Groww ELSS Tax Saver Fund vs TRUSTMF Flexi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww ELSS Tax Saver Fund is an ELSS fund and TRUSTMF Flexi Cap Fund is a Flexi Cap fund. In the year to 30-10-2026, Groww ELSS Tax Saver Fund (Direct) returned −9.4% and TRUSTMF Flexi Cap Fund (Direct) returned 3.6%. Groww ELSS Tax Saver Fund charges 1.52% a year and TRUSTMF Flexi Cap Fund 1.74% (Direct plans). Their portfolios overlap 38.0%: they hold 28 of the same securities.
Groww ELSS Tax Saver Fund
ELSS
- 1 year return
- −9.4%
- Expense ratio
- 1.52%
- NAV
- ₹20.99
TRUSTMF Flexi Cap Fund
Flexi Cap
- 1 year return
- 3.6%
- Expense ratio
- 1.74%
- NAV
- ₹12.34
Which is better, Groww ELSS Tax Saver or TRUSTMF Flexi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- TRUSTMF Flexi Cap returned more over 1 year: 3.6% against −9.4%.
- Groww ELSS Tax Saver costs less: 1.52% a year against 1.74% (Direct plans).
- TRUSTMF Flexi Cap fell less in its worst fall since 29-04-2024: −18.9% against −20.8%.
- Groww ELSS Tax Saver holds more in large companies: 73.0% of the fund in large caps against 48.2%.
- TRUSTMF Flexi Cap is the larger fund: ₹1,006 Cr against ₹48 Cr.
- Their portfolios overlap 38.0%: 28 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 | TRUSTMF Flexi Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Trust Mutual Fund |
| Category | ELSS | Flexi Cap |
| AUM | ₹48 Cr (30-09-2026) | ₹1,006 Cr (30-09-2026) |
| NAV | ₹20.99 (Direct) | ₹12.34 (Direct) |
| Expense ratio (Direct) | 1.52% | 1.74% |
| Expense ratio (Regular) | 2.92% | 3.19% |
| Riskometer | Very High | Very High |
| Benchmark | BSE 500 TRI | Nifty 500 TRI |
| Launch date | 28-12-2017 | 26-04-2024 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | 3 years | None |
| Fund managers | Paras Matalia, Nikhil Satam | Mihir Vora, Aakash Manghani |
| Exit load | Nil | 1% - If redeemed/switched out within 180 days from the date of allotment. Nil - if redeemed/switched out after 180 days from the date of allotment. |
Groww ELSS Tax Saver vs TRUSTMF Flexi Cap: 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% | -- |
| TRUSTMF Flexi Cap Fund (Direct) | −0.96% | −0.24% | +7.40% | +3.61% | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
| Flexi Cap average | −1.62% | −4.17% | +1.00% | −3.58% | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 46 Flexi Cap funds, same plan type.
Groww ELSS Tax Saver vs TRUSTMF Flexi Cap: Year-wise Returns
| Year | Groww ELSS Tax SaverGroww ELSS Tax Saver | TRUSTMF Flexi CapTRUSTMF Flexi Cap |
|---|---|---|
| 2026to date | −8.58% | +3.78% |
| 2025 | +0.70% | −2.46% |
| 2024 | +20.19% | -- |
| 2023 | +27.49% | -- |
| 2022 | +4.57% | -- |
| 2021 | +23.63% | -- |
Groww ELSS Tax Saver vs TRUSTMF Flexi Cap: 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, 372 of them, one for each trading day from 29-04-2025 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)
TRUSTMF Flexi Cap Fund (Direct)
BSE 500 TRI
to
Jun 2025Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
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 | 50.3 | 33.1 | 11.6 | 5.1 | 0.0 | 0.0 | 0.0 | 0.0% | −0.1% | −12.0% | 14.4% | 9% |
| TRUSTMF Flexi Cap | 18.3 | 37.1 | 28.8 | 15.3 | 0.5 | 0.0 | 0.0 | 4.5% | 4.3% | −6.0% | 17.7% | 66% |
| BSE 500 TRI | 30.9 | 32.0 | 29.3 | 6.7 | 1.1 | 0.0 | 0.0 | 3.1% | 2.8% | −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 29-04-2024. Past returns do not promise future returns.
