MUTUAL FUNDS
Groww Mutual Fund files offer document for Nifty Next 50 Index Fund
Jul-15-2025

Groww Mutual Fund has filed offer document with SEBI to launch an open ended index fund named ‘Groww Nifty Next 50 Index Fund’. The New Fund Offer price for units would be at Rs 10 during the NFO period. Entry load and Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked as against NIFTY Next 50 Index (TRI). The minimum application amount is Rs 500 and in multiples of Rs 1 thereafter.

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.

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