Groww MF introduces Multicap Fund
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Groww Mutual Fund has launched Groww Multicap Fund, an open-ended equity scheme investing across large-cap, mid-cap, and small-cap stocks. The NFO opens for subscription on November 26, 2024 and closes on December 10, 2024. No Entry Load shall be charged for the scheme. The Exit load will be 1%- if redeemed/ switched out within 1 year from the date of allotment and Nil -if redeemed/ switched out after 1 year from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked at Nifty 500 Multi Cap 50:25:25 Total Returns Index and its fund manager is Anupam Tiwari.
The investment objective of the scheme is to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments of large, mid and small-cap companies.
