A growth fund is a diversified portfolio of stocks that has capital appreciation as its primary goal, with little or no dividend payouts. The portfolio mainly consists of companies with above-average growth that reinvest their earnings into expansion, acquisitions and/or research and development (R&D). Most growth funds offer higher potential capital appreciation but usually at above-average risk.
The Primany Investment objective of the scheme is to achieve long term growth of capital by investment in equity and equity related securities through a research based investment approach.