| Launch date | 10 Nov 2025 |
| Allotment date | 24 Nov 2025 |
| End date | 17 Nov 2025 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.20%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab.
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Kaustubh SuleNov 2025 - PresentView details
Fund house & investment objective
| Rank (total assets) | #41 in India |
|---|---|
| Total AUM | ₹3,779.09Cr |
| Date of Incorporation | 10 Apr 2008 |
|---|
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 ₹3,779 Cr and the Latest NAV as of 10 Apr 2026 is ₹10.21. 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. ;
Investment Objective
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments. ;
| Fund benchmark | CRISIL Money Market A-I Index |
|---|
Fund house contact details
Peer Comparison
| Debt, Money Market funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Tata Money Market Fund Direct Growth | 4 | 6.9% | 7.6% | 32,382.40 |
Bandhan Money Market Fund Direct Growth | 4 | 6.8% | 7.5% | 13,437.11 |
Franklin India Money Market Fund Direct Growth | 4 | 6.7% | 7.5% | 3,959.38 |
ICICI Prudential Money Market Direct Growth | 4 | 6.7% | 7.5% | 31,749.72 |
Union Money Market Fund Direct Growth | 5 | 6.7% | 7.2% | 682.95 |