Groww ELSS Tax Saver Fund vs Tata Retirement Savings Fund Progressive
Direct Plan, Growth option · Data as on 30-10-2026
Groww ELSS Tax Saver Fund is an ELSS fund and Tata Retirement Savings Fund Progressive is a Solution fund. In the 3 years to 30-10-2026, Groww ELSS Tax Saver Fund (Direct) returned 9.0% a year and Tata Retirement Savings Fund Progressive (Direct) returned 11.5% a year. Groww ELSS Tax Saver Fund charges 1.52% a year and Tata Retirement Savings Fund Progressive 0.83% (Direct plans). Their portfolios overlap 28.6%: 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
Tata Retirement Savings Fund Progressive
Solution
- 3 year return
- 11.5%
- Expense ratio
- 0.83%
- NAV
- ₹78.90
Which is better, Groww ELSS Tax Saver or Tata Retirement Savings Fund Progressive? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata Retirement Savings Fund Progressive returned more over 5 years: 9.3% a year against 7.7%.
- Tata Retirement Savings Fund Progressive returned more over 3 years: 11.5% a year against 9.0%.
- Tata Retirement Savings Fund Progressive costs less: 0.83% a year against 1.52% (Direct plans).
- Groww ELSS Tax Saver swung less over 3 years: a standard deviation of 14.3% a year against 14.5%.
- Tata Retirement Savings Fund Progressive fell less in its worst fall since 29-12-2017: −34.2% against −34.6%.
- Groww ELSS Tax Saver holds more in large companies: 73.0% of the fund in large caps against 50.7%.
- Tata Retirement Savings Fund Progressive is the larger fund: ₹2,104 Cr against ₹48 Cr.
- Their portfolios overlap 28.6%: 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 | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Fund house | Groww Mutual Fund | Tata Mutual Fund |
| Category | ELSS | Solution |
| AUM | ₹48 Cr (30-09-2026) | ₹2,104 Cr (30-09-2026) |
| NAV | ₹20.99 (Direct) | ₹78.90 (Direct) |
| Expense ratio (Direct) | 1.52% | 0.83% |
| Expense ratio (Regular) | 2.92% | 2.20% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 28-12-2017 | 01-11-2011 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | 3 years | 5 years, or until retirement if earlier |
| Fund managers | Paras Matalia, Nikhil Satam | Murthy Nagarajan, Sonam Udasi |
| Exit load | Nil | A) If redeemed / switched-out on or after attainment of retirement age i.e. 60 years of age - Nil. B) In case of Auto switch-out of units on occurrence of “Auto-switch trigger event” - Nil. C) 1% -If redeemed before 61 months from the date of allotment. |
Groww ELSS Tax Saver vs Tata Retirement Savings Fund Progressive: 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% | -- |
| Tata Retirement Savings Fund Progressive (Direct) | −2.60% | −6.88% | −1.00% | −1.95% | +11.53% | +9.32% | +13.02% |
| 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 Tata Retirement Savings Fund Progressive: Year-wise Returns
| Year | Groww ELSS Tax SaverGroww ELSS Tax Saver | Tata Retirement Savings Fund ProgressiveTata Retirement Savings Fund Progressive |
|---|---|---|
| 2026to date | −8.58% | −1.40% |
| 2025 | +0.70% | +0.24% |
| 2024 | +20.19% | +23.49% |
| 2023 | +27.49% | +30.88% |
| 2022 | +4.57% | −2.43% |
| 2021 | +23.63% | +25.20% |
Groww ELSS Tax Saver vs Tata Retirement Savings Fund Progressive: 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)
Tata Retirement Savings Fund Progressive (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% |
| Tata Retirement Savings Fund Progressive | 0.0 | 0.0 | 3.4 | 32.5 | 55.9 | 8.1 | 0.1 | 15.9% | 16.3% | 6.5% | 25.9% | 34% |
| 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 Tata Retirement Savings Fund Progressive: 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% |
| Tata Retirement Savings Fund ProgressiveTata Retirement Savings Fund Progressive (Direct) | ₹10,70,000 | ₹18,53,061 | ₹7,83,061 | 11.9% |
Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct)
Tata Retirement Savings Fund ProgressiveTata Retirement Savings Fund Progressive (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 Tata Retirement Savings Fund Progressive: 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) | Tata Retirement Savings Fund Progressive (Direct) |
