Groww Mutual Fund

Groww Mutual Fund

Groww Mutual Fund has become a significant player in the Indian investing landscape in a time of financial innovation and digitalization. Groww has quickly become well-known for its streamlined platform that makes investing in mutual funds less complicated.

Best Groww Mutual Fund

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Groww Mutual Fund has become a significant player in the Indian investing landscape in a time of financial innovation and digitalization. Groww has quickly become well-known for its streamlined platform that makes investing in mutual funds less complicated. View More

Groww is a technologically advanced investment platform that links users to a broad selection of mutual funds. The main objective of the funds is to make investing simple, convenient, and understandable for people from different financial backgrounds. Here are a few significant features of Groww Mutual Fund:

1. Zero Commission

Groww doesn’t charge commissions or brokerage fees for purchases of mutual funds. This open strategy makes sure that undisclosed fees won’t reduce the investor’s returns.

2. Wide Fund Selection

Investors can diversify their portfolios with Groww’s access to a wide range of mutual funds, including equities funds, debt funds, hybrid funds, and more.

3. SIP and Lump Sum Investments

Depending on their interests and financial objectives, investors can select between Systematic Investment Plans (SIPs) and lump sum investments.

4. Security

Groww maintains a secure trading environment by adhering to strict security protocols to safeguard users’ financial and personal information.

Groww Mutual Fund Fund Managers Details

Four different types of fund managers, each specialized in particular asset classes, are available in Groww Mutual Funds:

1. Equity Fund Managers

These experts concentrate on managing funds that invest largely in stocks with the goal of maximizing capital growth.

2. Debt Fund Managers

Debt fund managers manage portfolios that are mostly made up of fixed-income assets with the goal of giving investors stability and a steady stream of income.

3. Commodities Fund Managers

These managers focus on funds that invest in different commodities like gold, silver, or other raw resources, providing exposure to commodity markets and diversification.

4. Passive Fund Managers

Investors have a low-cost, passive investment alternative thanks to the management of index funds and exchange-traded funds (ETFs) that mimic the performance of a particular market index.

Skilled fund managers are the driving force behind every successful mutual fund, making important investment decisions. Groww Mutual Fund oversees its different mutual fund schemes with the assistance of some of the top fund managers in the business.

Mutual Fund Key Information

  • Mutual Fund Name
  • Groww Mutual Fund
  • Name of the Asset Management Company
  • Groww Asset Management Limited.
  • Name of Sponsor
  • Nextbillion Technology Pvt. Ltd.
  • Date of Foundation
  • March 24, 2011
  • MD and CEO
  • Mr. Varun Gupta

Groww Mutual Fund Managers

Sankaran Naren - Investment Team - Fund Manager

Mr Sankaran is in charge of the investment function for the Mutual Fund and International Advisory Business. He graduated from IIT Madras and IIM Kolkata and has worked in the financial services industry in a variety of capacities. In his twelve years as a fund manager, he has managed 29 funds.

Harsha Upadhyaya - Fund Management and Equity Research - Fund Manager

Harsha Upadhyaya has 23 years of experience in the field. He is a Certified Treasury Analyst and Treasury MBA at the Indian Institute of Management in Lucknow. He also holds a bachelor’s degree in mechanical engineering from the National Institute of Technology of Suratkal. Mr Upadhyaya has been involved in fund management and equity research for over 20 years. As of March 2019, he currently manages over Rs. 625 billion in assets and manages funds.

How to Invest in Groww Mutual Funds?

You can invest in Groww Mutual Funds through the 5paisa website or app. The platform’s user-friendly interface makes investing in Groww Mutual Funds a simple process. View More

Here is how to get going:

1. Registration

Start by visiting their website or downloading the 5paisa app. Enter your basic information to create an account.

2. KYC Verification

By providing the information from your Aadhar card, PAN card, and photo, you can finish the Know Your Customer (KYC) verification process.

3. Risk Assessment

5paisa can assist you in determining your financial objectives and risk tolerance. In order to select the best mutual funds for your portfolio, you must complete this step.

4. Select Funds

Browse Groww’s selection of mutual funds and pick the ones that best suit your financial aims. Each fund’s specific details, such as past performance and portfolio makeup, are available.

