Fund Name
Ratings
Risk
3Y Returns
AUM

Groww Value Fund (formerly known as Indiabulls Value Fund) Direct Plan IDCW (Payout & Payout)

Equity Value Fund

0.5

Very High

21.41%

₹15.17 cr.

Groww Value Fund (formerly known as Indiabulls Value Fund) Direct Plan IDCW (Reinvestment & Reinvestment)

Equity Value Fund

0.5

Very High

21.41%

₹15.17 cr.

Groww Value Fund (formerly known as Indiabulls Value Fund) Direct Plan Growth

Equity Value Fund

0.5

Very High

21.18%

₹15.17 cr.

Groww Value Fund (formerly known as Indiabulls Value Fund) Direct Plan Half Yearly IDCW (Payout & Payout)

Equity Value Fund

0.5

Very High

21.18%

₹15.17 cr.

Groww Value Fund (formerly known as Indiabulls Value Fund) Direct Plan Half Yearly IDCW (Reinvestment & Reinvestment)

Equity Value Fund

0.5

Very High

21.18%

₹15.17 cr.

Groww Value Fund (formerly known as Indiabulls Value Fund) Direct Plan Monthly IDCW (Payout & Payout)

Equity Value Fund

0.5

Very High

21.18%

₹15.17 cr.

Groww Value Fund (formerly known as Indiabulls Value Fund) Direct Plan Monthly IDCW (Reinvestment & Reinvestment)

Equity Value Fund

0.5

Very High

21.18%

₹15.17 cr.

Groww Value Fund (formerly known as Indiabulls Value Fund) Direct Plan Quarterly IDCW (Payout & Payout)

Equity Value Fund

0.5

Very High

21.17%

₹15.17 cr.

Groww Value Fund (formerly known as Indiabulls Value Fund) Direct Plan Quarterly IDCW (Reinvestment & Reinvestment)

Equity Value Fund

0.5

Very High

21.17%

₹15.17 cr.

Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Dividend Option Payout

Equity ELSS

0.5

Very High

18.58%

₹43.24 cr.

Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Direct Plan Growth

Equity ELSS

0.5

Very High

18.55%

₹43.24 cr.

Groww Largecap Fund (formerly known as Indiabulls Bluechip Fund) Direct Plan Half Yearly IDCW (Reinvestment & Reinvestment)

Equity Large Cap Fund

0.5

Very High

17.21%

₹114.29 cr.

Groww Largecap Fund (formerly known as Indiabulls Bluechip Fund) Direct Plan Half Yearly IDCW (Payout & Payout)

Equity Large Cap Fund

0.5

Very High

17.21%

₹114.29 cr.

Groww Largecap Fund (formerly known as Indiabulls Blue Chip Fund) Direct Plan Growth

Equity Large Cap Fund

0.5

Very High

17.21%

₹114.29 cr.

Groww Largecap Fund (formerly known as Indiabulls Bluechip Fund) Direct Plan IDCW (Reinvestment & Reinvestment)

Equity Large Cap Fund

0.5

Very High

17.2%

₹114.29 cr.

Groww Largecap Fund (formerly known as Indiabulls Bluechip Fund) Direct Plan IDCW (Payout & Payout)

Equity Large Cap Fund

0.5

Very High

17.2%

₹114.29 cr.

Groww Largecap Fund (formerly known as Indiabulls Bluechip Fund) Direct Plan Monthly IDCW (Payout & Payout)

Equity Large Cap Fund

0.5

Very High

17.19%

₹114.29 cr.

Groww Largecap Fund (formerly known as Indiabulls Bluechip Fund) Direct Plan Monthly IDCW (Reinvestment & Reinvestment)

Equity Large Cap Fund

0.5

Very High

17.19%

₹114.29 cr.

Groww Largecap Fund (formerly known as Indiabulls Bluechip Fund) Direct Plan Quarterly IDCW (Payout & Payout)

Equity Large Cap Fund

0.5

Very High

16.95%

₹114.29 cr.

Groww Largecap Fund (formerly known as Indiabulls Bluechip Fund) Direct Plan Quarterly IDCW (Reinvestment & Reinvestment)

Equity Large Cap Fund

0.5

Very High

16.95%

₹114.29 cr.

Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan Growth

Hybrid Aggressive Hybrid Fund

2

High

15.83%

₹39.03 cr.

Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan IDCW (Payout & Payout)

Hybrid Aggressive Hybrid Fund

2

High

15.7%

₹39.03 cr.

Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan IDCW (Reinvestment & Reinvestment)

Hybrid Aggressive Hybrid Fund

2

High

15.7%

₹39.03 cr.

Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan Half Yearly IDCW (Payout & Payout)

Hybrid Aggressive Hybrid Fund

2

High

15.69%

₹39.03 cr.

Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan Half Yearly IDCW (Reinvestment & Reinvestment)

Hybrid Aggressive Hybrid Fund

2

High

15.69%

₹39.03 cr.

Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan Monthly IDCW (Payout & Payout)

Hybrid Aggressive Hybrid Fund

2

High

15.63%

₹39.03 cr.

Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan Monthly IDCW (Reinvestment & Reinvestment)

Hybrid Aggressive Hybrid Fund

2

High

15.63%

₹39.03 cr.

Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan Quarterly IDCW (Payout & Payout)

Hybrid Aggressive Hybrid Fund

2

High

15.19%

₹39.03 cr.

Groww Aggressive Hybrid Fund (formerly known as Indiabulls Equity Hybrid Fund) Direct Plan Quarterly IDCW (Reinvestment & Reinvestment)

Hybrid Aggressive Hybrid Fund

2

High

15.19%

₹39.03 cr.

Groww Dynamic Bond Fund (formerly known as Indiabulls Dynamic Bond Fund) Direct Plan Growth

Debt Dynamic Bond

2.5

Moderate

5.21%

₹37.44 cr.

Groww Dynamic Bond Fund (formerly known as Indiabulls Dynamic Bond Fund) Direct Plan Fortnightly IDCW (Payout & Payout)

Debt Dynamic Bond

2.5

Moderate

5.2%

₹37.44 cr.

Groww Dynamic Bond Fund (formerly known as Indiabulls Dynamic Bond Fund) Direct Plan Fortnightly IDCW (Reinvestment & Reinvestment)

Debt Dynamic Bond

2.5

Moderate

5.2%

₹37.44 cr.

Groww Dynamic Bond Fund (formerly known as Indiabulls Dynamic Bond Fund) Direct Plan Weekly IDCW (Payout & Payout)

Debt Dynamic Bond

2.5

Moderate

5.18%

₹37.44 cr.

Groww Dynamic Bond Fund (formerly known as Indiabulls Dynamic Bond Fund) Direct Plan Weekly IDCW (Reinvestment & Reinvestment)

Debt Dynamic Bond

2.5

Moderate

5.18%

₹37.44 cr.

Groww Liquid Fund (formerly known as Indiabulls Liquid Fund) Direct Plan IDCW (Reinvestment)

Debt Liquid Fund

2

Moderately Low

5.18%

₹175.99 cr.

Groww Liquid Fund (formerly known as Indiabulls Liquid Fund) Direct Plan Weekly IDCW (Reinvestment & Reinvestment)

Debt Liquid Fund

2

Moderately Low

5.12%

₹175.99 cr.

Groww Liquid Fund (formerly known as Indiabulls Liquid Fund) Direct Plan Weekly IDCW (Payout & Payout)

Debt Liquid Fund

2

Moderately Low

5.12%

₹175.99 cr.

Groww Dynamic Bond Fund (formerly known as Indiabulls Dynamic Bond Fund) Direct Plan Monthly IDCW (Payout & Payout)

Debt Dynamic Bond

2.5

Moderate

5.12%

₹37.44 cr.

Groww Dynamic Bond Fund (formerly known as Indiabulls Dynamic Bond Fund) Direct Plan Monthly IDCW (Reinvestment & Reinvestment)

Debt Dynamic Bond

2.5

Moderate

5.12%

₹37.44 cr.

Groww Liquid Fund (formerly known as Indiabulls Liquid) Fund Direct Plan Growth

Debt Liquid Fund

2

Moderately Low

5.12%

₹175.99 cr.

Groww Short Duration Fund (formerly known as Indiabulls Short Term Fund) Direct Plan Monthly IDCW (Reinvestment & Reinvestment)

Debt Short Duration Fund

1.5

Moderate

5.09%

₹37.93 cr.

Groww Short Duration Fund (formerly known as Indiabulls Short Term Fund) Direct Plan Monthly IDCW (Payout & Payout)

Debt Short Duration Fund

1.5

Moderate

5.09%

₹37.93 cr.

