MUTUAL FUNDS
Groww Mutual Fund files offer document for Gold ETF
Sep-11-2024
Groww Mutual Fund has filed offer document with SEBI to launch an open-ended exchange traded fund named ‘GROWW Gold ETF ‘. The New Fund Offer price is Rs 10 or at 1/100 of Gold Price Per gram for applications received during NFO. Exit load and entry load will be NIL. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked against Domestic Price of Physical 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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