Groww Nifty Total Market Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 20-12-2024
₹ 13.33
1D
Inception Returns
28.1%
/yr
About Groww Nifty Total Market Index Fund Direct Growth
Groww Nifty Total Market Index Fund Direct Growth is an equity fund. This fund was started on 23 October, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Groww Nifty Total Market Index Fund Direct Growth has ₹255 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Groww Nifty Total Market Index Fund Direct Growth has given a CAGR return of 28.13% since inception. Over the last 1 year the fund has given a CAGR return of 19.91%.
Holdings
Groww Nifty Total Market Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Consumer Defensive, Energy, Health, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd
Taxation
As it is a index funds 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 Total Market Index Fund Direct Growth
The investment objective of the scheme is to achieve a return equivalent to the NiftyTotal Market Index-TRI subject to tracking error. This index is diversified throughout the Indian market across sectors and market caps and aims to benefit from India’s economic growth.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. Groww Nifty Total Market Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Groww Nifty Total Market Index Fund Direct Growth Overview
| Expense ratio | 0.3% |
Benchmark | Nifty Total Market TR INR |
| AUM | ₹255 Cr |
| Inception Date | 23 October, 2023 |
| Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 40.28% |
| 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 |
Fund Distribution
as on (30-Nov-24)
- This fund’s returns stands at 0.06% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.71% as on Nov'24
- This fund outperformed Nifty 50 by 0.77% in Nov'24
- AUM of the fund stands at 241.1 Cr as of Nov'24
- AUM increased by 0.3 Cr between Nov'24 and Oct'24
Top 3 Sectors in November were Financial Services, Industrial & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.06% | 5.9% | |
 ICICI Bank Ltd | 4.75% | 5.9% | |
 Reliance Industries Ltd | 4.54% | 5.9% | |
 Infosys Ltd | 3.47% | 5.9% | |
 ITC Ltd | 2.3% | 5.9% |
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 6.1% |
 Tata Consultancy Services Ltd | 4.9% |
 HDFC Bank Ltd | 3% |
Groww Nifty Total Market Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹255 Cr
Expense Ratio 0.3%
Frequently Asked Questions for Groww Nifty Total Market Index Fund Direct Growth
Groww Nifty Total Market Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.59% | 1.59% |
6 Month Returns | 0.62% | 0.62% |
1 Year Returns | 19.91% | 19.91% |
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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww Nifty Total Market Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww Nifty Total Market Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww Nifty Total Market Index Fund Direct Growth | 1.42 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww Nifty Total Market Index Fund Direct Growth | 12.58 | - | - |