Groww Mutual Fund launches Groww Nifty India Railways PSU Index Fund

NFO period: 16^th January – 30^th January, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme tracking the Nifty India Railways PSU Index - TRI


• Investment objective – The investment objective of the scheme is to generate long term capital growth by investing in securities of the Nifty India Railways PSU Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty India Railways PSU 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 Railways PSU 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 & Income Distribution cum Capital Withdrawal (IDCW) Option (Reinvestment of Income Distribution cum Capital Withdrawal Option, Payout of Income Distribution cum Capital Withdrawal Option).


• Fund Managers – Mr. Abhishek Jain


• Benchmark – Nifty India Railways PSU Index - TRI