Groww Short Duration Fund (formerly known as Indiabulls Short Term Fund) Direct Plan Growth

Debt Short Duration Fund

1.5

Moderate

5.08%

₹37.93 cr.

Groww Liquid Fund (formerly known as Indiabulls Liquid Fund) Direct Plan Fortnightly IDCW (Reinvestment & Reinvestment)

Debt Liquid Fund

2

Moderately Low

5.02%

₹175.99 cr.

Groww Liquid Fund (formerly known as Indiabulls Liquid Fund) Direct Plan Fortnightly IDCW (Payout & Payout)

Debt Liquid Fund

2

Moderately Low

5.02%

₹175.99 cr.

Groww Liquid Fund (formerly known as Indiabulls Liquid Fund) Direct Plan Monthly IDCW (Reinvestment & Reinvestment)

Debt Liquid Fund

2

Moderately Low

5%

₹175.99 cr.

Groww Liquid Fund (formerly known as Indiabulls Liquid Fund) Direct Plan Monthly IDCW (Payout & Payout)

Debt Liquid Fund

2

Moderately Low

5%

₹175.99 cr.

Groww Short Duration Fund (formerly known as Indiabulls Short Term Fund) Direct Plan Fortnightly IDCW (Reinvestment & Reinvestment)

Debt Short Duration Fund

1.5

Moderate

4.96%

₹37.93 cr.

Groww Short Duration Fund (formerly known as Indiabulls Short Term Fund) Direct Plan Fortnightly IDCW (Payout & Payout)

Debt Short Duration Fund

1.5

Moderate

4.96%

₹37.93 cr.

Groww Overnight Fund (formerly known as Indiabulls Overnight Fund) Direct Plan Growth

Debt Overnight Fund

1

Low

4.9%

₹74.95 cr.

Groww Short Duration Fund (formerly known as Indiabulls Short Term Fund) Direct Plan Weekly IDCW (Reinvestment & Reinvestment)

Debt Short Duration Fund

1.5

Moderate

4.84%

₹37.93 cr.

Groww Short Duration Fund (formerly known as Indiabulls Short Term Fund) Direct Plan Weekly IDCW (Payout & Payout)

Debt Short Duration Fund

1.5

Moderate

4.84%

₹37.93 cr.

Groww Overnight Fund (formerly known as Indiabulls Overnight Fund) Direct Plan Monthly IDCW (Payout & Payout)

Debt Overnight Fund

1

Low

4.82%

₹74.95 cr.

Groww Overnight Fund (formerly known as Indiabulls Overnight Fund) Direct Plan Monthly IDCW (Reinvestment & Reinvestment)

Debt Overnight Fund

1

Low

4.82%

₹74.95 cr.

Groww Dynamic Bond Fund (formerly known as Indiabulls Dynamic Bond Fund) Direct Plan IDCW (Reinvestment)

Debt Dynamic Bond

2.5

Moderate

4.74%

₹37.44 cr.

Groww Arbitrage Fund (formerly known as Indiabulls Arbitrage Fund) Direct Plan Growth

0%

₹.00 cr.

Groww Arbitrage Fund (formerly known as Indiabulls Arbitrage Fund) Direct Plan Monthly IDCW (Payout & Payout)

0%

₹.00 cr.

Groww Arbitrage Fund (formerly known as Indiabulls Arbitrage Fund) Direct Plan Monthly IDCW (Reinvestment & Reinvestment)

0%

₹.00 cr.

Groww Arbitrage Fund (formerly known as Indiabulls Arbitrage Fund) Direct Plan Quarterly IDCW (Payout & Payout)

0%

₹.00 cr.

Groww Arbitrage Fund (formerly known as Indiabulls Arbitrage Fund) Direct Plan Quarterly IDCW (Reinvestment & Reinvestment)

0%

₹.00 cr.

Groww Arbitrage Fund (formerly known as Indiabulls Arbitrage Fund) Direct Plan IDCW (Payout & Payout)

0%

₹.00 cr.

Groww Arbitrage Fund (formerly known as Indiabulls Arbitrage Fund) Direct Plan IDCW (Reinvestment & Reinvestment)

0%

₹.00 cr.

Groww Arbitrage Fund (formerly known as Indiabulls Arbitrage Fund) Direct Plan Half Yearly IDCW (Payout & Payout)

0%

₹.00 cr.

Groww Arbitrage Fund (formerly known as Indiabulls Arbitrage Fund) Direct Plan Half Yearly IDCW (Reinvestment & Reinvestment)

0%

₹.00 cr.

