Tuesday, July 8, 2025
  • Home
  • National
  • International
  • Movies
  • Technology
  • Business
  • Fitness
  • Lifestyle
  • Punjab
  • Contact us
No Result
View All Result
No Result
View All Result
Home National

Discover Future Of Investment With Groww Nifty EV & New-Age Automotive FOF | India News

by author
July 26, 2024
in National
0
Discover Future Of Investment With Groww Nifty EV & New-Age Automotive FOF | India News
0
SHARES
20
VIEWS
Share on FacebookShare on Twitter


The electric vehicle (EV) market is revolutionising the automotive industry, and Groww Mutual Fund has launched an innovative investment opportunity to help you capitalise on this trend. Introducing the Groww Nifty EV & New Age Automotive Fund of Funds (FOF), a new investment avenue designed to tap into the growth of the EV sector in India. This article will guide you through the details of this unique fund and why it could be a valuable addition to your investment portfolio.

Introducing Groww Nifty EV Automotive FOF 

The Groww Nifty EV & New Age Automotive FOF is a newly launched Fund of Funds by Groww Mutual Fund. This fund offers investors a chance to participate in the burgeoning EV market without the need to select individual stocks. Instead, it invests in the Nifty EV and New Age Automotive Index, providing a diversified portfolio of leading companies in the EV ecosystem.

What is a Fund of Funds (FOF)?

A Fund of Funds (FOF) is an investment strategy that holds a portfolio of other investment funds rather than investing directly in stocks, bonds, or other securities. This approach allows investors to gain broad exposure to various asset classes or sectors with a single investment. The Groww Nifty EV & New Age Automotive FOF specifically invests in funds tracking the Nifty EV and New Age Automotive Index, giving investors access to the top companies in the EV and automotive technology sectors.

Understanding the Underlying Index

The Nifty EV and New Age Automotive Index tracks the performance of Indian companies involved in the electric vehicle industry and related technologies. This includes EV manufacturers, battery producers, and component suppliers. The index offers a comprehensive view of the market, reflecting the performance of key players driving the EV revolution in India.

Key characteristics of the index include:

  • A base date of April 2, 2018, and a base value of 1000.
  • Inclusion of stocks from the Nifty 500 index involved in EV and new-age automotive vehicle production and supply.
  • A cap of 40% on the overall weight of Group A stocks (manufacturing EVs and new-age vehicles), with individual stocks in this group capped at 8%. Other stocks are capped at 4%.
  • Semi-annual reconstitution and quarterly rebalancing to ensure the index remains representative of the sector.

Growth of the EV Sector in India

India’s EV market is experiencing rapid growth, driven by increasing environmental awareness, technological advancements, and supportive government policies. Projections indicate significant future growth, with EV adoption expected to rise substantially in the coming years. The Indian government has implemented various initiatives to boost the sector, including subsidies for EV purchases, tax incentives, and investments in charging infrastructure. Anticipated new measures in upcoming budgets are likely to further support the industry’s expansion.

Investment Opportunity

The Groww Nifty EV & New Age Automotive FOF is currently available as a New Fund Offer (NFO), making this an opportune moment for investors to explore this exciting investment option. By investing in this FOF, you can gain access to a diversified portfolio of companies in the Indian EV sector, reducing the need to select individual stocks and manage a complex portfolio. This fund simplifies the investment process while providing exposure to a high-growth industry.

Consult Your Financial Advisor

Before making any investment decisions, it is essential to consult your financial advisor. They can provide personalised advice tailored to your financial goals and risk tolerance. Additionally, it is crucial to read the scheme information document carefully to understand the risks and benefits associated with the Groww Nifty EV & New Age Automotive FOF. The NFO is available for investment on all major mutual fund investment platforms, and your financial advisor can guide you through the process.

Final Thoughts

In summary, the Groww Nifty EV & New Age Automotive FOF offers a unique opportunity to invest in India’s rapidly growing EV sector. This Fund of Funds provides a diversified portfolio of leading companies in the EV and automotive technology industries, making it an attractive option for investors looking to capitalise on this trend. Consider exploring this investment opportunity and discuss it with your financial advisor to see if it aligns with your investment goals. You can also check it out on major mutual fund platforms to get started. Embrace the future of automotive technology and make a smart investment with Groww Nifty EV & New Age Automotive FOF today!

 

 

(This article is part of IndiaDotCom Pvt Ltd’s Consumer Connect Initiative, a paid publication programme. IDPL claims no editorial involvement and assumes no responsibility, liability or claims for any errors or omissions in the content of the article. The IDPL Editorial team is not responsible for this content.)

