New Fund Offer Updates

Company  Groww Asset Management Limited
Scheme Name  Groww Nifty Private Bank Index Fund(G)-Direct Plan
Scheme Type  Open ended scheme
Theme  
Benchmark Index  Nifty Private Bank - TRI
Fund Manager  Nikhil Satam , Aakash Chauhan
Category  Index Funds - Other
Initial Offer Price ()  10
Minimum Investment ()  500
Additional Investment ()  500
Objective  The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Private Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Private Bank Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Max Entry Load%:  
Max Exit Load%:  0
Option Type  Growth, IDCW

Investment Pattern

TypeMinMax
Constituents of Nifty Private Bank Index95100
Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic MF05

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RISK DISCLOSURES ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

Source:

1. SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.