2023

July
FACTSHEET
 HOW TO READ FACTSHEET

Fund Manager

An employee of the asset management company investment manager to a mutual fund, who manages investments of the scheme. He/She is usually part of a larger investment team.

Application Amount for Fresh Subscription

This is the minimum investment amount that a new investor shall invest in a mutual fund scheme.

Minimum Additional Amount

This is the minimum investment amount for an existing investment from an investor in the mutual fund scheme.

Yield to Maturity

The Yield to Maturity or the YTM is the rate of return anticipated on a bond if held until maturity. YTM is expressed as an annual rate. The YTM factors in the bond’s current
market price, par value, coupon interest rate and time to maturity.

SIP

SIP or Systematic Investment Plan works on the principle of making periodic investments of a fixed sum in the scheme. For instance, an investor may opt for SIP that invests `500 every
15th of the month in an equity fund for a period of three years or such amount as mentioned in the application form by the investor .

NAV

The NAV or the Net Asset Value is the total asset value per unit of the mutual fund scheme after deducting all related and permissible expenses. The NAV is calculated at the end of
every business day. It is the value at which the investor enters or exits the mutual fund scheme.

Benchmark

A group of securities, usually a market index, whose performance is used as a standard or benchmark to measure investment performance of a scheme under a mutual funds, among other
investments. Some typical benchmarks include the Nifty, Sensex, BSE200, BSE500, 10-Year Gsec. Further, the benchmark against whose performance of the scheme is shall be mentioned
and in line with the benchmark adopted by mutual fund and mentioned in ‘SID’ Scheme Information Document.

Exit Load

Exit load is charged at the time an investor redeems the units of a scheme. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the
NAV is `100 and the exit load is 1%, the redemption price would be ` 99 Per Unit. Please refer the SID to know in detail about the exit load.

Modified Duration

Modified duration is the price sensitivity and the percentage change in price for a unit change in yield

Standard Deviation

Standard deviation is a statistical measure of the range of an investment’s performance. When a mutual fund has a high standard deviation, its means its range of performance
is wide, implying greater volatility.
 HOW TO READ FACTSHEET

R Square

The R-squared figure demonstrates how much of a fund's movements can be explained by the movements in its benchmark index. The higher the R-squared figure, the more
closely the fund's performance can be explained by its index, whereas a fund with a lower R-squared doesn't behave much like its index.

Beta

Beta is a measure of an investment’s volatility vis-à-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1
implies that the security’s price will be more volatile than the market.

AUM

AUM or Assets Under Management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.

Macaulay duration

Macaulay duration is defined as the weighted average time to full recovery of principal and interest payments of a bond i.e. the weighted average maturity of cash flows. The
weight of each cash flow is determined by dividing the present value of the cash flow by the price of the bond.

Holdings

The holdings or the portfolio is a mutual fund’s latest or updated reported statement of investments/securities. These are usually displayed in terms of percentage to net assets
or the rupee value or both in line with SEBI Circulars/Regulation. The objective is to give investors an idea of where their money is being invested by the fund manager.

Nature of Scheme

The investment objective and underlying investments determine the nature of the mutual fund scheme. For instance, a mutual fund that aims at generating capital appreciation by
investing in stock markets is an equity fund or growth fund. Likewise, a scheme of a mutual fund that aims at capital preservation by investing in debt markets is a debt fund
or income fund. Each of these categories may have sub-categories and in line with SEBI Categorization Circular.

Rating Profile

Mutual funds invest in securities after evaluating their creditworthiness as disclosed by the ratings. A depiction of the mutual fund in various investments based on their ratings
becomes the rating profile of the fund. Typically, this is a feature of debt funds.
 Snapshot of Equity

Groww Large Cap Fund (formerly Known As Groww Value Fund (formerly Known As Groww ELSS Tax Saver Fund (formerly Known As
Scheme Name
Indiabulls Bluechip Fund) Indiabulls Value Fund) Indiabulls Tax Savings Fund)

Type of Scheme (Large Cap Fund- An open ended equity scheme predominantly (An open ended equity scheme following a value investment strategy) (An open ended equity linked saving scheme with a statutory lock-in
investing in large cap stocks) of 3 years and tax benefit.)

Scheme Characteristics
Min 80% of total assets in large cap equity stocks Value Investment Strategy with Min 65% of total assets in Equity Min 80% of total assets in large equity with a lock in period of 3 years

Indicative Investment Horizon 4 years & above 5 years & above 5 years & above
Investment Style Growth Value Growth
Fund Style Matrix
Capitalisation Large Cap Mid & Small Cap Large & Mid Cap
Inception Date February 10, 2012 September 8, 2015 December 28, 2017

Benchmark NIFTY100 - TRI Nifty 500 TRI S&P BSE 500 TRI

Fund Manager Mr. Anupam Tiwari Debt - Mr. Kaustubh Sule Debt - Mr. Kaustubh Sule

Equity - Mr. Anupam Tiwari Equity - Mr. Anupam Tiwari

Fund Overview
Monthly Average AUM (Rs. in ` 97.91 Crore ` 10.35 Crore ` 38.31 Crore
Crores)
Month End AUM (Rs. in Crores) ` 98.16 Crore ` 10.57 Crore ` 38.56 Crore
Portfolio Turnover 0.76 0.94 0.81
Standard Deviation# 4.1000 4.2024 3.8182
Sharpe Ratio# 0.80 0.97 0.84
Beta# 0.96 0.96 0.89
R Square# 0.94 0.90 0.95
Expense Ratio$ (Regular Plan / 2.25% / 1.01% 2.25% / 1.08% 2.25% / 0.85%
Direct Plan)

Market Capitalisation* (%)

Large Cap 79.86 70.15 74.31
Mid Cap 5.40 7.13 9.40
Small Cap 6.92 13.48 9.74

Portfolio Details
Number of Stocks 42 35 43
Top 10 Stocks (%) 49.75 48.99 44.04
Top 5 Sectors (%) 58.81 59.04 58.02

Other Details
Exit Load a) 1% if redeemed/ switched out within a) 1% if redeemed/ switched out within Nil
7 Days from the date of allotment. 1 year from the date of allotment.
b) Nil - if redeemed/ switched out after b) NIL, if redeemed/ switched out after 1
7 Days from the date of allotment year from the date of allotment

Data as on July 31, 2023. Please consult your financial advisor before investing. $The rates are the actual expenses charged as at the end of the month. Different Plans have different expense structure. For details, please refer to respective page of the scheme in the factsheet. Please refer pg no 20 & 21 for
Product Labelling. #Risk free rate : FBIL Overnight Mibor Rate (6.60% as on July 31, 2023). *Market Capitalisation as per Amfi guidelines.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
 Snapshot of Hybrid & ETF Funds

Groww Arbitrage Fund (formerly Known As Groww Aggressive Hybrid Fund (formerly Known As Groww Nifty50 Exchange Traded Fund (formerly Known
Scheme Name
Indiabulls Arbitrage Fund) Indiabulls Equity Hybrid Fund) As Indiabulls Nifty50 Exchange Traded Fund)

Type of Scheme (An open ended scheme investing in arbitrage opportunities.) (An open ended hybrid scheme investing predominantly in equity and (An open-ended Scheme tracking Nifty50 Index)
equity related instruments)
Scheme Characteristics Investment in arbitrage opportunities with a min 65% of total Equity - 65% to 80% of total assets; ETF endeavors to mirror the returns given by the
assets in Equity Debt - 20% to 35% of total assets Nifty 50 as closely as possible post expenses

Indicative Investment Horizon 3 months & above 4 Years & above 4 Years & above
Investment Style - Growth Growth
Fund Style Matrix
Capitalisation - Large Cap Large Cap
Inception Date December 19, 2014 December 13, 2018 April 26, 2019

Benchmark NIFTY 50 Arbitrage Index CRISIL Hybrid 35+65 - Aggressive Index Nifty 50 TRI (Total Return Index)

Fund Manager Debt - Mr. Kaustubh Sule & Debt - Mr.Karan Singh
Debt - Mr. Kaustubh Sule
Mr.Karan Singh
Equity - Mr. Anupam Tiwari
Equity - Mr. Anupam Tiwari
Equity - Mr. Anupam Tiwari

Fund Overview
Monthly Average AUM (Rs. in ` 4.40 Crore ` 35.44 Crore ` 3.35 Crore
Crores)
Month End AUM (Rs. in Crores) ` 4.41 Crore ` 35.03 Crore ` 3.38 Crore
Portfolio Turnover 9.97 0.99 0.05
Standard Deviation# 0.1632 3.2198 -
Sharpe Ratio# -6.48 1.67 -
Beta# 0.23 1.08 -
R Square# 0.25 0.89 -
Expense Ratio$ (Regular Plan / 1.14% / 0.44% 2.25% /0.80% NA / 0.53%
Direct Plan)

Market Capitalisation* (%)

Large Cap 50.61 66.46 -
Mid Cap 8.84 3.60 -
Small Cap 8.30 6.52 -

Portfolio Details
Number of Stocks 11 39 51
Top 10 Stocks (%) 66.02 42.00 58.12
Top 5 Sectors (%) 47.11 49.42 67.76

Other Details
Exit Load a) 0.25%, if redeemed/ switched out a) 1% if redeemed/ switched out within Nil
within one month from the date of 7 Days from the date of allotment.
allotment. b) Nil - if redeemed/ switched out after
b) Nil, if redeemed/ switched out after 7 Days from the date of allotment
one month from the date of allotment.

Data as on July 31, 2023. Please consult your financial advisor before investing. $The rates are the actual expenses charged as at the end of the month. Different Plans have different expense structure. For details, please refer to respective page of the scheme in the factsheet. Please refer pg no 20 & 21 for
Product Labelling. #Risk free rate : FBIL Overnight Mibor Rate (6.60% as on July 31, 2023). *Market Capitalisation as per Amfi guidelines.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
 Snapshot Of Debt & Hybrid Funds
Groww Liquid Fund (formerly Groww Short Duration Fund (formerly Groww Dynamic Bond Fund (formerly Known
Groww Overnight Fund (formerly Known
Known As Indiabulls Known As Indiabulls
As Indiabulls Overnight Fund) Liquid Fund) Short Term Fund) As Indiabulls Dynamic Bond Fund)
Type of Scheme (An open ended debt scheme investing in (An open ended liquid scheme. A An open ended short term debt scheme investing in
(An Open-Ended dynamic debt scheme investing across
overnight securities. A relatively low interest rate relatively low interest rate risk andinstruments such that the Macaulay Duration of the
portfolio is between 1 year and 3 years. A Moderate duration. A relatively high interest rate risk and moderate credit
risk and relatively low credit risk) moderate credit risk.) risk.)
Interest Rate Risk and Moderate Credit Risk.
Max Security level Maturity of upto 91 Macaulay duration of the portfolio is between Investment in debt instruments including but not limited to bonds,
Scheme Characteristics Max Security level Maturity of upto 1 day only
1 year – 3 years debentures, government securities and money market instruments over
days only
various maturity periods
Indicative Investment Horizon 1 day & above 1 day & above 1 year & above 2 year & above
Credit Quality High High Medium to High Medium to High
Fund Style Matrix
Interest Rate Sensitivity Low Low Medium Medium to High
Inception Date July 08, 2019 October 25, 2011 September 13, 2013 December 6, 2018

Benchmark CRISIL Liquid Overnight Index CRISIL Liquid Debt B-I Index CRISIL Short Duration Debt B-II Index CRISIL Dynamic Bond B-III Index

Fund Manager Mr. Karan Singh & Mr. Kaustubh Sule Mr. Karan Singh & Mr. Kaustubh Sule Mr. Karan Singh & Mr. Kaustubh Sule Mr. Kaustubh Sule

Fund Overview
Monthly Average AUM (Rs. in Crores) ` 45.40 Crore ` 149.46 Crore ` 40.65 Crore ` 36.44 Crores
Month End AUM (Rs. in Crores) ` 40.29 Crore ` 149.56 Crore ` 40.65 Crore ` 36.41 Crores
Modified Duration 2.00 Day 37.00 Days 2.83* Years 5.19 Years
Average Maturity 2.00 Day 37.00 Days 3.22 Years 7.38 Years
Annualized YTM 6.44% 6.91% 7.28% 7.24%
Expense Ratio$ (Regular Plan/ Direct Plan) 0.18%/0.08% 0.35% / 0.25% 1.20% / 0.40% 1.45% / 0.45%

Composition of Assets (%)

Certificate of Deposit - 26.59% - -
Treasury Bills - 25.23% - -
Fixed Deposit - 0.40% 1.23% 1.37%
Commercial Papers - 46.45% - -
Non Convertible Debentures - - 17.13% 8.20%
Government securities - - 78.10% 85.44%
TREPS/Reverse Repo/ Net current assets 100.00% 1.32% 3.54% 4.99%

Composition by Ratings (%)

AAA & Equivalent - - 17.13% 8.20%
AA/AA- & Equivalent - - - -
A1+ & Equivalent - 73.04% - -
SOV - 25.23% 78.10% 85.44%
Cash & Others 100.00% 1.72% 4.77% 6.36%

Other Details
Exit Load Nil Investor Exit Exit Load as a % of Nil Nil
upon subscription* redemption proceeds
Day 1 0.0070 %
Day 2 0.0065 %
Day 3 0.0060 %
Day 4 0.0055 %
Day 5 0.0050 %
Day 6 0.0045 %
Day 7 onwards 0.0000 %

Data as on July 31, 2023. Please consult your financial advisor before investing. $The rates are the actual expenses charged as at the end of the month. Different Plans have different expense structure. For details, please refer to respective page of the scheme in the factsheet. Please refer pg no 20 & 21 for
Product Labelling. *Macaulay Duration. Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
 GROWW OVERNIGHT FUND
(FORMERLY KNOWN AS INDIABULLS OVERNIGHT FUND)
(An open ended debt scheme investing in overnight securities. A relatively low interest rate
risk and relatively low credit risk)

JULY 2023

Investment Objective

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities
having maturity of 1 business day. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or guarantee
any returns.

