February 4, 2026
RA Jainee
Groww BSE Hospitals ETF FoF – Direct | Growth
📌 Fund Snapshot & Key Details
| Particulars | Details |
|---|---|
| Fund House | Groww Mutual Fund |
| Scheme Type | Open-ended |
| Category | Equity: Sectoral – Healthcare / Hospitals (FoF) |
| Benchmark | BSE Hospitals TRI |
| NFO Opens | 11 February 2026 |
| NFO Closes | 25 February 2026 |
| Plan / Option | Growth, IDCW |
| Minimum Investment (Rs.) | 500 |
| Exit Load | 0 |
| Lock-in Period | NA |
| Riskometer | Very High |
| Registrar | KFin Technologies Ltd. |
⚖️ Sahifund NFO Review
PLUS
• Access to hospital sector exposure without direct ETF handling (FoF convenience)
• Pure-play participation in India’s organised hospital & healthcare delivery theme
• Long-term structural tailwinds: insurance penetration, ageing population, medical tourism
• Zero exit load enhances flexibility for tactical allocation
• Lower operational friction for investors preferring MF format over ETFs
MINUS
• Double-layer costs (FoF + underlying ETF) vs holding the ETF directly
• Very high valuations at the benchmark level (P/E ~60, P/B ~10)
• Extreme concentration: top 10 stocks ~95% weight in the index
• Single-sector exposure magnifies drawdown risk
• Performance fully dependent on underlying ETF tracking quality
Sahifund View (Decisive Line)
A convenience-first route to a high-risk hospital-sector bet, suitable only as a small satellite allocation for informed investors.
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⏱️ Last Updated: 6 February 2026, 10.00 AM
📊 Sahifund Interpretation of the Benchmark
BSE Hospitals TRI
The BSE Hospitals TRI tracks hospital companies drawn from the BSE 1000 universe, weighted by float-adjusted market capitalisation with a 20% single-stock cap. The index represents India’s organised hospital ecosystem.
Benchmark Behaviour Snapshot
• Outstanding long-term returns (3Y/5Y CAGR ~31–33%), driven by earnings growth + re-rating
• High volatility (annualised risk ~19–21%) and sharp interim corrections
• Highly top-heavy composition; performance hinges on a handful of leaders
• Sensitive to regulation, pricing caps, and policy interventions
Sahifund Insight:
This benchmark rewards patience after corrections and punishes late entries at valuation extremes.
🧠 Investment Strategy – Explained Simply
The scheme invests in units of the Groww BSE Hospitals ETF, aiming to mirror the performance of the BSE Hospitals TRI (before expenses), subject to tracking error.
In simple terms:
➡️ You buy a mutual fund wrapper that holds the hospital-sector ETF for you.
👤 Sahifund Interpretation of Fund Managers & Their Performance
Aakash Ashokkumar Chauhan
Brings ETF/index execution experience across Trust MF and capital markets. Focus on replication accuracy and liquidity.
Nikhil Satam
Operations and ETF execution background; supports cost and tracking discipline.
Shashi Kumar
Insurance and AMC operations experience adds governance and compliance strength.
Sahifund Assessment:
As a FoF, outcomes are driven by the index and underlying ETF tracking, not discretionary stock-picking.
🎯 Suitable for Which Investors?
Suitable if you:
• Want hospital-sector exposure without managing ETF mechanics
• Already hold diversified equity funds
• Can tolerate sharp volatility and drawdowns
• Are allocating tactically or as a small satellite bet
Avoid if you:
• Are cost-sensitive (ETF direct is cheaper)
• Prefer diversified or defensive equity strategies
• Are first-time or conservative equity investors
• Expect steady, predictable returns
❓ Should You Invest in This NFO?
Yes, but very selectively.
This FoF makes sense only for investors who value convenience and understand the valuation and concentration risks of the hospital sector. Keep allocation small and time entries prudently.
Final Word:
A convenient wrapper for a powerful theme—but convenience comes with extra cost and high risk.
⚠️ Disclaimer
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully.