2023

May
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 NIFTY500 Value 50 - TRI S&P BSE 500 TRI

Fund Manager Equity - 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 ` 95.04 Crore ` 37.27 Crore ` 36.57 Crore
Crores)
Month End AUM (Rs. in Crores) ` 95.64 Crore ` 37.50 Crore ` 37.03 Crore
Portfolio Turnover 0.36 0.39 0.32
Standard Deviation# 4.2255 4.2484 3.9182
Sharpe Ratio# 0.92 1.01 0.94
Beta# 0.95 0.50 0.88
R Square# 0.94 0.66 0.95
Expense Ratio$ (Regular Plan / 2.42% / 1.27% 2.30% / 0.50% 2.25% / 0.50%
Direct Plan)

Market Capitalisation* (%)

Large Cap 87.35 64.76 76.82
Mid Cap 2.61 4.77 3.85
Small Cap - 0.88 -

Portfolio Details
Number of Stocks 37 29 35
Top 10 Stocks (%) 54.53 45.29 48.73
Top 5 Sectors (%) 60.86 50.22 54.70

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 May 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 (6.40% as on May 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 ` 4.41 Crore ` 33.88 Crore ` 11.93 Crore
Crores)
Month End AUM (Rs. in Crores) ` 4.41 Crore ` 34.17 Crore ` 12.10 Crore
Portfolio Turnover 9.60 0.63 0.03
Standard Deviation# 0.1893 - -
Sharpe Ratio# -5.83 - -
Beta# 0.30 - -
R Square# 0.35 - -
Expense Ratio$ (Regular Plan / 1.21% / 0.58% 2.35% /1.55% NA / 0.53%
Direct Plan)

Market Capitalisation* (%)

Large Cap 50.75 68.66 -
Mid Cap 7.51 1.55 -
Small Cap 9.38 - -

Portfolio Details
Number of Stocks 12 28 50
Top 10 Stocks (%) 64.19 44.06 57.59
Top 5 Sectors (%) 51.99 48.39 67.73

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 May 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 (6.40% as on May 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. Karan Singh & Mr. Kaustubh Sule

Fund Overview
Monthly Average AUM (Rs. in Crores) ` 5.04 Crore ` 132.73 Crore ` 6.99 Crore ` 5.33 Crores
Month End AUM (Rs. in Crores) ` 0.95 Crore ` 127.49 Crore ` 5.22 Crore ` 5.34 Crores
Modified Duration 1.00 Day 60.00 Days 34.08* Months 4.64 Years
Average Maturity 1.00 Day 66.00 Days 3.36 Years 6.58 Years
Annualized YTM 6.24% 6.83% 6.03% 6.18%
Expense Ratio$ (Regular Plan/ Direct Plan) 0.23%/0.18% 0.31% / 0.22% 1.49% / 0.38% 0.76% / 0.36%

Composition of Assets (%)

Certificate of Deposit - 38.70% - -
Treasury Bills - 34.82% - -
Fixed Deposit - 0.47% 11.51% 11.23%
Commercial Papers - 15.48% - -
Non Convertible Debentures - - - -
Government securities - - 67.49% 76.02%
TREPS/Reverse Repo/ Net current assets 100.00% 10.51% 21.00% 12.75%

Composition by Ratings (%)

AAA & Equivalent - - - -
AA/AA- & Equivalent - - - -
A1+ & Equivalent - 54.18% - -
SOV - 34.82% 67.49% 76.02%
Cash & Others 100.00% 10.98% 32.51% 23.98%

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 May 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)

MAY 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.

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 1 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 May 31, 2023)
Monthly Average AUM ` 5.04 Crore Performance Report
Month End AUM ` 0.95 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 5.5746 10,010.69 6.2651 10,012.02 5.9002 10,011.32
1.00 Day 1.00 Day 1.00 Day 6.24%
15 days 5.1750 10,021.27 6.3025 10,025.90 8.7018 10,035.76
1 Month 5.2161 10,044.30 6.5439 10,055.58 7.3640 10,062.54
Total Expense Ratio
1 Year 5.5461 10,554.61 6.0072 10,600.72 6.2562 10,625.62
Direct Plan 0.18% 3 Years 3.8740 11,207.81 4.1990 11,313.33 4.1991 11,313.36
Regular Plan 0.23%
5 Years NA NA NA NA NA NA
(Including Additional Expenses and goods and service tax
on management fees.) Since Inception 4.0193 11,660.58 4.2887 11,778.79 5.0808 12,131.41

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 ` 1166.06 Growth ` 1170.07 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 ` 1001.21 Weekly IDCW NA
Managers and relevant scheme for performance. Past performance may or may not be sustained in future. Data
Fortnightly IDCW ` 1001.83 Fortnightly IDCW NA as on 31st May 2023
Monthly IDCW ` 1005.76 Monthly IDCW ` 1005.68

Fund Style

Credit Quality
High Mid Low
High

Interest Rate
Sensitivity
Mid
Low

Data as on 31st May 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.)

MAY 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.

Fund Snapshot Portfolio

Inception Date (Date of Allotment) Company Name Rating Class % to NAV
25th October, 2011 Treasury Bills
Benchmark 182 Days Treasury Bill 17-Aug-2023 SOV 19.33%
CRISIL Liquid Debt B-I Index 91 Days TBill 03-Aug-2023 SOV 7.75%
91 Days Treasury Bill 10-Aug-2023 SOV 7.74%
Fund Manager Sub-Total 34.82%
Mr. Karan Singh Commercial Papers
(Managing Fund Since May 29, 2020) ICICI Securities Limited A1+ 7.76%
Toyota Fin Ser India Ltd A1+ 7.72%
Managing the Scheme since 3 Years Sub-Total 15.48%
Mr. Kaustubh Sule Certificate of Deposits
Canara Bank A1+ 7.80%
(Managing Fund Since May 11, 2023) HDFC Bank Limited A1+ 7.73%
Managing the Scheme since 1 Month Export Import Bank of India A1+ 7.73%
Punjab National Bank A1+ 7.73%
Minimum Investment Amount (for fresh application) Bank of Maharashtra A1+ 7.71%
For Lumpsum & SIP : ` 500 and in multiples of ` 1/- Sub-Total 38.70%
Fixed Deposit
thereafter HDFC Bank Limited 0.47%
Minimum Additional Investment Sub-Total 0.47%
Tri Party Repo (TREPs)
` 500 and in multiples of ` 1/- thereafter *TREPS/Reverse Repo/Net current assets 10.51%
Grand Total 100.00%
Load Structure (as % of NAV) *TREPS : Tri-party repo dealing system
Entry Load: Not Applicable
Exit Load: (w.e.f. October 19, 2019) Rating Profile Composition of Asset
Investor exit
TREPS/Reverse Repo/
Day 7
Day 1 Day 2 Day 3 Day 4 Day 5 Day 6
upon subscription* onwards Net Current Assets
Exit Load as a % of 10.51%
redemption proceeds
0.0070% 0.0065% 0.0060% 0.0055% 0.0050% 0.0045% 0.0000% FD
*The date of applicable NAV towards redemption units shall be considered 0.47%
for calculating the number of subscription days. CP Certificate
A1+/SOV/FD 15.48% of Deposits
Fund Size (as on May 31, 2023) 38.70%
89.47%
Monthly Average AUM ` 132.73 Crore T-Bills
Month End AUM ` 127.49 Crore 34.82%

