Introduction
Groww mutual funds are part of the Groww app. These mutual funds are overseen by Groww’s own Asset Management Company (AMC), which guarantees safety for all investors.
In this article, we’ll delve into Groww mutual funds and explain why they’re a secure investment option.
About Groww mutual fund
While looking at the stock market forecast, Groww mutual funds stand out among asset management companies for their innovative approaches to guiding individuals in investing their funds securely. They provide an extensive selection of mutual funds catering to various investor preferences and objectives, spanning from large-cap to small-cap options.
These mutual funds aim to provide a straightforward, transparent, and dependable way to invest your money and ensure customer satisfaction. They offer investment opportunities backed with strong fundamentals and promising growth potential.
Groww funds operate under Groww Trustee Limited, with support from Groww Invest-Tech Pvt Ltd. SEBI authorizes this company for various financial activities such as stock trading, investment management, research, and mutual fund distribution.
Earlier, Groww mutual funds were called Indiabulls Mutual Fund. Today, they offer many types of investment plans ranging from stocks, to bonds, a mix of both, and ETFs.
As of March 31, 2024, Groww mutual fund manages 11 funds, out of which 5 are equity funds, 4 are debt funds, 1 is a hybrid fund and 1 is an ETF fund. These funds are looked after by 8 different managers.
Types of funds under Groww mutual funds
Here are the different categories of mutual funds offered by Groww.
Equity Funds
Groww’s equity funds focus on investing in company stocks, offering the potential for greater returns. However, they come with increased risks due to market fluctuations. Examples of thesefunds are the Groww Large Cap Fund, Groww ELSS Tax Saver Fund, and Groww Value Fund.
Debt Funds
Groww’s debt funds put your investments into fixed-income assets such as government and corporate bonds, along with other debt instruments. These options are typically perceived as lower risk compared to equity funds, providing investors with steady returns.
For example, you can check out the Groww Overnight Fund, Groww Dynamic Bond Fund, and the Groww Liquid Direct Fund.
Hybrid Funds
Groww’s hybrid funds, which are also referred to as balanced funds, strategically allocate investments into both stocks and bonds.
These funds aim to provide a balance between growth and income while also managing risk. For example, Groww’s Aggressive Hybrid Fund.
ETF’s (Exchange-Traded Funds)
Groww offers ETFs, which are investment vehicles traded on stock exchanges akin to individual stocks.
These funds usually mirror the performance of a particular index, commodity, or collection of assets. An example of this category of fund is the Groww Nifty 50 ETF.
What are the Benefits of Investing in Groww Mutual Funds?
Here are the top benefits you can enjoy by investing in Groww mutual funds.
- They prioritize customers – Groww mutual funds prioritize their customers, ensuring that their requirements and choices are given top priority.
- They focus on wealth creation. Groww’s primary objective is to assist investors in gradually accumulating wealth through easy and strategic investment solutions.
- They prefer transparency and ease – Groww ensures transparency and simplicity in all investment procedures, making it simple for investors to comprehend and get involved.
Conclusion
Groww mutual funds provide diverse investment choices like stocks, bonds, a mix of both, and ETFs. However, it’s essential to remember that before jumping into these options, you should carefully think about spreading your investments across different assets and making sure your investment choices match your long-term goals rather than following short-term trends.
This approach can assist you in crafting a balanced investment portfolio that suits your unique financial needs and ambitions. To invest in mutual funds, open an account with Dhan. Dhan helps you screen mutual funds based on your needs and preferences, making your hornet easy and seamless.
