Mutual Fund NFO: Subscription for Groww's Nifty small-cap index fund starts today; know minimum investment, last date, benchmark and other key details

Groww Nifty Smallcap 250 Index Fund: Asset management company Groww Mutual Fund launched a new small cap fund (NFO) in the equity segment on Friday (February 9, 2024). The subscription of the fund house's NFO- Groww Nifty Smallcap 250 Index Fund- opened today. Investors can apply for this scheme till 23 February 2024. This is an open ended scheme. According to the asset management company, it can be helpful in long-term capital growth.

Groww Nifty Smallcap 250 Index Fund: Minimum investment

According to Groww Mutual Fund, you can start investing in Groww Nifty Smallcap 250 Index Fund with a minimum investment of Rs 500 and thereafter, in multiples of Re 1.

There is no exit load in the scheme. Investment can be made in this through SIP.

For SIP investment in NFO, 12 installments of Rs 100 each will have to be paid for monthly investment and 4 installments of Rs 300 each for quarterly investment.

The total initial investment through SIP will be Rs 1200.

Groww Nifty Smallcap 250 Index Fund: Benchmark

The benchmark for Groww's new fund is NIFTY Smallcap 250 TRI. 

Groww Nifty Smallcap 250 Index Fund: Fund manager

Abhishek Jain is the fund manager of the scheme. 

Groww Nifty Smallcap 250 Index Fund: Who can invest

According to Grow Mutual Fund House, investors can invest in this scheme for long-term capital growth.

In this, investors will get an opportunity to invest in equity and equity-related instruments of small-cap companies.

This is a better scheme for investors who want returns commensurate with the performance of Nifty Smallcap 250 Total Return Index (with tracking error).

There is high risk in the fund.

In case of any doubt regarding this product, one should consult their financial advisor.

(Disclaimer: Only information about NFO is given here. This is not investment advice. Investing in mutual funds is subject to market risks. Consult your advisor before investing.)