Groww Liquid Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 9, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Groww Liquid Fund Direct Growth Plan currently has a NAV of ₹2,752.8185 as of 08 Sep 2026 and a scheme AUM of ₹381 Cr. Its 1-year, 3-year and 5-year returns are 6.52%, 6.99% and 6.25% respectively, and the fund carries a Balanced Risk category.
Our view is that this is a short-duration cash-management style option with steady trailing returns rather than sharp upside. The portfolio is built around high-quality money market and near-cash instruments, which supports liquidity and may suit investors who want relatively restrained movement with a liquid-fund profile.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹2,752.8185 as of 08 Sep 2026 |
| AUM | ₹381 Cr |
| Expense Ratio | 0.1% |
| Launch Date | 31 Dec 2012 |
| Min SIP | ₹500 |
| Risk Category | Balanced Risk |
| Benchmark | Nifty 50 |
| Fund Category | Liquid |
| Exit Load | 0.007% for Day 1, 0.0065% on Day 2, 0.0060% on Day 3, 0.0055% on Day 4, 0.0050% on Day 5, 0.0045% on Day 6, NIL on or after 7D |
| Fund Managers | Kaustubh Sule, Wilfred Gonsalves |
The fund is managed by Kaustubh Sule and Wilfred Gonsalves.
Source data date: as of 08 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | 0.54% | -3.86% |
| 3M | 1.68% | 1.69% |
| 1Y | 6.52% | -5.72% |
| 3Y | 6.99% | 6.3% |
| 5Y | 6.25% | 6.05% |
The recent picture is steady rather than dramatic. Over 1 month and 3 months, the fund has stayed mildly positive, which fits a liquid strategy meant to preserve stability more than chase fast gains. The benchmark has been more uneven over the same short windows, especially on the 1-month measure, so the fund has looked smoother in the near term.
Over the longer horizon, the pattern remains consistent. The 1-year return of 6.52% is close to the 3-year return of 6.99% and the 5-year return of 6.25%, which tells us the compounding path has been fairly even. That matters for liquid funds, because it points to an approach that has not depended on a single strong market phase to build returns.
Against the benchmark, the fund is ahead on 1 year, 3 years and 5 years. The gap is especially visible over 1 year, where the benchmark is negative while the fund remains positive. The shorter-term 3-month reading is almost in line with the benchmark, so the stronger long-term profile has not come from a short burst alone.
For investors, that combination suggests restrained volatility with better continuity than the benchmark over the full trailing periods we track here. It is not a return-chasing profile, but it has remained consistent enough to look dependable within its category.
Source data date: as of 08 Sep 2026
Should you BUY or HOLD Groww Liquid?
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 Liquid? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Groww Liquid Fund Direct Growth Plan | 6.52% | 6.99% | 6.25% |
| Aditya Birla SL Liquid Fund Direct Growth Plan | 6.6% | 7.03% | 6.4% |
| Axis Liquid Fund Direct Growth Plan | 6.6% | 7.02% | 6.39% |
| Sundaram Liquid Fund Direct Growth Plan | 6.6% | 7.02% | 6.37% |
| JioBlackRock Liquid Fund Direct Growth Plan | 6.59% | Data not available | Data not available |
| Edelweiss Liquid Fund Direct Growth Plan | 6.57% | 7.03% | 6.38% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
The fund’s 1-year return is slightly below the best peer figures in this set, but the difference is narrow. On 3-year and 5-year numbers, it also sits just under the stronger peer readings, with the gap remaining modest rather than wide.
What stands out is that the fund’s long-term pattern is still close to the peer group’s better outcomes, even though a few peers have edged ahead on each available horizon. The short-term and longer-term views tell a similar story: the fund has been competitive, but not the strongest on the figures available here.
