Which asset management company has recently launched India’s first Nifty Non-Cyclical Index Fund?

The first-ever Nifty Non-Cyclical Consumer Index Fund in India was recently launched by Groww Mutual Fund. Investing in securities from the Nifty Non-Cyclical Consumer Index (TRI), which consists of 30 companies less impacted by economic volatility, is how this mutual fund seeks to achieve long-term capital growth. Defensive stocks, sometimes known as non-cyclical stocks, maintain demand by meeting daily consumer needs like food and utilities regardless of economic ups and downs, making them dependable investment options.