Maturity and Yield

Note : TREPS/Reverse Repo/Net Current Assets of 10.51%

Modified Average Macaulay Annualized Performance Report

Duration Maturity Duration YTM
60 Day 66 Day 64 Day 6.83% Regular Plan Scheme Benchmark* Additional Benchmark**
Period Returns Value of Std Returns Value of Returns Value of
Total Expense Ratio (%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
Rs. 10,000
Direct Plan 0.22% invested invested
invested
Regular Plan 0.31%
7 days 5.9681 10,011.45 6.6419 10,012.74 5.9002 10,011.32
(Including Additional Expenses and goods and service tax
on management fees.) 15 days 6.4604 10,026.55 7.0689 10,029.05 8.7018 10,035.76
NAV of Plans / Options Per Unit 1 Month 6.3560 10,053.98 7.1358 10,060.61 7.3640 10,062.54

Regular Plan Direct Plan 1 Year 5.8880 10,588.80 6.4327 10,643.27 6.2562 10,625.62

Growth ` 2184.28 Growth ` 2206.32 3 Years 4.0512 11,265.26 4.6228 11,451.93 4.1991 11,313.36
Daily IDCW ` 1001.15 Daily IDCW ` 1001.06 5 Years 5.0263 12,780.54 5.4386 13,033.49 5.6777 13,182.02
Weekly IDCW ` 1001.97 Weekly IDCW ` 1000.91 Since Inception 6.9638 21,842.80 6.9405 21,787.49 6.5698 20,927.14
Fortnightly IDCW ` 1001.48 Fortnightly IDCW` 1001.57
*CRISIL Liquid Debt B-I Index, **CRISIL 1 Yr T-Bill Index.
Monthly IDCW ` 1005.90 Monthly IDCW ` 1034.62
Returns shown for 7 days, 15 days and 30 days are computed on Simple Annualised basis. Returns greater than 1
Fund Style year period are compounded annualized returns (CAGR). Load is not taken into consideration. Different plans shall
Credit Quality 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
High Mid Low 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 May 2023
High

Interest Rate
Sensitivity
Mid
Low

Data as on 31st May 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.

MAY 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.

Fund Snapshot Portfolio

Inception Date (Date of Allotment) Company Name Rating Class % to NAV
13th September, 2013
Govt Securities
Benchmark
7.06% GOI - 10-Apr-2028 SOV 67.49%
CRISIL Short Duration Debt B-II Index
Sub-Total 67.49%
Fund Manager
Fixed Deposit
Mr. Karan Singh
(Managing Fund Since May 29, 2020) HDFC Bank Limited 7.67%
Managing the Scheme since 3 Years HDFC Bank Limited 1.92%
Mr. Kaustubh Sule HDFC Bank Limited 1.92%
(Managing Fund Since May 11, 2023) Sub-Total 11.51%
Managing the Scheme since 1 Month Tri Party Repo (TREPs)
Minimum Investment Amount (for fresh application) *TREPS/Reverse Repo/Net current assets 21.00%
For Lumpsum & SIP : ` 500 and in multiples of ` 1/- Grand Total 100.00%
thereafter
*TREPS : Tri-party repo dealing system
Minimum Additional Investment
` 500 and in multiples of ` 1/- thereafter Rating Profile Composition of Asset
Load Structure (as % of NAV)
TREPS/Reverse Repo/
Entry Load: Not Applicable Net Current Assets
Exit Load: Nil 21.00%

Fund Size (as on May 31, 2023) Govt Securities

67.49%
Monthly Average AUM ` 6.99 Crore
SOV/FD FD
Month End AUM ` 5.22 Crore
79.00% 11.51%
Maturity and Yield

Modified Average Macaulay Annualized

Duration Maturity Duration YTM Note : TREPS/Reverse Repo/Net Current Assets of 21.00%

2.74 Years 3.36 Years 2.84 Years 6.03%

Total Expense Ratio Performance Report

Direct Plan 0.38% Regular Plan Scheme Benchmark* Additional Benchmark**

Regular Plan 1.49% 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 5.3267 10,532.67 7.4616 10,746.16 10.0398 11,003.98

Regular Plan Direct Plan 3 Years 3.4798 11,082.77 6.0841 11,942.41 3.1559 10,978.83
Growth ` 1813.12 Growth ` 2035.49 5 Years 4.6751 12,568.15 7.2848 14,215.91 6.8372 13,921.66
Weekly IDCW ` 1012.80 Weekly IDCW ` 1013.06 Since Inception 6.3146 18,131.21 7.9360 21,004.18 6.8112 18,971.03
Fortnightly IDCW ` 1015.62 Fortnightly IDCW ` 1015.05
*CRISIL Short Duration Debt B-II Index, **CRISIL 10 Year Gilt Index.
Monthly IDCW ` 1020.82 Monthly IDCW ` 1015.11
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 May 2023
High Mid Low
High

Interest Rate
Sensitivity
Mid
Low

Data as on 31st May 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.)
MAY 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(s) 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 57.20%
CRISIL Dynamic Bond B-III Index
7.06% GOI - 10-Apr-2028 SOV 18.82%
Fund Manager
Mr. Karan Singh Sub-Total 76.02%
(Managing Fund Since May 29, 2020) Fixed Deposit
Managing the Scheme since 3 Years HDFC Bank Limited 7.49%
Mr. Kaustubh Sule HDFC Bank Limited 1.87%
(Managing Fund Since May 11, 2023) HDFC Bank Limited 1.87%
Managing the Scheme since 1 Month Sub-Total 11.23%
Minimum Investment Amount (for fresh application) Tri Party Repo (TREPs)
For Lumpsum & SIP : ` 500 and in multiples of ` 1/-
*TREPS/Reverse Repo/Net current assets 12.75%
thereafter
Grand Total 100.00%
Minimum Additional Investment
*TREPS : Tri-party repo dealing system
` 500 and in multiples of ` 1/- thereafter
Load Structure (as % of NAV) Rating Profile Composition of Asset
Entry Load: Not Applicable TREPS/Reverse Repo/
Exit Load: Nil Net Current Assets
12.75%
Fund Size (as on May 31, 2023)

Monthly Average AUM ` 5.33 Crore FD Govt Securities

Month End AUM ` 5.34 Crore 11.23% 76.02%
SOV/FD
Maturity and Yield 87.25%

Modified Average Macaulay Annualized

Duration Maturity Duration YTM
4.64 Years 6.58 Years 4.81 Years 6.18% Note : TREPS/Reverse Repo/Net Current Assets of 12.75%

Total Expense Ratio Performance Report

Direct Plan 0.36% Regular Plan Scheme Benchmark* Additional Benchmark**

Regular Plan 0.76% 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 6.1371 10,613.71 8.8972 10,889.72 10.0398 11,003.98
3 Years 4.4307 11,391.69 7.4834 12,422.13 3.1559 10,978.83
Regular Plan Direct Plan
5 Years NA NA NA NA NA NA
Growth ` 1292.90 Growth ` 1322.59
Daily IDCW ` 1008.71 Daily IDCW ` 1008.21 Since Inception 5.8913 12,928.99 8.6835 14,530.83 6.1272 13,058.75
Weekly IDCW ` 1008.24 Weekly IDCW ` 1008.39
* CRISIL Dynamic Bond B-III Index, ** CRISIL 10 Year Gilt Index.
Fortnightly IDCW ` 1009.97 Fortnightly IDCW ` 1010.38
Returns greater than 1 year period are compounded annualized returns (CAGR). Load is not taken into
Monthly IDCW ` 1007.54 Monthly IDCW ` 1007.37
consideration. Different plans shall have different expense structure.
Fund Style 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
Credit Quality
performance. Past performance may or may not be sustained in future. Data as on 31st May 2023
High Mid Low
High

Interest Rate
Sensitivity
Mid
Low

Data as on 31st May 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)

MAY 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.

