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News Groww Mutual Fund launches Groww Nifty 500 Momentum 50 ETF
Apr 3, 2025
Mutual Fund
Groww Mutual Fund launches Groww Nifty 500 Momentum 50 ETF
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.)
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