Groww Nifty Total Market Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 12.21 as on 07-05-2024
About the Fund
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
- Groww Nifty Total Market Index Fund Direct Growth has ₹113 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Fund Performance
15932 people have invested ₹ 2.6Cr in Groww Nifty Total Market Index Fund Direct Growth in the last three months
Overview
 | 0.25% |
 Benchmark | Nifty Total Market TR INR |
 | ₹113 Cr |
 | 23 October, 2023 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 0% |
Groww Nifty Total Market Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
69.7%
Mid cap
17.1%
Small cap
12.7%
Sector Allocation
Financial Services
28.2%
Industrial
11.2%
Consumer Cyclical
10.9%
Tech
10%
Energy
9%
Basic Materials
8.8%
Consumer Defensive
7.5%
Health
5.8%
Utilities
4.4%
Communication
2.9%
Real Estate
1.3%
Top Holdings of Groww Nifty Total Market Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings751
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.53% | 0.8% | |
 Reliance Industries Ltd | 5.67% | 0.7% | |
 ICICI Bank Ltd | 4.62% | 0.8% | |
 Infosys Ltd | 2.9% | 0.7% | |
 Larsen & Toubro Ltd | 2.43% | 0.7% |
See all
Gainers & Losers Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 6.1% |
 ICICI Bank Ltd | 5.1% |
Top Losers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | -13.5% |
 Larsen & Toubro Ltd | -8.1% |
 Infosys Ltd | -4.1% |
Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.54% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty 50 by 0.59% in Mar'24
AUM Change
- AUM of the fund stands at 103.6 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Groww Nifty Total Market Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 23.49% since inception (23nd Oct 2023)
Fund Allocations
This fund has an allocation of 99.74% in Equity, 0% in Debt and 0.26% in Cash related instruments
AUM size ₹113 Cr
This fund has AUM of ₹113 Cr which is less than its category average of ₹ 678 Cr
Expense Ratio 0.25%
This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of Groww Nifty Total Market Index Fund Direct Growth is ₹12.21 as on 07-May-2024.
Existing (Absolute + CAGR) as on 07-May-2024.
Groww Nifty Total Market Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.68% | 0.68% |
6 Month Returns | 21.17% | 21.17% |
1 Year Returns | 0% | 0% |
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.
0.25% as on April 2024
₹113 Cr as on April 2024
HDFC Bank Ltd(6.53%), Reliance Industries Ltd(5.67%), ICICI Bank Ltd(4.62%), Infosys Ltd(2.9%), Larsen & Toubro Ltd(2.43%) as on April 2024
Financial Services(28.46%), Industrial(11.51%), Consumer Cyclical(10.93%) as on April 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 April 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 April 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 | - | - | - |
As on April 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 | - | - | - |
As on April 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%