HybridMulti Asset AllocationRegularGrowthHigh

Groww Multi Asset Allocation Fund

Q: What is the NAV of Groww Multi Asset Allocation Fund?

As of 01 Oct 2026, the NAV of Groww Multi Asset Allocation Fund is ₹9.79 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Groww Multi Asset Allocation Fund delivered?

Groww Multi Asset Allocation Fund has returned -2.21% over 1 year and -2.21% 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.

Q: What is the expense ratio of Groww Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund charges an expense ratio of 2.66% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Groww Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund's largest holdings are GROWW Gold ETF (12.2%), ICICI Bank Limited (4.0%), HDFC Bank Limited (3.8%), Reliance Industries Limited (3.0%) and Mahindra & Mahindra Limited (2.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Groww Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.1% and its worst peak-to-trough fall in our sample was -12.6%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Groww Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund is benchmarked against the Nifty 500 TRI (60%) CRISIL Composite Bond Fund Index (30%) Domestic Gold Prices (5%) Domestic Silver Prices (5%). Its alpha and beta on this page are measured against that index.

Q: Who manages Groww Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund is managed by Nikhil Satam, Wilfred Peter Gonsalves, Kaustubh Sule and Paras Matalia at Groww.

Q: How is Groww Multi Asset Allocation Fund taxed?

Groww Multi Asset Allocation 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.

Groww Mutual Fund · Best Multi Asset Allocation Mutual Funds

NAV

₹9.79

-0.68% 1D

as of 01 Oct 2026

This is the Regular plan of Groww Multi Asset Allocation 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.

Compare SIP calculator

Performance

-2.21%absolute

52-week rangePrev NAV ₹9.86

Latest ₹9.79

Low ₹9.4327th percentile of its 52-week rangeHigh ₹10.79

Scorecard

★☆☆☆☆1/5 vs 31 of 36 Multi Asset Allocation 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 Asset Allocation (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. 31 of the 36 Multi Asset Allocation funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Multi Asset Allocation peers to rank yet

RiskHigh

Volatility 12.1% vs 9.8% category avg

CostHigh

2.7% expense vs 2.2% category avg

Consistency—

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

No standout strengths identified.

Concerns

Trails the Multi Asset Allocation average on 1M/3M/6M/1Y — 1Y by 6.89pp
Ranks #30 of 31 on 1-year return in its Multi Asset Allocation cohort
More volatile than its Multi Asset Allocation peers (12.1% vs 9.8%)
High expense ratio (2.66%) vs the Multi Asset Allocation average of 2.17%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.66%

Category 2.17%▲0.49%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

20.01

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.71

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

If redeemed within 30 days from the date of allotment: 1%; If redeemed after 30 days from the date of allotment: NIL.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹500

Nifty 500 TRI (60%) CRISIL Composite Bond Fund Index (30%) Domestic Gold Prices (5%) Domestic Silver Prices (5%)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Oct 2025

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-4.71%

Absolute return over the last 3 months (not annualized)

-2.56%

Absolute return over the last 6 months (not annualized)

+1.46%

Absolute return since 1 Jan of this year (not annualized)

-5.35%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

-2.21%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

-2.21%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

12.07%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-12.63%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

—

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 50 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Multi Asset Allocation)

Period	Fund	Category avg.	Diff
1M abs	-4.71%	-3.68%	-1.03%
3M abs	-2.56%	-1.79%	-0.77%
6M abs	+1.46%	+3.35%	-1.89%
1Y CAGR	-2.21%	+4.68%	-6.89%
3Y CAGR	—	+12.97%	—
5Y CAGR	—	+11.80%	—

Category average across peers in Multi Asset Allocation (up to 36 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 36 peers in Multi Asset Allocation

1Y return

-2.21%

Beats 3.3% · rank #30

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.10L

Current value

₹1.06L

Absolute

-3.39%

XIRR

-7.96%

Value vs. invested

ValueInvested

11 monthly installments of ₹10,000 into Groww Multi Asset Allocation 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 50 TRI	Diff
2026part	-5.35%	-12.85%	+7.50%
2025part	+3.32%	—	—

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.

History points

246

Expense ratio

2.66%

AUM

₹404.74Cr

Portfolio turnover

392%

Exit load

If redeemed within 30 days from the date of allotment: 1%; If redeemed after 30 days from the date of allotment: NIL.

