MUTUAL FUNDS
Groww Mutual Fund files offer document for Nifty Metal ETF
Aug-01-2025

Groww Mutual Fund has filed offer document with SEBI to launch an open ended scheme named 'Groww Nifty Metal ETF'. 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 does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked against Nifty Metal Index TRI. The minimum application amount is Rs 500 and in multiples of Re. 1 thereafter.

The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty Metal Index in the same proportion/weightage with an aim to provide returns before  expenses that track the total return of Nifty Metal Index.


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