Mumbai: The Groww
Multicap Fund has completed one year since its launch in December 2024,
emerging as a multi-cap category leader, in a year marked by sharp market
swings, uneven earnings recovery and heightened global uncertainty.
Over the one-year
period, headline equity indices delivered modest returns. The Nifty 50 gained
4.83%, while the broader Nifty 500 rose just 0.93%. Performance weakened
further down the market-cap curve, with the Nifty Midcap 100 up 0.45% and the
Nifty Smallcap 250 declining 10.99%. Against this backdrop, the Groww Multicap
Fund outperformed its benchmark, the Nifty 500 Multicap 50-25-25 Index
(+0.29%), delivering 8.01% returns over one year. The fund also led the multicap
category on a year-to-date basis with gains of 8.62%.
The fund’s
first-year coincided with evolving market conditions, including the RBI’s rate
cut cycle, global trade developments such as US tariff announcements and
additional duties on Indian exports, as well as periods of heightened
geopolitical uncertainty. Despite these challenges, the fund consistently
placed in the top quartiles within the multicap category across multiple
observation periods during its inaugural year.
From a portfolio
perspective, the fund is positioned to benefit from select structural themes
within the Indian economy, including premiumisation, capital expenditure and
infrastructure, and financialisation. These themes are reflected through
exposure to automobile companies, capital goods and infrastructure-related
stocks, as well as select banks, insurance companies and non-banking financial
companies.
As it enters its
second year, the Groww Multicap Fund remains focused on identifying
high-quality opportunities across market capitalisations and participating in
India’s long-term growth through a disciplined, valuation-conscious investment
strategy. The scheme is managed by Mr. Anupam Tiwari, along with Mr. Saptarshee
Chatterjee.