Groww Mutual Fund has announced the launch of a passive investment scheme, Groww Nifty Private Bank ETF, an open-ended exchange-traded fund that seeks to track the performance of the Nifty Private Bank Index – Total Return Index (TRI), subject to tracking error.
The new fund offer (NFO) of the fund is open for subscription and will close on May 20. The fund will reopen for continuous sale and repurchase on or before June 4.
