myplexus

NFO Monitor

Fund Fact

Name of Funds:

Groww Nifty India Railways PSU Index

Opening:

16th January 2025

Closing:

30th January 2025

Minimum Investment:

Rs. 500 and in multiples of Re. 1/- thereafter

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Nil

Exit Load:

1% of NAV if units are redeemed within 30 days from the date of allotment

Fund Stats

Objective:

The investment objective of the Scheme is to generate long term capital growth by investing in securities of the Nifty India Railways PSU Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty India Railways PSU Index, subject to tracking errors.

Benchmark:

BSE PSU

Fund Manager:

Abhishek Jain

Asset Allocation

95-100% Equity upto 5% Money Market

upto 5% Debt Nil Others

Comparable existing schemes

Not Available	Not Available	Not Available
Not Available	Not Available	Not Available

Fund Prognosis

Idea Distiller

Wow. This is new!!! An umbrella fund covering not just railways but all associated companies.

Fund House AAUM:
Rs 167822.3 Lakhs(as on 31st December, 2024)
Fund Manager:
Experience of above 12 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

Very oomphy, because it’s the first of its kind. But otherwise, it is a very high risk game and seems a bit illogical to me. But yet!!!!

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