NEWS – Groww Mutual Fund recently launched India’s first Nifty Non-Cyclical Consumer Index Fund

HIGHLIGHTS

• Aims for long-term capital growth
• Comprises 30 companies that are resilient to economic instability and maintain steady demand for their products or services.
• These companies are chosen for their ability to perform well during economic downturns, making them attractive investments.
• The fund’s investment strategy focuses on non-cyclical sectors, which are less vulnerable to economic fluctuations.
• It aims to provide stability and consistent returns by investing in companies with resilient business models.
• Investing in the Nifty Non-Cyclical Index Fund can be advantageous during economic downturns.
• Non-cyclical stocks tend to perform well and provide stability to investors’ portfolios during periods of economic instability.
• Non-Cyclical Stocks:
  • Non-cyclical stocks, also known as defensive stocks, are part of the index.
  • They outperform their industry peers in the stock market, even during economic volatility.
  • These stocks are not affected by cyclical changes and remain in constant demand due to essential consumer needs like food, water, and utilities.