Investment Objective
The investment objective of the Scheme is to seek to provide returns that are in line with returns provided by Groww Gold ETF. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.
| Fund Overview | |
|---|---|
| Exit Load | 1% for redemption within 30 Days |
| Min. SIP Amount | ₹ 100 |
| Min. LumpSum Amount | ₹ 500 |
| Launch Date | 16th Oct 2024 |
| End Date | 30th Oct 2024 |
| Allotment Date | 7th Nov 2024 |
| NAV | ₹10.00 |
| Stamp Duty | 0.005% |
| Lock in | Nil |
| Scheme Benchmark | Domestic Price of Gold |
| Risk | Very High |
| Scheme Category | Others / Fund Of Funds |
| Fund Manager | Wilfred Peter Gonsalves |
| AMCs Details | |
|---|---|
| AMC Name | Groww Mutual Fund |
| RTA | KFin Technologies Ltd. |
| Total AUM | ₹ 1,111 Cr |
| Total Scheme | 15 |
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