The Groww Large Cap Fund is an open-ended equity mutual fund that primarily invests in large-cap companies. It aims to achieve long-term capital appreciation by focusing on blue-chip stocks.Here are the details for the Groww Large Cap Fund – Direct Growth, as of April 21, 2025:
Fund Overview
- Name: Groww Large Cap Fund – Direct Growth
- Fund House: Groww Mutual Fund
- Launch Date: February 10, 2012
- Fund Type: Open-ended Equity Scheme
- Category: Large Cap
- Benchmark: NIFTY 100 Total Return Index
- Fund Manager: Anupam Tiwari
- NAV (as of April 17, 2025): ₹47.80
- Assets Under Management (AUM): ₹120.37 Crores
- Expense Ratio: 1.03%
- Exit Load: 1% if redeemed within 7 days
- Lock-in Period: None
Minimum Investment:
- Lump Sum: ₹500
- SIP: ₹500
Fund Manager of Groww Large Cap Fund
The Groww Large Cap Fund is managed by Anupam Tiwari, who took over as the fund manager in May 2023.
About Anupam Tiwari
- Professional Background: Mr. Tiwari brings over 18 years of experience in the mutual fund industry. Subsequently, he held roles as an Equity Fund Manager at Reliance Life Insurance Company (10 months), Principal at PNB Asset Management Company (5.5 years), and Axis Asset Management Company (6.5 years) in his most recent assignment prior to joining Groww Mutual Fund.
Mr. Tiwari also manages other schemes under Groww Mutual Fund, including:
- Groww ELSS Tax Saver Fund Direct Growth
- Nifty Total Market Index Fund Direct Growth
- Groww Banking & Financial Services Fund Direct Growth
- Groww Multicap Fund Direct Growth
Groww Large Cap Fund Share Price
As of April 17, 2025, the Net Asset Value (NAV) for the Groww Large Cap Fund is as follows:
- Direct Growth Plan: ₹47.80
- Regular Growth Plan: ₹39.98
Performance Review
- Long-Term Performance: The fund has delivered solid returns over the 5-year horizon (≈19.96% annualized), outperforming many peers in the large-cap category.
- Short-Term Volatility: Its 1-year return (~4.7%) is below the large-cap category average, which suggests recent underperformance or a conservative portfolio shift.
- SIP Return Consistency: While 1-year SIP returns are slightly negative, longer-term SIPs (3-5 years) have performed well, indicating it rewards patience.
Summary
The Groww Large Cap Fund – Direct Growth aims for long-term capital appreciation by investing predominantly in blue-chip large-cap companies. While it has delivered consistent returns over the years, its recent 1-year performance has been modest compared to its peers.
The fund maintains a diversified portfolio with a significant allocation to the financial sector. Investors seeking exposure to large-cap equities with a long-term investment horizon may consider this fund, keeping in mind its high-risk profile.
Who Should Invest?
Ideal for:
- Long-term investors (5+ years)
- First-time mutual fund investors wanting to stick to large-caps
- Those who prefer investing via SIPs and want digital convenience
Avoid if:
- You want stable, short-term returns
- You have a low risk tolerance
- You’re seeking aggressive alpha generation (mid/small-cap may suit better)
Final Verdict
Groww Large Cap Fund is a solid beginner-friendly fund that sticks to large-cap quality stocks. It is best suited for long-term investors who want to ride market growth via blue-chip companies.
Recent underperformance is a red flag for short-term chasers, but the fund’s track record and diversified core portfolio make it a decent bet for steady capital appreciation in the long run.
Groww Large Cap Fund Portfolio
As of March 31, 2025, the Groww Large Cap Fund maintains a diversified portfolio with a focus on large-cap equities. Here’s an overview of its holdings:
Top 10 Equity Holdings
| Company Name | Sector | Allocation (%) |
|---|---|---|
| HDFC Bank Ltd. | Private Sector Bank | 9.31% |
| ICICI Bank Ltd. | Private Sector Bank | 9.26% |
| State Bank of India | Public Sector Bank | 5.64% |
| Bharti Airtel Ltd. | Telecom Services | 4.13% |
| Larsen & Toubro Ltd. | Civil Construction | 3.72% |
| Mahindra & Mahindra Ltd. | Automobile – Passenger Vehicles | 3.50% |
| Bajaj Finance Ltd. | Non-Banking Financial Company (NBFC) | 3.49% |
| Infosys Ltd. | IT Services & Consulting | 3.36% |
| Cholamandalam Investment & Finance Co. Ltd. | Non-Banking Financial Company (NBFC) | 3.16% |
| Titan Company Ltd. | Consumer Goods – Jewellery & Watches | 3.14% |
Sector Allocation
The fund’s investments are spread across various sectors:
- Financial Services: Approximately 46.5%
- Technology: Around 9.1%
- Consumer Cyclical: Approximately 7.8%
- Healthcare: Around 5.3%
- Industrials: Approximately 4.6%
Portfolio Composition
- Number of Stocks: 43
- Top 5 Holdings Concentration: 32.06%
- Top 10 Holdings Concentration: 48.71%
- Large Cap Holdings: 56.37%
- Mid Cap Holdings: 8.78%
- Small Cap Holdings: 2.79%
The fund exhibits a strong inclination towards the financial sector, with significant investments in major banks and NBFCs. This strategy aims to leverage the stability and growth potential of established financial institutions.
