Groww Nifty Total Market Index Fund Direct Growth

Groww Nifty Total Market Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 03-12-2024

₹ 13.75

0.7%

1D

Inception Returns

32.2%

/yr

About Groww Nifty Total Market Index Fund Direct Growth

Groww Nifty Total Market Index Fund Direct Growth is an equity fund. This fund was started on 23 October, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Groww Nifty Total Market Index Fund Direct Growth has ₹241 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Groww Nifty Total Market Index Fund Direct Growth has given a CAGR return of 32.18% since inception. Over the last 1 year the fund has given a CAGR return of 26.73%.

Holdings

Groww Nifty Total Market Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Energy, Consumer Defensive, Health, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd

Taxation

As it is a index funds mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Groww Nifty Total Market Index Fund Direct Growth

The investment objective of the scheme is to achieve a return equivalent to the NiftyTotal Market Index-TRI subject to tracking error. This index is diversified throughout the Indian market across sectors and market caps and aims to benefit from India’s economic growth.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Groww Nifty Total Market Index Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
19107 people have invested ₹ 2.5Cr in Groww Nifty Total Market Index Fund Direct Growth in the last three months

Groww Nifty Total Market Index Fund Direct Growth Overview

Expense ratio0.3%
Benchmark
Nifty Total Market TR INR
AUM₹241 Cr
Inception Date23 October, 2023
Min Lumpsum/SIP₹100/₹100
Exit Load
0.2%
Lock InNo Lock-in
TurnOver
40.28%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Oct-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Large cap
68.4%

Mid cap
17.8%

Small cap
13.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
27.9%
Industrial
11.8%
Consumer Cyclical
11%
Tech
10.3%
Basic Materials
8.9%
Energy
7.3%
Consumer Defensive
7.3%
Health
6.4%
Utilities
4.2%
Communication
3.4%
Real Estate
1.3%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.26%
2.14%
1.03%
Nifty 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -6.26% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty 50 by 0.09% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 240.8 Cr
₹ 240.8 Cr
₹ 219.4 Cr
  • AUM of the fund stands at 240.8 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 6.4% to 6.81%
HDFC Bank Ltd's allocation increased from 6.4% to 6.81%
ICICI Bank Ltd's allocation increased from 4.37% to 4.71%
ICICI Bank Ltd's allocation increased from 4.37% to 4.71%
State Bank of India's allocation increased from 1.48% to 1.63%
State Bank of India's allocation increased from 1.48% to 1.63%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 4.88 % to 4.68 %
Reliance Industries Ltd's allocation decreased from 4.88 % to 4.68 %
Infosys Ltd's allocation decreased from 3.29 % to 3.27 %
Infosys Ltd's allocation decreased from 3.29 % to 3.27 %
Tata Consultancy Services Ltd's allocation decreased from 2.13 % to 2.1 %
Tata Consultancy Services Ltd's allocation decreased from 2.13 % to 2.1 %
Small Cap allocation has gone up from 13.4% to 13.6%
Small Cap allocation has gone up from 13.4% to 13.6%
Mid Cap allocation has gone down from 17.8% to 17.8%
Mid Cap allocation has gone down from 17.8% to 17.8%
Large Cap allocation has gone down from 69% to 68.4%
Large Cap allocation has gone down from 69% to 68.4%
Cash allocation has gone up from -0.3% to 0.1%
Cash allocation has gone up from -0.3% to 0.1%

Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical

Oct'24
Financial Services
28%
Industrial
12%
Consumer Cyclical
11%
Sep'24
Financial Services
27%
Industrial
12%
Consumer Cyclical
12%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
752
751
752
Top 5 Company Concentration
21.8%
21.3%
21.4%
Company having highest exposure
HDFC Bank Ltd (6.8%)
HDFC Bank Ltd (6.4%)
HDFC Bank Ltd (6.1%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
69.9%
69.4%
69.2%
Sector having highest exposure
Financial Services (27.9%)
Financial Services (27%)
Financial Services (26.7%)
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Fund House
Groww Asset Management Ltd.
Total Schemes
Total AUM
₹1.85K Cr
as on 31-Oct-2024
Address
Floor 12 A, Tower 2 A, One World Centre,,Jupiter Mills Compound Senapati Bapat Marg,Mumbai,Maharashtra
Phone
8050180222
Website
support@growwmf.in

Groww Nifty Total Market Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 32.18% since inception which is more than its category average return of 16.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.9% in Equity, 0% in Debt and 0.1% in Cash related instruments
AUM size ₹241 Cr

AUM size ₹241 Cr

This fund has AUM of ₹241 Cr which is less than its category average of ₹ 818 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.55%

Frequently Asked Questions for Groww Nifty Total Market Index Fund Direct Growth

The current NAV of Groww Nifty Total Market Index Fund Direct Growth is ₹13.75 as on 03-Dec-2024.
Existing (Absolute + CAGR) as on 03-Dec-2024.
Groww Nifty Total Market Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
9.01%
9.01%
1 Year Returns
26.73%
26.73%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.3% as on November 2024
₹241 Cr as on November 2024
HDFC Bank Ltd(6.81%), ICICI Bank Ltd(4.71%), Reliance Industries Ltd(4.68%), Infosys Ltd(3.27%), ITC Ltd(2.35%) as on November 2024
Financial Services(27.9%), Industrial(11.79%), Consumer Cyclical(11%) as on November 2024
The alpha ratio for the Groww Nifty Total Market Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Groww Nifty Total Market Index Fund Direct Growth
-
-
-
As on November 2024
The alpha for Groww Nifty Total Market Index Fund Direct Growth is calculated against Nifty Total Market TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Groww Nifty Total Market Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Groww Nifty Total Market Index Fund Direct Growth
-
-
-
As on November 2024
The Beta for Groww Nifty Total Market Index Fund Direct Growth is calculated with Nifty Total Market TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Groww Nifty Total Market Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Groww Nifty Total Market Index Fund Direct Growth
1.42
-
-
As on November 2024
The sharpe ratio for Groww Nifty Total Market Index Fund Direct Growth is calculated with Nifty Total Market TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Groww Nifty Total Market Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Groww Nifty Total Market Index Fund Direct Growth
12.58
-
-
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
The Exit load of Groww Nifty Total Market Index Fund Direct Growth is 0.25%