India, July 31 -- Groww Mutual Fund has launched a new Open Ended Growth scheme named "Groww Nifty Next 50 Index Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Aug 06 to Aug 20, 2025.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 500.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.
The fund manager of the scheme will be Shashi Kumar, while the performance of the scheme will be benchmarked against Nifty Next 50 Total Return.
The investment objective of the Scheme is to ...