Fund Snapshot Portfolio

Inception Date (Date of Allotment) Company Name % to NAV
08th July, 2019 *TREPS/Reverse Repo/Net current assets 100.00%
Benchmark
Grand Total 100.00%
CRISIL Liquid Overnight Index
Fund Manager *TREPS : Tri-party repo dealing system
Mr. Karan Singh
(Managing Fund Since May 29, 2020)
Managing the Scheme since 3 Years
Mr. Kaustubh Sule
(Managing Fund Since May 11, 2023)
Managing the Scheme since 2.5 Month
Minimum Investment Amount (for fresh application)
For Lumpsum & SIP : ` 500 and in multiples of ` 1/-
thereafter
Minimum Additional Investment
` 500 and in multiples of ` 1/- thereafter
Load Structure (as % of NAV)
Entry Load: Not Applicable
Exit Load: Nil
Fund Size (as on July 31, 2023)
Monthly Average AUM ` 45.40 Crore Performance Report
Month End AUM ` 40.29 Crore
Regular Plan Scheme Benchmark* Additional Benchmark**
Maturity and Yield
Period Returns Value of Std Returns Value of Returns Value of
(%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
Rs. 10,000
Modified Average Macaulay Annualized invested invested
invested
Duration Maturity Duration YTM
7 days 6.1753 10,011.84 6.4405 10,012.35 5.9228 10,011.36
2.00 Day 2.00 Day 2.00 Day 6.44%
15 days 6.1840 10,025.41 6.4430 10,026.48 6.7261 10,027.64
1 Month 6.2361 10,052.96 6.4300 10,054.61 6.0229 10,051.15
Total Expense Ratio
1 Year 5.8319 10,583.19 6.3164 10,631.64 6.4073 10,640.73
Direct Plan 0.08% 3 Years 4.0640 11,269.42 4.3977 11,378.17 4.3985 11,378.44
Regular Plan 0.18%
5 Years NA NA NA NA NA NA
(Including Additional Expenses and goods and service tax
on management fees.) Since Inception 4.1121 11,780.30 4.3851 11,906.38 5.1478 12,264.05

NAV of Plans / Options Per Unit *CRISIL Liquid Overnight Index, **CRISIL 1 Yr T-Bill Index.
Returns shown for 7 days, 15 days and 30 days are computed on Simple Annualised basis. Returns greater than 1
Regular Plan Direct Plan year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall
Growth ` 1178.03 Growth ` 1182.26 have different expense structure. The performance details provided herein are of Regular Plan. Returns are for
Daily IDCW Daily IDCW Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for
` 1001.01 ` 1001.00
computation. Please refer page no.18 & 19 for name of the other schemes currently managed by the Fund
Weekly IDCW ` 1000.94 Weekly IDCW NA
Managers and relevant scheme for performance. Past performance may or may not be sustained in future. Data
Fortnightly IDCW ` 1001.90 Fortnightly IDCW NA as on 31st July 2023
Monthly IDCW ` 1006.46 Monthly IDCW ` 1006.59

Fund Style

Credit Quality
High Mid Low
High

Interest Rate
Sensitivity
Mid
Low

Data as on 31st July 2023 01

 GROWW LIQUID FUND
(FORMERLY KNOWN AS INDIABULLS LIQUID FUND)
(An open ended liquid scheme. A relatively low interest rate risk and moderate credit risk.)

JULY 2023

Investment Objective
To provide a high level of liquidity with returns commensurate with low risk through a portfolio of money market and debt securities with maturity of upto 91 days. However,
there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or guarantee any returns.

Fund Snapshot Portfolio

Inception Date (Date of Allotment) Company Name Rating Class % to NAV
25th October, 2011 Treasury Bills
Benchmark 182 Day Treasury Bill 31-Aug-2023 SOV 6.65%
CRISIL Liquid Debt B-I Index 182 Days Treasury Bill 14-Sep-2023 SOV 6.63%
182 Days Treasury Bill 29-Sep-2023 SOV 6.62%
Fund Manager
182 Days Treasury Bill 17-Aug-2023 SOV 5.33%
Mr. Karan Singh
Sub-Total 25.23%
(Managing Fund Since May 29, 2020) Commercial Papers
Managing the Scheme since 3 Years GIC Housing Finance Ltd A1+ 6.67%
Mr. Kaustubh Sule Toyota Fin Ser India Ltd CP 18-Aug-2023 A1+ 6.66%
Standard Chartered Capital Limited A1+ 6.66%
(Managing Fund Since May 11, 2023)
Reliance Retail Ventures Ltd A1+ 6.64%
Managing the Scheme since 2.5 Month Kotak Mahindra Investments Ltd. A1+ 6.61%
Larsen & Toubro Limited A1+ 6.61%
Minimum Investment Amount (for fresh application) Redington Limited A1+ 6.60%
For Lumpsum & SIP : ` 500 and in multiples of ` 1/- Sub-Total 46.45%
thereafter Certificate of Deposits
Export Import Bank of India A1+ 6.67%
Minimum Additional Investment
Punjab National Bank A1+ 6.67%
` 500 and in multiples of ` 1/- thereafter
Bank Of Maharashtra -CD- 28-Aug-2023 A1+ 6.65%
Axis Bank Limited A1+ 6.60%
Load Structure (as % of NAV)
Sub-Total 26.59%
Entry Load: Not Applicable
Fixed Deposit (Debt)
Exit Load: (w.e.f. October 19, 2019) HDFC Bank Limited 0.40%
Sub-Total 0.40%
Investor exit Day 7
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6 Tri Party Repo (TREPs)
upon subscription* onwards
Exit Load as a % of *TREPS/Reverse Repo/Net current assets 1.32%
0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% 0.0000%
redemption proceeds Grand Total 100.00%
*The date of applicable NAV towards redemption units shall be considered
for calculating the number of subscription days. *TREPS : Tri-party repo dealing system

Fund Size (as on July 31, 2023)

Rating Profile Composition of Asset
Monthly Average AUM ` 149.46 Crore
TREPS/Reverse Repo/
Month End AUM ` 149.56 Crore
Net Current Assets
Maturity and Yield FD 1.32%
0.40%

Modified Average Macaulay Annualized T-Bills

Duration Maturity Duration YTM 25.23% CP
A1+/SOV/FD
37 Days 37 Days 37 Days 6.91% 46.45%
98.67%

Total Expense Ratio

Certificate
Direct Plan 0.25%
Note : TREPS/Reverse Repo/Net Current Assets of 1.32% of Deposits
Regular Plan 0.35% 26.59%
(Including Additional Expenses and goods and service tax
on management fees.)
Performance Report

NAV of Plans / Options Per Unit Regular Plan Scheme Benchmark* Additional Benchmark**
Regular Plan Direct Plan Period Returns Value of Std Returns Value of Returns Value of
Growth Growth (%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
` 2208.31 ` 2230.96
Rs. 10,000
Daily IDCW ` 1001.15 Daily IDCW ` 1001.06 invested invested
invested
Weekly IDCW ` 1001.61 Weekly IDCW ` 1000.54
7 days 6.3521 10,012.18 6.5991 10,012.66 5.9228 10,011.36
Fortnightly IDCW ` 1001.53 Fortnightly IDCW ` 1001.62
Monthly IDCW ` 1005.88 Monthly IDCW ` 1034.60 15 days 6.4462 10,026.49 6.7183 10,027.61 6.7261 10,027.64

Fund Style 1 Month 6.6376 10,056.37 6.8734 10,058.38 6.0229 10,051.15

1 Year 6.2794 10,627.94 6.7814 10,678.14 6.4073 10,640.73
Credit Quality
3 Years 4.2595 11,333.07 4.7827 11,504.54 4.3985 11,378.44
High Mid Low
5 Years 4.9971 12,762.78 5.4365 13,032.19 5.7232 13,210.44
Since Inception 6.9610 22,083.14 6.9426 22,038.39 6.5720 21,155.95
High

*CRISIL Liquid Debt B-I Index, **CRISIL 1 Yr T-Bill Index.

Returns shown for 7 days, 15 days and 30 days are computed on Simple Annualised basis. Returns greater than 1
Interest Rate
Sensitivity

year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall
Mid

have different expense structure. The performance details provided herein are of Regular Plan. Returns are for
Growth Option only. In case the start/end date is non business day, the NAV of previous working day is used for
computation. Please refer page no.18 & 19 for name of the other schemes currently managed by the Fund
Managers and relevant scheme for performance. Past performance may or may not be sustained in future. Data
as on 31st July 2023
Low

Data as on 31st July 2023 02

 GROWW SHORT DURATION FUND
(FORMERLY KNOWN AS INDIABULLS SHORT TERM FUND)
An open ended short term debt scheme investing in instruments such that the Macaulay Duration of the
portfolio is between 1 year and 3 years. A Moderate Interest Rate Risk and Moderate Credit Risk.

JULY 2023

Investment Objective

The Scheme will endeavor to generate stable returns over short term with a low risk strategy while maintaining liquidity through a portfolio comprising debt and money market
instruments such that the Macaulay duration of the portfolio is between 1 year – 3 years. However, there can be no assurance that the investment objective of the scheme will be
achieved. The Scheme does not assure or guarantee any returns.

Fund Snapshot Portfolio

Inception Date (Date of Allotment) Company Name Rating Class % to NAV
13th September, 2013
Govt Securities
Benchmark
7.38% GOI MAT 20-Jun-2027 SOV 65.66%
CRISIL Short Duration Debt B-II Index
8.08% Haryana SDL - 28-Jan-2025 SOV 12.44%
Fund Manager
Sub-Total 78.10%
Mr. Karan Singh
(Managing Fund Since May 29, 2020) Corporate Bonds/NCD
Managing the Scheme since 3 Years National Bank for Agriculture and Rural Development AAA 8.58%
Mr. Kaustubh Sule Small Industries Development Bank of India AAA 8.55%
(Managing Fund Since May 11, 2023) Sub-Total 17.13%
Managing the Scheme since 2.5 Month Fixed Deposit
Minimum Investment Amount (for fresh application) HDFC Bank Limited 0.98%
For Lumpsum & SIP : ` 500 and in multiples of ` 1/- HDFC Bank Limited 0.25%
thereafter Sub-Total 1.23%
Minimum Additional Investment Tri Party Repo (TREPs)
` 500 and in multiples of ` 1/- thereafter *TREPS/Reverse Repo/Net current assets 3.54%
Load Structure (as % of NAV) Grand Total 100.00%
*TREPS : Tri-party repo dealing system
Entry Load: Not Applicable
Exit Load: Nil Rating Profile Composition of Asset
Fund Size (as on July 31, 2023) TREPS/Reverse Repo/
Net Current Assets
Monthly Average AUM ` 40.65 Crore 3.54%
Month End AUM ` 40.65 Crore FD
1.23%
Maturity and Yield Govt Securities
SOV/ AAA/FD 78.10%
Bonds/ NCD
96.46% 17.13%
Modified Average Macaulay Annualized
Duration Maturity Duration YTM
2.72 Years 3.22 Years 2.83 Years 7.28% Note : TREPS/Reverse Repo/Net Current Assets of 3.54%

Total Expense Ratio Performance Report

Direct Plan 0.40% Regular Plan Scheme Benchmark* Additional Benchmark**

Regular Plan 1.20% Period Returns Value of Std Returns Value of Returns Value of
(Including Additional Expenses and goods and service tax (%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
on management fees.) Rs. 10,000
invested invested
invested
NAV of Plans / Options Per Unit 1 Year 4.7570 10,478.37 7.3349 10,737.65 7.8879 10,793.27

Regular Plan Direct Plan 3 Years 3.1129 10,963.24 5.5766 11,767.99 2.8853 10,890.82
Growth ` 1819.54 Growth ` 2045.70 5 Years 4.4118 12,410.76 7.1981 14,158.52 6.4738 13,686.39
Weekly IDCW ` 1011.65 Weekly IDCW ` 1011.73 Since Inception 6.2426 18,195.44 7.9049 21,213.36 6.6858 18,959.74
Fortnightly IDCW ` 1014.62 Fortnightly IDCW ` 1012.72
*CRISIL Short Duration Debt B-II Index, **CRISIL 10 Year Gilt Index.
Monthly IDCW ` 1018.61 Monthly IDCW ` 1012.82
Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into
consideration. Different plans shall have different expense structure. The performance details provided herein are
Fund Style of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of
previous working day is used for computation. Please refer page no.18 & 19 for name of the other schemes
Credit Quality currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may
not be sustained in future. Data as on 31st July 2023
High Mid Low
High

Interest Rate
Sensitivity
Mid
Low

Data as on 31st July 2023 03

 GROWW DYNAMIC BOND FUND
(FORMERLY KNOWN AS INDIABULLS DYNAMIC BOND FUND)
(An Open-Ended dynamic debt scheme investing across duration. A relatively high interest
rate risk and moderate credit risk.)
JULY 2023

Investment Objective

To generate reasonable returns commensurate with the risk taken by active duration management of the portfolio. The Scheme would be investing in debt instruments including
but not limited to bonds, debentures, government securities and money market instruments over various maturity periods. However, there can be no assurance that the
investment objective of the scheme will be achieved. The Scheme does not assure or guarantee any returns.

