Groww Mutual Fund announced the launch of the Groww Nifty Smallcap 250 Index Fund. The scheme opened for public subscription on February 09, 2024, and will close on February 23, 2024.
We considered the passive small cap schemes that are benchmarked against Nifty Smallcap 50 - TRI, and Nifty Smallcap 250 - TRI. These benchmarks offered 65.47% and 49.09% respectively. These small cap index schemes offered around 46-62% in 2023. The underperformance, as said earlier, was around 1.79-3.46%. (See table) We considered the regular and growth options.
Bandhan Mutual Fund announced the launch of the Bandhan Nifty Smallcap 250 Index Fund. The scheme opened for public subscription on December 12, 2023, and will close on December 19, 2023.