Groww Nifty 500 Momentum 50 ETF FOF Fund Direct Growth

Groww Nifty 500 Momentum 50 ETF FOF Fund Direct Growth is a hybrid fund. This fund was started on 24 April, 2025. The fund is managed by . This fund gives you the benefit of diversification.

1. Groww Nifty 500 Momentum 50 ETF FOF Fund Direct Growth has ₹6 Cr worth of assets under management (AUM) as on Jun 2025 and is more than category average.
2. The fund has an expense ratio 0.2.
   

Groww Nifty 500 Momentum 50 ETF FOF Fund Direct Growth has given a CAGR return of 0.00% since inception.

Groww Nifty 500 Momentum 50 ETF FOF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Tech, Health, Financial Services, Basic Materials, Industrial, Consumer Defensive, Communication, Energy, Real Estate.

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

The investment objective of the Scheme is to generate long-term capital growth by investing in units of the Groww Nifty 500 Momentum 50 ETF

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Groww Nifty 500 Momentum 50 ETF FOF Fund Direct Growth has no lock in period.