Fund Snapshot Portfolio

Inception Date (Date of Allotment) Company Name Rating Class % to NAV
06th December, 2018 Govt Securities
Benchmark 7.26% GOI MAT 06-Feb-2033 SOV 63.54%
CRISIL Dynamic Bond B-III Index 7.06% GOI - 10-Apr-2028 SOV 20.52%
Fund Manager 7.38% GOI MAT 20-Jun-2027 SOV 1.38%
Mr. Kaustubh Sule Sub-Total 85.44%
(Managing Fund Since May 11, 2023)
Corporate Bonds/NCD
Managing the Scheme since 2.5 Month
National Bank for Agriculture and Rural Development AAA 4.11%
Minimum Investment Amount (for fresh application) Small Industries Development Bank of India AAA 4.09%
For Lumpsum & SIP : ` 500 and in multiples of ` 1/-
Sub-Total 8.20%
thereafter
Fixed Deposit
Minimum Additional Investment
HDFC Bank Limited 1.10%
` 500 and in multiples of ` 1/- thereafter HDFC Bank Limited 0.27%
Load Structure (as % of NAV)
Sub-Total 1.37%
Entry Load: Not Applicable
Tri Party Repo (TREPs)
Exit Load: Nil
*TREPS/Reverse Repo/Net current assets 4.99%
Grand Total 100.00%
Fund Size (as on July 31, 2023) *TREPS : Tri-party repo dealing system

Monthly Average AUM ` 36.44 Crore Rating Profile Composition of Asset

Month End AUM ` 36.41 Crore TREPS/Reverse Repo/
Net Current Assets
Maturity and Yield
4.99%
FD
1.37%
Modified Average Macaulay Annualized Bonds/ NCD
Duration Maturity Duration YTM SOV/AAA/FD 8.20%
95.01% Govt
5.19 Years 7.38 Years 5.38 Years 7.24% Securities
85.44%
Total Expense Ratio

Direct Plan 0.45% Note : TREPS/Reverse Repo/Net Current Assets of 4.99%

Regular Plan 1.45%
(Including Additional Expenses and goods and service tax Performance Report
on management fees.)
Regular Plan Scheme Benchmark* Additional Benchmark**
NAV of Plans / Options Per Unit Period Returns Value of Std Returns Value of Returns Value of
(%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
Regular Plan Direct Plan Rs. 10,000
invested invested
Growth ` 1292.70 Growth ` 1324.28 invested
Daily IDCW ` 1004.27 Daily IDCW ` 1003.47 1 Year 5.1381 10,516.70 8.2480 10,829.50 7.8879 10,793.27
Weekly IDCW ` 1003.03 Weekly IDCW ` 1003.28 3 Years 3.9518 11,233.00 6.4106 12,049.09 2.8853 10,890.82
Fortnightly IDCW ` 1005.30 Fortnightly IDCW ` 1006.03
5 Years NA NA NA NA NA NA
Monthly IDCW ` 1002.78 Monthly IDCW ` 1002.77
Since Inception 5.6704 12,927.00 8.4800 14,606.50 5.8873 13,050.98
Fund Style
* CRISIL Dynamic Bond B-III Index, ** CRISIL 10 Year Gilt Index.
Credit Quality Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into
consideration. Different plans shall have different expense structure.
High Mid Low The performance details provided herein are of Regular Plan. Returns are for Growth Option only. In case the
start/end date is non business day, the NAV of previous working day is used for computation. Please refer page no.
High

18 & 19 for name of the other schemes currently managed by the Fund Managers and relevant scheme for
performance. Past performance may or may not be sustained in future. Data as on 31st July 2023
Interest Rate
Sensitivity
Mid
Low

Data as on 31st July 2023 04

 GROWW LARGE CAP FUND
(FORMERLY KNOWN AS INDIABULLS BLUECHIP FUND)
(Large Cap Fund- An open ended equity scheme predominantly investing in large cap stocks)

JULY 2023

Investment Objective
The primary investment objective of the Scheme is to seek to provide long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related
securities of blue-chip large-cap companies. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or
guarantee any returns.

Fund Snapshot Portfolio

Inception Date (Date of Allotment)
Company Name Industry/ Rating % to NAV Company Name Industry/ Rating % to NAV
10th February, 2012
Benchmark Equity & Equity Related Holdings Industries Limited Biotechnology
NIFTY 100 - TRI ICICI Bank Limited Banks 9.35% Birlasoft Limited IT - Software 1.19%
HDFC Bank Limited Banks 7.99% Ujjivan Financial Finance 1.14%
Fund Manager Larsen & Toubro Limited Construction 5.75% Services Limited
Mr. Anupam Tiwari ITC Limited Diversified FMCG 4.90% Bharat Electronics Limited Aerospace & Defense 1.13%
(Managing Fund Since May 11, 2023) State Bank of India Banks 4.20% DLF Limited Realty 1.09%
Bajaj Finance Limited Finance 4.04% Bank of Baroda Banks 1.07%
Managing the Scheme since 2.5 Month
Axis Bank Limited Banks 3.95% Creditaccess Grameen Ltd Finance 1.06%
Minimum Investment Amount (for fresh application) UltraTech Cement Limited Cement & 3.30% Bharat Dynamics Limited Aerospace & Defense 1.06%
Entry Load: Not Applicable Cement Products Samvardhana Motherson Auto Components 1.06%
Tata Motors Limited Automobiles 3.27% International Limited
Exit Load: a) 1% if redeemed/ switched out within 7 Bharti Airtel Limited Telecom - Services 3.00% Nestle India Limited Food Products 0.99%
Days from the date of allotment. Cholamandalam Investment Finance 2.11% SBI Life Insurance Insurance 0.99%
and Finance Company Ltd Company Limited
b) Nil - if redeemed/ switched out after 7 Days from Tata Consultancy IT - Software 0.97%
Mahindra & Mahindra Ltd Automobiles 2.04%
the date of allotment. Services Limited
Infosys Limited IT - Software 2.03%
Godrej Consumer Personal Products 0.95%
Minimum Additional Investment Reliance Industries Limited Petroleum Products 2.02% Products Limited
` 500 and in multiples of ` 1/- thereafter MphasiS Limited IT - Software 1.88% KEI Industries Limited Industrial Products 0.93%
Persistent Systems Limited IT - Software 1.82% Sansera Engineering Ltd Auto Components 0.86%
Load Structure (as % of NAV) Asian Paints Limited Consumer Durables 1.72% JK Lakshmi Cement Limited Cement & 0.68%
Entry Load: Not Applicable Cummins India Limited Industrial Products 1.70% Cement Products
Exit Load: a) 1% if redeemed/ switched out within 7 Bajaj Auto Limited Automobiles 1.52% Jio Financial Services Limited Finance 0.47%
InterGlobe Aviation Limited Transport Services 1.49% Total Equity & Equity Related Holdings 92.18%
Days from the date of allotment.
Maruti Suzuki India Limited Automobiles 1.48% Tri Party Repo (TREPs)
b) Nil - if redeemed/ switched out after 7 Days from IndusInd Bank Limited Banks 1.48% *TREPS/Reverse Repo/Net current assets 7.81%
the date of allotment. Titan Company Limited Consumer Durables 1.45% Grand Total 100.00%
Britannia Industries Limited Food Products 1.44%
Fund Size (as on July 31, 2023) Ambuja Cements Limited Cement & 1.39%
Cement Products
Monthly Average AUM ` 97.91 Crore Sun Pharmaceutical Pharmaceuticals & 1.22%
Month End AUM ` 98.16 Crore *TREPS : Tri-party repo dealing system
Sectoral Allocation (TOP 10)
Portfolio Details
30.00% 28.04%
Top 10 Stocks 49.75% 25.00%
Top 5 Sectors 58.81%
20.00%
Total Expense Ratio 15.00% 14.30%
Direct Plan 1.01% 10.00% 8.82% 8.31% 7.89%
Regular Plan 2.25% 5.75% 5.37% 4.90%
5.00% 3.17% 3.00% 2.63%
(Including Additional Expenses and goods and service tax
on management fees.) 0.00%
Diversified FMCG
Construction

Consumer Durables

Others
Banks

Automobiles

Products

Telecom - Services

Industrial Products
Finance

IT - Software

Cement & Cement

Quantitative / Volatility Measures

Standard Sharpe Portfolio

Deviation Ratio* Turnover
4.1000 0.80 0.76% SIP Returns

Scheme Benchmark* Additional Benchmark**

No. of Period Investment Returns Value of Returns Value of Returns Value of
Beta R Square
Stocks Amount (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
0.96 0.94 (Rs.) invested invested invested
42
1 Year 1,20,000 17.51 1,30,997 19.31 1,32,101 21.01 1,33,135
*Annualised. Risk free rate assumed to be 6.60 3 Years 3,60,000 12.83 4,35,783 15.41 4,52,199 16.50 4,59,240
(FBIL OVERNIGHT MIBOR)
5 Years 6,00,000 12.38 8,18,398 16.08 8,96,524 16.89 9,14,420
NAV of Plans / Options Per Unit 7 Years 8,40,000 11.02 12,43,129 14.57 14,11,317 15.70 14,69,262
10Years 12,00,000 11.06 21,30,208 13.88 24,76,458 14.45 25,53,310
Regular Plan Direct Plan Since Inception 13,80,000 11.18 27,10,646 13.93 32,20,178 14.36 33,08,896
Growth ` 32.2000 Growth ` 37.5800
IDCW ` 18.1400 IDCW ` 21.7800 *NIFTY 100 - TRI, **S&P BSE SENSEX-TRI
Monthly IDCW Monthly IDCW Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per
` 18.5500 ` 16.8000
unit of the scheme as on the first working day for the respective time periods. The loads have not been taken into
Quarterly IDCW ` 19.2200 Quarterly IDCW ` 20.9800
account. Past performance may or may not be sustained in future. The performance details provided herein are of
Half YearlyIDCW ` 19.3300 Half YearlyIDCW ` 21.1400 Regular Plan. Returns are for Growth option only. CAGR returns are computed after accounting for the cash flow by
using XIRR method (investment internal rate of return).

