Widely read:
Groww Mutual Fund has announced several changes to their investment provisions across various schemes, effective from January 08, 2025.
The minimum application amount for lumpsum investments has been increased from Rs 100 to Rs 500 per application for following schemes and the minimum amount required for redemption or switch-out across all plans is Rs. 500:
- Groww Large Cap Fund
- Groww Dynamic Bond Fund
- Groww Aggressive Hybrid Fund
- Groww Overnight Fund
- Groww Liquid Fund
- Groww Short Duration Fund
- Groww Value Fund
- Groww Nifty Total Market Index Fund
Additionally, the minimum application amount for SIP (Systematic Investment Plan) has been increased from Rs 100 to Rs 500 for following schemes.:
- Groww Large Cap Fund
- Groww Aggressive Hybrid Fund
- Groww Value Fund
- Groww Banking & Financial Services Fund
- Groww Nifty Smallcap 250 Index Fund
- Groww Gold ETF - FOF
- Groww Nifty India Defence ETF FOF
- Groww Nifty EV & New Age Automotive ETF FOF
- Groww Multi Cap Fund
In case the investor does not specify a SIP date for Monthly or Quarterly frequency, the default date will be the 15th of each month or quarter.
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