Skip to main content
Loading...

Groww Mutual Fund launches Groww Nifty EV And New Age Automotive ETF FOF

NFO period: 24th July ? 07th August, 2024

Highlights of the NFO:

  • Scheme type ? An open-ended fund of fund scheme investing in units of Groww Nifty EV & New Age Automotive ETF

  • Investment objective ? The investment objective of the scheme is to generate long term capital gains by investing in units of the Groww Nifty EV & New Age Automotive ETF. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

  • Product suitability ? This product is suitable for investors who are seeking by investing predominantly in units of Groww Nifty EV & New Age Automotive ETF long-term capital appreciation.

  • Minimum Application Amount ? First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available ? Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option. The IDCW Option shall have only Reinvestment of IDCW and Payout of IDCW Option.

  • Fund Managers ? Mr. Abhishek Jain

  • Benchmark ? Nifty EV and New Age Automotive Index - Total Return Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)