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Groww Money Market Fund Direct Growth
Debt
Money Market
Low to Moderate Risk
NAV: 09 Jan '26
₹10.07
Min. SIP amount
₹500
Fund size
₹20.48 Cr
Expense ratio
0.20%
Holdings (7)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Bank Of Baroda | Financial | CD | 18.08% |
| Kotak Mahindra Bank Ltd. | Financial | CD | 17.93% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 17.10% |
| Union Bank of India | Financial | CD | 15.16% |
| Axis Bank Ltd. | Financial | CD | 11.75% |
| HDFC Bank Ltd. | Financial | CD | 11.68% |
| Reserve Bank of India | Financial | T-Bills | 4.66% |
Minimum investments
Min. for 1st investment
₹500
Min. for 2nd investment
₹500
Min. for SIP
₹500
Returns and rankings
Annualised returns
Absolute returns
| Name | 1M | 3M | 6M | All |
|---|---|---|---|---|
| Fund returns | +0.4% | -- | -- | +0.7% |
| Category average (Debt Money Market) | -- | -- | -- | -- |
| Rank (Debt Money Market) | -- | -- | -- | -- |
Exit load, stamp duty and tax
Exit load
Nil
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
Returns are taxed as per your Income Tax slab.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
Tata Money Market Fund Direct Growth | +7.57% | +7.72% | 35,599.90 | |
Axis Money Market Fund Direct Growth | +7.53% | +7.63% | 20,781.21 | |
Bandhan Money Market Fund Direct Growth | +7.54% | +7.58% | 12,313.03 | |
Union Money Market Fund Direct Growth | +7.21% | +7.22% | 119.68 | |
Bajaj Finserv Money Market Fund Direct Growth | +7.51% | -- | 4,196.35 | |
| Compare | ||||
Fund management
KSKaustubh SuleNov 2025 - PresentView details
KS
Kaustubh Sule
Nov 2025 - Present
View details
About Groww Money Market Fund Direct Growth
Groww Money Market Fund Direct Growth is a Debt Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. Kaustubh Sule is the Current Fund Manager of Groww Money Market Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,506 Cr and the Latest NAV as of 09 Jan 2026 is ₹10.07.
The Groww Money Market Fund Direct Growth is rated Low to Moderate risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
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Investment Objective
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Fund benchmarkCRISIL Money Market A-I Index
Fund house
Rank (total assets)#41 in India
Total AUM₹3,505.79 Cr
Date of Incorporation10 Apr 2008
Launch Date10 Apr 2008
Address505 – 5th Floor, Tower 2B, One World Centre, Near Prabhadevi Railway Station, Lower Parel,Maharashtra Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,