantage Fund (Direct) | −3.94% | −4.46% | −2.16% | −6.88% | +7.67% | +6.17% | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
| Balanced Advantage average | −0.55% | −2.88% | +0.08% | −2.08% | +9.14% | +8.35% | -- |
Category average: the average of the 50 ELSS funds and the 38 Balanced Advantage funds, same plan type.
Groww ELSS Tax Saver vs ITI Balanced Advantage: Year-wise Returns
| Year | Groww ELSS Tax SaverGroww ELSS Tax Saver | ITI Balanced AdvantageITI Balanced Advantage |
|---|---|---|
| 2026to date | −8.58% | −7.34% |
| 2025 | +0.70% | +6.26% |
| 2024 | +20.19% | +15.52% |
| 2023 | +27.49% | +19.44% |
| 2022 | +4.57% | −1.18% |
| 2021 | +23.63% | +24.86% |
Groww ELSS Tax Saver vs ITI Balanced Advantage: 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, 940 of them, one for each trading day from 03-01-2023 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)
ITI Balanced Advantage Fund (Direct)
BSE 500 TRI
to
Apr 2023Dec 2020
to
Dec 2023Aug 2021
to
Aug 2024Apr 2022
to
Apr 2025Nov 2022
to
Nov 2025Jul 2023
to
Jul 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 | 3.8 | 29.4 | 53.1 | 13.2 | 0.5 | 16.4% | 16.8% | 7.2% | 26.7% | 17% |
| ITI Balanced Advantage | 0.0 | 4.6 | 9.1 | 84.1 | 2.2 | 0.0 | 0.0 | 11.9% | 12.4% | 3.0% | 17.4% | 0% |
| BSE 500 TRI | 0.0 | 0.0 | 2.6 | 21.7 | 47.8 | 18.6 | 9.4 | 18.0% | 17.2% | 8.4% | 33.9% | -- |
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 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 03-01-2020. Past returns do not promise future returns.
Groww ELSS Tax Saver vs ITI Balanced Advantage: 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 01-01-2020 to 30-10-2026: 82 instalments, ₹8,20,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct) | ₹8,20,000 | ₹11,39,539 | ₹3,19,539 | 9.5% |
| ITI Balanced AdvantageITI Balanced Advantage Fund (Direct) | ₹8,20,000 | ₹10,51,049 | ₹2,31,049 | 7.2% |
Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct)
ITI Balanced AdvantageITI Balanced Advantage 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 ITI Balanced Advantage: 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) | ITI Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.41% | −6.88% |
| Standard deviation | 14.31% | 9.25% |
| Sharpe ratio | -1.02 | -1.31 |
| Sortino ratio | -1.37 | -1.65 |
| Maximum drawdown | −15.3% (30-03-2026) | −9.7% (23-10-2026) |
| 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) | ITI Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.02% | +7.67% |
| Standard deviation | 14.34% | 9.32% |
| Sharpe ratio | 0.21 | 0.18 |
| Sortino ratio | 0.28 | 0.23 |
| Maximum drawdown | −20.8% (07-04-2025) | −9.7% (23-10-2026) |
| Beta | 0.98 | -- |
| Alpha | −0.79% | -- |
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) | ITI Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.69% | +6.17% |
| Standard deviation | 13.96% | 8.34% |
| Sharpe ratio | 0.14 | 0.04 |
| Sortino ratio | 0.18 | 0.06 |
| Maximum drawdown | −20.8% (07-04-2025) | −9.9% (17-06-2022) |
| Beta | 0.94 | -- |
| Alpha | −0.79% | -- |
From daily NAVs, 29-10-2021 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) | ITI Balanced Advantage Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | +6.48% |
| Standard deviation | 15.45% | 12.67% |
| Sharpe ratio | 0.22 | 0.11 |
| Sortino ratio | 0.29 | 0.13 |
| Maximum drawdown | −34.6% (23-03-2020) | −33.6% (23-03-2020) |
| 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)
ITI Balanced Advantage 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) | −34.0% | 17-01-2020 | 23-03-2020 | 10-11-2020 | 8 months | −13.5% |
| ITI Balanced Advantage Fund (Direct) | −33.6% | 24-01-2020 | 23-03-2020 | 31-05-2021 | 14 months | −8.1% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 03-01-2020, 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)
ITI Balanced Advantage Fund (Direct)
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)
ITI Balanced Advantage Fund (Direct)
BSE 500 TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Groww ELSS Tax Saver Fund (Direct)
ITI Balanced Advantage Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww ELSS Tax Saver Fund (Direct) | 91% | 97% | 4.20% |
| ITI Balanced Advantage Fund (Direct) | 54% | 60% | 9.78% |
From month-end values since 03-01-2020. 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 ITI Balanced Advantage: Portfolio Overlap
From each fund's latest monthly portfolio: Groww ELSS Tax Saver Fund, September 2026; ITI Balanced Advantage Fund, September 2026
Holdings in common
- Overlap
- 30.5%
- Held by both
- 23
- Only in Groww ELSS Tax Saver
- 76
- Only in ITI Balanced Advantage
- 43
| Security | % of Groww ELSS Tax Saver | % of ITI Balanced Advantage |
|---|---|---|
| HDFC Bank Limited | 6.77% | 4.33% |
| Reliance Industries Limited | 4.92% | 4.26% |
| ICICI Bank Limited | 5.98% | 3.15% |
| Laurus Labs Limited | 1.63% | 2.37% |
| Eternal Limited | 1.41% | 2.18% |
| Axis Bank Limited | 1.86% | 1.30% |