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

20.0

P/B ratio

4.2

Avg market cap

₹4,15,702Cr

P/E & P/B are portfolio-weighted harmonic means across 64 of 71 equity holdings (64% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Multi Asset Allocation

Compare all


Groww Multi Asset Allocation FundThis fund Groww · Regular · Growth	★☆☆☆☆ 1Y	-2.21%	—	—	—	2.66%	₹404.74Cr
Quant Multi Asset Allocation Fund quant · Regular · Growth	★★★☆☆	+11.58%	+19.86%	+17.26%	—	2.29%	₹5,474Cr
Nippon India Multi Asset Allocation Fund Nippon India · Regular · Growth	★★★★★	+6.63%	+16.71%	+13.46%	—	1.44%	₹15,069Cr
DSP Multi Asset Allocation Fund DSP · Regular · Growth	★★★★★	+7.28%	+15.92%	—	—	1.59%	₹9,515Cr
Kotak Multi Asset Allocation Fund Kotak Mahindra · Regular · Growth	★★★☆☆	+8.94%	+15.58%	—	—	1.77%	₹13,629Cr
WhiteOak Capital Multi Asset Allocation Fund WhiteOak Capital · Regular · Growth	★★★★★	+7.98%	+15.16%	—	—	1.67%	₹7,308Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap61.6%
Mid cap38.1%
Small cap0.3%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity67.79%
Cash & Equivalents14.35%
Other13.91%
Debt3.28%
Real Estate / REITs0.67%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Groww Aggressive Hybrid Fund Groww · Aggressive Hybrid Fund	77.3% of 72% equity	★★☆☆☆	2.10%	+7.94%
Groww ELSS Tax Saver Fund Groww · ELSS	76.9%	★☆☆☆☆	1.52%	+7.74%
360 ONE MSCI India ETF 360 One · Other ETFs	58.8%	—	—	—
JioBlackRock Sector Rotation Fund Jio BlackRock · Sectoral/ Thematic	57.1%	—	0.80%	—
Canara Robeco Large Cap Fund Canara Robeco · Large Cap Fund	55.9%	★★★★☆	0.63%	+8.81%
Nippon India ETF Nifty 100 Nippon India · Other ETFs	55.7%	—	0.51%	+6.90%
Zerodha Nifty 100 ETF Zerodha · Other ETFs	55.7%	—	0.28%	—
Axis Nifty 100 Index Fund Axis · Index Funds	55.7%	★★★☆☆	0.26%	+7.18%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.79% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

PB Fintech LimitedShort-term · Stage I0.79%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-12.6%29 Jan 2026 → 23 Mar 2026
Still below that high — 2 months down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹404.74Cr

April - June 2026

+6%

since January - March 2026

+₹32.34Cr

est. net flow, last quarter

At or near its largest, ₹404.74Cr 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.

Launched

09 Apr 2008

Total AUM

₹6,571Cr+28.7% QoQ

Avg AUM · July - September 2026

Website

growwmf.in

Fund Managers

NSNikhil SatamStart date not disclosed

Education

B. Com & Masters in Finance (MFM)

Experience

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.

Funds managed (44)

All schemes Nikhil Satam runs →

WGWilfred Peter GonsalvesStart date not disclosed

Education

CA, B. Com from Mumbai University

Experience

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."

Funds managed (10)

All schemes Wilfred Peter Gonsalves runs →

KSKaustubh SuleStart date not disclosed

Role

Senior – Fund Manager

Education

B.E.(Computer) MBA(Finance)

Experience

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

Funds managed (8)

All schemes Kaustubh Sule runs →

PMParas MataliaStart date not disclosed

Education

CA, CFA (US) and B. Com

Experience

Mr. Paras Matalia has about 7 years of experience in the capital Fund markets. He started out as an equity research Analyst with Samco Securities Limited. Just prior to joining Groww Mutual Fund, he was working with Samco Mutual Fund as Fund Manager and Head of Equities.

Funds managed (3)

All schemes Paras Matalia runs →

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

Fund managers

Nikhil Satam Wilfred Peter Gonsalves Kaustubh Sule Paras Matalia

Top holdings

ICICI Bank Limited HDFC Bank Limited Reliance Industries Limited Mahindra & Mahindra Limited Bajaj Finance Limited Bharti Airtel Limited Larsen & Toubro Limited State Bank of India Kotak Mahindra Bank Limited Ashok Leyland Limited The Federal Bank Limited Axis Bank Limited

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.

Run SIP calculator Add to compare

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 Asset Allocation funds

Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.

Frequently asked questions

What is the NAV of Groww Multi Asset Allocation Fund?

As of 01 Oct 2026, the NAV of Groww Multi Asset Allocation Fund is ₹9.79 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Groww Multi Asset Allocation Fund delivered?

Groww Multi Asset Allocation Fund has returned -2.21% over 1 year and -2.21% 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 Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund charges an expense ratio of 2.66% 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 Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund's largest holdings are GROWW Gold ETF (12.2%), ICICI Bank Limited (4.0%), HDFC Bank Limited (3.8%), Reliance Industries Limited (3.0%) and Mahindra & Mahindra Limited (2.9%). Holdings are disclosed monthly and change over time.

How risky is Groww Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 12.1% and its worst peak-to-trough fall in our sample was -12.6%. 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 Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund is benchmarked against the Nifty 500 TRI (60%) CRISIL Composite Bond Fund Index (30%) Domestic Gold Prices (5%) Domestic Silver Prices (5%). Its alpha and beta on this page are measured against that index.

Who manages Groww Multi Asset Allocation Fund?

Groww Multi Asset Allocation Fund is managed by Nikhil Satam, Wilfred Peter Gonsalves, Kaustubh Sule and Paras Matalia at Groww.

How is Groww Multi Asset Allocation Fund taxed?

Groww Multi Asset Allocation 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.