Groww Nifty EV & New Age Automotive ETF

Groww Nifty EV & New Age Automotive ETF is an open-ended scheme replicating/tracking Nifty EV and New Age Automotive Index - Total Return Index. The new fund offer or NFO of the scheme is open for subscription and will close on August 2. The investment objective of the scheme is to generate long term capital growth by investing in securities of the Nifty EV & New Age Automotive Index in the same proportion / weightage with an aim to provide returns before expenses that track

the total return of Nifty EV & New Age Automotive Index, subject to tracking errors.

The scheme will invest 95-100% in equities and equity - related securities of companies engaged in or expected to benefit from Electric Vehicles and New Age Automotive Themes, and 0-5% in money market instruments/debt securities, instruments and/or units of debt/liquid schemes of domestic mutual funds. The scheme will be benchmarked against Nifty EV and New Age Automotive Index - Total Return Index.