Groww ELSS Tax Saver Fund vs Kotak Equity Savings Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww ELSS Tax Saver Fund is an ELSS fund and Kotak Equity Savings Fund is an Equity Savings fund. In the 3 years to 30-10-2026, Groww ELSS Tax Saver Fund (Direct) returned 9.0% a year and Kotak Equity Savings Fund (Direct) returned 9.4% a year. Groww ELSS Tax Saver Fund charges 1.52% a year and Kotak Equity Savings Fund 1.09% (Direct plans). Their portfolios overlap 32.4%: they hold 46 of the same securities.
Groww ELSS Tax Saver Fund
ELSS
- 3 year return
- 9.0%
- Expense ratio
- 1.52%
- NAV
- ₹20.99
Kotak Equity Savings Fund
Equity Savings
- 3 year return
- 9.4%
- Expense ratio
- 1.09%
- NAV
- ₹29.94
Which is better, Groww ELSS Tax Saver or Kotak Equity Savings? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Equity Savings returned more over 5 years: 9.1% a year against 7.7%.
- Kotak Equity Savings returned more over 3 years: 9.4% a year against 9.0%.
- Kotak Equity Savings costs less: 1.09% a year against 1.52% (Direct plans).
- Kotak Equity Savings swung less over 3 years: a standard deviation of 5.7% a year against 14.3%.
- Kotak Equity Savings fell less in its worst fall since 29-12-2017: −16.5% against −34.6%.
- Groww ELSS Tax Saver holds more in large companies: 73.0% of the fund in large caps against 42.8%.
- Kotak Equity Savings is the larger fund: ₹10,443 Cr against ₹48 Cr.
- Their portfolios overlap 32.4%: 46 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 | Kotak Equity Savings Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | ELSS | Equity Savings |
| AUM | ₹48 Cr (30-09-2026) | ₹10,443 Cr (30-09-2026) |
| NAV | ₹20.99 (Direct) | ₹29.94 (Direct) |
| Expense ratio (Direct) | 1.52% | 1.09% |
| Expense ratio (Regular) | 2.92% | 2.13% |
| Riskometer | Very High | Moderately High |
| Benchmark | BSE 500 TRI | NIFTY Equity Savings Index (TRI) |
| Launch date | 28-12-2017 | 13-10-2014 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | 3 years | None |
| Fund managers | Paras Matalia, Nikhil Satam | Devender Singhal, Abhishek Bisen, Hiten Shah |
| Exit load | Nil | Exit load for units in excess of 8% of the investment,1% will be charged for redemption within 90 days. |
Groww ELSS Tax Saver vs Kotak Equity Savings: 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% | -- |
| Kotak Equity Savings Fund (Direct) | −1.35% | −2.08% | −0.15% | +0.58% | +9.45% | +9.14% | +9.65% |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
| Equity Savings average | −0.02% | −0.68% | +1.71% | +2.12% | +8.55% | +7.55% | +8.43% |
Category average: the average of the 50 ELSS funds and the 23 Equity Savings funds, same plan type.
Groww ELSS Tax Saver vs Kotak Equity Savings: Year-wise Returns
| Year | Groww ELSS Tax SaverGroww ELSS Tax Saver | Kotak Equity SavingsKotak Equity Savings |
|---|---|---|
| 2026to date | −8.58% | −0.57% |
| 2025 | +0.70% | +9.12% |
| 2024 | +20.19% | +12.97% |
| 2023 | +27.49% | +16.89% |
| 2022 | +4.57% | +7.90% |
| 2021 | +23.63% | +12.17% |
Groww ELSS Tax Saver vs Kotak Equity Savings: 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, 1,438 of them, one for each trading day from 29-12-2020 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)
Kotak Equity Savings Fund (Direct)
BSE 500 TRI
to
Jun 2021Jun 2019
to
Jun 2022Jun 2020
to
Jun 2023Jun 2021
to
Jun 2024Jun 2022
to
Jun 2025May 2023
to
May 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 | 1.7 | 9.5 | 36.5 | 43.3 | 8.6 | 0.3 | 14.9% | 15.3% | 1.9% | 26.7% | 11% |
| Kotak Equity Savings | 0.0 | 0.0 | 17.2 | 82.4 | 0.3 | 0.0 | 0.0 | 11.6% | 11.6% | 7.7% | 16.7% | 2% |
| BSE 500 TRI | 0.0 | 0.0 | 3.3 | 25.7 | 45.7 | 19.1 | 6.1 | 17.5% | 17.1% | 6.3% | 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 29-12-2017. Past returns do not promise future returns.
