Groww Mutual Fund has launched a new Open Ended Growth scheme named "Groww Nifty India Internet ETF FOF" with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jun 06 to Jun 27, 2025.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 500.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.

The fund manager of the scheme will be Nikhil Satam, while the performance of the scheme will be benchmarked against .

The investment objective of the Scheme is to generate long-term capital growth by investing in units of Groww Nifty India Internet ETF. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.