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  • Groww Mutual Fund launches Groww Nifty EV And New Age Automotive ETF

Jul 22, 2024

Mutual Fund

Groww Mutual Fund launches Groww Nifty EV And New Age Automotive ETF

NFO period: 22nd July ? 02nd August, 2024

Highlights of the NFO:

  • Scheme type ? An open-ended scheme replicating/tracking Nifty EV and New Age Automotive 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 EV & New Age Automotive Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty EV & New Age Automotive 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 the Nifty EV & New Age Automotive Index.

  • Minimum Application Amount ? First investment is 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. Abhishek Jain

  • Benchmark ? Nifty EV and New Age Automotive Index - Total Return Index
Download - KIM
Download - SID

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