Groww Mutual Fund sees 6x surge in AUM post acquiring Indiabulls Asset Management Company

Groww Mutual Fund, the AMC arm of the IPO-bound Groww has seen a significant rise in its assets under management ( AUM) touching nearly Rs 2,000 crore as of May 2025.

It registered a sixfold jump from the Rs 342 crore it managed when it acquired Indiabulls Asset Management Company in May 2023, according to the company's statutory disclosure, according to a press release by the fund house.

The sharp rise in AUM signifies Groww Mutual Fund’s steady foray into asset management, even as its parent company Groww (Billionbrains Garage Ventures) prepares for an initial public offering ( IPO).

Also Read | Consistent performers: 10 equity mutual funds deliver over 30% CAGR in 3 and 5-year periods

The company had filed confidential papers with SEBI last month and is reportedly aiming for a valuation worth of $7 billion, backed by a recent $200 million round from Iconiq Capital and GIC, the release said.

Groww reported a strong growth in earnings in FY25, with profit rising threefold year-on-year to Rs 1,819 crore. Revenues touched Rs 4,056 crore, up 31% YoY, despite industry-wide pressures such as reduced exchange rebates and evolving tax norms for brokers.

Groww Mutual Fund - operated under Groww, and formerly Indiabulls AMC - offers a limited but focused suite of active and passive funds. With funds spanning across equity, hybrid, debt, and thematic categories, popular schemes include the Groww Nifty EV & New Age Automatic Index fund, Groww Total Market Index Fund, Groww Value Fund, Groww ELSS Tax Saver Fund, Groww Large Cap Fund, etc.

Also Read | Best corporate bond mutual funds to invest in June 2025

The company recently announced the acquisition of wealth management platform Fisdom in a $150 million all-cash deal, signalling its ambition to deepen presence across the personal finance lifecycle - from SIPs and discount stock broking to advisory-led wealth management.

(Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and twitter handle.