| Launch date | 02 May 2024 |
| Allotment date | 24 May 2024 |
| End date | 16 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.
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹500 |
Fund management
Abhishek JainMay 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #41 in India |
|---|---|
| Total AUM | ₹857.24Cr |
| Date of Incorporation | 10 Apr 2008 |
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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 20 Dec 2024 is ₹10.77. The Groww Nifty Non Cyclical Consumer Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. 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 benchmark | Nifty Non-Cyclical Consumer Total Return Index |
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