Groww Nifty Private Bank Index Fund NFO

By Groww Mutual Fund Others Index
Upcoming Opens in 1 day

Offer Price

₹10.00

Min. Investment

₹500

Open Date

06 May 2026

Close Date

20 May 2026

SIP Amount

₹500

Groww Nifty Private Bank Index Fund is a New Fund Offer (NFO) by Groww Asset Management Ltd. categorized under Index. The NFO is open for subscription from 06 May 2026 to 20 May 2026. Investors can subscribe with a lumpsum investment of ₹500. The offer price is ₹10.00 per unit. The fund will be managed by Nikhil Satam. The fund has a risk rating of 'Very High' . It will benchmark against Nifty Private Bank Total Return.

Fund Details

Offer Price
₹10.00 per unit
Subscription Period
06 May 2026 to 20 May 2026
Min. Lumpsum Amount
₹500
SIP Amount
Rs. 500
Scheme Type
Open Ended
Category
Others - Index Funds/ETFs
Risk Level
Very High
Exit Load
-
Benchmark
Nifty Private Bank Total Return
Plan Options
Growth, IDCW, IDCW-Reinvestment

Fund Objective

The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Private Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Private Bank Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

AMC Details

Name
Groww Mutual Fund
Fund Managers
Mr. Nikhil Satam (Equity)
Mr. Aakash Ashokkumar Chauhan (Equity)
Mr. Shashi Kumar (Equity)
Website
https://www.growwmf.in/

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Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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