Groww ELSS Tax Saver Fund

Groww Mutual FundEquityPortfolio as of 31 July 2026

Groww ELSS Tax Saver Fund holds 67 instruments (99.4% equity), led by HDFC Bank Limited (6.97%), ICICI Bank Limited (6.53%) and Reliance Industries Limited (5.17%), as of its 31 July 2026 SEBI-mandated monthly disclosure.

Holdings

Equity Allocation

99.4%

AMC

Groww Mutual Fund

Portfolio Analysis

Groww ELSS Tax Saver Fund's top 10 holdings account for 37.35% of its portfolio, in line with the Equity category average of 37.5%. Financial Services is its largest sector exposure at 35.08% of net assets, spread across 13 sectors in total. Since its 30 June 2026 disclosure, the fund added 3 new positions and exited 1 position, with Max Healthcare Institute Limited seeing the largest move (-1.26pp to 0.44%).

Top 10 Equity Holdings

HDFC Bank Limited · 6.97%ICICI Bank Limited · 6.53%Reliance Industries Limited · 5.17%Bharti Airtel Limited · 3.66%Larsen & Toubro Limited · 3.27%State Bank of India · 2.91%Mahindra & Mahindra Limited · 2.32%Ashok Leyland Limited · 2.27%Infosys Limited · 2.27%The Federal Bank Limited · 1.98%

What Changed: June 2026 → July 2026

Equity holdings compared between the fund's two latest monthly disclosures. Weights are % to NAV; weight moves can also reflect price changes, not only buying or selling.

3 new entries1 exit10 increased10 reduced

New Entries

Adani Ports and Special Economic Zone Limited · 1.03%Adani Enterprises Limited · 0.89%ETERNAL LIMITED · 0.77%

Complete Exits

Godrej Consumer Products Limited · was 0.6%

Biggest Weight Increases

Stock	Weight	Change
NMDC Limited	0.2% → 1.06%	▲ +0.86
TATA CONSUMER PRODUCTS LIMITED	0.94% → 1.55%	▲ +0.61
Infosys Limited	1.85% → 2.27%	▲ +0.42
ICICI Bank Limited	6.12% → 6.53%	▲ +0.41
Bajaj Auto Limited	0.74% → 1.05%	▲ +0.31
Steel Authority of India Limited	0.61% → 0.9%	▲ +0.29
JSW Steel Limited	1.16% → 1.42%	▲ +0.26
Laurus Labs Limited	1.28% → 1.51%	▲ +0.23
Persistent Systems Limited	0.91% → 1.14%	▲ +0.23
Mahindra & Mahindra Limited	2.13% → 2.32%	▲ +0.19

Biggest Weight Reductions

Stock	Weight	Change
Max Healthcare Institute Limited	1.7% → 0.44%	▼ -1.26
Lupin Limited	1.64% → 0.43%	▼ -1.21
HDFC Bank Limited	7.23% → 6.97%	▼ -0.26
Suzlon Energy Limited	1.23% → 0.98%	▼ -0.25
Axis Bank Limited	1.91% → 1.72%	▼ -0.19
Marico Limited	0.94% → 0.78%	▼ -0.16
The Phoenix Mills Limited	0.93% → 0.79%	▼ -0.14
Multi Commodity Exchange of India Limited	1.82% → 1.7%	▼ -0.12
Indus Towers Limited	1.21% → 1.1%	▼ -0.11
Hindustan Unilever Limited	0.93% → 0.83%	▼ -0.1

Top Holdings — Weight Trend

% to NAV of the fund's current top holdings over its last 6 monthly disclosures (Feb – Jul 2026).

HDFC Bank Limited

6.97%

ICICI Bank Limited

6.53%

Reliance Industries Limited

5.17%

Bharti Airtel Limited

3.66%

Larsen & Toubro Limited

3.27%

Full Portfolio (67 holdings)

