Groww ELSS Tax Saver Fund vs Trustmf Large & Midcap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww ELSS Tax Saver Fund is an ELSS fund and Trustmf Large & Midcap Fund is a Large & Mid Cap fund. Groww ELSS Tax Saver Fund charges 1.52% a year and Trustmf Large & Midcap Fund 2.09% (Direct plans). Their portfolios overlap 37.0%: they hold 32 of the same securities.
Which is better, Groww ELSS Tax Saver or Trustmf Large & Midcap? 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 costs less: 1.52% a year against 2.09% (Direct plans).
- Groww ELSS Tax Saver fell less in its worst fall since 30-07-2026: −8.8% against −9.8%.
- Groww ELSS Tax Saver holds more in large companies: 73.0% of the fund in large caps against 38.5%.
- Trustmf Large & Midcap is the larger fund: ₹418 Cr against ₹48 Cr.
- Their portfolios overlap 37.0%: 32 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 Large & Midcap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Trust Mutual Fund |
| Category | ELSS | Large & Mid Cap |
| AUM | ₹48 Cr (30-09-2026) | ₹418 Cr (30-09-2026) |
| NAV | ₹20.99 (Direct) | ₹9.69 (Direct) |
| Expense ratio (Direct) | 1.52% | 2.09% |
| Expense ratio (Regular) | 2.92% | 4.00% |
| Riskometer | Very High | Not available |
| Benchmark | BSE 500 TRI | Not available |
| Launch date | 28-12-2017 | Not available |
| Minimum investment | ₹500 | Not available |
| Lock in | 3 years | Not available |
| Fund managers | Paras Matalia, Nikhil Satam | Not available |
| Exit load | Nil | Not available |
Groww ELSS Tax Saver vs Trustmf Large & Midcap: 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 Large & Midcap Fund (Direct) | −0.62% | −3.49% | -- | -- | -- | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | -- |
| Large & Mid Cap average | −1.78% | −5.20% | -- | -- | -- | -- | -- |
Category average: the average of the 50 ELSS funds and the 36 Large & Mid Cap funds, same plan type.
Groww ELSS Tax Saver vs Trustmf Large & Midcap: Year-wise Returns
| Year | Groww ELSS Tax SaverGroww ELSS Tax Saver | Trustmf Large & MidcapTrustmf Large & Midcap |
|---|---|---|
| 2026to date | −8.58% | -- |
| 2025 | +0.70% | -- |
| 2024 | +20.19% | -- |
| 2023 | +27.49% | -- |
| 2022 | +4.57% | -- |
| 2021 | +23.63% | -- |
Groww ELSS Tax Saver vs Trustmf Large & Midcap: Rolling Returns
Every holding period of both funds, against BSE 500 TRI, the benchmark of Groww ELSS Tax Saver Fund
Groww ELSS Tax Saver vs Trustmf Large & Midcap: 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 Large & Midcap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.71% | −13.14% |
| Standard deviation | 15.45% | 13.55% |
| Sharpe ratio | 0.22 | -1.36 |
| Sortino ratio | 0.29 | -1.65 |
| Maximum drawdown | −34.6% (23-03-2020) | −9.8% (23-10-2026) |
| Beta | 0.90 | 1.08 |
| Alpha | −1.85% | +13.85% |
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)
Trustmf Large & Midcap 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) | −8.8% | 03-08-2026 | 23-10-2026 | Not yet | -- | −6.2% |
| Trustmf Large & Midcap Fund (Direct) | −9.8% | 26-08-2026 | 23-10-2026 | Not yet | -- | −6.7% |
| BSE 500 TRI | −9.7% | 06-08-2026 | 23-10-2026 | Not yet | -- | −7.8% |
From daily values since 30-07-2026, the first day every fund has.
