Groww Mutual Fund
Groww Mutual Fund, a leading fund house, is renowned for its innovative approach to delivering investment solutions. It specializes in a broad array of financial products tailored to meet the distinct needs and aspirations of its investors.
The philosophy of Groww Mutual Fund is built upon the pillars of simplicity, transparency, consistent wealth creation, and customer centricity. They are focused on identifying investment opportunities where high growth aligns with robust fundamentals.
Operating under the trusteeship of Groww Trustee Limited and sponsored by Groww Invest Tech Pvt Ltd, Groww Mutual Fund offers a diverse portfolio. The portfolio encompasses a wide range of investment schemes, including equity funds, hybrid funds, debt funds, and ETFs.
List of Groww Mutual Fund in India
| Fund Name | Category | Risk | 1Y Returns | Rating | Fund Size(in Cr) |
|---|---|---|---|---|---|
Groww Value Fund | Equity | Very High | 38.0% | -- | ₹18 |
Groww ELSS Tax Saver Fund | Equity | Very High | 34.3% | -- | ₹45 |
Groww Large Cap Fund | Equity | Very High | 30.8% | -- | ₹120 |
Groww Aggressive Hybrid Fund | Hybrid | Very High | 25.9% | -- | ₹41 |
Groww Liquid Direct Fund | Debt | Low to Moderate | 7.3% | -- | ₹212 |
Groww Overnight Fund | Debt | Low | 6.7% | -- | ₹28 |
Groww Short Duration Fund | Debt | Moderate | 6.5% | -- | ₹38 |
Groww Dynamic Bond Fund | Debt | Moderate | 6.1% | -- | ₹37 |
Groww Nifty Total Market Index Fund | Other | Very High | NA | -- | ₹131 |
Groww Banking & Financial Services Fund | Equity | Very High | NA | -- | ₹36 |
Groww Nifty Smallcap 250 Index Fund | Equity | Very High | NA | -- | ₹48 |
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Key information about Groww Asset Management Limited.
| Mutual fund name | Groww Mutual Fund |
| Asset management company name | Groww Asset Management Limited. |
| AMC Setup Date | March 24, 2011 |
| AMC Incorporation Date | April 10, 2008 |
| Sponsor name | Groww Invest Tech Pvt Ltd |
| Trustee organisation | Groww Trustee Limited (formally known as Indiabulls Trustee Company limited) |
| Compliance Officer | Mr. Hemal Zaveri |
| CEO | Mr. Varun Gupta |
| Investor Service Officer | Mr. Krishnam Thota |
Why invest with Groww?
— Registered with SEBI, AMFI & BSE
— Paperless sign up on web & app
— Expert recommendations
— ZERO fees !
How can you invest in Groww Mutual Funds?
You can invest in Groww Mutual Fund online by following some simple steps. Mentioned below is the process to invest in this mutual fund.
Step 1. Log-in to your Groww account to access the necessary information. If you are a new user, register your details to create an account.
Step 2. Upload a copy of your Identity Proof, like Voter ID, Aadhaar, PAN Card, passport, Driving Licence, etc. It should be a document issued by the Central or State Government.
Step 3. Upload a Proof of Address document. It can be any identity proof document with your permanent address mentioned.
Step 4. Choose an appropriate investment period for the scheme.
Step 5. Select whether you want to invest in a low, medium, or high-risk scheme.
Step 6. Set your preferred mutual fund as Groww Mutual Funds.
Step 7. Select “Invest One Time” if you want to invest a large amount; select “Start SIP” if you want to invest the amount via SIP.
The Groww Mutual Fund online investment will reflect in your Groww account within 3 to 4 business days after the completion of the process.
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Top Fund Managers
1. Mr. Anupam Tiwari (Head of Equity)
Mr. Anupam brings 18 years of extensive experience in the Mutual Fund Industry, having served as an Equity Analyst at Reliance Mutual Fund for 5 years. He then held roles as an Equity Fund Manager at Reliance Life Insurance Company, Principal at PNB Asset Management Company, and Axis Asset Management Company in his most recent assignment before joining Groww.
2. Kaustubh Sule (Senior Fund Manager - Fixed Income)
Kaustubh is a seasoned Senior Fund Manager - Debt at Groww Asset Management Limited, having joined since its inception in May 2023.
With 17 years of experience in various roles, he specializes in Fixed Income Strategies, including money market, macro, and duration strategies.
Kaustubh began his investment management career as a Fixed Income Trader at Union Bank of India's Treasury Desk. He further gained valuable expertise at Nippon Life and HDFC Life before joining Axis AMC as a Fund Manager - Fixed Income, where he managed medium-term and long-term Fixed Income strategies.
