Groww Mutual Fund has launched two passive funds - Groww Nifty Metal ETF and Groww Multi Asset Omni FOF.

The new fund offer or NFO of both the funds is open for subscription and will close on December 17. The funds will reopen for continuous sale and repurchase on January 1, 2026.

Groww Nifty Metal ETF is an open-ended scheme tracking the Nifty Metal Index - TRI. The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty Metal Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty Metal Index, subject to tracking errors.

The performance of the fund will be benchmarked against Nifty Metal Index TRI and will be managed by Nikhil Satam, Aakash Chauhan and Shashi Kumar.