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 Sun Pharmaceutical Pharmaceuticals & 1.07%
NIFTY 100 - TRI ICICI Bank Limited Banks 9.58% Industries Limited Biotechnology
Reliance Industries Limited Petroleum Products 6.68% Eicher Motors Limited Automobiles 1.06%
Fund Manager HDFC Bank Limited Banks 5.11% Apollo Hospitals Healthcare Services 1.06%
Equity - Mr. Anupam Tiwari ITC Limited Diversified FMCG 5.08% Enterprise Limited
(Managing Fund Since May 11, 2023) State Bank of India Banks 4.97% DLF Limited Realty 1.03%
Managing the Scheme since 1 Month Infosys Limited IT - Software 4.93% Bank of Baroda Banks 1.00%
Larsen & Toubro Limited Construction 4.85% Hindalco Industries Limited Non - Ferrous Metals 0.98%
Minimum Investment Amount (for fresh application) Axis Bank Limited Banks 4.78% Cholamandalam Investment Finance 0.98%
Entry Load: Not Applicable HDFC Limited Finance 4.60% and Finance Company Limited
Hindustan Unilever Limited Diversified FMCG 3.95% Tata Steel Limited Ferrous Metals 0.79%
Exit Load: a) 1% if redeemed/ switched out within 7
UltraTech Cement Limited Cement & 3.21% Bata India Limited Consumer Durables 0.54%
Days from the date of allotment. Cement Products TVS Motor Company Automobiles 0.51%
b) Nil - if redeemed/ switched out after 7 Days from Bajaj Finance Limited Finance 3.07% Limited
the date of allotment. Kotak Mahindra Banks 2.93% Bajaj Auto Limited Automobiles 0.50%
Bank Limited ICICI Lombard General Insurance 0.28%
Minimum Additional Investment Bharti Airtel Limited Telecom - Services 2.39% Insurance Company Limited
` 500 and in multiples of ` 1/- thereafter Maruti Suzuki India Limited Automobiles 2.02% Asian Paints Limited Consumer Durables 0.03%
Load Structure (as % of NAV) Titan Company Limited Consumer Durables 1.87% Divi's Laboratories Limited Pharmaceuticals 0.01%
Hero MotoCorp Limited Automobiles 1.64% & Biotechnology
Entry Load: Not Applicable
Cummins India Limited Industrial Products 1.56% Total Equity & Equity Related Holdings 89.96%
Exit Load: a) 1% if redeemed/ switched out within 7 Tata Motors Limited Automobiles 1.51% Non Convertible Debentures
Days from the date of allotment. Tata Consultancy IT - Software 1.48% Britannia Industries Limited CRISIL AAA 0.00%
b) Nil - if redeemed/ switched out after 7 Days from Services Limited Sub-Total 0.00%
Britannia Industries Limited Food Products 1.44% Tri Party Repo (TREPs)
the date of allotment. Ambuja Cements Limited Cement & 1.31% *TREPS/Reverse Repo/Net current assets 10.03%
Cement Products Grand Total 100.00%
Fund Size (as on May 31, 2023) HCL Technologies Limited IT - Software 1.16%
Monthly Average AUM ` 95.04 Crore *TREPS : Tri-party repo dealing system
Month End AUM ` 95.64 Crore
Sectoral Allocation (TOP 10)
Portfolio Details 30.00% 28.37%

25.00%
Top 10 Stocks 54.53%
20.00%
Top 5 Sectors 60.86%
15.00%
Total Expense Ratio 9.03% 8.65%
10.00% 7.57% 7.24% 6.68% 8.22%
Direct Plan 1.27% 4.85% 4.52%
5.00% 2.44% 2.39%
Regular Plan 2.42%
0.00%
(Including Additional Expenses and goods and service tax
Diversified FMCG

Construction

Consumer Durables

Others
Banks

Automobiles

Petroleum Products

Products

Telecom - Services
Finance

IT - Software

Cement & Cement

on management fees.)

Quantitative / Volatility Measures

Standard Sharpe Portfolio

Deviation Ratio* Turnover
4.2255 0.92 0.36% 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
0.95 0.94 (Rs.) invested invested invested
37
1 Year 1,20,000 10.83 1,26,865 10.59 1,26,714 13.79 1,28,705
*Annualised. Risk free rate assumed to be 6.40 3 Years 3,60,000 11.10 4,24,970 13.52 4,40,124 14.93 4,49,100
(FBIL OVERNIGHT MIBOR)
5 Years 6,00,000 10.61 7,83,196 14.11 8,53,980 15.14 8,76,014
NAV of Plans / Options Per Unit 7 Years 8,40,000 9.88 11,93,909 13.28 13,47,525 14.54 14,09,509
10Years 12,00,000 10.32 20,48,143 13.03 23,66,506 13.67 24,48,644
Regular Plan Direct Plan Since Inception 13,60,000 10.53 25,38,641 13.19 29,90,238 13.69 30,84,876
Growth ` 30.3900 Growth ` 35.3900
IDCW ` 17.1200 IDCW ` 20.5200 *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
` 17.5000 ` 15.8200
unit of the scheme as on the first working day for the respective time periods. The loads have not been taken into
Quarterly IDCW ` 18.1400 Quarterly IDCW ` 19.7600
account. Past performance may or may not be sustained in future. The performance details provided herein are of
Half YearlyIDCW ` 18.2500 Half YearlyIDCW ` 19.9100 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 May 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)

MAY 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 11.1558 11,115.58 11.0673 11,106.73 14.0489 11,404.89
Capitalisation

