{"id":31229,"date":"2025-01-09T13:24:40","date_gmt":"2025-01-09T07:54:40","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=31229"},"modified":"2025-01-09T13:24:41","modified_gmt":"2025-01-09T07:54:41","slug":"important-changes-in-groww-mutual-funds-gmf","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/bulletin\/important-changes-in-groww-mutual-funds-gmf\/31229","title":{"rendered":"Important Changes in Groww Mutual Funds (GMF)"},"content":{"rendered":"\n<p>Dear Investors, Please note that the following changes will come into effect from <strong>8th January 2025<\/strong>:&nbsp;<\/p>\n\n\n\n<p><strong>(i) Change in minimum Systematic Investment Plan and changes in default SIP date, minimum investment amount of SIP for the following schemes of GMF:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\">\n  <table style=\"border-collapse: collapse; width: 100%; border: 1px solid #000;\">\n    <tbody>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\"><strong>S.No<\/strong><\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\"><strong>Scheme Name<\/strong><\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">1<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Large Cap Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">2<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Dynamic Bond Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">3<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Aggressive Hybrid Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">4<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Overnight Fund&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">5<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Liquid Fund&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">6<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Short Duration Fund&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">7<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Value Fund&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">8<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Nifty Total Market Index Fund&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">9<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Banking &amp; Financial Services Fund&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">10<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Nifty Smallcap 250 Index Fund&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">11<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Nifty Non-Cyclical Consumer Index Fund&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">12<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Gold ETF &#8211; FOF&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">13<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Nifty India Defence ETF FOF<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">14<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Nifty EV &amp; New Age Automotive ETF FOF<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">15<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Multicap Fund&nbsp;<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/figure>\n\n\n\n\n<p><strong>Note<\/strong>: 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.<\/p>\n\n\n\n<p><strong>(ii) Changes in minimum lumpsum investment and redemption amount of the following Schemes of GMF:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\">\n  <table style=\"border-collapse: collapse; width: 100%; border: 1px solid #000;\">\n    <tbody>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\"><strong>S.No<\/strong><\/td>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\"><strong>Scheme Name<\/strong><\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">1<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Large Cap Fund&nbsp;<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">2<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Dynamic Bond Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">3<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Aggressive Hybrid Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">4<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Overnight Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">5<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Liquid Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">6<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Short Duration Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">7<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww ELSS Tax Saver Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">8<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Value Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">9<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Nifty Total Market Index Fund<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; text-align: center;\">10<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Groww Multicap Fund<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/figure>\n\n\n\n\n<p>Important Notes:<\/p>\n\n\n\n<ul><li>Minimum Redemption\/switch out amount &#8211; The minimum redemption amount for all plans will be Rs.500\/- and in multiples of Re.1\/-.&nbsp;<\/li><li>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.&nbsp;<\/li><li>In case the available balance in the folio is less than the minimum redemption amount\/units, then the investor can submit a request for &#8220;All units\/Full redemption&#8221; of the amount\/units available in the folio.&nbsp;<\/li><\/ul>\n\n\n\n<p>For complete details, please click here to read the <a href=\"https:\/\/fundsindia-marketing-assets.s3.ap-south-1.amazonaws.com\/32.+Notice+cum+Addendum+-Change+in+Investment+amount-groww-mf-08-01-2025.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">addendum<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dear Investors, Please note that the following changes will come into effect from 8th January 2025:&nbsp; (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 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[632],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Important Changes in Groww Mutual Funds (GMF)<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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