Groww Multicap Fund vs Groww Small Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Groww Multicap Fund is a Multi Cap fund and Groww Small Cap Fund is a Small Cap fund. Groww Multicap Fund charges 1.04% a year and Groww Small Cap Fund 1.06% (Direct plans). Their portfolios overlap 48.5%: they hold 40 of the same securities.
Which is better, Groww Multicap or Groww Small Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Multicap costs less: 1.04% a year against 1.06% (Direct plans).
- Groww Small Cap fell less in its worst fall since 02-02-2026: −10.8% against −12.0%.
- Groww Multicap holds more in large companies: 27.0% of the fund in large caps against 0.0%.
- Groww Multicap is the larger fund: ₹1,687 Cr against ₹966 Cr.
- Their portfolios overlap 48.5%: 40 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 Multicap Fund | Groww Small Cap Fund |
|---|---|---|
| Fund house | Groww Mutual Fund | Groww Mutual Fund |
| Category | Multi Cap | Small Cap |
| AUM | ₹1,687 Cr (30-09-2026) | ₹966 Cr (30-09-2026) |
| NAV | ₹11.94 (Direct) | ₹12.09 (Direct) |
| Expense ratio (Direct) | 1.04% | 1.06% |
| Expense ratio (Regular) | 2.69% | 2.70% |
| Riskometer | Very High | Low to Moderate |
| Benchmark | NIFTY 500 Multicap 50:25:25 Total Return Index | Nifty Smallcap 250 TRI |
| Launch date | 16-12-2024 | 29-01-2026 |
| Minimum investment | ₹500 | ₹500 |
| Lock in | None | None |
| Fund managers | Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja, Nikhil Satam | Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity) |
| Exit load | 1% if redeemed/ switched out within 1 year from the date of allotment. b) NIL, if redeemed/ switched out after 1 year from the date of allotment | Exit load of 1%, if redeemed within 1 Year. |
Groww Multicap vs Groww Small Cap: 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 Multicap Fund (Direct) | −3.15% | −0.06% | +7.02% | +10.28% | -- | -- | -- |
| Groww Small Cap Fund (Direct) | −6.67% | +0.37% | +10.28% | -- | -- | -- | -- |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | -- | -- | -- |
| Small Cap average | −5.86% | −3.28% | +5.03% | -- | -- | -- | -- |
Category average: the average of the 33 Multi Cap funds and the 36 Small Cap funds, same plan type.
Groww Multicap vs Groww Small Cap: Year-wise Returns
| Year | MulticapGroww Multicap | Small CapGroww Small Cap |
|---|---|---|
| 2026to date | +10.15% | -- |
| 2025 | +9.04% | -- |
Groww Multicap vs Groww Small Cap: Rolling Returns
Every holding period of both funds, against Nifty500 Multicap 50:25:25 TRI, the benchmark of Groww Multicap Fund
Groww Multicap vs Groww Small Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Groww Multicap Fund (Direct) | Groww Small Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.90% | +28.80% |
| Standard deviation | 15.48% | 18.04% |
| Sharpe ratio | 0.28 | 1.31 |
| Sortino ratio | 0.39 | 1.86 |
| Maximum drawdown | −16.5% (03-03-2025) | −10.8% (23-10-2026) |
| Beta | 0.98 | 0.86 |
| Alpha | +11.31% | +17.88% |
From daily NAVs, 18-12-2024 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 Multicap Fund (Direct)
Groww Small Cap Fund (Direct)
Nifty500 Multicap 50:25:25 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Groww Multicap Fund (Direct) | −12.0% | 11-02-2026 | 23-03-2026 | 16-04-2026 | 24 days | −6.5% |
| Groww Small Cap Fund (Direct) | −10.8% | 23-09-2026 | 23-10-2026 | Not yet | -- | −8.6% |
| Nifty500 Multicap 50:25:25 TRI | −13.4% | 11-02-2026 | 30-03-2026 | 18-06-2026 | 3 months | −8.0% |
From daily values since 02-02-2026, the first day every fund has.