He holds a B.E. in Computer Engineering from PICT, Pune University, and an MBA in Finance from VGSoM, IIT Kharagpur, providing him with a strong technical and financial background. Throughout his career, Kaustubh actively traded various fixed income instruments, including government securities, corporate bonds, interest rate swaps, and interest rate futures.
3. Mr. Karan Singh (Fund Manager- Fixed Income)
Mr. Karan Singh previously held the position of Head of Fixed Income Research at Indiabulls Asset Management. With over 15 years of experience in Fixed Income Fund Management, he is a seasoned professional in the Indian financial market.
Mr. Singh completed his Bachelor’s Degree in Economics from Delhi University in 1996. He also studied in the Indian Institute of Finance and completed his CFA Level 1 from the CFA Institute. He also studied economics at the Faculty of Business and Economics at the University of Melbourne.
Mr. Karan Singh started his professional career as an Intern Analyst at IL&FS AMC Ltd. in 2002. After completing his internship, he was appointed as an Analyst for the Fund Management and Fixed Income department of Escorts AMC. He was appointed by ICRA Ltd. as the Senior Analyst for Banking and Finance department, from where he was appointed by Fidelity Investments as an Associate for Fixed Income.
Mr. Singh joined Religare Aegon AMC Ltd. as an Analyst for the Fixed Income department in October 2008. After associating with the organization for three years, he shifted to DIOS Capital Advisors LLC in 2012 as the Director/Strategist. He also worked at the Taurus Group as the Strategist for Fixed Income in Mumbai.
Explore Other AMC's Schemes
Let's have a closer look
Now let us jump and check about these top 11 mutual fund schemes.
Groww Value Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 20.3% & 18.06%. The Groww Value Fund comes under the Equity category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Value Fund is ₹10 and for SIP, it is ₹10.
| Min Investment Amt | ₹10 |
|---|---|
| AUM | ₹18Cr |
| 1Y Returns | 38.0% |
Groww ELSS Tax Saver Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 18.84% & 16.63%. The Groww ELSS Tax Saver Fund comes under the Equity category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww ELSS Tax Saver Fund is ₹500 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹45Cr |
| 1Y Returns | 34.3% |
Groww Large Cap Fund Direct Fund Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 17.75% & 15.36%. The Groww Large Cap Fund comes under the Equity category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Large Cap Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹120Cr |
| 1Y Returns | 30.8% |
Groww Aggressive Hybrid Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 15.58% & 15.18%. The Groww Aggressive Hybrid Fund comes under the Hybrid category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Aggressive Hybrid Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹41Cr |
| 1Y Returns | 25.9% |
Groww Liquid Direct Fund Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.43% & 5.09%. The Groww Liquid Direct Fund comes under the Debt category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Liquid Direct Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹212Cr |
| 1Y Returns | 7.3% |
Groww Overnight Fund Direct Growth
Fund Performance: The Groww Overnight Fund comes under the Debt category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Overnight Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹28Cr |
| 1Y Returns | 6.7% |
Groww Short Duration Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5.06% & 5.36%. The Groww Short Duration Fund comes under the Debt category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Short Duration Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹38Cr |
| 1Y Returns | 6.5% |
Groww Dynamic Bond Fund Direct Growth
Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 5% & 6.09%. The Groww Dynamic Bond Fund comes under the Debt category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Dynamic Bond Fund is ₹100 and for SIP, it is ₹1,000.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹37Cr |
| 1Y Returns | 6.1% |
Groww Nifty Total Market Index Fund Direct Growth
Fund Performance: The Groww Nifty Total Market Index Fund comes under the Other category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Nifty Total Market Index Fund is ₹100 and for SIP, it is ₹100.
| Min Investment Amt | ₹100 |
|---|---|
| AUM | ₹131Cr |
| 1Y Returns | NA |
Groww Banking & Financial Services Fund Direct Growth
Fund Performance: The Groww Banking & Financial Services Fund comes under the Equity category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Banking & Financial Services Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹36Cr |
| 1Y Returns | NA |
Groww Nifty Smallcap 250 Index Fund Direct Growth
Fund Performance: The Groww Nifty Smallcap 250 Index Fund comes under the Equity category of Groww Mutual Funds.
Minimum Investment Amount: Lump sum minimum amount for Groww Nifty Smallcap 250 Index Fund is ₹500 and for SIP, it is ₹100.
| Min Investment Amt | ₹500 |
|---|---|
| AUM | ₹48Cr |
| 1Y Returns | NA |
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