February 23, 2024
mayank
Groww Nifty Total Market Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.0248
NAV IDCW: Rs 12.0245
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a flexi-cap fund where the fund management team has complete freedom to invest in companies of different sizes, depending on where it expects maximum gains. This versatility makes flexi-cap funds most suitable for equity fund investors, as the job of stock selection is left completely to the fund manager, which is the very idea of investing in a mutual fund.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to achieve a return equivalent to the Nifty Total Market Index-TRI subject to tracking error. This index is diversified throughout the Indian market across sectors and market caps and aims to benefit from India’s economic growth.
Fund Manager:
1) Abhishek Jain
Investment Details
| Min. Investment (Rs) | 10 |
| Min. Addl Investment (Rs) | 10 |
| Min. SIP Investment (Rs) | 10 |
| Min. Withdrawal (Rs) | 100 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Groww Mutual Fund |
| Launch Date | 23-Oct-23 |
| Return Since Launch | 20.25% |
| Benchmark | Nifty Total Market TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 90 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.25% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 7.00% |
Trailing Returns (%) of Groww Nifty Total Market Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Groww Nifty Total Market Index Dir | 4.51 | 0.77 | 3.49 | 14.80 | — | — | — | — | — | — |
| S&P BSE 500 TRI | 4.56 | 0.80 | 3.63 | 15.25 | — | — | — | — | — | — |
| Equity: Flexi Cap | 4.45 | 0.69 | 3.40 | 13.76 | — | — | — | — | — | — |
| Rank within category | 36 | 30 | 32 | 28 | — | — | — | — | — | — |
| Number of funds in category | 80 | 81 | 80 | 80 | 77 | 72 | 57 | 42 | 35 | 29 |
Peer Comparison of Groww Nifty Total Market Index 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 | Turnover (%) | |
| Groww Nifty Total Market Index Dir | Unrated | — | — | — | 0.25 | 90 | 20.25 | — | 4M | 7.00 |
| Motilal Oswal Nifty 500 Index Dir | 3 star | 38.89 | 19.13 | — | 0.38 | 675 | 20.81 | 1.00 (15) | 4Y 5M | 14.00 |
| Parag Parikh Flexi Cap Dir | 5 star | 44.32 | 24.01 | 24.93 | 0.58 | 55,034 | 20.65 | 2.00 (365) | 10Y 8M | 4.30 |
| HDFC Flexi Cap Dir | 4 star | 43.08 | 26.65 | 21.91 | 0.83 | 47,642 | 17.14 | 1.00 (365) | 11Y 1M | 33.23 |
| Franklin India Flexi Cap Dir | 4 star | 45.14 | 22.96 | 20.96 | 1.04 | 14,165 | 17.54 | 1.00 (365) | 11Y 1M | 17.90 |
Portfolio Analysis
| No. of Stocks | 751 |
| Top 10 Stocks | 33.30% |
| Top 5 Stocks | 23.13% |
| Top 3 Sectors | 47.53% |
| Portfolio P/B Ratio | 3.93 |
| Portfolio P/E Ratio | 25.51 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,76,102 | 1,56,975 |
| Giant (%) | 56.64 | 50.94 |
| Large (%) | 19.91 | 20.13 |
| Mid (%) | 18.11 | 22.89 |
| Small (%) | 5.34 | 6.60 |
| Tiny (%) | — | — |
How to Invest in Groww Nifty Total Market Index Fund?
Chanakya’s Mutual Fund Guidance For Groww Nifty Total Market Index Fund
Do not invest in this, or any other flexi-cap fund, if you need to redeem your investment in less than five years.
Apply Online: https://www.growwmf.in/
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