NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹10.12
0.04%
NAV as on 16 Feb 26, 12:00 AM
low to moderate risk
money market fund
debt
NAV as on 16 Feb 26, 12:00 AM
low to moderate risk
money market fund
debt
0.00%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
1.19%p.a.
Since Inception
About Groww Money Market Fund -Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Groww Money Market Fund -Growth scheme from Groww Asset Management Limited. It is a Money Market Fund mutual fund scheme that predominantly invests in Money Market Fund stocks of companies. Launched on Nov 2025, Groww Money Market Fund -Growth is Money Market Fund fund of its category with 17.59 Cr fund under management as on Feb 2026. The expense ratio of this fund is less than that of most other Fund category Money Market Fund funds.
- Groww Money Market Fund -Growth delivered 0.0% annual returns during the last year. It has delivered 1.2% average annual returns since the fund was launched.
- Groww Money Market Fund -Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund Objective
The scheme seeks to generate regular income through investment in a portfolio comprising of money market instruments.
Top 10 Holdings
Net Receivables
0.26%
Others CBLO
8.81%
KOTAK MAHINDRA BANK LIMITED CD 18FEB26
11.34%
EXPORT IMPORT BANK OF INDIA CD 04MAR26
5.19%
PUNJAB NATIONAL BANK CD 18MAR26
4.34%
UNION BANK OF INDIA CD 25JUN26
15.16%
AXIS BANK LIMITED CD 10AUG26
11.75%
HDFC BANK LIMITED CD 11SEP26
11.68%
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA CD 06NOV26
17.10%
BANK OF BARODA CD 03JUN26
18.08%
Fund Managers
- Kaustubh Sule (Nov 2025 - Present)
Key Information
View Scheme Document
Groww Money Market Fund -Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Groww Money Market Fund -Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Groww Money Market Fund -Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Groww Money Market Fund -Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Frequently Asked Questions
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