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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
₹50.9 Cr
down ₹2.2 Cr vs Dec 2025
- Stocks held
- 62
- up 1 vs Dec 2025
- Top 10 weight
- 39.7%
- of the portfolio in its ten largest
- Cash & debt
Groww ELSS Tax Saver Fund is an active equity fund in the ELSS (tax saving) category from Groww Mutual Fund. In January 2026 it disclosed 62 stocks worth ₹50.9 Cr, down ₹2.2 Cr from Dec 2025. Its largest positions were HDFC Bank Limited (8.5%), ICICI Bank Limited (5.7%), Reliance Industries Limited (5.5%); the ten largest together made up 39.7% of the portfolio, and Banks was the biggest sector at 29.0% of its equity. Cash and debt stood at 4.2%. Compared with Dec 2025 the fund entered 5 new stocks and exited 4.
Against 46 other ELSS (tax saving) funds
Concentration
43%
Top-10 weight is higher than 43% of peers
Breadth
70%
Holds more stocks than 70% of peers
Cash
72%
Holds more cash than 72% of peers
What these mean: concentration · cash
Holdings in January 2026
Download CSVEvery line the fund disclosed, with the change against Dec 2025. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| HDFC Bank Limited | 8.50% | down 0.19 pts | ₹4.3 Cr | down ₹29 L | Trimmed |
| ICICI Bank Limited | 5.71% | up 0.24 pts | ₹2.9 Cr | up ₹0 L | Held |
| Reliance Industries Limited | 5.52% | down 0.43 pts | ₹2.8 Cr | down ₹35 L | Trimmed |
| Cash, TREPS & receivables | 4.17% | up 2.98 pts | ₹2.1 Cr | up ₹1.5 Cr | Added |
| Bharti Airtel Limited | 3.41% | down 0.09 pts | ₹1.7 Cr | down ₹12 L | Trimmed |
| State Bank of India | 3.19% | up 0.27 pts | ₹1.6 Cr | up ₹7 L | Added |
| Larsen & Toubro Limited | 3.11% | up 0.01 pts | ₹1.6 Cr | down ₹6 L | Trimmed |
| Infosys Limited | 3.06% | up 0.17 pts | ₹1.6 Cr | up ₹2 L | Added |
| Axis Bank Limited | 2.60% | up 0.29 pts | ₹1.3 Cr | up ₹10 L | Added |
| Mahindra & Mahindra Limited | 2.39% | down 0.17 pts | ₹1.2 Cr | down ₹14 L | Trimmed |
| Kotak Mahindra Bank Limited | 2.21% | down 0.08 pts | ₹1.1 Cr | down ₹9 L | Trimmed |
| The Federal Bank Limited | 1.88% | up 0.21 pts | ₹95 L | up ₹7 L | Added |
| ITC Limited | 1.76% | down 0.35 pts | ₹89 L | down ₹22 L | Trimmed |
| Maruti Suzuki India Limited | 1.75% | down 0.17 pts | ₹89 L | down ₹13 L | Trimmed |
| Hindalco Industries Limited | 1.75% | up 0.20 pts | ₹89 L | up ₹7 L | Added |
| Bajaj Finance Limited | 1.58% | down 0.03 pts | ₹80 L | down ₹5 L | Trimmed |
| InterGlobe Aviation Limited | 1.45% | down 0.08 pts | ₹74 L | down ₹7 L | Trimmed |
| Tata Steel Limited | 1.43% | up 0.15 pts | ₹73 L | up ₹5 L | Added |
| AU Small Finance Bank Limited | 1.38% | up 0.04 pts | ₹70 L | down ₹1 L | Trimmed |
| Hindustan Unilever Limited | 1.32% | down 0.01 pts | ₹67 L | down ₹3 L | Trimmed |
| IDFC First Bank Limited | 1.31% | up 0.13 pts | ₹67 L | up ₹4 L | Added |
| FSN E-Commerce Ventures Limited | 1.30% | down 0.13 pts | ₹66 L | down ₹10 L | Trimmed |
| Eternal Limited | 1.29% | up 0.03 pts | ₹66 L | down ₹1 L | Trimmed |
| Cholamandalam Financial Holdings Limited | 1.29% | down 0.22 pts | ₹66 L | down ₹15 L | Trimmed |
| Vedanta Limited | 1.28% | up 1.28 pts | ₹65 L | up ₹65 L | New |
| Ashok Leyland Limited | 1.26% | down 0.03 pts | ₹64 L | down ₹5 L | Trimmed |
| JSW Steel Limited | 1.23% | up 0.10 pts | ₹63 L | up ₹3 L | Added |
| Tata Consultancy Services Limited | 1.21% | up 0.02 pts | ₹62 L | down ₹2 L | Trimmed |
| Eicher Motors Limited | 1.16% | up 0.02 pts | ₹59 L | down ₹2 L | Trimmed |
| Grasim Industries Limited | 1.15% | up 0.04 pts | ₹59 L | down ₹0 L | Held |
| Tata Motors Limited | 1.15% | down 0.21 pts | ₹59 L | down ₹14 L | Trimmed |
