MUTUAL FUNDS
Groww MF introduces Nifty Private Bank Index Fund
May-06-2026

Groww Mutual Fund has launched Groww Nifty Private Bank Index Fund, an open‐ended scheme tracking the Nifty Private Bank Index - TRI. The NFO opens for subscription on May 06, 2026 and closes on May 20, 2026. The Entry Load is not applicable and Exit load is nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Re. 1/- thereafter.

The performance of the Scheme will be benchmarked with Nifty Private Bank Index – TRI and its fund managers are Nikhil Satam, Aakash Chauhan and Shashi Kumar.

The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Private Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Private Bank Index, subject to tracking errors.


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