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Groww Mutual Funds

Groww Mutual Funds

About This AMC

Groww Mutual Fund was established in April 2008, as a Trust sponsored by Groww Invest Tech Private Limited (formerly known as Nextbillion Technology Private Limited). It was in March 2011 when Groww Asset Management Limited, got a green signal from SEBI to commence its mutual fund business and operations as Groww Mutual Fund.

Currently, Mr. Varun Gupta is the Managing Director & CEO of Groww Mutual Fund. Groww acquired the mutual fund business of Indiabulls Housing Finance (IBHFL) on May 3, 2023 and the closure of the transaction happened almost two years after Groww signed a definitive agreement in May 2021 to acquire the mutual fund business.

Groww Mutual Fund offers 13 schemes across different categories and has an AUM of 

₹666 crore.

As of April 2024

Schemes

13

AUM

₹656 Cr

AUM growth

-₹10 Cr

Fund managers

6

Explore Groww Mutual Funds

NameFund sizeExpense Ratio1 Y3 Y
Groww Value Fund Direct Growth
Groww Value Fund Direct Growth

Value Very High Risk

₹18 Cr0.9%41.9%21.1%
Groww ELSS Tax Saver Fund Direct Growth
Groww ELSS Tax Saver Fund Direct Growth

ELSS (Tax Savings) Very High Risk

₹45 Cr0.55%38.5%19.6%
Groww Large Cap Fund Direct Growth
Groww Large Cap Fund Direct Growth

Large-Cap Very High Risk

₹120 Cr0.6%35.2%18.4%
Groww Aggressive Hybrid Fund Direct Growth
Groww Aggressive Hybrid Fund Direct Growth

Aggressive Allocation Very High Risk

₹41 Cr0.85%29.0%16.2%
Groww Liquid Fund Direct Growth
Groww Liquid Fund Direct Growth

Liquid Low to Moderate Risk

₹212 Cr0.1%7.3%5.5%
Groww Overnight Fund Direct Growth
₹28 Cr0.08%6.7%5.2%
Groww Short Duration Fund Direct Growth
Groww Short Duration Fund Direct Growth

Short Duration Moderate Risk

₹38 Cr0.4%6.6%5.1%
Groww Dynamic Bond Fund Direct Growth
Groww Dynamic Bond Fund Direct Growth

Dynamic Bond Moderate Risk

₹37 Cr0.45%6.0%5.1%
Groww Arbitrage Fund Direct Growth
Groww Arbitrage Fund Direct Growth

Arbitrage Fund Low Risk

₹2 Cr0.44%5.8%3.9%
Groww Nifty Total Market Index Fund Direct Growth
₹131 Cr0.25%%%
View all Groww Mutual Funds

Top Groww Fund Managers

VG

Veekesh Gandhi

-

AUM

1

Schemes

₹259 Cr

AUM

7

Schemes

₹421 Cr

AUM

8

Schemes

KS

Karan Singh

₹6 Cr

AUM

2

Schemes

MB

Madhu Babu

₹220 Cr

AUM

4

Schemes

AJ

Abhishek Jain

₹152 Cr

AUM

2

Schemes

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All about Groww Mutual Funds

Key Information

Mutual Fund NameGroww Mutual Fund
Asset Management Company NameGroww Asset Management Limited
AMC Setup DateMarch 24, 2011
AMC Incorporation DateApril 10, 2008
Sponsor NameGroww Invest Tech Private Limited
Name Of Trustees

Mr. Hemanta Kumar Pradhan - Director

Mr. Rajinder Singh Loona - Director

Mr. Ashutosh Naik - Director

Mr. Sushil Solanki - Director

CIONA
MD And CEOMr. Varun Gupta
Compliance OfficerMr. Hemal Zaveri
Investor Service OfficerMr. Krishnam Thota
Updated As OfApril 2024