3 Years 20.5950 17,556.33 24.9642 19,538.31 26.0168 20,037.16

Medium

5 Years 8.4638 15,014.82 12.0587 17,675.17 13.4814 18,826.71

Since Inception 10.3274 30,390.00 13.1443 40,417.08 13.3206 41,134.81

*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 May 2023

Data as on 31st May 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)
MAY 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 Cement Products
Benchmark ICICI Bank Limited Banks 7.13% ICICI Lombard General Insurance 0.85%
CRISIL Hybrid 35+65 - Aggressive Index HDFC Bank Limited Banks 6.46% Insurance Company Limited
Reliance Industries Limited Petroleum Products 5.59% DLF Limited Realty 0.82%
Fund Manager
Infosys Limited IT - Software 4.25% Hindalco Industries Limited Non - Ferrous Metals 0.77%
Debt - Mr. Kaustubh Sule
Larsen & Toubro Limited Construction 3.65% Sun Pharmaceutica Pharmaceuticals & 0.71%
(Managing Fund Since May 11, 2023) State Bank of India Banks 3.59% Industries Limited Biotechnology
Managing the Scheme since 1 Month ITC Limited Diversified FMCG 3.59% Total Equity & Equity Related Holdings 70.21%
Equity - Mr. Anupam Tiwari Axis Bank Limited Banks 3.30% Govt Securities
HDFC Limited Finance 3.28% 7.26% GOI MAT SOV 5.96%
(Managing Fund Since May 11, 2023)
Hindustan Unilever Limited Diversified FMCG 3.22% 06-Feb-2033
Managing the Scheme since 1 Month UltraTech Cement Limited Cement & 2.42% 7.06% GOI - SOV 5.89%
Load Structure (as % of NAV) Cement Products 10-Apr-2028
Entry Load: Not Applicable Titan Company Limited Consumer Durables 2.31% Sub-Total 11.85%
Bajaj Finance Limited Finance 2.31% Treasury Bills
Exit Load:
Maruti Suzuki India Limited Automobiles 2.12% 182 Days Treasury SOV 14.37%
a)1% if redeemed/ switched out within 7 Days from the Hero MotoCorp Limited Automobiles 1.98% Bill 07-Sep-2023
date of allotment, Kotak Mahindra Banks 1.92% Sub-Total 14.37%
b)Nil - if redeemed/ switched out after 7 Days from the Bank Limited Fixed Deposit
date of allotment Tata Consultancy IT - Software 1.67% HDFC Bank Limited 0.44%
Services Limited Sub-Total 0.44%
Minimum Additional Investment Cummins India Limited Industrial Products 1.55% Tri Party Repo (TREPs)
HCL Technologies Limited IT - Software 1.41% *TREPS/Reverse Repo/Net current assets 3.14%
` 500 and in multiples of ` 1/- thereafter
Bharti Airtel Limited Telecom - Services 1.27% Grand Total 100.00%
Minimum Investment Amount (for fresh application) Tata Motors Limited Automobiles 1.16%
For Lumpsum & SIP : `500 and in multiples of `1/- Eicher Motors Limited Automobiles 1.00%
Britannia Industries Limited Food Products 0.95%
thereafter
Ambuja Cements Limited Cement & 0.93%
*TREPS : Tri-party repo dealing system
Fund Size (as on May 31, 2023)
Monthly Average AUM ` 33.88 Crore Sectoral Allocation (Equity Holding) Rating Profile (Debt Holding)
Month End AUM ` 34.17 Crore
Banks 22.40%
Portfolio Details IT - Software 7.33%
Top 10 Stocks 44.06% Diversified FMCG 6.81%
Automobiles 6.26%
Top 5 Sectors 48.39%
Finance 5.59%
Total Expense Ratio Petroleum Products 5.59%
Construction 3.65%
Direct Plan 1.55% Cement & Cement Products 3.35%
Regular Plan 2.35% SOV/FD
Consumer Durables 2.31%
26.66%
(Including Additional Expenses and goods and service tax Industrial Products 1.55%
on management fees.) Telecom - Services 1.27%
Food Products 0.95%
NAV of Plans / Options Per Unit
Insurance 0.85%
Regular Plan Direct Plan Realty 0.82% Note : TREPS/Reverse Repo/Net Current Assets of 3.14%
Growth ` 15.5205 Growth ` 16.8326 Non - Ferrous Metals 0.77%
Pharmaceuticals &
IDCW ` 15.5178 IDCW ` 16.6998 Biotechnology 0.71%
Monthly IDCW ` 15.5188 Monthly IDCW ` 16.6747
Quarterly IDCW ` 16.4503 Quarterly IDCW ` 16.5034
Half YearlyIDCW ` 15.4837 Half YearlyIDCW ` 16.1972 SIP Returns

Fund Style Scheme Benchmark* Additional Benchmark**

Investment Style Period Investment Returns Value of Returns Value of Returns Value of
Growth Blend Value Amount (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
(Rs.) invested invested invested
1 Year 1,20,000 10.61 1,26,727 11.46 1,27,259 12.89 1,28,147
Large

3 Years 3,60,000 10.66 4,22,260 11.60 4,28,046 14.70 4,47,593

Since Inception 5,40,000
Capitalisation

11.11 6,93,583 12.94 7,22,213 15.47 7,63,521

Medium

*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
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
Small

using XIRR method (investment internal rate of return).

Data as on 31st May 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)
MAY 2023

Performance Report

Regular Plan Scheme Benchmark* Additional Benchmark**

Period Returns Value of Std Returns Value of Returns Value of
(%) Investment of (%) Rs. 10,000 (%) Rs. 10,000
Rs. 10,000
invested invested
invested
1 Year 10.9170 11,091.70 11.4946 11,149.46 12.9365 11,293.65
3 Years 18.9151 16,831.51 19.2124 16,958.31 26.0174 20,037.43
5 Years NA NA NA NA NA NA
Since Inception 10.3440 15,520.50 12.6357 17,012.67 14.2220 18,109.04

*CRISIL Hybrid 35+65 - Aggressive Index, ** 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 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 May 2023

Data as on 31st May 2023 08

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

MAY 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.

Portfolio
Fund Snapshot
Company Name Industry/ Rating % to NAV Company Name Industry/ Rating % to NAV
Inception Date (Date of Allotment) Equity & Equity Related Holdings NTPC Limited Power 0.88%
8th September, 2015 Reliance Industries Limited Petroleum Products 7.26% Sun Pharmaceutical Pharmaceuticals &
ICICI Bank Limited Banks 7.05% Industries Limited Biotechnology 0.59%
HDFC Bank Limited Banks 6.41% Tata Consumer Agricultural Food 0.52%
Benchmark
State Bank of India Banks 4.68% Products Limited & other Products
NIFTY500 Value 50 - TRI Axis Bank Limited Banks 4.38% Chemplast Sanmar Ltd Chemicals & 0.46%
Infosys Limited IT - Software 3.61% Petrochemicals
ITC Limited Diversified FMCG 3.28% ICICI Lombard General Insurance 0.42%
Fund Manager
Larsen & Toubro Limited Construction 3.00% Insurance Company Limited
Debt - Mr. Kaustubh Sule HCL Technologies Limited IT - Software 2.94% Total Equity & Equity Related Holdings 70.41%
(Managing Fund Since May 11, 2023) Bajaj Finance Limited Finance 2.68% Mutual Fund Units
Managing the Scheme since 1 Month Hindustan Unilever Limited Diversified FMCG 2.42% Indiabulls Mutual Fund 27.59%
HDFC Limited Finance 2.13% Sub-Total 27.59%
Equity - Mr. Anupam Tiwari UltraTech Cement Limited Cement & 2.12% Tri Party Repo (TREPs)
(Managing Fund Since May 11, 2023) Cement Products *TREPS/Reverse Repo/Net current assets 1.99%
Bharti Airtel Limited Telecom - Services 2.06% Grand Total 100.00%
Managing the Scheme since 1 Month
Hindalco Industries Limited Non - Ferrous Metals 1.88%
Cummins India Limited Industrial Products 1.77%
Minimum Investment Amount (for fresh application)
Tata Motors Limited Automobiles 1.73%
For Lumpsum & SIP : ` 500 and in multiples of ` .1/-
Bata India Limited Consumer Durables 1.44%
thereafter Kotak Mahindra Bank Banks 1.37%
Limited
Minimum Additional Investment Maruti Suzuki India Limited Automobiles 1.18%
` 500 and in multiples of ` 1/- thereafter Hero MotoCorp Limited Automobiles 1.11%
DLF Limited Realty 1.03%
Load Structure (as % of NAV) Bank of Baroda Banks 1.01%
Entry Load: Not Applicable Tata Consultancy IT - Software 1.00%
Exit Load: a) 1% if redeemed/ switched out within Services Limited
*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%
24.90%
Fund Size (as on May 31, 2023) 25.00%

Monthly Average AUM ` 37.27 Crore 20.00%

Month End AUM ` 37.50 Crore 15.00%

10.00% 7.55% 7.26% 7.11%

Portfolio Details 5.70% 4.81%
4.02% 3.00%
5.00% 2.12% 2.06% 1.88%
Top 10 Stocks 45.29% 0.00%
Diversified FMCG

Construction

Others
Non - Ferrous Metals
Banks

Petroleum Products

Automobiles

Products

Telecom - Services
IT - Software

Finance

Cement & Cement

Top 5 Sectors 50.22%

Total Expense Ratio

Direct Plan 0.50%
Regular Plan 2.30%
(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 ` 17.5157 Growth ` 20.3019 Amount (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
IDCW ` 17.5097 IDCW ` 20.2263 (Rs.) invested invested invested
Monthly IDCW ` 13.5931 Monthly IDCW ` 14.8896 1 Year 1,20,000 7.66 1,24,879 26.86 1,36,666 12.89 1,28,147
Quarterly IDCW ` 13.2342 Quarterly IDCW ` 16.2416 3 Years 3,60,000 11.24 4,25,816 30.97 5,59,985 14.70 4,47,593
Half YearlyIDCW ` 14.3474 Half YearlyIDCW ` 16.2546
5 Years 6,00,000 11.13 7,93,311 23.50 10,73,285 14.91 8,71,003
7 Years 8,40,000 8.49 11,36,056 16.19 14,94,993 14.01 13,83,295
Since Inception 9,30,000 8.40 12,95,944 15.75 17,38,112 13.98 16,19,021

