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

NFO period: 22^nd July – 02^nd August, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty EV and New Age Automotive 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 EV & New Age Automotive Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty EV & New Age Automotive 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 the Nifty EV & New Age Automotive Index.


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


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


• Fund Managers – Mr. Abhishek Jain


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