MUTUAL FUNDS
Groww MF introduces Nifty PSU Bank Index Fund
Mar-06-2026

Groww Mutual Fund (MF) has launched Groww Nifty PSU Bank Index Fund, an open‐ended scheme tracking the Nifty PSU Bank Index - TRI. The NFO opens for subscription on March 06, 2026 and closes on March 20, 2026. The Entry Load is not applicable and the Exit load is nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter. 

The performance of the scheme will be benchmarked against Nifty PSU Bank Index - TRI and its fund managers are Nikhil Satam, Aakash Chauhan and Shashi Kumar.

The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty PSU Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty PSU Bank Index, subject to tracking errors.


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