Groww Money Market Fund Direct Growth

Groww Money Market Fund Direct Growth
Low to Moderate Risk
Launch date10 Nov 2025
Allotment date24 Nov 2025
End date17 Nov 2025
NAV₹10.00
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting  your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Expense ratio, exit load and taxExpense ratio: NAInclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationNA
Understand terms
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementKaustubh Sule
Nov 2025 - Present
View details
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.
Also manages these schemes
Groww Liquid Fund Direct Growth
Groww Short Duration Fund Direct Growth
Groww Arbitrage Fund Direct Growth
Groww Dynamic Bond Fund Direct Growth
Groww Aggressive Hybrid Fund Direct Growth
Groww Overnight Fund Direct Growth
Groww Gilt Fund Direct Growth
Groww Multi Asset Allocation Fund Direct Growth
Fund house & investment objective
Groww Mutual Fund
Rank (total assets)#41 in India
Total AUM₹2,509.32Cr
Date of Incorporation10 Apr 2008
    Groww Money Market Fund Direct Growth is a NA 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 ₹2,509 Cr and     the Latest NAV as of 10 Nov 2025 is ₹10.00.  

    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 ObjectiveThe scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments. 
 
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Fund benchmarkCRISIL Money Market A-I Index
Scheme Information Document(SID)
Fund house contact details
Address
505 – 5th Floor, Tower 2B, One World Centre, Near Prabhadevi Railway Station, Lower Parel,Maharashtra Mumbai 400013
Phone
8050180222
Launch Date
10 Apr 2008
E-mail
Customer Support Email id:  [email protected]
Website
growwmf.in
Peer ComparisonFund nameRating1Y3YFund Size(Cr)
Franklin India Technology Fund Direct Growth
NA
-2.2%24.0%1,867.72
Nippon India Small Cap Fund Direct Growth
4
-4.8%22.8%66,136.11
HDFC Small Cap Fund Direct Growth
4
0.5%22.8%36,827.67
Franklin India Mid Cap Fund Direct Growth
3
2.7%22.3%12,212.71
Franklin India Small Cap Fund Direct Growth
4
-4.4%21.9%13,265.80

Rank (total assets)	#41 in India
Total AUM	₹2,509.32Cr

Date of Incorporation	10 Apr 2008

Fund benchmark	CRISIL Money Market A-I Index

Fund name	Rating	1Y	3Y	Fund Size(Cr)
Franklin India Technology Fund Direct Growth	NA	-2.2%	24.0%	1,867.72
Nippon India Small Cap Fund Direct Growth	4	-4.8%	22.8%	66,136.11
HDFC Small Cap Fund Direct Growth	4	0.5%	22.8%	36,827.67
Franklin India Mid Cap Fund Direct Growth	3	2.7%	22.3%	12,212.71
Franklin India Small Cap Fund Direct Growth	4	-4.4%	21.9%	13,265.80