*NIFTY500 Value 50 - 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 May 2023 09

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

MAY 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 8.4859 10,848.59 25.9534 12,595.34 12.9365 11,293.65
Capitalisation

3 Years 22.2475 18,289.34 44.8199 30,434.46 26.0174 20,037.43

Medium

5 Years 5.9482 13,351.70 11.0728 16,910.76 12.8934 18,343.70

Since Inception 7.5190 17,515.70 14.3409 28,182.91 13.4212 26,477.04

*NIFTY 500 Value 50 - 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 May 2023

Data as on 31st May 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.)
MAY 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 is no assurance that the investment objective of the Scheme will be realized and 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 DLF Limited Realty 1.03%
ICICI Bank Limited Banks 7.85% Bank of Baroda Banks 1.01%
Benchmark HDFC Bank Limited Banks 7.66% Hindalco Industries Limited Non - Ferrous Metals 0.97%
Reliance Industries Limited Petroleum Products 6.88% Ambuja Cements Limited Cement & 0.85%
S&P BSE 500 TRI
ITC Limited Diversified FMCG 4.37% Cement Products
Axis Bank Limited Banks 4.15% SBI Life Insurance Insurance 0.79%
Fund Manager
Infosys Limited IT - Software 4.04% Company Limited
Debt - Mr. Kaustubh Sule Larsen & Toubro Limited Construction 4.00% ICICI Lombard General Insurance 0.63%
(Managing Fund Since May 11, 2023) UltraTech Cement Limited Cement & 3.59% Insurance Company Limited
Managing the Scheme since 1 Month Cement Products Gujarat Gas Limited Gas 0.57%
State Bank of India Banks 3.18% Sun Pharmaceutica Pharmaceuticals & 0.52%
Equity - Mr. Anupam Tiwari
Hindustan Unilever Limited Diversified FMCG 3.01% Industries Limited Biotechnology
(Managing Fund Since May 11, 2023) Bajaj Finance Limited Finance 2.86% TVS Motor Automobiles 0.51%
Managing the Scheme since 1 Month Tata Motors Limited Automobiles 2.36% Company Limited
Maruti Suzuki India Limited Automobiles 2.25% Bajaj Auto Limited Automobiles 0.51%
Minimum Investment Amount (for fresh application) HDFC Limited Finance 2.11% Dr. Reddy's Pharmaceuticals & 0.01%
For Lumpsum & SIP : ` 500 and in multiples of ` Bharti Airtel Limited Telecom - Services 1.97% Laboratories Limited Biotechnology
500/- thereafter Kotak Mahindra Banks 1.77% Asian Paints Limited Consumer Durables 0.00%
Bank Limited Total Equity & Equity Related Holdings 80.67%
Minimum Additional Investment Titan Company Limited Consumer Durables 1.69% Mutual Fund Units
Cummins India Limited Industrial Products 1.69% Indiabulls Mutual Fund 15.96%
` 500 and in multiples of ` 1/- thereafter Britannia Industries Limited Food Products 1.61% Sub-Total 15.96%
Load Structure (as % of NAV) Hero MotoCorp Limited Automobiles 1.47% Tri Party Repo (TREPs)
Entry Load: Not Applicable Tata Consultancy IT - Software 1.32% *TREPS/Reverse Repo/Net current assets 3.38%
Services Limited Grand Total 100.00%
Exit Load: Nil
HCL Technologies Limited IT - Software 1.28%
Fund Size (as on May 31, 2023) Bata India Limited Consumer Durables 1.08%
Eicher Motors Limited Automobiles 1.08%
Monthly Average AUM *TREPS : Tri-party repo dealing system
` 36.57 Crore
Month End AUM ` 37.03 Crore
Sectoral Allocation
Portfolio Details 30.00%
25.62%
Top 10 Stocks 48.73% 25.00%
Top 5 Sectors 54.70% 20.00%

Total Expense Ratio 15.00%

10.00% 8.18% 7.38% 7.82%

Direct Plan 0.50% 6.88% 6.64%
4.97% 4.44% 4.00%
5.00% 2.77% 1.97%
Regular Plan 2.25%
(Including Additional Expenses and goods and service tax 0.00%
Diversified FMCG

Construction

Consumer Durables

Others
Banks

Automobiles

Petroleum Products

Products

Telecom - Services
IT - Software

Finance

Cement & Cement

on management fees.)

Quantitative / Volatility Measures

Standard Sharpe Portfolio

Deviation Ratio* Turnover
SIP Returns
3.9182 0.94 0.32%
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
0.88 0.95 36
1 Year 1,20,000 9.24 1,25,871 12.61 1,27,971 12.89 1,28,147
3 Years 3,60,000 10.50 4,21,252 15.45 4,52,457 14.70 4,47,593
*Annualised. Risk free rate assumed to be 6.40 5 Years 6,00,000 10.34 7,77,976 15.76 8,89,419 14.91 8,71,003
(FBIL OVERNIGHT MIBOR) Since Inception 6,60,000 9.58 8,60,635 14.98 9,97,827 14.45 9,83,516

*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 ` 13.8500 Growth ` 15.2000 Regular Plan. Returns are for Growth option only. CAGR returns are computed after accounting for the cash flow by
IDCW ` 13.8600 IDCW ` 15.1800 using XIRR method (investment internal rate of return).

Data as on 31st May 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.)
MAY 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 9.4862 10,948.62 12.8522 11,285.22 12.9365 11,293.65
Interest Rate
Sensitivity

3 Years 19.8857 17,247.82 27.9499 20,975.22 26.0174 20,037.43

Mid

5 Years 7.4010 14,293.09 12.5806 18,090.83 12.8934 18,343.70

Since Inception 6.1880 13,850.00 11.4399 17,996.14 12.4602 18,908.26

*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 May 2023

Data as on 31st May 2023 12

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

MAY 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 is no assurance or guarantee that the investment objective of
the scheme will be realized.

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 Tri Party Repo (TREPs)
Can Fin Homes Limited Finance 9.38% *TREPS/Reverse Repo/Net current assets 99.22%
Benchmark
Tata Motors Limited Automobiles 8.50% Grand Total 100.00%
NIFTY 50 Arbitrage Index
United Spirits Limited Beverages 7.51% Hedged Position In Equity & Equity -67.99%
Fund Manager
Axis Bank Limited Banks 7.47% Related Instruments
Debt - Mr. Kaustubh Sule & Mr.Karan Singh
HDFC Limited Finance 7.19%
(Managing Fund Since May 11, 2023 &
Since May 29, 2020) ICICI Bank Limited Banks 6.03%
Managing the Scheme since 1 Month & 3 Years Oberoi Realty Limited Realty 5.91%
Equity - Mr. Anupam Tiwari Asian Paints Limited Consumer Durables 4.34%
(Managing Fund Since May 11, 2023) Reliance Industries Limited Petroleum Products 4.20%
Managing the Scheme since 1 Month
Bharti Airtel Limited Telecom - Services 3.66%
Minimum Investment Amount (for fresh application)
Grasim Industries Limited Cement & 1.85%
For Lumpsum : ` 500 and in multiples of ` 1/-
thereafter Cement Products
For SIP : ` 1,000 and in multiples of ` 1/- thereafter Hindustan Petroleum Petroleum Products 1.60%
Minimum Additional Investment Corporation Limited
` 500 and in multiples of ` 1/- thereafter Total Equity & Equity Related Holdings 67.64%
Load Structure (as % of NAV) Fixed Deposit
Entry Load: Not Applicable
HDFC Bank Limited 1.13%
Exit Load: a) 0.25%, if redeemed/ switched out within
Sub-Total 1.13%
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