However, investors should consider sector concentration risks and align their investment choices with their risk tolerance and financial goals.
Groww Large Cap Fund Returns
Here is a detailed overview of the Groww Large Cap Fund performance across various timeframes, based on the most recent data available:
Annualized Returns
| Time Period | Direct Plan Returns | Regular Plan Returns | Category Average |
|---|---|---|---|
| 1 Year | -1.5% | 15.99% | 18.30% |
| 3 Years | 15.2% | 14.26% | 14.81% |
| 5 Years | 14.3% | 12.47% | 15.61% |
| Since Inception | 12.4% | 11.63% | 14.89% |
Growth of ₹10,000 Investment
| Time Period | Direct Plan Value | Regular Plan Value |
|---|---|---|
| 1 Year | ₹9,850 | ₹11,599.50 |
| 3 Years | ₹15,200 | ₹14,923.90 |
| 5 Years | ₹19,500 | ₹18,010.50 |
| Since Inception | ₹31,000 | ₹41,190.00 |
Performance Insights
- Short-Term Performance: The Direct Plan has experienced a slight decline over the past year (-1.5%), while the Regular Plan has shown a positive return of 15.99%.
- Long-Term Performance: Over 3 and 5 years, both plans have delivered consistent returns, with the Direct Plan slightly outperforming the Regular Plan.
- Since Inception: The Regular Plan has achieved a cumulative return of 311.90%, translating to an annualized return of 11.63%.
Risk Metrics
- Standard Deviation: 12.69%
- Sharpe Ratio: 0.53
- Beta: 0.98
- Jensen’s Alpha: 0.79%
- R-squared: 0.95
Groww Large Cap Fund Direct Growth
Certainly! Here’s a comprehensive overview of the Groww Large Cap Fund – Direct Growth as of early 2025:
Performance Summary
| Time Period | Fund Returns | Benchmark Returns (NIFTY 100 TRI) |
|---|---|---|
| 1 Year | 7.77% | 10.30% |
| 3 Years | 12.62% | 12.34% |
| 5 Years | 13.77% | 16.02% |
| Since Inception | 13.01% | 13.82% |
Investment Growth Illustration
| Investment Period | ₹10,000 Invested Would Become |
|---|---|
| 1 Year | ₹10,777.43 |
| 3 Years | ₹14,284.10 |
| 5 Years | ₹19,057.52 |
| Since Inception | ₹43,893.56 |
Groww Large Cap Fund Regular Growth
Here is a comprehensive overview of the Groww Large Cap Fund – Regular Growth as of early 2025:
Performance Summary
| Time Period | Fund Returns | Benchmark Returns (NIFTY 100 TRI) |
|---|---|---|
| 1 Year | 26.01% | 25.34% |
| 3 Years | 14.28% | 14.47% |
| 5 Years | 13.56% | 16.76% |
| Since Inception | 11.90% | 14.37% |
Investment Growth Illustration
| Investment Period | ₹10,000 Invested Would Become |
|---|---|
| 1 Year | ₹12,601.43 |
| 3 Years | ₹14,925.80 |
| 5 Years | ₹18,886.16 |
| Since Inception | ₹42,240.00 |
Risk Metrics
- Standard Deviation: 13.125
- Beta: 0.96
- Sharpe Ratio: 0.502
Strengths of Groww Large Cap Fund
1) Large Cap Stability
- Invests in top 100 companies by market capitalization (like HDFC Bank, ICICI Bank, Infosys), which are financially stable and time-tested.
- These stocks are generally less volatile than mid- or small-cap companies.
2) Good Long-Term Returns
- The fund has delivered competitive long-term returns, especially over 3–5 years.
- 5-year CAGR for the Direct Plan is ~13.77% (as of Jan 2025), which is healthy for a large-cap strategy.
3) Experienced Fund Manager
- Managed by Anupam Tiwari, who has 18+ years in equity markets across multiple AMCs.
- His experience helps with stock selection and risk management.
4) Low Minimum Investment
- Requires just ₹500 to start SIP or lump sum—great for first-time investors.
5) High Liquidity
- Large-cap stocks are highly liquid, making the fund easier to buy/sell without price impact.
Risks of Groww Large Cap Fund
1) Recent Underperformance
- The fund’s 1-year return has lagged behind benchmark and category averages recently.
- This could be due to conservative stock picking or underweighting in high-growth sectors.
2) High Expense Ratio (Especially in Regular Plan)
- Regular Plan: ~2.42% expense ratio
- Direct Plan: ~1.27%
- Higher costs eat into net returns—especially for long-term investors.
3) Sector Concentration
- Heavy allocation to financials (~40%). If banking or NBFCs underperform, the fund could take a hit.
4) Benchmark Hugging
- Performance metrics suggest the fund closely follows the index, which may limit alpha generation.
- Alpha over 5 years is negative in some analyses—meaning less outperformance.
5) High Market Risk
- As an equity mutual fund, it carries “very high” risk, as labeled by SEBI’s Riskometer.
- Not suitable for investors with short time horizons or low risk tolerance.
Summary
| Strengths | Risks |
|---|---|
| Blue-chip stock exposure | Recent returns below benchmark |
| Solid long-term track record | High fees (esp. Regular Plan) |
| Low entry barrier (₹500) | Sector concentration in financials |
| Experienced fund manager | Low alpha generation |
| Lower volatility than small-caps | Still exposed to overall market risk |
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