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Fund Facts
  • Name of Fund:
    Groww Nifty India Railways PSU Index
  • Opening:
    16th January 2025
  • Closing:
    30th January 2025
  • Scheme Type:
    Open Ended Equity Index Funds
  • Minimum Investment:
    Rs. 500 and in multiples of Re. 1/- thereafter
  • Plan:
    Regular and Direct
  • Options:
    Growth and IDCW
  • Entry Load:
    Nil
  • Exit Road:
    1% of NAV if units are redeemed 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 India Railways PSU Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty India Railways PSU Index, subject to tracking errors.

  • Benchmark:

  • BSE PSU

  • Fund Manager:

  • Abhishek Jain

Asset Allocation

95-100% Equity
upto 5% Money Market
Comparable existing schemes
Not Available Not Available Not Available
Not Available Not Available Not Available

Fund Prognosis

Idea Distiller

Wow. This is new!!! An umbrella fund covering not just railways but all associated companies.

  • Fund House AAUM:

  • Rs 167822.3 Lakhs(as on 31st December, 2024)

  • Fund Manager:

  • Experience of above 12 years

Scheme DNA 4 fundamentals

  • UNIQNESS
  • RETURN
  • RISK
  • OPERABILITY

OOMP Factor

Very oomphy, because it’s the first of its kind. But otherwise, it is a very high risk game and seems a bit illogical to me. But yet!!!!