Source data date: as of 08 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Reverse Repo 01-Sep-26 | Cash & Cash Equivalents and Net Assets | 10.75% |
| Indian Bank 06-Nov-2026**# | Certificate of Deposit | 7.78% |
| Canara Bank 15-Sep-2026**# | Certificate of Deposit | 6.54% |
| ICICI Bank Limited 15-Sep-2026**# | Certificate of Deposit | 6.54% |
| NABARD 15-Sep-2026** | Commercial Paper | 6.54% |
| Punjab National Bank 15-Sep-2026# | Certificate of Deposit | 6.54% |
| Kotak Mahindra Bank Limited 24-Sep-2026**# | Certificate of Deposit | 6.53% |
| Sidbi 27-Oct-2026**# | Certificate of Deposit | 6.49% |
| Bharat Petroleum Corporation Limited 24-Sep-2026** | Commercial Paper | 6.4% |
| Union Bank of India 11-Sep-2026# | Certificate of Deposit | 6.28% |
The largest holding is Reverse Repo 01-Sep-26 at 10.75%, which gives the fund a meaningful liquidity buffer. After that, the weights stay tightly grouped, with the tenth holding still at 6.28%, so the drop from the top position is not steep.
That shape suggests a portfolio built around a handful of similarly sized short-term instruments rather than one very large position dominating the mix. The top 10 holdings together account for approximately 70.39% of the portfolio, and the full disclosed list contains 18 holdings, so there is still a noticeable tail beyond the table.
Our view is that this blend may keep day-to-day movement contained while still allowing the fund to earn from short-dated cash and debt instruments. The spread across many near-term bank and corporate instruments could help diversify issuer exposure within a liquid-fund framework, even though the portfolio remains fairly concentrated among the leading positions.
To see all holdings, visit the Groww Liquid Fund Direct Growth Plan page
Source data date: as of 08 Sep 2026
Who should invest
This fund fits investors who are comfortable with a liquid-fund return pattern and do not need equity-style growth. The Balanced Risk label and the steady 1-year, 3-year and 5-year returns suggest a profile that may suit short holding periods or cash-parking needs more than long-term wealth building.
The main trade-off is clear: stability and liquidity come with moderate returns, and the fund has only modestly outpaced its benchmark over longer periods. Compared with peers, it has held close to the better numbers without clearly standing apart, so the appeal is more about consistency than standout performance.
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
- 0.007% for Day 1, 0.0065% on Day 2, 0.0060% for Day 3, 0.0055% for Day 4, 0.0050% for Day 5, 0.0045% for Day 6, NIL on or after 7D
Source data date: as of 08 Sep 2026
Frequently asked questions
What is the current NAV of Groww Liquid Fund Direct Growth Plan?
The current NAV is ₹2,752.8185 as of 08 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s returns are 6.52% for 1 year, 6.99% for 3 years and 6.25% for 5 years.
How has the fund done versus its benchmark?
It has stayed ahead of the benchmark on 1-year, 3-year and 5-year numbers. The difference is strongest over 1 year, where the benchmark is negative while the fund remains positive.
How does it compare with the peer funds listed here?
It is close to the stronger peer readings, but a few peers have slightly higher 1-year, 3-year and 5-year returns on the figures available here. The gap is small, which keeps the comparison fairly tight.
What is the minimum SIP amount?
There is no minimum SIP information available here, so we do not state one.
Who manages the fund and what is the exit load?
The fund is managed by Kaustubh Sule and Wilfred Gonsalves. The exit load steps down from Day 1 to Day 6 and becomes nil on or after 7 days.
Bottom line
Groww Liquid Fund Direct Growth Plan has shown a steady return pattern over 1 year, 3 years and 5 years, with recent performance staying close to its longer-term trend. It has also remained ahead of the benchmark across the same horizons, although the lead is modest over the longer periods. The portfolio is anchored by short-term bank and money-market exposure, with the largest holding providing liquidity support. Overall, it looks suited to investors who value stability, liquidity and consistency more than aggressive return seeking.
Published on 9 September 2026 at 3:06 PM IST
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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.