February 23, 2024
mayank
Groww Short Duration Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 2,132.5200
Weekly NAV IDCW: Rs 1,013.5745
NAV IDCW Monthly: Rs 1,019.2493
Fortnightly NAV IDCW: Rs 1,016.2072
Suitable For Which Investors?
“Short Duration debt funds invest mainly in bonds maturing in a period of one to three years. They are suitable for investment horizons of one to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit. There have been instances when short duration funds have incurred losses.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme will endeavor to generate stable returns over short term with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments.
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 | 0 |
Basic Details
| Fund House | Groww Mutual Fund |
| Launch Date | 13-Sep-13 |
| Return Since Launch | 7.52% |
| Benchmark | CRISIL SD Debt B-II Index |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 38 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.40% |
| (As on 31-Jan-2024) | |
| Risk Grade | High |
| Return Grade | Low |
Trailing Returns (%) of Groww Short Duration Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Groww Short Duration Dir | 1.17 | 0.01 | 0.72 | 2.27 | 3.97 | 6.94 | 5.05 | 5.52 | 6.17 | 7.39 |
| 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: Short Duration | 1.22 | 0.02 | 0.83 | 2.17 | 3.80 | 7.84 | 6.15 | 6.75 | 6.76 | 7.72 |
| Rank within category | 17 | 19 | 21 | 5 | 2 | 25 | 21 | 20 | 15 | 14 |
| Number of funds in category | 25 | 25 | 25 | 25 | 25 | 25 | 21 | 21 | 18 | 18 |
Peer Comparison of Groww Short Duration 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 Short Duration Dir | 1 star | 6.94 | 5.05 | 5.52 | 0.40 | 38 | 7.52 | — | 10Y 5M |
| ICICI Pru Short Term Dir | 4 star | 8.43 | 6.51 | 8.00 | 0.45 | 18,691 | 8.53 | — | 11Y 1M |
| HDFC Short Term Debt Dir | 4 star | 8.13 | 5.93 | 7.44 | 0.37 | 14,373 | 8.03 | — | 11Y 1M |
| Axis Short Term Dir | 4 star | 7.99 | 5.85 | 7.46 | 0.31 | 7,541 | 8.14 | — | 11Y 1M |
| ABSL Short Term Dir | 4 star | 8.18 | 6.27 | 7.71 | 0.38 | 6,778 | 8.63 | — | 11Y 1M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 8 | 45 |
| Macaulay Duration (yrs) | 2.62 | 2.71 |
| Average Maturity (yrs) | 3.03 | 3.49 |
| Yield to Maturity (%) | 7.10 | 7.67 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Groww Short Duration Fund?
Chanakya’s Mutual Fund Guidance For Groww Short Duration Fund
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