Groww Dynamic Term Fund vs Shriram Money Market Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Dynamic Term Fund is a Dynamic Bond fund and Shriram Money Market Fund is a Money Market fund. Groww Dynamic Term Fund charges 0.45% a year and Shriram Money Market Fund 0.12% (Direct plans). Their portfolios overlap 11.7%: they hold 2 of the same securities.
Which is better, Groww Dynamic Term or Shriram Money Market? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Shriram Money Market costs less: 0.12% a year against 0.45% (Direct plans).
- Shriram Money Market fell less in its worst fall since 28-01-2026: −0.2% against −0.7%.
- Shriram Money Market is the larger fund: ₹78 Cr against ₹25 Cr.
- Their portfolios overlap 11.7%: 2 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Groww Dynamic Term Fund | Shriram Money Market Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Shriram Mutual Fund |
| Category | Dynamic Bond | Money Market |
| AUM | ₹25 Cr (30-09-2026) | ₹78 Cr (30-09-2026) |
| NAV | ₹1,578.44 (Direct) | ₹1,048.23 (Direct) |
| Expense ratio (Direct) | 0.45% | 0.12% |
| Expense ratio (Regular) | 1.36% | 0.35% |
| Riskometer | Moderate | Low to Moderate |
| Benchmark | CRISIL Dynamic Bond A-III Index | NIFTY Money Market Index A-I |
| Launch date | 06-12-2018 | 27-01-2026 |
| Minimum investment | ₹500 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Kaustubh Sule, Wilfred Gonsalves | Amit Modani |
| Exit load | Nil | NIL |
Groww Dynamic Term vs Shriram Money Market: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Groww Dynamic Term Fund (Direct) | −0.19% | +0.31% | +1.95% | +2.92% | +5.72% | +5.04% | -- |
| Shriram Money Market Fund (Direct) | +0.31% | +1.41% | +3.11% | -- | -- | -- | -- |
| Dynamic Bond average | −0.48% | −0.66% | +1.80% | +3.05% | +6.70% | +5.98% | -- |
| Money Market average | +0.33% | +1.49% | +3.29% | -- | -- | -- | -- |
Category average: the average of the 22 Dynamic Bond funds and the 27 Money Market funds, same plan type.
Groww Dynamic Term vs Shriram Money Market: Year-wise Returns
| Year | Groww Dynamic TermGroww Dynamic Term | Shriram Money MarketShriram Money Market |
|---|---|---|
| 2026to date | +2.32% | -- |
| 2025 | +4.87% | -- |
| 2024 | +7.91% | -- |
| 2023 | +6.25% | -- |
| 2022 | +3.24% | -- |
| 2021 | +4.07% | -- |
Groww Dynamic Term vs Shriram Money Market: Rolling Returns
Every holding period of both funds
Groww Dynamic Term vs Shriram Money Market: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Dynamic Term Fund (Direct) | Shriram Money Market Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.94% | +6.30% |
| Standard deviation | 1.82% | 0.55% |
| Sharpe ratio | 0.39 | 1.98 |
| Sortino ratio | 0.57 | 3.13 |
| Maximum drawdown | −2.3% (26-08-2025) | −0.2% (22-05-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 06-12-2018 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Groww Dynamic Term Fund (Direct)
Shriram Money Market Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Dynamic Term Fund (Direct) | −0.7% | 06-05-2026 | 18-05-2026 | 09-06-2026 | 22 days | −0.4% |
| Shriram Money Market Fund (Direct) | −0.2% | 11-05-2026 | 22-05-2026 | 01-06-2026 | 10 days | 0.0% |
From daily values since 28-01-2026, the first day every fund has.
Groww Dynamic Term vs Shriram Money Market: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Dynamic Term Fund, September 2026; Shriram Money Market Fund, September 2026
Holdings in common
- Overlap
- 11.7%
- Held by both
- 2
- Only in Groww Dynamic Term
- 8
- Only in Shriram Money Market
- 8
| Security | % of Groww Dynamic Term | % of Shriram Money Market |
|---|---|---|
| NABARD 18-MAR-2027 | 11.41% | 12.38% |
| Corporate Debt Market Development Fund Class A2 | 0.88% | 0.31% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 11.7% means 11.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Groww Dynamic Term Fund
| Security | % of fund |
|---|---|
| 7.71% GOI 18-May-2066 | 29.45% |
| SIDBI 18-FEB-2027 | 11.09% |
| Indian Bank 22-JAN-2027 | 10.77% |
| 7.725% Larsen & Toubro Limited 28-APR-2028 | 3.93% |
| 7.35% EXIM Bank 27-JUL-2028 | 3.91% |
Largest holdings only in Shriram Money Market Fund
| Security | % of fund |
|---|---|
| HDFC BANK CD RED 24-02-2027 | 12.45% |
| KOTAK SECURITIES LTD CP RED 23-02-2027 | 12.42% |
| EXIM BANK CP RED 12-03-27 | 12.41% |
| BANK OF BARODA CD RED 12-02-27 | 11.23% |
| UNION BANK OF INDIA CD RED 22-02-2027 | 11.21% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Dynamic Term | Shriram Money Market |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 75.6% | 90.8% |
| Cash and others | 24.4% | 9.2% |
Groww Dynamic Term vs Shriram Money Market: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Dynamic Term Fund | Shriram Money Market Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.45% | 0.12% |
| Base expense ratio (Direct) | 0.37% | 0.09% |
| Total expense ratio (Regular) | 1.36% | 0.35% |
| Base expense ratio (Regular) | 1.17% | 0.28% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Groww Dynamic Term with
Groww Dynamic Term Fund vs Shriram Money Market Fund: Frequently Asked Questions
What is the difference between Groww Dynamic Term Fund and Shriram Money Market Fund?
Groww Dynamic Term Fund is a Dynamic Bond fund, Shriram Money Market Fund is a Money Market fund, run by Groww Mutual Fund and Shriram Mutual Fund. Their portfolios overlap 11.7%. Groww Dynamic Term Fund charges 0.45% a year and Shriram Money Market Fund 0.12%.
Which has the lower expense ratio, Groww Dynamic Term Fund or Shriram Money Market Fund?
Shriram Money Market Fund charges less: 0.12% a year against 0.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Dynamic Term Fund and Shriram Money Market Fund overlap?
11.7%. They hold 2 of the same securities, the largest shared ones being NABARD 18-MAR-2027, Corporate Debt Market Development Fund Class A2. From each fund's latest monthly portfolio.
Which is riskier, Groww Dynamic Term Fund or Shriram Money Market Fund?
On SEBI's riskometer, Groww Dynamic Term Fund is rated Moderate and Shriram Money Market Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 1.82% and 0.55% a year.
Can I invest in both Groww Dynamic Term Fund and Shriram Money Market Fund?
Yes. 11.7% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Dynamic Term Fund and Shriram Money Market Fund?
Groww Dynamic Term Fund: Kaustubh Sule, Wilfred Gonsalves. Shriram Money Market Fund: Amit Modani.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.