Groww Nifty Non Cyclical Consumer Index Fund Direct Growth

Equity
Thematic
Very High Risk
Launch date02 May 2024
Allotment date24 May 2024
End date16 May 2024
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 0.40%

Inclusive of GST

Exit load

Exit load of 1%, if redeemed within 30 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹100

Fund management

Abhishek Jain
May 2024 - Present
View details

Education
Mr. Jain has done BA, CA
Experience
Prior to joining Groww MF he was associated with Edelweiss Tokio Life Insurance, Acko General Insurance and Shriram Asset Management Co Ltd.
Also manages these schemes

Fund house & investment objective

Rank (total assets)#41 in India
Total AUM₹857.24Cr
Date of Incorporation10 Apr 2008

Groww Nifty Non Cyclical Consumer Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. Abhishek Jain is the Current Fund Manager of Groww Nifty Non Cyclical Consumer Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹857 Cr and the Latest NAV as of 02 Dec 2024 is ₹11.04. The Groww Nifty Non Cyclical Consumer Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. Exit load of 1%, if redeemed within 30 days. ;

Investment Objective

The Scheme seeks to generate long term capital growth by investing in securities of the Nifty Non-Cyclical Consumer Index (TRI) in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Non-Cyclical Consumer Index, subject to tracking errors. ;

Fund benchmarkNifty Non-Cyclical Consumer Total Return Index

Fund house contact details

Address
Floor 12 A, Tower 2 A, One World Centre, Jupiter Mills Compound Senapati Bapat Marg, Mumbai 400013
Phone
8050180222
Launch Date
10 Apr 2008
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