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Fund Facts
  • Name of Fund:
    Groww Nifty Non-Cyclical Consumer Index
  • Opening:
    2nd May 2024
  • Closing:
    16th May 2024
  • Scheme Type:
    Open Ended Equity Index Funds
  • Minimum Investment:
    Rs. 500/- and in multiples of Re.1
  • Plan:
    Regular and Direct
  • Options:
    Growth and IDCW
  • Entry Load:
    Nil
  • Exit Road:
    1% of NAV if units are redeemed/switched-out within 30 days from the date of allotment.
  • Thereafter:
    Nil

Fund Stats

Objective

The investment objective of the Scheme is to generate long term capital growth by investing in securities of the Nifty Non-Cyclical Consumer Index (TRI) in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Non-Cyclical Consumer Index, subject to
tracking errors.

  • Benchmark:

  • NIFTY CONSUMPTION

  • Fund Manager:

  • Abhishek Jain

Asset Allocation

95-100% Equity
upto 5% Money Market
Comparable existing schemes
HDFC Non-Cyclical Consumer Fund 6.02(3M) 16.44(6M)
Not Available Not Available Not Available

Fund Prognosis

Idea Distiller

Continuity over various market cycles. Small Gains. But regular gains. And low downside. And a growing population….so many ideas

  • Fund House AAUM:

  • Rs 65849.77 Lakhs(as on 31st March, 2024)

  • Fund Manager:

  • Experience of above 12 years

Scheme DNA 4 fundamentals

  • UNIQNESS
  • RETURN
  • RISK
  • OPERABILITY

OOMP Factor

Not so much oomph as stability and basis for growth. Great for those who want to incrementally climb out of debt to a higher but manageable risk reward trade off.