February 23, 2024
mayank
Groww Nifty Smallcap 250 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 Smallcap 250 Index Fund Open Date, Close Date?
NFO opens on February 09, 2024
NFO will close on February 23, 2024
What is the Investment Strategy?
The Scheme seeks to investment return that corresponds to the performance of Nifty Smallcap 250 Total Return Index subject to tracking error.
Basic Details of Groww Nifty Smallcap 250 Index Fund?
| Fund House | Groww Mutual Fund |
| Issue Open | 09 February 2024 |
| Issue Close | 23 February 2024 |
| Type | Open-ended |
| Category | Equity: Small Cap |
| Min. Investment(Rs) | 500 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | NIFTY Smallcap 250 TRI |
What is the Benchmark Index?
Nifty Smallcap 250 represents the balance 250 companies (companies ranked 251-500) from Nifty 500. This index intends to measure the performance of small market capitalisation companies.
Nifty Smallcap 250 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base market capitalization value.
Nifty Smallcap 250 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty Smallcap 250 Total Returns Index
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 7.28 | 7.28 | 62.64 | 24.57 | 15.48 |
| Total Return | 7.30 | 7.30 | 63.75 | 25.76 | 16.89 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 12.95 | 19.79 | 21.71 |
| Beta (NIFTY 50) | 0.80 | 0.81 | 0.79 |
| Correlation (NIFTY 50) | 0.63 | 0.78 | 0.78 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 28.76 | 3.89 | 0.83 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Suzlon Energy Ltd. | 3.11 |
| BSE Ltd. | 2.06 |
| KEI Industries Ltd. | 1.17 |
| Multi Commodity Exchange of India Ltd. | 1.14 |
| Angel One Ltd. | 1.10 |
| Cyient Ltd. | 1.09 |
| IDFC Ltd. | 1.04 |
| Central Depository Services (India) Ltd. | 1.03 |
| RBL Bank Ltd. | 1.02 |
| Karur Vysya Bank Ltd. | 1.01 |
Performance Review of the Fund Manager of Groww Nifty Smallcap 250 Index Fund?
1) Abhishek Jain
Education: NIL
Experience: NIL
Past Performance of his Schemes
Which Company Owns Groww Nifty Smallcap 250 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: www.karvymfs.com
Is it good to invest in Groww Nifty Smallcap 250 Index NFO?
Guidance for Groww Nifty Smallcap 250 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
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