| Bajaj Auto Limited | 1.23% | 1.59% |
| Titan Company Limited | 1.57% | 1.18% |
| One 97 Communications Limited | 1.17% | 1.11% |
| Multi Commodity Exchange of India Ltd. | 1.24% | 1.07% |
| TVS Motor Company Limited | 1.03% | 1.12% |
| State Bank of India | 2.29% | 1.02% |
| Infosys Limited | 2.08% | 0.93% |
| Divi's Laboratories Limited | 0.87% | 1.38% |
| Grasim Industries Limited | 0.86% | 1.12% |
| Vedanta Limited | 0.80% | 0.99% |
| AU Small Finance Bank Limited | 0.73% | 1.12% |
| Bajaj Finance Limited | 1.78% | 0.73% |
| Solar Industries India Limited | 0.69% | 1.22% |
| Hindalco Industries Limited | 0.68% | 1.16% |
| Dr. Lal Path Labs Ltd. | 0.55% | 1.33% |
| Cholamandalam Invest & Finance Co Ltd | 0.53% | 0.56% |
| Apollo Hospitals Enterprise Limited | 0.37% | 1.04% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 30.5% means 30.5% 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 Groww ELSS Tax Saver Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Limited | 3.52% |
| Larsen & Toubro Limited | 2.72% |
| Kotak Mahindra Bank Limited | 1.98% |
| Mahindra & Mahindra Limited | 1.75% |
| ITC Limited | 1.36% |
Largest holdings only in ITI Balanced Advantage Fund
| Security | % of fund |
|---|---|
| 8.13% Power Grid Corporation of India Limited (25/04/2028) | 3.15% |
| 7.48% National Bank For Agriculture and Rural Development (15/09/2028) | 2.80% |
| Wockhardt Limited | 2.52% |
| 7.53% National Bank For Agriculture and Rural Development (24/03/2028) | 2.49% |
| 7.79% Small Industries Dev Bank of India (19/04/2027) | 2.35% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww ELSS Tax Saver | ITI Balanced Advantage |
|---|---|---|
| Equity | 98.6% | 74.4% |
| Debt | 0.0% | 20.0% |
| Cash and others | 1.4% | 5.6% |
Market cap of stocks
| Market cap | Groww ELSS Tax Saver | ITI Balanced Advantage |
|---|---|---|
| Large Cap | 73.0% | 32.4% |
| Mid Cap | 18.6% | 14.4% |
| Small Cap | 7.0% | 22.9% |
| Not on AMFI's list | 0.0% | 4.7% |
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 | ITI Balanced Advantage |
|---|---|---|
| Banks | 21.2% | 17.2% |
| Pharmaceuticals & Biotechnology | 7.1% | 8.4% |
| IT - Software | 6.1% | 0.9% |
| Automobiles | 6.1% | 3.2% |
| Finance | 5.0% | 4.7% |
| Petroleum Products | 4.9% | 4.3% |
| Chemicals & Petrochemicals | 2.0% | 3.6% |
The six largest sectors of each fund's stocks, % of the fund.
Groww ELSS Tax Saver vs ITI Balanced Advantage: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww ELSS Tax Saver Fund | ITI Balanced Advantage Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | 1.59% |
| Base expense ratio (Direct) | 0.83% | 0.64% |
| Total expense ratio (Regular) | 2.92% | 3.24% |
| Base expense ratio (Regular) | 2.08% | 2.10% |
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 ITI Balanced Advantage with
Groww ELSS Tax Saver Fund vs ITI Balanced Advantage Fund: Frequently Asked Questions
What is the difference between Groww ELSS Tax Saver Fund and ITI Balanced Advantage Fund?
Groww ELSS Tax Saver Fund is an ELSS fund, ITI Balanced Advantage Fund is a Balanced Advantage fund, run by Groww Mutual Fund and ITI Mutual Fund. Their portfolios overlap 30.5%. Groww ELSS Tax Saver Fund charges 1.52% a year and ITI Balanced Advantage Fund 1.59%.
Which has given higher returns, Groww ELSS Tax Saver Fund or ITI Balanced Advantage Fund?
Over 1 year: Groww ELSS Tax Saver Fund −9.41%, ITI Balanced Advantage Fund −6.88%. Over 3 years: Groww ELSS Tax Saver Fund +9.02% a year, ITI Balanced Advantage Fund +7.67% a year. Over 5 years: Groww ELSS Tax Saver Fund +7.69% a year, ITI Balanced Advantage Fund +6.17% 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 ITI Balanced Advantage Fund?
Groww ELSS Tax Saver Fund charges less: 1.52% a year against 1.59%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww ELSS Tax Saver Fund and ITI Balanced Advantage Fund overlap?
30.5%. They hold 23 of the same securities, the largest shared ones being HDFCBANK, RELIANCE, ICICIBANK. From each fund's latest monthly portfolio.
Which is riskier, Groww ELSS Tax Saver Fund or ITI Balanced Advantage Fund?
On SEBI's riskometer, Groww ELSS Tax Saver Fund is rated Very High and ITI Balanced Advantage Fund Very High. Over 3 years, the standard deviation of daily returns was 14.34% and 9.32% a year.
Which is better for SIP, Groww ELSS Tax Saver Fund or ITI Balanced Advantage Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,14,497 in Groww ELSS Tax Saver Fund (XIRR 6.2% a year) and ₹7,00,774 in ITI Balanced Advantage Fund (XIRR 5.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Groww ELSS Tax Saver Fund and ITI Balanced Advantage Fund?
Yes. 30.5% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww ELSS Tax Saver Fund and ITI Balanced Advantage Fund?
Groww ELSS Tax Saver Fund: Paras Matalia, Nikhil Satam. ITI Balanced Advantage Fund: Nilay Dalal, Animesh Singh.
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.