Description
Groww Nifty Next 50 Index Fund will be available for transactions on NSE MF Invest Platform from August 06, 2025 to August 20, 2025.
Summary
NSE announces the launch of Groww Nifty Next 50 Index Fund NFO on the NSE MF Invest Platform. The fund will be available for transactions from August 06, 2025, to August 20, 2025, till 11:59 PM with an allotment date of August 28, 2025.
Key Points
- Six variants of the fund will be available: Growth, Direct-Growth, Direct-IDCW Payout, Direct-IDCW Reinvestment, IDCW Payout, and IDCW Reinvestment
- All variants are categorized as Equity funds
- Each variant has a unique ISIN code
- NFO period: August 06-20, 2025
- Allotment date: August 28, 2025
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Members must ensure clear funds are received in designated Clearing Corporation account on or before NFO closing date
- Funds can be received through any payment mode
Important Dates
- NFO Start Date: August 06, 2025
- NFO End Date: August 20, 2025 (11:59 PM)
- Allotment Date: August 28, 2025
Impact Assessment
Minimal market impact as this is a routine NFO launch. Provides additional investment options for investors seeking exposure to Nifty Next 50 index through Groww Mutual Fund on NSE platform.
Impact Justification
Routine NFO launch announcement with no market-wide impact