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News Groww Mutual Fund launches Groww Nifty EV And New Age Automotive ETF FOF
Jul 24, 2024
Mutual Fund
Groww Mutual Fund launches Groww Nifty EV And New Age Automotive ETF FOF
NFO period: 24th July – 07th August, 2024
Highlights of the NFO:
- Scheme type – An open-ended fund of fund scheme investing in units of Groww Nifty EV & New Age Automotive ETF
- Investment objective – The investment objective of the scheme is to generate long term capital gains by investing in units of the Groww Nifty EV & New Age Automotive ETF. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
- Product suitability – This product is suitable for investors who are seeking by investing predominantly in units of Groww Nifty EV & New Age Automotive ETF long-term capital appreciation.
- Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option. The IDCW Option shall have only Reinvestment of IDCW and Payout of IDCW Option.
- Fund Managers – Mr. Abhishek Jain
- Benchmark – Nifty EV and New Age Automotive Index - Total Return Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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