NFO Insight: Groww Nifty India Railways PSU Index Fund & ETF opens for subscription. Should you invest before budget?
Groww Mutual Fund's New Fund Offer of Groww Nifty India Railways PSU Index Fund, Groww Nifty India Railways PSU ETF are open for subscription and will close for subscription on January 30. The schemes will be benchmarked against the Nifty India Railways PSU Index – TRI and will be managed by Abhishek Jain.
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Groww Nifty India Railways PSU Index Fund will focus on minimizing tracking error through portfolio rebalancing, considering changes in stock weights within the index and the incremental collections/redemptions from the scheme.
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Groww Nifty India Railways PSU ETF will involve investing in a basket of securities forming part of the Nifty India Railways PSU Index in similar weight proportions. The strategy will focus on reducing tracking error through regular portfolio rebalancing, considering changes in stock weights within the Index and the incremental collections/redemptions in the scheme.
These schemes are suitable for investors seeking long-term capital appreciation and looking to invest in the equity and equity-related instruments of the Nifty India Railways PSU Index, according to the scheme information documents.
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