MUTUAL FUNDS
Groww Mutual Fund files offer document for Gold ETF FOF
Sep-11-2024
Groww Mutual Fund has filed offer document with SEBI to launch an open-ended fund of funds named ‘GROWW Gold ETF FOF ‘. The New Fund Offer price is Rs 10. Exit load if redeemed within 30 days from the date of allotment will be 1%; If redeemed after 30 days from the date of allotment 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 10 crore.

The performance of the scheme will be benchmarked against Domestic Price of Gold. The minimum application amount is Rs 500 and in multiples of Re. 1 thereafter.

The investment objective of the scheme is to generate returns corresponding to the Domestic Price of Physical Gold before expenses, subject to tracking errors, fees and expenses by investing in Physical Gold.

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