Groww Gold ETF FOF vs Groww Multi Asset Allocation Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Gold ETF FOF is a Fund of Funds fund and Groww Multi Asset Allocation Fund is a Multi Asset fund. In the year to 30-10-2026, Groww Gold ETF FOF (Direct) returned 14.8% and Groww Multi Asset Allocation Fund (Direct) returned −0.8%. Groww Gold ETF FOF charges 0.14% a year and Groww Multi Asset Allocation Fund 1.01% (Direct plans). Their portfolios overlap 13.6%: they hold 1 of the same security.
Groww Multi Asset Allocation Fund
Multi Asset
- 1 year return
- −0.8%
- Expense ratio
- 1.01%
- NAV
- ₹10.01
Which is better, Groww Gold ETF FOF or Groww Multi Asset Allocation? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Gold ETF FOF returned more over 1 year: 14.8% against −0.8%.
- Groww Gold ETF FOF costs less: 0.14% a year against 1.01% (Direct plans).
- Groww Multi Asset Allocation fell less in its worst fall since 03-10-2025: −12.4% against −24.9%.
- Groww Multi Asset Allocation is the larger fund: ₹373 Cr against ₹131 Cr.
- Their portfolios overlap 13.6%: 1 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 Gold ETF FOF | Groww Multi Asset Allocation Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Groww Mutual Fund |
| Category | Fund of Funds | Multi Asset |
| AUM | ₹131 Cr (30-09-2026) | ₹373 Cr (30-09-2026) |
| NAV | ₹17.09 (Direct) | ₹10.01 (Direct) |
| Expense ratio (Direct) | 0.14% | 1.01% |
| Expense ratio (Regular) | 0.37% | 2.66% |
| Riskometer | Very High | Very High |
| Benchmark | Gold Index | 60% Nifty 500 TRI + 30% CRISIL Composite Bond Fund Index + 5% Domestic Gold Prices + 5% Domestic Silver Prices |
| Launch date | 06-11-2024 | 30-09-2025 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Wilfred Gonsalves, amp, Dealer Fixed Income), Ameya Sakpal | Paras Matalia, Kaustubh Sule, Nikhil Satam, Wilfred Gonsalves |
| Exit load | Nil | Exit load of 1%, if redeemed within 30 days. |
Groww Gold ETF FOF vs Groww Multi Asset Allocation: 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 Gold ETF FOF (Direct) | −4.96% | −1.92% | −6.68% | +14.76% | -- | -- | -- |
| Groww Multi Asset Allocation Fund (Direct) | −0.33% | −2.86% | −1.62% | −0.80% | -- | -- | -- |
| Multi Asset average | −1.71% | −3.33% | −1.78% | +2.00% | -- | -- | -- |
Category average: the average of the 37 Multi Asset funds, same plan type.
Groww Gold ETF FOF vs Groww Multi Asset Allocation: Year-wise Returns
| Year | Gold ETF FOFGroww Gold ETF FOF | Multi Asset AllocationGroww Multi Asset Allocation |
|---|---|---|
| 2026to date | +4.01% | −3.73% |
| 2025 | +69.80% | -- |
Groww Gold ETF FOF vs Groww Multi Asset Allocation: Rolling Returns
Every holding period of both funds
Groww Gold ETF FOF vs Groww Multi Asset Allocation: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-10-2025 to 30-10-2026: 13 instalments, ₹1,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Groww Gold ETF FOFGroww Gold ETF FOF (Direct) | ₹1,30,000 | ₹1,28,491 | −₹1,509 | −2.0% |
| Groww Multi Asset AllocationGroww Multi Asset Allocation Fund (Direct) | ₹1,30,000 | ₹1,27,503 | −₹2,497 | −3.3% |
Groww Gold ETF FOFGroww Gold ETF FOF (Direct)
Groww Multi Asset AllocationGroww Multi Asset Allocation Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Groww Gold ETF FOF vs Groww Multi Asset Allocation: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Gold ETF FOF (Direct) | Groww Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.76% | −0.80% |
| Standard deviation | 30.68% | 12.23% |
| Sharpe ratio | 0.31 | -0.49 |
| Sortino ratio | 0.42 | -0.65 |
| Maximum drawdown | −24.9% (23-03-2026) | −12.4% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 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.
