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ELSS (tax saving) · Groww Mutual Fund · AMFI code 141807Groww ELSS Tax Saver Fund
Disclosed for 42 months, Mar 2023 to Aug 2026.
Portfolio value
₹38.1 Cr
up ₹62 L vs May 2023
- Stocks held
- 43
- up 7 vs May 2023
- Top 10 weight
- 50.0%
- of the portfolio in its ten largest
- Cash & debt
- 1.1%
- cash, money market and debt
- Moves this month
- 11 in · 4 out
Groww ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Groww Mutual Fund. In June 2023 it disclosed 43 stocks worth ₹38.1 Cr, up ₹62 L from May 2023. Its largest positions were ICICI Bank Limited (8.9%), HDFC Bank Limited (6.3%), Reliance Industries Limited (5.1%); the ten largest together made up 50.0% of the portfolio, and Banks was the biggest sector at 24.0% of its equity. Cash and debt stood at 1.1%. Compared with May 2023 the fund entered 11 new stocks and exited 4.
Against 46 other ELSS (tax saving) funds
Concentration
85%
Top-10 weight is higher than 85% of peers
Breadth
39%
Holds more stocks than 39% of peers
Cash
9%
Holds more cash than 9% of peers
What these mean: concentration · cash
Holdings in June 2023
Download CSVEvery line the fund disclosed, with the change against May 2023. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| ICICI Bank Limited | 8.94% | up 1.10 pts | ₹3.4 Cr | up ₹47 L | Added |
| HDFC Bank Limited | 6.34% | down 1.32 pts | ₹2.4 Cr | down ₹46 L | Trimmed |
| Reliance Industries Limited | 5.08% | down 1.80 pts | ₹1.9 Cr | down ₹64 L | Trimmed |
| Larsen & Toubro Limited | 5.07% | up 1.06 pts | ₹1.9 Cr | up ₹43 L | Added |
| Axis Bank Limited | 4.40% | up 0.26 pts | ₹1.7 Cr | up ₹12 L | Added |
| UltraTech Cement Limited | 4.07% | up 0.48 pts | ₹1.6 Cr | up ₹20 L | Added |
| Bajaj Finance Limited | 4.04% | up 1.18 pts | ₹1.5 Cr | up ₹47 L | Added |
| ITC Limited | 4.04% | down 0.33 pts | ₹1.5 Cr | down ₹10 L | Trimmed |
| Infosys Limited | 4.03% | down 0.01 pts | ₹1.5 Cr | up ₹2 L | Added |
| Bharti Airtel Limited | 3.99% | up 2.02 pts | ₹1.5 Cr | up ₹78 L | Added |
| Tata Motors Limited | 3.06% | up 0.71 pts | ₹1.2 Cr | up ₹28 L | Added |
| State Bank of India | 3.02% | down 0.16 pts | ₹1.2 Cr | down ₹4 L | Trimmed |
| Tata Consultancy Services Limited | 3.02% | up 1.70 pts | ₹1.2 Cr | up ₹66 L | Added |
| Cummins India Limited | 2.70% | up 1.01 pts | ₹1 Cr | up ₹40 L | Added |
| Maruti Suzuki India Limited | 2.31% | up 0.06 pts | ₹88 L | up ₹4 L | Added |
| Housing Development Finance Corporation Limited | 2.22% | up 0.11 pts | ₹85 L | up ₹5 L | Added |
| Cholamandalam Investment and Finance Company Limited | 2.13% | up 2.13 pts | ₹81 L | up ₹81 L | New |
| Mahindra & Mahindra Limited | 2.03% | up 2.03 pts | ₹78 L | up ₹78 L | New |
| Titan Company Limited | 1.80% | up 0.10 pts | ₹69 L | up ₹5 L | Added |
| Britannia Industries Limited | 1.71% | up 0.10 pts | ₹65 L | up ₹5 L | Added |
| Power Finance Corporation Limited | 1.58% | up 1.58 pts | ₹60 L | up ₹60 L | New |
| Sun Pharmaceutical Industries Limited | 1.55% | up 1.03 pts | ₹59 L | up ₹40 L | Added |
| InterGlobe Aviation Limited | 1.53% | up 1.53 pts | ₹58 L | up ₹58 L | New |
| Nestle India Limited | 1.53% | up 1.53 pts | ₹58 L | up ₹58 L | New |
| Hindustan Unilever Limited | 1.48% | down 1.53 pts | ₹56 L | down ₹57 L | Trimmed |
| Ambuja Cements Limited | 1.40% | up 0.55 pts | ₹53 L | up ₹22 L | Added |
