| Launch date | NA |
| Allotment date | 29 Feb 2024 |
| End date | NA |
| NAV | ₹10.00 |
Expense ratio, exit load and tax
Expense ratio: 0.40%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Minimum investment amounts
| Min. for 1st investment | ₹500 |
| Min. for 2nd investment onwards | ₹500 |
| Min. for SIP | ₹100 |
Fund management
Abhishek JainFeb 2024 - PresentView details
Fund house & investment objective
| Rank (total assets) | #41 in India |
|---|---|
| Total AUM | ₹857.24Cr |
| Date of Incorporation | 10 Apr 2008 |
|---|
Groww Nifty Smallcap 250 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 Smallcap 250 Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹857 Cr and the Latest NAV as of 06 Sep 2024 is ₹12.19. The Groww Nifty Smallcap 250 Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. ;
Investment Objective
The Scheme seeks to investment return that corresponds to the performance of Nifty Smallcap 250 Total Return Index subject to tracking error. ;
| Fund benchmark | NIFTY Smallcap 250 Total Return Index |
|---|