Groww Multi Asset Omni FOF Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Groww Multi Asset Omni FOF Direct Growth Plan is a very new fund with a current NAV of ₹10.2599 as of 15 September 2026 and a scheme AUM of ₹78 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it sits in the High Risk category. Our view is that this is still an early-stage product with limited return history, so the main question is not past compounding but whether the underlying multi-asset mix can justify the risk profile over a longer holding period.

The fund has a low expense ratio and a broad basket of underlying mutual fund and related exposures, which may help it behave differently from a plain equity fund. At the same time, recent returns have not yet established a clear edge, so the fund looks more suitable for investors who can accept uncertainty and want an all-in-one multi-asset structure rather than those looking for an established track record.

Quick facts

Particular	Details
NAV	₹10.2599 as of 15 Sep 2026
AUM	₹78 Cr
Expense Ratio	0.0%
Launch Date	22 Dec 2025
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Fund of Fund
Exit Load	No exit load
Fund Managers	Paras Matalia, Wilfred Gonsalves, Shashi Kumar

The fund is managed by Paras Matalia, Wilfred Gonsalves and Shashi Kumar.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.96%	-4.41%
3M	-0.21%	-3.6%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The short-window numbers point to a fund that has held up a little better than the benchmark, but the edge is modest. In the 1-month and 3-month periods, the fund’s returns are less negative than NIFTY 50, which suggests some cushioning during a weak market phase.

That said, the fund’s brief history limits how far we can read into those swings. The return pattern shows only a small move around the opening level and a later soft patch, so there is not yet enough evidence to describe a strong compounding trend.

Because the scheme launched in late 2025, the 1-year, 3-year and 5-year figures are not available as meaningful trailing returns. For that reason, the current assessment rests mainly on the short-term pattern and the structure of the portfolio rather than on long-horizon consistency.

Against the benchmark, the fund has been a touch steadier over the last few weeks. Still, the spread is not wide enough to call the recent behaviour decisive, and the longer-term picture remains incomplete.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD Groww Multi Asset Omni FOF?

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 Multi Asset Omni FOF? Thinking of investing now?

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Peer comparison

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

Fund	1Y return	3Y return	5Y return
Groww Multi Asset Omni FOF Direct Growth Plan	Data not available	Data not available	Data not available
SBI Silver ETF FOF Direct Growth Plan	76.71%	Data not available	Data not available
Kotak Silver ETF FoF Direct Growth Plan	75.91%	45.12%	Data not available
Axis Silver FoF Direct Growth Plan	74.42%	45.18%	Data not available
Zerodha Silver ETF FoF Direct Growth Plan	73.46%	Data not available	Data not available
Nippon India Silver ETF FOF Direct Growth Plan	72.65%	43.94%	Data not available

The current fund does not yet have a comparable trailing return history, while the peer set shows very strong 1-year numbers in the silver-linked FOF space. That makes the comparison mostly one-sided on recent performance: the peers have measurable gains, whereas this fund is still too new for a meaningful 1-year reading.

Where 3-year figures exist, the peers with available history also show positive outcomes, which puts the current fund at an informational disadvantage rather than a performance disadvantage. The key point is that the short-term table tells us more about the peer group’s strength than about this scheme’s long-term standing.

For readers, the important distinction is that the current fund’s story is still being built. Its portfolio is multi-asset in nature, so it should not be judged only against the silver-FOF names in the table, but on the evidence available here, the peers have a much firmer return record.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
HDFC Large Cap Fund -Direct Growth	Domestic Mutual Funds Units	14.81%
ICICI Pru Largecap Fund – Di -Growth	Domestic Mutual Funds Units	13.85%
Motilal Oswal Large & Midcap Fund-Dirgr	Domestic Mutual Funds Units	13.07%
Invesco Midcap Fund – Dir-Growth	Domestic Mutual Funds Units	10.12%
Kotak Contra Fund – Dir – Growth	Domestic Mutual Funds Units	9.9%
HDFC Credit Risk Debt Fund – Dir-Growth	Domestic Mutual Funds Units	6.29%
Motilal Oswal Smallcap Fund -Dir-Growth	Domestic Mutual Funds Units	6.21%
ICICI Pru Bharat Consumption Fund – DG	Domestic Mutual Funds Units	4.2%
Bandhan Dynamic Bond Fund – Dir-Growth	Domestic Mutual Funds Units	4.18%
Motilal Oswal Nifty Capital Market ETF	Domestic Mutual Funds Units	3.83%

The largest holding is HDFC Large Cap Fund -Direct Growth at 14.81%, which is sizeable enough to matter, but not so large that it overwhelms the rest of the disclosed basket. The gap from the first holding to the tenth is significant, yet the fall-off is not abrupt; the weights taper from the mid-teens into the low single digits.

The top 10 holdings together account for approximately 86.46% of the portfolio, and there are 16 disclosed holding rows in total. That tells us the fund is fairly concentrated in its leading positions, even though the holdings span several equity-oriented and debt-oriented underlying funds.

This structure may mean a few positions could have greater influence on short-term movement, while the rest of the disclosed basket provides additional balance. Because the holdings are all underlying domestic mutual fund units, the portfolio is layered rather than a direct stock basket, so the mix may behave differently from a single-asset equity fund.

To see all holdings, visit the Groww Multi Asset Omni FOF Direct Growth Plan page

Source data date: as of 15 Sep 2026

Who should invest

This fund is better suited to investors who can handle High Risk exposure and are comfortable with a new scheme that does not yet have a mature return record. The short-term numbers are slightly better than the benchmark, but they are not enough to establish a strong pattern across longer horizons.

A longer investment horizon makes more sense here because the scheme launched only in December 2025. Investors who want a multi-asset structure with equity, debt and other fund exposure may find the design useful, but they must accept that the track record is still limited.

The main trade-off is between diversification and proof. The portfolio is spread across multiple underlying funds, which may smooth the experience, but the fund still needs time before its return behaviour becomes more informative.

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 15 Sep 2026

Frequently asked questions

What is the current NAV of Groww Multi Asset Omni FOF Direct Growth Plan?
The current NAV is ₹10.2599 as of 15 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.

How has the fund performed against Nifty 50 recently?
It has been less negative than Nifty 50 in both the 1-month and 3-month periods. That suggests some short-term resilience, although the history is still very short.

How does it compare with the listed peer funds on recent returns?
The listed peer funds show much stronger 1-year figures where history is available, while this fund does not yet have a comparable trailing return record. That makes the peer set look more established on recent performance.

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 Paras Matalia, Wilfred Gonsalves and Shashi Kumar. The exit load is no exit load.

Bottom line

Groww Multi Asset Omni FOF Direct Growth Plan is still too new for a long-horizon return judgment, so the recent picture matters more than the trailing record. Its short-term behaviour has been a little steadier than Nifty 50, but the peer table shows more established recent performance among the comparable funds listed here. The portfolio is concentrated in underlying fund positions rather than direct stocks, and that layered structure may appeal to investors who want a diversified multi-asset design and can accept a High Risk profile with limited history.

Published on 17 September 2026 at 1:22 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.