Groww Mutual Fund launches Groww Nifty India Defence ETF FOF

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

Highlights of the NFO:

• Scheme type – An open-ended fund of fund scheme investing in units of Groww Nifty India Defence ETF


• Investment objective – The investment objective of the scheme is to generate long term capital gains by investing in units of the Groww Nifty India Defence 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 India Defence ETF Long-term capital appreciation exposure to Defence companies.


• 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 (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).


• Fund Managers – Mr. Abhishek Jain


• Benchmark – Nifty India Defence Index - Total Return Index