Groww Banking & Financial Services Fund NFO: Everything you need to know

18 Jan 2024 , 03:30 PM

Groww Mutual Fund is launching NFO under its “Sectoral category”, named as Groww Banking & Financial Services Fund. The investment objective of the scheme is to provide long-term capital appreciation by investing in companies engaged in the financial services sector.

Investment strategy: There will be no style or market cap bias in the investment strategy. The Scheme shall aim to adapt and invest according to market conditions and sub-sectors within BFSI. The investment horizon of the investments will be 5+ years.

Asset allocation: The Scheme is an equity scheme investing in banking and financial services related sectors.

Who should invest?

Investors with very high risk appetite and want to invest for 5 to 7 years to diversify their portfolio in companies engaged in the financial services should invest in Groww Banking & Financial Services Fund.

Risk associated: Very high level of risk.

Benchmark: Nifty Financial Services – Total Return Index.

Fund Managers: Mr Anupam Tiwari.

The NFO is available for subscription from January 17 to January 31. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 500/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Groww Banking & Financial Services Fund.