 



Source link

Related posts

RTI Reveals Spy Suspect Jyoti Malhotra Was Kerala Govts State Guest; Custody Extended Till July 21

RTI Reveals Spy Suspect Jyoti Malhotra Was Kerala Govts State Guest; Custody Extended Till July 21

July 8, 2025
UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support

UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support

July 7, 2025
Tags: indian newsnational news
Previous Post

John Abraham’s Vedaa release uncertain as CBFC delays certification; makers release statement: “We have waited patiently for a revising committee to be constituted” : Bollywood News

Next Post

Government extends EMPS by 2 months, increases funding to INR 778 crore, ET Auto

Related Posts

RTI Reveals Spy Suspect Jyoti Malhotra Was Kerala Govts State Guest; Custody Extended Till July 21
National

RTI Reveals Spy Suspect Jyoti Malhotra Was Kerala Govts State Guest; Custody Extended Till July 21

July 8, 2025
UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support
National

UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support

July 7, 2025
BRICS Leaders Strongly Condemn Pahalgam Terror Attack, Reject ‘Double Standards’ In Countering Terrorism | India News
National

BRICS Leaders Strongly Condemn Pahalgam Terror Attack, Reject ‘Double Standards’ In Countering Terrorism | India News

July 7, 2025
Amarnath Yatra 2025: Over 26,800 Devotees Complete Journey In 2 Days, Fresh Batch Of 6,979 Leaves For Kashmir | India News
National

Amarnath Yatra 2025: Over 26,800 Devotees Complete Journey In 2 Days, Fresh Batch Of 6,979 Leaves For Kashmir | India News

July 5, 2025
BKTC’s Vikram Rawat Among 7 Killed In U’khand Helicopter Crash Near Kedarnath | India News
National

BKTC’s Vikram Rawat Among 7 Killed In U’khand Helicopter Crash Near Kedarnath | India News

June 15, 2025
The Third Eye: Envisioning India’s National Security Policy | India News
National

The Third Eye: Envisioning India’s National Security Policy | India News

June 15, 2025
Next Post
Government extends EMPS by 2 months, increases funding to INR 778 crore, ET Auto

Government extends EMPS by 2 months, increases funding to INR 778 crore, ET Auto

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Work That Speaks | Ad Reviews | 9 To 14 November 2021

Work That Speaks | Ad Reviews | 9 To 14 November 2021

4 years ago
Differentiation in EVs will be through software, says Amitabh Saran of Reliance backed Altigreen, Auto News, ET Auto

Differentiation in EVs will be through software, says Amitabh Saran of Reliance backed Altigreen, Auto News, ET Auto

3 years ago
Pakistan Train Hijack Ends: 346 Hostages Freed; 33 Militants, 21 Passengers Dead In Standoff | World News

Pakistan Train Hijack Ends: 346 Hostages Freed; 33 Militants, 21 Passengers Dead In Standoff | World News

4 months ago
Cabinet Reshuffle 2021: From Health Minister Harsh Vardhan to MoS Babul Supriyo, 12 union ministers lose cabinet berths

Cabinet Reshuffle 2021: From Health Minister Harsh Vardhan to MoS Babul Supriyo, 12 union ministers lose cabinet berths

4 years ago

BROWSE BY CATEGORIES

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

BROWSE BY TOPICS

Architecture culture Fitness indian architecture indian culture indian culture and heritage indian news lifestyle national news Technology technology news Travel travelling

About Us

Awaj Ludhiana Ki

Address

2667/3, Kishore Nagar, Tajpur & Jail Road, Ludhiana – 141008

Recent News

  • RTI Reveals Spy Suspect Jyoti Malhotra Was Kerala Govts State Guest; Custody Extended Till July 21
  • India Abstains From UN Resolution On Afghanistan, Calls For Efforts To End Exploitation Of Afghan Soil For Terrorism | India News
  • Indian Travellers With U.S. Visas Can Now Enter 17 Countries Without A Visa – Here’s The Full List | World News
  • From Slave To Superpower – How The U.S. Rose From British Colony To Global Warlord
  • UK F-35B Jet Under Repair In Kerala, UK Grateful To India For Support

Category

  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fitness
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel

Search

No Result
View All Result

Email

[email protected]

  • About
  • Advertise
  • Careers

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

No Result
View All Result
  • Home
  • Contact us
  • Animals
  • Architecture
  • Automobiles
  • Business
  • Culture
  • Fashion
  • Fitness
  • Food
  • International
  • Lifestyle
  • Movies
  • National
  • Sports
  • Technology
  • Travel
  • Punjab

Copyright © 2019 Awaj Ludhiana Ki or it's affiliates | Website by Awaj Ludhiana Ki Team

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In