How Groww SIPs work
Groww is a SEBI-registered Mutual Fund Distributor that routes your SIP instructions to the relevant AMC. When you start a SIP on Groww, it sets up an ECS/NACH mandate with your bank, and on each SIP date Groww sends a purchase order to the AMC at that day’s NAV. The underlying SEBI standard formula — FV = P × ((1+r)^n − 1)/r × (1+r) — applies identically across all platforms and AMCs. This calculator uses that formula; the “Groww” framing exists purely for search context.
What return rate is reasonable?
| Fund type | Historical 10-yr CAGR | Assumption for projection |
|---|---|---|
| Large-cap equity | 11–13% | 10–12% |
| Mid/small-cap equity | 13–17% | 12–14% |
| Hybrid (balanced) | 9–11% | 8–10% |
| Debt | 6–8% | 6–7% |
| ELSS (tax-saver) | 11–14% | 10–12% |
These are educational ranges. Past performance is not indicative of future returns. BachatCalculator does not recommend specific funds.
Tax treatment
- ELSS SIPs count toward §80C up to ₹1.5L per FY (3-yr lock-in per instalment). Use our §80C calculator to quantify your deduction.
- Equity MF redemptions post-1-yr holding: LTCG at 12.5% (post-23-Jul-2024) on gains above ₹1L per FY.
- Equity MF redemptions within 1yr: STCG at 20% (post-23-Jul-2024). See our LTCG equity calculator.
Start your Groww SIP
Bridges
- SIP calculator (head) — universal SIP projection tool
- SIP Calculator — HDFC — HDFC Mutual Fund framing
- SIP Calculator — Zerodha — Zerodha Coin framing
- Step-up SIP calculator — annual contribution increase
- Section 80C calculator — ELSS tax deduction