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Groww MF launches Multicap Fund: Key details to know before investing in the NFO

Quality: Companies with strong governance and financial health. Growth: Scalable businesses benefiting from sectoral trends. Reasonable Price: Investments made at valuations with high potential for returns.
The article from CNBC TV18 discusses Groww Mutual Fund's launch of a new multicap fund scheme named "Groww Multicap Fund." This New Fund Offer (NFO) opened for subscription on February 15, 2024, and will close on February 29, 2024. The fund aims to invest across various market capitalizations, with a minimum allocation of 25% each in large-cap, mid-cap, and small-cap stocks, providing investors with a diversified equity portfolio. The scheme is managed by Anupam Tiwari and aims to offer long-term capital appreciation. It has a relatively low entry barrier with a minimum investment of Rs 500, and there is no entry load, but an exit load of 1% applies if units are redeemed within one year from the date of allotment. This fund is designed to cater to investors looking for a balanced exposure across different market segments, potentially reducing risk through diversification.

Read the Full cnbctv18 Article at [ https://www.cnbctv18.com/personal-finance/groww-mutual-fund-nfo-multicap-scheme-new-offer-details-allocation-exit-load-19514912.htm ]