Upcoming NFO: Groww Nifty Next 50 Index Fund Set to Open on Aug 6

Groww Mutual Fund has unveiled the Groww Nifty Next 50 Index Fund, an open-ended index scheme designed to closely track the performance of the Nifty Next 50 Total Returns Index (TRI).

The New Fund Offer (NFO) window will be open from August 6 to August 20, providing investors a timely opportunity to participate.

This scheme focuses on investing in the 50 companies ranked immediately after the Nifty 50, selected based on free-float market capitalisation within the broader Nifty 100 universe. The underlying index is reviewed quarterly and follows a strict rules-based methodology to ensure consistent tracking.

The scheme aims to replicate the index's composition and weightage as accurately as possible. While the fund seeks to deliver returns before expenses in line with the index, it is important to note that the achievement of its investment objective is not guaranteed, and tracking errors may occur.

Key Scheme Features

• Fund Type: Open-ended Index Fund
• Benchmark: Nifty Next 50 TRI
• Minimum Investment: ₹500 (subsequent investments in multiples of ₹1)
• Exit Load: None
• Plan Options: Regular and Direct Plans with Growth and IDCW (Income Distribution cum Capital Withdrawal) options

The fund’s portfolio will be managed by experienced professionals Nikhil Satam, Aakash Chauhan, and Shashi Kumar.

To enhance precision and efficiency, the AMC will utilise its proprietary SPEARTech platform. This advanced system automates portfolio rebalancing and trade execution, helping to minimise tracking error and improve overall fund performance.

Also Read: Indian Mutual Fund Industry Crosses ₹74 Lakh Crore in AUM

About Nifty50 Index

The Nifty Next 50 Index comprises companies spanning various sectors and is designed to reduce concentration risk by distributing weight more evenly compared to the Nifty 50. According to NSE data, the index has delivered an impressive 10-year compound annual growth rate (CAGR) of approximately 14% as of July 21, 2025.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.