Latest news with #GrowwMutualFund
&w=3840&q=100)
Business Standard
11-06-2025
- Business
- Business Standard
Groww MF launches Nifty India Internet ETF: Here's all you need to know
Groww Nifty India Internet ETF: Groww Mutual Fund has launched the Groww Nifty India Internet ETF, an open-ended scheme that aims to track the Nifty India Internet Index (TRI). The New Fund Offer (NFO) will open for subscription on Friday, 13 June 2025, and close on Friday, 27 June 2025. This Exchange-Traded Fund (ETF) offers diversified exposure to companies driving India's internet-led transformation. It seeks to invest in companies that derive a significant portion of their revenues from internet-based business models. According to the Scheme Information Document (SID), the Groww Nifty India Internet ETF is free float market capitalisation-weighted, with a cap of 20 per cent per constituent. It is rebalanced quarterly and reconstituted semi-annually, ensuring it remains responsive to market developments. The composition of the Nifty India Internet Index spans six broad sectors, including e-retail and e-commerce, financial technology, internet-enabled retail, stockbroking, digital travel, and online media. Over 83 per cent of the portfolio comprises mid and large-cap stocks. As per , the investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty India Internet Index in the same proportion, with the aim of providing returns before expenses that track the total return of the Nifty India Internet Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. During the NFO, investors can invest a minimum of ₹500 and in multiples of ₹1 thereafter, with units allotted in whole numbers and any remaining amount refunded. After the NFO, only Market Makers and Large Investors (with transactions over ₹25 crores) can buy or redeem units directly from the Mutual Fund in creation unit sizes. According to the SID, post-NFO, the ETF will be listed on the National Stock Exchange (NSE). If units are redeemed, no exit load will be charged. Nikhil Satam, Aakash Ashokkumar Chauhan, and Shashi Kumar are the designated fund managers for the scheme. Who should invest in the Groww Nifty India Internet ETF? According to the SID, the fund is suitable for investors seeking long-term capital appreciation and investment in equity and equity-related instruments of the Nifty India Internet Index. However, investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Time of India
11-06-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund launches ETF tracking the Nifty India Internet Index
Groww Mutual Fund has launched Groww Nifty India Internet ETF , India's first exchange-traded fund (ETF) that aims to track the Nifty India Internet Index – TRI. The new fund offer or NFO of the scheme will open on June 13 and will close on June 27. Also Read | Mutual fund SIP stoppage ratio slows down to nearly 72% in May Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Miss The Top Packaging Trends Of 2024, Enhnace Your Brand With The Latest Insights Packaging Machines | Search Ads Search Now Undo This ETF seeks to offer investors diversified exposure to companies driving India's internet-led transformation. The fund aims to invest in internet-first businesses across sectors such as e-commerce, fintech, online travel, digital payments, stockbroking, and entertainment. These sectors are increasingly becoming central to India's consumption and service economy. The Groww Nifty India Internet ETF aims to provide long-term investors a rules-based, transparent, and low-cost route to participate in this growth story. The scheme seeks to replicate the performance of the index by holding its constituents in similar weightage, subject to tracking error. Live Events The scheme is jointly managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. Post NFO, the ETF will be listed on the National Stock Exchange (NSE). The minimum investment during the NFO is Rs 500, and there is no exit load. The scheme is suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity-related instruments of the Nifty India Internet Index. Also Read | Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflows The Nifty India Internet Index, which serves as the underlying benchmark, currently consists of 21 listed companies. It seeks to represent companies that derive a significant portion of their revenues from internet-based business models. The index is free float market capitalization-weighted with a cap of 20% per constituent and is rebalanced quarterly and reconstituted semi-annually, ensuring it remains responsive to market developments. The index composition spans across six broad sectors: e-retail and e-commerce (36%), financial technology (26%), internet-enabled retail (19%), stockbroking (8%), digital travel (10%), and online media (1.5%). Over 83% of the portfolio is made up of mid and large-cap stocks. The index has maintained a dynamic profile, with periodic inclusions and exclusions reflecting the evolving internet economy. Performance-wise, as of May 31, 2025, the Nifty India Internet Index delivered a 1-year CAGR of 25.94% and a 3-year CAGR of 22.55%. It also posted a Sharpe ratio of 2.73 (1-year) and 2.63 (3-year), indicating risk-adjusted returns compared to traditional indices like the Nifty 50 and Nifty 500.
Time of India
29-05-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund launches Nifty 500 Low Volatility 50 ETF
Groww Mutual Fund has announced the launch of the Groww Nifty 500 Low Volatility 50 ETF , an open‐ended scheme that aims to track the Nifty 500 Low Volatility 50 Index - TRI. The New Fund Offer (NFO) is currently open for subscription and will close on June 11. The scheme will reopen for continuous sale and repurchase on or before June 25. The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty 500 Low Volatility 50 Index in the same proportion/weightage, with the aim of providing returns (before expenses) that closely track the total return of the index, subject to tracking errors. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ampliar segurança e conveniência nas compras online é prioridade para 2025 Estúdio Folha Leia mais Undo The scheme will be benchmarked against the Nifty 500 Low Volatility 50 Index - TRI and will be managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. During the NFO period, the minimum investment amount is Rs 500, with subsequent investments in multiples of Re 1. Units will be allotted in whole figures, and any balance amount, if below the minimum, will be refunded. Live Events The passive fund will allocate 95–100% of its assets to the constituents of the Nifty 500 Low Volatility 50 Index, and 0–5% to money market instruments, debt securities, and/or units of debt/liquid schemes of domestic mutual funds . Also Read | Fund Consistency: 29 equity mutual funds offer more than 25% CAGR over 3 and 5 years The Groww Nifty 500 Low Volatility 50 ETF will be managed passively, with investments made in the same proportion as the index constituents. The investment strategy is to replicate the index closely and minimize tracking error through regular rebalancing based on changes in stock weights and investor flows. The fund is suitable for investors seeking long-term capital appreciation through exposure to equity and equity-related instruments that form part of the Nifty 500 Low Volatility 50 Index.
