Groww Small Cap Fund
This is the Regular plan of Groww Small Cap 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
Not ratedHow 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. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.
Not enough Small Cap Fund peers to rank yet
Volatility 17.5% vs 16.8% category avg
2.7% expense vs 2.1% 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 Small Cap Fund average on 1M/3M/6M
Concerns
- High expense ratio (2.70%) vs the Small Cap Fund average of 2.13%
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Small Cap Fund)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -0.47% | -3.14% | +2.67% |
| 3M abs | +8.78% | +1.49% | +7.29% |
| 6M abs | +34.12% | +23.11% | +11.01% |
| 1Y CAGR | — | +10.48% | — |
| 3Y CAGR | — | +14.08% | — |
| 5Y CAGR | — | +14.41% | — |
Category average across peers in Small Cap Fund (up to 35 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.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
7 monthly installments of ₹10,000 into Groww Small Cap Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
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- Equity89.46%
- Cash & Equivalents10.54%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹323.20Cr 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
ATAnupam TiwariManaging since 29 Jan 2026
Head of Equity
CA
Mr. Anupam brings 18 years of extensive experience in the Mutual Fund Industry, having served as an Equity Analyst at Reliance Mutual Fund for 5 years. He then held roles as an - Equity Fund Manager at Reliance Life Insurance Company, Principal at PNB Asset Management Company, and Axis Asset Management Company in his most recent assignment prior to joining Groww AMC. Place: Mumbai Date: June 03, 2026 – 400013. from the said effective date. of both Direct and Regular plans in the the existing instalments to the conditions specified Place: Mumbai Date: June 29, 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
GTGagan TharejaManaging since 04 Jun 2026
SCSaptarshee ChatterjeeManaging since 04 Jun 2026
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.
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.
- Groww BSE Hospitals ETF
- Groww BSE Hospitals ETF FOF
- Groww BSE Power ETF
- Groww BSE Power ETF FOF
- Groww ELSS Tax Saver Fund
- Groww Nifty 200 ETF
- Groww Nifty 200 ETF FOF
- Groww Nifty 50 ETF
- Groww Nifty 50 Index Fund
- Groww Nifty 500 Low Volatility 50 ETF
- Groww Nifty 500 Momentum 50 ETF
- Groww Nifty 500 Momentum 50 ETF FOF
- Groww Nifty Capital Markets ETF
- Groww Nifty Capital Markets ETF FOF
- Groww Nifty Cements ETF
- Groww Nifty Chemicals ETF
- Groww Nifty EV & New Age Automotive ETF
- Groww Nifty EV & New Age Automotive ETF FOF
- Groww Nifty India Defence ETF
- Groww Nifty India Defence ETF FOF
- Groww Nifty India Internet ETF
- Groww Nifty India Internet ETF FOF
- Groww Nifty India Railways PSU ETF
- Groww Nifty India Railways PSU Index Fund
- Groww Nifty Metal ETF
- Groww Nifty Non-Cyclical Consumer Index Fund
- Groww Nifty Private Bank ETF
- Groww Nifty Private Bank Index Fund
- Groww Nifty PSE ETF
- Groww Nifty PSE ETF FOF
- Groww Nifty PSU Bank ETF
- Groww Nifty PSU Bank Index Fund
- Groww Nifty Realty ETF
- Groww Nifty Smallcap 250 Index Fund
- Groww Nifty Smallcap 250 Momentum Quality 100 ETF
- Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund
- Groww Nifty Total Market Index Fund
- Groww Large Cap Fund - Direct Plan - Growth
- Groww Multi Asset Allocation Fund - Direct Plan - Growth
- Groww Multicap Fund - Direct Plan - Growth
- Groww Nifty Next 50 ETF
- Groww Nifty Next 50 Index Fund - Direct Plan - Growth
- Groww Nifty Smallcap 250 ETF
- Groww Value Fund - Direct Plan - Growth
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.
High oil prices biggest risk to corporate earnings: Anupam Tiwari, Groww MF
Business Standard · 9h ago
Groww Mutual Fund has declared change in the fund managers of its few schemes
Value Research · 5d ago
Groww Nifty 50 ETF (Ex) Fund info
The Economic Times · 8d 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 · 28d 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 Small Cap funds
Small cap funds invest in companies beyond the top 250 by size. They offer the highest growth potential of any equity category and also the sharpest falls, so they suit long horizons and strong stomachs.
Frequently asked questions
What is the NAV of Groww Small Cap Fund?
As of 01 Oct 2026, the NAV of Groww Small Cap Fund is ₹12.73 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Groww Small Cap Fund delivered?
Groww Small Cap Fund has returned +27.01% 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 Small Cap Fund?
Groww Small Cap 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 Small Cap Fund?
Groww Small Cap Fund's largest holdings are TD Power Systems Limited (4.4%), Ather Energy Limited (3.5%), Ujjivan Small Finance Bank Limited (2.9%), TENNECO CLEAN AIR INDIA LIMITED (2.7%) and OnEMI Technology Solutions Limited (2.7%). Holdings are disclosed monthly and change over time.
How risky is Groww Small Cap Fund?
Groww Small Cap Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.5% and its worst peak-to-trough fall in our sample was -10.1%. 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 Small Cap Fund?
Groww Small Cap Fund is benchmarked against the Nifty Smallcap 250 Index. Its alpha and beta on this page are measured against that index.
Who manages Groww Small Cap Fund?
Groww Small Cap Fund is managed by Anupam Tiwari, Gagan Thareja, Saptarshee Chatterjee and Nikhil Satam at Groww.
How is Groww Small Cap Fund taxed?
Groww Small Cap 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.