About Groww Mutual Fund

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.

Groww Mutual Fund Key Information

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

Groww Mutual Fund Managers

KS

Karan Singh

Fund Manager since Jun 2019 (4 years)

SB

Sumit Bhatnagar

Fund Manager since Jan 2019 (5 years)

How to Invest in Groww Mutual Fund via Angel One?

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:

  1. Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
  2. Analyse the fund’s past performance, tax incidence, and the sectors and companies in which it invests. You can also calculate the potential returns using the calculator.
  3. Evaluate the fund’s level of risk and weigh it against your risk tolerance.
  4. Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 5.
  5. Consider the fund’s expense ratio to get an idea about the cost of investing in it.

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.

  1. Decide whether you want to invest via SIP or make a one-time investment
  2. Next, decide your monthly SIP date. Now, enter the amount you want to invest and choose how you want to make the payment. UPI is the preferred mode. Alternatively, you can choose net banking
  3. After placing the order, in case of the SIP route of investment, you can create an AutoPay to make hassle-free future instalments.

Documents Required To Invest in Groww Mutual Fund

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:

  1. PAN Card Details (Mandatory)
  2. Personal Information (Full Name, Mobile Number, Email Address)
  3. Address Proof – Aadhar Card is the recommended option, including both sides.
  4. Bank Account Details, along with a cancelled cheque if necessary.
  5. Nominee details and FATCA Declarations

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.

Top Groww Mutual Funds to Invest

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.

Groww Value Fund

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.

Groww ELSS Tax Saver Fund

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.

Groww Largecap Fund

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.

Groww Aggressive Hybrid Fund

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.

Groww Dynamic Bond Fund

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.

Groww Short Duration Fund

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.

Groww Liquid Fund

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.

Groww Overnight Fund

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.

Groww Arbitrage Fund

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.

Mutual Funds Calculator

Groww Mutual Fund FAQs

Should I invest in the Groww Mutual Fund scheme?

Groww Mutual Fund acquired Indiabulls Asset Management and started their operations in 2023. They have well-experienced fund managers and offer investors various mutual fund schemes to cater to every need. But prominence and returns should not be the only factor to consider when choosing a fund to invest in. Evaluating it based on factors such as risk, volatility, fund manager’s experience, and your return expectations and risk tolerance can help you choose the best fund suited for your terms.

How to start Groww Mutual Fund SIP online?

You can start investing in Groww SIP online in several ways. One of them is through AMC’s official website. But for a seamless experience, you can do it via Angel One.

How to redeem Groww Mutual Funds online?

For online investments, you can redeem your units in three ways. First, via the Angel One App under the Mutual Funds section. Second, by visiting https://www.angelone.in/mutual-funds. Finally, you can also redeem your Groww Mutual Fund units by visiting AMC's website.

How much time does it take to redeem Groww Mutual Fund?

It takes T+2 working days to redeem Groww Mutual Fund units. On Angel One, you can see the tentative date of the transaction, which helps in planning your finances well.

What are the redemption charges of Groww Mutual Fund?

Redemption charges depend on the type of mutual fund you want to sell. You can check with the AMC for more details.

How to increase the SIP amount in a Groww Mutual Fund?

You can do this in three ways - by visiting https://www.angelone.in/mutual-funds, the Angel One App or the AMC’s official website.

How can I get the Groww Mutual Fund statement?

Getting the Groww Mutual Fund account statement is simple. Head to the Mutual Funds section in the Angel One App or visit https://www.angelone.in/mutual-funds. Alternatively, you can get the statement by visiting the AMC’s official website.

Are Groww Mutual Fund schemes tax-free?

Not all schemes are tax-free. As with any other ELSS, the one offered by Groww MF also comes with tax benefits. By investing in Groww MF ELSS Funds, you can claim a tax deduction of up to ₹1.5 lakh under Section 80C every financial year.

What is the best Groww Mutual Fund?

The best Groww Mutual Fund depends on various factors personal to you (risk tolerance and return expectation) and regarding the fund’s performance (volatility, returns, risk, AUM, tracking error, and expense ratio). Choose a fund only after evaluating it based on the above factors. Also, take a look at the fund’s historical performance and how experienced the fund manager is.

What determines the taxes on mutual fund returns?

Type of the fund - debt fund or equity fund Holding period - short term or long term. Note that the definition of short- and long-term depends on the type of fund Total capital gains on selling the fund Dividends received