Groww ELSS Tax Saver vs TRUSTMF Flexi Cap: 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 01-04-2024 to 30-10-2026: 31 instalments, ₹3,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct) | ₹3,10,000 | ₹2,97,647 | −₹12,353 | −3.0% |
| TRUSTMF Flexi CapTRUSTMF Flexi Cap Fund (Direct) | ₹3,10,000 | ₹3,34,303 | ₹24,303 | 5.8% |
Groww ELSS Tax SaverGroww ELSS Tax Saver Fund (Direct)
TRUSTMF Flexi CapTRUSTMF Flexi Cap 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 TRUSTMF Flexi Cap: 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) | TRUSTMF Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.41% | +3.61% |
| Standard deviation | 14.31% | 14.62% |
| Sharpe ratio | -1.02 | -0.11 |
| Sortino ratio | -1.37 | -0.15 |
| Maximum drawdown | −15.3% (30-03-2026) | −13.8% (30-03-2026) |
| Beta | 0.99 | 0.95 |
| Alpha | −1.89% | +10.38% |
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) | TRUSTMF Flexi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | +8.68% |
| Standard deviation | 15.45% | 15.77% |
| Sharpe ratio | 0.22 | 0.18 |
| Sortino ratio | 0.29 | 0.24 |
| Maximum drawdown | −34.6% (23-03-2020) | −18.9% (07-04-2025) |
| Beta | 0.90 | 1.01 |
| Alpha | −1.85% | +5.95% |
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)
TRUSTMF Flexi Cap 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) | −20.8% | 23-09-2024 | 07-04-2025 | Not yet | -- | −13.5% |
| TRUSTMF Flexi Cap Fund (Direct) | −18.9% | 16-12-2024 | 07-04-2025 | 31-07-2026 | 16 months | −5.8% |
| BSE 500 TRI | −18.7% | 26-09-2024 | 28-02-2025 | Not yet | -- | −9.4% |
From daily values since 29-04-2024, 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)
TRUSTMF Flexi Cap Fund (Direct)
BSE 500 TRI
Against BSE 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Groww ELSS Tax Saver Fund (Direct) | 92% | 100% | 5.00% |
| TRUSTMF Flexi Cap Fund (Direct) | 106% | 74% | 6.97% |
From month-end values since 29-04-2024. 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 TRUSTMF Flexi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww ELSS Tax Saver Fund, September 2026; TRUSTMF Flexi Cap Fund, September 2026
Holdings in common
- Overlap
- 38.0%
- Held by both
- 28
- Only in Groww ELSS Tax Saver
- 71
- Only in TRUSTMF Flexi Cap
- 31
| Security | % of Groww ELSS Tax Saver | % of TRUSTMF Flexi Cap |
|---|---|---|
| ICICI Bank Limited | 5.98% | 6.17% |
| Bharti Airtel Limited | 3.52% | 3.56% |
| Larsen & Toubro Limited | 2.72% | 2.24% |
| State Bank of India | 2.29% | 2.03% |
| Kotak Mahindra Bank Limited | 1.98% | 3.10% |
| Axis Bank Limited | 1.86% | 1.98% |
| Bajaj Finance Limited | 1.78% | 2.44% |
| Titan Company Limited | 1.57% | 3.27% |
| HDFC Bank Limited | 6.77% | 1.52% |
| Eternal Limited | 1.41% | 3.53% |
| Laurus Labs Limited | 1.63% | 1.35% |
| Multi Commodity Exchange of India Ltd. | 1.24% | 1.98% |
| Shriram Finance Limited | 1.23% | 2.18% |
| TVS Motor Company Limited | 1.03% | 1.03% |
| One 97 Communications Limited | 1.17% | 1.02% |
| Mahindra & Mahindra Limited | 1.75% | 1.00% |
| The Federal Bank Limited | 0.90% | 1.22% |
| Navin Fluorine International Limited | 0.88% | 1.15% |
| Divi's Laboratories Limited | 0.87% | 0.97% |
| Tata Motors Limited | 0.68% | 0.99% |
| Bharat Electronics Limited | 0.63% | 1.40% |
| Radico Khaitan Limited | 0.54% | 1.25% |
| Lenskart Solutions Limited | 0.53% | 2.37% |
| Coal India Limited | 0.51% | 1.72% |
| Hindustan Zinc Limited | 0.46% | 1.70% |
| Aurobindo Pharma Limited | 0.44% | 1.54% |
