Groww Nifty Total Market Index Fund NFO: Key details you need to know

10 Oct 2023 , 01:04 PM

Groww Mutual Fund is launching NFO under its “index fund category”, named as Groww Nifty Total Market Index Fund. This open-ended fund aims to achieve a return equivalent to the Nifty Total Market Index-TRI subject to tracking error. This index is diversified throughout the Indian market across sectors and market caps and aims to benefit from India’s economic growth. 

Investment strategy: The Scheme will be managed passively with investments in stocks in a proportion to the weights of these stocks in the Nifty Total Market Index. The investment strategy would revolve around reducing the tracking error to the least possible through rebalancing of the portfolio.

Asset allocation: The scheme will invest in India’s growth potential and across sectors & market caps in order to benefit from a well diversified portfolio.

Who should invest?

Investors with very high risk appetite and want to invest for 3 to 5 years to diversify their portfolio across market cap should invest in Groww Nifty Total Market Index Fund. 

Risk associated: Very high level of risk.

Benchmark: Nifty Total Market Index-TRI.

Fund Managers: Mr Anupam Tiwari.

The NFO is available for subscription from October 3 to October 17. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 1000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Groww Nifty Total Market Index Fund.