Groww Mutual Fund launches two passive schemes

Groww Mutual Fund has introduced two new passive investment options—Groww Nifty 200 ETF and Groww Nifty 200 ETF FOF. The new fund offer (NFO) opens on Friday, February 7, and closes on February 21, 2025.
The schemes will reopen for continuous sale and repurchase on or before March 10.

Fund details
Groww Nifty 200 ETF: An open-ended exchange-traded fund (ETF) that tracks the Nifty 200 Index - TRI.
Groww Nifty 200 ETF FOF: A fund-of-fund (FOF) scheme that invests in units of the Groww Nifty 200 ETF.
Both funds aim to deliver long-term capital growth by mirroring the Nifty 200 Index.
The schemes are benchmarked against the Nifty 200 Index TRI and will be managed by Abhishek Jain.