Groww Multi Asset Allocation Fund
The fund maintains a growth-oriented 75.5% equity allocation anchored by quality financials and large caps, while deploying 13.3% in gold as a stabiliser—positioning for moderate upside with downside protection. The substantial portfolio churn this month, swapping established names like Kotak and Tata Steel for fresh exposure to pharma, power, and mid-tier financials, suggests the manager is rotating toward defensive sectors and earnings stability amid market volatility. The sharp contraction in receivables signals deliberate deleveraging, indicating a cautious near-term stance despite maintaining growth-tilted positioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Primary | ₹10.1144 | +1.12% | -2.87% | -0.19% | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Cipla Limited | 1.02% |
| IndusInd Bank Limited | 0.72% |
| Hero MotoCorp Limited | 0.39% |
| Power Finance Corporation Limited | 0.31% |
| Talwandi Sabo Power Limited | 0.14% |
| Malco Energy Limited | 0.14% |
| Vedanta Iron and Steel Limited | 0.14% |
| Vedanta Aluminium Metal Limited | 0.14% |
| Kotak Mahindra Bank Limited 26/05/2026 | -0.06% |
| Tata Steel Limited 26/05/2026 | -0.12% |
| Crompton Greaves Consumer Electrical Ltd 26/05/2026 | -0.24% |
| ITC Limited 26/05/2026 | -0.28% |
| Bajaj Finance Limited 30/06/2026 | -0.42% |
| Bajaj Finance Limited 26/05/2026 | -0.42% |
| DLF Limited 26/05/2026 | -0.46% |
| Lodha Developers Limited 26/05/2026 | -0.57% |
| Titan Company Limited 26/05/2026 | -0.90% |
| Reliance Industries Limited 26/05/2026 | -1.05% |
| Mahindra & Mahindra Limited 26/05/2026 | -1.73% |
| HDFC Bank Limited 26/05/2026 | -1.87% |
| 8.1% Aditya Birla Housing Finance Limited 26-APR-2028** | 0.62% |
| 91 Days Treasury Bill 11-Jun-2026 | 1.23% |
| Canara Bank 14-SEP-2026# | 0.48% |
| EXIM Bank 11-JUN-2026# | 1.47% |
| TREPS 04-MAY-2026 | 5.78% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | GROWW Gold ETF INF666M01OE7 | 13.30% |
| 2 | Net Receivable/Payable | 9.50% |
| 3 | HDFC Bank Limited INE040A01034 | 6.17% |
| 4 | TREPS 04-MAY-2026 INTREP040526 | 5.78% |
| 5 | Reliance Industries Limited INE002A01018 | 4.28% |
| 6 | ICICI Bank Limited INE090A01021 | 3.21% |
| 7 | Mahindra & Mahindra Limited INE101A01026 | 3.03% |
| 8 | NABARD 12-JUN-2026** INE261F14OZ0 | 2.46% |
| 9 | Bharti Airtel Limited INE397D01024 | 2.06% |
| 10 | ICICI Securities Limited 05-JUN-2026** INE763G14C04 | 1.97% |
| 11 | State Bank of India INE062A01020 | 1.91% |
| 12 | Larsen & Toubro Limited INE018A01030 | 1.87% |
| 13 | Bajaj Finance Limited INE296A01032 | 1.75% |
| 14 | Titan Company Limited INE280A01028 | 1.62% |
| 15 | EXIM Bank 11-JUN-2026# INE514E16CM3 | 1.47% |
| 16 | Kotak Mahindra Bank Limited INE237A01036 | 1.37% |
| 17 | NIPPON INDIA MUTUALFUND INF204KC1402 | 1.29% |
| 18 | Infosys Limited INE009A01021 | 1.29% |
| 19 | Canara Bank 03-JUN-2026**# INE476A16F60 | 1.23% |
| 20 | 91 Days Treasury Bill 11-Jun-2026 IN002025X497 | 1.23% |
Sector Allocation