Groww Mutual Fund launches Groww Nifty Non-Cyclical Consumer Index Fund

NFO period: 02^nd May – 16^th May, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme tracking Nifty Non-Cyclical Consumer Index - Total Return Index


• Investment objective – The investment objective of the scheme is to generate long term capital growth by investing in securities of the Nifty Non-Cyclical Consumer Index (TRI) in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Non-Cyclical Consumer Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long-term capital appreciation by investing in equity and equity related instruments of Nifty Non-Cyclical Consumer Index.


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


• Plan/ Options available – Regular Plan and Direct Plan having Growth option, Payout of Income Distribution cum capital withdrawal (IDCW) option and Reinvestment of Income Distribution cum capital withdrawal (IDCW) option.


• Fund Managers – Mr. Abhishek Jain


• Benchmark – Nifty Non-Cyclical Consumer Index (Total Return Index). The performance of Groww Non-Cyclical Consumer Index Fund is benchmarked against the Nifty Non-Cyclical Consumer Index (Total Return Index)