Groww Mutual Funds
Groww Mutual Fund is an asset management company (AMC) offering mutual fund schemes. It offers hybrid, debt, and equity funds. SIP and lump sum options are available to investors. Billion Brains Garage Ventures Pvt. Ltd. is the fund's sponsor. HDFC Bank Ltd. is the custodian and KFin Technologies Pvt. Ltd. is the registrar. The business is headquartered in Mumbai.
25 funds
Groww Value Fund
Equity • Value • Direct Growth3Y CAGR
19.19%
Expense ratio
0.9%
Returns vs category
Risk vs category
Groww ELSS Tax Saver Fund
Equity • ELSS (Tax Savings) • Direct Growth3Y CAGR
16.73%
Expense ratio
0.85%
Returns vs category
Risk vs category
Groww Large Cap Fund
Equity • Large Cap • Direct Growth3Y CAGR
16.28%
Expense ratio
1.26%
Returns vs category
Risk vs category
Groww Aggressive Hybrid Fund
Hybrid • Aggressive • Direct Growth3Y CAGR
14.16%
Expense ratio
1.38%
Returns vs category
Risk vs category
Groww Short Duration Fund
Fixed Income • Short Duration • Direct Growth3Y CAGR
7.79%
Expense ratio
0.31%
Returns vs category
Risk vs category
Groww Liquid Fund
Fixed Income • Liquid • Direct Growth3Y CAGR
7.03%
Expense ratio
0.1%
Returns on Maturity
Credit Rating
Groww Dynamic Bond Fund
Fixed Income • Dynamic Bond • Direct Growth3Y CAGR
6.74%
Expense ratio
0.45%
Returns vs category
Risk vs category
Groww Overnight Fund
Fixed Income • Overnight • Direct Growth3Y CAGR
6.31%
Expense ratio
0.14%
Returns on Maturity
Credit Rating
N/A
Groww Silver ETF FOF
Commodity • Precious Metals • Direct Growth3Y CAGR
0.00%
Expense ratio
0.18%
Returns vs category
N/A
Risk vs category
N/A
Groww Nifty 500 Momentum 50 ETF FoF
Hybrid • FOF • Direct Growth3Y CAGR
0.00%
Expense ratio
0.2%
Returns vs category
N/A
Risk vs category
N/A
About
AMC Summary
The Groww AMC has 211 schemes. The total assets under management of Groww Mutual Fund were Rs 1678.22 crore as of December 2024. About Groww AMC
Groww Asset Management Limited is a subsidiary of Nextbillion Technology Pvt. Ltd. It manages Groww Mutual Fund. The company began as a mutual fund distribution firm before launching its own AMC. It offers various mutual funds for investors.
Groww Mutual Fund: Key Information
Here are some essential details about Groww AMC:
- Date of Incorporation: 2017
- Date of Mutual Fund Launch: 2022
- Headquarters: Bengaluru, India
- Trustee Organisation: Groww Trustee Services Private Limited
- Mutual Fund Name: Groww Mutual Fund
- CEO: Varun Gupta
- Name of Asset Management Company: Groww Asset Management Limited
- Investor Relations Officer: Ankit Kumar
How to invest in Groww Mutual Funds?
- The first step for an investor would be to enter basic information while signing up on the AMC website or Upstox app.
- Then enter your KYC details such as passport, voter ID, Aadhaar or PAN, together with proof of address.
- Depending on your objectives, choose whether to make short-term or long-term investments.
- Check the various schemes and choose the one that best suits your objectives.
- Then choose the mode of payment, which could be either a SIP or lump sum payment.
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Frequently Asked Questions
How can I get my Groww Mutual Fund statement?
To get the statement, you need to sign in to the AMC’s website or Upstox app. From there you can head to the Investments section and download your account statement.
How long does it take to redeem Groww Mutual Funds?
Groww Mutual Funds can be redeemed within one to three business days depending on the fund an investor wishes to redeem.
How can I increase my SIP amount in Groww Mutual Funds?
You can increase your SIP contribution on the Groww website or Upstox app. You just need to sign in and enter the new SIP amount.
How to redeem Groww Mutual Funds online?
To redeem a fund, visit the Upstox app or AMC website. There, choose the mutual fund you want to redeem and follow the steps mentioned there.
How to start a SIP with Groww Mutual Funds online?
To start a SIP, head to the AMC website or Upstox app and choose the fund you want to invest in. Then you need to choose the investment amount and get started.
Are there any redemption charges for Groww Mutual Funds?
The redemption charges for a mutual fund vary from fund to fund. You need to check the scheme documents to know the exact charges and terms.
Should I invest in the Groww Mutual Fund scheme?
To invest or not depends on the investors investment horizon, risk tolerance and financial objectives. To make an informed choice, you can talk to a financial advisor.
What are the tax implications on Groww Mutual Fund returns?
The gains on fund units that are sold within a year of purchasing are known as short-term capital gains and are taxed at 20%. Gains are known as long-term capital gains if investors hold on to the investment for more than a year. Gains are tax-free up to Rs 1.25 lakh each fiscal year. Gains over this amount are taxed at 12.5%.
Which is the best Groww Mutual Fund?
Your investment horizon, risk tolerance and financial objectives all determine the best fund for you. You must consider factors like the fund's investment strategy, management experience and historical performance to select the best option.