Groww Mutual Fund has introduced a Multi Asset Allocation Fund, an open-ended scheme that invests across different asset classes. These include shares, debt, commodities, gold, and silver.
In recent years, interest in such funds has grown because they adjust investments across assets depending on market conditions. This reduces the risk—if one asset falls, the overall impact on the fund remains limited.
NFO Details and Tax Benefits
The New Fund Offer (NFO) of the Groww Multi Asset Allocation Fund is open until September 24.
The fund will invest over 65% in equities to take advantage of equity tax rules.
Equity funds enjoy tax exemption on long-term capital gains up to ₹1.25 lakh.
The remaining 35% will go into debt and commodities.
Exit Load and Investment Options
The fund follows the SHAASTRA model (Strategic Holistic Asset Allocation and Systematic Technical Risk Assessment).
Fund managers: Paras Matalia, Kaustubh Sule, and Wilfred Gonsalves.
Minimum investment: ₹500 (lump sum) and ₹100 (SIP).
Exit load of 1% if redeemed within 30 days.
No exit load after 30 days.
Fund Benchmark
The benchmark for this fund is a blended index:
Nifty 500 Index TRI – 60%
CRISIL Composite Bond Fund Index – 30%
Gold INR – 5%
Silver INR – 5%
Groww Mutual Fund says this scheme is suitable for investors who want exposure to multiple asset classes within a single portfolio.
Should You Invest?
The multi asset allocation category has given:
8.12% average return in 1 year
16.46% average return in 3 years
However, experts caution that investment decisions should not be based only on past returns. It is best to consult a financial advisor before investing
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