18.00% 16.57%
Fund Size (as on May 31, 2023)
16.00%
13.50%
Monthly Average AUM ` 4.41 Crore 14.00%
Month End AUM ` 4.41 Crore 12.00%
10.00% 8.50%
7.51%
Portfolio Details 8.00% 5.91% 5.80%
6.00% 4.34%
Top 10 Stocks 64.19% 4.00%
Top 5 Sectors 51.99% 2.00%
0.00%
Total Expense Ratio
Beverages

Consumer Durables
Banks

Automobiles

Petroleum Products
Finance

Realty

Direct Plan 0.58%

Regular Plan 1.21%
(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
0.1893 -5.83 9.60%
Amount (%) Rs. 10,000 (%) Rs. 10,000 (%) Rs. 10,000
(Rs.) invested invested invested
1 Year 1,20,000 4.91 1,23,142 6.64 1,24,237 6.80 1,24,333
Beta R Square No. of Stocks 3 Years 3,60,000 3.35 3,78,847 4.96 3,88,175 4.76 3,86,958
0.30 0.35 12 5 Years 6,00,000 3.41 6,54,063 4.59 6,73,811 5.07 6,81,951
7 Years 8,40,000 3.85 9,62,910 4.61 9,89,377 5.41 10,17,801
Since Inception 10,20,000 4.20 12,22,827 4.73 12,51,506 5.63 13,01,855
*Annualised. Risk free rate assumed to be 6.40
(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 May 2023 13

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

MAY 2023

NAV of Plans / Options Per Unit Performance Report

Regular Plan Direct Plan

Regular Plan Scheme Benchmark* Additional Benchmark**
Growth ` 15.2295 Growth ` 16.0456
Period Returns Value of Std Returns Value of Returns Value of
Monthly IDCW ` 11.4032 Monthly IDCW ` 11.7826 Investment of
(%) (%) Rs. 10,000 (%) Rs. 10,000
Quartely IDCW ` 12.3330 Quartely IDCW ` 12.7013 Rs. 10,000
invested invested
Half Yearly IDCW ` 12.2541 Half Yearly IDCW ` 12.7843 invested
Yearly IDCW ` 12.3246 Yearly IDCW ` 12.6700 1 Year 4.0707 10,407.07 5.5381 10,553.81 6.2562 10,625.62
3 Years 2.6029 10,802.90 4.0309 11,261.10 4.1975 11,315.39
5 Years 3.8905 12,103.91 4.6297 12,540.88 5.6777 13,182.02
Since Inception 5.1028 15,229.50 5.2023 15,351.81 6.2098 16,639.68

*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 May 2023

Data as on 31st May 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)

MAY 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 is no guarantee or assurance that the investment objective of the scheme will be achieved.

Fund Snapshot Portfolio

Company Name Industry/ Rating % to NAV Company Name Industry/ Rating % to NAV
Inception Date (Date of Allotment)
Equity & Equity Related Holdings JSW Steel Limited Ferrous Metals 0.80%
26th April, 2019 Reliance Industries Limited Petroleum Products 10.25% Grasim Industries Limited Cement & 0.78%
HDFC Bank Limited Banks 8.70% Cement Products
Benchmark ICICI Bank Limited Banks 8.13% Oil & Natural Gas Oil 0.74%
HDFC Limited Finance 5.86% Corporation Limited
Nifty 50 TRI (Total Return Index) Infosys Limited IT - Software 5.76% Wipro Limited IT - Software 0.73%
ITC Limited Diversified FMCG 4.81% Hindalco Industries Limited Non - Ferrous Metals 0.73%
Fund Manager Tata Consultancy IT - Software 4.13% HDFC Life Insurance Insurance 0.72%
Debt - Mr. Karan Singh Services Limited Company Limited
(Managing Fund Since May 29, 2020) Kotak Mahindra Banks 3.62% Adani Ports and Special Transport 0.68%
Bank Limited Economic Zone Limited Infrastructure
Managing the Scheme since 3 Years Larsen & Toubro Limited Construction 3.26% SBI Life Insurance Insurance 0.68%
Equity - Mr. Anupam Tiwari Axis Bank Limited Banks 3.07% Company Limited
Hindustan Unilever Limited Diversified FMCG 2.92% Britannia Industries Limited Food Products 0.67%
(Managing Fund Since May 11, 2023) State Bank of India Banks 2.72% Dr. Reddy's Pharmaceuticals &
Managing the Scheme since 1 Month Bharti Airtel Limited Telecom - Services 2.55% Laboratories Limited Biotechnology 0.67%
Bajaj Finance Limited Finance 2.29% Bajaj Auto Limited Automobiles 0.63%
Minimum Investment Amount (for fresh application) Asian Paints Limited Consumer Durables 1.76% Coal India Limited Consumable Fuels 0.62%
Maruti Suzuki India Limited Automobiles 1.52% Eicher Motors Limited Automobiles 0.62%
On stock Exchange - 1 unit Direct with mutual fund - HCL Technologies Limited IT - Software 1.48% Cipla Limited Pharmaceuticals & 0.61%
50,000 unit and in multiples thereof Mahindra & Mahindra Automobiles 1.44% Biotechnology
Limited Tata Consumer Agricultural Food
Load Structure (as % of NAV) Titan Company Limited Consumer Durables 1.44% Products Limited & other Products 0.58%
Entry Load: Not Applicable Sun Pharmaceutica Pharmaceuticals &l Apollo Hospitals Healthcare Services 0.57%
Industries Limited Biotechnology 1.29% Enterprise Limited
Exit Load: Nil Tata Motors Limited Automobiles 1.14% Divi's Laboratories Limited Pharmaceuticals & 0.53%
UltraTech Cement Limited Cement & 1.11% Biotechnology
Cement Products Hero MotoCorp Limited Automobiles 0.44%
Fund Size (as on May 31, 2023)
Tata Steel Limited Ferrous Metals 1.04% UPL Limited Fertilizers & 0.44%
Monthly Average AUM IndusInd Bank Limited Banks 1.03% Agrochemicals
` 11.93 Crore NTPC Limited Power 1.01% Bharat Petroleum Petroleum Products 0.42%
Month End AUM ` 12.10 Crore Power Grid Corporation Power 0.98% Corporation Limited
of India Limited Total Equity & Equity Related Holdings 99.57%
Portfolio Details Bajaj Finserv Limited Finance 0.96% Non Convertible Debentures
Nestle India Limited Food Products 0.95% Britannia Industries Limited CRISIL AAA 0.01%
Top 10 Stocks 57.59% Tech Mahindra Limited IT - Software 0.85% Sub-Total 0.01%
Adani Enterprises Limited Metals & 0.84% Tri Party Repo (TREPs)
Top 5 Sectors 67.73% Minerals Trading *TREPS/Reverse Repo/Net current assets 0.42%
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.) 30.00%
27.27%
25.00%
NAV of Plans / Options Per Unit
20.00%
Groww Nifty50 Exchange Traded Fund- ` 194.5774 15.00% 12.95% 13.94%
10.67%
10.00% 9.11% 7.73%
Exchange Listed on 5.79%
5.00% 3.26% 3.20% 3.10% 2.55%
NSE 0.00%
Diversified FMCG

