Investment Objective
The investment objective of the Scheme is to generate long-term capital growth by investing in units of the Groww Nifty 500 Momentum 50 ETF However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
| Fund Overview | |
| Exit Load | Exit load of 1%, if redeemed within 30 days. |
| Min. SIP Amount | ₹ 100 |
| Min. LumpSum Amount | ₹ 500 |
| Launch Date | 3rd Apr 2025 |
| End Date | 17th Apr 2025 |
| Allotment Date | 25th Apr 2025 |
| NAV | ₹10.00 |
| Stamp Duty | 0.005% |
| Lock in | nil |
| Scheme Benchmark | Nifty 500 Momentum 50 TRI |
| Risk | Very High |
| Scheme Category | Other , FoFs Domestic |
| Fund Manager | Nikhil Satam |
| AMC Name | Groww Asset Management Ltd |
| RTA | KFin Technologies Limited |
| Total AUM | ₹ 1,197 Cr |
| Total Schemes |
How to apply for this NFO?
To apply for this New Fund Offer (NFO), download the Dhan App today!
About Groww Asset Management Ltd.
In 2016, four former Flipkart employees – Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh – set out to simplify investing. They launched Groww in 2017 as a direct mutual fund distribution platform. By 2020, Groww expanded its offerings to include equities, digital gold, ETFs, intraday trading, and IPOs in response to user demand.
In 2021, Groww acquired Indiabulls AMC for Rs 175 crore, using Rs 100 crore from cash equivalents. By 2023, Groww had fully acquired and rebranded Indiabulls AMC as Groww AMC. Currently, Groww AMC offers schemes under the Equity, Debt, ELSS, Index and Hybrid categories.
As of March 2024, Groww manages assets worth around Rs 658.50 crores. The AMC is led by CEO Mr. Varun Gupta, with Mr. Hemant Zaveri as the compliance officer and Mr. Krishnam Thota as the investor service officer. Groww AMC is sponsored by Groww Invest Tech Pvt. Ltd., with KFin Technologies Ltd. as the registrar and transfer agent, and HDFC Bank Ltd. as the custodian and accountant. The statutory auditor is M/s S.R. Batliboi & Co.
You can explore more Mutual Funds offered by Groww Asset Management Ltd here
Happy Investing,
Saurav Parui.