Groww Nifty EV & New Age Automotive FoF Fund Review – Groww Nifty EV & New Age Automotive FoF Fund Direct NFO Open on 24 July 2024 and Close on 07 August 2024. Groww Nifty EV & New Age Automotive FoF Fund Direct NFO Allotment Date is 14 August 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹500. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An open-ended fund of fund scheme investing in units of Groww Nifty EV & New Age Automotive ETF or similar ETF tracking the Nifty EV & New Age Automotive Index.
Scheme Benchmark : Nifty EV and New Age Automotive Index –
Total Return Index The Trustees have adopted Nifty EV and New Age Automotive Index as the benchmark index. As per its investment objective, the investment would primarily be in Securities which are constituents of the benchmark index. Thus, the composition of the aforesaid benchmark index is such that it is most suited for comparing performance of the Scheme. The Trustees reserves right to change benchmark in future for measuring performance of the Scheme.
Groww Nifty EV & New Age Automotive FoF Fund Scheme Benchmark
Top constituents by weightage
Company
Weightage (%)
Mahindra & Mahindra Ltd.
9.69
Bajaj Auto Ltd.
7.21
Maruti Suzuki India Ltd.
7.21
Tata Motors Ltd.
6.86
Exide Industries Ltd.
5.42
Samvardhana Motherson International Ltd.
4.69
CG Power and Industrial Solutions Ltd.
4.27
Schaeffler India Ltd.
4.25
Amara Raja Energy & Mobility Ltd.
3.84
UNO Minda Ltd.
3.73
Groww Nifty EV & New Age Automotive FoF Fund Nfo Important Date
Scheme Offer
Groww Nifty EV & New Age Automotive FoF
Offer Price
Rs. 10/- per Unit
Type of Scheme
An open-ended fund of fund scheme
Open Date
24 July 2024
Allotment Date
07 Aug 2024
Close Date
14 Aug 2024
Category
Fund of Fund –Domestic (FOF)
Min Inv ₹
500
Lock in Period
N/A
Risk
Very High
Scheme Benchmark
Nifty EV and New Age Automotive Index
Groww Nifty EV & New Age Automotive FoF Fund Nfo Other Details
Exit Load
1%
Exit Load Details
Exit load of 1%, if redeemed within 30 days.
Entry Load
N/A
Stamp Duty
0.005%
Min. Investment
Rs. 500
Min. SIP
Rs. 100
Groww Nifty EV & New Age Automotive FoF Fund Review Asset Allocation
Instruments
Allocation Min
Allocation Max
Units of Groww NiftyEV & New Age Automotive ETF or similar ETF tracking the Nifty EV & New Age Automotive Index.
95%
100%
Debt & Money Market Instruments / and Units of debt/liquid schemes of domestic Mutual Funds.
0%
5%
Groww Nifty EV & New Age Automotive FoF Fund Sector Representation
Sector
Weightage
Automobile and Auto Components
71.37
Information Technology
11.52
Chemicals
8.24
Capital Goods
5.33
Oil, Gas & Consumable Fuels
3.49
Consumer Services
0.07
Investment Objective of the Scheme ?
The investment objective of the Scheme is to generate long term capital gains by investing in units of the Groww Nifty EV & New Age Automotive ETF or similar etf tracking the Nifty EV & New Age Automotive Index. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Groww Nifty EV & New Age Automotive FoF Fund Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 9.08 | 19.50 | 51.68 | 29.47 | 19.19 |
| Total Return | 9.11 | 19.62 | 52.78 | 30.73 | 20.33 |
Groww Nifty EV & New Age Automotive FoF Fund Review Manager Details
- Fund Manger : Mr. Abhishek Jain
- Qualification : BA, Chartered Accountant
- Experience : Mr Abhishek Jain has 12 years of experience in Equity Market. Prior to joining GMF he was associated with Edelweiss Tokio Life Insurance as a Senior Dealer. He has also worked in Acko General Insurance and Shriram Asset Management Co Ltd.
How Will The Scheme Allocate Its Assets?
- ADR/ GDR / Foreign Securities.
- Structured obligation/Credit enhancements.
- Securitized Debt.
- Repo in Corporate Debt Securities.
- Short selling.
- Credit default swap.
- Unrated Debt instruments.
- Fund of Fund Schemes.
Also Read: Motilal Oswal Nifty India Defence Index Fund Review
Fund Manager Manages the Scheme?
- Mr. Abhishek Jain
Groww Nifty EV & New Age Automotive FoF Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
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