Groww Nifty EV & New Age Automotive ETF

Basic Details

Lumpsum Returns

Note: Lumpsum Returns since Inception Date.

SIP Returns

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Risk Ratios

Top 10 stock holding in portfolio

Peer Comparison

News

• Groww launches new funds to tap into India's railway sector growth

  Groww Mutual Fund has launched the Groww Nifty India Railways PSU Index Fund and ETF. These funds aim to provide investors with exposure to the Indian Railways sector, a critical component of the country's infrastructure. '

  The New Fund Offer (NFO) for both instruments is open from January 16, 2025, to January 30, 2025. Both products seek to track the Nifty India Railways PSU Index, which encompasses a diverse range of Public Sector Undertakings (PSUs) crucial to the Indian Railways, covering areas like infrastructure, logistics, finance, and technology. '

  As the world's fourth-largest railway network, Indian Railways plays a vital role in the country's economy. In FY 2024, it transported a staggering 6.7 billion passengers and moved over 1,588 million metric tonnes of freight. '

  The sector is currently undergoing a significant transformation, fueled by a substantial capital expenditure plan of Rs 2.62 lakh crore for FY 2024-25. This investment will drive modernization initiatives, including high-speed rail projects, station redevelopments, and the integration of renewable energy sources, enhancing operational efficiency and sustainability. '

  The ETF directly mirrors the Nifty India Railways PSU Index-TRI, offering investors a transparent and cost-effective way to participate in the sector's growth. The portfolio is weighted towards mid-cap stocks, which have the potential for significant long-term growth. The fund comprises 14 stocks with growth potential, providing diversified exposure to the railway sector.

  Data suggests the Nifty India Railways PSU Index has outperformed the Nifty 500 Index over various timeframes. The index has delivered 26.81% returns for 1-year investment horizons. From April 2001 to December 2024, this index recorded a CAGR of 46.55%.

  '

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• Groww Mutual Fund Change in minimum lumpsum investment amount

  Groww Mutual Fund announces that the minimum lumpsum investment amount for Groww Dynamic Bond Fund stands modified as under with effect from December 04, 2024.

  Scheme Name	Existing Lumpsum investment amount	Revised Lumpsum investment amount
  Groww Dynamic Bond Fund	Rs. 100 and in multiples of Re. 1/- thereafter	Rs. 500 and in multiples of Re.1 thereafter
  Groww Overnight Fund	Rs. 100 and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter
  Groww Liquid Fund	Rs. 100/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter
  Groww Short Duration Fund	Rs. 100/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter
  Groww Value Fund	Rs. 10 and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter
  Groww Total Market Index Fund	Rs. 100/- and in multiples of Re. 1/- thereafter	Rs. 500/- and in multiples of Re. 1/- thereafter

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Fund House Details & Investment Objective