#	Holding	Sector	% to NAV
1	HDFC Bank Limited	Financial Services	6.97%
2	ICICI Bank Limited	Financial Services	6.53%
3	Reliance Industries Limited	Energy	5.17%
4	Bharti Airtel Limited	Telecommunication	3.66%
5	Larsen & Toubro Limited	Industrials	3.27%
6	State Bank of India	Financial Services	2.91%
7	Mahindra & Mahindra Limited	Consumer Discretionary	2.32%
8	Ashok Leyland Limited	Industrials	2.27%
9	Infosys Limited	Information Technology	2.27%
10	The Federal Bank Limited	Financial Services	1.98%
11	Kotak Mahindra Bank Limited	Financial Services	1.96%
12	Axis Bank Limited	Financial Services	1.72%
13	Hero MotoCorp Limited	Consumer Discretionary	1.7%
14	Multi Commodity Exchange of India Limited	Financial Services	1.7%
15	Bajaj Finance Limited	Financial Services	1.64%
16	Tata Steel Limited	Materials	1.58%
17	Bharat Forge Limited	Consumer Discretionary	1.57%
18	TATA CONSUMER PRODUCTS LIMITED	Consumer Staples	1.55%
19	Hindalco Industries Limited	Materials	1.52%
20	Laurus Labs Limited	Healthcare	1.51%
21	IndusInd Bank Limited	Financial Services	1.48%
22	JSW Steel Limited	Materials	1.42%
23	AU Small Finance Bank Limited	Financial Services	1.42%
24	ITC Limited	Consumer Staples	1.38%
25	Sun Pharmaceutical Industries Limited	Healthcare	1.36%
26	The Indian Hotels Company Limited	Consumer Discretionary	1.34%
27	FSN E-Commerce Ventures Limited	Consumer Discretionary	1.27%
28	TVS Motor Company Limited	Consumer Discretionary	1.26%
29	Maruti Suzuki India Limited	Consumer Discretionary	1.26%
30	InterGlobe Aviation Limited	Services	1.25%
31	Titan Company Limited	Consumer Discretionary	1.25%
32	Vedanta Limited	Materials	1.21%
33	Aurobindo Pharma Limited	Healthcare	1.2%
34	Grasim Industries Limited	Materials	1.18%
35	Persistent Systems Limited	Information Technology	1.14%
36	Tata Consultancy Services Limited	Information Technology	1.12%
37	Fortis Healthcare Limited	Healthcare	1.11%
38	Indus Towers Limited	Telecommunication	1.1%
39	NTPC Limited	Utilities	1.1%
40	BSE Limited	Financial Services	1.08%
41	NMDC Limited	Materials	1.06%
42	UltraTech Cement Limited	Materials	1.06%
43	One 97 Communications Limited	Financial Services	1.06%
44	Bajaj Auto Limited	Consumer Discretionary	1.05%
45	Adani Ports and Special Economic Zone Limited	Services	1.03%
46	National Aluminium Company Limited	Materials	1.02%
47	PB Fintech Limited	Financial Services	1.01%
48	Power Finance Corporation Limited	Financial Services	0.99%
49	Suzlon Energy Limited	Industrials	0.98%
50	UPL Limited	Materials	0.97%
51	Navin Fluorine International Limited	Materials	0.95%
52	Steel Authority of India Limited	Materials	0.9%
53	Shriram Finance Limited	Financial Services	0.89%
54	Adani Enterprises Limited	Materials	0.89%
55	ICICI Lombard General Insurance Company Limited	Financial Services	0.88%
56	Max Financial Services Limited	Financial Services	0.86%
57	Vedanta Aluminium Metal Limited	Diversified	0.84%
58	Hindustan Unilever Limited	Consumer Staples	0.83%
59	The Phoenix Mills Limited	Real Estate	0.79%
60	Marico Limited	Consumer Staples	0.78%
61	ETERNAL LIMITED	Consumer Discretionary	0.77%
62	Net Receivable/Payableother	—	0.63%
63	Max Healthcare Institute Limited	Healthcare	0.44%
64	Lupin Limited	Healthcare	0.43%
65	Vedanta Oil and Gas Limited	Diversified	0.07%
66	Vedanta Power Limited	Diversified	0.06%
67	Vedanta Iron and Steel Limited	Diversified	0.06%

Frequently Asked Questions

Yes. As of its 31 July 2026 disclosure, HDFC Bank Limited is 6.97% of Groww ELSS Tax Saver Fund's net assets — its number 1 holding.

Yes. As of its 31 July 2026 disclosure, ICICI Bank Limited is 6.53% of Groww ELSS Tax Saver Fund's net assets — its number 2 holding.

Yes. As of its 31 July 2026 disclosure, Reliance Industries Limited is 5.17% of Groww ELSS Tax Saver Fund's net assets — its number 3 holding.

Yes. As of its 31 July 2026 disclosure, Bharti Airtel Limited is 3.66% of Groww ELSS Tax Saver Fund's net assets — its number 4 holding.

Yes. As of its 31 July 2026 disclosure, Larsen & Toubro Limited is 3.27% of Groww ELSS Tax Saver Fund's net assets — its number 5 holding.

New to reading these? See How to Read a Mutual Fund's Monthly Portfolio Disclosure, or check terms like % to NAV in the glossary.

Source: Groww Mutual Fund's SEBI-mandated monthly portfolio disclosure, dated 31 July 2026. Data is for information only, not investment advice. Holdings may have changed since the disclosure date.