Groww Mutual Fund, formerly Indiabulls Mutual Fund, was constituted as a trust vide its original trust deed dated November 7, 2008. It was acquired by Groww Invest-Tech Private Limited (Formerly Known as Nextbillion Technology Private Limited) on May 3, 2023. Billionbrains Garage Ventures Private Limited (BGV), a technology company, sponsors Groww Mutual Fund. Groww Trustee Limited is the trustee of Groww Mutual Fund.
Groww Invest-Tech Private Ltd (formerly known as Nextbillion Technology Pvt. Ltd) has acquired 100% of the paid-up share capital of Indiabulls Asset Management Co Limited (IAMC) and Indiabulls Trustee Limited (ITCL). As of 31 December 2024, the Groww Mutual Fund manages assets worth Rs. 145811.77 Lacs and has an Average AUM of Rs. 153830.49 Lacs.
Key Information About Groww Mutual Fund
How to Invest in the Groww Mutual Fund
Investing in the best Groww Mutual Funds can be a complex process. To make it easier, here is a step-by-step guide:
1. Choose Your Mutual Fund Type
Choose your mutual types, such as equity, debt, hybrid, index, and sector funds, according to your risk tolerance (low, medium, or high) and financial goals.
2. Select a Mutual Fund Scheme
After carefully analysing the historical returns, expense ratio, reviews, and ratings of different schemes, choose your preferred Groww Mutual Fund.
3. Login or Open a Demat Account
Log in to your Stack Wealth account. If you do not have an account, you can register with your mobile number and create a new one immediately.
4. Complete KYC (Know Your Customer) Requirements
The next step involves providing personal information and verifying identity. You must upload a government-issued ID such as PAN, Aadhar and proof of address. Follow the instructions in the app to complete this step smoothly.
5. Select Investment Mode (SIP or lumpsum)
If you prefer regular, disciplined investing, you can set-up a systematic investment plan (SIP), which is periodic (monthly, quarterly, etc.). Alternatively, if you have a large amount to invest, you can make a lump-sum investment. Select the investment period of your choice.
6. Confirm and Track Your Investment
After setting up your investment, sit back and watch your money grow. The Stack Wealth app will provide regular updates and reports on your portfolio’s performance. You can also adjust your investments or withdraw funds as needed.
List of Best Groww Mutual Funds in India
Here is the list of some of the best Groww Mutual Funds in India:
* All data as of 31 Dec 2024
Detailed Overview of Groww Mutual Fund Schemes
Now, let’s discuss these 10 Groww Mutual Fund schemes in detail:
1. Groww ELSS Tax Saver Fund - Direct-Growth
Groww ELSS Tax Saver Fund is an equity scheme mainly investing in equity and equity-related instruments to achieve long-term capital appreciation.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 17.60% and 17.87%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹16,377.22.
- Minimum Investment Amount: The minimum lump sum for the Groww ELSS Tax Saver Fund is ₹500, and for SIP, it is ₹500.
2. Groww Value Fund - Direct-Growth
Groww Value Fund is an equity scheme that mostly invests in a well-diversified portfolio of value stocks.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 17.57% and 19.46%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹16,250.67.
- Minimum Investment Amount: The minimum lump sum for the Groww Value Fund is ₹500, and for SIP, it is ₹500.
3. Groww Liquid Fund - Direct-Growth
Groww Liquid Fund is a debt scheme that seeks to provide a high level of liquidity with returns proportional to low risk through a portfolio of money market securities and debt with maturity of up to 91 days.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.21% and 5.19%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹11,981.75.
- Minimum Investment Amount: The minimum lump sum for the Groww Liquid Fund is ₹500, and for SIP, it is ₹500.
4. Groww Aggressive Hybrid Fund - Direct-Growth
Groww Aggressive Hybrid Fund is a hybrid scheme that seeks to generate a periodic return and long-term capital appreciation from a careful combination of equity and debt instruments.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 12.7% and 13.1%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Groww Aggressive Hybrid Fund is ₹500, and for SIP, it is ₹500.
5. Groww Overnight Fund - Direct-Growth
Groww Overnight Fund is a debt scheme that seeks to provide reasonable returns proportional to low risk and a high level of liquidity through investments made, especially in overnight securities having a maturity of 1 business day.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 5.77% and 4.77%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹11,834.34.
- Minimum Investment Amount: The minimum lump sum for the Groww Overnight Fund is ₹500, and for SIP, it is ₹500.