|---|---|---|
| Return (CAGR) | −9.41% | −1.95% |
| Standard deviation | 14.31% | 14.59% |
| Sharpe ratio | -1.02 | -0.49 |
| Sortino ratio | -1.37 | -0.66 |
| Maximum drawdown | −15.3% (30-03-2026) | −14.1% (31-03-2026) |
| Beta | 0.99 | 0.96 |
| Alpha | −1.89% | +4.89% |
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) | Tata Retirement Savings Fund Progressive (Direct) |
|---|---|---|
| Return (CAGR) | +9.02% | +11.53% |
| Standard deviation | 14.34% | 14.52% |
| Sharpe ratio | 0.21 | 0.38 |
| Sortino ratio | 0.28 | 0.51 |
| Maximum drawdown | −20.8% (07-04-2025) | −18.8% (03-03-2025) |
| Beta | 0.98 | 0.96 |
| Alpha | −0.79% | +1.47% |
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) | Tata Retirement Savings Fund Progressive (Direct) |
|---|---|---|
| Return (CAGR) | +7.69% | +9.32% |
| Standard deviation | 13.96% | 14.06% |
| Sharpe ratio | 0.14 | 0.25 |
| Sortino ratio | 0.18 | 0.33 |
| Maximum drawdown | −20.8% (07-04-2025) | −18.8% (03-03-2025) |
| Beta | 0.94 | 0.93 |
| Alpha | −0.79% | +0.71% |
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) | Tata Retirement Savings Fund Progressive (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | +14.40% |
| Standard deviation | 15.45% | 15.13% |
| Sharpe ratio | 0.22 | 0.55 |
| Sortino ratio | 0.29 | 0.75 |
| Maximum drawdown | −34.6% (23-03-2020) | −34.2% (23-03-2020) |
| Beta | 0.90 | 0.92 |
| Alpha | −1.85% | +2.18% |
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)
Tata Retirement Savings Fund Progressive (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% |
| Tata Retirement Savings Fund Progressive (Direct) | −34.2% | 12-02-2020 | 23-03-2020 | 08-10-2020 | 7 months | −9.2% |
| 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)
Tata Retirement Savings Fund Progressive (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)
Tata Retirement Savings Fund Progressive (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)
Tata Retirement Savings Fund Progressive (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% |
| Tata Retirement Savings Fund Progressive (Direct) | 91% | 87% | 5.53% |
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 Tata Retirement Savings Fund Progressive: Portfolio Overlap
From each fund's latest monthly portfolio: Groww ELSS Tax Saver Fund, September 2026; Tata Retirement Savings Fund Progressive, September 2026
Holdings in common
- Overlap
- 28.6%
- Held by both
- 23
- Only in Groww ELSS Tax Saver
- 76
- Only in Tata Retirement Savings Fund Progressive
- 29
| Security | % of Groww ELSS Tax Saver | % of Tata Retirement Savings Fund Progressive |
|---|---|---|
| ICICI Bank Limited | 5.98% | 4.97% |
| Reliance Industries Limited | 4.92% | 3.66% |
| Kotak Mahindra Bank Limited | 1.98% | 2.28% |
| Titan Company Limited | 1.57% | 1.96% |
| Eternal Limited | 1.41% | 4.11% |
| Sun Pharmaceutical Industries Limited | 1.30% | 2.02% |
| BSE Ltd | 1.24% | 1.85% |
| Multi Commodity Exchange of India Ltd. | 1.24% | 3.81% |
| Adani Port & Special Economic Zone Ltd | 1.22% | 2.46% |
| One 97 Communications Limited | 1.17% | 2.01% |
| Shriram Finance Limited | 1.23% | 1.01% |
| Tata Consultancy Services Limited | 1.28% | 0.88% |
| Tata Consumer Products Limited | 0.88% | 1.73% |
| Grasim Industries Limited | 0.86% | 1.31% |
| Maruti Suzuki India Limited | 0.76% | 0.92% |
| Solar Industries India Limited | 0.69% | 5.39% |
| Adani Power Limited | 0.69% | 1.50% |
| Nestle India Limited | 0.67% | 1.68% |
| HCL Technologies Limited | 0.55% | 1.68% |
| Radico Khaitan Limited | 0.54% | 3.17% |
| Coal India Limited | 0.51% | 2.05% |
| Adani Energy Solutions Limited | 0.44% | 1.12% |
| Apollo Hospitals Enterprise Limited | 0.37% | 1.40% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 28.6% means 28.6% 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 |
|---|---|
| HDFC Bank Limited | 6.77% |
| Bharti Airtel Limited | 3.52% |
