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FAQ : Groww Nifty Next 50 Index Fund - Growth - Direct Plan

Groww Nifty Next 50 Index Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) N/A N/A N/A N/A
Average Rolling Returns(%) N/A N/A N/A N/A

The Current NAV of Groww Nifty Next 50 Index Fund - Growth - Direct Plan is ₹9.93.

It is better to invest in a fund with a longer track record as Groww Nifty Next 50 Index Fund - Growth - Direct Plan cannot be assessed for consistency of out-performance. However, funds returns unlikely to be different than its benchmark NIFTY NEXT 50, as the Funds portfolio is similar to its benchmark.

Groww Nifty Next 50 Index Fund - Growth - Direct Plan fund’s expense ratio is 0.30%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of Groww Nifty Next 50 Index Fund - Growth - Direct Plan is currently ₹7 Crores.

The Top three stocks are Vedanta, Tata Motors and TVS Motor and account for 13% of its portfolio. Top 5 and 10 stocks of fund account for 19% and 34% of fund’s portfolio respectively.

Top three sectors of Groww Nifty Next 50 Index Fund - Growth - Direct Plan fund are BFSI, Auto and Construction & Infrastructure accounting for 50% of the total portfolio.

Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a Index Funds - Nifty Next 50 it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Groww Nifty Next 50 Index Fund - Growth - Direct Plan Fund is Index Funds - Nifty Next 50.

Aakash Chauhan and Nikhil Satam manage the Groww Nifty Next 50 Index Fund - Growth - Direct Plan Fund.

Groww Nifty Next 50 Index Fund - Growth - Direct Plan current PE ratio is 35.47 and PB ratio is 7.14

The asset allocation of Groww Nifty Next 50 Index Fund - Growth - Direct Plan is Stocks : 99.59%, Debt : 0.40% and Gold : 0%

The minimum SIP amount for Groww Nifty Next 50 Index Fund - Growth - Direct Plan is ₹500.00 and minimum lumpsum is ₹500.00

The exit load for Groww Nifty Next 50 Index Fund - Growth - Direct Plan is NIL

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