• ETF
  • Groww Nifty EV & New Age Automotive ETF (G)
Groww Nifty EV & New Age Automotive ETF (G)

Groww Nifty EV & New Age Automotive ETF (G)

EquityIndex Funds 
  • 29.0452

    NAV

  • 0.3%

    Change

Groww Nifty EV & New Age Automotive ETF (G) NAV

29.0452

NAV (Feb 7)

Groww Nifty EV & New Age Automotive ETF (G) returns

Last 1Y
-
Last 3Y
-
Last 5Y
-
Last 10Y
-
Since Inception
-10.5%
6 Month CAGR
-
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Groww Nifty EV & New Age Automotive ETF (G) Information

Investment Objective

The Scheme seeks to generate long term capital growth by investing in securities of the Nifty EV & New Age Automotive Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty EV & New Age Automotive Index, subject to tracking errors.

Expense Ratio
0.4716%
Launched (<1Y)
2024-08-07
AUM in Crores
226.5
ISIN
INF666M01IH2
Lock-in
No Lock-in
Benchmark
Nifty EV and New Age Automotive Total Return Index
SIP Minimum
1000
Lumpsum Min.
5000

Fund Managers

user-avatar

Abhishek Jain

Fund Manager

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Asset allocation and Holdings

Last updated on 2024-12-23

Top 10 Stock Holdings

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Groww Nifty EV & New Age Automotive ETF (G) Review

Groww Nifty EV & New Age Automotive ETF (G) is an Exchange Traded Fund which is benchmarked to . Groww Nifty EV & New Age Automotive ETF (G) is managed by the Groww Mutual Fund with the fund manager being Abhishek Jain. The Groww Nifty EV & New Age Automotive ETF (G) was launched on 2024-08-07 with no lock-in period. Since its inception, the fund has delivered -10.488% as a return on investment.

As on 7 Feb, 2025 the NAV of the fund is Rs 29.05 and the AUM is Rs 226.52 crores. The fund charges an expense ratio of 0.4716% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to , the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The Groww Nifty EV & New Age Automotive ETF (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of Groww Nifty EV & New Age Automotive ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.