Groww Mutual Fund has introduced the Groww Multicap Fund, an open-ended equity scheme, aiming to capture growth across large-cap, mid-cap, and small-cap stocks.
The fund’s New Fund Offer (NFO) opened for subscription on November 26 and will close on December 10, 2024.
“As the nation advances to become the world’s third-largest economy by 2027, a unique combination of demographic strength, infrastructure investment, and digital transformation is driving growth across industries and market capitalizations. This evolution is not confined to large, established corporations; it extends to mid- and small-cap enterprises, creating a multifaceted landscape ripe with investment opportunities,” Groww Mutual Fund said in a statement.
Also Read Mutual Fund SIP Investment: Should you revisit your SIP contributions amid market volatility? Direct Stocks vs Mutual Funds: Which is the best option for your portfolio? Mutual Fund: THIS multi-asset fund turns Rs 10 lakh into over Rs 7 crore in 22 years; Rs 10000 SIP into Rs 2.9 crore When to sell your mutual fund? Here’s how to decide
The multicap approach leverages opportunities across large, mid, and small caps, each contributing uniquely to India’s economic landscape.
Also read: Kotak Mutual Fund launches NFO focused on transportation, logistics – Check minimum investment, fund objective
This structure makes multicap funds one of the most efficient ways to diversify a portfolio. 3Large caps include industries such as financial services, FMCG, pharmaceuticals, and automobiles, which align with macroeconomic trends and represent established market leaders.
Mid caps include sectors like logistics, financial technology, healthcare analytics, and industrial gases, reflecting growth driven by domestic demand and technological advancements. Small caps focus on niche areas such as speciality chemicals, ceramics, and BPO services, benefiting from initiatives like “Make in India” and the PLI scheme.
Varun Gupta, CEO of Groww Mutual Fund, stated: “India’s growth story is unparalleled in scale and diversity, presenting opportunities across sectors and market capitalizations. The Groww Multicap Fund aims to provide investors with a structured way to participate in this transformative journey. By focusing on diversification and adhering to our Quality & Growth at a Reasonable Price (Q-GaRP) philosophy, we aim to help investors navigate the complexities of an evolving economy while fostering long-term wealth creation.”
» Read More
