May 2, 2024
mayank
Groww Nifty Non-Cyclical Consumer Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Groww Nifty Non-Cyclical Consumer Index Fund Open Date, Close Date?
NFO opens on May 02, 2024
NFO will close on May 16, 2024
What is the Investment Strategy?
The Scheme seeks to generate long term capital growth by investing in securities of the Nifty Non-Cyclical Consumer Index (TRI) in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Non-Cyclical Consumer Index, subject to tracking errors.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 02 May 2024 |
| Issue Close | 16 May 2024 |
| Type | Open-ended |
| Category | Equity: Thematic-Consumption |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 30 days |
| Riskometer | Very High |
| Benchmark | Nifty Non-Cyclical Consumer TRI |
What is the Benchmark Index?
The Nifty Non-Cyclical Consumer Index aims to track the performance of portfolio of stocks that broadly represent the Non Cyclical Consumer theme within the basic industries like Consumer Goods, Consumer Services, Telecom, Services, Media, Entertainment, Publication, Textiles sectors etc. The largest 30 stocks from eligible basic industries are chosen based on their 6-month average freefloat market capitalization as on the cutoff dates at the end of January and July. The weight of the stocks in the index is based on their free-float market capitalization with weight of a stock in the index capped at 10%.
The index can be used for a variety of purposes such as benchmarking, creation of index funds, ETFs and structured products.
Index Variant: Nifty Non-Cyclical Consumer Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 2.89 | 5.71 | 35.72 | 17.33 | 15.00 |
| Total Return | 2.89 | 5.90 | 36.70 | 18.50 | 16.31 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 9.96 | 16.39 | 18.92 |
| Beta (NIFTY 50) | 0.72 | 0.72 | 0.77 |
| Correlation (NIFTY 50) | 0.72 | 0.84 | 0.87 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 62.26 | 12.0 | 0.85 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Bharti Airtel Ltd | 10.26 |
| ITC Ltd. | 9.75 |
| Hindustan Unilever Ltd. | 9.48 |
| Titan Company Ltd. | 7.39 |
| Asian Paints Ltd. | 6.40 |
| Zomato Ltd. | 5.55 |
| Trent Ltd. | 4.80 |
| Nestle India Ltd. | 4.41 |
| Varun Beverages Ltd. | 3.51 |
| Tata Consumer Products Ltd. | 3.44 |
Study about Benchmark Index in details
Nifty Non-Cyclical Consumer whitepaper_V2
Performance Review of the Fund Manager of Groww Nifty Non-Cyclical Consumer Index Fund?
1) Abhishek Jain
Education: Mr. Jain has done BA, CA
Experience: Prior to joining Groww MF he was associated with Edelweiss Tokio Life Insurance, Acko General Insurance and Shriram Asset Management Co Ltd.
Past Performance of his Schemes
| Fund | Groww Nifty Smallcap 250 Index Fund | It’s Benchmark |
| 1 Year | — | — |
| 3 Year | — | — |
| 5 Year | — | — |
| 7 Year | — | — |
| 10 Year | — | — |
As on 02-5-2024
Which Company Owns Groww Nifty Non-Cyclical Consumer Index Fund?
Groww Asset Management Limited
Address: Floor 12 A, Tower 2 A, One World Centre, Jupiter Mills Compound Senapati Bapat Marg, Mumbai – 400013
Website: http://growwmf.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Groww Nifty Non-Cyclical Consumer Index NFO?
Guidance for Groww Nifty Non-Cyclical Consumer Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
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