NFO Alert: Groww Mutual Fund Launches Nifty PSE ETF

Groww Mutual Fund has launched the Groww Nifty PSE ETF, with the new fund offer (NFO) opening on January 22, 2026, and closing on February 5, 2026. The scheme is open-ended and categorised under “Others”, with a sub-category of Exchange Traded Funds (ETFs). 

The fund requires a minimum investment of ₹500, with additional investments allowed in ₹500 increments. The NAV will be calculated daily, in line with standard disclosure norms for mutual fund schemes. 

Investment Objective 

The scheme seeks to generate long-term capital growth by investing in securities that make up the Nifty PSE Index. The portfolio will be constructed to mirror the index constituents and their respective weightages. 

The fund aims to deliver returns that track the total return of the Nifty PSE Index before expenses, subject to tracking error. The offer document states that there is no assurance or guarantee that the stated objective will be met. 

Structure and Risk Profile 

The Groww Nifty PSE ETF is designed as a passive investment product, with portfolio composition linked to the underlying index rather than active stock selection. The scheme is assigned a risk level consistent with equity market exposure, given its focus on listed public sector enterprises. 

The fund will be managed by Nikhil Satam, who will oversee index replication and portfolio alignment. 

Trading and Redemption 

Units of the ETF will be listed and traded on the exchange, enabling investors to buy and sell during market hours. Repurchase and redemption will take place through the exchange mechanism, subject to liquidity and market conditions. 

Key Scheme Information 

• Open date: January 22, 2026
• Close date: February 5, 2026
• Minimum investment: ₹500
• Additional investment: ₹500
• NAV frequency: Daily
• Category: Others
• Sub-category: Exchange Traded Funds (ETFs) 

Read More:  NFO Alert: Samco Mutual Fund Introduces Mid Cap Fund! 

Conclusion 

The Groww Nifty PSE ETF provides index-linked exposure to public sector companies through a passive structure. Fund performance will broadly follow the movement of the Nifty PSE Index, subject to expenses, tracking differences and market fluctuations. 

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