Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Plan is a newly launched small-cap index fund with a current NAV of ₹10.4033 as of 16 September 2026 and scheme AUM of ₹8 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund is tagged as High Risk. Our view is that this is a very early-stage option for investors who can handle sharp swings and want exposure to a small-cap momentum-quality theme rather than a steadier core equity allocation.
The fund’s brief history means there is not yet a meaningful long-run return record, so the near-term behaviour matters more than any headline trailing number. The portfolio is spread across 70 disclosed holdings, which can help diversify single-stock impact, but the small-cap segment can still move quickly in both directions.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹10.4033 as of 16 Sep 2026 |
| AUM | ₹8 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 17 Jun 2026 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | No exit load |
| Fund Managers | Nikhil Satam, Aakash Chauhan, Shashi Kumar |
The fund is managed by Nikhil Satam, Aakash Chauhan and Shashi Kumar.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.7% | -4.41% |
| 3M | 4.03% | -3.6% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The fund has only a short listed track record, so the 1-month and 3-month numbers are the clearest read on how it has behaved so far. The 1-month figure was negative, but it still held up better than the benchmark over the same stretch, which suggests the fund absorbed a smaller part of the recent slide.
Over 3 months, the picture improved materially. The fund posted a positive return while the benchmark stayed negative, so the recent quarter has been better for this strategy than for the benchmark. That said, the path was not smooth; the short series shows a mix of gains and setbacks, which is normal for a small-cap theme but still important for investors to expect.
Because the fund launched only in June 2026, there is no meaningful 1-year, 3-year or 5-year performance history yet. In our view, that makes the recent move more useful for observing early volatility than for judging whether the strategy can compound through a full market cycle.
What matters most at this stage is the contrast between the short-term numbers and the benchmark. The fund has been ahead on the 3-month view and less negative on the 1-month view, but the absence of longer history means the case for it still rests on the strategy and portfolio structure rather than on established multi-year outperformance.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Groww Nifty Smallcap 250 Momentum Quality 100 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Groww Nifty Smallcap 250 Momentum Quality 100 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Axis Nifty50 Equal Weight Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Axis Nifty Energy Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| SBI CRISIL-IBX 10:90 Gilt+SDL Index-Dec 2029 Index Fund Direct Growth Plan | Data not available | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the short-term view, this fund is ahead of the benchmark in the periods where a comparison is available, while the peer list in this section does not provide usable return history for a deeper multi-year comparison. That means the current story is more about early behaviour than about a proven longer record.
Because the fund itself is too young for 1-year, 3-year and 5-year figures, we cannot draw a multi-period comparison against peers from the available return data. The practical takeaway is that the strategy has shown better recent momentum than the benchmark, but its place in a peer set still depends on how it behaves once a fuller return record builds up.
Source data date: as of 16 Sep 2026
Want to know more? Log in to Univest for more mutual fund insights.
Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Welspun Corp Ltd | Iron & Steel | 4.12% |
| Sona BLW Precision Forgings Limited | Automobile & Ancillaries | 3.54% |
| HFCL Limited | Telecom | 3.4% |
| Karur Vysya Bank Limited | Bank | 3.35% |
| Navin Fluorine International Limited | Chemicals | 3.31% |
| Anand Rathi Wealth Limited | Finance | 3.07% |
| Gland Pharma Limited | Healthcare | 2.89% |
| Acutaas Chemicals Limited | Healthcare | 2.65% |
| Computer Age Management Services Limited | Business Services | 2.29% |
| Neuland Laboratories Ltd | Healthcare | 2.18% |
The top 10 holdings account for approximately 30.8% of the portfolio.
To see all holdings, visit the Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Plan page
The largest holding, Welspun Corp Ltd, has a weight of 4.12%, which is not especially large for a small-cap portfolio with 70 disclosed holdings. The drop from the first holding to the tenth is fairly modest in absolute terms, from 4.12% to 2.18%, so the visible top slice does not look extremely top-heavy.
At the same time, the top 10 holdings still make up about 30.8% of the portfolio, which suggests the rest of the fund is spread across a long tail of smaller positions. That structure may reduce the impact of any one stock, but it also means the portfolio can still be sensitive to broader small-cap moves because the underlying universe is typically more volatile than large-cap strategies.
Our view is that the holding pattern looks moderately spread out rather than tightly concentrated in just a few names. For investors, that means the fund may deliver theme-driven upside through a broad basket of small-cap stocks, while individual positions are still large enough to matter if sentiment around a specific sector turns quickly.
Source data date: as of 16 Sep 2026
Who should invest
This fund suits investors who can tolerate High Risk volatility and who are comfortable with a small-cap exposure that is still in its early stage. The short-term numbers are better than the benchmark in the periods available, but there is no long-term return record yet, so the main trade-off is between possible momentum-driven upside and the uncertainty that comes with a young strategy.
We think the fund fits a longer investment horizon rather than a short holding period. It is most relevant for investors who want small-cap style participation and can accept that returns may move sharply before a steadier record emerges.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Direct Growth Plan?
Its NAV is ₹10.4033 as of 16 September 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available because the fund is too new for those periods.
How has the fund performed versus the benchmark recently?
It has been ahead of the benchmark in the available short-term periods. The 1-month return was -1.7% versus -4.41% for the benchmark, and the 3-month return was 4.03% versus -3.6%.
Who manages the fund?
Nikhil Satam, Aakash Chauhan and Shashi Kumar manage the fund.
Is there any exit load?
No. The fund has no exit load on redemption.
What is the portfolio style of the fund?
The top 10 holdings account for approximately 30.8% of the portfolio, and the largest holding is 4.12%. That points to a moderately spread small-cap portfolio rather than a very concentrated one.
Bottom line
This is a young small-cap index fund whose short-term pattern has been better than the benchmark in the periods available, but it does not yet have a long-term return record. The portfolio is spread across 70 holdings, with the top 10 making up about 30.8%, so no single stock dominates the visible slice. It may suit investors who want a High Risk small-cap allocation and can stay patient while the strategy builds a fuller track record.
Published on 17 September 2026 at 4:58 PM IST
Explore mutual funds with Univest
Review mutual fund data, compare performance and explore fund insights on Univest.
RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.