Groww Nifty Non-Cyclical Consumer Index Fund
Index
Very High Risk
Launch date
02 May 2024
End date
16 May 2024
Allotment date
on or before 24th May
NAV
₹10.00
What is Nifty Non-Cyclical Consumer Index*?
Index Description
The Nifty Non-Cyclical Consumer Index aims to track the performance of a portfolio of stocks representing the Non-Cyclical Consumer theme within various basic industries.
Composition
The index includes stocks from sectors such as Consumer Goods, Consumer Services, Telecom, Services, Media, Entertainment, Publication, Textiles, etc. The selection process involves choosing nearly largest 30 stocks from eligible basic industries.
Stock Selection Criteria
Stocks are chosen based on their 6-month average free-float market capitalization. Selection occurs at the end of January and July.
Weighting Method
The weight of each stock in the index is determined by its free-float market capitalization. The weight of any individual stock is capped at 10% to ensure diversification.
Some of the Benefits of Groww Nifty Non-Cyclical Consumer Index Fund
Seeks to give access to ~30 largest consumer brands of India
The fund tracking, the Nifty Non-Cyclical consumer Index, aims to give you access to around 30 largest stocks belonging to the consumer theme ; good and services we use daily regardless of economic conditions.**
Performance during market volatility
Data shows historically how the index has performed during times of market volatility, that is in periods when the market has gone down. Infact, during 11 market corrections, the Non-Cyclical Index outperformed the Nifty 50 Index 9 times!#
Performance compared to Nifty 50
Data also shows Nifty Non-Cyclical Consumer Index has also performed in comparison to Nifty 50 over 1, 3, 5, 10 and even 15 year time frames.^
Who should invest?
Investors looking to invest in top non-cyclical
consumer companies in India
Investors with long-term investment
horizon^^
Minimum investment amounts
Minimum SIP investment
₹100
Minimum Lumpsum investment
₹500
Expense ratio, exit load and tax
Unit Price
Unit Price ₹10.00 during the time of NFO
Total Expense ratio:
upto 1.00%
Exit load
• In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed/switched-out within 30 days from the date of allotment.
• No Exit Load is payable if units are redeemed / switched-out after 30 days from the date of allotment.
• No Entry / Exit Load shall be levied on Units allotted on Re-investment of Income Distribution cum Capital Withdrawal.
• In respect of Systematic Transactions such as SIP, STP, etc. Exit Load, if any, prevailing on the date of registration / enrolment shall be levied.
Stamp duty on investment: 0.005%
from July 1st 2020
Tax implication:
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Fund management
Abhishek JainMay 2024 - PresentView details
Abhishek Jain
May 2024
- Present
View details
About
Mr Abhishek Jain has 12 years of experience in Equity Market. Prior to joining GMF he was associated with Edelweiss Tokio Life Insurance as a Senior Dealer. He has also worked in Acko General Insurance and Shriram Asset Management Co Ltd.
Investment objective
The investment objective of the Scheme is to generate long term capital growth by investing in securities of the Nifty Non-Cyclical Consumer Index (TRI) in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Non-Cyclical Consumer Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Fund benchmark
Nifty Non-Cyclical Consumer Index - TRI
Type of Scheme
An open-ended scheme replicating/ tracking Nifty Non-Cyclical Consumer Index (TRI)
Riskometer
This product is suitable for investors who are seeking*
• Long-term capital appreciation
• Investment in equity and equity related instruments of Nifty Non-Cyclical Consumer Index
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Scheme Riskometer
Investors understand that thier principal will be at Very High Risk
Benchmark Riskometer - Nifty Non-Cyclical Consumer Index - TRI
The Benchmark is at Very High Risk
*The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.
Downloads
SID - Groww Nifty Non-Cyclical Consumer Index Fund
KIM - Groww Nifty Non-Cyclical Consumer Index Fund
Brochure - Groww Nifty Non-Cyclical Consumer Index Fund
Presentation - Groww Nifty Non-Cyclical Consumer Index Fund
Disclaimer
Groww Asset Management Limited (formerly known as Indiabulls Asset Management Company Limited) Investment Manager to Groww Mutual Fund (formerly known as Indiabulls Mutual Fund) vide SEBI letter dated May 30, 2023 received the approval for change in name of Indiabulls Mutual Fund to Groww Mutual Fund and change in name of the schemes. Please read notice cum addendum no. 11/2023 dated May 31, 2023 for more detail.
Views expressed herein, involve known and unknown risks and uncertainties that could cause actual results, performance, or events to differ materially from those expressed or implied herein. Stocks/Sectors/Views should not be construed as an investment advice or a research report or a recommendation by Groww Mutual Fund (“the Fund”) / Groww Asset Management Limited (AMC) to buy or sell the stock or any other security. The sector(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s).There is no assurance of any returns/capital protection/capital guarantee to the investors in above mentioned Schemes. The investment approach other data mentioned herein are dated and proposed to be followed by the scheme and the same may change in future depending on market conditions and other factors. The AMC/ trustee/ sponsor / group companies shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information.
The “Product” offered by “the issuer” is not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited (IISL)). NSE INDICES LIMITED does not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) and disclaims all liability to the owners of “the Product” or any member of the public regarding the advisability of investing in securities generally or in the “the Product” linked to Groww Nifty Non-Cyclical Index Fund or particularly in the ability of the Nifty Non-Cyclical Index to track general stock market performance in India. Please read the full Disclaimers in relation to the in the in the Offer Document / Prospectus / Information Statement.
*Source : NSE Indices Data as on March 28, 2024
**Source : NSE Indices Data as on March 28, 2024
#Source : NSE Indices Data as on March 28, 2024
^Source : NSE Indices Data as on March 28, 2024
^^Please read scheme information document to know in detail.
Performance
Index
CAGR (1y)
CAGR (3y)
CAGR (5y)
CAGR (10y)
CAGR (15y)
NIFTY NON-CYCLICAL CONSUMER
30.80%
18.79%
17.22%
16.38%
17.66%
NIFTY 50
20.74%
17.12%
16.15%
14.57%
15.40%
Periods of Market voltaility
Nifty 50 Index
Nifty Non-Cyclical Consumer Index
Feb-April 2008
-24.49%
-23.92%
Sept-Dec 2008
-45.13%
-36.46%
Aug-Oct 2011
-14.07%
-7.93%
April-June 2012
-9.14%
1.08%
June-Sept 2013
-6.84%
-0.90%
Oct 2015- Jan 2016
-6.68%
-11.13%
July-Sept 2019
-10.29%
-3.83%
Feb-April 2020
-34.42%
-16.04%
May-July 2022
-10.71%
-6.86%
Oct-Dec 2022
-6.52%
-10.46%
Min. SIP amount
₹100
Min. Lumpsum amount
₹500