6. Groww Large Cap Fund - Direct-Growth
Groww Large Cap Fund is an equity scheme that seeks to achieve long-term capital appreciation from a portfolio that invests mainly in equity and equity-related securities of blue-chip large-cap companies.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 15.81% and 15.15%, respectively. In three years, the current value of a Standard Investment of ₹10,000 will become around ₹15,533.56.
- Minimum Investment Amount: The minimum lump sum for the Groww Large Cap Fund is ₹500, and for SIP, it is ₹500.
7. Groww Nifty Total Market Index Fund - Direct-Growth
Groww Nifty Total Market Index Fund, an equity scheme, aims to achieve a return equal to the Nifty Total Market Index-TRI, subject to tracking error. This index is diversified throughout the Indian market across sectors and market caps and strives to benefit from India’s economic growth.
- Fund Performance: The fund's annualized returns for the one year and since inception have been around 3.3% and 23.2%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Groww Nifty Total Market Index Fund is ₹500, and for SIP, it is ₹500.
8. Groww Dynamic Bond Fund - Direct-Growth
Groww Dynamic Bond Fund is an open-ended dynamic debt scheme investing in debt instruments including but not limited to bonds, debentures, government securities and money market instruments over several maturity periods.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 5.8% and 5.6%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Groww Dynamic Bond Fund is ₹500, and for SIP, it is ₹500.
9. Groww Short Duration Fund - Direct-Growth
Groww Short Duration Fund is an open-ended short-term debt scheme investing in debt instruments such that the portfolio’s Macaulay Duration is between 1-3 years. It has a moderate interest rate and credit risk.
- Fund Performance: The fund's annualized returns for the past three and five years have been around 6.3% and 5.8%, respectively.
- Minimum Investment Amount: The minimum lump sum for the Groww Short Duration Fund is ₹500, and for SIP, it is ₹500.
10. Groww Multicap Fund - Direct-Growth
Groww Multicap Fund is an equity scheme that invests in equity and equity-related instruments of large, mid, and small-cap companies to generate long-term capital growth.
- Fund Performance: An open-ended equity scheme that invests across various market caps to achieve long-term capital appreciation. The benchmark is the Nifty 500 Multicap 50:25:25 Index TRI.
- Minimum Investment Amount: The minimum lump sum for the Groww Multicap Fund is ₹500, and for SIP, it is ₹500.
Top Fund Managers
Below is the list of people who have made Groww Mutual Fund Investment a standout choice in a highly competitive market.
1. Mr. Anupam Tiwari
Anupam is the Head of Equity and has 18 years of experience in the Mutual Fund Industry. He worked as an Equity Analyst at Reliance Mutual Fund for 5 years. He became an Equity Fund Manager at Reliance Life Insurance Company, a Principal at PNB Asset Management Company Limited, and a principal at Axis Asset Management Company in his most recent assignments before joining Groww AMC.
2. Mr. Kaustubh Sule
Kaustubh joined Groww AMC in May 2023 as a Senior Fund Manager - Debt. With 17 years of experience in various roles, he specialises in fixed-income strategies, including money market, macro, and duration strategies. He gained valuable expertise at Nippon Life and HDFC Life before joining Axis AMC as a Fund Manager - Fixed Income, managing medium-term and long-term Fixed Income strategies. Throughout his career, Kaustubh actively traded various fixed-income instruments, including Government Securities, Interest Rate Swaps, Corporate Bonds, and Interest Rate Futures.
3. Mr. Abhishek Jain
Mr Abhishek Jain is the equity dealer and fund manager at Groww AMC. He has 12 years of relevant experience in the Equity Market. Before joining Groww Mutual Fund, he was a senior dealer at Edelweiss Tokio Life Insurance. He has also worked at Shriram Asset Management Co Ltd. and Acko General Insurance.
4. Mr. Wilfred Peter Gonsalves
Mr. Wilfred is currently the fund manager for Gold ETF & FOF. He has over seven years of experience in Investment Management and a strong background in fixed income, credit analysis, macroeconomics, and gold. For 1.5 years, he worked at Whiteoak Capital as a dealer in Fixed-Income securities and supported the trading of Gold ETF units. Before this, he was a Fixed-Income Dealer at Edelweiss Tokio Life Insurance for three years, where his responsibilities included Fixed-Income trading and portfolio management.
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