Data as on 31st July 2023 05

 GROWW LARGE CAP FUND
(FORMERLY KNOWN AS INDIABULLS BLUECHIP FUND)
Large Cap Fund- An open ended equity scheme predominantly investing in large cap stocks)

JULY 2023

Fund Style Performance Report

Investment Style
Regular Plan Scheme Benchmark* Additional Benchmark**
Growth Blend Value
Period Returns Value of Std Returns Value of Returns Value of
(%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
Large

Rs. 10,000
invested invested
invested
1 Year 13.9412 11,402.27 14.0758 11,415.82 16.9291 11,702.94
Capitalisation

3 Years 18.3186 16,563.79 21.9462 18,134.49 22.3799 18,328.65

Medium

5 Years 8.9510 15,355.27 12.3518 17,907.67 13.4162 18,772.63

Since Inception 10.7264 32,200.00 13.6078 43,241.68 13.7446 43,843.23

*NIFTY 100- TRI, **S&P BSE SENSEX-TRI

Small

Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into
consideration. Different plans shall have different expense structure. The performance details provided herein are
of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of
previous working day is used for computation. Please refer page no.18 & 19 for name of the other schemes
currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may
not be sustained in future. Data as on 31st July 2023

Data as on 31st July 2023 06

GROWW AGGRESSIVE HYBRID FUND
(FORMERLY KNOWN AS INDIABULLS EQUITY HYBRID FUND)
(An open ended hybrid scheme investing predominantly in equity and equity related
instruments)
JULY 2023

Investment Objective

The Scheme seeks to generate periodic return and long term capital appreciation from a judicious mix of equity and debt instruments. However, there can be no assurance that
the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

Fund Snapshot Portfolio

Inception Date (Date of Allotment)
Company Name Industry/ Rating % to NAV Company Name Industry/ Rating % to NAV
13th December, 2018
Equity & Equity Related Holdings Company Limited
Benchmark HDFC Bank Limited Banks 9.03% Tata Consultancy IT - Software 0.99%
CRISIL Hybrid 35+65 - Aggressive Index ICICI Bank Limited Banks 7.32% Services Limited
Larsen & Toubro Limited Construction 4.32% Nestle India Limited Food Products 0.99%
Fund Manager
ITC Limited Diversified FMCG 3.66% Ambuja Cements Limited Cement & 0.99%
Debt - Mr. Kaustubh Sule
Axis Bank Limited Banks 3.36% Cement Products
(Managing Fund Since May 11, 2023) State Bank of India Banks 3.20% Britannia Industries Limited Food Products 0.96%
Managing the Scheme since 2.5 Month Infosys Limited IT - Software 3.11% DLF Limited Realty 0.87%
Equity - Mr. Anupam Tiwari Bajaj Finance Limited Finance 3.01% Hindalco Industries Limited Non - Ferrous Metals 0.86%
Tata Motors Limited Automobiles 2.50% Sansera Engineering Limited Auto Components 0.82%
(Managing Fund Since May 11, 2023)
UltraTech Cement Limited Cement & Sun Pharmaceutical Pharmaceuticals &
Managing the Scheme since 2.5 Month Cement Products 2.49% Industries Limited Biotechnology 0.82%
Load Structure (as % of NAV) Maruti Suzuki India Limited Automobiles 2.17% JK Lakshmi Cement Limited Cement & 0.69%
Entry Load: Not Applicable Reliance Industries Limited Petroleum Products 2.06% Cement Products
Bharti Airtel Limited Telecom - Services 2.03% KEI Industries Limited Industrial Products 0.47%
Exit Load:
IndusInd Bank Limited Banks 2.02% Jio Financial Services Limited Finance 0.39%
a)1% if redeemed/ switched out within 7 Days from the MphasiS Limited IT - Software 1.91% Total Equity & Equity Related Holdings 76.58%
date of allotment, Cummins India Limited Industrial Products 1.69% Govt Securities
b)Nil - if redeemed/ switched out after 7 Days from the Mahindra & Mahindra Ltd Automobiles 1.60% 7.26% GOI MAT SOV 12.92%
date of allotment Titan Company Limited Consumer Durables 1.48% 06-Feb-2033
Birlasoft Limited IT - Software 1.21% 7.06% GOI - 10-Apr-2028 SOV 5.69%
Minimum Additional Investment Ujjivan Financial Services Ltd Finance 1.16% Sub-Total 18.61%
Bharat Electronics Limited Aerospace & Defense 1.13% Fixed Deposit
` 500 and in multiples of ` 1/- thereafter
Creditaccess Grameen Ltd Finance 1.09% HDFC Bank Limited 0.43%
Minimum Investment Amount (for fresh application) Bharat Dynamics Limited Aerospace & Defense 1.08% HDFC Bank Limited 0.43%
For Lumpsum & SIP : `500 and in multiples of `1/- Samvardhana Motherson Auto Components 1.07% Sub-Total 0.86%
International Limited Tri Party Repo (TREPs)
thereafter
Bajaj Auto Limited Automobiles 1.03% *TREPS/Reverse Repo/Net current assets 3.95%
Fund Size (as on July 31, 2023) InterGlobe Aviation Limited Transport Services 1.01% Grand Total 100.00%
Asian Paints Limited Consumer Durables 1.00%
Monthly Average AUM SBI Life Insurance Insurance 0.99% *TREPS : Tri-party repo dealing system
` 35.44 Crore
Month End AUM ` 35.03 Crore
Sectoral Allocation (Equity Holding) Rating Profile (Debt Holding)
Portfolio Details
Banks 24.93%
Top 10 Stocks 42.00% Automobiles 7.30%
Top 5 Sectors 49.42% IT - Software 7.22%
Finance 5.65%
Total Expense Ratio Construction 4.32%
Cement & Cement Products 4.17%
Direct Plan 0.80% Diversified FMCG 3.66%
Regular Plan 2.25% Consumer Durables 2.48%
(Including Additional Expenses and goods and service tax Aerospace & Defense 2.21%
Industrial Products 2.16% SOV/FD
on management fees.)
Petroleum Products 2.06% 19.47%
NAV of Plans / Options Per Unit Telecom - Services 2.03%
Food Products 1.95%
Regular Plan Direct Plan Auto Components 1.89%
Growth ` 16.2564 Growth ` 17.6688 Transport Services 1.01%
Note : TREPS/Reverse Repo/Net Current Assets of 3.95%
IDCW ` 16.2535 IDCW ` 17.5292 Insurance 0.99%
Monthly IDCW ` 16.2545 Monthly IDCW ` 17.5025 Realty 0.87%
Non - Ferrous Metals 0.86%
Quarterly IDCW ` 17.2302 Quarterly IDCW ` 17.3227 Pharmaceuticals & Biotechnology 0.82%
Half YearlyIDCW ` 16.2178 Half YearlyIDCW ` 17.0013

Fund Style SIP Returns

Investment Style
Scheme Benchmark* Additional Benchmark**
Growth Blend Value
Period Investment Returns Value of Returns Value of Returns Value of
Amount (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
Large

(Rs.) invested invested invested

1 Year 1,20,000 15.31 1,29,642 16.97 1,30,666 20.90 1,33,068
Capitalisation

3 Years 3,60,000 11.75 4,29,016 12.93 4,36,377 16.41 4,58,659

Medium

Since Inception 5,60,000 12.35 7,47,110 14.22 7,79,932 17.31 8,36,753

*CRISIL Hybrid 35+65 - Aggressive Index, **Nifty 50 TRI

Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per
unit of the scheme as on the first working day for the respective time periods. The loads have not been taken into
Small

account. Past performance may or may not be sustained in future. The performance details provided herein are of
Regular Plan. Returns are for Growth option only. CAGR returns are computed after accounting for the cash flow by
using XIRR method (investment internal rate of return).

Data as on 31st July 2023 07

GROWW AGGRESSIVE HYBRID FUND
(FORMERLY KNOWN AS INDIABULLS EQUITY HYBRID FUND)
(An open ended hybrid scheme investing predominantly in equity and equity related
instruments)
JULY 2023

Quantitative / Volatility Measures Performance Report

Standard Sharpe Portfolio Regular Plan Scheme Benchmark* Additional Benchmark**

Deviation Ratio* Turnover Period Returns Value of Std Returns Value of Returns Value of
(%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
3.2198 1.67 0.99%
Rs. 10,000
invested invested
invested
1 Year 13.6333 11,371.29 13.2393 11,331.64 16.1848 11,628.03
No. of 3 Years 16.8674 15,961.75 17.1120 16,062.17 22.7128 18,478.62
Beta R Square
Stocks 5 Years NA NA NA NA NA NA
1.08 0.89
39 Since Inception 11.0579 16,256.40 13.3690 17,884.00 15.3124 19,349.21

*Annualised. Risk free rate assumed to be 6.60 *CRISIL Hybrid 35+65 - Aggressive Index, ** NIFTY 50-TRI.
(FBIL OVERNIGHT MIBOR) Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into
consideration. Different plans shall have different expense structure. The performance details provided herein are
of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of
previous working day is used for computation. Please refer page no.18 & 19 for name of the other schemes
currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may
not be sustained in future. Data as on 31st July 2023

Data as on 31st July 2023 08

 GROWW VALUE FUND
(FORMERLY KNOWN AS INDIABULLS VALUE FUND)
(An open ended equity scheme following a value investment strategy)

JULY 2023

Investment Objective
The primary investment objective of the Scheme is to seek to provide long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-related
securities of blue-chip large-cap companies. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or
guarantee any returns.

Portfolio
Fund Snapshot
Company Name Industry/ Rating % to NAV Company Name Industry/ Rating % to NAV
Inception Date (Date of Allotment) Equity & Equity Related Holdings NLC India Limited Power 1.09%
8th September, 2015 ICICI Bank Limited Banks 6.15% Sun Pharmaceutical Pharmaceuticals & 1.07%
Larsen & Toubro Limited Construction 6.07% Industries Limited Biotechnology
NTPC Limited Power 5.86% Hindalco Industries Limited Non - Ferrous Metals 1.05%
Benchmark
State Bank of India Banks 5.51% DLF Limited Realty 1.05%
Nifty 500 TRI ITC Limited Diversified FMCG 5.49% Bharat Electronics Limited Aerospace & Defense 1.04%
HDFC Bank Limited Banks 5.04% Samvardhana Motherson Auto Components 1.03%
Axis Bank Limited Banks 4.29% International Limited
Fund Manager
Bharti Airtel Limited Telecom - Services 3.90% Chemplast Sanmar Ltd Chemicals & 0.94%
Debt - Mr. Kaustubh Sule Birlasoft Limited IT - Software 3.43% Petrochemicals
(Managing Fund Since May 11, 2023) Cholamandalam Financial Finance 3.25% Godrej Consumer Personal Products 0.93%
Managing the Scheme since 2.5 Month Holdings Limited Products Limited
Tata Motors Limited Automobiles 3.19% Sansera Engineering Limited Auto Components 0.89%
Equity - Mr. Anupam Tiwari Cummins India Limited Industrial Products 3.13% JK Lakshmi Cement Limited Cement & 0.66%
(Managing Fund Since May 11, 2023) Infosys Limited IT - Software 3.00% Cement Products
IndusInd Bank Limited Banks 2.92% Jio Financial Services Limited Finance 0.55%
Managing the Scheme since 2.5 Month
Ujjivan Financial Services Ltd Finance 2.76% KEI Industries Limited Industrial Products 0.46%
Bank of Baroda Banks 2.57% Total Equity & Equity Related Holdings 90.76%
Minimum Investment Amount (for fresh application)
Power Finance Finance 2.45% Tri Party Repo (TREPs)
For Lumpsum & SIP : ` 500 and in multiples of ` .1/-
Corporation Limited *TREPS/Reverse Repo/Net current assets 9.22%
thereafter UltraTech Cement Limited Cement & 2.10% Grand Total 100.00%
Cement Products
Minimum Additional Investment Mahindra & Mahindra Ltd Automobiles 1.99%
` 500 and in multiples of ` 1/- thereafter Bajaj Auto Limited Automobiles 1.98%
SBI Life Insurance Insurance 1.91%
Load Structure (as % of NAV) Company Limited
Entry Load: Not Applicable MphasiS Limited IT - Software 1.55%
Exit Load: a) 1% if redeemed/ switched out within HCL Technologies Limited IT - Software 1.46%
*TREPS : Tri-party repo dealing system
1 year from the date of allotment.
b) NIL, if redeemed/ switched out after 1 year from the
date of allotment
Sectoral Allocation

30.00%
Fund Size (as on July 31, 2023) 26.48%
25.00%
Monthly Average AUM ` 10.35 Crore
20.00%
Month End AUM ` 10.57 Crore
15.00%
Portfolio Details 10.00% 9.44% 9.01% 7.16% 9.91%
6.95% 6.07% 5.49%
Top 10 Stocks 48.99% 5.00% 3.90% 3.59% 2.76%
Top 5 Sectors 59.04% 0.00%
Diversified FMCG
Construction

Others
Banks

Automobiles

Telecom - Services

Industrial Products
IT - Software

Finance

Power

Cement & Cement

Products

Total Expense Ratio

Direct Plan 1.08%
Regular Plan 2.25%
(Including Additional Expenses and goods and service tax
on management fees.)
SIP Returns
NAV of Plans / Options Per Unit
Scheme Benchmark* Additional Benchmark**
Regular Plan Direct Plan Period Investment Returns Value of Returns Value of Returns Value of
Growth ` 19.0985 Growth ` 22.1858 Amount (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
IDCW ` 19.0921 IDCW ` 22.1032 (Rs.) invested invested invested
Monthly IDCW ` 14.8214 Monthly IDCW ` 16.2714 1 Year 1,20,000 21.22 1,33,260 23.72 1,34,777 20.90 1,33,068
Quarterly IDCW ` 14.4330 Quarterly IDCW ` 17.7488 3 Years 3,60,000 14.67 4,47,424 17.76 4,67,508 16.41 4,58,659
Half YearlyIDCW ` 15.6440 Half YearlyIDCW ` 17.7631
5 Years 6,00,000 14.21 8,56,110 18.02 9,39,927 16.79 9,12,223
7 Years 8,40,000 10.53 12,21,683 15.65 14,66,632 15.27 14,46,664
Since Inception 9,50,000 10.18 14,34,391 15.43 17,77,752 15.05 17,50,841

*Nifty 500 TRI, **NIFTY 50-TRI

Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per
unit of the scheme as on the first working day for the respective time periods. The loads have not been taken into
account. Past performance may or may not be sustained in future. The performance details provided herein are of
Regular Plan. Returns are for Growth option only. CAGR returns are computed after accounting for the cash flow by
using XIRR method (investment internal rate of return).

