Groww Mutual Fund has filed offer document with SEBI to launch open ended scheme named ‘Groww Nifty Smallcap 250 Momentum Quality 100 ETF'. The New Fund Offer price for units would be 1/1000th of index during the NFO. Entry load and Exit load will be nil. The Scheme does not offer any plan or option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.The performance will be benchmarked against Nifty Smallcap 250 Momentum Quality 100 Index TRI. The minimum application amount during NFO will be Rs 500 and in multiples of Re 1 thereafter.The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty Smallcap 250 Momentum Quality 100 Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of the Nifty Smallcap 250 Momentum Quality 100 Index, subject to tracking errors..