MUTUAL FUNDS
Groww MF introduces Nifty EV & New Age Automotive ETF FOF
Jul-24-2024

Groww Mutual Fund has launched Groww Nifty EV & New Age Automotive ETF FOF, an open-ended fund of fund scheme investing in units of Groww Nifty EV & New Age Automotive ETF. The NFO opens for subscription on July 24, 2024 and closes on August 07, 2024. The Entry Load is nil for the scheme. The Exit load will be 1% - If redeemed within 30 days from the date of allotment and Nil - If redeemed after 30 days from the date of allotment. The minimum subscription amount is Rs 500/- and in multiples of Rs 1/- thereafter. 

The performance of the Scheme will be benchmarked with Nifty EV & New Age Automotive Index TRI and its fund manager is Abhishek Jain.

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. 
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