| Measure | Groww Gold ETF FOF (Direct) | Groww Multi Asset Allocation Fund (Direct) |
|---|---|---|
| Return (CAGR) | +32.20% | −0.08% |
| Standard deviation | 24.64% | 11.85% |
| Sharpe ratio | 1.08 | -0.45 |
| Sortino ratio | 1.51 | -0.60 |
| Maximum drawdown | −24.9% (23-03-2026) | −12.4% (23-03-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 08-11-2024 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 Gold ETF FOF (Direct)
Groww Multi Asset Allocation Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Gold ETF FOF (Direct) | −24.9% | 29-01-2026 | 23-03-2026 | Not yet | -- | −21.9% |
| Groww Multi Asset Allocation Fund (Direct) | −12.4% | 29-01-2026 | 23-03-2026 | Not yet | -- | −7.8% |
From daily values since 03-10-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Groww Gold ETF FOF (Direct)
Groww Multi Asset Allocation Fund (Direct)
Groww Gold ETF FOF vs Groww Multi Asset Allocation: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Gold ETF FOF, September 2026; Groww Multi Asset Allocation Fund, September 2026
Holdings in common
- Overlap
- 13.6%
- Held by both
- 1
- Only in Groww Gold ETF FOF
- 0
- Only in Groww Multi Asset Allocation
- 79
| Security | % of Groww Gold ETF FOF | % of Groww Multi Asset Allocation |
|---|---|---|
| GROWW Gold ETF | 99.50% | 13.64% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 13.6% means 13.6% 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 Gold ETF FOF
Every holding of this fund is also held by the other.
Largest holdings only in Groww Multi Asset Allocation Fund
| Security | % of fund |
|---|---|
| SIDBI 16-DEC-2026 | 3.97% |
| HDFC Bank Limited | 3.95% |
| ICICI Bank Limited | 3.81% |
| Kotak Mahindra Bank Limited 18-DEC-2026 | 3.18% |
| Reliance Industries Limited | 2.91% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Gold ETF FOF | Groww Multi Asset Allocation |
|---|---|---|
| Equity | 0.0% | 66.2% |
| Debt | 0.0% | 9.9% |
| Cash and others | 100.0% | 23.9% |
Market cap of stocks
| Market cap | Groww Gold ETF FOF | Groww Multi Asset Allocation |
|---|---|---|
| Large Cap | -- | 43.0% |
| Mid Cap | -- | 20.8% |
| Small Cap | -- | 2.4% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Groww Gold ETF FOF | Groww Multi Asset Allocation |
|---|---|---|
| Banks | 0.0% | 17.3% |
| Automobiles | 0.0% | 6.3% |
| Pharmaceuticals & Biotechnology | 0.0% | 4.7% |
| Petroleum Products | 0.0% | 2.9% |
| IT - Software | 0.0% | 2.6% |
| Finance | 0.0% | 2.5% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Gold ETF FOF vs Groww Multi Asset Allocation: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Gold ETF FOF | Groww Multi Asset Allocation Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.14% | 1.01% |
| Base expense ratio (Direct) | 0.10% | 0.55% |
| Total expense ratio (Regular) | 0.37% | 2.66% |
| Base expense ratio (Regular) | 0.30% | 2.02% |
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
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Groww Gold ETF FOF vs Groww Multi Asset Allocation Fund: Frequently Asked Questions
What is the difference between Groww Gold ETF FOF and Groww Multi Asset Allocation Fund?
Groww Gold ETF FOF is a Fund of Funds fund, Groww Multi Asset Allocation Fund is a Multi Asset fund, run by Groww Mutual Fund. Their portfolios overlap 13.6%. Groww Gold ETF FOF charges 0.14% a year and Groww Multi Asset Allocation Fund 1.01%.
Which has given higher returns, Groww Gold ETF FOF or Groww Multi Asset Allocation Fund?
Over 1 year: Groww Gold ETF FOF +14.76%, Groww Multi Asset Allocation Fund −0.80%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Groww Gold ETF FOF or Groww Multi Asset Allocation Fund?
Groww Gold ETF FOF charges less: 0.14% a year against 1.01%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Gold ETF FOF and Groww Multi Asset Allocation Fund overlap?
13.6%. They hold 1 of the same securities, the largest shared ones being GROWWGOLD. From each fund's latest monthly portfolio.
Which is riskier, Groww Gold ETF FOF or Groww Multi Asset Allocation Fund?
On SEBI's riskometer, Groww Gold ETF FOF is rated Very High and Groww Multi Asset Allocation Fund Very High. Over 1 years, the standard deviation of daily returns was 30.68% and 12.23% a year.
Can I invest in both Groww Gold ETF FOF and Groww Multi Asset Allocation Fund?
Yes. 13.6% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Groww Gold ETF FOF and Groww Multi Asset Allocation Fund?
Groww Gold ETF FOF: Wilfred Gonsalves, amp, Dealer Fixed Income), Ameya Sakpal. Groww Multi Asset Allocation Fund: Paras Matalia, Kaustubh Sule, Nikhil Satam, Wilfred Gonsalves.
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.