Groww Mutual Fund launches Groww Nifty India Defence ETF

NFO period: 23^rd September – 04^th October, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/tracking Nifty India Defence IndexTotal Return Index


• Investment objective – The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty India Defence in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty India Defence 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 – This product is suitable for investors who are seeking long-term capital appreciation by investing in equity and equity related instruments of the Nifty India Defence Index.


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


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


• Fund Managers – Mr. Abhishek Jain


• Benchmark – Nifty India Defence Index TRI