Groww Asset Management Ltd.

Groww Asset Management Ltd.

Groww Mutual Fund is a prominent fund house known for its innovative approach to providing investment solutions. It offers a wide range of financial products designed to meet the unique needs and goals of its investors. The core philosophy of Groww Mutual Fund is based on simplicity, transparency, consistent wealth creation, and a customer-focused approach. Their focus is on identifying investment opportunities that combine high growth potential with strong fundamentals. Managed by Groww Trustee Limited and sponsored by Groww Invest Tech Pvt Ltd, the fund offers a diverse portfolio of investment options, including equity funds, hybrid funds, debt funds, and ETFs.

List of Groww Asset Management Ltd. in India

Fund Name

Rating

1Y Return

3Y Return

Fund Size (in Cr)

Groww ELSS Tax Saver Direct Growth

2

18.17%

15.71%

₹50.04 Cr

Groww Value Fund Direct Growth

2

12.00%

14.90%

₹46.71 Cr

Groww Large Cap Fund Direct Plan Growth Option

3

13.09%

13.08%

₹127.19 Cr

Groww Aggressive Hybrid Fund Direct Growth

3

12.78%

11.99%

₹46.02 Cr

Groww Liquid Fund Direct Plan Growth Option

NA

7.46%

6.36%

₹147.21 Cr

Groww Short Duration Fund Direct Growth

4

8.19%

6.07%

₹59.11 Cr

Groww Overnight Fund Direct Growth

NA

6.68%

5.90%

₹25.40 Cr

Groww Dynamic Bond Direct Growth

3

8.38%

5.89%

₹57.45 Cr

Groww Nifty Non-Cyclical Consumer Index Fund Direct Growth

NA

-

-

₹45.62 Cr

Groww Multi Cap Fund Direct Growth

NA

-

-

-

Groww Multicap Fund Direct Payout Inc Dist cum Cap Wdrl

NA

-

-

-

Groww Nifty India Defence ETF FoF Direct Payout Inc Dist cum Cap Wdrl

NA

-

-

₹26.96 Cr

Groww Multicap Fund Direct Growth

NA

-

-

-

Groww Gold ETF FOF Direct Payout Inc Dist cum Cap Wdrl

NA

-

-

₹14.80 Cr

Groww Gold ETF FOF Direct Growth

NA

-

-

₹14.80 Cr

Groww Nifty India Defence ETF FoF Direct Reinvestment Inc Dist cum Cap Wdrl

NA

-

-

₹26.96 Cr

Groww Nifty Smallcap 250 Index Fund Direct Growth

NA

-

-

₹95.02 Cr

Groww Nifty EV & New Age Automotive ETF FoF Direct Growth

NA

-

-

₹109.75 Cr

Groww Nifty Total Market Index Fund Direct Growth

NA

14.95%

-

₹254.89 Cr

Groww Multicap Fund Direct Reinvestment Inc Dist cum Cap Wdrl

NA

-

-

-

Key information about groww mutual funds

Mutual fund name

Groww Mutual Fund

Asset Management Company Name

Groww Asset Management Ltd.

AMC Setup Date

24-Mar-2011

AMC Incorporation Date

10-Apr-2008

Sponsor Name

Groww Invest Tech Private Limited (formerly known as Nextbillion Technology Private Limited)

Trustee Organisation

Groww Trustee Limited

MD & CEO

Mr. Varun Gupta

Compliance Officer

Mr. Hemal Zaveri

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How can you invest in groww mutual funds Mutual Funds

To invest in groww mutual funds Mutual Funds through the Lemonn App, you can follow these general steps:


Step 1 : Download the Lemonn App

If you haven't already, download the Lemonn App from the Google Play Store or Apple App Store.


Step 2 : Sign up / Log in

Sign up by providing your phone number and completing the basic registration process.

If you already have an account, simply log in.


Step 3 : Complete KYC

Before investing, ensure your KYC (Know Your Customer) verification is complete. Most mutual fund apps will guide you through this. You’ll need PAN, Aadhaar, and other necessary details.


Step 4 : Search for groww mutual funds Mutual Funds

Once your KYC is done, search for the groww mutual funds Mutual Fund schemes you're interested in by using the search bar.


