In line with the rapid growth of the Indian economy, Groww Mutual Fund has launched an open-ended equity scheme called 'Groww Multicap Fund' with a minimum investment amount of Rs. 100. The fund, managed by Anupam Tiwari, will follow a disciplined multicap framework with a focus on growth, quality, and valuation discipline. With a bottom-up approach for mid and small cap stocks and a top-down approach for large cap stocks, the fund aims to capitalize on the diverse opportunities in the Indian market. According to Varun Gupta, CEO of Groww Mutual Fund, this fund offers investors a structured way to participate in India's transformative journey.
Groww Multicap Fund: A Comprehensive Analysis
Background
In line with the rapid growth of the Indian economy, Groww Mutual Fund has launched Groww Multicap Fund, an open-ended equity scheme. The fund aims to provide investors with a single solution to participate in the diverse growth opportunities of the Indian stock markets.
Key Features
Benefits
Investment Objective
The investment objective of Groww Multicap Fund is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments. The fund will follow a multicap approach, investing in large-cap, mid-cap, and small-cap stocks.
Top 5 FAQs
Q1: What is the minimum investment amount in Groww Multicap Fund? A1: Rs. 100
Q2: Who is the fund manager of Groww Multicap Fund? A2: Anupam Tiwari
Q3: What is the investment strategy of Groww Multicap Fund? A3: Multicap framework with a focus on growth, quality, and valuation discipline.
Q4: What is the expected return from Groww Multicap Fund? A4: The return is not guaranteed and will depend on the performance of the fund's underlying investments.
Q5: Is there a lock-in period for Groww Multicap Fund? A5: No, there is no lock-in period for the fund.
Tata Motors, one of India's leading automotive companies, has announced the introduction of a new safety feature for their popular SUV, the Nexon. Along with the Advanced Driver Assistance System, the company has also launched a Red Dark Edition of the Nexon and updated its technology. The Nexon has already earned top safety ratings and great commercial success, and this latest update further solidifies its position in the market as a safe, high-performance, and stylish SUV.
Piyush Pandey, the iconic figure in the Indian advertising industry, has passed away at the age of 70. With his powerful storytelling and campaigns that spoke to India in its own language, he transformed the country's advertising landscape. He was also the first Indian ad professional to receive the Padma Shri, a testament to his immense contributions to the industry. Despite stepping down from his role as Executive Chairman of Ogilvy India, his legacy will continue to inspire and shape the world of branding.
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Major stock indexes trended downwards on Wednesday as earnings reports pour in and trade tensions between the US and China resurface. The Nasdaq, Dow Jones Industrial Average, and S&P 500 all ended the day in the red, with pressure from a report that the White House is considering export restrictions on China. Meanwhile, gold prices saw a slight increase and the 10-year Treasury yield ticked lower. Among corporate news, Netflix reported weaker-than-expected quarterly profit while Intuitive Surgical saw a boost in shares after exceeding expectations. DraftKings also rose upon news of their acquisition of Railbird, while Tesla and IBM prepared for their third-quarter results. Lastly, AT&T and Alphabet had mixed revenue results, causing their stocks to decline and fluctuate.
Zoho, the popular business productivity software company, is making its entry into the consumer fintech space with the launch of Zoho Pay. This standalone app will also be integrated into the company's chat platform, Arattai, allowing users to easily send and receive money while chatting with others. Zoho plans to expand their fintech offerings to include lending, broking, insurance, and wealth-tech, and sees Zoho Pay as a key component of their overall financial services ecosystem. This move also positions Arattai as a competitor to WhatsApp in the Indian market, as it experiences a surge in downloads driven by government support and privacy concerns surrounding global tech platforms.
Multinational digital tech giant Philips, known for its innovative products, lost a 20-year legal battle before the Delhi High Court. The case involved allegations of patent infringement against an Indian company in the manufacturing and sale of Video Compact Discs (VCD). The court's decision was a blow to Philips, highlighting the importance of protecting intellectual property in the business world.
Concord Control Systems, Elecon Engineering, and Welcure Drugs & Pharmaceuticals are among the companies to trade ex-date for corporate actions such as bonus issues, interim dividends, and stock splits. The ex-date is an important marker for investors, as those purchasing shares on or after this date will not be eligible for the announced benefits. Shareholders of these companies can expect to receive a bonus issue, interim dividend, and stock split in their portfolios, aiming to enhance shareholder value, reward investments, and improve stock liquidity.
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