July 18, 2024
mayank
Groww Nifty EV & New Age Automotive ETF details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Groww Nifty EV & New Age Automotive ETF Open Date, Close Date?
NFO opens on July 22, 2024
NFO will close on August 02, 2024
What is the Investment Strategy?
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.
Basic Details
| Fund House | Groww Mutual Fund |
| Issue Open | 22 July 2024 |
| Issue Close | 02 August 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 500 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Very High |
| Benchmark | Nifty EV and New Age Automotive TRI |
What is the Benchmark Index of Groww Nifty EV & New Age Automotive Exchange Traded Fund?
The Nifty EV & New Age Automotive Index aims to track the performance of the companies which are active in electric vehicles or new age automotive vehicles (such as hybrid vehicles, hydrogen fuel based vehicles and green hybrid vehicles) segment. This particularly includes manufacturers of electric vehicles, new age automotive vehicles, electric batteries; electric vehicles or electric battery component producers, companies produce or supply raw materials that are relevant to the electric vehicle and autonomous vehicle technology segment, companies that build autonomous vehicles, and suppliers of autonomous vehicle technologies.
Nifty EV & New Age Automotive Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant : Nifty EV & New Age Automotive Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 21.09 | 32.66 | 61.21 | 33.17 | 20.94 |
| Total Return | 21.40 | 33.09 | 62.57 | 34.51 | 22.12 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 14.09 | 20.58 | 19.81 |
| Beta (NIFTY 50) | 0.84 | 0.89 | 0.90 |
| Correlation (NIFTY 50) | 0.76 | 0.84 | 0.83 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 35.16 | 6.54 | 0.83 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Tata Motors Ltd. | 8.26 |
| Maruti Suzuki India Ltd. | 7.91 |
| Mahindra & Mahindra Ltd. | 7.85 |
| Bajaj Auto Ltd. | 7.84 |
| Reliance Industries Ltd. | 4.29 |
| KPIT Technologies Ltd. | 4.12 |
| CG Power and Industrial Solutions Ltd. | 4.06 |
| L&T Technology Services Ltd. | 4.04 |
| Sona BLW Precision Forgings Ltd. | 4.03 |
| Bosch Ltd. | 4.01 |
Performance Review of the Fund Managers of Groww Nifty EV & New Age Automotive ETF?
1) Abhishek Jain
Education: Mr. Jain has done BA, CA
Experience: Prior to joining Groww MF he was associated with Edelweiss Tokio Life Insurance, Acko General Insurance and Shriram Asset Management Co Ltd.
Past Performance of his Schemes
| Fund | Groww Nifty Smallcap 250 Index Fund | It’s Benchmark | Groww Nifty Non-Cyclical Consumer Index Fund | It’s Benchmark |
| 1 Year | — | — | — | — |
| 3 Year | — | — | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 18-7-2024
Which Company Owns Groww Nifty EV & New Age Automotive ETF?
Groww Asset Management Limited
Address: Floor 12 A, Tower 2 A, One World Centre, Jupiter Mills Compound Senapati Bapat Marg, Mumbai – 400013
Website: http://growwmf.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Groww Nifty EV & New Age Automotive Exchange Traded Fund NFO?
Guidance for Groww Nifty EV & New Age Automotive ETF by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
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