Groww Mutual Fund launches Groww Nifty Midcap 150 Index Fund

NFO period: 28^th Oct - 11^th Nov, 2025

Highlights of the NFO:

• Scheme type - An open-ended scheme tracking the Nifty Midcap 150 Index – TRI


• Investment objective - The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Midcap 150 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Midcap 150 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 - This product is suitable for investors who are seeking long-term capital growth by investing in securities of the Nifty Midcap 150 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Midcap 150 Index, subject to tracking errors


• Minimum Application Amount - Rs. 500 and in multiples of Re. 1/- thereafter


• Plan/ Options available - Regular plan & Direct plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).


• Fund Managers - Mr. Shashi Kumar, Mr. Nikhil Satam & Mr. Aakash Chauhan


• Benchmark - Nifty Midcap 150 Index - TRI