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Answer : 2. "GROW Mutual Fund"
Which asset management company has recently launched India's first Nifty Non-Cyclical Index Fund?
5Q:
Which asset management company has recently launched India's first Nifty Non-Cyclical Index Fund?
- 1NFOfalse
- 2GROW Mutual Fundtrue
- 3SIPfalse
- 4Savings Mutual Fundfalse
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Answer : 2. "GROW Mutual Fund"
Explanation :
Groww Mutual Fund recently launched India's first Nifty Non-Cyclical Consumer Index Fund. This mutual fund aims to achieve long-term capital growth by investing in securities from the Nifty Non-Cyclical Consumer Index (TRI), which consists of 30 companies less affected by economic volatility.