NFO Alert: Groww Mutual Fund launches Nifty 500 Low Volatility 50 ETF

Groww Mutual Fund has announced the launch of the Groww Nifty 500 Low Volatility 50 ETF, an open‐ended scheme that aims to track the Nifty 500 Low Volatility 50 Index - TRI.

The New Fund Offer (NFO) is currently open for subscription and will close on June 11. The scheme will reopen for continuous sale and repurchase on or before June 25.

The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty 500 Low Volatility 50 Index in the same proportion/weightage, with the aim of providing returns (before expenses) that closely track the total return of the index, subject to tracking errors.