December 9, 2025
RA Jainee
Groww Small Cap Fund Direct-Growth
Groww Small Cap Fund Direct-Growth snapshot
| NFO opens on | 08 January 2026 |
| NFO Closes on | 22 January 2026 |
| Min. Investment | Rs. 500 |
| Plans | Growth, IDCW |
| Sahifund Verdict | Groww Small Cap Fund aims to generate long-term wealth by investing in high-growth small-cap companies. The benchmark, Nifty Smallcap 250 TRI, has delivered strong 5-year returns but comes with high volatility. With a very high-risk profile and an experienced fund manager, this NFO suits aggressive investors with a 7–10 year horizon. Conservative investors should avoid due to sharp drawdowns in this segment. |
⏱️ Last Update: 11 December 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 Small Cap Fund Direct-Growth Open Date, Close Date?
NFO opens on January 08, 2026
NFO will close on January 22, 2026
Investment Strategy for this NFO?
The Scheme seeks to generate long term capital appreciation by investing in equity and equity related instruments of small cap companies.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 08 January 2026 |
| Issue Close | 22 January 2026 |
| Type | Open-ended |
| Category | Equity: Small Cap |
| Min. Investment(₹) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 1 year |
| Riskometer | Very High |
| Benchmark | NIFTY Smallcap 250 TRI |
About Benchmark Index for this NFO?
Nifty Smallcap 250 represents the balance 250 companies (companies ranked 251-500) from Nifty 500. This index intends to measure the performance of small market capitalisation companies.
Nifty Smallcap 250 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Smallcap 250 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Smallcap 250 Total Returns Index
Portfolio Characteristics
| Methodology | Free Float Market Capitalization |
| No. of Constituents | 251 |
| Launch Date | April 01, 2016 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Groww Small Cap Fund Direct-Growth
1) Anupam Tiwari
Education: Mr. Tiwari is a Chartered Accountant.
Experience: Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he was associated with Axis Mutual Fund, Principal Mutual Fund (July 25, 2011-Sep 21, 2016), Reliance Life Insurance Ltd. (Sep 22, 2010-Jul 15, 2011) and Reliance MF (Mar 21, 2005-Sep 21, 2010).
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 Small Cap Fund Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY Smallcap 250 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 0.24 | -5.74 | -5.55 | 24.45 | 14.60 |
| Total Return | 0.32 | -5.21 | -5.02 | 25.39 | 15.94 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 19.04 | 18.46 | 21.57 |
| Beta (NIFTY 50) | 1.14 | 0.94 | 0.80 |
| Correlation (NIFTY 50) | 0.72 | 0.71 | 0.77 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 29.18 | 3.56 | 0.72 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Multi Commodity Exchange of India Ltd. | 2.58 |
| Laurus Labs Ltd. | 2.01 |
| Central Depository Services (India) Ltd. | 1.45 |
| Radico Khaitan Ltd. | 1.26 |
| Karur Vysya Bank Ltd. | 1.17 |
| Delhivery Ltd. | 1.14 |
| Navin Fluorine International Ltd. | 1.06 |
| City Union Bank Ltd. | 0.98 |
| RBL Bank Ltd. | 0.94 |
| Computer Age Management Services Ltd. | 0.93 |
Past Performance of Anupam Tiwari
| Fund | Groww Large Cap Fund | It’s Benchmark | Groww Value Fund | It’s Benchmark |
| 1 Year | 1.51 | 4.74 | 1.53 | 1.76 |
| 3 Year | 12.67 | 14.07 | 15.07 | 14.70 |
| 5 Year | 13.16 | 16.41 | 15.51 | 17.37 |
| 7 Year | 12.12 | 15.34 | 13.15 | 16.06 |
| 10 Year | 11.99 | 14.68 | 10.44 | 15.02 |
As on 09-12-2025
[B] Review of Fund Managers
Anupam Tiwari
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Background: Mr. Tiwari is a Chartered Accountant., Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he was associated with Axis Mutual Fund, Principal Mutual Fund (July 25, 2011-Sep 21, 2016), Reliance Life Insurance Ltd. (Sep 22, 2010-Jul 15, 2011) and Reliance MF (Mar 21, 2005-Sep 21, 2010).
Sahifund Verdict
1. Investment Strategy
The scheme seeks long-term capital appreciation by investing predominantly in equity and equity-related instruments of small-cap companies.
Small caps offer high growth potential but also carry higher volatility, sharp corrections, and liquidity risks. Therefore, this NFO is meant for investors with a long-term horizon and high risk appetite.
2. Benchmark Analysis – Nifty Smallcap 250 TRI
The benchmark represents companies ranked 251–500 by market capitalisation.
Key observations:
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Strong long-term performance: 5-year TRI return at 25.39%, significantly higher than large-cap benchmarks.
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High volatility: Std deviation above 19%, indicating sharp swings.
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High beta (1.14) vs Nifty 50 → small caps move more aggressively than broader markets.
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Top sectors include financials, chemicals, logistics, and consumer.
This benchmark rewards patience and tests risk tolerance.
3. Fund Manager Review – Anupam Tiwari
A seasoned fund manager and Chartered Accountant with experience at Groww MF, Axis MF, Principal MF, and Reliance MF.
Past returns:
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Has delivered consistent double-digit returns across categories over 7+ years.
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Strength in identifying high-conviction mid & small-cap opportunities.
His performance history indicates an ability to handle smaller companies and volatile market cycles effectively.
4. Key Strengths of the NFO
✔ Focus on small caps – high growth runway
✔ Experienced fund manager
✔ Benchmark with strong long-term return potential
✔ Low minimum investment (Rs. 500)
✔ Suitable for long-term wealth creators
5. Risks & Concerns
⚠ Very High Risk – small caps face steep drawdowns
⚠ Liquidity issues in mid/large corrections
⚠ Performance highly linked to market cycles
⚠ Requires long holding period (7–10 years)
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Groww Small Cap Fund Direct-Growth NFO?
Invest Online OR https://groww.in/mutual-funds/filter
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