Groww MF introduces Nifty India Railways PSU ETF
Groww Mutual Fund has launched Groww Nifty India Railways PSU ETF, an open?ended scheme tracking the Nifty India Railways PSU Index - TRI. The NFO opens for subscription on January 16, 2025 and closes on January 30, 2025. No Entry Load is charged and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Re. 1/- thereafter.
The performance of the Scheme will be benchmarked with Nifty India Railways PSU India- TRI and its fund manager is Abhishek Jain.
The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty India Railways PSU Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of the Nifty India Railways PSU Index, subject to tracking errors.