| Hindustan Aeronautics Limited | 0.40% | 1.41% |
| Apollo Hospitals Enterprise Limited | 0.37% | 1.60% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 38.0% means 38.0% 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 |
|---|---|
| Reliance Industries Limited | 4.92% |
| Infosys Limited | 2.08% |
| ITC Limited | 1.36% |
| Sun Pharmaceutical Industries Limited | 1.30% |
| Tata Consultancy Services Limited | 1.28% |
Largest holdings only in TRUSTMF Flexi Cap Fund
| Security | % of fund |
|---|---|
| Dixon Technologies (India) Limited | 2.28% |
| Milky Mist Dairy Food Limited | 2.27% |
| Augmont Enterprises Limited | 1.71% |
| Samvardhana Motherson International Limited | 1.68% |
| Muthoot Finance Limited | 1.68% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww ELSS Tax Saver | TRUSTMF Flexi Cap |
|---|---|---|
| Equity | 98.6% | 92.3% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | 7.7% |
Market cap of stocks
| Market cap | Groww ELSS Tax Saver | TRUSTMF Flexi Cap |
|---|---|---|
| Large Cap | 73.0% | 48.2% |
| Mid Cap | 18.6% | 19.7% |
| Small Cap | 7.0% | 19.1% |
| Not on AMFI's list | 0.0% | 5.3% |
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 | TRUSTMF Flexi Cap |
|---|---|---|
| Banks | 21.2% | 17.3% |
| Consumer Durables | 2.3% | 9.3% |
| Aerospace & Defense | 1.0% | 8.0% |
| Pharmaceuticals & Biotechnology | 7.1% | 5.6% |
| Retailing | 3.6% | 6.9% |
| Finance | 5.0% | 6.3% |
| IT - Software | 6.1% | 0.0% |
| Automobiles | 6.1% | 2.0% |
| Non - Ferrous Metals | 1.1% | 5.6% |
| Petroleum Products | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww ELSS Tax Saver vs TRUSTMF Flexi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww ELSS Tax Saver Fund | TRUSTMF Flexi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | 1.74% |
| Base expense ratio (Direct) | 0.83% | 0.64% |
| Total expense ratio (Regular) | 2.92% | 3.19% |
| Base expense ratio (Regular) | 2.08% | 1.91% |
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 TRUSTMF Flexi Cap Fund: Frequently Asked Questions
What is the difference between Groww ELSS Tax Saver Fund and TRUSTMF Flexi Cap Fund?
Groww ELSS Tax Saver Fund is an ELSS fund, TRUSTMF Flexi Cap Fund is a Flexi Cap fund, run by Groww Mutual Fund and Trust Mutual Fund. Their portfolios overlap 38.0%. Groww ELSS Tax Saver Fund charges 1.52% a year and TRUSTMF Flexi Cap Fund 1.74%.
Which has given higher returns, Groww ELSS Tax Saver Fund or TRUSTMF Flexi Cap Fund?
Over 1 year: Groww ELSS Tax Saver Fund −9.41%, TRUSTMF Flexi Cap Fund +3.61%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww ELSS Tax Saver Fund or TRUSTMF Flexi Cap Fund?
Groww ELSS Tax Saver Fund charges less: 1.52% a year against 1.74%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww ELSS Tax Saver Fund and TRUSTMF Flexi Cap Fund overlap?
38.0%. They hold 28 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, LT. From each fund's latest monthly portfolio.
Which is riskier, Groww ELSS Tax Saver Fund or TRUSTMF Flexi Cap Fund?
On SEBI's riskometer, Groww ELSS Tax Saver Fund is rated Very High and TRUSTMF Flexi Cap Fund Very High. Over 1 years, the standard deviation of daily returns was 14.31% and 14.62% a year.
Can I invest in both Groww ELSS Tax Saver Fund and TRUSTMF Flexi Cap Fund?
Yes. 38.0% 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 TRUSTMF Flexi Cap Fund?
Groww ELSS Tax Saver Fund: Paras Matalia, Nikhil Satam. TRUSTMF Flexi Cap Fund: Mihir Vora, Aakash Manghani.
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.