Groww Mutual Fund: Top Schemes, SIP & Returns Guide
Groww Mutual Fund manages ₹6,969.90 crore across 39 schemes. Discover top-ranked funds, compare returns and risk metrics, and learn how to invest.
Groww Mutual Fund, incorporated on 10 April 2008 and sponsored by Groww Invest Tech Pvt Ltd, manages ₹6,969.90 crore in assets across 39 schemes. The fund house is built on the values of simplicity, transparency, and customer-first wealth creation, offering equity, hybrid, debt, and ETF products to suit a wide range of investor needs.
Key takeaways
- Total AUM of ₹6,969.90 crore across 39 schemes
- Incorporated on 10 April 2008; the AMC is 18 years old
- Sponsor: Groww Invest Tech Pvt Ltd; Trustee: Groww Trustee Limited; CEO: Varun Gupta
- Fund range covers equity, index funds, commodity FoFs, sectoral themes, and a liquid fund
- Top-ranked funds include the Silver ETF FoF (1Y: 82.16%), Gold ETF FoF (1Y: 41.16%), and Multicap Fund (1Y: 18.68%)
About Groww Mutual Fund
Groww Mutual Fund has been operating for 18 years since its incorporation on 10 April 2008. The AMC is headquartered at One World Centre, Lower Parel, Mumbai, and currently manages a total AUM of ₹6,969.90 crore spread across 39 schemes. Varun Gupta serves as CEO, with Mr. Hemal Zaveri as Compliance Officer.
The fund house's investment philosophy is anchored in four principles: simplicity, transparency, consistent wealth creation, and a strong customer focus. Its investment approach targets high-growth opportunities where strong business fundamentals provide a foundation for long-term returns.
Groww Trustee Limited acts as the trustee organisation, and Groww Invest Tech Pvt Ltd is the sponsor.
| Field | Detail |
|---|---|
| Total AUM | ₹6,969.90 crore |
| Number of schemes | 39 |
| AMC age | 18 years |
| Incorporation date | 10 April 2008 |
| Sponsors | Groww Invest Tech Pvt Ltd |
| Trustee organisation | Groww Trustee Limited |
| CEO | Varun Gupta(Chief Executive Officer) |
| Compliance officer | Mr. Hemal Zaveri |
| Address | 505 – 5th Floor, Tower 2B, One World Centre, Near Prabhadevi Railway Station, Lower Parel, Maharashtra Mumbai 400013 |
What Schemes Does Groww Mutual Fund Offer?
Groww Mutual Fund's lineup spans several asset classes, giving investors a broad range of options:
- Equity funds – large-cap, multi-cap, value, and sectoral/thematic options
- Index funds – tracking benchmarks such as Nifty Next 50 and BSE Power
- Fund of Funds (FoFs) – commodity-linked (Gold, Silver) and thematic (Defence, Power)
- Hybrid funds
- Debt funds – including a liquid fund for short-term needs
- ETFs
Top 10 Groww Mutual Fund Schemes by Returns
The funds below are ranked by Invo Wealth's internal quality score; the table shows underlying return and risk figures.
Performance data as of 5 September 2026.
| Fund | Sub-category | 6M CAGR | 1Y CAGR | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Groww Silver ETF FOF | Fund of Funds (FoF) | -19.07% | 82.16% | -- | -- |
| Groww Gold ETF FOF | Fund of Funds (FoF) | -7.70% | 41.16% | -- | -- |
| Groww Nifty Next 50 Index Fund | Index Fund | 15.91% | 8.32% | -- | -- |
| Groww Multicap Fund | Multi Cap Fund | 39.85% | 18.68% | -- | -- |
| Groww Nifty India Defence ETF FOF | Fund of Funds (FoF) | 37.17% | 29.03% | -- | -- |
| Groww BSE Power ETF FOF | Fund of Funds (FoF) | 18.84% | 15.35% | -- | -- |
| Groww Banking & Financial Services Fund | Sectoral/Thematic Fund | 27.57% | 15.20% | -- | -- |
| Groww Liquid Fund | Liquid Fund | 6.93% | 6.40% | 6.89% | 6.14% |
| Groww Large Cap Fund | Large Cap Fund | -1.34% | 0.09% | 9.92% | 8.32% |
| Groww Value Fund | Value Fund | 9.82% | 2.31% | 12.27% | 10.28% |
All funds listed are Regular Plan - Growth option. CAGR = compound annual growth rate.
Reading the Return and Risk Data
A few highlights from the top 10:
- The Groww Silver ETF FOF leads on one-year returns at 82.16%, but also carries the highest volatility in this list at 67.92% and a steep maximum drawdown of -43.65%.
