November 5, 2025
RA Jainee
Groww Money Market Fund Direct-Growth
Groww Money Market Fund Direct-Growth snapshot
| NFO opens on | 10 November 2025 |
| NFO Closes on | 17 November 2025 |
| Min. Investment | Rs. 500 |
| Plans | Growth, IDCW |
| Sahifund Verdict | Suitable for short-term parking of funds (3–12 months) with low risk. Conservative investors may prefer it for liquidity over traditional deposits. |
⏱️ Last Update: 06 November 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Groww Money Market Fund Direct-Growth Open Date, Close Date?
NFO opens on November 10, 2025
NFO will close on November 17, 2025
Investment Strategy for this NFO?
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 10 November 2025 |
| Issue Close | 17 November 2025 |
| Type | Open-ended |
| Category | Debt: Money Market |
| Min. Investment(₹) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low to Moderate |
| Benchmark | CRISIL Money Market A-I Index |
About Benchmark Index for this NFO?
X
Fund Managers of Groww Money Market Fund Direct-Growth
1) 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.
AMC
Groww Asset Management Limited
Address: 505 – 5th Floor, Tower 2B, One World Centre, Near Prabhadevi Railway Station, Lower Parel, Maharashtra Mumbai – 400013
Website: http://growwmf.in
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Groww Money Market Fund Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of CRISIL Money Market A-I Index
Portfolio Parameters – 3 March 2025
| Index | Average Maturity | Average MD | Average YTM | Average Macaulay Duration |
| CRISIL Money Market A-I Index | 0.3901 | 0.3631 | 7.28% | 0.3901 |
| Index Name | Riskometer Score | Riskometer |
| CRISIL Money Market A-I Index | 1.53 | Low to Moderate |
Composite Index Weights
| Index | Sub- Index/ Asset Class | Sub-indices Weights |
| Jan-25 | ||
| CRISIL Money Market A-I Index | CD – 60 to 91 Days – A | 30% |
| CD – 91 to 365 Days – A | 25% | |
| CP – 60 to 91 Days – A | 10% | |
| CP – 91 to 365 Days – A | 10% | |
| 1 Month T-Bill | 25% |
Past Performance of Kaustubh Sule
| Fund | Groww Dynamic Bond Fund | It’s Benchmark | Groww Liquid Fund | It’s Benchmark |
| 1 Year | 4.39 | 5.53 | 6.72 | 4.67 |
| 3 Year | 5.73 | 7.17 | 6.91 | 4.62 |
| 5 Year | 4.69 | 5.38 | 5.57 | 3.63 |
| 7 Year | — | — | 5.56 | 3.70 |
| 10 Year | — | — | 6.08 | 3.88 |
As on 05-11-2025
[B] Review of Fund Managers
Kaustubh Sule
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Background: Mr. Sule is a B.E. (Computer Engineering) & MBA (Finance), 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.
Sahifund Verdict:
Groww Money Market Fund Direct-Growth — NFO Review
(By Paresh Gordhandas, C.A. & Research Analyst)
Groww Mutual Fund has launched its Money Market Fund, an open-ended debt scheme that aims to generate steady income by investing in short-term money market instruments such as Treasury Bills, Commercial Papers (CPs), and Certificates of Deposit (CDs) with maturity up to one year. The fund follows the CRISIL Money Market A-I Index as its benchmark, which has a current yield of around 7.28% with low to moderate risk.
Managed by Kaustubh Sule, who brings rich experience across Axis, HDFC Life, and Reliance Life, the fund will follow a conservative investment approach focused on liquidity and capital protection. With no exit load and a minimum investment of Rs.500, it suits investors seeking parking of surplus funds for short durations with better potential returns than savings accounts.
However, being a newly launched scheme under a relatively new AMC, performance consistency will be crucial to watch. Overall, the fund is ideal for short-term and conservative investors who prefer stability, liquidity, and predictable income.
Sahifund Verdict: Suitable for short-term parking of funds (3–12 months) with low risk. Conservative investors may prefer it for liquidity over traditional deposits.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Groww Money Market Fund Direct-Growth NFO?
>> Post your MF questions @ sahifund.com/ask-me/
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https://sahifund.com/category/nfos/
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