Groww ELSS Tax Saver vs Kotak Equity Savings: 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 29-12-2017 to 30-10-2026: 107 instalments, ₹10,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct) | ₹10,70,000 | ₹16,80,481 | ₹6,10,481 | 9.9% |
| Kotak Equity SavingsKotak Equity Savings Fund (Direct) | ₹10,70,000 | ₹16,63,077 | ₹5,93,077 | 9.6% |
Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct)
Kotak Equity SavingsKotak Equity Savings 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 Kotak Equity Savings: 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) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.41% | +0.58% |
| Standard deviation | 14.31% | 5.72% |
| Sharpe ratio | -1.02 | -0.81 |
| Sortino ratio | -1.37 | -1.05 |
| Maximum drawdown | −15.3% (30-03-2026) | −5.2% (30-03-2026) |
| 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) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.02% | +9.45% |
| Standard deviation | 14.34% | 5.66% |
| Sharpe ratio | 0.21 | 0.60 |
| Sortino ratio | 0.28 | 0.82 |
| Maximum drawdown | −20.8% (07-04-2025) | −6.0% (28-02-2025) |
| 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) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.69% | +9.14% |
| Standard deviation | 13.96% | 5.15% |
| Sharpe ratio | 0.14 | 0.65 |
| Sortino ratio | 0.18 | 0.88 |
| Maximum drawdown | −20.8% (07-04-2025) | −6.0% (28-02-2025) |
| 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) | Kotak Equity Savings Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | +9.53% |
| Standard deviation | 15.45% | 5.60% |
| Sharpe ratio | 0.22 | 0.68 |
| Sortino ratio | 0.29 | 0.92 |
| Maximum drawdown | −34.6% (23-03-2020) | −16.5% (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)
Kotak Equity Savings 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) | −34.6% | 29-01-2018 | 23-03-2020 | 13-11-2020 | 8 months | −13.5% |
| Kotak Equity Savings Fund (Direct) | −16.5% | 19-02-2020 | 23-03-2020 | 21-07-2020 | 4 months | −3.0% |
| BSE 500 TRI | −38.1% | 17-01-2020 | 23-03-2020 | 06-11-2020 | 7 months | −9.4% |
From daily values since 29-12-2017, 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)
Kotak Equity Savings 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)
Kotak Equity Savings 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)
Kotak Equity Savings Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww ELSS Tax Saver Fund (Direct) | 92% | 100% | 4.14% |
| Kotak Equity Savings Fund (Direct) | 44% | 22% | 11.64% |
From month-end values since 29-12-2017. 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 Kotak Equity Savings: Portfolio Overlap
From each fund's latest monthly portfolio: Groww ELSS Tax Saver Fund, September 2026; Kotak Equity Savings Fund, September 2026
Holdings in common
- Overlap
- 32.4%
- Held by both
- 46
- Only in Groww ELSS Tax Saver
- 53
- Only in Kotak Equity Savings
- 114
| Security | % of Groww ELSS Tax Saver | % of Kotak Equity Savings |
|---|---|---|
| HDFC Bank Limited | 6.77% | 4.38% |
| Bharti Airtel Limited | 3.52% | 4.93% |
| State Bank of India | 2.29% | 2.77% |
| ICICI Bank Limited | 5.98% | 2.19% |
| Reliance Industries Limited | 4.92% | 2.02% |
| ITC Limited | 1.36% | 1.87% |
| Axis Bank Limited | 1.86% | 1.26% |
| Adani Port & Special Economic Zone Ltd | 1.22% | 2.47% |
| One 97 Communications Limited | 1.17% | 3.60% |
| Eternal Limited | 1.41% | 1.13% |
| Larsen & Toubro Limited | 2.72% | 1.12% |
| Hindustan Unilever Limited | 0.93% | 1.25% |
| NTPC Limited | 0.88% | 2.24% |
| Maruti Suzuki India Limited | 0.76% | 2.94% |
| IndusInd Bank Limited | 0.72% | 1.42% |
| Bajaj Finance Limited | 1.78% | 0.63% |
| Hero MotoCorp Limited | 0.62% | 2.23% |
| Radico Khaitan Limited | 0.54% | 2.37% |
| Sun Pharmaceutical Industries Limited | 1.30% | 0.53% |
| Mahindra & Mahindra Limited | 1.75% | 0.52% |
| Emmvee Photovoltaic Power Limited | 0.50% | 1.38% |
| JSW Steel Limited | 0.62% | 0.47% |
| Oracle Financial Services Software | 0.47% | 0.81% |
| Hindustan Zinc Limited | 0.46% | 0.82% |
| Indus Towers Limited | 0.45% | 3.38% |
| Hindustan Aeronautics Limited | 0.40% | 0.91% |
| Hindalco Industries Limited | 0.68% | 0.22% |
| Apollo Hospitals Enterprise Limited | 0.37% | 0.20% |
| Aurobindo Pharma Limited | 0.44% | 0.17% |
| BSE Ltd | 1.24% | 0.16% |
| Bharat Electronics Limited | 0.63% | 0.16% |
| UltraTech Cement Limited | 1.06% | 0.15% |
