Renowned for their innovative approach to delivering investment solutions, Groww Mutual Fund offers a range of schemes to meet varied needs of investors. Their philosophy is built upon the pillars of transparency, simplicity, consistentcy, and customer centricity.Read More
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
Investor Service Officer
Mr. Krishnam Thota
Compliance Officer
Mr. Hemal Atul Zaveri
Groww Mutual Fund Managers
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Paras Matalia
Fund Manager since May 2024 (1 year)
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Paras Matalia is the Fund Manager & Head of Equity Research at Samco Mutual Fund, where he developed the HexaShield framework and MosDex algorithms. He began his career at Samco Securities. Matalia is a Chartered Accountant and holds a bachelor's degree from R.A. Podar College of Commerce and Economics.
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Kaustubh Sule
Fund Manager since Jan 2023 (2 years)
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Mr. Sule has a B.E. in Computer Engineering & MBA (Finance) from IIT Kharagpur. Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he has worked with Axis Asset Management Company Ltd. HDFC Standard Life Insurance Company Ltd., Reliance Nippon Life Insurance Company Ltd., Union Bank of India, and Hexaware Technologies Ltd.
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Anupam Tiwari
Fund Manager since Oct 2023 (1 year)
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Anupam Tiwari is a Chartered Accountant. He worked at Reliance Capital Asset Management Company, Reliance Life Insurance Company Limited, Principal PNB Mutual Fund, and Axis Mutual Fund before joining Groww Mutual Fund as the Head of Equity.
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:
Search for the fund you want to invest in or take cues from funds listed by Angel One across categories.
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.
Evaluate the fund’s level of risk and weigh it against your risk tolerance.
Check the fund’s ratings given by reputed rating agencies. Generally, the ratings range from 1 to 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.
Decide whether you want to invest via SIP or make a one-time investment
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
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:
PAN Card Details (Mandatory)
Personal Information (Full Name, Mobile Number, Email Address)
Address Proof – Aadhar Card is the recommended option, including both sides.
Bank Account Details, along with a cancelled cheque if necessary.
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
Scheme
Category
AUM (in ₹ Cr)
3-Yr Returns (%)
1-Yr Return (%)
Groww Value Fund
Equity
44.87
13.78
1.66
Groww ELSS Tax Saver Fund
Equity
46.17
12.59
1.42
Groww Largecap Fund
Equity
119.34
11.89
1.93
Groww Aggressive Hybrid Fund
Hybrid
44.77
11.09
3.32
Groww Liquid Fund
Debt
137.83
6.53
7.44
Groww Short Duration Fund
Debt
60.56
6.24
7.97
Groww Overnight Fund
Debt
33.51
6.04
6.65
Groww Dynamic Bond Fund
Debt
56.71
5.76
6.75
Note: All data is as of February 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past 3 years.
1. Groww Value Fund
The Groww Value Fund is an open-ended equity scheme following a value investment strategy. The fund aims to provide long-term capital appreciation by investing in undervalued companies with strong fundamentals. Managed by Anupam Tiwari, the scheme is benchmarked against the NIFTY 500 Value 50 Total Return Index.
2. Groww ELSS Tax Saver Fund
The Groww ELSS Tax Saver Fund is an open-ended equity-linked savings scheme with a statutory lock-in period of three years, offering tax benefits under Section 80C of the Income Tax Act. The fund aims to provide long-term capital appreciation by investing predominantly in equity and equity-related instruments. Managed by Anupam Tiwari, the scheme is benchmarked against the NIFTY 500 Total Return Index. As per standard ELSS guidelines, no exit load is applicable due to the mandatory lock-in period of 3 years.
3. Groww Largecap Fund
The Groww Largecap Fund is an open-ended equity scheme investing predominantly in large-cap companies. The fund aims to provide long-term capital appreciation by focusing on companies with a market capitalisation within the NIFTY 100 Index. Managed by Anupam Tiwari, the scheme is benchmarked against the NIFTY 100 Total Return Index.
4. Groww Aggressive Hybrid Fund
The Groww Aggressive Hybrid Fund is an open-ended hybrid scheme investing predominantly in equity and equity-related instruments along with debt and money market instruments. The fund aims to provide capital appreciation and income distribution by maintaining a balanced portfolio. Managed by Anupam Tiwari and Kaustubh Sule, the scheme is benchmarked against the CRISIL Hybrid 35+65 Aggressive Index.
5. Groww Liquid Fund
The Groww Liquid Fund is an open-ended liquid scheme investing in debt and money market securities with a maturity of up to 91 days. The fund aims to provide reasonable returns with low risk and high liquidity. Managed by Kaustubh Sule, the scheme is benchmarked against the CRISIL Liquid Fund Index. As per SEBI guidelines, liquid funds are subject to a graded exit load if redeemed within 7 days from the date of allotment.
6. Groww Short Duration Fund
The Groww Short Duration Fund is an open-ended short-term debt scheme investing in instruments with a Macaulay duration between 1 to 3 years. The fund aims to provide regular income and capital appreciation by investing in a diversified portfolio of debt and money market instruments. Managed by Kaustubh Sule, the scheme is benchmarked against the CRISIL Short Term Bond Fund Index.
7. Groww Overnight Fund
The Groww Overnight Fund is an open-ended debt scheme investing in overnight securities with a maturity of one day. The fund aims to provide reasonable returns with low risk and high liquidity by investing in overnight securities. Managed by Kaustubh Sule, the scheme is benchmarked against the NIFTY 1D Rate Index.
8. Groww Dynamic Bond Fund
The Groww Dynamic Bond Fund is an open-ended dynamic debt scheme investing across durations. The fund aims to provide income and capital appreciation by actively managing a portfolio of debt and money market instruments across various durations. Managed by Kaustubh Sule, the scheme is benchmarked against the CRISIL Composite Bond Fund Index.
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
