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Groww Money Market Fund Direct IDCW
TopFund Score: 73/100 · Good
How this score is calculated
- Star rating (35%)—
- 3Y CAGR (30%)—
- Expense ratio (20%)0.25%
- AUM (15%)₹62 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Groww Mutual Fund · Debt · Money Market
₹10.5
AUM: ₹61 Cr
NAV updated about 5 hours ago
Plan
Direct
Option
Idcw
Risk
Low to Moderate
Expense Ratio
0.25%
Exit Load
Nil
Fund Manager
Kaustubh Sule
Inception
Nov 2025
Benchmark
CRISIL Money Market A-I Index
Sharpe Ratio
-0.91
Std Dev (1Y)
0.41%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.51%
3m
+1.61%
6m
+3.28%
1y
—
3y
—
5y
—
10y
—
since inception
+4.98%
TopFund's Take on Groww Money Market Fund Direct IDCW
Groww Money Market Fund Direct IDCW holds up reasonably well within the Money Market category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 73/100.
Cost: At 0.25%, the expense ratio runs 56% above the Money Market category average of 0.16%. That gap is worth weighing against the fund's actual performance versus cheaper peers before committing to a long SIP.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.91 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 0.41% is on the lower side for a Money Market fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to conservative investors prioritising capital stability and predictable income over high growth.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Groww Money Market Fund Direct IDCW
The current NAV (Net Asset Value) of Groww Money Market Fund Direct IDCW is ₹10.5. NAV is updated every business day after market close by AMFI.
Return data is not yet available for this fund.
The expense ratio of Groww Money Market Fund Direct IDCW is 0.25% per annum. This is the annual fee charged by the fund to manage your investment.
Groww Money Market Fund Direct IDCW is managed by Kaustubh Sule at Groww Mutual Fund.
Groww Money Market Fund Direct IDCW is classified as a Low to Moderate risk fund. It is suitable for investors with a moderate risk appetite.
Groww Money Market Fund Direct IDCW is a Money Market fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Groww Money Market Fund Direct IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Groww Money Market Fund Direct IDCW is ₹62 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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