Data as on 31st July 2023 09

 GROWW VALUE FUND
(FORMERLY KNOWN AS INDIABULLS VALUE FUND)
(An open ended equity scheme following a value investment strategy)

JULY 2023

Fund Style Performance Report

Investment Style
Regular Plan Scheme Benchmark* Additional Benchmark**
Growth Blend Value Period Returns Value of Std Returns Value of Returns Value of
(%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
Rs. 10,000
Large

invested invested
invested
1 Year 14.2093 11,429.25 17.2457 11,734.80 16.1848 11,628.03
Capitalisation

3 Years 21.5147 17,942.64 24.9109 19,489.51 22.7128 18,478.62

Medium

5 Years 8.5192 15,053.24 13.2874 18,666.26 13.0197 18,446.63

Since Inception 8.5365 19,098.50 14.4936 29,126.61 14.0720 28,290.28

*Nifty 500 TRI, **NIFTY 50-TRI

Small

Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into
consideration. Different plans shall have different expense structure. The performance details provided herein are
of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of
previous working day is used for computation. Please refer page no.18 & 19 for name of the other schemes
currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may
not be sustained in future. Data as on 31st July 2023
Quantitative / Volatility Measures

Standard Sharpe Portfolio

Deviation Ratio* Turnover
4.2024 0.97 0.94%

No. of
Beta R Square
Stocks
0.96 0.90
35

*Annualised. Risk free rate assumed to be 6.60

(FBIL OVERNIGHT MIBOR)

Data as on 31st July 2023 10

 GROWW ELSS TAX SAVER FUND
(FORMERLY KNOWN INDIABULLS TAX SAVINGS FUND)
(An open ended equity linked saving scheme with a statutory lock-in of 3 years and tax
benefit.)
JULY 2023

Investment Objective
The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. The
scheme shall offer tax benefits under Section 80C of the Income Tax Act. However, there can be no assurance that the investment objective of the scheme will be achieved. The
Scheme does not assure or guarantee any returns.

Portfolio
Fund Snapshot
Company Name Industry/ Rating % to NAV Company Name Industry/ Rating % to NAV
Inception Date (Date of Allotment)
28th December, 2017 Equity & Equity Related Holdings Bharat Dynamics Limited Aerospace & Defense 1.57%
ICICI Bank Limited Banks 8.38% Ambuja Cements Limited Cement & 1.51%
Benchmark HDFC Bank Limited Banks 7.94% Cement Products
Larsen & Toubro Limited Construction 5.43% Nestle India Limited Food Products 1.49%
S&P BSE 500 TRI
Bajaj Finance Limited Finance 4.08% Maruti Suzuki India Limited Automobiles 1.49%
Tata Motors Limited Automobiles 3.28% InterGlobe Aviation Limited Transport Services 1.49%
Fund Manager
State Bank of India Banks 3.13% IndusInd Bank Limited Banks 1.48%
Debt - Mr. Kaustubh Sule Bharti Airtel Limited Telecom - Services 2.97% Birlasoft Limited IT - Software 1.19%
(Managing Fund Since May 11, 2023) UltraTech Cement Limited Cement & 2.97% DLF Limited Realty 1.09%
Managing the Scheme since 2.5 Month Cement Products Hindalco Industries Limited Non - Ferrous Metals 1.08%
Axis Bank Limited Banks 2.94% Bharat Electronics Limited Aerospace & Defense 1.07%
Equity - Mr. Anupam Tiwari
ITC Limited Diversified FMCG 2.92% Bank of Baroda Banks 1.07%
(Managing Fund Since May 11, 2023) MphasiS Limited IT - Software 2.80% Bajaj Auto Limited Automobiles 1.01%
Managing the Scheme since 2.5 Month Cummins India Limited Industrial Products 2.70% SBI Life Insurance Insurance 0.99%
Creditaccess Grameen Ltd Finance 2.24% Company Limited
Minimum Investment Amount (for fresh application) Ujjivan Financial Services Ltd Finance 2.23% Asian Paints Limited Consumer Durables 0.99%
For Lumpsum & SIP : ` 500 and in multiples of ` Cholamandalam Investment Finance 2.09% Tata Consultancy IT - Software 0.97%
500/- thereafter and Finance Company Limited Services Limited
Samvardhana Motherson Auto Components 2.09% Godrej Consumer Personal Products 0.95%
Minimum Additional Investment International Limited Products Limited
Mahindra & Mahindra Ltd Automobiles 2.04% KEI Industries Limited Industrial Products 0.92%
` 500 and in multiples of ` 1/- thereafter Coforge Limited IT - Software 2.00% Sansera Engineering Limited Auto Components 0.91%
Load Structure (as % of NAV) Reliance Industries Limited Petroleum Products 2.00% JK Lakshmi Cement Limited Cement & 0.68%
Entry Load: Not Applicable Power Finance Finance 1.90% Cement Products
Corporation Limited Jio Financial Services Limited Finance 0.33%
Exit Load: Nil
Titan Company Limited Consumer Durables 1.75% Total Equity & Equity Related Holdings 93.45%
Fund Size (as on July 31, 2023) Sun Pharmaceutical Pharmaceuticals & Tri Party Repo (TREPs)
Industries Limited Biotechnology 1.67% *TREPS/Reverse Repo/Net current assets 6.56%
Monthly Average AUM ` 38.31 Crore Britannia Industries Limited Food Products 1.62% Grand Total 100.00%
Month End AUM ` 38.56 Crore *TREPS : Tri-party repo dealing system
Sectoral Allocation
Portfolio Details
25.00% 24.94%
Top 10 Stocks 44.04%
Top 5 Sectors 58.02% 20.00%
17.57%
15.00%
Total Expense Ratio
12.87%
10.00% 7.82%
Direct Plan 0.85% 6.96%
5.43% 5.16% 3.00%
Regular Plan 2.25% 5.00% 3.62% 3.11% 2.97%
(Including Additional Expenses and goods and service tax
0.00%
on management fees.)
Construction

Others
Banks

Automobiles

Products

Industrial Products

Food Products

Auto Components

Telecom - Services
Finance

IT - Software

Cement & Cement

Quantitative / Volatility Measures

Standard Sharpe Portfolio

Deviation Ratio* Turnover
SIP Returns
3.8182 0.84 0.81%
Scheme Benchmark* Additional Benchmark**
Period Investment Returns Value of Returns Value of Returns Value of
Beta R Square No. of Stocks Amount (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
(Rs.) invested invested invested
0.89 0.95 43
1 Year 1,20,000 18.78 1,31,775 23.68 1,34,750 20.90 1,33,068
3 Years 3,60,000 13.02 4,36,968 17.94 4,68,661 16.41 4,58,659
*Annualised. Risk free rate assumed to be 6.60 5 Years 6,00,000 12.62 8,23,188 18.26 9,45,541 16.79 9,12,223
(FBIL OVERNIGHT MIBOR) Since Inception 6,80,000 11.46 9,43,153 17.00 11,02,795 15.99 10,71,815

*S&P BSE 500-TRI, **Nifty 50-TRI.

NAV of Plans / Options Per Unit
Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per
Regular Plan Direct Plan unit of the scheme as on the first working day for the respective time periods. The loads have not been taken into
account. Past performance may or may not be sustained in future. The performance details provided herein are of
Growth ` 14.8400 Growth ` 16.3200 Regular Plan. Returns are for Growth option only. CAGR returns are computed after accounting for the cash flow by
IDCW ` 14.8400 IDCW ` 16.3000 using XIRR method (investment internal rate of return).

Data as on 31st July 2023 11

 GROWW ELSS TAX SAVER FUND
(FORMERLY KNOWN INDIABULLS TAX SAVINGS FUND)
(An open ended equity linked saving scheme with a statutory lock-in of 3 years and tax
benefit.)
JULY 2023

Fund Style Performance Report

Credit Quality
Regular Plan Scheme Benchmark* Additional Benchmark**
High Mid Low
Period Returns Value of Std Returns Value of Returns Value of
(%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
High

Rs. 10,000
invested invested
invested
1 Year 13.1196 11,319.60 17.3120 11,741.47 16.1848 11,628.03
Interest Rate
Sensitivity

3 Years 18.2716 16,544.04 25.1514 19,602.29 22.7128 18,478.62

Mid

5 Years 8.5376 15,065.99 13.4939 18,837.08 13.0197 18,446.63

Since Inception 7.3144 14,840.00 12.6930 19,507.25 13.4016 20,203.17

*S&P BSE 500-TRI, **Nifty 50-TRI.

Low

Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into
consideration. Different plans shall have different expense structure. The performance details provided herein are
of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of
previous working day is used for computation. Please refer page no.18 & 19 for name of the other schemes
currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may
not be sustained in future. Data as on 31st July 2023

Data as on 31st July 2023 12

 GROWW ARBITRAGE FUND
(FORMERLY KNOWN AS INDIABULLS ARBITRAGE FUND)
(An open ended scheme investing in arbitrage opportunities.)

JULY 2023

Investment Objective
To generate income by predominantly investing in arbitrage opportunities in the cash and derivative segments of the equity markets and the arbitrage opportunities available
within the derivative segment and by investing the balance in debt and money market instruments. However, there can be no assurance that the investment objective of the
scheme will be achieved. The Scheme does not assure or guarantee any returns.

Portfolio
Fund Snapshot
Company Name Industry/ Rating % to NAV Company Name Industry/ Rating % to NAV
Inception Date (Date of Allotment)
19th December, 2014 Equity & Equity Related Holdings *TREPS/Reverse Repo/Net current assets 99.26%
Tata Motors Limited Automobiles 8.33% Grand Total 100.00%
Benchmark
Can Fin Homes Limited Finance 8.30% Hedged Position In Equity & Equity -68.13%
NIFTY 50 Arbitrage Index
Axis Bank Limited Banks 8.11% Related Instruments
Fund Manager
United Spirits Limited Beverages 8.06%
Debt - Mr. Kaustubh Sule & Mr.Karan Singh
Grasim Industries Limited Cement & 7.97%
(Managing Fund Since May 11, 2023 &
Since May 29, 2020) Cement Products
Managing the Scheme since 2.5 Month & 3 Years Oberoi Realty Limited Realty 7.11%
Equity - Mr. Anupam Tiwari ICICI Bank Limited Banks 6.34%
(Managing Fund Since May 11, 2023) Asian Paints Limited Consumer Durables 4.59%
Managing the Scheme since 2.5 Month
Bharti Airtel Limited Telecom - Services 3.83%
Minimum Investment Amount (for fresh application)
ITC Limited Diversified FMCG 3.38%
For Lumpsum : ` 500 and in multiples of ` 1/-
Hindustan Petroleum Petroleum Products 1.73%
thereafter
For SIP : ` 1,000 and in multiples of ` 1/- thereafter Corporation Limited

Minimum Additional Investment Total Equity & Equity Related Holdings 67.75%
` 500 and in multiples of ` 1/- thereafter Fixed Deposit
Load Structure (as % of NAV) HDFC Bank Limited 1.13%
Entry Load: Not Applicable Sub-Total 1.13%
Exit Load: a) 0.25%, if redeemed/ switched out within
Tri Party Repo (TREPs)
one month from the date of allotment. *TREPS : Tri-party repo dealing system
b) Nil, if redeemed/ switched out after one month from
the date of allotment. Sectoral Allocation

Fund Size (as on July 31, 2023) 16.00%

14.45%
14.00%
Monthly Average AUM ` 4.40 Crore 12.00%
Month End AUM ` 4.41 Crore 10.00%
8.33% 8.30% 8.06% 7.97%
8.00% 7.11%
Portfolio Details
6.00%
4.59%
4.00% 3.83% 3.38%
Top 10 Stocks 66.02%
2.00% 1.73%
Top 5 Sectors 47.11%
0.00%
Diversified FMCG
Beverages

Total Expense Ratio

Consumer Durables
Banks

Automobiles

Products

Telecom - Services

Petroleum Products
Finance

Cement & Cement

Realty

Direct Plan 0.44%

Regular Plan 1.14%
(Including Additional Expenses and goods and service tax
on management fees.)

