Financial News

  🌐 Groww Nifty India Internet ETF FoF NFO: A Gateway to India’s Digital Revolution         What’s Inside the NFO? Launch Dates: Opens June 13, 2025 and closes June 27, 2025  . Minimum Investment: ₹ 500; no exit load  . Offer Price: Units offered at ₹ 10 during NFO  . Scheme Type: Fund of Funds (FoF) investing in Groww Nifty India Internet ETF (‘the ETF’)  . Fund Managers: Nikhil Satam, Aakash Chauhan & Shashi Kumar  . Investment Objective The scheme aims for long-term capital growth by mirror‑investing at least 95% in the ETF, which itself replicates the Nifty India Internet Index – TRI  . Assets not invested in the ETF may be directed to debt or money market instruments (up to 5%) . Why the Internet Index? 21 companies across e‑commerce, fintech, digital travel, stockbroking, online media, etc.  . Index is market‑cap weighted (capped at 20% per stock), rebalanced quarterly and reconstituted s...

  🏥 Overview & Theme Type: Open‑ended, thematic equity fund focusing primarily on healthcare and wellness sectors, including pharmaceuticals, biotech, hospitals, diagnostics, nutrition, fitness, and related services    Objective: To provide long-term capital appreciation by investing at least 80% in equity and equity-linked instruments of companies in the pharma and healthcare sector—benchmarking against the BSE Healthcare Total Return Index    📅 NFO Timelines NFO Opens: June 9, 2025    NFO Closes: June 23, 2025    Allotment Date: Around June 27, 2025    Scheme Reopens: Approximately 5 business days post-NFO allotment    💸 Investment Terms Minimum Subscription: Lumpsum: ₹1,000 (and multiples of ₹1)    SIP: ₹500 per installment (daily/weekly/monthly), or ₹1,500 per quarter    Allocation: 80–100% in pharma & healthcare equity 0–20% in other equities or equity-related instruments Up to 20% in...