What is the Groww Nifty Next 50 Index Fund?
Groww Nifty Next 50 Index Fund is an index fund that seeks to provide exposure to large-cap companies
that represent the next rung of market leaders after the Nifty 50. The scheme aims to track the Nifty
Next 50 Index – TRI, which includes companies across sectors such as industrials, consumer goods,
healthcare, power, financial services, and more.
About the Nifty Next 50 Index
The Nifty Next 50 Index comprises 50 companies that are part of the Nifty 100 but not included in the Nifty 50. These companies are selected based on free-float market capitalization, liquidity, and trading frequency. The index aims to reflect India’s evolving large-cap space and is reviewed semi-annually to account for market shifts and emerging players.
(source: https://growwmf.in/)
Groww Nifty Next 50 Index Fund NFO Details:
| Mutual Fund | Groww Mutual Fund |
| Scheme Name | Groww Nifty Next 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 Next 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Next 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 | 06-Aug-2025 |
| New Fund Earliest Closure Date | 20-Aug-2025 |
| New Fund Offer Closure Date | 20-Aug-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/)
Groww Nifty Next 50 Index Fund NFO
Application Form
(source: https://growwmf.in/)
Investment objective
The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Next 50 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Next 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 Next 50 Index – TRI
Type of Scheme
An open-ended scheme tracking the Nifty Next 50 Index – TRI
Groww Nifty Next 50 Index Fund NFO Riskometer:
(source: https://growwmf.in/)