The New Fund Offer (NFO) opened on September 10 and will close on September 24.
The scheme follows a multi-asset framework that combines different asset classes with the objective of reducing portfolio volatility and adapting to changing market conditions. It seeks to maintain gross equity exposure above 65% to qualify for equity taxation while allocating the balance to debt and commodities.
The fund uses SHAASTRA (Strategic Holistic Asset Allocation and Systematic Technical Risk Assessment), Groww Mutual Fund’s proprietary platform, to support asset allocation. SHAASTRA integrates macroeconomic indicators, market trends, and technical signals to assist fund managers in making allocation decisions.
The scheme will be jointly managed by Paras Matalia, Kaustubh Sule, and Wilfred Gonsalves. Investors can participate with a minimum investment of ₹500 for lumpsum and ₹100 through SIPs. An exit load of 1% will apply on redemptions within 30 days; no exit load will be charged thereafter.
The benchmark for the fund is a blended index comprising the Nifty 500 Index – TRI (60%), CRISIL Composite Bond Fund Index (30%), Gold INR (5%), and Silver INR (5%).
Groww Mutual Fund stated that the scheme is intended for investors seeking exposure to multiple asset classes through a single portfolio, with an aim of balancing growth potential and risk across market cycles.