Construction

Consumer Durables

Others
Banks

Petroleum Products

Telecom - Services
IT - Software

Finance

Biotechnology
Pharmaceuticals &
Automobiles

code - IBMFNIFTY

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 12.5051 11,250.51 12.9365 11,293.65
3 Years 25.7715 19,920.15 26.0174 20,037.43
5 Years NA NA NA NA
Since Inception 13.1430 16,565.77 13.1678 16,580.68

*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 May 2023

Data as on 31st May 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 5.6247 10,010.79 6.2651 10,012.02 5.9002 10,011.32
15 days 5.2249 10,021.47 6.3025 10,025.90 8.7018 10,035.76
1 Month 5.2661 10,044.73 6.5439 10,055.58 7.3640 10,062.54
1 Year 5.6018 10,560.18 6.0072 10,600.72 6.2562 10,625.62
3 Years 3.9615 11,236.15 4.1990 11,313.33 4.1991 11,313.36
Since Inception 4.1109 11,700.69 4.2887 11,778.79 5.0808 12,131.41

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 6.0584 10,011.62 6.6419 10,012.74 5.9002 10,011.32
15 days 6.5506 10,026.92 7.0689 10,029.05 8.7018 10,035.76
1 Month 6.4463 10,054.75 7.1358 10,060.61 7.3640 10,062.54
1 Year 5.9863 10,598.63 6.4327 10,643.27 6.2562 10,625.62
3 Years 4.1483 11,296.83 4.6228 11,451.93 4.1991 11,313.36
5 Years 5.1272 12,842.04 5.4386 13,033.49 5.6777 13,182.02
Since Inception 6.7475 19,745.28 6.7622 19,773.63 6.3852 19,058.07

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 6.5633 10,656.33 7.4616 10,746.16 10.0398 11,003.98
3 Years 4.7974 11,512.33 6.0841 11,942.41 3.1559 10,978.83
5 Years 5.9434 13,348.67 7.2848 14,215.91 6.8372 13,921.66
Since Inception 7.5878 20,354.86 7.9360 21,004.18 6.8112 18,971.03

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 12.5278 11,252.78 11.0673 11,106.73 14.0489 11,404.89
3 Years 22.2897 18,308.33 24.9642 19,538.31 26.0168 20,037.16
5 Years 9.9987 16,108.33 12.0587 17,675.17 13.4814 18,826.71
Since Inception 12.1589 33,043.88 12.9636 35,598.45 13.2873 36,675.50

#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 May 2023 16

 GROWW Performance Report (Direct Plan)

GROWW Value Fund

Scheme NIFTY500 Value 50-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 10.4390 11,043.90 25.9534 12,595.34 12.9365 11,293.65
3 Years 24.6961 19,412.61 44.8199 30,434.46 26.0174 20,037.43
5 Years 7.8367 14,585.54 11.0728 16,910.76 12.8934 18,343.70
Since Inception 9.5915 20,301.90 14.3409 28,182.91 13.4212 26,477.04

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 11.4370 11,143.70 12.8522 11,285.22 12.9365 11,293.65
3 Years 22.6458 18,469.02 27.9499 20,975.22 26.0174 20,037.43
5 Years 9.3264 15,621.79 12.5806 18,090.83 12.8934 18,343.70
Since Inception 8.0244 15,200.00 11.4399 17,996.14 12.4602 18,908.26

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 4.7500 10,475.00 5.5381 10,553.81 6.2562 10,625.62
3 Years 3.3067 11,027.15 4.0309 11,261.10 4.1975 11,315.39
5 Years 4.5404 12,487.43 4.6297 12,540.88 5.6777 13,182.02
Since Inception 5.7539 16,045.60 5.2023 15,351.81 6.2098 16,639.68

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 6.6266 10,662.66 8.8972 10,889.72 10.0398 11,003.98
3 Years 4.9552 11,564.49 7.4834 12,422.13 3.1559 10,978.83
Since Inception 6.4283 13,225.87 8.6835 14,530.83 6.1272 13,058.75

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 12.1837 11,218.37 11.4946 11,149.46 12.9365 11,293.65
3 Years 20.9540 17,713.86 19.2124 16,958.31 26.0174 20,037.43
Since Inception 12.3676 16,832.60 12.6357 17,012.67 14.2220 18,109.04

Data as on 31st May 2023 17

 GROWW PERFORMANCE DISCLOSURE

Disclosure on performance of other schemes managed by the fund manager (Data as on 31st May 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- 5.8880 10,588.80 4.0512 11,265.26 5.0263 12,780.54 6.9638 21,842.80
CRISIL Liquid Debt B-I Index (Benchmark) 2011 6.4327 10,643.27 4.6228 11,451.93 5.4386 13,033.49 6.9405 21,787.49
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.2562 10,625.62 4.1991 11,313.36 5.6777 13,182.02 6.5698 20,927.14
Groww Liquid Fund(G)-Direct Plan 31-Dec- 5.9863 10,598.63 4.1483 11,296.83 5.1272 12,842.04 6.7475 19,745.28
CRISIL Liquid Debt B-I Index (Benchmark) 2012 6.4327 10,643.27 4.6228 11,451.93 5.4386 13,033.49 6.7622 19,773.63
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.2562 10,625.62 4.1991 11,313.36 5.6777 13,182.02 6.3852 19,058.07
Groww Short Duration Fund(G)-Regular Plan 13-Sep- 5.3267 10,532.67 3.4798 11,082.77 4.6751 12,568.15 6.3146 18,131.21
CRISIL Short Duration Debt B-II Index (Benchmark) 2013 7.4616 10,746.16 6.0841 11,942.41 7.2848 14,215.91 7.9360 21,004.18
CRISIL 10 Year Gilt Index (Additional Benchmark) 10.0398 11,003.98 3.1559 10,978.83 6.8372 13,921.66 6.8112 18,971.03
Groww Short Duration Fund(G)-Direct Plan 13-Sep- 6.5633 10,656.33 4.7974 11,512.33 5.9434 13,348.67 7.5878 20,354.86
CRISIL Short Duration Debt B-II Index (Benchmark) 2013 7.4616 10,746.16 6.0841 11,942.41 7.2848 14,215.91 7.9360 21,004.18
CRISIL 10 Year Gilt Index (Additional Benchmark) 10.0398 11,003.98 3.1559 10,978.83 6.8372 13,921.66 6.8112 18,971.03
Groww Overnight Fund(G)-Regular Plan** 09-Jul- 5.5461 10,554.61 3.8740 11,207.81 NA NA 4.0193 11,660.58
CRISIL Liquid Overnight Index (Benchmark) 2019 6.0072 10,600.72 4.1990 11,313.33 NA NA 4.2887 11,778.79
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.2562 10,625.62 4.1991 11,313.36 NA NA 5.0808 12,131.41
Groww Overnight Fund(G)-Direct Plan** 09-Jul- 5.6018 10,560.18 3.9615 11,236.15 NA NA 4.1109 11,700.69
CRISIL Liquid Overnight Index (Benchmark) 2019 6.0072 10,600.72 4.1990 11,313.33 NA NA 4.2887 11,778.79
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.2562 10,625.62 4.1991 11,313.36 NA NA 5.0808 12,131.41
Groww Dynamic Bond Fund (G)-Regular Plan** 06-Dec- 6.1371 10,613.71 4.4307 11,391.69 NA NA 5.8913 12,928.99
CRISIL Dynamic Bond B-III Index (Benchmark) 2018 8.8972 10,889.72 7.4834 12,422.13 NA NA 8.6835 14,530.83
CRISIL 10 Year Gilt Index (Additional Benchmark) 10.0398 11,003.98 3.1559 10,978.83 NA NA 6.1272 13,058.75
Groww Dynamic Bond Fund (G)-Direct Plan** 06-Dec- 6.6266 10,662.66 4.9552 11,564.49 NA NA 6.4283 13,225.87
CRISIL Dynamic Bond B-III Index (Benchmark) 2018 8.8972 10,889.72 7.4834 12,422.13 NA NA 8.6835 14,530.83
CRISIL 10 Year Gilt Index (Additional Benchmark) 10.0398 11,003.98 3.1559 10,978.83 NA NA 6.1272 13,058.75