| Bajaj Finserv Limited | 0.43% | 0.15% |
| The Phoenix Mills Limited | 0.65% | 0.12% |
| TVS Motor Company Limited | 1.03% | 0.10% |
| Adani Enterprises Limited | 0.49% | 0.08% |
| Fortis Healthcare Limited | 0.48% | 0.07% |
| Bajaj Auto Limited | 1.23% | 0.05% |
| The Indian Hotels Company Limited | 0.95% | 0.05% |
| Tata Consultancy Services Limited | 1.28% | 0.04% |
| Shriram Finance Limited | 1.23% | 0.02% |
| Jio Financial Services Limited | 0.48% | 0.02% |
| Nestle India Limited | 0.67% | 0.01% |
| Trent Limited | 0.66% | 0.01% |
| Power Grid Corporation of India Limited | 0.50% | 0.01% |
| Pidilite Industries Limited | 0.46% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.4% means 32.4% 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 |
|---|---|
| Infosys Limited | 2.08% |
| Kotak Mahindra Bank Limited | 1.98% |
| Laurus Labs Limited | 1.63% |
| Titan Company Limited | 1.57% |
| Multi Commodity Exchange of India Ltd. | 1.24% |
Largest holdings only in Kotak Equity Savings Fund
| Security | % of fund |
|---|---|
| Kotak Liquid Direct Growth | 7.59% |
| CUBE HIGHWAYS TRUST | 1.79% |
| POONAWALLA FINCORP LIMITED | 1.39% |
| INDUS INFRA TRUST | 1.33% |
| BANK OF BARODA | 1.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww ELSS Tax Saver | Kotak Equity Savings |
|---|---|---|
| Equity | 98.6% | 64.3% |
| Debt | 0.0% | 16.4% |
| Cash and others | 1.4% | 19.3% |
Market cap of stocks
| Market cap | Groww ELSS Tax Saver | Kotak Equity Savings |
|---|---|---|
| Large Cap | 73.0% | 42.8% |
| Mid Cap | 18.6% | 17.0% |
| Small Cap | 7.0% | 3.9% |
| Not on AMFI's list | 0.0% | 0.7% |
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 | Kotak Equity Savings |
|---|---|---|
| Banks | 21.2% | 13.3% |
| Telecom - Services | 4.0% | 8.9% |
| Pharmaceuticals & Biotechnology | 7.1% | 0.0% |
| IT - Software | 6.1% | 1.4% |
| Automobiles | 6.1% | 5.8% |
| Finance | 5.0% | 4.0% |
| Petroleum Products | 4.9% | 2.0% |
| Financial Technology (Fintech) | 1.2% | 3.6% |
| Power | 3.3% | 3.5% |
The six largest sectors of each fund's stocks, % of the fund.
Groww ELSS Tax Saver vs Kotak Equity Savings: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww ELSS Tax Saver Fund | Kotak Equity Savings Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | 1.09% |
| Base expense ratio (Direct) | 0.83% | 0.57% |
| Total expense ratio (Regular) | 2.92% | 2.13% |
| Base expense ratio (Regular) | 2.08% | 1.45% |
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
Groww ELSS Tax Saver Fund vs Kotak Equity Savings Fund: Frequently Asked Questions
What is the difference between Groww ELSS Tax Saver Fund and Kotak Equity Savings Fund?
Groww ELSS Tax Saver Fund is an ELSS fund, Kotak Equity Savings Fund is an Equity Savings fund, run by Groww Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 32.4%. Groww ELSS Tax Saver Fund charges 1.52% a year and Kotak Equity Savings Fund 1.09%.
Which has given higher returns, Groww ELSS Tax Saver Fund or Kotak Equity Savings Fund?
Over 1 year: Groww ELSS Tax Saver Fund −9.41%, Kotak Equity Savings Fund +0.58%. Over 3 years: Groww ELSS Tax Saver Fund +9.02% a year, Kotak Equity Savings Fund +9.45% a year. Over 5 years: Groww ELSS Tax Saver Fund +7.69% a year, Kotak Equity Savings Fund +9.14% 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 Kotak Equity Savings Fund?
Kotak Equity Savings Fund charges less: 1.09% 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 Kotak Equity Savings Fund overlap?
32.4%. They hold 46 of the same securities, the largest shared ones being HDFCBANK, BHARTIARTL, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Groww ELSS Tax Saver Fund or Kotak Equity Savings Fund?
On SEBI's riskometer, Groww ELSS Tax Saver Fund is rated Very High and Kotak Equity Savings Fund Moderately High. Over 3 years, the standard deviation of daily returns was 14.34% and 5.66% a year.
Which is better for SIP, Groww ELSS Tax Saver Fund or Kotak Equity Savings 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 ₹7,54,250 in Kotak Equity Savings Fund (XIRR 8.3% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Groww ELSS Tax Saver Fund and Kotak Equity Savings Fund?
Yes. 32.4% 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 Kotak Equity Savings Fund?
Groww ELSS Tax Saver Fund: Paras Matalia, Nikhil Satam. Kotak Equity Savings Fund: Devender Singhal, Abhishek Bisen, Hiten Shah.
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.