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Time of India
11-06-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund launches ETF tracking the Nifty India Internet Index
Groww Mutual Fund has launched Groww Nifty India Internet ETF , India's first exchange-traded fund (ETF) that aims to track the Nifty India Internet Index – TRI. The new fund offer or NFO of the scheme will open on June 13 and will close on June 27. Also Read | Mutual fund SIP stoppage ratio slows down to nearly 72% in May Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Don't Miss The Top Packaging Trends Of 2024, Enhnace Your Brand With The Latest Insights Packaging Machines | Search Ads Search Now Undo This ETF seeks to offer investors diversified exposure to companies driving India's internet-led transformation. The fund aims to invest in internet-first businesses across sectors such as e-commerce, fintech, online travel, digital payments, stockbroking, and entertainment. These sectors are increasingly becoming central to India's consumption and service economy. The Groww Nifty India Internet ETF aims to provide long-term investors a rules-based, transparent, and low-cost route to participate in this growth story. The scheme seeks to replicate the performance of the index by holding its constituents in similar weightage, subject to tracking error. Live Events The scheme is jointly managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. Post NFO, the ETF will be listed on the National Stock Exchange (NSE). The minimum investment during the NFO is Rs 500, and there is no exit load. The scheme is suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity-related instruments of the Nifty India Internet Index. Also Read | Gold ETFs see inflows of Rs 292 crore in May after two straight months of outflows The Nifty India Internet Index, which serves as the underlying benchmark, currently consists of 21 listed companies. It seeks to represent companies that derive a significant portion of their revenues from internet-based business models. The index is free float market capitalization-weighted with a cap of 20% per constituent and is rebalanced quarterly and reconstituted semi-annually, ensuring it remains responsive to market developments. The index composition spans across six broad sectors: e-retail and e-commerce (36%), financial technology (26%), internet-enabled retail (19%), stockbroking (8%), digital travel (10%), and online media (1.5%). Over 83% of the portfolio is made up of mid and large-cap stocks. The index has maintained a dynamic profile, with periodic inclusions and exclusions reflecting the evolving internet economy. Performance-wise, as of May 31, 2025, the Nifty India Internet Index delivered a 1-year CAGR of 25.94% and a 3-year CAGR of 22.55%. It also posted a Sharpe ratio of 2.73 (1-year) and 2.63 (3-year), indicating risk-adjusted returns compared to traditional indices like the Nifty 50 and Nifty 500.
Time of India
29-05-2025
- Business
- Time of India
NFO Alert: Groww Mutual Fund launches Nifty 500 Low Volatility 50 ETF
Groww Mutual Fund has announced the launch of the Groww Nifty 500 Low Volatility 50 ETF , an open‐ended scheme that aims to track the Nifty 500 Low Volatility 50 Index - TRI. The New Fund Offer (NFO) is currently open for subscription and will close on June 11. The scheme will reopen for continuous sale and repurchase on or before June 25. The investment objective of the scheme is to generate long-term capital growth by investing in securities of the Nifty 500 Low Volatility 50 Index in the same proportion/weightage, with the aim of providing returns (before expenses) that closely track the total return of the index, subject to tracking errors. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ampliar segurança e conveniência nas compras online é prioridade para 2025 Estúdio Folha Leia mais Undo The scheme will be benchmarked against the Nifty 500 Low Volatility 50 Index - TRI and will be managed by Nikhil Satam, Aakash Chauhan, and Shashi Kumar. During the NFO period, the minimum investment amount is Rs 500, with subsequent investments in multiples of Re 1. Units will be allotted in whole figures, and any balance amount, if below the minimum, will be refunded. Live Events The passive fund will allocate 95–100% of its assets to the constituents of the Nifty 500 Low Volatility 50 Index, and 0–5% to money market instruments, debt securities, and/or units of debt/liquid schemes of domestic mutual funds . Also Read | Fund Consistency: 29 equity mutual funds offer more than 25% CAGR over 3 and 5 years The Groww Nifty 500 Low Volatility 50 ETF will be managed passively, with investments made in the same proportion as the index constituents. The investment strategy is to replicate the index closely and minimize tracking error through regular rebalancing based on changes in stock weights and investor flows. The fund is suitable for investors seeking long-term capital appreciation through exposure to equity and equity-related instruments that form part of the Nifty 500 Low Volatility 50 Index.
