Fundalysisby DARKHORSESTOCKS

Scheme

IB54 Groww Nifty Midcap 150 Index Fund

Holds 150 companies worth ₹14.8 Cr in Sept 2026.

  • Fund house

    GROWWThe fund house that runs this scheme.

  • AUM

    ₹14.8 CrIB54 Groww Nifty Midcap 150 Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.8% on Aug 2026, ₹15.6 Cr.

  • Largest holding

    Multi Commodity Exchange of India LimitedMulti Commodity Exchange of India Limited is 2.1% of this scheme's NAV.

  • Fund manager

    Nikhil SatamRuns its co-manager part since 3 Mar 2025, as the fund house dates it. With Aakash chauhan (co-manager), Shashi Kumar (co-manager).

Overview(7 Oct 2026)

Fund managers3

  1. Nikhil SatamCo-manager · Mar 2025 · 11y · B.Com
  2. Aakash chauhanCo-manager · Apr 2025 · 8y · MBA
  3. Shashi KumarCo-manager · May 2025 · 18y · PGDM

    Key facts

    Benchmark
    Nifty Midcap 150 Index TRI
    Risk
    Very High
    Expense
    Regular 1.18% · Direct 0.54%
    Exit load
    Nil
    Started
    13 Nov 2025
    Minimum
    ₹500

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

    What changed(5 changes)

    Jul 2026

    1 change
    1. Expense ratio
      31 JulRegular 1.1% → 1.13%Direct 0.46% → 0.49%

    May 2026

    2 changes
    1. Category
      31 MayIndex Fund → Growth / Equity Oriented Schemes
    2. Expense ratio
      9 MayRegular 1% → 1.1%Direct 0.34% → 0.46%

    Apr 2026

    1 change
    1. Category
      8 AprGrowth / Equity Oriented Schemes → Index Fund

    Source.Its filings at NSE, since Nov 2025.

    Fund managers over time(Nov 2025 – now)

    1. Nikhil Satam
    2. Aakash chauhan
    3. Shashi Kumar
    MainCoSlice2026
    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(Jan 2026 – Oct 2026)

    Every change to the expense ratio, newest first.
    3 changesRegularDirectΔ pt
    31 Jul 20261.13%0.49%0.03
    9 May 20261.10%0.46%0.12
    8 Jan 20261.00%0.34%–
    Direct plan, 31 Jul 2026
    0.49%
    Regular plan 1.13% · Exit load nil
    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 Midcap 150 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Midcap 150 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 Midcap 150 Index TRI

    Asset allocation it may hold% of NAV

    1. Constituents of Nifty Next 50 Index
      Allowed95–100%
    2. Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic Mutual Funds
      Allowed0–5%Holds0.0%

    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
    Any Amount
    Systematic
    SIP - Daily, Weekly, Monthly, Quarterly STP - Daily, Weekly, Monthly, Quarterly SWP - Monthly, Quarterly
    Dates
    SIP - Daily- Every Business Day/ Weekly-1st, 8th, 15th, & 22nd/Monthly & Quarterly-Any day between 1st to 28th STP - Every Business Day/Monday to Friday/Monthly & Quarterly-2,8,15,23 SWP - 2,8,15,23
    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
    Any Amount

    Scheme details(7 Oct 2026)

    What it is

    Category
    Growth / Equity Oriented Schemes
    Offer
    28 Oct 2025 to 11 Nov 2025
    Started
    13 Nov 2025
    Reopened
    17 Nov 2025
    Plans
    DIRECT PLAN-GROWTH OPTION · DIRECT PLAN-IDCW PAYOUT OPTION · DIRECT PLAN-IDCW REINVESTMENT OPTION · REGULAR PLAN-GROWTH OPTION · REGULAR PLAN-IDCW PAYOUT OPTION · REGULAR PLAN-IDCW REINVESTMENT OPTION
    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/25/07/0047