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Groww Mutual Fund launches Nifty Non-Cyclical Consumer Index Fund

Groww Mutual Fund has launched India's first Nifty Non-Cyclical Consumer Index Fund. The open-ended scheme aims to generate long-term capital growth by investing in securities of the Nifty Non-Cyclical Consumer Index (TRI). The fund will be available for subscription until May 16. The Groww Nifty Non-Cyclical Index fund allows investors to invest in top stocks from consumer industries such as FMCG and textiles, which are considered non-cyclical sectors and less affected by economic cycles.

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