5. Investment Mode

Choose whether you wish to create a Systematic Investment Plan (SIP) or invest in a lump sum.

6. Payment

Integrate the 5paisa app with your bank account for smooth transactions. You can invest through net banking, UPI, or other payment options.

7. Monitor and Track

Once you’ve made a mutual fund investment, 5paisa lets you keep an eye on and manage the performance of your portfolio, as you invest in the 5paisa app. You can adapt as necessary to stay on track with your financial objectives.

Top 10 Groww Mutual Fund to Invest

  • Fund Name
  • Min SIP Investment Amt
  • AUM (Cr.)
  • 3Y Return

Groww ELSS Tax Saver Fund – Direct Growth is an ELSS scheme that was launched on 28-12-17 and is currently under the management of our experienced fund manager Sumit Bhatnagar. With an impressive AUM of ₹44 Crores, this scheme's latest NAV is ₹20.44 as of 12-04-24.

Groww ELSS Tax Saver Fund – Direct Growth scheme has delivered a return performance of 42.4% in the last 1 year, 18.8% in the last 3 years, and an 12.1% since its launch. With a minimum SIP investment of just ₹500, this scheme offers a great investment opportunity for those looking to invest in ELSS funds.

  • Min SIP Investment Amt
  • ₹500
  • AUM (Cr.)
  • ₹44
  • 3Y Return
  • 42.4%

Groww Aggressive Hybrid Fund – Direct Growth is an Aggressive Hybrid scheme that was launched on 13-12-18 and is currently under the management of our experienced fund manager Sumit Bhatnagar. With an impressive AUM of ₹40 Crores, this scheme's latest NAV is ₹21.1266 as of 12-04-24.

Groww Aggressive Hybrid Fund – Direct Growth scheme has delivered a return performance of 31.4% in the last 1 year, 15.6% in the last 3 years, and an 15.2% since its launch. With a minimum SIP investment of just ₹100, this scheme offers a great investment opportunity for those looking to invest in Aggressive Hybrid funds.

  • Min SIP Investment Amt
  • ₹100
  • AUM (Cr.)
  • ₹40
  • 3Y Return
  • 31.4%

Groww Liquid Fund – Direct Growth is an Liquid scheme that was launched on 01-01-13 and is currently under the management of our experienced fund manager Karan Singh. With an impressive AUM of ₹196 Crores, this scheme's latest NAV is ₹2346.4553 as of 12-04-24.

Groww Liquid Fund – Direct Growth scheme has delivered a return performance of 7.2% in the last 1 year, 5.3% in the last 3 years, and an 6.8% since its launch. With a minimum SIP investment of just ₹100, this scheme offers a great investment opportunity for those looking to invest in Liquid funds.

  • Min SIP Investment Amt
  • ₹100
  • AUM (Cr.)
  • ₹196
  • 3Y Return
  • 7.2%

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Frequently Asked Questions

What is Groww Mutual Fund?

Groww Mutual Fund provides investors with access to many mutual funds. Investors can browse and make investments in a variety of mutual fund schemes using the user-friendly interface it offers.

What are the benefits of utilizing Groww to purchase mutual funds?

Investors will find Groww to be easy because of its user-friendly interface, zero-commission investment, large range of funds, and secure setting.

Who manages the Groww Mutual Funds?

Leading asset management businesses employ seasoned fund managers to oversee Groww Mutual Funds. Investment choices are made for each scheme by the fund managers.

Can I track my investments and performance on the Groww platform?

Yes, if you invest in Groww mutual funds through the 5paisa app, it will help you keep an eye on and track the progress of your investments. You can view your portfolio, look up past results, and make the required changes.

How can I invest in Groww Mutual Funds?

You can download the 5paisa app or go to their website to invest in Groww Mutual Funds. After setting up an account and completing the KYC procedure, you can choose your preferred mutual funds and make a lump sum or SIP investment.

What varieties of mutual funds are offered by Groww?

Equity funds, debt funds, hybrid funds, and ELSS (Equity Linked Savings Scheme) funds are just a few of the different mutual fund kinds that Groww offers.

Which tax advantages come with investing in the Groww ELSS Tax Saver Fund?

Under Section 80C of the Income Tax Act, Groww ELSS Tax Saver Fund provides tax advantages. Up to a certain level, investors may deduct their investment from their income.

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