News Details

Groww Mutual Fund launches Groww Nifty 500 Momentum 50 ETF

Thu Apr 03 04:09:57 UTC 2025 by News Team

NFO period: 03rd April - 17th April, 2025

Highlights of the NFO:

  • Scheme type - An open-ended scheme tracking the Nifty 500 Momentum 50 Index - TRI.

  • Investment objective - The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty 500 Momentum 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty 500 Momentum 50 Index, subject to tracking errors.

  • Product suitability - This product is suitable for investors who are seeking long-term capital appreciation Investment in equity and equity-related instruments of the Nifty 500 Momentum 50.

  • Minimum Application Amount - Rs. 500 and in multiples of Rs. 1/- thereafter.

  • Plan/ Options available - The Scheme does not offer any Plans/Options for investment.

  • Fund Managers - Mr. Nikhil Satam

  • Benchmark - Nifty 500 Momentum 50 Index TRI.

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

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