FAQ : Groww Nifty EV & New Age Automotive ETF

Groww Nifty EV & New Age Automotive ETF has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) N/A N/A N/A N/A
Average Rolling Returns(%) N/A N/A N/A N/A

The Current NAV of Groww Nifty EV & New Age Automotive ETF is ₹26.89.

It is better to invest in a fund with a longer track record as Groww Nifty EV & New Age Automotive ETF cannot be assessed for consistency of out-performance. Funds returns are more likely to be different than its benchmark NIFTY 50 returns, as Funds portfolio is significantly different.

Groww Nifty EV & New Age Automotive ETF fund’s expense ratio is 0.47%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of Groww Nifty EV & New Age Automotive ETF is currently ₹230 Crores.

The Top three stocks are Bajaj Auto, Mahindra & Mahindra and Maruti Suzuki and account for 24% of its portfolio. Top 5 and 10 stocks of fund account for 36% and 56% of fund’s portfolio respectively.

Top three sectors of Groww Nifty EV & New Age Automotive ETF fund are Auto, IT and Chemicals accounting for 86% of the total portfolio.

Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange Stocks.Since this is a ETFs - Index it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Groww Nifty EV & New Age Automotive ETF Fund is ETFs - Index.

Nikhil Satam and Aakash Chauhan manage the Groww Nifty EV & New Age Automotive ETF Fund.

Groww Nifty EV & New Age Automotive ETF current PE ratio is 38.53 and PB ratio is 6.65

The asset allocation of Groww Nifty EV & New Age Automotive ETF is Stocks : 100.04%, Debt : -0.06% and Gold : 0%

The minimum SIP amount for Groww Nifty EV & New Age Automotive ETF is N/A and minimum lumpsum is ₹500.00

The exit load for Groww Nifty EV & New Age Automotive ETF is N/A

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