Retail Investors Get Midcap Access Through Groww’s New Passive Funds

Expanding its suite of index products, Groww Mutual Fund introduced two Nifty Midcap 150 Index schemes designed for cost-efficient diversification in the midcap segment. The new offerings, available under regular and direct plans, remain open for subscription until November 11. Fund executives said the products aim to bridge the accessibility gap for small investors seeking long-term growth exposure. Analysts believe the launch strengthens Groww’s retail positioning amid rising interest in passive investing strategies across India’s fast-growing mutual fund ecosystem.