Groww Mutual Fund has launched a new fund offer (NFO) — the Groww Nifty Midcap 150 Index Fund, based on the Nifty Midcap 150 Index.
This NFO is open for subscription until November 11, 2025. After that, it will be available for regular trading on or before November 25, 2025.
The fund is benchmarked against the Nifty Midcap 150 Index TRI, which means its performance will be compared with that index.
The fund is managed by Sashi Kumar, Nikhil Satam, and Akash Chauhan.
According to the fund’s Riskometer, it falls under the “Very High” risk category.
Where Will the Fund Invest?
The Groww Nifty Midcap 150 Index Fund will:
Invest 95%–100% of its total money in stocks of companies included in the Nifty Midcap 150 Index.
Invest the remaining 0%–5% in money market instruments, debt securities, or liquid funds.
Objective of the Fund
This is an open-ended scheme, meaning investors can buy or withdraw units at any time.
The fund aims to replicate the performance of the Nifty Midcap 150 Index – TRI by investing in the same companies and in the same proportions as the index.
The main goal is to achieve returns similar to the index, before deducting expenses. However, a small tracking error may occur, which means the fund’s returns might slightly differ from the index.
Overall, the objective is to generate long-term wealth for investors.
Minimum Investment Details
Minimum initial investment: ₹500
Additional investments: In multiples of ₹1
Minimum SIP amount: ₹500 per month (in multiples of ₹1)
Key Details at a Glance
| Feature | Details |
|---|---|
| Fund House | Groww Mutual Fund |
| Fund Name | Groww Nifty Midcap 150 Index Fund |
| Category | Midcap |
| Issue Open Date | October 28, 2025 |
| Issue Close Date | November 11, 2025 |
| Benchmark | Nifty Midcap 150 Index TRI |
| Lock-in Period | None |
| Exit Load | None |
| Riskometer | Very High |
| Minimum Investment | ₹500 |
