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

NFO period: 24^th July – 07^th 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