| Max Healthcare Institute Limited | 1.14% | up 1.14 pts | ₹58 L | up ₹58 L | New |
| Fortis Healthcare Limited | 1.11% | down 0.08 pts | ₹57 L | down ₹7 L | Trimmed |
| One 97 Communications Limited | 1.10% | down 0.03 pts | ₹56 L | down ₹4 L | Trimmed |
| UPL Limited | 1.10% | down 0.09 pts | ₹56 L | down ₹7 L | Trimmed |
| The Indian Hotels Company Limited | 1.08% | up 1.08 pts | ₹55 L | up ₹55 L | New |
| Laurus Labs Limited | 1.06% | down 0.11 pts | ₹54 L | down ₹8 L | Trimmed |
| Swiggy Limited | 1.06% | up 1.06 pts | ₹54 L | up ₹54 L | New |
| TVS Motor Company Limited | 1.06% | down 0.01 pts | ₹54 L | down ₹3 L | Trimmed |
| Info Edge (India) Limited | 1.05% | down 0.02 pts | ₹54 L | down ₹4 L | Trimmed |
| Prestige Estates Projects Limited | 1.05% | down 0.05 pts | ₹53 L | down ₹5 L | Trimmed |
| Power Finance Corporation Limited | 1.03% | down 0.24 pts | ₹52 L | down ₹15 L | Trimmed |
| UltraTech Cement Limited | 1.01% | up <0.01 pts | ₹51 L | down ₹2 L | Trimmed |
| Bank of Maharashtra | 1.00% | up 0.03 pts | ₹51 L | down ₹1 L | Trimmed |
| ICICI Lombard General Insurance Company Limited | 0.99% | down 0.04 pts | ₹50 L | down ₹4 L | Trimmed |
| Titan Company Limited | 0.98% | up 0.02 pts | ₹50 L | down ₹1 L | Trimmed |
| Suzlon Energy Limited | 0.97% | down 0.06 pts | ₹49 L | down ₹5 L | Trimmed |
| Hero MotoCorp Limited | 0.97% | down 0.12 pts | ₹49 L | down ₹8 L | Trimmed |
| Sun Pharmaceutical Industries Limited | 0.96% | down 0.03 pts | ₹49 L | down ₹4 L | Trimmed |
| MRF Limited | 0.94% | down 0.10 pts | ₹48 L | down ₹7 L | Trimmed |
What changed, Dec 2025 to Jan 2026
New New positions (5)
- Vedanta Limited1.3% · ₹65 L
- Max Healthcare Institute Limited1.1% · ₹58 L
- The Indian Hotels Company Limited1.1% · ₹55 L
- Swiggy Limited1.1% · ₹54 L
- Shriram Transport Finance Company Limited0.8% · ₹41 L
Exited Exited (4)
- Persistent Systems Limitedwas 1.1% · ₹59 L
- Indian Bankwas 1.0% · ₹54 L
- Dixon Technologies (India) Limitedwas 0.8% · ₹44 L
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 Dec 2025, the weight rose most in Diversified Metals (+1.3 pts) and Leisure Services (+1.1 pts), and fell most in Pharmaceuticals & Biotechnology (−1.1 pts) and Petroleum Products (−0.9 pts).
- Diversified Metals0.0% → 1.3%new+1.3 pts
- Leisure Services0.0% → 1.1%new+1.1 pts
- Retailing3.8% → 4.9%+1.1 pts
- Banks28.2% → 29.0%+0.8 pts
- Finance4.4% → 4.9%+0.5 pts
- Ferrous Metals2.4% → 2.8%+0.3 pts
- Pharmaceuticals & Biotechnology3.3% → 2.2%−1.1 pts
- Petroleum Products7.3% → 6.4%−0.9 pts
- Chemicals & Petrochemicals0.8% → 0.0%exited−0.8 pts
- IT - Software6.1% → 5.4%−0.7 pts
- Consumer Durables2.5% → 1.8%−0.7 pts
- Capital Markets1.1% → 0.7%−0.4 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 | Jan 2025 | Jul 2025 | Oct 2025 | Dec 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Banks | 17.8% | 22.3% | 20.0% | 28.2% | 29.0% |
| Automobiles | 2.7% | 6.4% | 7.7% | 9.3% | 8.9% |
| Petroleum Products | — | 5.1% | 4.9% | 7.3% | 6.4% |
| IT - Software | 16.5% | 7.2% | 4.7% | 6.1% | 5.4% |
| Retailing | — | 3.0% | 6.1% | 3.8% | 4.9% |
| Finance | 7.4% | 10.0% | 8.1% | 4.4% | 4.9% |
| Telecom - Services | 2.5% | 6.4% | 3.9% | 3.5% | 3.6% |
| Construction | 3.0% | 2.4% | 2.4% | 3.1% | 3.2% |
| Diversified FMCG | — | 0.3% | 2.2% | 3.5% | 3.2% |
| Healthcare Services | 1.8% | 4.3% | 3.6% | 2.9% | 2.8% |
Allocation in Jan 2026
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, Jan 2026
4.2%
▲ 3.0 pts vs Dec 2025
- Cash alone
- 4.2%
- cash and net receivables
- A year earlier
- 13.9%
- Jan 2025 · now ▼ 9.7 pts
- Last 12 months
- 1.2% – 16.3%
- lowest to highest · record 16.3% in Jun 2025
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.