Equity
Direct
Index Funds
NAV as on 03-12-2024
₹ 13.75
▲0.7%
1D
Inception Returns
32.2%
/yr
Groww Nifty Total Market Index Fund Direct Growth is an equity fund. This fund was started on 23 October, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
Groww Nifty Total Market Index Fund Direct Growth has given a CAGR return of 32.18% since inception. Over the last 1 year the fund has given a CAGR return of 26.73%.
Groww Nifty Total Market Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Energy, Consumer Defensive, Health, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd
As it is a index funds 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 achieve a return equivalent to the NiftyTotal Market Index-TRI subject to tracking error. This index is diversified throughout the Indian market across sectors and market caps and aims to benefit from India’s economic growth.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Groww Nifty Total Market Index Fund Direct Growth has no lock in period.
Expense ratio | 0.3% |
Benchmark | Nifty Total Market TR INR |
AUM | ₹241 Cr |
Inception Date | 23 October, 2023 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.2% |
Lock In | No Lock-in |
TurnOver | 40.28% |
STCG | Redeeming 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 (31-Oct-24)
Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical
Groww Nifty Total Market Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.72% | 0.72% |
6 Month Returns | 9.01% | 9.01% |
1 Year Returns | 26.73% | 26.73% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Groww Nifty Total Market Index Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Groww Nifty Total Market Index Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Groww Nifty Total Market Index Fund Direct Growth | 1.42 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Groww Nifty Total Market Index Fund Direct Growth | 12.58 | - | - |