Groww Nifty Total Market Index Fund Direct - Growth - NFO | New Fund Listing | NFO MF | New NFO

Groww Nifty Total Market Index Fund Direct - Growth - NFO
Other
Index
Very High Risk
Launch date03 Oct 2023
Allotment date23 Oct 2023
End date17 Oct 2023
NAV₹10.00
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Expense ratio, exit load and taxExpense ratio: 0.20%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹500
Min. for SIP₹100
Fund managementAnupam Tiwari
Oct 2023 - Present
View details
Education
Mr. Tiwari is a Chartered Accountant.
Experience
Prior to joining Groww Mutual Fund (formerly, Indiabulls Mutual Fund), he was associated with Axis Mutual Fund, Principal Mutual Fund (July 25, 2011-Sep 21, 2016), Reliance Life Insurance Ltd. (Sep 22, 2010-Jul 15, 2011) and Reliance MF (Mar 21, 2005-Sep 21, 2010).
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Groww Nifty 50 ETF
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Fund house & investment objective
Groww Mutual Fund
Rank (total assets)#35 in India
Total AUM₹478.48Cr
Date of Incorporation10 Apr 2008
 Groww Nifty Total Market Index Fund Direct - Growth - NFO is a Other Mutual Fund Scheme launched by Groww Mutual Fund. This scheme was made available to investors on 10 Apr 2008. The fund currently has an Asset Under Management(AUM) of ₹478 Cr and the Latest NAV as of 23 Oct 2023 is ₹10.00.
The Groww Nifty Total Market Index Fund Direct - Growth - NFO is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹1,000.
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Fund benchmarkNifty Total Market 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
E-mail
Customer Support Email id: [email protected]
Website
NA

Min. for 1st investment	₹1,000
Min. for 2nd investment onwards	₹500

Rank (total assets)	#35 in India
Total AUM	₹478.48Cr

Groww Nifty Total Market Index Fund Direct - Growth - NFO

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Expense ratio, exit load and tax

Expense ratio: 0.20%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Anupam TiwariOct 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Anupam Tiwari
Oct 2023 - Present
View details