Groww ELSS Tax Saver vs Trustmf Large & Midcap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww ELSS Tax Saver Fund, September 2026; Trustmf Large & Midcap Fund, September 2026
Holdings in common
- Overlap
- 37.0%
- Held by both
- 32
- Only in Groww ELSS Tax Saver
- 67
- Only in Trustmf Large & Midcap
- 35
| Security | % of Groww ELSS Tax Saver | % of Trustmf Large & Midcap |
|---|---|---|
| ICICI Bank Limited | 5.98% | 5.44% |
| Bharti Airtel Limited | 3.52% | 3.02% |
| Kotak Mahindra Bank Limited | 1.98% | 2.55% |
| Axis Bank Limited | 1.86% | 1.89% |
| Bajaj Finance Limited | 1.78% | 1.88% |
| Larsen & Toubro Limited | 2.72% | 1.64% |
| Titan Company Limited | 1.57% | 2.59% |
| Laurus Labs Limited | 1.63% | 1.44% |
| Eternal Limited | 1.41% | 3.28% |
| Multi Commodity Exchange of India Ltd. | 1.24% | 2.11% |
| Shriram Finance Limited | 1.23% | 1.86% |
| FSN E-Commerce Ventures Limited | 1.05% | 1.34% |
| The Indian Hotels Company Limited | 0.95% | 1.25% |
| One 97 Communications Limited | 1.17% | 0.94% |
| The Federal Bank Limited | 0.90% | 1.37% |
| Navin Fluorine International Limited | 0.88% | 0.89% |
| State Bank of India | 2.29% | 0.86% |
| Marico Limited | 0.77% | 1.12% |
| Divi's Laboratories Limited | 0.87% | 0.75% |
| Ashok Leyland Limited | 0.79% | 0.74% |
| AU Small Finance Bank Limited | 0.73% | 1.15% |
| Tata Motors Limited | 0.68% | 0.90% |
| The Phoenix Mills Limited | 0.65% | 1.43% |
| Bharat Electronics Limited | 0.63% | 1.58% |
| Lodha Developers Limited | 0.59% | 0.77% |
| Radico Khaitan Limited | 0.54% | 1.87% |
| Lenskart Solutions Limited | 0.53% | 2.07% |
| Coal India Limited | 0.51% | 1.70% |
| Hindustan Zinc Limited | 0.46% | 1.52% |
| Aurobindo Pharma Limited | 0.44% | 2.13% |
| Hindustan Aeronautics Limited | 0.40% | 1.49% |
| Apollo Hospitals Enterprise Limited | 0.37% | 1.51% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 37.0% means 37.0% 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 |
|---|---|
| HDFC Bank Limited | 6.77% |
| Reliance Industries Limited | 4.92% |
| Infosys Limited | 2.08% |
| Mahindra & Mahindra Limited | 1.75% |
| ITC Limited | 1.36% |
Largest holdings only in Trustmf Large & Midcap Fund
| Security | % of fund |
|---|---|
| Dixon Technologies (India) Limited | 2.38% |
| Samvardhana Motherson International Limited | 1.67% |
| ITC Hotels Limited | 1.56% |
| Motilal Oswal Financial Services Limited | 1.52% |
| Kalyan Jewellers India Limited | 1.51% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww ELSS Tax Saver | Trustmf Large & Midcap |
|---|---|---|
| Equity | 98.6% | 92.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.4% | 7.9% |
Market cap of stocks
| Market cap | Groww ELSS Tax Saver | Trustmf Large & Midcap |
|---|---|---|
| Large Cap | 73.0% | 38.5% |
| Mid Cap | 18.6% | 37.4% |
| Small Cap | 7.0% | 13.6% |
| Not on AMFI's list | 0.0% | 2.6% |
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 Large & Midcap |
|---|---|---|
| Banks | 21.2% | 14.7% |
| Retailing | 3.6% | 8.8% |
| Pharmaceuticals & Biotechnology | 7.1% | 8.1% |
| Consumer Durables | 2.3% | 7.3% |
| Finance | 5.0% | 6.6% |
| IT - Software | 6.1% | 0.0% |
| Automobiles | 6.1% | 0.0% |
| Aerospace & Defense | 1.0% | 5.7% |
| Petroleum Products | 4.9% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Groww ELSS Tax Saver vs Trustmf Large & Midcap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww ELSS Tax Saver Fund | Trustmf Large & Midcap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.52% | 2.09% |
| Base expense ratio (Direct) | 0.83% | 0.48% |
| Total expense ratio (Regular) | 2.92% | 4.00% |
| 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
Groww ELSS Tax Saver Fund vs Trustmf Large & Midcap Fund: Frequently Asked Questions
What is the difference between Groww ELSS Tax Saver Fund and Trustmf Large & Midcap Fund?
Groww ELSS Tax Saver Fund is an ELSS fund, Trustmf Large & Midcap Fund is a Large & Mid Cap fund, run by Groww Mutual Fund and Trust Mutual Fund. Their portfolios overlap 37.0%. Groww ELSS Tax Saver Fund charges 1.52% a year and Trustmf Large & Midcap Fund 2.09%.
Which has the lower expense ratio, Groww ELSS Tax Saver Fund or Trustmf Large & Midcap Fund?
Groww ELSS Tax Saver Fund charges less: 1.52% a year against 2.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww ELSS Tax Saver Fund and Trustmf Large & Midcap Fund overlap?
37.0%. They hold 32 of the same securities, the largest shared ones being ICICIBANK, BHARTIARTL, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both Groww ELSS Tax Saver Fund and Trustmf Large & Midcap Fund?
Yes. 37.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
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.