- The Groww Gold ETF FOF returned 41.16% over one year with comparatively lower volatility of 30.80% and a Sortino ratio of 1.56.
- The Groww Nifty India Defence ETF FOF delivered 29.03% over one year with a Sortino ratio of 0.97 and a max drawdown of -27.04%.
- The Groww Multicap Fund posted 18.68% over one year and 39.85% over six months, with volatility of 18.81%.
- The Groww Liquid Fund offers stability — 6.40% over one year and 6.89% over three years — with near-zero volatility of 0.22% and a maximum drawdown of just -0.02%.
- For longer track records, the Groww Value Fund has returned 12.27% over three years and 10.28% over five years.
| Fund | ISIN | Mean 1Y rolling return | Volatility | Max drawdown (3Y) | Sortino ratio |
|---|---|---|---|---|---|
| Groww Silver ETF FOF | INF666M01KX5 | 101.59% | 67.92% | -43.65% | 1.51 |
| Groww Gold ETF FOF | INF666M01JA5 | 59.78% | 30.80% | -24.91% | 1.56 |
| Groww Nifty Next 50 Index Fund | INF666M01LW5 | 9.98% | 20.00% | -14.47% | 0.09 |
| Groww Multicap Fund | INF666M01JG2 | 14.52% | 18.81% | -16.78% | 0.89 |
| Groww Nifty India Defence ETF FOF | INF666M01IT7 | 22.87% | 33.53% | -27.04% | 0.97 |
| Groww BSE Power ETF FOF | INF666M01LQ7 | 15.72% | 23.68% | -15.58% | 0.51 |
| Groww Banking & Financial Services Fund | INF666M01HP7 | 8.64% | 19.35% | -16.72% | 0.59 |
| Groww Liquid Fund | INF666M01014 | 5.85% | 0.22% | -0.02% | -1.43 |
| Groww Large Cap Fund | INF666M01162 | 12.75% | 16.61% | -19.51% | 0.24 |
| Groww Value Fund | INF666M01BH7 | 15.23% | 16.42% | -17.03% | 0.45 |
How to Start Investing in Groww Mutual Fund
Getting started is straightforward. Sign up on Invo Wealth to access complete portfolio insights and invest in schemes that match your risk profile and financial goals. You can also invest directly through the fund house's official website or any SEBI-registered investment platform.
To grow your SIP contribution over time, the Step-up SIP (also called top-up SIP) feature allows you to raise the investment amount periodically. Use a Step-up SIP Calculator to model the impact before making changes. To cancel a running SIP, place a Cancel SIP request through the fund house's website using your folio number or via the platform where you invested.
Conclusion
Groww Mutual Fund brings 18 years of experience and ₹6,969.90 crore in AUM to a 39-scheme lineup spanning commodity FoFs, thematic and sectoral funds, multi-cap equity, index funds, and a low-risk liquid option. Whether you are targeting aggressive growth through silver or defence themes, or seeking steady short-term returns through a liquid fund, the range covers most investor risk profiles. Always weigh volatility, maximum drawdown, and Sortino ratio alongside raw returns before selecting a fund.
Frequently asked questions
How do I start a SIP in Groww Mutual Fund online?
You can start a Groww Mutual Fund SIP through Invo Wealth without any hassles. Alternatively, you can invest directly through the fund house's official website or any other SEBI-registered online platform or mobile application.
How is a Groww Mutual Fund SIP return calculated?
To estimate your SIP returns, you need four inputs: the monthly investment amount, the SIP tenure, the number of instalments already paid, and the expected rate of return. An online SIP calculator can use these inputs to project your maturity value.
How do I redeem my Groww Mutual Fund investment?
You can redeem online by logging in to the fund house's website with your folio number or through any investment portal where you hold units. For offline redemption, visit the nearest fund house branch and submit a redemption form.
Can I increase my SIP amount in Groww Mutual Fund?
Yes, Groww Mutual Fund offers a Step-up (or top-up) SIP facility that lets you raise your contribution periodically. It is advisable to confirm availability with the fund house and use a Step-up SIP Calculator to model the revised amounts before making changes.
How do I stop or cancel a Groww Mutual Fund SIP online?
You can cancel a Groww Mutual Fund SIP at any time by placing a Cancel SIP request. Log in to the fund house's website using your folio number, contact your investment agent, or use the online platform where you originally invested to process the cancellation.
Mutual fund investments are subject to market risks; read all scheme-related documents carefully. This article is for education only and is not investment advice. Past performance does not guarantee future returns. Invo Wealth is an AMFI-registered mutual fund distributor (ARN-368528).