Groww Mutual Fund launches Groww Nifty Private Bank Index Fund
NFO period: 06th May - 20th May, 2026
Highlights of the NFO:
- Scheme type - An open-ended scheme tracking the Nifty Private Bank Total Return Index
- Investment 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.
- Product suitability - This product is suitable for investors who are seeking to generate long-term capital appreciation. Investment in equity and equity-related instruments of the Nifty Private Bank Index.
- Minimum Application Amount - Rs. 500 and in multiples of Re. 1 thereafter.
- Plan/ Options available - Regular plan & Direct plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option (with Payout of Income Distribution cum capital withdrawal option and Reinvestment of Income Distribution cum capital withdrawal option).
- Fund Managers - Mr. Nikhil Satam, Mr. Aakash Chauhan & Mr. Shashi Kumar
- Benchmark - Nifty Private Bank Index – TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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