On Thursday, May 2, 2024, Groww Mutual Fund introduced India’s inaugural Nifty Non-Cyclical Consumer Index Fund. The New Fund Offer (NFO) for this scheme will be open for subscription until May 16. According to Groww Mutual Fund, the fund is an open-ended scheme designed to achieve long-term capital growth. It does this by investing in securities of the Nifty Non-Cyclical Consumer Index (TRI) in a similar proportion of weightage, as stated in its announcement.
Groww Nifty Non-Cyclical Consumer Index Fund return percentage
Index
CAGR_1y
CAGR_3y
CAGR_5y
CAGR_10y
CAGR_15y
NIFTY NON-CYCLICAL CONSUMER
30.80%
18.79%
17.22%
16.38%
17.66%
NIFTY 50
20.74%
17.12%
16.15%
14.57%
15.40%
Nifty 500
26.57%
20.19%
17.45%
16.04%
16.41%
Nifty TMI
26.47%
19.55%
16.46%
14.99%
15.23%
This table shows how different indices have grown each year over different periods. We have the Nifty Non-Cyclical Consumer, Nifty 50, Nifty 500, and Nifty TMI. CAGR, which stands for Compound Annual Growth Rate, tells us how much an investment grows each year on average over a specific time.
Looking at the table, it’s clear that the Nifty Non-Cyclical Consumer index has done better than the others over all the periods. Its CAGR numbers are higher for 1 year, 3 years, 5 years, 10 years, and 15 years. These returns show that Groww Nifty Non-Cyclical Consumer is a good choice for people who want to invest for the long term. If you’re looking for investments that give steady and strong returns, the Nifty Non-Cyclical Consumer Index seems like a good option based on this information.
Details about Groww Nifty Non-Cyclical Consumer Index Fund
Non-cyclical industries are very important in our daily lives because they give us goods and services we need all the time. Think about things like food and telecom services. These industries stay pretty stable and grow even when the economy goes up and down. So, when things are unsure, they help keep the economy growing by having a steady demand for their goods and services.
Because they’re so reliable, non-cyclical industries are a good option for investors who want steady returns, even when the market is all down. But how do you pick the right non-cyclical stocks for your investment?
That’s where the Nifty Non-Cyclical Consumer Index comes in. This index keeps track of how well these non-cyclical stocks are performing. The Non-cyclical stocks are from industries like consumer goods, services, telecom, and media.
The Groww Nifty Non-Cyclical Consumer Index Fund picks the top 30 stocks from these industries based on their market value. Each stock’s importance in the index depends on its market value too. But no stock can make up more than 10% of the index.
Any risk on Groww Nifty Non-Cyclical Consumer Index Fund
The Groww Nifty Non-Cyclical Consumer Index looks like a good option for growth. However, investors need to consider possible risks. These could include changes in rules, more competition, and problems in the global economy.
Investing in Groww Nifty Non-Cyclical Consumer Index means putting money into good and reliable stocks. The companies in the Groww Nifty Non-Cyclical Consumer Index are the top manufacturing companies, so they give good returns. The non-cyclical Consumer Index invests in different industry players, which are having steady growth and have a good history, so it is a safe choice for investing in India. It’s a great opportunity for anyone who wants stability and consistent returns.
