Groww Mutual Fund files offer document for Multi Asset Omni FOF
Groww Mutual Fund has filed offer document with SEBI to launch an open-ended fund of funds scheme named ‘Groww Multi Asset Omni FOF’. The New Fund Offer price for units would be Rs 10 per unit as on the date of allotment. Entry load and Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked against Nifty 500 TRI (65%) + CRISIL Composite Bond Fund Index (25%) + Domestic Gold Prices (5%) + Domestic Silver Prices (5%). The minimum application amount is Rs 500 and in multiples of Re 1 thereof.
The investment objective of the scheme is to generate capital appreciation and income through a diversified portfolio of equity, debt, Gold & Silver ETFs.
