Equity
Direct
Equity - Other
NAV as on 04-12-2024
₹ 9.57
▲0.1%
1D
Inception Returns
/yr
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth is an equity fund. This fund was started on 12 August, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has given a CAGR return of -4.33% since inception.
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Cyclical, Tech, Industrial, Basic Materials, Energy. Its top holdings are Groww Nifty EV & New Age Automotive ETF
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
The investment objective of the Scheme is to generate long term capital gains by investing in units of the Groww Nifty EV & New Age Automotive. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth has no lock in period.
Expense ratio | 0.19% |
Benchmark | Nifty EV & New Age Automotive |
AUM | ₹103 Cr |
Inception Date | 12 August, 2024 |
Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 0% |
STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (04-Dec-24)
as on (31-Dec-69)
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.5% | -0.5% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww Nifty EV & New Age Automotive ETF FoF Fund Direct Growth | - | - | - |