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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Primary | ₹10.1912 | +0.45% | — | — | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
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
Frequently Asked Questions
How many stocks does Groww Multi Asset Allocation Fund hold?
Groww Multi Asset Allocation Fund holds 88 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 29.98% of NAV.
What is the largest holding in Groww Multi Asset Allocation Fund?
The largest position in Groww Multi Asset Allocation Fund is GROWW Gold ETF, accounting for 13.30% of NAV.
Is Groww Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.487, Groww Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 31,959 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 29.98% of the portfolio.
What is the market cap allocation of Groww Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Groww Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 46.44%, Mid Cap: 16.51%, Small Cap: 0.49%. This reflects the fund's positioning within the market cap spectrum.
How actively managed is Groww Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Groww Multi Asset Allocation Fund has an Active Share of 58.01%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Groww Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Groww Multi Asset Allocation Fund added 25 new stocks (including Cipla Limited) and exited 15 stocks (including Kotak Mahindra Bank Limited 28/04/2026). Total holding count increased from 92 to 102 stocks.