Step 5 : Choose a Scheme

You will see a list of various funds under groww mutual funds. Explore the options, check their performance, risk profile, and investment objectives.

Choose a scheme that aligns with your investment goals (e.g., equity, debt, hybrid funds).


Step 6 : Decide on the Investment Amount

You can either make a lump sum investment or set up a SIP (Systematic Investment Plan) to invest a fixed amount periodically.


Step 7 : Confirm the Investment

Enter the amount you wish to invest.

Review the details and confirm the payment method (Net Banking, UPI, etc.).

After making the payment, you will receive a confirmation of your investment.


Step 8 : Track Your Investment

You can track the performance of your groww mutual funds Mutual Funds on the Lemonn App dashboard. It will show NAV, returns, and other key details.


If you need any assistance, the Lemonn App usually has customer support or chat options to help. Keep an eye on expenses like entry/exit loads and expense ratios to optimize returns!

Top Fund Managers

Mr. Anupam Tiwari (Head of Equity)
Mr. Anupam has 18 years of extensive experience in the Mutual Fund industry. He began his career as an Equity Analyst at Reliance Mutual Fund, where he worked for 5 years. He then held positions as an Equity Fund Manager at Reliance Life Insurance Company, Principal at PNB Asset Management Company, and most recently, with Axis Asset Management Company before joining Groww.

Kaustubh Sule (Senior Fund Manager - Fixed Income)
Kaustubh is an experienced Senior Fund Manager - Debt at Groww Asset Management Limited, having been with the company since its inception in May 2023. With 17 years of experience, he specializes in Fixed Income Strategies, including money market, macro, and duration strategies. Kaustubh began his career in investment management as a Fixed Income Trader at Union Bank of India's Treasury Desk. He further honed his expertise at Nippon Life and HDFC Life before joining Axis AMC as a Fund Manager - Fixed Income, where he managed medium- and long-term Fixed Income strategies. He holds a B.E. in Computer Engineering from PICT, Pune University, and an MBA in Finance from VGSoM, IIT Kharagpur, giving him a solid technical and financial foundation. Over the years, Kaustubh has actively traded a variety of fixed income instruments, including government securities, corporate bonds, interest rate swaps, and interest rate futures.

Mr. Karan Singh (Fund Manager- Fixed Income)
Mr. Karan Singh has over 15 years of experience in Fixed Income Fund Management and is a well-established professional in the Indian financial market. He previously served as the Head of Fixed Income Research at Indiabulls Asset Management. Mr. Singh completed his Bachelor's Degree in Economics from Delhi University in 1996 and furthered his education at the Indian Institute of Finance. He also completed CFA Level 1 from the CFA Institute and studied economics at the University of Melbourne's Faculty of Business and Economics. He began his career as an Intern Analyst at IL&FS AMC Ltd. in 2002. Following his internship, he was appointed Analyst for Fund Management and Fixed Income at Escorts AMC. He then joined ICRA Ltd. as a Senior Analyst in the Banking and Finance department, before moving to Fidelity Investments as an Associate for Fixed Income. In October 2008, Mr. Singh joined Religare Aegon AMC Ltd. as an Analyst in the Fixed Income department. After three years, he transitioned to DIOS Capital Advisors LLC in 2012 as Director/Strategist. He also served as the Strategist for Fixed Income at Taurus Group in Mumbai.

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FAQs

1.Should I invest in a Groww Mutual fund scheme?

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Whether you should invest in Groww Mutual Funds or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.

2.How to Start a Groww Mutual Fund SIP online?

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There are two ways to start a Groww Mutual Fund SIP. For a hassle-free investing experience, you can invest in Groww Mutual Fund SIP online through the Lemonn App. Alternatively, you can start investing in Groww Mutual Fund SIP online through Groww Mutual Fund AMC official website.

3.How to redeem Groww Mutual funds Online?

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There are two ways of doing this. You can initiate your redemption request by Lemonn App. Alternatively, you can also redeem your investments by visiting the Groww Mutual Fund AMC website.

4.How much time does it take to redeem the Groww Mutual funds?

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The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.

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