A growth fund is a mutual fund that primarily invests in growth stocks with the aim of providing capital appreciation for the fund's shareholders over the long term. These funds tend to be more volatile compared to conservative income or money market funds.
In the context of the stock market, the term 'Nifty Fifty' refers to 50 stocks that were once highly favored by institutional investors, achieving immense popularity particularly during the bull markets of the 1960s and early 1970s. These stocks were considered premium holdings due to their strong growth potential and favorable market performance.
