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Groww Mutual Fund has launched Groww Nifty 500 Low Volatility 50 ETF, an open?ended scheme tracking the Nifty 500 Low Volatility 50 Index – TRI. The NFO opens for subscription on May 28, 2025 and closes on June 11, 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 500 Low Volatility 50 Index TRI and its fund managers are Nikhil Satam, Aakash Chauhan & Shashi Kumar.

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 an aim to provide returns before expenses that track the total return of Nifty 500 Low Volatility 50 Index, subject to tracking errors.