Groww Mutual Fund Launches Groww Nifty PSE ETF Tracking Nifty PSE Index TRI

Groww Mutual Fund has announced the introduction of the Groww Nifty PSE ETF, an open-ended exchange traded fund designed to track the Nifty PSE Index TRI. The New Fund Offer for this scheme is currently open for subscription and will close on February 5, 2026.

The fund aims to replicate the Nifty PSE Index by investing in equity and equity-related instruments in a proportion consistent with index constituents. According to the fund house, the structure seeks to deliver total returns before expenses that closely track the underlying index, subject to tracking error.

Investment Framework And Scheme Structure

The Groww Nifty PSE ETF follows a passive investment approach, aligning its portfolio with the Nifty PSE Index TRI. The objective is to maintain weights in line with index constituents to minimise deviation in performance.

The fund will be benchmarked against the Nifty PSE Index TRI, ensuring transparency and comparability with the public sector enterprise basket. The scheme will be managed by Nikhil Satam, Aakash Chauhan and Shashi Kumar, reflecting a multi-manager structure to oversee replication and operational efficiency.

Minimum Investment And Exit Load Details

The minimum application amount for the NFO has been set at ₹500, followed by investments in multiples of ₹1 thereafter. This entry threshold makes the ETF accessible to a wide range of market participants seeking index-linked exposure.

The scheme carries no exit load, ensuring ease of liquidity for investors transacting through the exchange. As an ETF, units will be bought and sold on the stock exchange at prevailing market prices subject to normal trading conditions.

Role Of Public Sector Enterprises In The Index

The Nifty PSE Index represents listed public sector enterprises operating across strategic sectors of the Indian economy. These enterprises function in areas such as infrastructure, defence, energy and transportation, supported by decades of operational experience.

Statements from the fund house highlighted the importance of public sector enterprises in delivering long-term national projects and strategic initiatives. The ETF aims to provide a straightforward and transparent mechanism to track this segment through an index-based approach.

Read More: Top 10 Gold ETFs Deliver 45% Returns in 6 Months.

Conclusion

The launch of the Groww Nifty PSE ETF marks an addition to the expanding range of index-based offerings in the domestic market. With its focus on the Nifty PSE Index TRI, the scheme provides a rules-based method for accessing public sector enterprise equities.

The fund’s subscription window remains open until February 5, 2026, with a low minimum investment threshold and no exit load. Its structure aims to closely mirror index performance through disciplined replication and transparent benchmarking.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.