Groww Mutual Fund has launched a new Open Ended Growth scheme named "Groww Nifty Total Market Index Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Oct 03 to Oct 17, 2023.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 1,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.
The fund manager of the scheme will be Anupam Tiwari, while the performance of the scheme will be benchmarked against Nifty Total Market.
The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.