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What is Groww SmartSave?

SmartSave is an offering by Groww wherein you can invest in a liquid fund and redeem instantly. 

Usually redeeming from liquid funds takes about 1-2 working days. 

This allows you to use your investments in liquid funds like a savings bank account while earning higher returns than the bank account. 

When you invest in SmartSave your money is going to ICICI Prudential Liquid Fund. 

There is a per day limit for instant redemption. 

When you redeem from SmartSave you can get up to Rs 50000 or 90% of the total amount invested in SmartSave instantly (whichever is lower) per day. 

This service is available 24x7 - even on holidays.
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