Insights

Important Changes in Groww Mutual Funds (GMF)

January 9, 2025 . FundsIndia Desk

Bulletin

Dear Investors, Please note that the following changes will come into effect from 8th January 2025:

(i) Change in minimum Systematic Investment Plan and changes in default SIP date, minimum investment amount of SIP for the following schemes of GMF:

S.No	Scheme Name
1	Groww Large Cap Fund
2	Groww Dynamic Bond Fund
3	Groww Aggressive Hybrid Fund
4	Groww Overnight Fund
5	Groww Liquid Fund
6	Groww Short Duration Fund
7	Groww Value Fund
8	Groww Nifty Total Market Index Fund
9	Groww Banking & Financial Services Fund
10	Groww Nifty Smallcap 250 Index Fund
11	Groww Nifty Non-Cyclical Consumer Index Fund
12	Groww Gold ETF – FOF
13	Groww Nifty India Defence ETF FOF
14	Groww Nifty EV & New Age Automotive ETF FOF
15	Groww Multicap Fund

Note: In case the investor has not mentioned the SIP date in the form for Monthly / Quarterly frequency, the default SIP date for all schemes will be the 15th of every month/quarter, depending on the frequency opted for by the investor.

(ii) Changes in minimum lumpsum investment and redemption amount of the following Schemes of GMF:

S.No	Scheme Name
1	Groww Large Cap Fund
2	Groww Dynamic Bond Fund
3	Groww Aggressive Hybrid Fund
4	Groww Overnight Fund
5	Groww Liquid Fund
6	Groww Short Duration Fund
7	Groww ELSS Tax Saver Fund
8	Groww Value Fund
9	Groww Nifty Total Market Index Fund
10	Groww Multicap Fund

Important Notes:

Minimum Redemption/switch out amount – The minimum redemption amount for all plans will be Rs.500/- and in multiples of Re.1/-.
In case, if the investor wants to submit redemption in units, the value should be equivalent to the minimum redemption amount specified above as on the applicable NAV date and the units should be in multiples of 0.001.
In case the available balance in the folio is less than the minimum redemption amount/units, then the investor can submit a request for “All units/Full redemption” of the amount/units available in the folio.

For complete details, please click here to read the addendum.