Quantitative / Volatility Measures

SIP Returns
Standard Sharpe Portfolio
Scheme Benchmark* Additional Benchmark**
Deviation Ratio* Turnover
Period Investment Returns Value of Returns Value of Returns Value of
0.1632 -6.48 9.97%
Amount (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
(Rs.) invested invested invested
1 Year 1,20,000 4.92 1,23,144 7.52 1,24,789 6.90 1,24,400
Beta R Square No. of Stocks 3 Years 3,60,000 3.50 3,79,728 5.43 3,90,885 5.02 3,88,488
0.23 0.25 11 5 Years 6,00,000 3.43 6,54,462 4.84 6,78,026 5.13 6,82,962
7 Years 8,40,000 3.83 9,62,255 4.78 9,95,489 5.44 10,19,083
Since Inception 10,40,000 4.20 12,51,435 4.87 12,89,279 5.67 13,36,238
*Annualised. Risk free rate assumed to be 6.60
(FBIL OVERNIGHT MIBOR) *NIFTY 50 Arbitrage Index, **CRISIL 1 Yr T-Bill Index
Systematic Investment Plan (SIP) returns are worked out assuming investment of Rs. 10,000/- every month at NAV per
unit of the scheme as on the first working day for the respective time periods. The loads have not been taken into
account. Past performance may or may not be sustained in future. The performance details provided herein are of
Regular Plan. Returns are for Growth option only. CAGR returns are computed after accounting for the cash flow by
using XIRR method (investment internal rate of return).

Data as on 31st July 2023 13

 GROWW ARBITRAGE FUND
(FORMERLY KNOWN AS INDIABULLS ARBITRAGE FUND)
(An open ended scheme investing in arbitrage opportunities.)

JULY 2023

NAV of Plans / Options Per Unit Performance Report

Regular Plan Direct Plan

Regular Plan Scheme Benchmark* Additional Benchmark**
Growth ` 15.3355 Growth ` 16.1757
Period Returns Value of Std Returns Value of Returns Value of
Monthly IDCW ` 11.4826 Monthly IDCW ` 11.8781 Investment of
(%) (%) Rs. 10,000 (%) Rs. 10,000
Quartely IDCW ` 12.4172 Quartely IDCW ` 12.8052 Rs. 10,000
invested invested
Half Yearly IDCW ` 12.3393 Half Yearly IDCW ` 12.8879 invested
Yearly IDCW ` 12.4092 Yearly IDCW ` 12.7732 1 Year 4.6630 10,468.92 6.7713 10,680.96 6.4053 10,644.15
3 Years 2.9771 10,920.00 4.7563 11,495.85 4.3985 11,378.44
5 Years 3.8370 12,072.73 4.8311 12,662.12 5.7232 13,210.44
Since Inception 5.0860 15,335.50 5.2690 15,567.31 6.2197 16,821.61

*NIFTY 50 Arbitrage Index, **CRISIL 1 Yr T-Bill Index

Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into
consideration. Different plans shall have different expense structure. The performance details provided herein are
of Regular Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of
previous working day is used for computation. Please refer page no.18 & 19 for name of the other schemes
currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may
not be sustained in future. Data as on 31st July 2023

Data as on 31st July 2023 14

GROWW NIFTY 50 EXCHANGE TRADED FUND
(FORMERLY KNOWN AS INDIABULLS NIFTY 50 EXCHANGE TRADED FUND)
(An open-ended Scheme tracking Nifty 50 Index)

JULY 2023

Investment Objective
The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to
tracking error. However, there can be no assurance that the investment objective of the scheme will be achieved. The Scheme does not assure or guarantee any returns.

Fund Snapshot Portfolio

Company Name Industry/ Rating % to NAV Company Name Industry/ Rating % to NAV
Inception Date (Date of Allotment)
Equity & Equity Related Holdings Oil & Natural Gas Oil 0.79%
26th April, 2019 HDFC Bank Limited Banks 14.02% Corporation Limited
Reliance Industries Limited Petroleum Products 9.82% Grasim Industries Limited Cement & 0.79%
Benchmark ICICI Bank Limited Banks 7.93% Cement Products
Infosys Limited IT - Software 5.39% HDFC Life Insurance Insurance 0.78%
Nifty 50 TRI (Total Return Index) ITC Limited Diversified FMCG 4.69% Company Limited
Tata Consultancy IT - Software 3.77% Tech Mahindra Limited IT - Software 0.78%
Fund Manager Services Limited Hindalco Industries Limited Non - Ferrous Metals 0.75%
Debt - Mr. Karan Singh Larsen & Toubro Limited Construction 3.70% Adani Ports and Special Transport Infrastructure 0.75%
(Managing Fund Since May 29, 2020) Kotak Mahindra Bank Ltd Banks 3.12% Economic Zone Limited
Axis Bank Limited Banks 2.95% Cipla Limited Pharmaceuticals & 0.70%
Managing the Scheme since 3 Years State Bank of India Banks 2.73% Biotechnology
Equity - Mr. Anupam Tiwari Hindustan Unilever Limited Diversified FMCG 2.61% Wipro Limited IT - Software 0.68%
Bharti Airtel Limited Telecom - Services 2.49% Britannia Industries Limited Food Products 0.65%
(Managing Fund Since May 11, 2023) Bajaj Finance Limited Finance 2.22% SBI Life Insurance Insurance 0.65%
Managing the Scheme since 2.5 Month Asian Paints Limited Consumer Durables 1.75% Company Limited
Mahindra & Mahindra Ltd Automobiles 1.51% Bajaj Auto Limited Automobiles 0.64%
Minimum Investment Amount (for fresh application) Maruti Suzuki India Limited Automobiles 1.48% Apollo Hospitals Healthcare Services 0.61%
Titan Company Limited Consumer Durables 1.44% Enterprise Limited
On stock Exchange - 1 unit Direct with mutual fund - Sun Pharmaceutical Pharmaceuticals & 1.41% Coal India Limited Consumable Fuels 0.61%
50,000 unit and in multiples thereof Industries Limited Biotechnology Tata Consumer Products Ltd Agricultural Food &
HCL Technologies Limited IT - Software 1.34% other Products 0.58%
Load Structure (as % of NAV) Tata Motors Limited Automobiles 1.30% Eicher Motors Limited Automobiles 0.54%
Entry Load: Not Applicable NTPC Limited Power 1.20% Divi's Laboratories Limited Pharmaceuticals &
Tata Steel Limited Ferrous Metals 1.13% Biotechnology 0.54%
Exit Load: Nil UltraTech Cement Limited Cement & 1.08% Larsen & Toubro Infotech Ltd IT - Software 0.52%
Cement Products Hero MotoCorp Limited Automobiles 0.47%
Power Grid Corporation Power 1.07% Bharat Petroleum Petroleum Products 0.42%
Fund Size (as on July 31, 2023)
of India Limited Corporation Limited
Monthly Average AUM IndusInd Bank Limited Banks 1.05% UPL Limited Fertilizers &
` 3.35 Crore Jio Financial Services Ltd Finance 1.01% Agrochemicals 0.36%
Month End AUM ` 3.38 Crore Bajaj Finserv Limited Finance 0.98% Total Equity & Equity Related Holdings 99.23%
Nestle India Limited Food Products 0.93% Non Convertible Debentures
Portfolio Details JSW Steel Limited Ferrous Metals 0.86% Britannia Industries Limited AAA 0.02%
Adani Enterprises Limited Metals & 0.84% Sub-Total 0.02%
Top 10 Stocks 58.12% Minerals Trading Tri Party Repo (TREPs)
Dr. Reddy's Laboratories Ltd Pharmaceuticals & 0.80% *TREPS/Reverse Repo/Net current assets 0.69%
Top 5 Sectors 67.76% Biotechnology Grand Total 100.00%

Total Expense Ratio *TREPS : Tri-party repo dealing system

Direct Plan 0.53% Sectoral Allocation

(Including Additional Expenses and goods and service tax
on management fees.) 35.00% 31.80%
30.00%
NAV of Plans / Options Per Unit 25.00%

Groww Nifty50 Exchange Traded Fund- ` 207.4815 20.00%

14.43%
15.00% 12.48%
10.24%
Exchange Listed on 10.00% 7.30% 5.94%
4.21% 3.70% 3.45% 3.19%
5.00% 2.49%
NSE
0.00%
code - IBMFNIFTY
Diversified FMCG

Construction

Consumer Durables

Others
Banks

Petroleum Products

Automobiles

Telecom - Services
IT - Software

Finance

Biotechnology
Pharmaceuticals &

Performance Report

Regular Plan Scheme Benchmark*

Period Returns Value of Std Returns Value of
(%) Investment of (%) Rs. 10,000
Rs. 10,000
invested
invested
1 Year 15.5575 11,564.91 16.1848 11,628.03
3 Years 22.2775 18,282.69 22.7128 18,478.62
5 Years NA NA NA NA
Since Inception 14.2684 17,664.39 14.3320 17,706.37

*NIFTY 50-TRI
Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into
consideration. Different plans shall have different expense structure. The performance details provided herein are
of Direct Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of
previous working day is used for computation. Please refer page no.18 & 19 for name of the other schemes
currently managed by the Fund Managers and relevant scheme for performance. Past performance may or may
not be sustained in future. Data as on 31st July 2023

Data as on 31st July 2023 15

 GROWW Performance Report (Direct Plan)

GROWW OVERNIGHT FUND

Scheme CRISIL Liquid Overnight Index# CRISIL 1 Yr T-Bill Index##

Period Returns Value of Std Returns Value of Rs. Returns Value of Rs.
Investment of
(%) Rs. 10,000 invested (%) 10,000 invested (%) 10,000 invested
7 days 6.2752 10,012.03 6.4405 10,012.35 5.9228 10,011.36
15 days 6.2859 10,025.83 6.4430 10,026.48 6.7261 10,027.64
1 Month 6.3386 10,053.83 6.4300 10,054.61 6.0229 10,051.15
1 Year 5.8859 10,588.59 6.3164 10,631.64 6.4073 10,640.73
3 Years 4.1512 11,297.76 4.3977 11,378.17 4.3985 11,378.44
Since Inception 4.2041 11,822.64 4.3851 11,906.38 5.1478 12,264.05

GROWW Liquid Fund

Scheme CRISIL Liquid Debt B-I Index# CRISIL 1 Yr T-Bill Index##

Period Returns Value of Std Returns Value of Rs. Returns Value of Rs.
Investment of
(%) Rs. 10,000 invested (%) 10,000 invested (%) 10,000 invested
7 days 6.4524 10,012.37 6.5991 10,012.66 5.9228 10,011.36
15 days 6.5464 10,026.90 6.7183 10,027.61 6.7261 10,027.64
1 Month 6.7380 10,057.23 6.8734 10,058.38 6.0229 10,051.15
1 Year 6.3776 10,637.76 6.7814 10,678.14 6.4073 10,640.73
3 Years 4.3567 11,364.78 4.7827 11,504.54 4.3985 11,378.44
5 Years 5.0978 12,824.14 5.4365 13,032.19 5.7232 13,210.44
Since Inception 6.7494 19,965.79 6.7674 20,001.34 6.3905 19,266.45

GROWW Short Duration Fund

Scheme CRISIL Short Duration Debt B-II CRISIL 10 Year Gilt Index##
Index#
Period Returns Value of Std Returns Value of Rs. Returns Value of Rs.
Investment of
(%) Rs. 10,000 invested (%) 10,000 invested (%) 10,000 invested
1 Year 5.9137 10,594.71 7.3349 10,737.65 7.8879 10,793.27
3 Years 4.4013 11,379.36 5.5766 11,767.99 2.8853 10,890.82
5 Years 5.6668 13,175.26 7.1981 14,158.52 6.4738 13,686.39
Since Inception 7.5093 20,457.05 7.9049 21,213.36 6.6858 18,959.74

GROWW Large Cap Fund

Scheme NIFTY 100-TRI# S&P BSE SENSEX-TRI##

Period Returns Value of Std Returns Value of Rs. Returns Value of Rs.
Investment of
(%) Rs. 10,000 invested (%) 10,000 invested (%) 10,000 invested
1 Year 15.3275 11,541.77 14.0758 11,415.82 16.9291 11,702.94
3 Years 19.9223 17,246.44 21.9462 18,134.49 22.3799 18,328.65
5 Years 10.4756 16,460.80 12.3518 17,907.67 13.4162 18,772.63
Since Inception 12.5928 35,088.70 13.4683 38,086.30 13.7476 39,090.30

#Benchmark, ##Additional Benchmark. ^ The scheme is in existence for more than 3 years but less than 5 years. Returns shown for 7 days, 15 days and 30 days are computed only for Groww
Liquid Scheme on Simple Annualized basis. Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall have
different expense structure. The performance details provided herein are of Direct Plan. Returns are for Growth Option only. In case the start/end date is non business day, the NAV of
previous working day is used for computation. Please refer page no.18 & 19 for name of the other schemes currently managed by the Fund Managers and relevant scheme for performance.
Past performance may or may not be sustained in future.

