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Groww Mutual Fund launches Groww Nifty Non-Cyclical Consumer Index Fund

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  • Groww Mutual Fund launches Groww Nifty Non-Cyclical Consumer Index Fund

NFO period: 02nd May ? 16th May, 2024

Highlights of the NFO:

  • Scheme type ? An open-ended scheme tracking Nifty Non-Cyclical Consumer 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 Non-Cyclical Consumer Index (TRI) in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Non-Cyclical Consumer 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 Nifty Non-Cyclical Consumer 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, 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 Non-Cyclical Consumer Index (Total Return Index). The performance of Groww Non-Cyclical Consumer Index Fund is benchmarked against the Nifty Non-Cyclical Consumer Index (Total Return Index)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)