Groww Largecap Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Groww Largecap Fund Direct Growth Plan has a NAV of ₹51.43 as of 09 Sep 2026 and scheme AUM of ₹136 Cr. Its 1-year, 3-year and 5-year returns are -0.21%, 10.56% and 9.49% respectively, and the fund sits in the High Risk category. Our view is that it has not been a smooth short-term performer, but the longer track record is more constructive than the latest year alone suggests.

The fund’s large-cap mix and meaningful exposure to banks and infrastructure make it better suited to investors who can tolerate swings and prefer a diversified equity core with a tilt toward the market’s larger names.

Quick facts

Particular	Details
NAV	₹51.43 as of 09 Sep 2026
AUM	₹136 Cr
Expense Ratio	1.21%
Launch Date	01 Jan 2013
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 7D, Nil after 7D
Fund Managers	Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja, Nikhil Satam

The fund is managed by Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja and Nikhil Satam.

Source data date: as of 09 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-3.54%	-4.69%
3M	3.59%	0.93%
1Y	-0.21%	-7.16%
3Y	10.56%	6.00%
5Y	9.49%	5.87%

Recent returns have been uneven. Over one month, the fund fell less than the benchmark, which tells us the portfolio held up better than the index in a weak patch. Over three months, it recovered more strongly than the benchmark, so short-term momentum is better than the one-year figure alone suggests.

The one-year return remains slightly negative, but it is still much less weak than the benchmark’s decline. That gap matters: the fund has cushioned the index over the recent year even though both numbers are below zero. This pattern points to intermittent pressure rather than a clean, steady trend.

The longer view is more reassuring. The 3-year and 5-year returns both beat the benchmark by a clear margin, which shows the fund has compounded better through a full market cycle than the index. Our view is that this is not a high-conviction short-term momentum story; it is more of a fund whose longer runway looks stronger than its latest 12 months.

That also means investors should read the short-term weakness in context. The return pattern suggests the portfolio can lag in difficult stretches, but its multi-year record is more consistent with a large-cap equity fund that has participated reasonably well in broader market gains.

Source data date: as of 09 Sep 2026

Should you BUY or HOLD Groww Largecap?

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.

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Peer comparison

Fund	1Y return	3Y return	5Y return
Groww Largecap Fund Direct Growth Plan	-0.21%	10.56%	9.49%
Quant Large Cap Fund Direct Growth Plan	8.13%	13.11%	Data not available
Taurus Large Cap Fund Direct Growth Plan	6.99%	12.61%	10.27%
Bank of India Large Cap Fund Direct Growth Plan	6.82%	12.8%	9.84%
Invesco India Largecap Fund Direct Growth Plan	3.91%	13.77%	11.79%
ITI Large Cap Fund Direct Growth Plan	3.08%	11%	9.6%

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. In the recent period, Groww Largecap Fund Direct Growth Plan trails the stronger peer 1-year numbers by a wide margin, while its own one-year return is still better than the benchmark. That mix tells us the fund has not matched the better short-term peer gains, even though it has held up better than the index.

On the longer horizon, the picture is steadier. Its 3-year return is respectable, but several peers have posted stronger three-year numbers, and the same is true for the 5-year figures where available. So the fund’s longer-term story is competitive, yet not the strongest among the available peer set. The short-term and longer-term comparisons therefore point in different directions: recent performance looks softer, while the multi-year record remains more workable for a patient large-cap allocation.

Source data date: as of 09 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	9.15%
HDFC Bank Limited	Bank	8.22%
Larsen & Toubro Limited	Infrastructure	7.18%
Bharti Airtel Limited	Telecom	5.17%
Net Receivable/Payable	Cash & Cash Equivalents and Net Assets	4.57%
Cummins India Limited	Automobile & Ancillaries	3.71%
Bajaj Finance Limited	Finance	3.69%
Infosys Limited	IT	3.35%
Coforge Limited	IT	3.14%
State Bank of India	Bank	3.14%

The top 10 holdings account for approximately 51.32% of the portfolio.

To see all holdings, visit the Groww Largecap Fund Direct Growth Plan page

ICICI Bank Limited is the largest holding at 9.15%, and that position is likely to have greater influence than any other single stock in the portfolio. The next two holdings, HDFC Bank Limited and Larsen & Toubro Limited, are also meaningful positions, so the portfolio begins with a fairly concentrated set of large names rather than a very even spread.

Weight then steps down gradually. By the tenth holding, the position size is 3.14%, which is much smaller than the largest holding but still material in portfolio terms. The gap from 9.15% to 3.14% suggests that the fund blends a few dominant ideas with a longer list of smaller positions.

Because the displayed top 10 account for 51.32% across 38 holdings, the portfolio is not overly reliant on just one or two stocks, but it also is not fully diffuse. Our view is that this structure may give the fund enough diversification for a large-cap equity strategy while still allowing the larger holdings to matter in performance.

Source data date: as of 09 Sep 2026

Who should invest

This fund is better suited to investors who can accept equity volatility and who are comfortable with a High Risk label. The one-year return has been weak, but the 3-year and 5-year figures are more stable and better than the benchmark, which points to a fund that may reward patience more than quick entry and exit.

It fits a medium- to long-term horizon rather than a short holding period. Investors who want a large-cap core exposure and can tolerate periods of underperformance relative to some peers may find the return pattern understandable. The main trade-off is that the portfolio is built to participate in large-cap equity markets, but that also means returns can fluctuate when market conditions turn difficult.

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: 1% if units are sold within 7 days; nil after 7 days.

Source data date: as of 09 Sep 2026

Frequently asked questions

What is the current NAV of Groww Largecap Fund Direct Growth Plan?
Its NAV is ₹51.43 as of 09 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are -0.21%, 10.56% and 9.49%.

How does the fund compare with the Nifty 50 benchmark?
It has done better than the Nifty 50 over 1 month, 3 months, 1 year, 3 years and 5 years in the figures provided here. The gap is most noticeable over the longer periods.

How does it compare with peer funds on recent returns?
Its 1-year return is lower than the peer funds listed here, while its 3-year and 5-year numbers are competitive but not the strongest in that set.

What is the minimum SIP amount?
The minimum SIP amount is ₹500.

Who manages the fund and what is the exit load?
The fund is managed by Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja and Nikhil Satam. The exit load is 1% if units are sold within 7 days and nil after 7 days.

Bottom line

Groww Largecap Fund Direct Growth Plan has a weaker one-year outcome than its multi-year record, so the latest stretch does not fully reflect the longer pattern. Its benchmark-relative showing is better over the longer periods, while the peer comparison suggests the fund is competitive but not leading on the available return set. With a High Risk profile, a large-cap focus and a moderately concentrated top holding list, it suits investors who can stay invested through uneven phases.

Published on 10 September 2026 at 10:50 AM 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.