Data as on 31st July 2023 16

 GROWW Performance Report (Direct Plan)

GROWW Value Fund

Scheme Nifty 500 TRI# Nifty 50-TRI##

Period Returns Value of Std Returns Value of Rs. Returns Value of Rs.
Investment of
(%) Rs. 10,000 invested (%) 10,000 invested (%) 10,000 invested
1 Year 16.1744 11,626.99 17.2457 11,734.80 16.1848 11,628.03
3 Years 23.9140 19,026.62 24.9109 19,489.51 22.7128 18,478.62
5 Years 10.4543 16,444.89 13.2874 18,666.26 13.0197 18,446.63
Since Inception 10.6151 22,185.80 14.4936 29,126.61 14.0720 28,290.28

GROWW ELSS Tax Saver Fund

Scheme S&P BSE 500-TRI# NIFTY 50-TRI##

Period Returns Value of Std Returns Value of Rs. Returns Value of Rs.
Investment of
(%) Rs. 10,000 invested (%) 10,000 invested (%) 10,000 invested
1 Year 15.0036 11,509.17 17.3120 11,741.47 16.1848 11,628.03
3 Years 20.9659 17,700.65 25.1514 19,602.29 22.7128 18,478.62
5 Years 10.4856 16,468.21 13.4939 18,837.08 13.0197 18,446.63
Since Inception 9.1545 16,320.00 12.6930 19,507.25 13.4016 20,203.17

GROWW Arbitrage Fund

Scheme NIFTY 50 Arbitrage Index# CRISIL 1 Yr T-Bill Index##

Period Returns Value of Std Returns Value of Rs. Returns Value of Rs.
Investment of
(%) Rs. 10,000 invested (%) 10,000 invested (%) 10,000 invested
1 Year 5.3436 10,537.37 6.7713 10,680.96 6.4053 10,644.15
3 Years 3.6824 11,145.89 4.7563 11,495.85 4.3985 11,378.44
5 Years 4.4925 12,458.85 4.8311 12,662.12 5.7232 13,210.44
Since Inception 5.7383 16,175.70 5.2690 15,567.31 6.2197 16,821.61

GROWW Dynamic Bond Fund^

CRISIL Dynamic Bond

Scheme CRISIL 10 Year Gilt Index##
B-III Index#
Value of Std
Period Returns Returns Value of Rs. Returns Value of Rs.
Investment of
(%) Rs. 10,000 invested (%) 10,000 invested (%) 10,000 invested
1 Year 5.6827 10,571.48 8.2480 10,829.50 7.8879 10,793.27
3 Years 4.4932 11,409.43 6.4106 12,049.09 2.8853 10,890.82
Since Inception 6.2197 13,242.79 8.4800 14,606.50 5.8873 13,050.98

GROWW Aggressive Hybrid Fund^

CRISIL Hybrid 35+65 -Aggressive

Scheme NIFTY 50-TRI##
Index#
Period Returns Value of Std Returns Value of Rs. Returns Value of Rs.
Investment of
(%) Rs. 10,000 invested (%) 10,000 invested (%) 10,000 invested
1 Year 14.8446 11,493.17 13.2393 11,331.64 16.1848 11,628.03
3 Years 18.8236 16,776.78 17.1120 16,062.17 22.7128 18,478.62
Since Inception 13.0731 17,668.80 13.3690 17,884.00 15.3124 19,349.21

Data as on 31st July 2023 17

 GROWW PERFORMANCE DISCLOSURE

Disclosure on performance of other schemes managed by the fund manager (Data as on 31st July 2023)

1 Year 3 Years 5 Years Since Inception

Date of Point-to-Point Point-to-Point Point-to-Point Point-to-Point
Period returns on returns on returns on returns on
inception
CAGR % Standard CAGR % Standard CAGR % Standard CAGR % Standard
Investment Investment Investment Investment
of of of of
Rs. 10,000/- Rs. 10,000/- Rs. 10,000/- Rs. 10,000/-

Funds Managed by Mr.Kaustubh Sule / Mr.Karan Singh

Groww Liquid Fund(G)-Regular Plan 25-Oct- 6.2794 10,627.94 4.2595 11,333.07 4.9971 12,762.78 6.9610 22,083.14
CRISIL Liquid Debt B-I Index (Benchmark) 2011 6.7814 10,678.14 4.7827 11,504.54 5.4365 13,032.19 6.9426 22,038.39
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.4073 10,640.73 4.3985 11,378.44 5.7232 13,210.44 6.5720 21,155.95
Groww Liquid Fund(G)-Direct Plan 31-Dec- 6.3776 10,637.76 4.3567 11,364.78 5.0978 12,824.14 6.7494 19,965.79
2012 6.7814 10,678.14 4.7827 11,504.54 5.4365 13,032.19 6.7674 20,001.34
CRISIL Liquid Debt B-I Index (Benchmark)
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.4073 10,640.73 4.3985 11,378.44 5.7232 13,210.44 6.3905 19,266.45
Groww Short Duration Fund(G)-Regular Plan 13-Sep- 4.7570 10,478.37 3.1129 10,963.24 4.4118 12,410.76 6.2426 18,195.44
CRISIL Short Duration Debt B-II Index (Benchmark) 2013 7.3349 10,737.65 5.5766 11,767.99 7.1981 14,158.52 7.9049 21,213.36
CRISIL 10 Year Gilt Index (Additional Benchmark) 7.8879 10,793.27 2.8853 10,890.82 6.4738 13,686.39 6.6858 18,959.74
Groww Short Duration Fund(G)-Direct Plan 13-Sep- 5.9137 10,594.71 4.4013 11,379.36 5.6668 13,175.26 7.5093 20,457.05
2013 7.3349 10,737.65 5.5766 11,767.99 7.1981 14,158.52 7.9049 21,213.36
CRISIL Short Duration Debt B-II Index (Benchmark)
CRISIL 10 Year Gilt Index (Additional Benchmark) 7.8879 10,793.27 2.8853 10,890.82 6.4738 13,686.39 6.6858 18,959.74
Groww Overnight Fund(G)-Regular Plan** 08-Jul- 5.8319 10,583.19 4.0640 11,269.42 NA NA 4.1121 11,780.30
2019 6.3164 10,631.64 4.3977 11,378.17 NA NA 4.3851 11,906.38
CRISIL Liquid Overnight Index (Benchmark)
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.4073 10,640.73 4.3985 11,378.44 NA NA 5.1478 12,264.05
Groww Overnight Fund(G)-Direct Plan** 08-Jul- 5.8859 10,588.59 4.1512 11,297.76 NA NA 4.2041 11,822.64
CRISIL Liquid Overnight Index (Benchmark) 2019 6.3164 10,631.64 4.3977 11,378.17 NA NA 4.3851 11,906.38
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.4073 10,640.73 4.3985 11,378.44 NA NA 5.1478 12,264.05

Fund Managed by Mr.Anupam Tiwari (Equity Portion) /

Mr.Karan Singh (Debt Portion)
Groww Nifty 50 Exchange Traded Fund** 26-Apr- 15.5575 11,564.91 22.2775 18,282.69 NA NA 14.2684 17,664.39
NIFTY 50 TRI (Benchmark) 2019 16.1848 11,628.03 22.7128 18,478.62 NA NA 14.3320 17,706.37

Fund Managed by Mr.Anupam Tiwari (Equity Portion) /

Mr.Karan Singh & Mr. Kaustubh Sule (Debt Portion)
Groww Arbitrage Fund(G)-Regular Plan 19-Dec- 4.6630 10,468.92 2.9771 10,920.00 3.8370 12,072.73 5.0860 15,335.50
NIFTY 50 Arbitrage Index (Benchmark) 2014 6.7713 10,680.96 4.7563 11,495.85 4.8311 12,662.12 5.2690 15,567.31
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.4053 10,644.15 4.3985 11,378.44 5.7232 13,210.44 6.2197 16,821.61
Groww Arbitrage Fund(G)-Direct Plan 19-Dec- 5.3436 10,537.37 3.6824 11,145.89 4.4925 12,458.85 5.7383 16,175.70
NIFTY 50 Arbitrage Index (Benchmark) 2014 6.7713 10,680.96 4.7563 11,495.85 4.8311 12,662.12 5.2690 15,567.31
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.4053 10,644.15 4.3985 11,378.44 5.7232 13,210.44 6.2197 16,821.61

Fund Managed by Mr.Anupam Tiwari (Equity Portion)

Groww Large Cap Fund(G)-Regular Plan 10-Feb- 13.9412 11,402.27 18.3186 16,563.79 8.9510 15,355.27 10.7264 32,200.00
2012
NIFTY100 TRI (Benchmark) 14.0758 11,415.82 21.9462 18,134.49 12.3518 17,907.67 13.6078 43,241.68
S&P BSE Sensex TRI (Additional Benchmark) 16.9291 11,702.94 22.3799 18,328.65 13.4162 18,772.63 13.7446 43,843.23
Groww Large Cap Fund(G)-Direct Plan 01-Jan- 15.3275 11,541.77 19.9223 17,246.44 10.4756 16,460.80 12.5928 35,088.70
2013 14.0758 11,415.82 21.9462 18,134.49 12.3518 17,907.67 13.4683 38,086.30
NIFTY100 TRI (Benchmark)
S&P BSE Sensex TRI (Additional Benchmark) 16.9291 11,702.94 22.3799 18,328.65 13.4162 18,772.63 13.7476 39,090.30

Fund Managed by Mr.Kaustubh Sule

Groww Dynamic Bond Fund (G)-Regular Plan** 5.1381 10,516.70 3.9518 11,233.00 NA NA 5.6704 12,927.00
05-Dec-
CRISIL Dynamic Bond B-III Index (Benchmark) 8.2480 10,829.50 6.4106 12,049.09 NA NA 8.4800 14,606.50
2018
CRISIL 10 Year Gilt Index (Additional Benchmark) 7.8879 10,793.27 2.8853 10,890.82 NA NA 5.8873 13,050.98
Groww Dynamic Bond Fund (G)-Direct Plan** 5.6827 10,571.48 4.4932 11,409.43 NA NA 6.2197 13,242.79
CRISIL Dynamic Bond B-III Index (Benchmark) 05-Dec-
8.2480 10,829.50 6.4106 12,049.09 NA NA 8.4800 14,606.50
2018
CRISIL 10 Year Gilt Index (Additional Benchmark) 7.8879 10,793.27 2.8853 10,890.82 NA NA 5.8873 13,050.98

Data as on 31st July 2023 18

 GROWW PERFORMANCE DISCLOSURE

Disclosure on performance of other schemes managed by the fund manager (Data as on 31st July 2023)

1 Year 3 Years 5 Years Since Inception

Date Point-to-Point Point-to-Point Point-to-Point Point-to-Point
Period returns on returns on returns on returns on
of
CAGR % Standard CAGR % Standard CAGR % Standard CAGR % Standard
inception Investment Investment Investment Investment
of of of of
Rs. 10,000/- Rs. 10,000/- Rs. 10,000/- Rs. 10,000/-

