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Groww Mutual Fund announced the launch of the Groww Nifty Non-Cyclical Consumer Index Fund. The scheme opened for public subscription on May 02, 2024, and will close on May 16, 2024.
Axis Mutual Fund announced the launch of the Axis Nifty Bank Index Fund. The scheme opened for public subscription on May 03, 2024, and will close on May 17, 2024.
The NFO is expected to go live in the first week of May. The fund will be Indias first non-cyclical index fund, said the press release.
Investors must consider a broader set of factors to make informed decisions
The scheme will be benchmarked against S&P BSE 500 TRI. The scheme will be managed by Ramesh Mantri, Trupti Agrawal, Dheeresh Pathak, Piyush Baranwal, and Shariq Merchant(overseas investments).