Time of India
02-05-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund expands offerings with new silver ETF
Groww Mutual Fund has introduced the Groww Silver ETF , an open-ended exchange-traded fund designed to provide investors with exposure to the domestic price of physical silver. This ETF offers a straightforward and efficient way to invest in silver, eliminating the need for physical storage and insurance. #Pahalgam Terrorist Attack India's Rafale-M deal may turn up the heat on Pakistan China's support for Pakistan may be all talk, no action India brings grounded choppers back in action amid LoC tensions The new fund offer or NFO of the scheme is open for subscription and will close on May 16. The scheme will reopen for continuous sale and repurchase on or before May 30. Also Read | Mutual funds' cash kitty hits 15-year high. What it means for investors? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Groww Silver ETF replicates the domestic price of physical silver, based on the daily spot fixing price from the London Bullion Market Association (LBMA). By investing in dematerialized silver units, this ETF aims to offer a convenient alternative to investing in physical silver without the complexities of ownership and storage, according to a press release by the fund house. The Groww Silver ETF seeks to provide returns that align with the performance of silver. While the ETF aims to track the price of silver, there are no guarantees of returns, as silver prices can fluctuate with market conditions. Live Events The minimum application amount is Rs 500 and in multiples of Re 1 thereafter. The exit load is nil. The Groww Silver ETF is suitable for investors seeking long-term capital appreciation and those looking to gain exposure to the silver market in a simple and convenient way. The scheme will be benchmarked against Domestic Price of Physical Silver (based on London Bullion Market association (LBMA) silver daily spot fixing price) and will be managed by Wilfred Gonsalves. Silver has historically shown little to no fluctuation in price when stock markets experience ups and downs. This characteristic makes it a potential option for investors seeking assets that may behave differently from equities, said the release. Also Read | Edelweiss Mid Cap Fund only outperformer among 30 peers in April In 2024, silver demand exceeded supply, driven by its increasing use in industries such as electronics, electric vehicles, and renewable energy. With demand continuing to rise, silver may see long-term value growth. The current gold-to-silver ratio stands at 91.64, suggesting that silver may be relatively more affordable compared to gold. This could provide an opportunity for investors to enter the silver market at favorable price levels, the release added. The Groww Silver ETF aims to provide liquidity by allowing units to be bought or sold during market hours on the stock exchange, offering flexibility to investors. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
23-04-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund launches gilt fund
Groww Mutual Fund has launched Groww Gilt Fund , an open-ended debt scheme that invests primarily in government securities across various maturities. The new fund offer or NFO of the scheme is open for subscription and will close on May 7. The fund, which allocates at least 80% of its total assets to government-backed securities, seeks to provide investors with an opportunity to diversify their portfolios while potentially benefiting from sovereign debt investments. This fund presents a potential opportunity to invest in government-backed securities, offering exposure to evolving economic trends and potential long-term growth Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Also Read | Retirement plan: Where to invest if you have a monthly pension of Rs 30,000 Given the shifting economic conditions, including the potential for lower interest rates, inflation moderation, and improvements in India's fiscal framework, now could be a good time to consider government-backed debt. Live Events The Groww Gilt Fund seeks to provide investors with exposure to these trends, with an opportunity to benefit from potential growth while diversifying their investment portfolios. Commenting on why a gilt fund now, Groww Mutual Fund said that the current economic environment may make government-backed securities a potentially attractive option for investors. With economic conditions shifting and central banks possibly adjusting monetary policies, government-backed debt could become an avenue for those looking to navigate these changes. Some other favourable parameters are interest rates and economic adjustments, weakening Yuan and its impact on inflation, improving Current Account Deficit (CAD), Foreign Institutional Investor (FII) debt flows, and inflation trends and economic conditions. The Groww Gilt Fund primarily invests in government securities, which are typically considered low-risk due to their sovereign backing. This provides investors with exposure to debt instruments issued by the Indian government The fund may offer an opportunity for investors to diversify their portfolios with government-backed debt. This could help reduce overall portfolio risk, especially in times of market uncertainty or economic shifts. Also Read | Nifty Bank surges 10% in 1 month to hit 52-week high level. Time to shift focus towards banking sector? Government securities are generally liquid, allowing investors to move in and out of positions with ease. The Groww Gilt Fund could provide flexibility for investors while offering potential growth opportunities in a low-interest-rate environment With macroeconomic shifts, including improvements in fiscal conditions and possible changes in interest rates, government-backed securities may offer an appealing investment option for long-term investors. The Groww Gilt Fund may aim to tap into these opportunities and provide potential returns for those seeking to invest in government debt.
