Groww Short Term Fund Review: Plans, NAV, Returns and Portfolio Analysis 2026

Groww Short Term Fund is a short duration fund offered by Groww Mutual Fund, available in Direct and Regular Plans across Growth. The scheme aims to generate income by investing in debt and money market instruments such that the Macaulay duration of the portfolio stays between 1 year and 3 years. With multiple variants, Groww Short Term Fund lets investors choose between different cost structures and payout approaches within the same base scheme.

This article reviews Groww Short Term Fund across all its available plans and options, covering the latest NAV, expense ratio, portfolio approach, performance, exit load and investor suitability, based on publicly available data as of August 2026.

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Groww Short Term Fund Plans and Options Available

Groww Short Term Fund is offered across 8 scheme codes. The table below lists all available variants with ISIN codes and latest NAV figures.

Scheme Code	Plan	Option	ISIN (Growth / Payout)	ISIN (Reinvestment)	NAV (Rs)	NAV Date
123704	Direct Plan	Growth	INF666M01AC0	-	2541.7118	20-Jul-2026
123706	Direct Plan	Growth	INF666M01AH9	INF666M01AE6	1018.4969	20-Jul-2026
123707	Direct Plan	Growth	INF666M01AI7	INF666M01AF3	1020.9336	20-Jul-2026
123705	Direct Plan	Growth	INF666M01AG1	INF666M01AD8	1019.3283	20-Jul-2026
123708	Regular Plan	Growth	INF666M01AJ5	-	2197.2545	20-Jul-2026
123710	Regular Plan	Growth	INF666M01AO5	INF666M01AL1	1018.3263	20-Jul-2026
123711	Regular Plan	Growth	INF666M01AP2	INF666M01AM9	1026.8213	20-Jul-2026
123709	Regular Plan	Growth	INF666M01AN7	INF666M01AK3	1019.0437	20-Jul-2026

Investment Objective and Portfolio Approach

Groww Short Term Fund seeks to generate income by investing in debt and money market instruments such that the Macaulay duration of the portfolio stays between 1 year and 3 years.

In terms of portfolio construction, the scheme holds a mix of corporate bonds, government securities and money market instruments targeting a Macaulay duration of 1 to 3 years.

Groww Short Term Fund Performance and Returns

Groww Short Term Fund has delivered returns that are dependent on the fund manager's portfolio decisions, market conditions and the expense ratio differential between plans; investors should check the latest factsheet for current figures. Performance across individual plans and options may vary slightly due to differing expense ratios and whether gains are paid out under the IDCW option or reinvested under the Growth option.

The Direct Plan of any mutual fund typically delivers a slightly higher return than the Regular Plan of the same scheme over time, since it charges a lower expense ratio by excluding distributor commission. Investors should review the latest scheme factsheet from the AMC for current performance figures.

Direct Plan vs Regular Plan: Key Differences in Groww Short Term Fund

The Direct Plan of Groww Short Term Fund is available for investors transacting directly with the AMC or through a registered investment advisor, and carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener.

Over longer holding periods, the compounding effect of this cost difference can be meaningful, which is why cost conscious investors often prefer the Direct Plan when they are comfortable transacting without distributor support.

Growth Option vs IDCW Option in Groww Short Term Fund

The Growth option of Groww Short Term Fund reinvests any gains back into the scheme NAV, supporting long term wealth compounding for investors who do not need periodic payouts.

The IDCW option of Groww Short Term Fund distributes available surplus to unit holders according to the chosen frequency, subject to the fund house declaring a distribution. Payouts under any IDCW option are not guaranteed and depend on distributable surplus.

Expense Ratio and Exit Load

The expense ratio for the Regular Plan of Groww Short Term Fund is not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, while the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. This is the annual fee deducted from the scheme's assets.

The exit load on the scheme is typically a small exit load for redemptions within a specified period; investors should confirm in the scheme information document.

Who Should Consider the scheme

Conservative income seekers. The scheme suits investors looking for stable income with lower volatility than equity funds.

Medium term investors. A holding period matching the scheme's duration target is generally advisable for the scheme.

Investors stepping down risk. The scheme can be suitable for investors shifting from equity to debt as they approach a financial goal.

Key Risks in the scheme

Interest rate risk. The NAV of the scheme is sensitive to changes in interest rates and benchmark yields.

Credit risk. Debt holdings carry issuer credit risk, and any downgrade or default in the portfolio can affect NAV.

Reinvestment risk. Maturing bonds may need to be reinvested at lower yields in a falling interest rate environment.

How to Invest in Groww Short Term Fund

Investors evaluating Groww Short Term Fund should begin by deciding between the Direct and Regular Plan, and between the Growth option for long term compounding and the IDCW option for periodic payouts.

Completing KYC through a SEBI registered intermediary or the AMC portal is mandatory before investing for the first time. Investors who have existing KYC registration can proceed directly.

Investment in Groww Short Term Fund can be made as a lump sum or through a Systematic Investment Plan of at least Rs 1,000 lump sum for most short duration funds, followed by regular monitoring of NAV and portfolio composition at least quarterly.

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Conclusion

Groww Short Term Fund is a short duration fund scheme from Groww Mutual Fund available across 8 plan and option variants, giving investors flexibility in cost structure and payout approach. The representative NAV of Rs 2541.7118 for the Direct Plan Growth option as on 20-Jul-2026 reflects the scheme's performance since launch. Investors should review the latest scheme information document and consult a SEBI registered advisor before investing.

Frequently Asked Questions on Groww Short Term Fund

What plans and options are available in Groww Short Term Fund?

Ans. Groww Short Term Fund is available in Direct and Regular Plans and Growth, giving investors 8 scheme codes to choose from depending on cost preference and payout requirements.

What is the latest NAV of Groww Short Term Fund?

Ans. The latest NAV of the Direct Plan Growth option of Groww Short Term Fund is Rs 2541.7118 as on 20-Jul-2026. NAVs for all plan and option variants are updated at the end of every business day.

What is the investment objective of Groww Short Term Fund?

Ans. The primary objective of Groww Short Term Fund is to generate income by investing in debt and money market instruments such that the Macaulay duration of the portfolio stays between 1 year and 3 years.

What is the difference between the Direct and Regular Plan in Groww Short Term Fund?

Ans. The Direct Plan of Groww Short Term Fund carries lower than the Regular Plan of the same scheme, since it excludes distributor commission, excluding distributor commission. The Regular Plan carries not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener. The lower cost of the Direct Plan can improve long term compounding.

What is the expense ratio of Groww Short Term Fund?

Ans. The Regular Plan of Groww Short Term Fund carries an expense ratio of not independently verified; investors should check the latest expense ratio on the AMC website or Univest Screener, and the Direct Plan carries lower than the Regular Plan of the same scheme, since it excludes distributor commission. The exact current figure can be confirmed in the latest AMC factsheet.

What is the exit load on Groww Short Term Fund?

Ans. The exit load on Groww Short Term Fund is typically a small exit load for redemptions within a specified period; investors should confirm in the scheme information document. Investors should confirm this in the current scheme information document before redeeming.

Who should invest in Groww Short Term Fund?

Ans. Groww Short Term Fund can suit investors whose financial goals, risk appetite and investment horizon align with the short duration fund category. Consult a SEBI registered advisor to assess personal suitability.

Is Groww Short Term Fund a good investment?

Ans. Groww Short Term Fund can be appropriate for investors who understand the short duration fund category mandate and are comfortable with the associated risk. Past performance does not guarantee future returns.