Investment Objective
The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Next 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Next 50 Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
| Fund Overview | |
| Exit Load | Nil |
| Min. SIP Amount | ₹ 500 |
| Min. LumpSum Amount | ₹ 500 |
| Launch Date | 6th Aug 2025 |
| End Date | 20th Aug 2025 |
| Allotment Date | 28th Aug 2025 |
| NAV | ₹10.00 |
| Stamp Duty | 0.005% |
| Lock in | Nil |
| Scheme Benchmark | Nifty Next 50 TRI |
| Risk | Very High |
| Scheme Category | Other , Index Fund |
| Fund Manager | Nikhil Satam,Aakash Ashokkumar Chauhan,Shashi Kumar |
| AMC Name | Groww Asset Management Ltd |
| RTA | KFin Technologies Limited |
| Total AUM | ₹ 1,971.47 cr |
| Total Schemes | 25 |
How to apply for this NFO?
To apply for this New Fund Offer (NFO), download the Dhan App today!
About Groww Mutual Fund
In 2016, four former Flipkart employees-Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh-launched Groww in 2017 to simplify investing through a direct mutual fund distribution platform. By 2020, they expanded their offerings to include equities, digital gold, ETFs, intraday trading, and IPOs.
In 2021, Groww acquired Indiabulls AMC for Rs 175 crore, funding Rs 100 crore from cash reserves. By 2023, it fully rebranded Indiabulls AMC as Groww AMC, which now offers schemes in Equity, Debt, ELSS, Index and Hybrid categories.
As of March 2024, Groww manages assets worth approximately Rs 658.50 crore, led by CEO Varun Gupta. Key personnel include Hemant Zaveri as compliance officer and Krishnam Thota as investor service officer. Groww AMC is sponsored by Groww Invest Tech Pvt. Ltd., with KFin Technologies Ltd. as the registrar and HDFC Bank Ltd. as custodian.
You can explore more Mutual Funds offered by Groww Mutual Funds here
Happy Investing,
Saurav Parui.