NFO Alert : Groww Mutual Fund announces launch of two passive funds

Groww Mutual Fund has launched two passive funds - Groww Nifty Metal ETF and Groww Multi Asset Omni FOF.


The new fund offer or NFO of both the funds is open for subscription and will close on December 17. The funds will reopen for continuous sale and repurchase on January 1, 2026.



Also Read | Silver ETFs deliver over 100% return in 2025. Should investors lock in profits or ride the rally?

Groww Nifty Metal ETF

Groww Nifty Metal ETF is an open‐ended scheme tracking the Nifty Metal Index - TRI. The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty Metal Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Metal Index, subject to tracking errors.


The performance of the fund will be benchmarked against Nifty Metal Index TRI and will be managed by Nikhil Satam, Aakash Chauhan and Shashi Kumar.


The minimum application amount is Rs 500 and in multiples of Re 1 thereafter. The fund will allocate 95-100% in constituents of Nifty Metal Index and 0-5% in money market instruments / debt securities, instruments and/or units of debt/liquid schemes of domestic mutual funds.


This scheme aims to offer investors convenient access to India’s listed metal and mining companies - including producers of steel, aluminium, copper, zinc, and iron ore - that play a key role in supporting the country’s infrastructure and industrial development, according to a press release by the fund house.


Groww Mutual Fund applies its proprietary SPEARTech high-frequency rebalancing technology with the aim of maintaining close alignment with the underlying index and reducing tracking error across its passive offerings.

Groww Multi Asset Omni FOF

Groww Multi Asset Omni FOF is an open-ended fund of funds scheme investing in equity-oriented schemes, debt-oriented schemes and Gold & Silver ETFs.


The primary objective of the scheme is to generate capital appreciation and income through a diversified portfolio of equity, debt, Gold & Silver ETFs.


Also Read | Can Gold & Silver ETFs, a smallcap-heavy portfolio, and a 10% step-up get you to Rs 3 crore in 20 years?


The performance will be benchmarked against Nifty 500 TRI (65%) + CRISIL Composite Bond Fund Index (25%) + Domestic Gold Prices (5%) + Domestic Silver Prices (5%) and will be managed by Paras Matalia, Shashi Kumar and Wilfred Gonsalves.


The minimum investment amount for non- SIP is Rs 500 and in multiples of Re 1 for purchases and switch-in. For SIP, the minimum investment amount is Rs 500 and in multiples of Re 1.


The fund will allocate 65-100% in units of active & passive equity oriented schemes, 10-25% in units of active & passive debt oriented schemes, 10-25% in units of gold and silver ETFs, and 0-5% in money market instruments, cash and cash equivalent and/or units of liquid scheme.