Field experiment was carried out during kharif 2014 at Gandhi Krishi Vignana Kendra, University of Agricultural Sciences, Bengaluru to study the effect of different levels of water soluble and normal fertilizers and methods of fertilizer application on growth and yield of groundnut in red sandy loam soil. The experiment consisted of ten treatments viz., 50, 62.5, 75 and 100 % of RDF through normal fertilizers, water soluble fertilizers (WSF) and combination of both with soil application, fertigation as well as foliar application which were replicated thrice in RCBD. The investigation revealed that drip fertigation of water soluble fertilizers at 50 % RDF along with foliar spray of water soluble fertilizers at 12.5 % RDF recorded significantly higher pod yield (2910 kg ha-1), haulm yield (2843 kg ha-1) and nutrient uptake (110.4, 20.3 and 45.1 kg NPK ha-1, respectively). However it was on par with drip fertigation of normal fertilizers at 50 % RDF + water soluble fertilizers at 50 % RDF. It was also observed that higher net returns ha-1 (` 65,134 ha-1) and B: C ratio (2.20) with drip fertigation of water soluble fertilizers at 50 per cent RDF along with foliar spray of water soluble fertilizers at 12.5 per cent RDF.