Groww Multicap vs Groww Small Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Groww Multicap Fund, September 2026; Groww Small Cap Fund, September 2026
Holdings in common
- Overlap
- 48.5%
- Held by both
- 40
- Only in Groww Multicap
- 41
- Only in Groww Small Cap
- 27
| Security | % of Groww Multicap | % of Groww Small Cap |
|---|---|---|
| Manipal Payment Identity Solutions Ltd | 3.43% | 3.50% |
| TD Power Systems Limited | 3.07% | 3.55% |
| Ujjivan Small Finance Bank Limited | 2.95% | 2.89% |
| OnEMI Technology Solutions Limited | 2.55% | 2.75% |
| Kanohar Electricals Limited | 2.42% | 2.35% |
| Ather Energy Limited | 2.10% | 2.30% |
| APAR INDUSTRIES LTD | 2.28% | 2.04% |
| TENNECO CLEAN AIR INDIA LIMITED | 2.04% | 2.83% |
| Escorts Kubota Limited | 1.96% | 2.29% |
| Yatharth Hospital & Trauma Care Serv Ltd | 1.97% | 1.88% |
| Schaeffler India Ltd | 1.80% | 1.93% |
| Sagility Limited | 1.77% | 1.63% |
| Multi Commodity Exchange of India Ltd. | 2.28% | 1.54% |
| Blue Jet Healthcare Ltd | 1.29% | 1.69% |
| FINE ORGANIC INDUSTRIES LIMITED | 1.26% | 1.92% |
| CRAFTSMAN AUTOMATION LIMITED | 1.24% | 1.59% |
| Dhoot Transmission Limited | 1.26% | 1.14% |
| APL Apollo Tubes Limited | 1.15% | 1.05% |
| Shyam Metalics and Energy Ltd. | 1.03% | 1.19% |
| Navin Fluorine International Limited | 1.03% | 1.38% |
| VENUS PIPES & TUBES LTD | 1.02% | 1.49% |
| Azad Engineering Limited | 0.92% | 1.70% |
| Symbiotec Pharmalab Ltd | 0.93% | 0.91% |
| SBFC Finance Limited | 0.87% | 1.38% |
| Prudent Corporate Advisory Services Ltd | 0.82% | 1.71% |
| Indegene Limited | 0.76% | 2.17% |
| Data Patterns (India) Limited | 0.74% | 1.07% |
| Home First Finance Company India Limited | 0.68% | 1.55% |
| Tamilnad Mercantile Bank Ltd. | 0.60% | 1.88% |
| Aether Industries Limited | 0.57% | 0.70% |
| Action Construction Equipment Ltd | 0.53% | 1.54% |
| Krishna Institute of Medical Science Ltd | 0.53% | 0.88% |
| LEAP India Limited | 0.51% | 0.87% |
| RBL Bank Limited | 0.45% | 0.98% |
| Elecon Engineering Company Limited | 0.43% | 1.01% |
| MphasiS Limited | 0.63% | 0.24% |
| Gaja Alternative AMC Limited | 0.29% | 0.22% |
| Cosmo First Limited | 0.19% | 0.91% |
| Timken India Limited | 0.15% | 0.17% |
| India Nippon Electricals Limited | 0.00% | 0.15% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 48.5% means 48.5% 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 Multicap Fund
| Security | % of fund |
|---|---|
| Hyundai Motor India Limited | 2.72% |
| Bharti Airtel Limited | 2.66% |
| Ashok Leyland Limited | 2.49% |
| Mahindra & Mahindra Limited | 2.34% |
| Eicher Motors Limited | 2.00% |
Largest holdings only in Groww Small Cap Fund
| Security | % of fund |
|---|---|
| SS Retail Limited | 1.80% |
| Sharda Motor Industries Limited | 1.67% |
| Galaxy Surfactants Limited | 1.46% |
| CEAT Limited | 1.45% |
| City Union Bank Limited | 1.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Groww Multicap | Groww Small Cap |
|---|---|---|
| Equity | 96.0% | 87.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.0% | 12.4% |
Market cap of stocks
| Market cap | Groww Multicap | Groww Small Cap |
|---|---|---|
| Large Cap | 27.0% | 0.0% |
| Mid Cap | 26.9% | 10.5% |
| Small Cap | 29.8% | 61.5% |
| Not on AMFI's list | 12.3% | 15.6% |
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 Multicap | Groww Small Cap |
|---|---|---|
| Auto Components | 10.0% | 14.9% |
| Electrical Equipment | 10.6% | 10.7% |
| Automobiles | 10.1% | 2.3% |
| Finance | 9.3% | 7.2% |
| Banks | 6.1% | 8.3% |
| Industrial Products | 4.9% | 7.0% |
| Healthcare Services | 3.3% | 6.4% |
| Capital Markets | 6.1% | 4.9% |
The six largest sectors of each fund's stocks, % of the fund.
Groww Multicap vs Groww Small Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Groww Multicap Fund | Groww Small Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.04% | 1.06% |
| Base expense ratio (Direct) | 0.33% | 0.48% |
| Total expense ratio (Regular) | 2.69% | 2.70% |
| Base expense ratio (Regular) | 1.78% | 1.93% |
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 Multicap with
Groww Multicap Fund vs Groww Small Cap Fund: Frequently Asked Questions
What is the difference between Groww Multicap Fund and Groww Small Cap Fund?
Groww Multicap Fund is a Multi Cap fund, Groww Small Cap Fund is a Small Cap fund, run by Groww Mutual Fund. Their portfolios overlap 48.5%. Groww Multicap Fund charges 1.04% a year and Groww Small Cap Fund 1.06%.
Which has the lower expense ratio, Groww Multicap Fund or Groww Small Cap Fund?
Groww Multicap Fund charges less: 1.04% a year against 1.06%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Groww Multicap Fund and Groww Small Cap Fund overlap?
48.5%. They hold 40 of the same securities, the largest shared ones being Manipal Payment Identity Solutions Ltd, TDPOWERSYS, UJJIVANSFB. From each fund's latest monthly portfolio.
Which is riskier, Groww Multicap Fund or Groww Small Cap Fund?
On SEBI's riskometer, Groww Multicap Fund is rated Very High and Groww Small Cap Fund Low to Moderate. Over their common history, the standard deviation of daily returns was 15.48% and 18.04% a year.
Can I invest in both Groww Multicap Fund and Groww Small Cap Fund?
Yes. 48.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Groww Multicap Fund and Groww Small Cap Fund?
Groww Multicap Fund: Anupam Tiwari, Saptarshee Chatterjee, Gagan Thareja, Nikhil Satam. Groww Small Cap Fund: Anupam Tiwari, Gagan Thareja, Fund Manager), Saptarshee Chatterjee, Nikhil Satam, amp, Dealer - Equity).
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.