August 18, 2025
RA Jainee
Groww Multi Asset Allocation Fund NFO details & Verdict
| NFO opens on | 10 September 2025 |
| NFO Closes on | 24 September 2025 |
| Min. Investment | Rs. 500 |
| Plans | Growth, IDCW |
| Sahifund Verdict | Suitable for investors looking for broad diversification within a single fund, (Redetailed verdict given below) |
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 Multi Asset Allocation Fund Open Date, Close Date?
NFO opens on September 10, 2025
NFO will close on September 24, 2025
Investment Strategy for this NFO?
The schemes seeks to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments, Debt & Money market instruments, Commodities and in units of REITs & InvITs.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 10 September 2025 |
| Issue Close | 24 September 2025 |
| Type | Open-ended |
| Category | Hybrid: Multi Asset Allocation |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 30 days |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI (60), CRISIL Composite Bond Index (30), Domestic Price of Gold (5), Domestic Price of Silver (5) |
Fund Managers of Groww Multi Asset Allocation Fund
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.
2) Paras Matalia
Education: Mr. Matalia has done B.Com and CA
Experience: Prior to joining Groww Mutual Fund, he has worked with Samco MF, Samco Sec. Ltd, Batliboi & Purohit and Mahajan & Aibara
3) Wilfred Peter Gonsalves
Education: Mr. Gonsalves has done CA and B.Com
Experience: Prior to joining Groww Mutual Fund, he has worked with Edelweiss Tokio Life Insurance and L&T Finance
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 Multi Asset Allocation Fund @ sahifund.com by Paresh Gordhandas, C.A., Research Analyst
[ A ] Benchmark Performance of NIFTY 500 TRI (60), CRISIL Composite Bond Index (30), Domestic Price of Gold (5), Domestic Price of Silver (5)
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | – | – | – | – | – |
| Total Return | – | – | – | – | – |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | – | – | – |
| Beta (NIFTY 50) | – | – | – |
| Correlation (NIFTY 50) | – | – | – |
Fundamentals
| P/E | P/B | Dividend Yield |
| – | – | – |
Study about Benchmark Index in details
Performance will be compared against a composite benchmark:
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NIFTY 500 TRI (60%)
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CRISIL Composite Bond Index (30%)
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Domestic Price of Gold (5%)
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Domestic Price of Silver (5%)
This diversified benchmark ensures a fair evaluation of both equity and non-equity exposures.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Kaustubh Sule
| Fund | Groww Aggressive Hybrid Fund | It’s Benchmark | Groww Dynamic Bond Fund | It’s Benchmark |
| 1 Year | 1.56 | 1.83 | 5.40 | 6.37 |
| 3 Year | 12.11 | 13.88 | 5.78 | 7.21 |
| 5 Year | 14.73 | 17.40 | 4.91 | 5.29 |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
AS ON 18-8-2025
Past Performance of Paras Matalia
| Fund | Groww ELSS Tax Saver Fund | It’s Benchmark |
| 1 Year | 1.98 | 0.59 |
| 3 Year | 15.81 | 15.19 |
| 5 Year | 18.91 | 20.94 |
| 7 Year | 12.66 | 14.09 |
| 10 Year | — | — |
AS ON 18-8-2025
Past Performance of Wilfred Peter Gonsalves
| Fund | Groww Gold ETF | It’s Benchmark | Groww Gold ETF FOF | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
AS ON 18-8-2025
The fund is jointly managed by:
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Kaustubh Sule (experience in hybrid & debt schemes)
-
Paras Matalia (experience in ELSS & equity funds)
-
Wilfred Peter Gonsalves (experience in gold-oriented products)
Track record of the first two managers is moderately positive, with performance in hybrid and ELSS categories close to or slightly below benchmarks.
Sahifund Verdict
The fund offers investors diversified exposure across equities, debt, commodities, REITs and InvITs with a low entry point (Rs. 500).
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Suitable for investors looking for broad diversification within a single fund, especially those with limited capital.
-
However, investors must be aware of the “very high risk” tag and mixed track record of fund managers.
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Better suited for investors with a long-term horizon (5+ years) who can tolerate volatility.
Conservative or short-term investors may avoid this fund, while balanced investors seeking diversification may consider a limited allocation.
Do study Peer comparison of Multi Asset funds-2025
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
This NFO seeks long-term capital appreciation by diversifying across equities, debt, commodities (including gold and silver), and REITs/InvITs.
Investors with a moderate to high risk appetite and a long-term horizon (5+ years), looking for diversification in a single scheme, can consider this NFO.
The fund carries a Very High riskometer rating, meaning investors face equity market volatility plus commodity and debt risks. Returns may fluctuate sharply in the short term
Compared to peers like HDFC and ICICI Prudential Multi Asset Funds, Groww is new and lacks performance history. Established funds have delivered ~12–15% CAGR over 5 years, whereas Groww’s performance will take time to evaluate.
If you are a new investor with limited capital seeking diversified exposure at a low entry point (Rs. 500), this NFO can be considered for long-term goals. However, investors prioritizing proven track record may prefer established multi asset funds first.
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
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