Ultimate Wealth

Groww Mutual Fund launches Groww Nifty EV And New Age Automotive ETF

Jul 22, 2024 08:43:13 AM, by News Team

NFO period: 22^nd July ? 02^nd August, 2024

Highlights of the NFO:

Scheme type ? An open-ended scheme replicating/tracking Nifty EV and New Age Automotive Index - Total Return Index

Investment objective ? The investment objective of the scheme is to generate long term capital growth by investing in securities of the Nifty EV & New Age Automotive Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty EV & New Age Automotive Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Product suitability ? The product is suitable for investors who are seeking long-term capital appreciation by investing in equity and equity-related instruments of the Nifty EV & New Age Automotive Index.

Minimum Application Amount ? First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter

Plan/ Options available ? The scheme does not offer any Plans/Options for investment.

Fund Managers ? Mr. Abhishek Jain

Benchmark ? Nifty EV and New Age Automotive Index - Total Return Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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