Groww Nifty EV & New Age Automotive FoF Fund Review

Groww Nifty EV & New Age Automotive FoF Fund

Groww Nifty EV & New Age Automotive FoF Fund ReviewGroww Nifty EV & New Age Automotive FoF Fund Direct NFO Open on [.] 2024 and Close on [.] 2024. Groww Nifty EV & New Age Automotive FoF Fund Direct NFO Allotment Date is [.] 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount  is ₹[.]. The Minimum SIP Investment Amount is ₹[.].

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 [.] 2024
Allotment Date [.] 2024
Close Date [.] 2024
Category Fund of Fund –Domestic (FOF)
Min Inv ₹ [.]
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?

  1. 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

Groww Nifty EV & New Age Automotive FoF Fund Form Download

https://www.sebi.gov.in/filings/mutual-funds/jun-2024/groww-nifty-ev-and-new-age-automotive-etf-fof_84386.html

 

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