This is the Regular plan of Groww Liquid Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
NAV history
Scorecard
★★★☆☆3/5 vs 42 of 45 Liquid Fund peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
How this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Liquid Fund (same plan and option). 42 of the 45 Liquid Funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +6.86% · ranks 8 of 39 Liquid Funds
Volatility 0.2% vs 0.2% category avg
0.2% expense vs 0.3% category avg
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Low expense ratio (0.21%) vs the Liquid Fund average of 0.26%
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk
Fund vs category average (Liquid Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +0.47% | +0.45% | +0.02% |
| 3M abs | +1.52% | +1.49% | +0.03% |
| 6M abs | +3.22% | +3.19% | +0.03% |
| 1Y CAGR | +6.40% | +6.27% | +0.13% |
| 3Y CAGR | +6.86% | +6.73% | +0.13% |
| 5Y CAGR | +6.19% | +6.18% | +0.01% |
Category average across peers in Liquid Fund (up to 45 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Category rank
Vs 45 peers in Liquid Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
60 monthly installments of ₹10,000 into Groww Liquid Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | |
|---|---|---|
| 2026part | +4.93% | |
| 2025 | +6.55% | |
| 2024 | +7.36% | |
| 2023 | +6.77% | |
| 2022 | +4.58% | |
| 2021 | +3.13% | |
| 2020 | +3.87% | |
| 2019 | +6.56% | |
| 2018 | +7.30% | |
| 2017 | +6.74% |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in.
Taxation
Taxed as debtThis is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.
Your income-tax slab — no LTCG or indexation benefit
Pick your slab to see the rate that applies to you.
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Debt88.80%
- Cash & Equivalents11.20%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹263.32Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Groww Mutual Fund is the asset management arm of the Groww investing platform, which acquired Indiabulls Mutual Fund in 2023 and rebranded it. The house leans towards low-cost index and passive schemes alongside a small active line-up.
Fund Managers
WGWilfred Peter GonsalvesStart date not disclosed
CA, B. Com from Mumbai University
Wilfred has over 7 years of experience in Investment Management, with a strong background in credit analysis, macroeconomics, fixed income, and gold. At Whiteoak Capital, where he worked for 1.5 years, Wilfred specialized as a dealer in Fixed Income securities and supported Gold ETF units trading. Prior to this, he served as a Fixed Income Dealer at Edelweiss Tokio Life Insurance for 3 years, where his responsibilities included Fixed Income trading and portfolio management. Additionally, at L&T Finance, Wilfred was part of the Deal Origination team for 2 years, conducting in-depth credit analysis to support investment decisions."
KSKaustubh SuleManaging since 11 May 2023
Senior – Fund Manager
B.E.(Computer) MBA(Finance)
Mr. Kaustubh has worked in Fixed Income trading and portfolio management for almost 14 years and 3 years in the IT industry as a software engineer. He has worked with Hexaware Technologies, Union Bank of India, Reliance Life insurance, HDFC Life insurance. He was working with Axis Asset Management Company as Fund Manager- Fixed Income before joining Groww. Place: Mumbai Date: June 03, 2026 Changes Appointed w.e.f July 31, 2026 Cessation w.e.f July 31, 2026 & Investor Cessation w.e.f July 31, 2026 Place: Mumbai Date: July 31, 2026
Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Groww in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Liquid funds
Liquid funds invest in very short-term debt (maturing within 91 days). They're used to park money for days or weeks — low risk and easy to redeem, but low return too.
Frequently asked questions
What is the NAV of Groww Liquid Fund?
As of 04 Oct 2026, the NAV of Groww Liquid Fund is ₹2,727.20 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Groww Liquid Fund delivered?
Groww Liquid Fund has returned +6.40% over 1 year, +6.86% per year over 3 years, +6.19% per year over 5 years and +6.94% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Groww Liquid Fund?
Groww Liquid Fund charges an expense ratio of 0.21% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Groww Liquid Fund?
Groww Liquid Fund's largest holdings are Indian Bank 06-NOV-2026 (7.8%), NABARD 15-SEP-2026 (6.5%), ICICI Bank Limited 15-SEP-2026 (6.5%), Punjab National Bank 15-SEP-2026 (6.5%) and Canara Bank 15-SEP-2026 (6.5%). Holdings are disclosed monthly and change over time.
How risky is Groww Liquid Fund?
Groww Liquid Fund is rated low on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 0.2% and its worst peak-to-trough fall in our sample was -0.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What is the benchmark of Groww Liquid Fund?
Groww Liquid Fund is benchmarked against the CRISIL Liquid Debt A-I Index. Its alpha and beta on this page are measured against that index.
Who manages Groww Liquid Fund?
Groww Liquid Fund is managed by Wilfred Peter Gonsalves and Kaustubh Sule at Groww.
How is Groww Liquid Fund taxed?
Groww Liquid Fund is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.