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.
| 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 |
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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.
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Abhishek Jain
Fund Manager since Jul 2024 (9 months)
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Abhishek Jain, a BA and Chartered Accountant, has 12 years of experience in the equity market. Currently a fund manager at Groww mutual funds. He previously served as a Senior Dealer at Edelweiss Tokio Life Insurance and has worked with Acko General Insurance and Shriram Asset Management Co Ltd.
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:
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.
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:
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.
| 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.
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.
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.
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.
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.
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.
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.
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.
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.
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