CLOSED
NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%NIFTY 5022,453.30+0.98%SENSEX74,235.62+1.24%BANK NIFTY48,892.15+1.45%NIFTY IT35,124.80-0.52%NIFTY MIDCAP52,487.25+0.87%
MF—Direct · IDCW

Groww Nifty Private Bank Index Fund - IDCW - Direct Plan

Index Funds - OtherIndex Funds - OtherBenchmark: Nifty Private Bank - TRI
NAV · 16 Sep 2026₹10.17+0.79%
AUM₹6 Crfrom this fund's primary plan
Expense Ratio1.59%
CAGR—
Exit LoadNIL
Min SIP₹500from this fund's primary plan
Launched2026

Investment Objective

The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty Private Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Private Bank Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Fund Mandate

Constituents of Nifty Private Bank Index95%–100%
Money market instruments / debt securities, Instruments and/or units of debt/liquid schemes of domestic MF0%–5%
Fund Managers
NS
Nikhil Satam
Fund Manager
Key Information
1.59%
₹500from this fund's primary plan
₹500
NIL
Nil
Inception25 May 2026
AMC—
Top Holdings

Portfolio holdings not disclosed for this fund yet.

On This Page
NAV growthTop holdings
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Trailing Returns
PeriodReturns
1 Day+0.79%
1 Week-1.49%
1 Month-0.71%
3 Months-2.33%
+0.86%
Risk Metrics

Risk metrics are not available for this fund.

Fees
1.59%
NIL
Nil
₹500from this fund's primary plan
₹500
Capital Gains Tax, general rules

This is an equity-oriented fund. Under rules effective since Budget 2024 (23 July 2024):

Short-Term Capital Gains (held ≤ 12 months): taxed at a flat 20%.

Long-Term Capital Gains (held > 12 months): taxed at 12.5% on gains above ₹1.25 lakh in a financial year, with no indexation benefit.

General information only, not tax advice, actual liability depends on your overall income and applicable law at the time of redemption. Consult a tax advisor for your specific situation.

Frequently Asked QuestionsGeneral mutual-fund FAQs, not specific to this scheme