Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl

Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl

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Debt
Direct
Short Duration
NAV: ₹ 1014.33 as on 13-06-2024

About the Fund

Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl is a debt fund. This fund was started on 13 September, 2013. The fund is managed by Kaustubh Sule. This fund is suitable to keep your money safe.

Key Parameters

  1. Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl has ₹38 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 4.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.06%, 2.81% and 3.63% respectively.

Holdings

Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.37% Govt Stock 2028, Export-Import Bank Of India, Bajaj Finance Ltd. 8.1%, National Housing Bank, Sundaram Finance Limited

Taxation

As it is a short duration mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl

The Scheme will endeavor to generate stable returns over short term with a low risk strategy while maintaining liquidity through a portfolio comprising debt and money market instruments such that the Macaulay duration of the portfolio is between 1 year – 3 years. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance

Overview

Expense ratio
Expense ratio
0.4%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹38 Cr
Inception Date
Inception Date
13 September, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
78.21%

Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl Distribution as on (31-Dec-69)

  • Debt & Cash 99.8%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Government
75.8%
Corporate
18.2%
Cash Equivalent
6%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 38.4 Cr
₹ 38.3 Cr
₹ 38.1 Cr
  • AUM of the fund stands at 38.4 Cr as of Apr'24
  • AUM increased by 0.1 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl as on (31-May-24)

  • Debt & Cash

Debt Holdings17
Holdings
Weight%
1M Change
7.37% Govt Stock 2028
7.37% Govt Stock 2028
26.23%
0%
Export-Import Bank Of India
Export-Import Bank Of India
7.76%
0%
Bajaj Finance Ltd. 8.1%
Bajaj Finance Ltd. 8.1%
7.76%
0%
National Housing Bank
National Housing Bank
7.75%
0%
Sundaram Finance Limited
Sundaram Finance Limited
7.71%
0%

Fund Manager

Kaustubh Sule
Kaustubh Sule
Fund Manager of Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl, since 11 May 2023

Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

Moderate Risk

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

About the fund

This fund has delivered an average annual returns of 4.67% since inception which is less than its category average return of 5.64%
AUM size ₹38 Cr

AUM size ₹38 Cr

This fund has AUM of ₹38 Cr which is less than its category average of ₹ 3603 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 0.68%

Frequently Asked Questions

The current NAV of Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl is ₹1014.33 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
0.12%
0.12%
6 Month Returns
0.02%
0.02%
1 Year Returns
0.06%
0.06%
3 Years Returns
8.68%
2.81%
5 Years Returns
19.53%
3.63%
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.
0.4% as on May 2024
₹38 Cr as on May 2024
7.37% Govt Stock 2028(26.23%), Export-Import Bank Of India(7.76%), Bajaj Finance Ltd. 8.1%(7.76%), National Housing Bank(7.75%), Sundaram Finance Limited(7.71%) as on May 2024
Government(75.95%), Corporate(18.2%), Cash Equivalent(5.85%) as on May 2024
Yield to Maturity is 7.25 as on May 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 1.99 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Kaustubh Sule is the fund manager of Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl
The Exit load of Groww Short Duration Fund Direct Weekly Reinvestment Inc Dist cum Cap Wdrl is 0%