Groww Mutual Fund launches Groww Nifty Total Market Index Fund
Groww Mutual Fund, the asset manipulate arm of Groww, India’s largest on-line funding platform, has released the Groww Nifty Total Market Index Fund, an open-ended index fund that tracks the Nifty Total Market Index.
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- The Nifty Total Market Index is a vast-based index that comprises all the shares indexed at the NSE, representing over 95% of the unfastened-flow market capitalization of the Indian equity market. The index is rebalanced semi-annually.
- The Groww Nifty Total Market Index Fund is the primary Nifty Total Market Index Fund to be released in India. It is likewise the primary index fund to be launched by way of the use of Groww Mutual Fund.
- The fund is designed to offer investors with a accessible and price-powerful manner to make investments within the entire Indian fairness marketplace. It has a low charge ratio of 0.05%, it’s one of the lowest among index price range in India.
- The fund is open for funding from October 3 to October 17, 2023. The minimal funding amount is Rs one hundred and the minimum SIP amount is Rs 100.
Features of the Groww Nifty Total Market Index Fund:
- Invests inside the Nifty Total Market Index, which tracks the complete Indian equity market
- Low price ratio of 0.05%
- Open for funding from October 3 to October 17, 2023
- Minimum funding quantity is Rs a hundred
- Minimum SIP quantity is Rs a hundred
Benefits of making an investment in the Groww Nifty Total Market Index Fund:
- Diversification: The fund offers traders with a various exposure to the Indian fairness marketplace, which can assist to reduce hazard.
- Passive making an investment: The fund is a passively managed fund, because of this that it tracks the Nifty Total Market Index and does now not try to outperform the marketplace. This makes it a specifically low-charge and occasional-maintenance funding desire.
- Long-time period investment: The fund is first-rate suitable for prolonged-term shoppers, as the Indian equity marketplace has historically trended upwards over the long term.
Overall, the Groww Nifty Total Market Index Fund is a super choice for buyers who’re looking for a special, passive, and coffee-fee funding inside the Indian equity market.