The present research evaluated the effects of graded levels of dietary fibre on growth, digestive and absorptive capacities, and the potential underlying mechanisms in on‐growing grass carp (Ctenopharyngodon idella). Grass carp (123.00 ± 0.70 g) were fed diets with graded levels of neutral detergent fibre (NDF: 97.8, 119.0, 140.2, 159.4, 181.2 and 201.6 g/kg diet) for 60 days. Besides, a 2‐week digestion experiment was conducted to explore the effect of dietary fibre on the apparent digestibility coefficients (ADC) of feed. The results showed that optimum dietary fibre level (140.2 or 159.4 g/kg diet) increased feed intake, per cent weight gain, specific growth rate and the ADC of dietary protein (p < .05); increased the activities of digestive and brush border enzyme; and up‐regulated intestinal amino acid transporter mRNA levels (SLC1A5 and SLC6A19b, p < .05) partially associated with activation of TOR signalling pathway. However, high dietary fibre levels (NDF levels ≥181.2 g/kg diet) were not conducive to the digestion and absorption of nutrients, resulting in the decline of growth performance. Thus, based on the quadratic regression analysis for per cent weight gain and feed efficiency, the optimum (143.9 and 134.5 g/kg diet) and maximum tolerance (189.8 and 171.2 g/kg diet) levels of dietary NDF were estimated for on‐growing grass carp.