Groww Multicap Fund
This is the Regular plan of Groww Multicap 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.
Performance
Scorecard
★★★★★5/5 vs 32 Multi Cap Fund peers1Y- 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 Multi Cap Fund (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers.
Not enough Multi Cap Fund peers to rank yet
Volatility 15.6% vs 14.9% category avg
2.7% expense vs 2.4% category avg
Not enough history for a rolling 3Y view
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Ahead of the Multi Cap Fund average on 1M/3M/6M/1Y — 1Y by 12.14pp
- Ranks #1 of 32 on 1-year return in its Multi Cap Fund cohort
Concerns
- High expense ratio (2.70%) vs the Multi Cap Fund average of 2.38%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Multi Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -3.28% | -4.91% | +1.63% |
| 3M abs | +2.69% | -1.77% | +4.46% |
| 6M abs | +22.67% | +12.64% | +10.03% |
| 1Y CAGR | +14.72% | +2.58% | +12.14% |
| 3Y CAGR | — | +12.16% | — |
| 5Y CAGR | — | +11.90% | — |
Category average across peers in Multi Cap Fund (up to 32 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 32 peers in Multi Cap Fund
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
12 monthly installments of ₹10,000 into Groww Multicap 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 | Nifty 500 TRI | Diff | |
|---|---|---|---|---|
| 2026part | +11.36% | -7.18% | +18.54% | |
| 2025 | +7.06% | +7.94% | -0.88% | |
| 2024part | -0.79% | — | — |
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; those years show no benchmark comparison.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Fund manager change — Anupam Tiwari stepped away05 Oct 2026
- Expense ratio down: 2.77% → 2.70%02 Oct 2026
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
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- Equity94.22%
- Cash & Equivalents5.78%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹541.87Cr 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.
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
SCSaptarshee ChatterjeeStart date not disclosed
Senior Research Analyst
• CFA Level 3 passed • PGDM (Finance) from IIM Indore BE (E.T.C.E)
Mr. Saptarshee Chatterjee has 8 years of overall experience as an analyst. Prior to joining GMF, he was associated with Centrum Wealth Management Limited & Edelweiss Financial Services Limited.
GTGagan TharejaStart date not disclosed
NSNikhil SatamManaging since 22 Jul 2026
B. Com & Masters in Finance (MFM)
Mr. Nikhil Satam has over 11 years of work experience in the financial services industry. Since FOF June 2023, he has been working as an Equity dealer in existing equity schemes of Groww Asset Management Ltd. (Groww AMC), wherein he handles all active and passive scheme dealings. Additionally, he is also working as a backup Fund Manager for passive schemes. Prior to joining Groww AMC, he was associated with Groww Invest Tech Private Ltd (formerly known as Nextbillion Technology Pvt. Ltd). Earlier, he worked with Motilal Oswal and Kotak Securities as an Equity Dealer.
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Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and 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.
Groww Value Fund among 5 value funds with highest cash holdings. Check details
The Economic Times · 4h ago
High oil prices biggest risk to corporate earnings: Anupam Tiwari, Groww MF
Business Standard · 10h ago
Groww Mutual Fund has declared change in the fund managers of its few schemes
Value Research · 5d ago
10 Best Investment Plan for Monthly Income 2026
Groww · 13d ago
Groww Arbitrage Fund(Ex) Regular-IDCW Monthly
The Economic Times · 15d ago
Peak XV Partners sells Rs 1,756 crore worth of Billionbrains Garage shares; Groww MF buys 0.6% stake in...
Moneycontrol.com · 18d ago
Groww Arbitrage Fund(Ex) Direct-IDCW Quarterly
The Economic Times · 29d ago
Groww Arbitrage Fund(Ex) Direct-IDCW Monthly
The Economic Times · 05 Sep 2026
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 Multi Cap funds
Multi cap funds must hold at least 25% each in large, mid and small-cap stocks at all times. The fixed minimums give more mid- and small-cap exposure than a flexi cap, and usually more volatility.
Frequently asked questions
What is the NAV of Groww Multicap Fund?
As of 01 Oct 2026, the NAV of Groww Multicap Fund is ₹11.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Groww Multicap Fund delivered?
Groww Multicap Fund has returned +14.72% over 1 year and +9.86% 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 Multicap Fund?
Groww Multicap Fund charges an expense ratio of 2.70% 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 Multicap Fund?
Groww Multicap Fund's largest holdings are TD Power Systems Limited (3.5%), Ather Energy Limited (2.9%), Ujjivan Small Finance Bank Limited (2.9%), Bharti Airtel Limited (2.7%) and APAR INDUSTRIES LTD (2.6%). Holdings are disclosed monthly and change over time.
How risky is Groww Multicap Fund?
Groww Multicap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 15.6% and its worst peak-to-trough fall in our sample was -16.8%. 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 Multicap Fund?
Groww Multicap Fund is benchmarked against the Nifty 500 Multicap 50:25:25 Index - Total Return Index. Its alpha and beta on this page are measured against that index.
Who manages Groww Multicap Fund?
Groww Multicap Fund is managed by Saptarshee Chatterjee, Gagan Thareja and Nikhil Satam at Groww.
How is Groww Multicap Fund taxed?
Groww Multicap Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.