Groww Nifty Non Cyclical Consumer Index Fund Direct Growth

Groww Nifty Non Cyclical Consumer Index Fund Direct Growth is an equity fund. This fund was started on 22 May, 2024. The fund is managed by Nikhil Satam, Aakash Chauhan, Shashi Kumar. The fund could potentially beat inflation in the long-run.

1. Groww Nifty Non Cyclical Consumer Index Fund Direct Growth has ₹50 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.4.
   

Groww Nifty Non Cyclical Consumer Index Fund Direct Growth has given a CAGR return of 9.06% since inception. Over the last 1 year the fund has given a CAGR return of -3.82%.

Groww Nifty Non Cyclical Consumer Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Defensive, Consumer Cyclical, Communication, Industrial, Basic Materials, Tech. Its top holdings are ITC Ltd, Bharti Airtel Ltd, Hindustan Unilever Ltd, Eternal Ltd, Titan Co 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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The investment objective of the Scheme is 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. 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 500.00. Groww Nifty Non Cyclical Consumer Index Fund Direct Growth has no lock in period.