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Groww Mutual Fund is an Asset Management Company (AMC) of the financial platform Groww. In March 2023, Groww acquired Indiabulls Housing Finance. Groww Mutual Fund started working with a simple mission of fulfilling the investment goals of investors by offering mutual funds. It offers a wide range of financial products customised to meet the various needs of its investors. They focus on identifying investment opportunities where high growth aligns with strong fundamentals.
Groww Mutual Fund follows a customer-first approach, where their products are designed to meet an investor’s financial needs. Then, they focus on wealth creation. They believe in consistency over intensity. They pick securities that can easily deliver an investor with good returns to fulfil their financial needs. The firm highly believes in transparency. Groww Mutual Fund keeps their customers updated with the performance of the fund, its goals, and strategy, along with the challenges. This can help an investor make informed investment decisions.
Groww Mutual Fund operates under the trusteeship of Groww Trustee Limited and is sponsored by Nextbillion Technology Private Limited. It offers a diverse portfolio containing a wide range of investment schemes, including debt funds, hybrid funds, equity funds, and ETFs.
| Founding date | March 2011 |
| AMC Incorporation date | April 10, 2008 |
| Headquarters in | Bangalore |
| Name of the sponsors | Nextbillion Technology Private Limited |
| Trustee organisation | Groww Trustee Limited |
| MD and CEO | Varun Gupta |
| Compliance Officer | Hemal Zaveri |
KS
Karan Singh
Fund Manager since Jun 2019 (4 years)
SB
Sumit Bhatnagar
Fund Manager since Jan 2019 (5 years)
AT
Anupam Tiwari
Fund Manager since Oct 2023 (6 months)
AJ
Abhishek Jain
Fund Manager since Feb 2024 (2 months)
Investing in the Groww Mutual Fund is a hassle-free process when done through your Angel One account. You just have to follow these steps:
Step 1: Log in to your Angel One account by entering your mobile number and validate the OTP. Next, enter your MPIN.
Note: In case you do not have an account with Angel One, you can open a demat account with us in under a few minutes by submitting the necessary documents.
Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:
Step 3: Once you finalise the fund(s) you want to invest in, open your Angel One account, go to the Mutual Funds section, and look for it. Since this can be a long-term investment, be careful when choosing the fund that you would like to invest in.
With Angel One, investing in Groww Mutual Fund is now more accessible than ever, thanks to our hassle-free and fully digital KYC process. To kickstart your investment journey, please provide the following essential documents:
At Angel One, we’ve made the KYC verification process seamless, ensuring quick access to Groww Mutual Funds, whether you’re a new or returning investor. Your financial goals are now well within reach through our user-friendly platform. Typically, the KYC process takes just 48-72 business hours, allowing you to embark on your mutual fund journey without delay.
| Name of the Fund | Sub Category | AUM (₹in crore) | Minimum Investment (₹) | CAGR 3Y (%) | CAGR 5Y (%) |
| Groww Value Fund | Value Fund | 10.45 | 100 | 23.19 | 12.78 |
| Groww ELSS Tax Saver Fund | Equity Linked Savings Scheme (ELSS) | 37.31 | 500 | 19.75 | 12.69 |
| Groww Largecap Fund | Large Cap Fund | 95.18 | 100 | 18.46 | 12.02 |
| Groww Aggressive Hybrid Fund | Aggressive Hybrid Fund | 34.53 | 100 | 17.48 | – |
| Groww Dynamic Bond Fund | Dynamic Bond Fund | 27.54 | 100 | 5.05 | – |
| Groww Short Duration Fund | Short Duration Fund | 31.76 | 100 | 4.68 | 5.66 |
| Groww Liquid Fund | Liquid Fund | 148.29 | 100 | 4.58 | 5.09 |
| Groww Overnight Fund | Overnight Fund | 30.46 | 100 | 4.36 | – |
| Groww Arbitrage Fund | Arbitrage Fund | 2.46 | 100 | 3.85 | 4.48 |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
This fund falls under the category of Value Funds. It manages assets worth ₹10.45 crore. The expense ratio for this fund is 1.08%, and it has delivered a compound annual growth rate (CAGR) of 23.19% over the past 3 years. Investors can start with a minimum investment of ₹100. Value funds typically invest in stocks that are considered undervalued compared to their intrinsic worth.
The Groww ELSS Tax Saver Fund is categorised as an Equity Linked Savings Scheme (ELSS). It holds assets totalling ₹37.31 crore with an expense ratio of 0.85%. Over the last 3 years, it has generated a CAGR of 19.75%. The minimum investment requirement for this fund is ₹500. ELSS funds offer tax benefits and primarily invest in equity securities.
This fund falls within the Large Cap Fund category and manages assets valued at ₹95.18 crore. The expense ratio stands at 1.01%, with a 3-year CAGR of 18.46%. You can begin investing in this fund with a minimum of ₹100. Large Cap Funds primarily invest in the stocks of large, well-established companies.
Categorised as an Aggressive Hybrid Fund, this fund holds assets worth ₹34.53 crore and has an expense ratio of 0.8%. Over the past 3 years, it has achieved a CAGR of 17.48%. The minimum investment required is ₹100. Aggressive Hybrid Funds typically invest in a mix of equity and debt instruments to balance risk and return.
The Dynamic Bond Fund is part of the Groww fund lineup. It manages assets worth ₹27.54 crore and has a low expense ratio of 0.45%. Over the last 3 years, it has provided a CAGR of 5.05%. You can initiate investments with a minimum of ₹100. Dynamic Bond Funds have a flexible portfolio that adjusts to changing interest rate scenarios.
This fund falls into the Short Duration Fund category and oversees ₹31.76 crore in assets. It boasts a low expense ratio of 0.4% and has generated a 3-year CAGR of 4.68%. Investors can get started with a minimum investment of ₹100. Short Duration Funds typically invest in debt instruments with shorter maturities.
Categorised as a Liquid Fund, this fund manages a significant AUM of ₹148.29 crore with an exceptionally low expense ratio of 0.1%. It has provided a 3-year CAGR of 4.58%. The minimum investment amount for this fund is ₹100. Liquid Funds primarily invest in highly liquid, low-risk assets like money market instruments.
The Overnight Fund managed by Groww has an AUM of ₹30.46 crore and an extremely low expense ratio of 0.08%. It has delivered a 3-year CAGR of 4.36%. Investors can start with a minimum investment of ₹100. Overnight Funds typically invest in very short-term debt instruments with maturities of one day.
This fund is classified as an Arbitrage Fund and manages assets amounting to ₹2.46 crore. It features an expense ratio of 0.44% and has provided a 3-year CAGR of 3.85%. The minimum investment requirement for this fund is ₹100. Arbitrage Funds aim to exploit price differentials between the cash and futures market.
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