What is the Groww Nifty 50 Index Fund?
Groww Nifty 50 Index Fund is an index fund that seeks to provide exposure to large-cap companies that form a key part of India’s equity markets. The scheme aims to track the Nifty 50 Index – TRI, which includes companies from sectors such as financial services, information technology, energy, FMCG, telecom etc¹.
About the Nifty 50 Index
The Nifty 50 Index consists of 50 large-cap companies selected from the Nifty 100. These companies are chosen based on free-float market capitalization, trading frequency, and eligibility for derivatives. The index is constructed to reflect the evolving nature of India’s corporate sector and is reviewed twice a year2.
(source: growwmf.in)
Groww Nifty 50 Index Fund NFO Details:
| Mutual Fund | Groww Mutual Fund |
| Scheme Name | Groww Nifty 50 Index Fund |
| Objective of Scheme | The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty 50 Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Index Funds |
| New Fund Launch Date | 02-Jul-2025 |
| New Fund Earliest Closure Date | 16-Jul-2025 |
| New Fund Offer Closure Date | 16-Jul-2025 |
| Indicate Load Seperately | Nil |
| Minimum Subscription Amount | Rs. 500 and in multiples of Re. 1 |
| For Further Details Please Visit Website | https://www.growwmf.in |
(source: https://www.amfiindia.com/)
SPEARTech-enabled portfolio execution
Groww Mutual Fund seeks to implement index strategies through its proprietary high-frequency rebalancing system, SPEARTech. This in-house capability aims to help maintain alignment with the index while controlling tracking error.
Investment objective
The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty 50 Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Fund benchmark
Nifty 50 Index – TRI
Type of Scheme An open-ended scheme tracking the Nifty 50 Index – TRI
(source: growwmf.in)
Groww Nifty 50 Index Fund NFO
Application Form
Scheme Documents
(source: growwmf.in)
Groww Nifty 50 Index Fund NFO Riskometer:
