NFO Alert: Groww Mutual Fund launches Groww Nifty Non-Cyclical Consumer Index Fund; all you need to know
Groww said, "The Groww Nifty Non-Cyclical Index fund is India’s first index fund, which enables people to invest in the top stocks from consumer industries such as FMCG, Textiles, etc., These companies manufacture items we need in our daily lives and tend to be slightly more insulated from economic cycles and therefore are seen as non-cyclical sectors." Investors can invest under the scheme with a minimum investment of ₹500 per plan/ option and in multiples of Re 1. There is no upper limit for investment. Under normal circumstances, the asset allocation (% of net assets) of the scheme’s portfolio will be as follows: Debt and Money Market Instruments: The scheme will invest in debt and money market instruments.
It retains the flexibility to invest across all the securities in the debt and money markets. Debt securities and money market instruments will include but will not be limited to: A. Securities created and issued by the central and state governments as may be permitted by RBI (including but not limited to coupon-bearing bonds, zero-coupon bonds, and treasury bills).
B. Securities guaranteed by the central and state governments (including but not limited to coupon bearing bonds, zero coupon bonds, and treasury bills). C.
Debt securities of domestic government agencies and statutory bodies, which may or may not carry a Central/State Government guarantee. D. Corporate debt (of both public and private sector undertakings).
Money market instruments permitted by SEBI/RBI or in alternative investment for the call money market that may be provided by the RBI to meet the liquidity requirements. E. Certificate of Deposits (CDs).
F. Commercial Paper (CPs). A part of the net assets may be invested in the Collateralized
. Read more on livemint.com
