NFO Alert: Groww Mutual Fund launches Nifty Capital Markets based two passive funds

Groww Mutual Fund has announced the launch of two new passive investment schemes – the Groww Nifty Capital Markets ETF and the Groww Nifty Capital Markets ETF FoF.

The new fund offer (NFO) of both the funds is open for subscription and will close on November 28.

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Both schemes aim to replicate the performance of the Nifty Capital Markets Index – Total Return Index (TRI), providing investors with an opportunity to participate in India’s growing and evolving capital markets ecosystem through a rules-based, transparent, and low-cost passive route.

Groww Nifty Capital Markets ETF: Seeks to replicate the Nifty Capital Markets Index by investing in its underlying constituents in the same proportion, subject to tracking error.

Groww Nifty Capital Markets ETF FoF: Seeks to invest primarily in units of the Groww Nifty Capital Markets ETF.

Together, these schemes offer investors convenient access to India’s listed capital-market companies – including brokers, exchanges, depositories, registrars, and asset management firms – that form the foundation of the country’s financial infrastructure.

India’s capital markets have witnessed significant transformation over the past two decades, supported by rising investor participation, regulatory reforms, and deepening financial infrastructure.

The Nifty Capital Markets Index tracks companies that form the front lines and the backbone of India’s financial market ecosystem – from investor-facing intermediaries to market infrastructure institutions.

The minimum investment amount is Rs 500. The exit load is nil. The performance of the funds will be benchmarked against Nifty Capital Markets – TRI. The funds will be managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar.

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.

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Groww Nifty Capital Markets ETF is suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity-related instruments of the Nifty Capital Markets Index.

Groww Nifty Capital Markets ETF FoF is suitable for investors who are seeking long-term capital appreciation and want investments in units of the Groww Nifty Capital Markets ETF.