Groww Mutual Fund launches Groww Nifty Total Market Index Fund

NFO period: 03^rd October – 17^th October, 2023

Highlights of the NFO:

• Scheme type – An open-ended scheme replicating/ tracking Nifty Total Market Index


• Investment objective – 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.


• Product suitability – The product is suitable for investors who are seeking returns commensurate with the performance of Nifty Total Market Index - TRI, subject to tracking error. Investors looking to by investing in India’s growth potential and across sectors & market caps in order to benefit from a well-diversified portfolio with long term capital appreciation.


• Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth option, Payout of Income Distribution cum capital withdrawal (IDCW) option and Reinvestment of Income Distribution cum capital withdrawal (IDCW) option.


• Fund Managers – Mr Anupam Tiwari


• Benchmark – Nifty Total Market Index (Total Return Index) The performance of Groww Nifty Total Market Index Fund is benchmarked against the Nifty Total Market Index (Total Return Index)