Groww Mutual Fund has received the approval from the Securities and Exchange Board of India (SEBI) to introduce India's 1st Nifty Non-Cyclical Consumer Index Fund.

Banking & Finance

Groww Mutual Fund has received the approval from the Securities and Exchange Board of India (SEBI) to introduce India's 1st Nifty Non-Cyclical Consumer Index Fund. The fund will operate as an open-ended scheme, closely mirroring the performance of the Nifty Non-Cyclical Consumer Index-TRI (Total Return Index). By tracking this index, the fund aims to attain long-term capital growth by strategically investing in securities that constitute the Nifty Non-Cyclical Consumer Index (TRI). The minimum investment amount will be Rs500 and in multiples of Re 1 for purchases and of Re 0.01 for switches. For SIP, the minimum amount is Rs1,200 (subject to a minimum of 12 SIP instalments of Rs100 each for monthly instalments and Rs300 for quarterly instalments). The minimum redemption amount for all plans will be Rs500 and in multiples of Re 1.


      The scheme will offer both regular and direct plans along with growth and IDCW options.

      The scheme will invest 95-100% in equities and equity-related securities of companies engaged in or expected to benefit from consumption and consumption-related activities and 0-5% in debt.

     

 

     


Groww Mutual Fund

Established- 2017
HQ- Bengaluru
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