Groww Mutual Fund has announced changes in the fund management responsibilities of several schemes with effect from September 30, 2026. According to the announcement, the changes affect multiple equity-focused schemes within the fund house's portfolio.
The changes will impact five schemes within Groww Mutual Fund's portfolio. As reported by the fund house, the affected schemes include the Groww Banking & Financial Services Fund, Groww Large Cap Fund, Groww Multicap Fund, Groww Small Cap Fund, and Groww Value Fund. All these schemes are equity-oriented funds.
The existing fund management teams for these schemes currently include Nikhil Satam, Saptarshee Chatterjee, and Anupam Tiwari as equity fund managers. According to the announcement, the new management structure will retain Hitesh Das as the additional fund manager alongside the existing team members. This change will affect all five schemes uniformly, maintaining continuity in the fund management approach while adding Hitesh Das to the existing team.
Separately, Groww Silver ETF has shown strong performance with its latest declared NAV of ₹21.5262 as of September 30, 2026. The commodities mutual fund scheme, launched on May 21, 2025, is currently managed by Wilfred Peter Gonsalves and Ameya Sakpal with an expense ratio of 0.45%. The fund has achieved an annualised return of --% over the past five years and maintains an overall AUM of ₹331 crore. The scheme allows minimum investments of ₹500 for lump sum and ₹-- for SIP options.
