{"id":294602,"date":"2024-05-07T17:55:23","date_gmt":"2024-05-07T12:25:23","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=294602"},"modified":"2024-05-07T17:55:23","modified_gmt":"2024-05-07T12:25:23","slug":"nifty-non-cyclical-consumer-index-fund","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/nifty-non-cyclical-consumer-index-fund\/","title":{"rendered":"Nifty Non-Cyclical Consumer Index Fund"},"content":{"rendered":"

Source<\/strong>-This post on Nifty Non-Cyclical Consumer Index Fund<\/strong> is based on the article “Groww Mutual Fund launches Nifty Non-Cyclical Consumer Index Fund” <\/a><\/strong>published in \u201cThe Economic Times<\/strong>\u201d on 7th May 2024.<\/p>\n

Why in the News?<\/h2>\n

Groww Mutual Fund has recently introduced India’s First Nifty Non-Cyclical Consumer Index Fund.<\/p>\n

About Nifty Non-Cyclical Consumer Index Fund<\/h2>\n\n\n\n\n\n\n\n\n
Aspects<\/strong><\/td>\nDescription<\/strong><\/td>\n<\/tr>\n
About\u00a0<\/strong><\/td>\n1) It is a mutual fund<\/span> designed to foster long-term capital growth<\/span> through investments in the securities of the Nifty Non-Cyclical Consumer Index (TRI).
\n2) It is India\u2019s first index fund<\/span> which enables people to invest in the top stocks from consumer industries such as FMCG, Textiles, etc.<\/span><\/span><\/span><\/td>\n<\/tr>\n
Launched by<\/strong><\/td>\nGroww Mutual Fund<\/td>\n<\/tr>\n
Aim of the fund<\/strong><\/td>\nThe aim of the fund is to achieve long-term capital growth<\/span> by investing in the securities of the Nifty Non-Cyclical Consumer Index (TRI) in their respective proportions and weightings.<\/td>\n<\/tr>\n
Purpose of the fund<\/strong><\/td>\nThis index comprises 30 companies<\/span> that exhibit resilience to economic fluctuations<\/span> and maintain steady demand.<\/td>\n<\/tr>\n
Characteristics\u00a0<\/strong><\/td>\n1) Non-cyclical stocks are also known as defensive stocks.<\/span>
\n2) It tends to perform well in the stock market<\/span> even during economic instability.
\n3) These stocks maintain constant demand<\/span> and are not influenced by cyclical fluctuations because they provide everyday essentials such as food, water, and utilities.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

UPSC Syllabus: Indian economy<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Source-This post on Nifty Non-Cyclical Consumer Index Fund is based on the article “Groww Mutual Fund launches Nifty Non-Cyclical Consumer Index Fund” published in \u201cThe Economic Times\u201d on 7th May 2024. Why in the News? Groww Mutual Fund has recently introduced India’s First Nifty Non-Cyclical Consumer Index Fund. About Nifty Non-Cyclical Consumer Index Fund Aspects… Continue reading Nifty Non-Cyclical Consumer Index Fund<\/span><\/a><\/p>\n","protected":false},"author":10366,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127],"tags":[11872,10596],"class_list":["post-294602","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","tag-9pm-daily-factly","tag-economic-times","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/294602","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10366"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=294602"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/294602\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=294602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=294602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=294602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}