| Larsen & Toubro Limited | 2.72% |
| State Bank of India | 2.29% |
| Infosys Limited | 2.08% |
Largest holdings only in Tata Retirement Savings Fund Progressive
| Security | % of fund |
|---|---|
| 360 ONE WAM LTD | 2.25% |
| KARUR VYSYA BANK LTD | 2.14% |
| RAINBOW CHILDRENS MEDICARE LTD | 2.14% |
| EXIDE INDUSTRIES LTD | 2.12% |
| DIXON TECHNOLOGIES (INDIA) LTD | 2.02% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww ELSS Tax Saver | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Equity | 98.6% | 93.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | 6.5% |
Market cap of stocks
| Market cap | Groww ELSS Tax Saver | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Large Cap | 73.0% | 50.7% |
| Mid Cap | 18.6% | 21.2% |
| Small Cap | 7.0% | 19.9% |
| Not on AMFI's list | 0.0% | 1.8% |
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 | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Banks | 21.2% | 10.5% |
| Capital Markets | 2.5% | 11.6% |
| Pharmaceuticals & Biotechnology | 7.1% | 3.6% |
| IT - Software | 6.1% | 3.2% |
| Automobiles | 6.1% | 2.4% |
| Chemicals & Petrochemicals | 2.0% | 5.4% |
| Finance | 5.0% | 3.9% |
| Petroleum Products | 4.9% | 3.7% |
| Industrial Products | 0.0% | 4.9% |
| Beverages | 0.5% | 4.2% |
| Retailing | 3.6% | 4.1% |
The six largest sectors of each fund's stocks, % of the fund.
Groww ELSS Tax Saver vs Tata Retirement Savings Fund Progressive: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww ELSS Tax Saver Fund | Tata Retirement Savings Fund Progressive |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | 0.83% |
| Base expense ratio (Direct) | 0.83% | 0.57% |
| Total expense ratio (Regular) | 2.92% | 2.20% |
| Base expense ratio (Regular) | 2.08% | 1.75% |
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 Tata Retirement Savings Fund Progressive: Frequently Asked Questions
What is the difference between Groww ELSS Tax Saver Fund and Tata Retirement Savings Fund Progressive?
Groww ELSS Tax Saver Fund is an ELSS fund, Tata Retirement Savings Fund Progressive is a Solution fund, run by Groww Mutual Fund and Tata Mutual Fund. Their portfolios overlap 28.6%. Groww ELSS Tax Saver Fund charges 1.52% a year and Tata Retirement Savings Fund Progressive 0.83%.
Which has given higher returns, Groww ELSS Tax Saver Fund or Tata Retirement Savings Fund Progressive?
Over 1 year: Groww ELSS Tax Saver Fund −9.41%, Tata Retirement Savings Fund Progressive −1.95%. Over 3 years: Groww ELSS Tax Saver Fund +9.02% a year, Tata Retirement Savings Fund Progressive +11.53% a year. Over 5 years: Groww ELSS Tax Saver Fund +7.69% a year, Tata Retirement Savings Fund Progressive +9.32% 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 Tata Retirement Savings Fund Progressive?
Tata Retirement Savings Fund Progressive charges less: 0.83% 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 Tata Retirement Savings Fund Progressive overlap?
28.6%. They hold 23 of the same securities, the largest shared ones being ICICIBANK, RELIANCE, KOTAKBANK. From each fund's latest monthly portfolio.
Which is riskier, Groww ELSS Tax Saver Fund or Tata Retirement Savings Fund Progressive?
On SEBI's riskometer, Groww ELSS Tax Saver Fund is rated Very High and Tata Retirement Savings Fund Progressive Very High. Over 3 years, the standard deviation of daily returns was 14.34% and 14.52% a year.
Which is better for SIP, Groww ELSS Tax Saver Fund or Tata Retirement Savings Fund Progressive?
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 ₹7,75,237 in Tata Retirement Savings Fund Progressive (XIRR 9.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Groww ELSS Tax Saver Fund and Tata Retirement Savings Fund Progressive?
Yes. 28.6% 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 Tata Retirement Savings Fund Progressive?
Groww ELSS Tax Saver Fund: Paras Matalia, Nikhil Satam. Tata Retirement Savings Fund Progressive: Murthy Nagarajan, Sonam Udasi.
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.