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

Mr.Karan Singh (Debt Portion)
Groww Nifty 50 Exchange Traded Fund** 30-Apr- 12.5051 11,250.51 25.7715 19,920.15 NA NA 13.1430 16,565.77
NIFTY 50 TRI (Benchmark) 2019 12.9365 11,293.65 26.0174 20,037.43 NA NA 13.1678 16,580.68

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

Mr.Karan Singh & Mr. Kaustubh Sule (Debt Portion)
Groww Arbitrage Fund(G)-Regular Plan 19-Dec- 4.0707 10,407.07 2.6029 10,802.90 3.8905 12,103.91 5.1028 15,229.50
NIFTY 50 Arbitrage Index (Benchmark) 2014 5.5381 10,553.81 4.0309 11,261.10 4.6297 12,540.88 5.2023 15,351.81
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.2562 10,625.62 4.1975 11,315.39 5.6777 13,182.02 6.2098 16,639.68
Groww Arbitrage Fund(G)-Direct Plan 19-Dec- 4.7500 10,475.00 3.3067 11,027.15 4.5404 12,487.43 5.7539 16,045.60
NIFTY 50 Arbitrage Index (Benchmark) 2014 5.5381 10,553.81 4.0309 11,261.10 4.6297 12,540.88 5.2023 15,351.81
CRISIL 1 Yr T-Bill Index (Additional Benchmark) 6.2562 10,625.62 4.1975 11,315.39 5.6777 13,182.02 6.2098 16,639.68

Funds Managed by Mr.Anupam Tiwari (Equity Portion)

Groww Large Cap Fund(G)-Regular Plan 10-Feb- 11.1558 11,115.58 20.5950 17,556.33 8.4638 15,014.82 10.3274 30,390.00
2012
NIFTY100 TRI (Benchmark) 11.0673 11,106.73 24.9642 19,538.31 12.0587 17,675.17 13.1443 40,417.08
S&P BSE Sensex TRI (Additional Benchmark) 14.0489 11,404.89 26.0168 20,037.16 13.4814 18,826.71 13.3206 41,134.81
Groww Large Cap Fund(G)-Direct Plan 01-Jan- 12.5278 11,252.78 22.2897 18,308.33 9.9987 16,108.33 12.1589 33,043.88
NIFTY100 TRI (Benchmark) 2013 11.0673 11,106.73 24.9642 19,538.31 12.0587 17,675.17 12.9636 35,598.45
S&P BSE Sensex TRI (Additional Benchmark) 14.0489 11,404.89 26.0168 20,037.16 13.4814 18,826.71 13.2873 36,675.50

Data as on 31st May 2023 18

 GROWW PERFORMANCE DISCLOSURE

Disclosure on performance of other schemes managed by the fund manager (Data as on 31st May 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. Kaustubh Sule (Debt Portion)

Groww Value Fund(G)-Regular Plan 08-Sep- 8.4859 10,848.59 22.2475 18,289.34 5.9482 13,351.70 7.5190 17,515.70
NIFTY500 Value 50 TRI (Benchmark) 2015 25.9534 12,595.34 44.8199 30,434.46 11.0728 16,910.76 14.3409 28,182.91
NIFTY 50 TRI (Additional Benchmark) 12.9365 11,293.65 26.0174 20,037.43 12.8934 18,343.70 13.4212 26,477.04
Groww Value Fund(G)-Direct Plan 08-Sep- 10.4390 11,043.90 24.6961 19,412.61 7.8367 14,585.54 9.5915 20,301.90
NIFTY500 Value 50 TRI (Benchmark) 2015 25.9534 12,595.34 44.8199 30,434.46 11.0728 16,910.76 14.3409 28,182.91
NIFTY 50 TRI (Additional Benchmark) 12.9365 11,293.65 26.0174 20,037.43 12.8934 18,343.70 13.4212 26,477.04
Groww ELSS Tax Saver Fund(G)-Regular Plan 29-Dec- 9.4862 10,948.62 19.8857 17,247.82 7.4010 14,293.09 6.1880 13,850.00
S&P BSE 500 TRI (Benchmark) 2017 12.8522 11,285.22 27.9499 20,975.22 12.5806 18,090.83 11.4399 17,996.14
NIFTY 50 TRI (Additional Benchmark) 12.9365 11,293.65 26.0174 20,037.43 12.8934 18,343.70 12.4602 18,908.26
Groww ELSS Tax Saver Fund(G)-Direct Plan 29-Dec- 11.4370 11,143.70 22.6458 18,469.02 9.3264 15,621.79 8.0244 15,200.00
S&P BSE 500 TRI (Benchmark) 2017
12.8522 11,285.22 27.9499 20,975.22 12.5806 18,090.83 11.4399 17,996.14
NIFTY 50 TRI (Additional Benchmark) 12.9365 11,293.65 26.0174 20,037.43 12.8934 18,343.70 12.4602 18,908.26
Groww Aggressive Hybrid Fund(G)-Regular Plan** 14-Dec- 10.9170 11,091.70 18.9151 16,831.51 NA NA 10.3440 15,520.50
CRISILHybrid 35+65 - Aggressive Index(Benchmark)2018 11.4946 11,149.46 19.2124 16,958.31 NA NA 12.6357 17,012.67
NIFTY 50 TRI (Additional Benchmark) 12.9365 11,293.65 26.0174 20,037.43 NA NA 14.2220 18,109.04
Groww Aggressive Hybrid Fund (G)-Direct Plan** 14-Dec- 12.1837 11,218.37 20.9540 17,713.86 NA NA 12.3676 16,832.60
CRISILHybrid 35+65 - Aggressive Index Benchmark) 2018 11.4946 11,149.46 19.2124 16,958.31 NA NA 12.6357 17,012.67
NIFTY 50 TRI (Additional Benchmark) 12.9365 11,293.65 26.0174 20,037.43 NA NA 14.2220 18,109.04

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 Value 50 - 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 May 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 Low to Moderate Risk
Investors understand that their principal The Benchmark Risk-o-meter is at
will be at Low to 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 Low to Moderate Risk

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

will be at Low to 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 Value 50 - 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 May 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.

G r o w w N i f t y 5 0 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 May 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
02-05-2023 1,000 1000.8672 1029.3614 4.9498 5.1572
03-04-2023 1,000 1000.8672 1029.3614 6.0642 6.3257
01-03-2023 1,000 1000.8672 1029.3614 4.6294 4.8400

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
26-05-2023 1,000 1020.0112 1014.1178 3.1774 4.0471
26-04-2023 1,000 1020.0112 1014.1176 5.9408 6.8447
28-03-2023 1,000 1020.0112 1014.1174 7.6897 8.5302

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
26-05-2023 1,000 1006.2424 1006.2760 5.6563 5.8751
26-04-2023 1,000 1006.2423 1006.2736 5.6461 6.0387
28-03-2023 1,000 1006.2422 1006.2712 8.0705 8.3849

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
02-05-2023 1,000 1001.6293 1001.6273 4.8878 4.8820
03-04-2023 1,000 1001.7235 1001.7683 5.1705 5.3043
01-03-2023 1,000 1001.5320 1001.6290 4.5960 4.6613

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 May 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 : [email protected] 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.