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Groww Multi Asset Allocation Fund Direct IDCW
★★★★★ monitor_heart Health Score: 53/100 · AverageAxis Mutual Fund · Hybrid · Multi Asset Allocation
₹10.16
AUM: ₹2,293 Cr
NAV updated 17 days ago
Plan
Direct
Option
Idcw
Risk
High
Expense Ratio
1.4%
Exit Load
Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months.
Fund Manager
R Sivakumar, Ashish Naik
Inception
Jan 2013
Benchmark
Groww Equity Hybrid
Sharpe Ratio
-0.35
Std Dev (1Y)
13.18%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+3.14%
3m
+2.21%
6m
+0.15%
1y
+11.21%
3y
+13.85%
5y
+10.8%
10y
+11.9%
since inception
+1.36%
rate_review TopFund's Take on Groww Multi Asset Allocation Fund Direct IDCW
Groww Multi Asset Allocation Fund Direct IDCW sits in the middle of the pack for Multi Asset Allocation funds, currently carrying a 1-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 53/100.
Cost: At 1.4%, the expense ratio runs 119% above the Multi Asset Allocation category average of 0.64%. 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 -0.35 — 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 13.18% is fairly typical for actively managed equity funds.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.
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.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about Groww Multi Asset Allocation Fund Direct IDCW
The current NAV (Net Asset Value) of Groww Multi Asset Allocation Fund Direct IDCW is ₹10.16. NAV is updated every business day after market close by AMFI.
1Y: 11.21% · 3Y CAGR: 13.85% · 5Y CAGR: 10.8%
The expense ratio is 1.4% per annum — the annual fee deducted from your investment to cover fund management costs.
Groww Multi Asset Allocation Fund Direct IDCW is managed by R Sivakumar, Ashish Naik at Axis Mutual Fund.
Groww Multi Asset Allocation Fund Direct IDCW is a High risk fund. Suitable for investors with a 3+ year horizon.
Yes, Groww Multi Asset Allocation Fund Direct IDCW is an equity fund, making it suitable for SIP investments. Regular monthly SIPs help average out market volatility through rupee-cost averaging.
The Assets Under Management (AUM) of Groww Multi Asset Allocation Fund Direct IDCW is ₹2,293 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.