Groww Mutual Fund
AUM
₹ 1,832.6 cr.
AMC Age
16 Years
No. Of Schemes
77
Groww Mutual Fund is known for its innovative approach to providing diverse investment solutions tailored to investors' varying needs. Their core philosophy is based on 4 key principles: Transparency, Simplicity, Consistency, and Customer Satisfaction.
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About Groww Mutual Fund
- About the Fund
- Key Information
- Types Of Funds
- Charges & Fees
- Risk Factors
Groww Mutual Fund, managed by Groww Asset Management Limited, is a prominent player in India's mutual fund industry. Backed by advanced technology and a customer-centric approach, the fund house focuses on providing transparent and efficient solutions for both seasoned and first-time investors.
Key Features
- Groww Mutual Fund offers a variety of schemes across asset classes, catering to the diverse financial goals of investors.
- Leveraging a seamless digital interface, Groww enables hassle-free investment, tracking, and management of portfolios.
- In 2022, Groww acquired Indiabulls Mutual Fund, enhancing its portfolio offerings and strengthening its position in the mutual fund space.
- Serving millions of investors across the country, Groww Mutual Fund has gained trust by maintaining high standards of transparency and simplicity.
Documents Required
To invest in Groww Mutual Fund, investors must complete the Know Your Customer (KYC) process and submit the required documents. Below is a list of documents based on investor type:
KYC Application Form: Completed and signed CKYC application form
In-Person Verification (IPV) – Mandatory for KYC compliance.
Bank Account Details – Canceled cheque or bank statement for linking the investment account.
Nomination Form (optional but recommended)
Proof of Identity (Any one of the following, self-attested):
- PAN Card (mandatory for investments above ₹50,000 per year)
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- NREGA Job Card (duly signed by a State Government officer)
Proof of Address (Anyone, except PAN card):
- Aadhaar Card
- Passport
- Voter ID
- Driving License
- Utility Bills (not older than 3 months)
- Bank Account Statement/Passbook (not older than 3 months)
Investors are advised to contact Groww Mutual Fund’s customer service or visit its official website for any modifications, redemptions, or complaints.
Groww Mutual Fund Managers
Mr. Kaustubh Sule
Mr. Saptarshee Chatterjee
Mr. Wilfred Peter Gonsalves
Mr. Nikhil Satam
How To Invest In Groww Mutual Fund With Choice?
Groww Mutual Fund FAQs
The best Groww Mutual Fund depends on your financial goals and risk tolerance. Equity funds are ideal for long-term capital growth, debt funds provide stability, and hybrid funds balance risk and reward. Through Choice FinX, you can access detailed research tools and conduct in-depth fundamental and technical analysis to make informed investment decisions.
Groww Mutual Fund schemes are subject to taxation based on the type of fund and investment duration. Equity fund gains are taxed at 20% (short-term) and 12.5% (long-term if gains exceed 1.25 lakh annually). Debt fund gains are taxed per your income slab. ELSS funds offer tax benefits under Section 80C.
To invest in Groww Mutual Fund, you need a PAN card, Aadhaar, proof of identity, proof of address, and a linked bank account. Completing the KYC process is mandatory. Non-individual investors may require additional documents, all of which can be uploaded digitally on the Choice FinX platform.
On Groww, the minimum amount required for a lump sum investment in most mutual funds is 500. Similarly, for Systematic Investment Plans (SIPs), the minimum investment amount is typically 500.
Returns are calculated based on the Net Asset Value (NAV). The formula is:
Returns (%) = [(Current NAV - Initial NAV) / Initial NAV] × 100
For SIPs, returns are calculated using the XIRR (Extended Internal Rate of Return) method. Choice offers real-time NAV tracking and return calculators to help investors monitor their performance.
Yes, you can switch between Groww Mutual Funds through Choice FinX. The platform allows smooth switching between schemes, but it’s essential to consider exit loads and tax implications depending on the duration of your investment.
Charges include the Expense Ratio, Exit Load on early redemption, and Transaction Fees for investments exceeding a specified limit. Direct plans, available on Choice FinX, have lower costs compared to regular plans, making them a cost-effective choice for investors.
No, a Demat account is not required to invest in Groww Mutual Funds via Choice FinX. You can invest directly through the platform. However, if you prefer to hold mutual fund units in electronic format, open a Choice Demat account.
You can access your Groww Mutual Fund statement directly through the Portfolio section on the Choice FinX platform. Alternatively, statements are available via the Groww Mutual Fund website, email requests, or through CAMS/Karvy portals.
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