| HCL Technologies Limited | 1.31% | up 0.03 pts | ₹50 L | up ₹2 L | Added |
| Bata India Limited | 1.12% | up 0.04 pts | ₹43 L | up ₹2 L | Added |
| Cash, TREPS & receivables | 1.06% | down 2.32 pts | ₹40 L | down ₹86 L | Trimmed |
| Bharat Electronics Limited | 1.04% | up 1.04 pts | ₹40 L | up ₹40 L | New |
| DLF Limited | 1.04% | up 0.02 pts | ₹40 L | up ₹1 L | Added |
| Eicher Motors Limited | 1.03% | down 0.04 pts | ₹39 L | down ₹1 L | Trimmed |
| Bank of Baroda | 1.02% | up 0.01 pts | ₹39 L | up ₹1 L | Added |
| SBI Life Insurance Company Limited | 1.02% | up 0.23 pts | ₹39 L | up ₹9 L | Added |
| Birlasoft Limited | 1.02% | up 1.02 pts | ₹39 L | up ₹39 L | New |
| Godrej Consumer Products Limited | 1.00% | up 1.00 pts | ₹38 L | up ₹38 L | New |
| NTPC Limited | 1.00% | up 1.00 pts | ₹38 L | up ₹38 L | New |
| Asian Paints Limited | 0.99% | up 0.99 pts | ₹38 L | up ₹38 L | Added |
| Hindalco Industries Limited | 0.99% | up 0.02 pts | ₹38 L | up ₹1 L | Added |
| JK Lakshmi Cement Limited | 0.82% | up 0.82 pts | ₹31 L | up ₹31 L | New |
| Sansera Engineering Limited | 0.72% | up 0.72 pts | ₹27 L | up ₹27 L | New |
| ICICI Lombard General Insurance Company Limited | 0.71% | up 0.07 pts | ₹27 L | up ₹3 L | Added |
| TVS Motor Company Limited | 0.52% | up <0.01 pts | ₹20 L | up ₹0 L | Added |
| Bajaj Auto Limited | 0.51% | up 0.01 pts | ₹20 L | up ₹1 L | Added |
What changed, May 2023 to Jun 2023
New New positions (11)
- Cholamandalam Investment and Finance Company Limited2.1% · ₹81 L
- Mahindra & Mahindra Limited2.0% · ₹78 L
- Power Finance Corporation Limited1.6% · ₹60 L
- InterGlobe Aviation Limited1.5% · ₹58 L
- Nestle India Limited1.5% · ₹58 L
- Bharat Electronics Limited1.0% · ₹40 L
- Birlasoft Limited1.0% · ₹39 L
- Godrej Consumer Products Limited1.0% · ₹38 L
- NTPC Limited
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since May 2023, the weight rose most in Finance (+3.9 pts) and Telecom - Services (+1.6 pts), and fell most in Banks (−7.8 pts) and Diversified FMCG (−3.6 pts).
- Finance6.2% → 10.1%+3.9 pts
- Telecom - Services2.4% → 4.0%+1.6 pts
- Transport Services0.0% → 1.5%new+1.5 pts
- Food Products2.0% → 3.3%+1.3 pts
- IT - Software8.2% → 9.5%+1.2 pts
- Aerospace & Defense0.0% → 1.1%new+1.1 pts
- Banks31.7% → 24.0%−7.8 pts
- Diversified FMCG9.1% → 5.6%−3.6 pts
- Petroleum Products8.5% → 5.1%−3.4 pts
- Gas0.7% → 0.0%exited−0.7 pts
- Automobiles10.1% → 9.6%−0.6 pts
- Realty1.3% → 1.1%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Mar 2023 | May 2023 | Jun 2023 |
|---|---|---|---|
| Banks | 32.8% | 31.7% | 24.0% |
| Finance | 5.8% | 6.2% | 10.1% |
| Automobiles | 6.4% | 10.1% | 9.6% |
| IT - Software | 9.4% | 8.2% | 9.5% |
| Cement & Cement Products | 4.2% | 5.5% | 6.4% |
| Diversified FMCG | 8.7% | 9.1% | 5.6% |
| Petroleum Products | 11.0% | 8.5% | 5.1% |
| Construction | 4.7% | 5.0% | 5.1% |
| Telecom - Services | 5.1% | 2.4% | 4.0% |
| Consumer Durables | 3.4% | 3.4% | 4.0% |
Allocation in Jun 2023change vs May 2023
- Banks (5)24.0%▼ 7.8 pts
- Finance (4)10.1%▲ 3.9 pts
- Automobiles (6)9.6%▼ 0.6 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Jun 2023
1.1%
▼ 2.3 pts vs May 2023
- Cash alone
- 1.1%
- cash and net receivables
- A year earlier
- —
- no disclosure
- Last 12 months
- 1.1% – 8.6%
- lowest to highest · record 8.6% in Mar 2023
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.