This study aimed to investigate the effects of colostrum dry matter (DM), fat, solids-non-fat (SNF), protein, and lactose contents as well as colostrum and calf’s serum immunoglobulin (IgG, IgA, IgM), IGF-1, and lactoferrin concentrations on the morbidity, viability and growth performance of Anatolian buffalo calves during growth phase (0–6 mo). A total of 86 female and male calves, along with data from the dams of these calves, were utilized in the present study. Colostrum (at first milking) and calf serum samples (at 24–48 h and 28 d after birth) were analyzed with a milk analyzer and ELISA. Calves with high circulating concentrations of IgG at 24–48 h and IGF-1 and lactoferrin at 28 d during neonatal period (0–30 d and 31–60 d) had lower incidences of diarrhea than those with low concentrations. Calves with high circulating (at 24–48 h) concentrations of all Ig’s had higher viability at the 0–6 mo. Calves fed with colostrum with high DM, fat, SNF, protein, IgG, IGF-1 and lactoferrin content improved growth at different phases of the 0–6 mo, regardless of the volume of colostrum delivered. Consequently, variations in the concentration of some bioactive substances in colostrum and circulation can affect growth, disease and viability.