Fundalysisby DARKHORSESTOCKS

Scheme

IB21 Groww Nifty Non Cycl Consumer Index Fund

Holds 30 companies worth ₹38.1 Cr in Sept 2026.

  • Fund house

    GROWWThe fund house that runs this scheme.

  • AUM

    ₹38.1 CrIB21 Groww Nifty Non Cycl Consumer Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.2% on Aug 2026, ₹40.6 Cr.

  • Largest holding

    Bharti Airtel LimitedBharti Airtel Limited is 10.1% of this scheme's NAV.

  • Fund manager

    Nikhil SatamRuns it since 21 Feb 2025, as the fund house dates it. With Aakash chauhan (fund manager), Shashi Kumar (fund manager).

Overview(7 Oct 2026)

Fund managers3

  1. Nikhil SatamFund manager, equity · Feb 2025 · 11y · B.Com
  2. Aakash chauhanFund manager, equity · Apr 2025 · 8y · MBA
  3. Shashi KumarFund manager, equity · May 2025 · 18y · PGDM
  1. Abhishek JainMay 2024 – May 2025

Key facts

Benchmark
Nifty Non-Cyclical Consumer Index - TRI
Risk
Very High
Expense
Regular 1.11% · Direct 0.65%
Exit load
1% within 30 days
Started
22 May 2024
Minimum
₹500

Source.Its Scheme Summary Document as of 7 Oct 2026 at AMFI.

What changed(15 changes)

Aug 2026

1 change
  1. Expense ratio
    30 AugRegular 1.09% → 1.1%

Jul 2026

1 change
  1. Expense ratio
    31 JulRegular 1.06% → 1.09%Direct 0.61% → 0.64%

Jun 2026

1 change
  1. Expense ratio
    30 JunRegular 1.07% → 1.06%Direct 0.62% → 0.61%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(May 2024 – now)

  1. Nikhil Satam
  2. Aakash chauhan
  3. Shashi Kumar
  4. Abhishek Jain
MainCoSlice20252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Mar 2025 – Oct 2026)

Every change to the expense ratio, newest first.
7 changesRegularDirectΔ pt
30 Aug 20261.10%0.64%0
31 Jul 20261.09%0.64%0.03
30 Jun 20261.06%0.61%0.01
31 May 20261.07%0.62%0.01
9 May 20261.06%0.61%0.14
9 Mar 20261.07%0.47%0.07
7 Mar 20251.00%0.40%–
Direct plan, 30 Aug 2026
0.64%
Regular plan 1.10% · Exit load 1% within 30 days
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(7 Oct 2026)

Objective

The investment objective of the Scheme is to generate long term capital growth by investing in securities of the Nifty Non-Cyclical Consumer Index (TRI) in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Non-Cyclical Consumer Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
open-ended
Benchmark
Nifty Non-Cyclical Consumer Index - TRI

Asset allocation it may hold% of NAV

  1. Equities & Equity-related securities of companies engaged in or expected to benefit from consumption and consumption-related activities
    Allowed95–100%Holds100.1%
  2. Debt & Money Market Instruments / and Units of debt schemes# / Units of Debt ETFs
    Allowed0–5%

Holds in Sept 2026.100.1% equity

How to invest(7 Oct 2026)

Buying

To start
₹500, then re.1
To add
₹500, then re.1
Most
₹99,99,99,999
Systematic
SIP - Daily, Weekly, Monthly, Quarterly STP - Daily, Weekly, Monthly, Quarterly SWP - Monthly, Quarterly
Dates
SIP - 15th of every month/quarter STP - Daily/Monthly/Quarterly - 2,8,15,23 , Weekly - STPs can be initiated on any day from Monday to Friday, as per investor’s choice.If no day is selected, the default day will be Friday.If the STP date falls on a holiday, the transaction will be processed on the next working day. Monthly - Any date ( 1 to 28),Quarterly - Any date ( 1 to 28) & SWP - In case no date is selected by the investor, the default SWP date will be the 15th of every month.If 15th is a holiday, the SWP will be processed on the next business day.
Minimum
SIP - 100,100,500,500 ; STP-500,500,500,500 ; SWP : 500,1500, then re.1
Instalments
SIP - 180, 24, 12, 4 STP - 6,6,6,6 SWP - 12, 4

Selling and switching

To redeem
₹500 or Re.1 units
Switch minimum
₹500
Switch multiples
Re.1
Switch most
₹99,99,99,999 or 1 units

Scheme details(7 Oct 2026)

What it is

Category
Growth / Equity Oriented Schemes
Offer
2 May 2024 to 16 May 2024
Started
22 May 2024
Reopened
24 May 2024
Plans
Direct Plan - IDCW - Payout · Direct Plan - Growth - Growth · Regular Plan - IDCW - Payout · Regular Plan - Growth - Growth
Face value
₹10
Listed
No

How it is run

Custodian
HDFC Bank Ltd.
Auditor
S.R. Batliboi & Co. LLP
Registrar
KFin Technologies Limited
SEBI code
GROW/O/O/EIN/24/04/0014.