Groww Mutual Fund launches Groww Nifty EV And New Age Automotive ETF
22 Jul,
2024
By: Eastern Fin Research Team#Mutual Fund
NFO period: 22nd July – 02nd August, 2024
Highlights of the NFO:
Scheme type – An open-ended scheme replicating/tracking Nifty EV and New Age Automotive Index - Total Return Index
Investment objective – The investment objective of the scheme is to generate long term capital growth by investing in securities of the Nifty EV & New Age Automotive Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty EV & New Age Automotive Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Product suitability – The product is suitable for investors who are seeking long-term capital appreciation by investing in equity and equity-related instruments of the Nifty EV & New Age Automotive Index.
Minimum Application Amount – First investment is Rs. 500/- and in multiples of Rs. 1/- thereafter
Plan/ Options available – The scheme does not offer any Plans/Options for investment.
Fund Managers – Mr. Abhishek Jain
Benchmark – Nifty EV and New Age Automotive Index - Total Return Index
Eastern Financiers, one of the first investment and financial consultant in Eastern
India have grown to become one of the largest investment consultants in the country.