Groww Multicap Fund Analyst Review: NAV, Returns and Key Insights 2026
- May 28, 2026
- Posted by: Kunal Singla
- Category: News
Offering a 1-year return of 16.60% and a 3-month gain of 5.65%, the Groww Multicap Fund provides investors with measured exposure to its underlying investment universe. The fund manages Rs 489.24 crore in assets at a NAV of Rs 11.49. This review breaks down its returns history, expense structure, and who should consider adding it to their portfolio in 2026.
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What Is the Groww Multicap Fund?
The Groww Multicap Fund is a Multi Cap equity fund required to maintain a minimum 25% exposure each to large-cap, mid-cap, and small-cap stocks. This mandatory allocation across all three segments provides broad market diversification. The fund carries a Very High risk rating and is suited for investors who want comprehensive equity market participation through a single investment.
Groww Multicap Fund NAV and AUM
The current NAV of the Groww Multicap Fund Direct Growth plan is Rs 11.49. NAV is updated each trading day and reflects the closing market prices of the fund’s underlying securities. Always verify the most recent NAV on the AMC website or a registered mutual fund platform before placing any transaction.
With an AUM of Rs 489.24 crore, the fund is relatively nimble. This can be advantageous for portfolio agility and the ability to take positions without significant market impact. Investors should track AUM trends alongside performance metrics when evaluating this fund.
Groww Multicap Fund Returns: Performance Snapshot
| Period | Returns |
|---|---|
| 1 Month | 4.72% |
| 3 Months | 5.65% |
| 1 Year | 16.60% |
| 3 Years (Annualised) | Not Available |
| 5 Years (Annualised) | Not Available |
Performance for the Groww Multicap Fund has been measured, delivering 16.60% over one year and 5.65% over three months. This level of return is broadly in line with its investment category average. Patient investors with a long-term horizon may find that consistent moderate compounding creates significant wealth over time, provided the underlying investment thesis remains intact.
Expense Ratio and Cost Efficiency
At 1.00% per annum, the expense ratio of the Groww Multicap Fund Direct Growth plan is moderate for its peer group. The direct plan remains more cost-efficient than the regular variant. Investors should factor the total cost of ownership into their long-term return calculations and compare across category peers before making a final decision.
Who Should Invest in Groww Multicap Fund?
The Groww Multicap Fund carries a Very High risk rating and is appropriate for investors with a high risk appetite and a minimum 5 to 7-year horizon. The minimum SIP is Rs 500 and minimum lumpsum is Rs 500. Conservative investors and those with short-term goals should avoid this fund. Always consult a SEBI-registered investment advisor before allocating capital.
Key Risks to Consider
Timing Risk: Entry at peak valuations during a theme’s popularity can result in extended periods of underperformance. Thematic funds are highly sensitive to investor entry and exit timing.
Regulatory Risk: Sectors such as defence, pharma, and energy can be significantly impacted by government policy changes or regulatory shifts that are difficult to predict in advance.
Theme Obsolescence: Investment themes may lose relevance due to technological disruption, changing consumer behaviour, or structural shifts in the underlying industry.
Market Volatility: Equity-linked funds can experience sharp short-term NAV corrections during periods of broad market sell-offs, sector-specific adverse events, or macro-level uncertainty.
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Conclusion
Steady returns, a competitive expense ratio of 1.00%, and an AUM of Rs 489.24 crore position the Groww Multicap Fund as a reliable performer within its category. For patient investors with a 5 to 7-year horizon, its consistent management offers a dependable wealth-building vehicle. Ensure the fund fits your risk profile by consulting a SEBI-registered investment advisor.
Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.
Frequently Asked Questions
What is the current NAV of Groww Multicap Fund?
Ans. The current NAV of the Groww Multicap Fund Direct Growth plan is Rs 11.49. NAV is updated each trading day and reflects the closing market value of the fund’s underlying holdings. Always verify the most recent NAV on the AMC website or a SEBI-registered mutual fund platform before transacting.
What are the returns of Groww Multicap Fund?
Ans. The fund has delivered a 1-year return of 16.60% and a 3-month return of 5.65%. The 3-year annualised return is Not Available and the 5-year annualised return is Not Available. Past performance does not guarantee future results and should be evaluated alongside the fund’s risk profile and benchmark comparison.
What is the expense ratio of Groww Multicap Fund Direct Growth?
Ans. The expense ratio of the Groww Multicap Fund Direct Growth plan is 1.00% per annum. The direct plan eliminates distributor commissions and is more cost-efficient than the regular plan. Investors should always opt for the direct plan to maximise long-term net returns through the compounding advantage of lower costs.
Is this fund suitable for conservative investors?
Ans. No. This fund carries a Very High risk rating due to concentrated exposure to a specific market segment or investment theme. It is not suitable for conservative investors or those with short investment timelines. A minimum 5 to 7-year horizon and a high risk tolerance are required prerequisites. Consult a SEBI-registered investment advisor before investing.
What is the minimum SIP amount for this fund?
Ans. The minimum monthly SIP is Rs 500 and the minimum lumpsum investment is Rs 500. The low entry thresholds make the fund accessible across income levels. A regular SIP approach is recommended to average out entry costs over time, particularly given the high-volatility nature of this fund’s category.
What category and sub-category does this fund belong to?
Ans. This fund is an equity fund with a focused investment mandate aligned to its stated category. It falls under the Multi Cap Fund sub-category and is available as a direct growth plan, which eliminates distributor commissions and typically offers superior net returns compared to the regular plan.
