Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 23-12-2024
₹ 9.07
1D
Inception Returns
/yr
About Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth is an equity fund. This fund was started on 12 August, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has ₹110 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has given a CAGR return of -8.70% since inception.
Holdings
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Tech, Basic Materials, Industrial, Energy. Its top holdings are Groww Nifty EV & New Age Automotive ETF
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
The investment objective of the Scheme is to generate long term capital gains by investing in units of the Groww Nifty EV & New Age Automotive. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has no lock in period.
Historical NAV & Returns
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth Overview
| Expense ratio | 0.19% |
Benchmark | Nifty EV & New Age Automotive |
| AUM | ₹110 Cr |
| Inception Date | 12 August, 2024 |
| Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (31-Dec-69)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Groww Nifty EV & New Age Automotive ETF | 100.05% | 16.4% |
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth Highlights
Very High Risk
Fund Allocations
AUM size ₹110 Cr
Expense Ratio 0.19%
Frequently Asked Questions for Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.45% | -1.45% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
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Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
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