Funds Managed by Mr.Anupam Tiwari (Equity Portion) /

Mr. Kaustubh Sule (Debt Portion)
Groww Value Fund(G)-Regular Plan 08-Sep- 14.2093 11,429.25 21.5147 17,942.64 8.5192 15,053.24 8.5365 19,098.50
Nifty 500 TRI (Benchmark) 2015 17.2457 11,734.80 24.9109 19,489.51 13.2874 18,666.26 14.4936 29,126.61
NIifty 50 TRI (Additional Benchmark) 16.1848 11,628.03 22.7128 18,478.62 13.0197 18,446.63 14.0720 28,290.28
Groww Value Fund(G)-Direct Plan 08-Sep- 16.1744 11,626.99 23.9140 19,026.62 10.4543 16,444.89 10.6151 22,185.80
Nifty 500 TRI (Benchmark) 2015 17.2457 11,734.80 24.9109 19,489.51 13.2874 18,666.26 14.4936 29,126.61
Niifty 50 TRI (Additional Benchmark) 16.1848 11,628.03 22.7128 18,478.62 13.0197 18,446.63 14.0720 28,290.28
Groww ELSS Tax Saver Fund(G)-Regular Plan 28-Dec- 13.1196 11,319.60 18.2716 16,544.04 8.5376 15,065.99 7.3144 14,840.00
S&P BSE 500 TRI (Benchmark) 2017 17.3120 11,741.47 25.1514 19,602.29 13.4939 18,837.08 12.6930 19,507.25
NIFTY 50 TRI (Additional Benchmark) 16.1848 11,628.03 22.7128 18,478.62 13.0197 18,446.63 13.4016 20,203.17
Groww ELSS Tax Saver Fund(G)-Direct Plan 28-Dec- 15.0036 11,509.17 20.9659 17,700.65 10.4856 16,468.21 9.1545 16,320.00
S&P BSE 500 TRI (Benchmark) 2017
17.3120 11,741.47 25.1514 19,602.29 13.4939 18,837.08 12.6930 19,507.25
NIFTY 50 TRI (Additional Benchmark) 16.1848 11,628.03 22.7128 18,478.62 13.0197 18,446.63 13.4016 20,203.17
Groww Aggressive Hybrid Fund(G)-Regular Plan** 13-Dec- 13.6333 11,371.29 16.8674 15,961.75 NA NA 11.0579 16,256.40
CRISILHybrid 35+65 - Aggressive Index(Benchmark)2018 13.2393 11,331.64 17.1120 16,062.17 NA NA 13.3690 17,884.00
NIFTY 50 TRI (Additional Benchmark) 16.1848 11,628.03 22.7128 18,478.62 NA NA 15.3124 19,349.21
Groww Aggressive Hybrid Fund (G)-Direct Plan** 13-Dec- 14.8446 11,493.17 18.8236 16,776.78 NA NA 13.0731 17,668.80
CRISILHybrid 35+65 - Aggressive Index Benchmark) 2018 13.2393 11,331.64 17.1120 16,062.17 NA NA 13.3690 17,884.00
NIFTY 50 TRI (Additional Benchmark) 16.1848 11,628.03 22.7128 18,478.62 NA NA 15.3124 19,349.21

Note:
**Groww Nifty 50 Exchange Traded Fund, Groww Dynamic Bond Fund, Groww Aggressive Hybrid Fund & Groww Overnight Fund are in
existence for more than 3 years but less than 5 years
NA - Not Applicable
Returns above are Compounded Annualised Growth Returns (CAGR). Past performance may or may not be sustained in future. All returns are
for Growth Option only.

Benchmark Details:
Fund Name Benchmark
Groww Large Cap Fund NIFTY 100-TRI
Groww Nifty50 Exchange Traded NIFTY 50 TRI
Groww Value Fund NIFTY 500 TRI
Groww ELSS Tax Saver Fund S&P BSE 500-TRI
Groww Arbitrage Fund NIFTY 50 Arbitrage Index
Groww Liquid Fund CRISIL Liquid Debt B-I Index
Groww Short Duration Fund CRISIL Short Duration Debt B-II Index
Groww Dynamic Bond Fund CRISIL Dynamic Bond B-III Index
Groww Aggressive Hybrid Fund CRISIL Hybrid 35+65 - Aggressive Index
Groww Overnight Fund CRISIL Liquid Overnight Index

Data as on 31st July 2023 19

 Scheme & Benchmark Riskometer

Scheme Name This product is suitable for investors who are seeking* RiskoMeter Benchmark RiskoMeter

Groww Overnight Fund Ÿ Short Term savings. CRISIL Liquid Overnight Index

Ÿ An overnight fund that aims to provide reasonable returns

commensurate with low risk and providing a high level of
liquidity
Ÿ Low Risk
Investors understand that their principal The Benchmark Risk-o-meter is at
will be at Low risk Low Risk.

Groww Liquid Fund Ÿ High level of liquidity with commensurate returns over short CRISIL Liquid Debt B-I Index

term.
Ÿ Through investment in money market & debt securities with
maturity of up to 91 days.
Ÿ Moderate Risk
Investors understand that their principal The Benchmark Risk-o-meter is at
will be at Moderate risk Low to Moderate Risk.

Groww Short Duration Ÿ Stable returns over short term while maintaining liquidity. CRISIL Short Duration Debt B-II Index

Fund Ÿ Through investment in debt and money market instruments.

Ÿ Moderate Risk

Investors understand that their principal The Benchmark Risk-o-meter is at

will be at Moderate risk Moderate Risk.

Groww Dynamic Bond Ÿ Dynamic debt scheme investing across duration. CRISIL Dynamic Bond B-III Index

Fund Ÿ Income over medium to long term.

Ÿ Investment in debt instruments including but not limited to
bonds, debentures, government securities and money market
instruments over various maturity periods
Ÿ Moderate Risk
Investors understand that their principal
The Benchmark Risk-o-meter is at
will be at Moderate risk
Moderately High Risk.

Groww Large Cap Fund Ÿ Capital appreciation over long-term NIFTY 100 - TRI

Ÿ A portfolio that is invested predominantly in equity and equity-

related securities of blue-chip large-cap companies.
Ÿ Very High Risk

Investors understand that their principal The Benchmark Risk-o-meter is at

will be at Very High risk Very High Risk.

CRISIL Hybrid 35+65 -

G r o w w A g g r e s s i v e Ÿ To generate periodic returns and long term capital appreciation Aggressive Index

Hybrid Fund from a judicious mix of equity and debt instruments.

Ÿ Very High Risk

Investors understand that their principal The Benchmark Risk-o-meter is at

will be at Very High risk Very High Risk.

Groww Value Fund Ÿ Capital appreciation and provide long-term Capital growth. NIFTY 500 TRI

Ÿ Investment primarily in companies that offer high relative value

vis–avis other companies and fall within top 500 by market
capitalization.
Ÿ Very High Risk

Investors understand that their principal The Benchmark Risk-o-meter is at

will be at Very High risk Very High Risk.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st July 2023 20

 Scheme & Benchmark Riskometer

Scheme Name This product is suitable for investors who are seeking* RiskoMeter Benchmark RiskoMeter

Groww ELSS Tax Saver Ÿ The investment objective of the Scheme is to generate long S&P BSE 500 TRI

Fund term capital appreciation from a diversified portfolio of

predominantly equity and equity related Securities.
Ÿ An ELSS Scheme offering tax benefits under Section 80C of the
Income Tax Act
Ÿ Very High Risk
Investors understand that their principal The Benchmark Risk-o-meter is at
will be at Very High risk Very High Risk.

Groww Arbitrage Fund Ÿ To generate reasonable returns over short to medium term. NIFTY 50 Arbitrage Index

Ÿ Investment predominantly in arbitrage opportunities in the

cash and derivative segments of the equity markets and the
arbitrage opportunities available within the derivative segment
and by investing the balance in debt and money market
instruments.
Investors understand that their principal
Ÿ Low Risk The Benchmark Risk-o-meter is at
will be at Low risk
Low Risk.

Groww Nifty 50 Ÿ Long term capital appreciation Nifty 50 TRI (Total Return Index)

Exchange Traded Fund Ÿ Investment in securities covered by Nifty 50 Index

Ÿ Very High Risk

Investors understand that their principal The Benchmark Risk-o-meter is at

will be at Very High risk Very High Risk.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Data as on 31st July 2023 21

 IDCW History

Dividend History
GROWW LIQUID FUND - MONTHLY IDCW OPTION (FORMERLY KNOWN AS INDIABULLS LIQUID FUND)
NAV (in `) IDCW/Unit (in `)
Record Date Face Value (in `)
Regular Direct Regular Direct
03-07-2023 1,000 1000.8672 1029.3614 5.7561 5.9935
01-06-2023 1,000 1000.8672 1029.3614 5.2610 5.4929
02-05-2023 1,000 1000.8672 1029.3614 4.9498 5.1572

GROWW SHORT DURATION FUND - MONTHLY IDCW OPTION (FORMERLY KNOWN AS INDIABULLS SHORT TERM FUND)
NAV (in `) IDCW/Unit (in `)
Record Date Face Value (in `)
Regular Direct Regular Direct
26-07-2023 1,000 1020.0112 1014.1183 3.2493 3.8819
27-06-2023 1,000 1020.0112 1014.1178 2.5821 3.4916
26-05-2023 1,000 1020.0112 1014.1178 3.1774 4.0471

GROWW ARBITRAGE FUND - MONTHLY IDCW OPTION (FORMERLY KNOWN AS INDIABULLS ARBITRAGE FUND)
NAV (in `) IDCW/Unit (in `)
Record Date Face Value (in `)
Regular Direct Regular Direct
28-04-2020 10.00 10.5276 10.6498 0.0550 0.0550
24-02-2020 10.00 10.5048 10.6131 0.0487 0.0487
22-01-2020 10.00 10.4951 10.5975 0.0487 0.0487

GROWW ARBITRAGE FUND - HALF YEARLY IDCW OPTION (FORMERLY KNOWN AS INDIABULLS ARBITRAGE FUND)
NAV (in `) IDCW/Unit (in `)
Record Date Face Value (in `)
Regular Direct Regular Direct
22-03-2018 10.00 NA 10.6987 NA 0.6751

GROWW LARGE CAP FUND - MONTHLY OPTION (FORMERLY KNOWN AS INDIABULLS BLUECHIP FUND)
NAV (in `) IDCW/Unit (in `)
Record Date Face Value (in `)
Regular Direct Regular Direct
22-03-2018 10.00 11.6200 NA 3.9100 NA
17-06-2017 10.00 10.9000* 11.0700* 1.7500 5.2500
23-03-2016 10.00 13.8200 14.4600 1.9000 2.2500

GROWW DYNAMIC BOND FUND - MONTHLY IDCW OPTION (FORMERLY KNOWN AS INDIABULLS DYNAMIC BOND FUND)
NAV (in `) IDCW/Unit (in `)
Record Date Face Value (in `)
Regular Direct Regular Direct
26-07-2023 1,000 1006.2424 1006.2793 2.7208 3.5083
27-06-2023 1,000 1006.2424 1006.2785 1.8919 2.1891
26-05-2023 1,000 1006.2424 1006.2760 5.6563 5.8751

GROWW OVERNIGHT FUND - MONTHLY IDCW OPTION (FORMERLY KNOWN AS INDIABULLS OVERNIGHT FUND)
NAV (in `) IDCW/Unit (in `)
Record Date Face Value (in `)
Regular Direct Regular Direct
03-07-2023 1,000 1001.7320 1001.8742 5.1677 5.2959
01-06-2023 1,000 1001.4739 1001.4546 4.4217 4.3644
02-05-2023 1,000 1001.6293 1001.6273 4.8878 4.8820

For all above, Pursuant to payment of IDCW, the NAV of the scheme will fall to the extent of IDCW distribution and statutory levy (if any). Past performance may or may not be sustained in future.

Data as on 31st July 2023 22

NOTES
Groww Asset Management Limited
CIN- U65991HR2008PLC095063
Registered Office
Plot No. 422, Udyog Vihar, Phase-IV, Gurgaon, Haryana- 122016, Tel: (0124) - 6681199, Fax: (0124) – 6681111
Corporate Office
1202A - 12A Floor, One World Centre, Lower Parel, Mumbai – 400013, Maharashtra. Tele - +91 22 69744435
Phone : 91 80501 80222
Email : support@growwmf.in Website: www.growwmf.in
Disclaimer : The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including
the fluctuations in the int erest rates. The past performance of the mutual funds managed by the Groww Asset Management Limited is not
necessarily indicative of future performance of the scheme/s. The Mutual Fund is not guaranteeing or assuring any dividend under any of the
schemes and the same is subject to the availability of distributable surplus and at the sole discretion of trustees. The views expressed herein
represents general market outlook and purely represent the views of the author. This document shall not be deemed to constitute any offer
to sell the schemes of Groww Asset Management Limited. Investors are requested to review the prospectus carefully and obtain expert
professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

Disclaimer by the National Stock Exchange of India Limited: It is to be distinctly understood that the permission given by NSE should not
in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the
correctness or completeness of any of the contents of the Draft Scheme Information Document. The investors are advised to refer to the
Scheme Information Document for the full text of the 'Disclaimer Clause of NSE.

Disclaimer of NSE Indices Limited: Groww Nifty50 Exchange Traded Fund offered by Groww Mutual Fund is not sponsored, endorsed,
sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (IISL)). NSE INDICES LIMITED does
not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use)
and disclaims all liability to the owners of “Groww Nifty50 Exchange Traded Fund” or any member of the public regarding the advisability of
investing in securities generally or in “Groww Nifty50 Exchange Traded Fund” linked to NIFTY 50 Index or particularly in the ability of the
NIFTY 50 Index to track general stock market performance in India. Please read the full Disclaimers in relation to the NIFTY 50 Index in the
in the Scheme Information Document.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.