MUTUAL FUNDS
Groww Mutual Fund files offer document for Gilt Fund
Mar-28-2025

Groww Mutual Fund has filed offer document with SEBI to launch an open-ended debt scheme named ‘Groww Gilt Fund'. The New Fund Offer price for units would be Rs 10 during the NFO period. Entry load and Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked against CRISIL Dynamic Gilt Index. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate credit risk-free returns by predominantly investing in sovereign securities issued by the Central Government and/or State  Government(s) and/or any security guaranteed by the Government of India, and/or reverse repos in such securities as per applicable RBI Regulations and Guidelines. The Scheme may also be investing in Reverse repo, Triparty repo on Government securities or treasury bills and/or other similar instruments as may be notified from time to time. 


  RELATED NEWS >>