Groww Mutual Fund has introduced the Groww Multicap Fund, an open-ended equity scheme designed to capitalise on India’s economic growth across large, mid, and small-cap stocks.

The scheme’s New Fund Offer (NFO) is open for subscription from November 26 to December 10, 2024.

India’s rapidly expanding economy, with a projected GDP growth from $4 trillion to $10 trillion by FY2032, presents diverse investment opportunities.

These include booming sectors like infrastructure, digital transformation, export growth, and premium consumption, which are creating a multifaceted investment landscape.

Investment strategy

The Groww Multicap Fund seeks to harness this growth by investing across different market capitalisations:

Large caps: Includes sectors like financial services, FMCG, and pharmaceuticals.

Mid caps: Focuses on industries such as logistics, fintech, and healthcare.

Small caps: Targets niche areas like specialty chemicals and precision manufacturing.

Varun Gupta, CEO of Groww Mutual Fund, highlighted, “India’s growth story offers vast potential across sectors and market sizes. Our fund focuses on diversification, offering investors a way to benefit from this transformative journey.”

The fund follows the Quality & Growth at a Reasonable Price (Q-GaRP) philosophy, focusing on:

• 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.

Fund highlights

Portfolio Allocation: 25% each in large, mid, and small-cap stocks, with 25% allocated dynamically.

Benchmark: Nifty 500 Multicap 50:25:25 Index – TRI

Minimum Investment: ₹100, with additional investments in multiples of ₹1.

Exit Load: 1% for redemption within a year, NIL thereafter.