| Launch date | 26 Nov 2024 |
| Allotment date | 17 Dec 2024 |
| End date | 10 Dec 2024 |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: NA
Inclusive of GST
Exit load
Exit load of 1%, if redeemed within 1 year.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Minimum investment amounts
| Min. for 1st investment | ₹100 |
| Min. for 2nd investment onwards | ₹100 |
| Min. for SIP | ₹100 |
Fund management
Anupam TiwariNov 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #41 in India |
|---|---|
| Total AUM | ₹857.24Cr |
| Date of Incorporation | 10 Apr 2008 |
|---|
Groww Multicap Fund Direct Growth is a Equity Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. Anupam Tiwari is the Current Fund Manager of Groww Multicap Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹857 Cr and the Latest NAV as of 26 Nov 2024 is ₹10.00. The Groww Multicap Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. Exit load of 1%, if redeemed within 1 year. ;
Investment Objective
The scheme seeks to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments of large, mid and small-cap companies. ;
| Fund benchmark | Nifty 500 Multicap 50:25:25 Total Return Index |
|---|
Fund house contact details
Peer Comparison
| Equity, Multi Cap funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
Nippon India Multi Cap Fund Direct Growth | 5 | 37.2% | 26.0% | 39,621.82 |
Kotak Multicap Fund Direct Growth | 4 | 41.6% | 25.8% | 15,420.68 |
ICICI Prudential Multicap Fund Direct Plan Growth | 4 | 35.1% | 20.7% | 14,690.79 |
Baroda BNP Paribas Multi Cap Fund Direct Growth | 4 | 39.2% | 19.3% | 2,810.73 |
Invesco India Multicap Fund Direct Growth | 3 | 37.2% | 19.1% | 3,961.65 |