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Category

Others

Scheme Type

OPEN

Exit Load (%)

Min Inv

500.00

Incremental Inv

500.00

Open Date

Mar 06, 2026

Close Date

Mar 20, 2026

Nav Calculation

DAILY

Sub-category

Exchange Traded Funds (ETFs)

Risk Level

Very High

Fund Manager

Nikhil Satam

Repurchase/Redemption

Fund Objective

The investment objective of the Scheme is to generate long-term capital growth by investing in securities of the Nifty PSU Bank Index in the same proportion/weightage with an aim to provide returns before expenses that track the total return of Nifty PSU Bank Index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.

Notes

The Groww Nifty PSU Bank ETF will be managed passively with investments in stocks in the same proportion as in the Nifty PSU Bank Index. The investment strategy of the Scheme will be to invest in a basket of securities forming part of Nifty PSU Bank Index in similar weight proportion. The investment strategy would revolve around reducing the tracking error to the least possible through regular rebalancing of the portfolio, considering the change in weights of stocks in the Index as well as the incremental collections/redemptions in the Scheme. A part of the funds may be invested in debt and money market instruments, to meet the liquidity requirements. Subject to the regulations and the applicable guidelines the Scheme may invest in the schemes of Mutual Funds. The investment strategy shall be in line with the asset allocation. Though every endeavour will be made to achieve the objective of the Scheme, the AMC/Sponsors/Trustee does not guarantee that the investment objective of the Scheme will be achieved. No guaranteed returns are being offered under the Scheme.