Groww Mutual Fund launches Groww Nifty Smallcap 250 Index Fund

NFO period: 09^th February – 23^rd February, 2024

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/ tracking Nifty Smallcap 250 Total Return Index


• Investment objective – The scheme seeks investment return that corresponds to the performance of Nifty Smallcap 250 Total Return Index subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.


• Product suitability – The product is suitable for investors who are seeking looking for return that corresponds to the performance of Nifty Smallcap 250 Total Return Index subject to tracking error seeking long term capital growth.


• 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 Smallcap 250 Index (Total Return Index) The performance of Groww Nifty Smallcap 250 Index Fund is benchmarked against the Nifty Smallcap 250 Index (Total Return Index)