Archive · 1 Jul 2025
ICICI and Groww Launch Index Funds for Indian Investors
ICICI and Groww are launching new funds.
ICICI has a fund focused on private banks, and Groww has funds tracking the top 50 Indian companies.
These funds are designed to be low-cost ways for people to invest.
The funds from both companies are opening in July 2025.
The ICICI fund invests in private banks and the Groww funds invest in India's top 50 companies.
ICICI Prudential launched a Nifty Private Bank Index Fund.
Groww launched Groww Nifty 50 ETF and Index Fund to track the Nifty 50.
ICICI's fund targets the private banking sector with a rule-based approach.
Groww's funds offer exposure to India's top 50 companies across sectors.
Both fund houses aim to provide cost-effective access to key indices.
- Who
- ICICI Prudential Mutual Fund and Groww Mutual Fund
- What
- ICICI and Groww launched new fund offerings (NFOs).
- When
- NFO for ICICI Prudential Nifty Private Bank Index Fund opens on July 1, 2025, and closes on July 14, 2025. NFO for Groww Nifty 50 ETF and Index Fund opens on July 2, 2025, and closes on July 16, 2025.
- Where
- India
- Why
- To provide investors with cost-effective access to key sectors and benchmark indices.
- Fund Houses
- ICICI Prudential, Groww
- Funds Launched
- Nifty Private Bank Index Fund, Nifty 50 ETF, Nifty 50 Index Fund
- Investment Focus
- Indian private banks and top 50 companies
- Minimum Investment
- ₹1,000 (ICICI), ₹500 (Groww)
- NFO Open Dates
- July 1 & 2, 2025
