Groww Nifty EV & New Age Automotive ETF NFO: Review & Complete Analysis

Groww Nifty EV & New Age Automotive ETF - NFO New Fund Offers (NFOs) provide investors with an early opportunity to invest in innovative mutual funds. This article covers the Groww Nifty EV & New Age Automotive ETF, detailing its components and workings. Everything You Need to Know Fund Name: Groww Nifty EV & New Age Automotive ETF AMC: Groww Asset Management Limited Type: Open-ended scheme tracking the Nifty EV & New Age Automotive Index-TRI Investment Window: July 22 to August 02, 2024 Subscription Price: Rs. 500 and in multiples of Rs. 1 Exit Load: None Fund Overview Minimum Subscription: Rs. 500 Start Date: July 22, 2024 End Date: August 02, 2024 Allotment Date: Within 3 to 15 days after closure AUM: Rs. 724.37 Cr (as of January 2024) Expense Ratio: Not Available Short-term Capital Gains: Taxed as per tax slab if held for less than 3 years Long-term Capital Gains: 20% tax if held for more than 3 years How to Invest After NFO Closure Investors can invest through their Demat account at NAV-based prices after the allotment period by searching for "Groww Nifty EV & New Age Automotive ETF". Objective of the Fund The scheme aims to achieve capital appreciation by investing in securities of the Nifty EV & New Age Automotive Index in equal proportion to the index, aiming to offer returns before expenses that follow the index's total return. Asset Allocation Securities in Nifty EV & New Age Automotive Index: 95-100% Money Market Instruments/Debt Securities/Debt Liquid Units: 0-5% Peers Comparison No peer information available. This is a new scheme with no comparable past performance data. This scheme is suitable for investors aiming for long-term capital appreciation through investments in the EV and new age automotive sector. The scheme carries very high risk and has no past performance record. Investors should consider their financial goals, risk tolerance, and investment horizon before investing. Click Here to Apply & Know More About Groww Nifty EV & New Age Automotive ETF