February 23, 2024
mayank
Groww Liquid Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 2,320.7221
Weekly NAV IDCW: Rs 1,001.0024
Monthly NAV IDCW: Rs 1,033.7728
Suitable For Which Investors?
“Liquid funds invest in bonds having maturity of up to three months. They are suitable to park the amount you have set aside to meet any emergency needs or any surplus money that you don’t need for a few weeks up to a year. You can expect to earn better returns than what you would get from a bank account.
The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital. Though rare, there have been few instances when liquid funds have incurred losses.
Remember, these funds are geared to deliver only marginally higher returns than your bank account. They deliver steady, but low returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to provide a high level of liquidity with returns commensurate with low risk through a portfolio of money market and debt securities with maturity of up to 91 days.
Fund Manager:
1) Karan Singh
Education: Mr. Singh is B.A (Honours) in Economics, PGDBF & CFA – Level 1
Experience: Prior to joining Groww Mutual Fund (formerly Indiabulls Mutual Fund) he has worked with Taurus Corporate Advisory Services Ltd., DIOS Capital, Invesco Asset Management Company Ltd., Fidelity Investments and ICRA Ltd.
2) Kaustubh Sule
Education: Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance)
Experience: Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he has worked with Axis Asset Management Company Ltd. HDFC Standard Life Insurance Company Ltd., Reliance Life Insurance Company Ltd., Union Bank of India, Hexaware Technologies Ltd.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 5,000 |
| Lock-in Period | NA |
| Exit Load | Exit load of 0.0070% if redeemed within 1 day |
| 0.0065% if redeemed within 2 days | |
| 0.0060% if redeemed within 3 days | |
| 0.0055% if redeemed within 4 days | |
| 0.0050% if redeemed within 5 days | |
| 0.0045% if redeemed within 6 days. |
Basic Details
| Fund House | Groww Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 6.78% |
| Benchmark | CRISIL Liquid Debt B-I |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 176 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.10% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | Low |
Trailing Returns (%) of Groww Liquid Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Groww Liquid Dir | 1.06 | 0.03 | 0.62 | 1.84 | 3.61 | 7.03 | 5.08 | 5.07 | 5.66 | 6.50 |
| CCIL T Bill Liquidity Weight | 0.66 | 0.03 | 0.38 | 1.18 | 2.31 | 4.69 | 3.15 | 3.27 | 3.53 | 4.02 |
| Debt: Liquid | 1.05 | 0.03 | 0.61 | 1.82 | 3.59 | 7.18 | 5.28 | 5.20 | 5.74 | 6.49 |
| Rank within category | 13 | 21 | 22 | 18 | 18 | 30 | 31 | 26 | 25 | 17 |
| Number of funds in category | 36 | 37 | 36 | 36 | 36 | 35 | 34 | 33 | 30 | 29 |
Peer Comparison of Groww Liquid Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Groww Liquid Dir | 1 star | 7.03 | 5.08 | 5.07 | 0.10 | 176 | 6.78 | 0.01 (1) | 11Y 1M |
| ABSL Liquid Dir | 5 star | 7.32 | 5.37 | 5.33 | 0.21 | 38,638 | 6.89 | 0.01 (1) | 11Y 1M |
| Axis Liquid Dir | 4 star | 7.27 | 5.35 | 5.29 | 0.15 | 25,538 | 6.84 | 0.01 (1) | 11Y 1M |
| UTI Liquid Dir | 4 star | 7.26 | 5.34 | 5.27 | 0.18 | 22,272 | 6.81 | 0.01 (1) | 11Y 1M |
| Mirae Asset Liquid Dir | 4 star | 7.26 | 5.35 | 5.28 | 0.12 | 11,106 | 6.67 | 0.01 (1) | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 20 | 59 |
| Macaulay Duration (yrs) | 0.08 | 0.09 |
| Average Maturity (yrs) | 0.09 | 0.09 |
| Yield to Maturity (%) | 7.29 | 7.27 |
| Avg Credit Rating | AAA | — |
How to Invest in Groww Liquid Fund?
Chanakya’s Mutual Fund Guidance For Groww Liquid Fund
Apply Online: https://www.growwmf.in/
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